The Money Blog

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It's about to get ugly Sep 30, 2021

As I write these words, Alberta is approaching a crisis in the pandemic: We are running out of ICU capacity.

For the first time in my career, I am preparing to triage critically ill patients to...

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From top gun to team captain Sep 23, 2021

Finishing your residency training is like finally graduating from the US Naval Strike and Air Warfare Center as the top gun.

You might indeed be the best air-fighting pilot out there, but in the...

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Debt and choice (Part 2!) Sep 16, 2021

Last month I went through the first three of six quick wins on your path to avoiding consumer debt.

Now I want to share three more of my favorites:

1. Opportunity Cost.

How much would this $50,000...

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From critiquing to good-finding Sep 09, 2021

A Harvard Business team found that from a database of 50,000 leaders, both positive comments and constructive criticisms were important in promoting team success.

While criticism was most effective...

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Outsourcing Less and Getting Lost in Your Thoughts Sep 02, 2021

Previously I explored how the affluence of a physician household can make life too easy for kids.

But there are negative effects on us too.

The pandemic forced us to dial back some of the...

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From mending weakness to fostering strength Aug 26, 2021

Many of us grew up heeding criticisms and corrections from superiors while downplaying praises (lest it go to our heads).

As such, we gravitate towards negative comments on ourselves.

Studies on...

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Debt and choice Aug 19, 2021

In an earlier post, I alluded to the notion of choice in most consumer purchases.

Below, I’ll briefly highlight the first three strategies I use to avoid consumer debt:

1. Cash, Paper,...

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From independence to interdependence Aug 12, 2021

As part of the social maturation process, we humans grow from dependence to independence to interdependence.

Professionally, this is also true as we progress from medical students to interns,...

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Outsourcing less to strengthen your children Aug 05, 2021

For those of you who have known me personally over the years or attended our live events, you will be familiar with my constant praise of outsourcing.

And as a two-doctor family with four children,...

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From 100% of 1 to 1% of 100 Jul 29, 2021

Decades ago, one of my mentors asked me, “Would you like to make 100% of one person, or 1% of one hundred people?”

That question caught me by surprise. I was working around a hundred...

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Bad debt drains life’s energy Jul 22, 2021

In an earlier posting, I wrote how debts can be a choice. Today I’ll explore the mental toll that bad debts take.

When it comes to issuing debt, banks use formulas based on occupation, income...

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From fear to faith Jul 15, 2021

Fear is an innate instinct to protect us from danger, but it can also be a learnt or conditioned response to less harmful situations (e.g., heights, public speaking, social settings).

Fear of the...

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