You can build your house in the sand

In the book of Matthew, there is an illustration that comes to such a particular visit:

And every man heareth these my words, and make them as a wise man that buildeth his house on the rock. The rain collapsed, flooding arrived, and the winds appeared, beating the house, but did not fall, because he was founded in a rock. And everybody hears those my words, He does not do so as a foolish man who builds his house in the sand. And the rain fell, and floods came, smote, smite the house, and fell, and fell down from it.

This illustration clearly doesn’t have homes, very little money. But today we will make it like. If built your financial house on the Sandy foundation, you will not live in the event of unfailing things in life. Have you ever wondered if the falling would look like? It’s no more! For the past few months, we found the next flyer in the mailbox:

It is less difficult to laugh at this, but I’ll do the best I can do. I think flyer doesn’t lie and that all of this is used for “the outstanding plastic surgeon.” If this life is just added, I really sorry. But let’s keep you unknown and use you as an example for all other doctors out there.

You can really use everything

Some people cannot think to spend the number of seven money a year. Heck, the majority of medical students do not understand how they are semiling to living in more than $ 300,000 doctors. But I will ensure that it can be done. It seems that the surgery doctor had successfully spent the sum of all their work. Let’s see how:

• Happy house
• A nice car
• Good art
• Fancy watches
• Good jewelry
• Fancy carpets

There may be many expensive travels, bottle service, and other fun things on the way, and, but that cannot be sold from time to Dollar auction. What appears to be invisible, however, there is a lot

• Accounts to retire
• Investment buildings
• Equal funds
• Shares
• The premises paid

If there were many of the item, the DOC would not be Fire-Saling all the bling.

More information here:

10 Reasons Doctors spend a lot of money

How much is this doctor’s FI doctor actually spends year after year

What’s up?

This poor doctor had a few of the bad things that happened:

1. Health problems crushed to make money to make money
2. Separate
3. Bad business decisions

All of this is normal. While the disability can be viewed in insurance, it is difficult to buy sufficient insurance to support a lifestyle involving good arts and payments on MCLAREN GTS. Disability insurance and usually pay only until 65 years. Therefore, if you promote health issue in 63 or 67, it will not help all that. If you improve a lifestyle that is not supported only by working hard as a plastic surgeon that spends all his money, it will be very difficult to build an egg. It requires millions of dollars. Don’t think you can keep your current level of money found permanently. Do not create a lifestyle that depends on your highest level of income.

Divorce is often cut off your money and your property in half. That is the most spiral, but many doctors are recovering from it every time – especially if divorce results in reducing an opponent in a relationship.

There is no reason why two surgery centers should be closed because one doctor is no longer able to work. That is an indication of whatever is the most complete form (possible) or inability to attract other doctors to the surgeon. This person should have known that surgery institutions will have to be sold for someone to ultimately be more important if they are not very disloyal to finding money from the doctor.

What will happen to this DOC?

I have no idea, but I suspect everything raised in this age is owed to be owed. The surgeon or old partner will not enjoy a comfortable retirement, especially compared to their previous method.

More information here:

Doctors need to use the budget, and (a few examples)

A tale of 2 budgets

How can you keep this from happening to you?

There are few lessons you should learn from this worst example.

# 1 Buy Disability Insurance

Documents are always disabled. Put down under your potential life course by buying a strong, special, special policy of special disability policy.

# 2 Keep in retired

You cannot work forever. When you can no longer earn money and disability insurance do not pay benefits and if you have nothing else, you will be like 40% of Americans living without social security. The good news is that your social security benefit may be greater than the central US. The bad news is that possible that you will not want to live by that. Since time you receive training until you stop the lead, save at least 20% of your income, and you will never be in this situation.

# 3 Buy goods, not bills

A beautiful house, car, rug, or piece of art is usually debt, not property. The goods pay you money. Credit costs to maintain their own, including them, and keeping them. Yes, sometimes you can sell the equipment and investment more than paying them, but you are usually not yet advanced. I’m not a rich fan of Robert Kiyosaki, a poor father, but he found this privilege. Buy the prices first, and then you can buy items used. They are the first time.

# 4 Pay the money and pay off the credit

When life really becomes bad, you may need to sell something you belong to. If there is no debt associated with this particular item, sales can be a real blessing in your life. My boat is far in the smart financial plant, but at least when I sold it, I got the average number of five money that would support my family for months. If I had a note on a boat, all trading would make me get my boat pay, and that’s not almost useful. The same thing works in cars and homes. If not, pay money. Pay your loan closed early.

# 5 Take care of your health and relationship

The old credit card says, “There are things that can be bought with money; in everything else, there is biggest cards.” While it is difficult to think about anything without money when you do not have enough for your basic needs, if you have a matter (as the dob certainly do), focus on the most important things such as health and your family.

When I felt very bad in this surgeon, I hope that white investors learn from the mistakes of others than to make every mistake itself.

What do you think? Why do some doctors spend a lot? Have you ever reduced the spending you used?