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    Dr. Marcinko is originally from Loyola University MD, Temple University in Philadelphia and the Milton S. Hershey Medical Center in PA; as well as Oglethorpe University and Emory University in Georgia, the Atlanta Hospital & Medical Center; Kellogg-Keller Graduate School of Business and Management in Chicago, and the Aachen City University Hospital, Koln-Germany. He became one of the most innovative global thought leaders in medical business entrepreneurship today by leveraging and adding value with strategies to grow revenues and EBITDA while reducing non-essential expenditures and improving dated operational in-efficiencies.

    Professor David Marcinko was a board certified surgical fellow, hospital medical staff President, public and population health advocate, and Chief Executive & Education Officer with more than 425 published papers; 5,150 op-ed pieces and over 135+ domestic / international presentations to his credit; including the top ten [10] biggest drug, DME and pharmaceutical companies and financial services firms in the nation. He is also a best-selling Amazon author with 30 published academic text books in four languages [National Institute of Health, Library of Congress and Library of Medicine].

    Dr. David E. Marcinko is past Editor-in-Chief of the prestigious “Journal of Health Care Finance”, and a former Certified Financial Planner® who was named “Health Economist of the Year” in 2010. He is a Federal and State court approved expert witness featured in hundreds of peer reviewed medical, business, economics trade journals and publications [AMA, ADA, APMA, AAOS, Physicians Practice, Investment Advisor, Physician’s Money Digest and MD News] etc.

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Dr. Somnath Basu on Retirement Happiness [Video Clip]

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A PodCast Clip

This brief podcast clip features Dr. Somnath Basu, director of the California Institute for Finance [CIF].

Dr. Basu, a popular ME-P thought-leader, shares his insights on what makes people happy in retirement.

Assessment: http://www.youtube.com/watch?v=iTrtmW831Xk

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3 Responses

  1. A Retirement Spending Blueprint Will Protect Your Nest Egg

    Here is an August 4th 2013 essay by Susan B. Garland who is Editor at Kiplinger’s Retirement Report.

    http://www.bbt.com/bbtdotcom/investing/retirement/articles/a-retirement-spending-blueprint-will-protect-your-nest-egg.page

    It references our ME-P colleague and “thought-leader” Somnath Basu PhD MBA.

    Dr. David Edward Marcinko MBA
    http://www.amazon.com/Comprehensive-Financial-Planning-Strategies-Advisors/dp/1482240289/ref=sr_1_1?ie=UTF8&qid=1418580820&sr=8-1&keywords=david+marcinko

    Like

  2. I am happier because my work has a higher meaning

    According to Martin Seligman, founder of positive psychology and author of “Flourish,” meaning is a pillar of well-being.

    The science is there, I encourage all of you to connect to the higher meaning of your work, and make yourself a happier person in the process.

    Dr. David Edward Marcinko MBA CMP™ MBBS [Hon]

    Like

  3. On Material Possessions

    “Living simply with fewer material possessions leaves room for more soul” (meaning more joy, connection, peace, and spirituality). “Material possessions prohibit one from finding deep contentment.”

    Recently I had a conversation with a person who deeply believed these two money scripts. She was sure there was great emotional and spiritual reward in ridding oneself of the trappings of materialism and living simply and in poverty.

    I’ve conducted many workshops where participants uncover and examine their money scripts, which are the thoughts and beliefs they have about money. I’ve never run into a money script that wasn’t true in some circumstances and false in others. The more certain a person is that a money script is true, the greater the chance that it will be the source of financial and emotional suffering and pain when circumstances change, which they inevitably have a way of doing.

    Like all money scripts, these two contain some truth. Money and material possessions cannot in themselves create happiness. However, having enough money to get out of poverty certainly does make people happier. Research shows a direct relationship between more money and happiness until someone’s income reaches around $50,000 to $80,000, enough (in the US and depending on location) to meet basic needs comfortably. Beyond that, more money doesn’t correlate to more happiness.

    Many would equate having more money with having more stuff. While often true, this is not always the case. Charles Dickens’s famous miser, Ebenezer Scrooge, was wealthy but lived like a pauper. His lack of material possessions certainly did not give him more joy or contentment. In fact, it was a symptom of the spiritual emptiness he lived with until he was transformed.

    Money and the things it can buy are not what stifles joy, connection, peace, and spirituality. Money is a 21st century survival tool; it touches everything we do and without it our very survival is threatened. It’s how money is viewed and used that can open us to connection or isolate us, cause us turmoil or fill us with serenity.

    There is also a significant difference between poverty by choice and poverty by circumstance. Living in poverty is not the same as living simply. There’s nothing simple about the day-to-day anxiety of being poor. It may mean juggling second jobs, child care, and transportation; living in fear of a child getting sick or the car breaking down; or coping with the bureaucratic and often illogical demands of systems that provide assistance. Struggling to get by without enough money is hardly a lifestyle that leaves room for spiritual contentment.

    Poverty by choice, in contrast, means living simply despite being able to afford more. It may be that knowing one has the means of acquiring more, yet choosing to live without, may exercise more spiritual muscles than going without of necessity. It may also be somewhat disingenuous for someone living simply within a financial safety net to preach the virtues of poverty.

    Having modest earnings, little net worth, and few possessions is not exactly poverty if one has control over or access to assets and even luxuries. Some religious leaders and heads of charitable institutions, for example, may be provided with the means to live comfortably and be freed from responsibility for the housekeeping necessities of daily life. Living simply by choice in this way can free them to focus on their work or spiritual development.

    Maybe the most balanced perspective is to view living simply through a lens of “enough.” If we don’t have enough for basic necessities, how can we be content? If we do have enough, do we really care if someone else has more?

    Rick Kahler MS CFP®

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