The Myth of the Tax Write-Off
The Motivated M.D Blog
by The Motivated M.D.
15h ago
[This article ‘The Myth of the Tax Write-Off’ is a guest post contribution from Dr. Neill Slater, MD, MBA. He is one of the founding partners at Business Is The Best Medicine. His work has proven to be well written, entertaining, and a welcome perspective. I encourage you to check out his website as well! It offers great information regarding physician finance and real estate investing through the lens of a financially independent physician.] “It’s a write-off for them.” (Kramer) “How is it a write-off?” (Jerry) “They just write it off.” (Kramer) “Write it off what?” (Jerry) “Jerry, all ..read more
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Why I Still Work After Achieving Financial Independence
The Motivated M.D Blog
by The Motivated M.D.
1w ago
[This article is a guest post contribution from Dr. Neill Slater, MD, MBA. He is one of the founding partners at Business Is The Best Medicine. His work has proven to be well written, entertaining, and a welcome perspective. I encourage you to check out his website as well! It offers great information regarding physician finance and real estate investing through the lens of a financially independent physician.] My father and older sister both died in their late forties, teaching me at a young age the ephemeral nature of life.  I told myself I would retire if I reached fifty, which seemed ..read more
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Do Doctors Complain About Money?
The Motivated M.D Blog
by The Motivated M.D.
2w ago
Those of you who read the blog regularly have probably noticed that I am an avid reader of Sam Dogen of Financial Samurai. Sam retired from Wall Street in his early 30s and was one of the pioneers of the FIRE movement. He rapidly built a nest egg using his high income and living below his means. He negotiated a hefty severance package, retired, and created the Financial Samurai. To be clear, I am paraphrasing his story, but you get the gist. Hardworking young individual, generates a great income, saves, lives below his means, and lands a great severance package.   Now, over a de ..read more
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The Top 5 Physician Side Gigs of 2024
The Motivated M.D Blog
by The Motivated M.D.
3w ago
Some fascinating data was released by Medscape recently toward the end of 2023. With physician side gigs garnering more and more attention, they decided to release a survey of physicians and their side gigs. Of the respondents included, 39% of physicians had a side gig. This statistic surprised me. With physicians already making high incomes, I figured discussions of lucrative physicians’ side gigs were largely a nuanced product of our personal finance community. However, some of Medscape’s data would suggest side gigs are more common than I thought.  I spend a lot of time writi ..read more
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What The Sims Taught Me About Money
The Motivated M.D Blog
by The Motivated M.D.
1M ago
In 2000, I was 11 years old. I had a clunky and slow Dell PC in my bedroom, where I spent most of my time. At this point in my life, video games played an outsized role. I am sure my parents would have wished it differently, but I was a well-mannered kid who rarely caused trouble. I tended to stick to my handheld and PC games in my free time. During this particular year, a new franchise called The Sims came out for the computer.   Overwhelmingly, The Sims was precisely as its name insinuates: a life simulator. You did everything from working a job to building a home and growing a fam ..read more
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Lessons Learned From Two Years of Blogging
The Motivated M.D Blog
by The Motivated M.D.
1M ago
This website was created in December of 2021.  At that time, I had welcomed our first child into the world and was in the final year of my fellowship training in pulmonary and critical care medicine.  This website was a culmination of personal writing and interest throughout the COVID pandemic.  As the website has steadily built a following, I have surprisingly continued to publish content weekly and seek to continue to do so.  Now, as we enter 2024, I have been creating financial content for over two years.  Though I still see this side gig in its infancy, I also have ..read more
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Achieving Financial Independence in Medicine: The Ultimate Guide
The Motivated M.D Blog
by The Motivated M.D.
1M ago
When this article was published, early in 2024, writing and reading about physician financial independence had become mainstream. Numerous websites, blogs, books, and podcasts are already dedicated to physician personal finance. The vast majority of information is relatively the same. Work hard, save, avoid debt, invest, and live well. This is all true. However, as we enter the new year, I wanted to continue a series I started a few months ago that revisit periodically: The Ultimate Guide series. The Ultimate Guide series seeks to tackle big concepts and dilute them into one digestible article ..read more
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Physician Financial Checklist for 2024
The Motivated M.D Blog
by The Motivated M.D.
2M ago
I cannot believe I am saying this, but it is already that time of year again to prepare for the new year! It is cliché to say, but the year does fly by. Between the Christmas holiday and the New Year, I tend to begin to get my ‘financial house’ in order. With 2024 around the corner, I created an article reflecting some of the essential things on my financial checklist. This list is not comprehensive but targets some of the most important tasks to complete each year. So get your ‘To-do’ list ready because here is the Physician Financial Checklist for 2024. Enjoy!  Table of Contents Phy ..read more
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The Best Physician Finance Blogs of 2024
The Motivated M.D Blog
by The Motivated M.D.
3M ago
Part of the mission of The Motivated M.D. is to provide resources to our readership that will help them self-educate and grow on their journey toward financial prosperity. However, despite my weekly blog posts juggling a full-time clinical job, I cannot provide this alone. Because of this, I turn to other resources to help me, like many of you. Some are wildly thorough, comprehensive, and established platforms; others are solo bloggers like myself. However, they all seek to provide the same thing: a helpful word to guide you on your financial journey. As such, I have compiled this list of the ..read more
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Aligning Money and Values is Winning
The Motivated M.D Blog
by The Motivated M.D.
3M ago
Lately, my wife and I have been discussing more about what money can buy us. It allows us to purchase material goods, obviously. Many of these things we need for daily living. However, as our financial situation begins to change, so too has the lens with which we view our time… and the value we extract from it.  This week, I wanted to write about a slightly more abstract topic, but one that I think is critical to our happiness. We all will navigate our finances differently. That is because, well, our finances are different. However, the commonality that unites us all is that, ov ..read more
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