The Money Blog

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 war ...

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...

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 i...

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 outsourcin...

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 wor...

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, Scissors

Ca...

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, residen...

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, w...

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 hours weekly as ...

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 levels,...

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 unk...

In an earlier posting, I explored how time in the most precious asset in our lives.

None of us is getting our youth or years back. Yet we lose countless hours consumed with fear.

What I have come to...