We hold these truths to be self-evident, that all men are created equal that they are endowed by their Creator with certain unalienable Rights, that among these are Life, Liberty and the pursuit of Happiness.
Sweet Happiness….. We have an unalienable right to pursue it in the United States, just as much as life, as written in the Declaration of Independence.
How are we to best pursue it? Continue reading “The Pursuit of Happiness Part 1: Can we change our Happiness?”
My wife and I were born into middle classes families that valued education, religion, saving money and trying to be good human beings. We were born in one of the best societies humans have created, possibly at its peak. We live in unprecedented luxury compared with our peers from even 1 century ago much less 3 or more. We have 2 healthy kids and our parents are still alive. We just cannot go on with all that good fortune without feeling like we won the human birth lottery. We as have more than our share of luck, so we decided to give some away. Continue reading “Our $35,000 Christmas gift to ourselves – the Donor Advised Fund”
There is a lot of talk about “lifestyle inflation” which is basically spending the extra money one makes as one gets more advanced in a career, gets a side hustle, inheritance, stock market gains, credit (terrible idea) or whatever. What about the opposite of lifestyle inflation? We voluntarily went through “lifestyle deflation” once we realized that we were spending our way to unhappiness. It’s not as bad as it seems and totally worth the short-term pain to get back on track. Continue reading “The Lifestyle Deflation Paradox – Decrease your lifestyle to increase it.”
I’ve been in a bit of a funk lately with medicine. Lots of patients, 2 young kids, no vacation for a while owing to partner leaving and no nearby family. I love my job choice of medicine. It’s easy to overlook all the good things about a career in medicine and as bloggers we often try to identify problems with our job so we can offer solutions. So I decided to write down some things I’m grateful for in medicine, a gratitude post. Continue reading “Gratitude Blog Journal”
Yay me, I found the perfect physician job: warm (but not hot) all year round, right on the beach, 1 hour drive to mountains with skiing, large international airport (with Southwest), 7 figure pay, low cost state with no income tax, tons of benefits (401k, 457b, match, healthcare), no buy in immediate partnership, no call, 15 weeks paid vacation and 2 fulls days off a week.
But I jest….. Continue reading “Choosing a physician job: location, money and lifestyle”
This is a continuation from a previous post titled: How spending money can create happiness – Part 1
5. Pay now and consume later
Modern culture is consume now, pay later. We can get almost whatever we want, on credit, delivered to out door within 1-2 days (sooner if amazon drones take off). This eliminates anticipation, which is a source of happiness. Taking the cookie example, eat the cookie now and get X pleasure, or save the cookie for later and get X pleasure plus all the anticipatory pleasure from delaying. Continue reading “How spending money can create happiness – Part 2”
Everyone knows becoming a doctor takes a long time. We sign up for that when we start taking medschool prerequisites in college and studying for the MCAT. What you can’t know when you sign up is that you will enter medicine young and emerge older but sometimes minimally changed, but the world will have changed, a lot. Preparing for a career in medicine is preparing to traverse the wormhole of medicine. Continue reading “Medicine is a wormhole”
As a follow-up to my recent post on “Income and Happiness”, I thought I would delve deeper into the link between money and happiness. Specifically, is there a way to spend money that makes one happy? Continue reading “How spending money can create happiness – Part 1”
I preparation for one of several personal finance educational talks I give each year to residents and medical students, I’ve been thinking about a good analogy for learning personal finance as a physician. You know, to motivate those that haven’t to take the first step and those that have to stay the course. Well, turns out that learning personal finance is a lot like learning human anatomy, and just as interesting. Continue reading “My first dead body – How physician personal finance is like anatomy.”
Bond choices are plentiful: treasuries, municipals, corporates, junk. Bond durations vary: ultra-short, short, intermediate, long. Bond packages abound: mutual funds, ETFs, individual, ladders As a high income family we have specific needs from bonds, but what to do? Continue reading “Bond portfolio choice for our high income family – A weekend at Bernie’s”