MDNews - Long Island

April 2016

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Bridging Problems with SOLUTIONS™ 100 Quentin Roosevelt Blvd., GaRden City, ny 11530 Phone: (516) 296 1000 n Fax: (516) 296 1030 n www.milleRmilone.Com 49 wiReless Blvd., hauPPauGe, ny 11788 99 Quentin Roosevelt Blvd., GaRden City, ny 11530 Attorney Advertising At Miller & Milone, P.C. the whole surpasses the sum of its parts. Many of today's healthcare issues are quite complicated and require a multifaceted approach to achieve a solution. Our integrated five department system allows our firm to address complex problems with a myriad of solutions. Inquire about our ED Financial Assist™ Medicaid Program. To Be a More Satisfied Physician, Watch Your Spending BY STEVE BARRETT DO YOU WANT to more fully savor the joy of practicing medicine? Get a ha n- dle on your f inances. That 's the advice of Ja mes M. Da hle, MD, author of The W hite Coat Investor: A Doctor's G uide to Personal Finance and Investing. Writing at f u lf i l ledphysicia ns.com, Dr. Dahle notes a link between careless spending a nd physicia n burnout. "The more secure we are financia lly, the more we enjoy our work," he writes. " However, physicia ns working long cl i n ic hou r s a nd mo on l i g ht i n g 1 5 t i me s a mont h a s a ho s pit a l i s t i n order to ma ke a limony payments, boat payments, mor tgage payments, or a ll of the above, a re tired, g r umpy, a nd fra nkly, da ngerous to their patients." In contrast, those who exercise care in their spending a nd saving habits — by ta king steps such as getting out of debt and working toward their invest- ment goa ls — ga in g reater f reedom to assume reasonable work loads a nd pra c t ice med ici ne a s t hey bel ieve they should. A few of the tips Dr. Da hle offers to achieve that freedom a nd prepa re for the future: + R out i ne ly s ave a bi g p or t ion of your income. Other w ise, you w i l l jeopardize your hopes for a comfort- able retirement. + Insure a mply aga inst illness, death a nd disabi lit y. Bui ld up a sav ings cushion to cover other, compa ra- tively minor losses. + Put together a w rit ten budget. No one's income is unlimited, a nd that mea ns ma k ing choices. A budget will help you ma ke wise ones. ■ M D N E W S . C O M /// M D N E W S L O N G I S L A N D ■ 2 016 1 1 F I N A N C E 1 1

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