Physician's Money Digest®

PMD is trusted online financial resource for physicians that covers topics in personal finance, investing, retirement planning, practice management, and lifestyle. PMD publishes daily news, advice, and columns from current and former MDs, financial advisors, and health care reporters.

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The Power of Pre-Suasion
The Power of Pre-Suasion
A casual observer might argue that much of what a physician does is, in effect, sales. We are often trying to talk someone into something, a medical work up or treatment, or out of something, like self-destructive habits.
Caribbean Cruise “Escape” Covers Food, Fun, and Family
Much had changed, for the better, since our Norwegian Cruise Line (NCL) Escape sailing years ago. The Escape surprised us: for the most part, the food was tasty, the entertainment engaging, and the ship, family-friendly.
The Financial Impact of Part-Time Work at Various Career Stages
The timing of a part-time transition can make a big difference in your ability to build wealth. Just a few years of full-time work first can shave years off a career.
When to Drop Your Idea
Like most entrepreneurs, I've had my share of failures, fumbles and fooling around. It would have been a lot easier if I had euthanized the ideas sooner and put myself and many others out of their misery sooner.
One Often Forgotten Cause of Healthcare Fraud...
With an estimated 12% of Medicare and 10% of Medicaid payments lost to fraud and other improper payments in 2015, it is no surprise that battling healthcare fraud is a high priority on the government's checklist. Let's talk about one rampant cause of healthcare fraud that doesn't get the limelight.
Overdue for a Bear Market Tumble
It is true that we are overdue for a bear market. A correction is a drop of 10% from the peak; a bear is 20% or more. We haven’t see the latter since 2008.
Five Ways to Optimize Wealth Building as a PGY
A dollar invested in PGY1 has nearly one more full doubling time compared to that 6-10 year-later-invested dollar in your first few attending years.

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