Category: Business

Doctors with Money Problems

Doctors with Money Problems

I was just about done with the original version of this post when the Wall Street Journal published this article with the apparent goal of making my profession look like it’s composed entirely of Tesla drivers who can’t do math.

This article of course popped up almost immediately in my social media doctor groups and in my social media finance / FIRE groups and got thousands of comments and shares and emoticon reactions.

The doctor group’s reaction was largely along the lines of “No one understands what doctors go through, student loans are the worst, school costs so much, the educational system / federal loan program is oh-so-broken, etc.” The FIRE group’s reaction was (to bring it down to PG vocabulary): “Stop whining and pay back your debts like you said you would, you spoiled rich brats.”

Things got so exciting that Dave Ramsey got involved.

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The Financial Life of a Computer Engineer

The Financial Life of a Computer Engineer

Our guest post today is from an awesome computer engineer who agreed to share some interesting financial, schooling, work, and investment details from his life so our young people can have a real-life story to consider when contemplating career choices. 

In case you were concerned that our guest-poster is a boring and out of shape nerd who spends his days indoors hunched over a keyboard, you should know that in addition to already kicking ass at personal financial management at the tender age of 28, Mr. Computer Engineer has completed over 10 long-distance running races, summited every single one of the 54 14ers in Colorado, and traveled all over the world to hike, climb, and ski. The photos in this post are his. 

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Questions for Your Future Junior Business Partner

Questions for Your Future Junior Business Partner

Below are some questions to get your discussion rolling with your future long-term junior partner. You will, of course, come up with many other questions related to your specific situation.

These are questions that might be helpful if you are the selling partner (that is, you currently have ownership in the business – even if you plan to sell fifty percent or more). These questions might be most helpful for those considering entering into a private practice healthcare partnership – since that’s where I’ve had the most experience – but I’ve tried to phrase most of them so they could apply to other businesses as well.

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Questions for Your Future Senior Business Partner

Questions for Your Future Senior Business Partner

Below are some questions to get your discussion rolling with your future long-term senior business partner. You will, of course, come up with many more that are unique to your particular situation.

These are questions that might be useful to you if you are the incoming partner (that is, you do not currently have ownership in the business – even if you plan to buy fifty percent or more). These questions might be most helpful for those considering entering into a private practice healthcare partnership, but I’ve tried to phrase most of them so they could apply to other businesses as well.

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What to Look For in your Professional Role Models

What to Look For in your Professional Role Models

If you are lucky enough to find someone out there who is doing what you want to do in your own professional life – congrats! This discovery will be incredibly helpful for you! But before you go dashing out the door to try to imitate someone else or handing them your credit card in exchange for their secret recipe, you need to look critically at their business models and their lives.

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The Magic of the Non-Budget

The Magic of the Non-Budget

Let me say right off the bat that budgets can be great. Many people find success in their personal financial lives through meticulous budgeting. There are also many different types and varieties of budgeting strategies out there, so there may very well be one that will work amazingly well for your unique financial needs. None of this is intended to talk you out of budgeting if it is something that works for you.

However, I’m finding that not all people who are excited about personal finance are equally excited about traditional budgeting – myself and my husband included.

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Setting Professional Goals

Setting Professional Goals

Two of the things I have found most helpful in my professional life are:
1.  Setting well-defined, detailed goals based on the things that I want for my life.
2.  Literally mapping out my plans for how to get to my goals.

Neither of these should be novel concepts to any of us, but let’s be honest – how many of us actually follow through on things like this?

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Welcome!

Welcome!

Hi!  In case we haven’t met, I’m Dr. Peppers. I’m a distance runner, backpacker, skier, world-traveler, wife, and mom. I’m a Millennial and an extrovert, so I like talking (or writing) to people about pretty much anything. You can learn more about me right here. Through some combination of luck and hard work and thinking outside the proverbial box, I’ve managed to build a life that l absolutely love – and thus I consider myself highly successful despite not being particularly famous or important.

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