August 22, 2017

Debt Payoff… Which first: Student Loan, Mortgage, or Business Note

For many hardworking Americans, whether they are the employer or the employee, they managed to amass a pretty good amount of debt. I repeatedly make this statement, I HATE DEBT! However, it is part of life for most of us. Recently a client of mine that’s in the entrepreneurial doctor field and owns his own practice quizzed me on what debt he should pay off first. Desiring to see the light at the end of the tunnel, he wanted my advice on the best route to take after freeing up $1,000 a month.
June 8, 2017
Business Mistakes Doctors Make

Small Business Tips for the Self-Employed in the Medical Field

In this article, I’m talking specifically to the dentists, the chiropractors, the veterinarians, the optometrists… all you doctors who own your own business. I’m going to call you the entrepreneurial doctor. You are smart; you have visions and aspirations to grow a grandiose practice. BUT, you’re not very good at the business side for the most part… Sorry, just the fact.
May 5, 2017
Business Mistakes Doctors Make

9 Business Mistakes Doctors Make in Their Practice

One niche of small businesses that I often advise is an “entrepreneurial doctor”. Those are the doctors that work outside of a hospital and aren’t W2 employees. They own their practice and can be dentists, veterinarians, optometrist, etc. Before coming to us there are a variety of business mistakes doctors often make when it comes to the business side of their vocation. These guys are brilliant doctors with varying designations, however, most don’t earn MBA’s on top of that. Business is often not an easy model for these educated folks to understand. In my consulting with them I have seen many, but here are the top nine business mistakes doctors make in their business models.
April 6, 2017
Top Financial Mistakes Self-Employed Doctors Make

Top Financial Mistakes Self-Employed​ Doctors Make

If you’re a physician, then you attended one of the best medical schools in the world. Why? Because you live in the U.S. However, you may be struggling to make reach your financial goals, despite a hefty salary. Physicians are some of the most specific investors out there. Not only do physicians have a higher student debt, they also have higher liability risks, an above-average income… a complex situation to start with. Here are the top financial mistakes self-employed doctors make and what you can do to change your future.
April 5, 2017
erasing mortgage debt

What Debt Should I Pay Off First?

Hey, guys! This is Justin Goodbread with Financially Simple. So if there is one question I get quite frequently, it is, “What debt should I pay off first?” In fact this last week I had an entrepreneurial doctor in our office and he recently freed up about $1000 a month. Many people will say, “Use the debt snowball.” It’s a good idea. Some will say, “Knock out the highest interest first.” That’s a great idea and may work for you. Which of these two popular options, if any, will work best for him?
November 17, 2016
Business Mistakes Doctors Make

5 Key Financial Mistakes Made by Physicians

If you’re a physician, you were lucky enough to go to one of the best medical schools in the world because you live in the US and we boast some fantastic institutes. However, you may be wondering why you haven’t received much help when it comes to finances but this is why we are here today.