Category: Personal Finance

Scarcity Mindset: How It Can Impact Your Kids What’s holding you back from growing wealth and passive income? Could it be something inside your head? Is it negative, fearful thoughts focused on what you don’t have? This certainly could be the case whether or not you realize it. Unfortunately, many of the preconceived notions we

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Are Doctors Rich As The Public Thinks? It seems as if the general public tend to assume that certain professionals are always well off. [You know what happens when you ASS-UME, right? :)] This could be anything from an attorney, doctor or engineer. But when a group of doctors were polled and asked, “Are doctors

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5 Steps: How To Become a Millionaire In Your 40’s Want to be a millionaire? Most doctors and other high-income earners should have an easier time to obtain millionaire status versus the average person. But they face two major hurdles: #1 Late start #2 High debt Depending on your profession, you may not start earning

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Secrets To Raising Your Money Savvy Family [Editor’s note: Today’s guest post comes from Doug Nordman.  He retired from the U.S. Navy’s submarine force in 2002 at the age of 41.  He and his spouse, a retired Navy Reservist, reached their financial independence on a high savings rate.  Doug wrote the book “The Military Guide

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How To Become Wealthy – Doctor’s 3 Step Guide It seems as if “good news” is hard to come by these days so I thought I’d start off by spreading some: “If you’re a doctor or other high-income professional wanting to learn how to become wealthy….GOOD NEWS!” It’s MUCH easier than you may realize. Why?

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The Ultimate Doctor’s Guide To Preserving Wealth Warren Buffett is known for his wealth and most notably his rules for attaining it. One of his more popular rules involves preserving wealth: Rule #1 – Don’t lose money Rule #2 – NEVER forget rule #1 As a doctor, making money shouldn’t be an issue as your

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3 Top Reasons Why Money Is Important What do you get the woman that has everything? Well I found out that my wife actually didn’t have “everything” last Christmas. She loves to workout and was excited to hear about new a in-home fitness technology that was being released shortly before the holidays….”The Mirror“ Have you

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3 Steps Doctors Can Take To Stop Trading Time For Money We get an education (for much longer if we’re doctors), work 40+ hours a week for 35+ years then retire and HOPE we’re healthy enough to enjoy it all withOUT running out of money. Sounds more like a Nightmare on Elm Street rather than a dream!

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5 Best Investments For Your Money Now (COVID-19!) [Editor’s Note: Today’s article is a guest post from Fred Leamnson who started the blog Money with a Purpose in October 2017. The blog focused on three primary areas: Personal Finance, Overcoming Adversity, and Lifestyle. During his time at Money with a Purpose, he was quoted in

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Don’t Be Afraid To Fail – Your Wealth Will Thank You FOMO (Fear Of Missing Out) is one of the major issues kids and adults alike are facing these days. Being able to see that your friends are at a party that you weren’t invited to on social media (Snapchat) makes this even worse for

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Psychology Of Happiness – Can Money Help? During the COVID-19 pandemic, our periodontal practice (along with all Louisiana dental practices) were mandated to shut down. Now granted we could still see emergencies but for the most part, we didn’t treat or see patients for seven weeks. During that down time I was able to get

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Dave Ramsey vs Robert Kiyosaki – Who Should You Listen To? If you’ve been following this blog for awhile then you’re aware that we used the Dave Ramsey’s Baby Steps to become consumer debt free after racking up close to $300K in student loans. The financial principles he teaches are important, but mainly for the

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