Issue link: https://viewer.e-digitaledition.com/i/808716
SCULPTING A ACCORDING TO LEGEND, MICHEL ANGELO DECL ARED THAT HE SCULPTED THE STATUE OF DAVID BY REMOVING E VERY THING THAT WA S NOT DAVID. Sound Financial Future BY STEVE BARRETT APOCRYPHAL OR NOT, that principle can be applied to physician fi nances: Chip away the stu that doesn't work. Here are some of the more common mistakes physicians ma ke in handling their money, as outlined for A M A Wire by William Zelenik, CEO of Tennessee-based Millennium Brokerage Group: + Picking an adviser on the recommendation of a friend. Getting advice from colleagues is fi ne, Zelenik says, but your goals and theirs may not be the same. Take time to fi nd the right fi t, he adds, and check out a potential adviser's Central Registration Depository number, provided by the Financial Industry Regulatory Authority. It will alert you to any issues related to that individual. + Sidelining your spouse. A spouse's input on decisions can help you hew to a conservative path, according to Zelenik, and fosters wise budgeting and the pursuit of mutually agreed-upon goals. + Going on autopilot. You wouldn't advise a patient to skip a yearly wellness exam, and you shouldn't tr y that with investments. Fully assess your fi nances at least annually — preferably quarterly. + Taking a do-it-yourself approach. "That's kind of like performing surgery on yourself," Zelenik tells AMA Wire. A good adviser can help ensure you're prioritizing the right things, such as paying down debt. ■ 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. 1 1 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 ■ 2 017 F I N A N C E 1 1