Physician disability is a complicated type of insurance. This post will give you the “must-know” information to secure the best protection for you and your family. To start, I’ve partnered with Pattern in providing this crash course video. Top 10 Physician Disability Insurance Questions These are the most common questions I get from readers and listeners about physician disability insurance: ...

The more I learn about doctors and their finances and the more I talk to other docs, the more I see several recurring themes that cause them to have difficulty reaching financial success.  This post explores these themes. 1. Poor Debt Management This one begins early for most medical students as they get into the habit of living beyond their means.  ...

There is a very strange phenomenon I’ve noticed amongst 4th-year medical students.  They have this seemingly overwhelming desire to buy a house.  I’m not sure if its the delayed gratification thing rearing its ugly head, or if it is some unwritten rule that once you own a house “you’ve made it.”  While everyone’s situation is different, and rules of thumb ...

In the financial blogosphere becoming financially independent and sometimes retiring early seems to have become the end-all and be-all of our financial, and sometimes even non-financial existence. I think we’re giving it too much credit. I don’t think becoming financially independent in the traditional sense is actually going to make you dramatically happier than being almost financially independent. If it ...

Those of you who have been following the blog for years know that I make changes to my portfolio quite infrequently. However, one change I have made was to add a risky fixed-income asset class called Peer to Peer Loans two years ago. I added it to provide diversification and to boost returns (especially given the very low fixed income ...

Physician disability is a complicated type of insurance. This post will give you the “must-know” information to secure the best protection for you and your family. To start, I’ve partnered with Pattern in providing this crash course video. Top 10 Physician Disability Insurance Questions These are the most common questions I get from readers and listeners about physician disability insurance: ...

I get a lot of comments and emails from docs, and spend a fair amount of time on both physician-specific and financial forums. I’m often surprised to see doctors carrying debt that I see as completely unnecessary. Unnecessary Debt A Car Loan The classic example is a car loan. It might be an attending physician several years out of residency ...

I’m still getting lots and lots of questions about what to do with your student loans. Although there are sometimes exceptions, it is helpful for borrowers, particularly medical school borrowers, to see the rules of thumb all mapped out in a helpful way. I had a slow night shift a few months ago, so I put together this flowchart which ...

Doctors are busy.  Luckily, you don’t have to spend much time on financial chores compared to what was needed in the past.  Nearly every step can be automated.   David Bach even wrote a series of books about how to become a millionaire “automatically.”  Here are some steps you can take to automate your financial life and help you reach your ...

For the first time in many years, we made some significant changes to our asset allocation this year. This is not something we do lightly nor frequently and we try not to do it in response to changes in the markets. These changes are changes we have been thinking and talking about for literally years and put down in writing for ...

→ Save time. Save paperwork. Save dollars. Esurance ←