Ten [10] Great Money Quotes for Physicians

To Reach Your Dreams

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[By Patrick Bourbon CFA]

  1. Beware of little expenses; a small leak will sink a great ship. Source: Benjamin Franklin
  2. If you can’t pay for a thing, don’t buy it. If you can’t get paid for it, don’t sell it. Source: Benjamin Franklin
  3. We think much more about the use of money, which is renewable, than we do about the use of our time, which is irreplaceable. Source: Peter Lynch
  4. Avoiding big mistakes is key to generating long term wealth. Source: Don Phillip
  5. It is part of a wise man to keep himself today for tomorrow, and not to venture all his eggs in one basket. Source: Cervantes, Don Quixote
  6. History tells us that when we become overenthusiastic about certain type of financial arrangements, we overdo it. Source: Alan Greenspan
  7. If it’s in the papers, it’s in the price. Source: Bill Miller
  8. The assets may shrink but the debt doesn’t. Source: Gretchen Morgenson
  9. Frugality doesn’t mean doing less. It means doing as much or more with less. Source: William Marth
  10. When times are tough, almost all assets are highly correlated, except for cash. When liquidity dries up, people sell what they can sell, no matter what the price of what they are selling. Source: Bruce Berkowitz

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Assessment

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Conclusion

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Speaker: If you need a moderator or speaker for an upcoming event, Dr. David E. Marcinko; MBA – Publisher-in-Chief of the Medical Executive-Post – is available for seminar or speaking engagements. Contact: MarcinkoAdvisors@msn.com

OUR OTHER PRINT BOOKS AND RELATED INFORMATION SOURCES:

Risk Management, Liability Insurance, and Asset Protection Strategies for Doctors and Advisors: Best Practices from Leading Consultants and Certified Medical Planners™          8Comprehensive Financial Planning Strategies for Doctors and Advisors: Best Practices from Leading Consultants and Certified Medical Planners™

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Abercrombie Up and Peloton Down

By Staff Reporters

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Abercrombie’s stock popped like its collars. Abercrombie & Fitch’s 21st-century reinvention keeps picking up steam. Shares shot up 24% after the clothing retailer reported monster sales for Q2 and its CEO asserted, “We are no longer a jeans and T-shirt brand. We certainly are a lifestyle brand today.”

On the other hand, Peloton, continued its spiral into a financial black hole after losing 29,000 subscribers last quarter. At Peloton’s peak, its share price was more than $167—yesterday, its stock sank to an all-time low of $5.41.

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DAILY UPDATE: Mortgages Rates and the Markets are Up!

By Staff Reporters

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Home Mortgage rates just hit their highest mark since 2002, making home ownership even less attainable to potential buyers. Stagnation in the housing market could also put a squeeze on consumer spending, slowing broader economic growth. The average 30-year fixed-rate mortgage, a popular home loan, hit 7.09% last Thursday, up from 6.96% the week before, according to mortgage behemoth the Federal Home Loan Mortgage Corporation (Freddie Mac).

In a statement tied to the release, Freddie Mac noted that the rise of the 10-year Treasury yield and the strength of the economy both contributed to the high rate.

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Here is where the major benchmarks ended:

  • The S&P 500® Index rose 49 points (1.1%) to 4,436.02; the Dow Jones Industrial Average (DJIA) rose 184 points (0.54%) to 34,472.98; the NASDAQ Composite (COMP) rose 215 points (1.59%) to 13,721.03.
  • The 10-year Treasury note yield (TNX) fell 15 basis points to 4.180%.
  • CBOE’s Volatility Index (VIX) fell roughly 1 point to 16.03.

Communication services—which is home to tech-adjacent companies such as Google parent Alphabet (GOOG), Facebook parent Meta (META), and Netflix (NFLX)—and technology were the top-performing sectors Wednesday.

Energy was the laggard, as crude oil futures slipped more than 1% to below $79.

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Become a Board CERTIFIED MEDICAL PLANNER™ and Thrive

Think Different – Be Different  – Thrive

[By Ann Miller RN MHA]

Letterhead CMP

http://www.CertifiedMedicalPlanner.org

Dear Physician Focused Financial Advisors

Did you know that desperate doctors of all ages are turning to knowledgeable financial advisors and medical management consultants for help? Symbiotically too, generalist advisors are finding that the mutual need for knowledge and extreme niche synergy is obvious.

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But, there was no established curriculum or educational program; no corpus of knowledge or codifying terms-of-art; no academic gravitas or fiduciary accountability; and certainly no identifying professional designation that demonstrated integrated subject matter expertise for the increasingly unique healthcare focused financial advisory niche … Until Now! 

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http://www.CertifiedMedicalPlanner.org

Enter the CMPs

“The informed voice of a new generation of fiduciary advisors for healthcare”

Think Different

 [Think Different – Be Different – Thrive]

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http://www.CertifiedMedicalPlanner.org

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So, if you are looking to supplement your knowledge, income and designations; and find other qualified professionals you may want to consider the CMP® program.

Enter the Certified Medical Planner™ charter professional designation. And, CMPs™ are FIDUCIARIES, 24/7.

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Conclusion

Your thoughts and comments on this ME-P are appreciated. Feel free to review our top-left column, and top-right sidebar materials, links, URLs and related websites, too. Then, subscribe to the ME-P. It is fast, free and secure.

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Become a CMP

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Speaker: If you need a moderator or speaker for an upcoming event, Dr. David E. Marcinko; MBA – Publisher-in-Chief of the Medical Executive-Post – is available for seminar or speaking engagements. Contact: MarcinkoAdvisors@msn.com

OUR OTHER PRINT BOOKS AND RELATED INFORMATION SOURCES:

 Comprehensive Financial Planning Strategies for Doctors and Advisors: Best Practices from Leading Consultants and Certified Medical Planners(TM)* 8