How My Donor Advised Fund Made Me Less Selfish

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2018 marks our first year of having a Donor Advised Fund (DAF) through Fidelity. The effect on my giving patterns over the past year has been a pleasant surprise. As I reviewed this year’s giving and compared it with prior years, I was struck by the fact that we are giving more generously than ever before – roughly a 20% …

Docs Who Cut Back #7: Loonie Doc

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Editor’s note: My wife likes to quote an old world saying that there’s a lid for every pot (usually used in the context of dating). Similarly, I want every reader of this blog to find at least one interviewee that reflects the reader’s peculiar circumstances and compulsions. This interviewee qualifies, in the best of ways, as both peculiar and compulsive. …

A Service For Doctors To Assume Control Over Their Finances

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Teach Me To Fish I want you to own your financial life, because I used to be you. I always had an excuse why now was not the right time to learn about money. Maybe you accumulated debt from your education, a home, a car, or credit cards. On a doctor’s high income, you’ll always have enough. Maybe your career …

It’s Time To Rekindle Your Love For Medicine

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You and Medicine have been on the outs for a while. She’s been giving you the cold shoulder when you slide into bed at night. She doesn’t laugh at your jokes the way she used to. She can sense your resentment. What started as a love affair has dwindled to ambivalent interdependence. Medicine cooks, you do the dishes. Breaking routine …

Investing Ought To Be Boring: Don’t Jump The Shark

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Yesterday a friend approached me giddy with excitement. He’d rolled over his legacy retirement account from an old job into his new Vanguard account, and with that money he’d purchased thousands of dollars of total stock market and total bond market funds! Pushing the buy order made him feel like the most powerful man in the universe. I’ve been meeting …

Docs Who Cut Back #6: Dawn Baker, MD / Practice Balance

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1. What is your specialty? Anesthesiology 1a. How many years of residency/fellowship did you complete? 4 years of residency 1b. How old were you when you began to cut back? I started working 0.75 FTE straight out of residency (I was 37). After my daughter was born, I cut back to 0.5 FTE at age 42. 1c. How many years …

Alchemy In Medicine: How One GI Doc Spun Turds Into Gold

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Image above is a 2000 year old child potty trainer from ancient Greece. Accepting turds as a fact of life from an early age prepared me well for a career in medicine. Growing up, my father and great uncle built a small outdoor aviary in our back yard, where we raised tropical finches and quail that we sold to pet …

Director’s Perspective: How To Gracefully Go Part-Time (And Stay There!)

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Vagabond MD is a practicing radiologist who holds the unique position of having sat on both sides of the part-time medicine negotiating table. As a former Department Chief, he was the decision-maker tasked with weighing the interests of physicians who sought to cut back against the interests of  the group as a whole. As a physician who struggled with burnout, …

My First And Second Businesses By Crispy Jr

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A few weeks ago I found my son packing several balloons into his backpack. When I inquired what they were for, he informed me they were part of his business, and showed me his ledger of clients. It turned out this was his second venture as an entrepreneur. Crispy Jr was kind enough to allow me to interview him for …

Docs Who Cut Back #5: Wealthy Doc

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Wealthy Doc was possibly the first physician finance blogger, generously helping us learn financial literacy back when Al Gore had barely invented the internet. In those days, the White Coat Investor had not yet started his blog, skinny ties were all the rage, and we docs were doing stupid things with our money. Nearly a decade later, WCI might clear …