Post Category: Cash Management
7 Habits of Our Most Successful Clients
The ability to help guide people during their journey and assist them in achieving their goals is a privilege, and we wanted to share some of the habits of our most successful clients.
3 Ways Doctors Can Increase Their Savings Rate Without Cutting Expenses
Building wealth is simple: make more than you spend and invest the difference.
There are two ways to increase your savings rate: spend less or make more. There are also two ways to earn more income: work more hours or earn more per hour.
The Most Important Money Habits To Teach Your Children
Kids are like sponges. They’re ready to soak up whatever we’re willing to teach. Now is the time to be teaching our children about money.
Excess money mixed with lack of money maturity can ruin lives. At its extreme, money can be the difference between life and death.
Using Financial Failures To Move Forward
What if failures improved your chance of success? Everybody makes mistakes - this much is true. But are you failing forward after your mistakes? There's a great book by John Maxwell called Failing Forward. Maxwell believes "the difference between average people and...
3 Personal Finance Habits of Highly Successful Young Physicians
Do you ever wonder what personal finance habits separate the most successful young physicians from everyone else? In my experience helping hundreds of young physicians with their finances, I've observed three main habits that are almost always present in the most...
7 Financial Planning Tips for Resident Physicians Transitioning Into Practice
Today we’re covering 7 financial planning tips for resident physicians transitioning into practice. By utilizing these tips early in your career, you’ll be setting yourself up for long term success. 1) Plan Your Financial Journey "Planning is bringing the future into...
The Right Way To Navigate Car Buying Decisions
Question: “I'm thinking about buying a car. Mine is getting pretty old (or boring). What should I be thinking about as I approach this decision?“ This is a question we get from clients all the time. And for good reason. People tend to throw money away on cars. I'll...
Using a Values-Based Lens to Identify Financial Blindspots
It's difficult to self diagnose your own problems. Especially the deep rooted issues. How many people with serious illnesses caused by their own choices show up at the hospital and say something like... "Hey Doc, I'm sick because I’m overweight and I’ve been smoking...
How To Keep Your Spouse In The Loop On Your Personal Finances
According to an American Express survey, 91 Percent of Couples Find Reasons to Avoid Talking About Finances; only 43 Percent Discussed Money Before Marriage. We all know communication is key to a happy marriage - especially communication about money. But where do you...
The True Cost Of The “No-Fee” 401k Rollover
You see the signs all over the place... "We Accept 401k Rollovers". Apparently people are taking banks and other financial institutions up on the offer to roll over their 401k into an IRA, otherwise they wouldn't advertise it. On the surface, it would appear this...