Blog
Life happens. So as it does, I'm reminded of successes and failures of all kinds. We're all learning. This is life as it happens in the world of finance.
Happy Thanksgiving
With family and friends traveling to be together for the holidays, I think it’s important – at appropriate times – to understand what family members are doing with their money and estate planning. As the kids get...
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When to Hire a Financial Advisor
While nearly everyone could benefit from a financial advisor, not everyone is able or willing to use one at certain times. Additionally, not everyone who uses a financial advisor would use him or her at the same capacity as others....
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Young Doctors Don’t Need a Financial Plan
A financial plan is a formal document, stating goals & objectives, current financial status, inflation assumptions, market rate of return assumptions, time value of money costs, among other items. This document basically creates a...
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The Doctor’s Budget Remastered
About a decade ago I had my first doctor client, and part of what they wanted to discuss was budgeting in order to save more. They just got new jobs and wanted some general planning for the sake of making good decisions. Software for...
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5 Financial Mistakes Medical Residents Make and How to Avoid Them
Medical residents and fellows have always been in an interesting situation. They are embarking on the foothills of their career and obtaining the skills and knowledge they need to press forward. They are likely in the most idealistic...
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Are You Working with a Salesperson or an Advisor?
Lately I’ve been introduced to clients with wildly unsuitable products and recommendations that have been implemented. It’s as if financial advice is solely intended to sell products, even if there is no need for products....
Read MoreHave You Ever Received Good Advice on Your Student Loans?
The only people I work with are young doctors, so I guide people through their student loans quite often. I’ve spent months trying to understand the government student loan repayment logic. In short, sometimes it isn’t...
Read MoreFree Advice to Ask Your Car Insurance Agent – Try This!
One of the biggest secrets in the world of insurance is an “Umbrella Insurance” policy. It’s a secret for three main reasons: Consumers aren’t actively educated about it because the insurance marketplace is so...
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The Turtle and the Curb
I was driving home the other day and I saw a turtle on the side of the road. It had made it all the way across the street, only to be stopped by a curb. The turtle obviously couldn't jump the curb, so even though it completely crossed...
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