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Am I using money, or is money using me?

Dave Denniston, CFA
Finance
August 4, 2017

I get on the phone with a physician. She is stressed. Her tone is exasperated. Her frustration has been building and building. I hear the stress in her words.

She feels like she has been juggling ball after ball after ball. Living her circus of a life. Taking care of her patients. Pulling extra shifts and doing locums.

Somehow, fitting in a little bit of time when she can for her caring …

Read more…

Am I using money, or is money using me?

My wife wanted to fire our pediatrician. What can we learn from this?

Dave Denniston, CFA
Patient
May 22, 2015

shutterstock_182400230

It was May 13th, 2012. Mother’s Day.  My wife, Cyrena, was having an incredibly difficult pregnancy. She had pounding headaches, blurred vision, and searing pain throughout her body. As a matter of fact, she had been in and out of the hospital for the last two weeks. Our tiny daughter was only developed 23 weeks in gestation. Her due date was …

Read more…

My wife wanted to fire our pediatrician. What can we learn from this?

Physicians: How to gain insight into your tax situation

Dave Denniston, CFA
Finance
January 31, 2015

freedom formula

An excerpt from The Freedom Formula for Physicians.

Get the last copy of your pay stub. What is your year-to-date compensation? What is your annualized compensation?

Hint: Take your current compensation and multiple it by 12, divided by the number of months already compensated. For example, using an end-of-the-month May check, multiply the amount by 12 divided by 5.

Get the last copy of …

Read more…

Physicians: How to gain insight into your tax situation

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