Mindset

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January 6, 2025

Doctor vs. Debt: My Updated Compound Interest Scorecard

When I first learned how to calculate my net worth, one concept or philosophy struck me. And that is the idea that I was in

January 3, 2025

How Much Should Doctors Give to Charity?

This is a loaded and very personal question that we are going to address today. The question is: how much should we give to charity?

January 2, 2025

PhREI Network Roundup 1-2-25: Why General Practitioners are the Backbone of Healthcare

As you know, as part of the PhREI network, we decided to start a weekly roundup to share new activity from across the network. Enjoy! The

December 25, 2024

Personal Finance and the Holidays: Money Can Buy Happiness!

First of all, happy holidays to you all! I hope you and yours are all safe and healthy. That is what’s important, especially this time

December 23, 2024

Doctors, How Do You Want To Make Your Money?

It’s a legitimate question. But it’s also a question that doctors don’t pay attention to. Or we assume that the way that we as doctors

December 16, 2024

What’s Better? Should You Pay Off Debt or Invest?

Let’s just get this out of the way first…this question is so personal that there is no absolute answer. Not in this post, on this

December 11, 2024

Comparing the Financial Lives of Doctors & Professional Athletes

I’ve always loved playing and watching sports. I love the Yankees and Jets. Love UConn basketball. When it comes to NBA, I guess my team

November 25, 2024

3 Reasons I Will Encourage My Kids to Go into Medicine

I have to say that I really enjoy this debate. Because you will get some really passionate responses on both sides of the fence. So

November 15, 2024

Mapping Out My Money Flow (Updated 2024)

Each month, Selenid and I sit down and go through our budget. To do this, we basically just sit with our budget template (download here)

November 11, 2024

7 Steps to Build My Rich Dad Cash Flow Statement

In his famous book, Rich Dad, Poor Dad, Robert Kiyosaki introduces the concept of the cash flow statement. (He technically calls it an income statement