UPS TRUCK DRIVER EARNING POWER RIVALS PHYSICIANS’ INCOME: IS YOUR FUTURE WELL?

In his blog post at KevinMD.com physician Neil Baum shares a startling insight about annual income in the medical field. Let’s begin with the premise: The general public believes doctors make far too much money for their services. Now let’s consider the insight that debunks that notion: Hard-working men and women who take a job […]

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National Obsession: Buying a Home. National Experiment: Embrace Renting

Your home is not an investment, it is a liability. I’ve said it many times, and my real estate mentors have preached it for years. Still, the national obsession to be a homeowner continues. Perhaps perceptions are finally changing. A new article by Conor Dougherty in the New York Times outlines a thought experiment that […]

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Medscape Lifestyle 2017 Reveals Burnout Increase for Emergency Medicine Doctors:  Avoid Career Crisis with Passive Income

The number of physicians experiencing burnout in my specialty is growing. But, gratefully, I am not one of the victims. This is pertinent only because a new 2017 report by Medscape Lifestyle reveals that the burnout rate for emergency medicine (EM) doctors like me is nearly 60 percent, up 10 points since 2013, the first […]

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Education Debt Crushes Future of Emergency Medicine Doctors—Unless They Follow The Basic Laws of Wealth Expansion

Sometimes I wonder if emergency room physicians have unconsciously bought into the same myth that other Americans harbor. Namely, that all doctors are rich. I ponder this possibility because many highly-trained professionals don’t do smart things with their money early in their careers. maybe they are complacent because they have a high annual income and […]

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Mamas Don’t Let Your Babies Grow Up to Be Doctors: Did Hall of Fame Songwriter Willie Nelson Get It Wrong?

Who can resist a good song by a great songwriter like Willie Nelson? He has a way with words and melodies that make us want to keep singing his best stuff. Sadly, one of his iconic songs might need a rewrite, through no fault of his own. Do you remember the lyric?  “Mamas don’t let […]

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