Financial Management
Spend your money more wisely, inside and outside your practice
“Every time I am tempted to buy some dopey thing, I hear my late father’s voice, ‘Do you really need that?’”
How to become a medical expert witness and other side hustles for physicians
Many physicians, including those employed by larger institutions and those in private practice, choose to become involved with entrepreneurial activities or engage in “side hustles” at some point in their careers.
Life insurance 101: Understand term vs. permanent policies
Physicians generally use life insurance to achieve certain wealth planning goals — from protecting the family against the risk of a breadwinner’s early death to providing an estate for heirs and more.
Financial planning for orthopedic surgeons: Key milestones to meet at every career stage
As an orthopedic surgeon, your career will be rewarding in many ways, including a personal sense of purpose, ability to help others and the potential for high-earning power.
Diversified portfolios allow for ‘smoother ride’
Why not just invest in one stock and let it ride? That works well if you bet the farm on Apple in 2010 and watched your fortune explode 30 time during the last 14 years.
Outline highlights typical flow for practices to add partner-track associate physician
“Perfect partners don’t exist. Perfect conditions exist for a limited time in which partnerships express themselves best.”
Financial planning for physicians: Key milestones to meet at every career stage
As a physician, your career will be rewarding in many ways, including a personal sense of purpose, ability to help others and the potential for high-earning power.
Cancer crowdfunding stories often highlight financial hardship
More than a quarter of cancer-related crowdfunding stories explicitly related experiences of medical financial hardships, according to cross-sectional study results.
Use nonqualified plans with cash value life insurance to achieve retirement goals
Nonqualified plans offer a valuable alternative or supplement to qualified retirement plans for physicians seeking to enhance their retirement savings.
Power of compound interest: Time is ‘one of your biggest allies’
When investing, time in the market is arguably as important as well-publicized factors, such as rate of return, initial amount of investment (principal) and costs of investing.