I recently stumbled upon Overcome FOMO (Fear of Missing Out) in 7 Steps by finance superhero. I was enlightened by this article and decided to write about the ways I personally combat FOMO. FOMO is likely the most prevalent psycho-social disorder plaguing our society, a nation with the great abundance in choices and options.
You may be wondering what brand has to do with you as a physician, but in reality, despite whether you are in private practice, employed by a hospital or still in residency, your brand is more important now than ever.
The choice of medical specialty shouldn't be made solely on income, but it cannot be ignored that salary will have a substantial impact on wealth creation.
Now that most docs are associated with some group, it behooves us to learn how to flourish in this new environment. And, like so many other subjects covered here on Physician’s Money Digest (PMD), there is little or nothing in our professional training to guide us.
There is a recent evidence that spending in retirement is not consistent year-to-year. The general line of thinking goes in three stages – are you ready for them?
No matter what your political leaning, there is a good chance the outcome of the 2016 US presidential election came as a surprise. Now the dust has cleared a little, I want to approach it from a different perspective – how President Trump will impact your finances on a personal level.
It’s easy to confuse long-term disability insurance with long-term care insurance. Nonetheless, these two insurance plans serve very different purposes in helping you manage financial risks.
Sheryl Sandburg's popular book, Lean In, is a career guide primary geared towards professional women. The Facebook CEO commented on an interesting observation she had seen in the workplace called Cinderella syndrome, the tendency for women to do their work and hope that someone will 'notice’ it.
Patient satisfaction is becoming a more valued measure than it ever has been in the past. Physician online rating sites have proliferated, making patient satisfaction part of the public domain.
Don't be surprised if you find your tax bill goes down when Republicans get together in 2017
Whether you seek an island trip for celebrating the recent election or for running away from the results, an island vacation comes with soothing scenery plus a sense of escape.
Hard work never hurt anyone. It’s an age-old expression, and one that Khurram Pervaiz’s father took to heart.
Once again, changes in healthcare are on the front burner in Washington. This is an amazing opportunity to start fresh, learn from the mistakes, and get it right. No one knows what will happen, but we do know big changes are coming, and I believe it will be change for the better. Now is the time to get behind President-elect Trump and give him your support.
Making the transition from resident to attending physician was a large change with lots of new stress. This post will examine how the first 6 months have been going.
Divorce is difficult on everyone involved, except maybe the lawyers. This article explores the financial ramifications of one physician's divorce.
Future doctors and the future of medicine will be directed by millennials, who have a different set of priorities and approach to medicine than physicians who are already well-established.
Don’t tell me you’ve never done this: deliberately avoid revealing that you are doctor. Whether it is like White Coat Investor, who rightfully thinks that he may get a better deal if the sales person doesn’t know he’s a doctor, or it is awkward at a dinner party after a crowd just made a series of doctor jokes (not suspecting that there is a doctor in their mist.)
Does the cost really outweigh the benefit to apologize once a mistake has been made? This article will go over 5 major costs one shouldn't forget before apologizing after a medical mistake.
What would financial freedom look like to you?
In July, the Department of Health & Human Services proposed new bundled payment models for cardiac care—the third bundled payment model in a little more than a year—and an extension of the existing bundled payment model for hip replacements and other hip surgeries.
Elective medical procedures are all the rage with celebrities – and we’re talking way beyond nose jobs and breast augmentations. That story tops this week’s PMD Critical List.
Holiday travel is costly for solo trips and even more expensive for those heading out with spouses, children, and grandparents. Here are some tips to save money on winter holiday vacations.
What happens when someone retires before obtaining the requisite 25 years of living expenses saved to be considered financially independent?
A degree in medicine costs more than 1/2 million dollar in student loan principle and interest, not to mention the missed opportunity to be building wealth with higher wages during long training. Here's how to maximize return on this huge investment.
How will a Trump Presidency affect physicians financially?
As a physician, you may be wondering why you need a personal mission statement. Just about every big business has a mission statement that, in one sentence or a few sentences, boils down how they do business and often what a consumer can expect from them.
If there’s one thing that everyone loves bragging about, it’s how much money they saved on a great deal. Here’s some tips that will help you do just that.
Celebrating holidays with family and friends often involves travel. You might be headed to grandma’s condo or to your brother’s house to commune with his twin four-year-olds and their incontinent poodle. What could possibly go wrong?
Are you financially future proof? Let's talk about a few ways to address this difficult question.
For those members of the medical profession who worry about the advance and impact of physician burnout nationwide, it might help to know that you have a real champion in your corner—Bridget Duffy, MD.
