Financial success as a doctor isn’t rocket science

We all know the importance of compound interest in building wealth. The fuel for compound interest is time — the longer you are committed, the greater chance your investments will grow. This applies not only to financial growth but also to essentially everything else. As a rule of thumb, the more you study for a test the better you ought to do. The longer you have practiced medicine, the more likely you will have brand recognition by the public. If you bought a few homes in remote parts of Astoria, New York in the 1970s, your properties will still be worth a lot without any effort.  Time builds. Time erodes. The key is to strike a balance.

The hungriest doctor gets the best dinner

The medical training environment can make even the most satiated student hungry.  I’ve witnessed, during medical school, a seemingly mundane presentation on bezoars evolve into a history lesson on surgical management of gastrointestinal obstructions to the cocaine addictions of William Halsted. That’s right.  This five-minute presentation after morning rounds probably took an all-nighter to prepare. I sure felt sorry for the student who had to present a topic after this gunner.

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