Business is The Best Medicine
Personal Finance Blog for Medical Professionals
Welcome to Business is the Best Medicine
Latest Posts
Lesson Three – How an Investor Makes Money from Stocks
In this lesson, we break down the two primary ways investors profit from stocks—dividends and capital appreciation. Using simple examples, we explain how returns are generated, how taxes apply, and why not every stock investment succeeds. We also offer a candid reminder for healthcare professionals: success in medicine doesn’t automatically translate to success in investing, and humility is key.
1 year of owning a laundromat
It’s been almost a year since we bought our laundromat, and this phase feels very different than the first six months. In this update, I’m sharing our real numbers, what has improved, what has been harder than expected, and how this business has actually impacted our life. It’s simple work, but not always easy, and we’re still figuring out what comes next.
Lesson Two – Understanding Stock Investing
In Lesson Two of Personal Finance for Professionals Part II, we introduce the fundamentals of stock investing. This lesson explains the difference between stock price and company value, why share price alone does not indicate company size, and how market capitalization works. It also introduces the two primary approaches used to analyze stocks, fundamental and technical analysis. Finally, we review how the stock market is structured, including exchanges, sectors, and major indexes like the S&P 500.
Favorite Podcasts of February 2026
In this post, I share a few of my favorite business and personal finance podcast episodes from February. Between half-marathon training runs and long road trips, I had plenty of listening time. These episodes cover topics like financial independence for physicians, building a sellable small business, practical steps for wealth creation, and how AI may influence future investing decisions.
Article 4: A Real-Life Framework for Net Worth and Cash Flow
In this final article of the series, we explore how cash flow and net worth work together rather than compete. We talk about why financial priorities shift with different seasons of life and introduces a simple framework showing how cash flow builds assets and assets eventually create more cash flow. Using examples from her own life and budget, Heather shows how balancing both metrics can create flexibility today while still building long-term wealth.
My Favorite Blog Posts January 2026
This monthly roundup highlights some of my favorite physician finance and career blog posts, covering topics like physician ownership, investing, cash flow, and the evolving role of doctors in modern medicine.
Lesson One – Introduction to Stocks & Business
This lesson introduces the fundamentals of stock investing by explaining how stocks represent ownership in a business and why companies issue them to raise capital. It covers the differences between public and private companies, how IPOs work, and how stock ownership allows investors to participate in a company’s financial success. Using a simple business example, the article demonstrates how equity ownership grows in value as a company expands, laying the foundation for understanding how stocks contribute to long-term wealth building.
Article 3: Net Worth Will Always Matter
In this third article of my cash flow vs. net worth series, I make the case for why boring wealth still matters. While cash flow feels urgent and productive in this season of life, net worth quietly builds long-term security through consistent investing and disciplined budgeting. You don’t have to choose one over the other, they solve different problems at different times.
Even Medical Professionals Should Work In Their Side Hustles
High-income physicians are often told to “stay in their lane” and simply work more clinical hours instead of hustling in a side business. But that advice overlooks the long-term value of hands-on experience. In this article, I argue that working “in” your non-medical business, at least early on, builds skills, confidence, and opportunities that can ultimately surpass the returns of extra shifts. The short-term ROI may favor medicine, but the long game belongs to those willing to hustle.
Favorite Podcasts of January 2026
Life has certainly been “life-ing” lately. I started training for a half marathon, which added a couple of hours to my week, and while that usually means more podcast time, many of my runs lately have turned into dance parties and mystery books with the kids (the joys). Still, I squeezed in a few January favorites during solo miles and commutes. From reflections on starting early with investing and building non-clinical income streams, to designing a life you actually want instead of living by default, to being intentional about teaching our kids financial literacy, these episodes all centered around one theme: using money as a tool to create margin, freedom, and purpose in everyday life.
Featured On
New Content Published Every Monday.
Archives
My Favorite Blog Posts from March 2026
This March 2026 roundup highlights standout posts from physician finance blogs, covering asset diversification challenges, small-cap investing, setting boundaries, transparency in net worth, AI scribes in medicine, and the value of simple living, alongside a personal update on a knee injury and recovery.
The Pink Tax
The modern “pink tax” isn’t just about overpriced razors, it’s the ongoing cost of maintaining a socially expected appearance. From hair and nails to Botox and skincare, these expenses can quietly add up to thousands each year. But what’s often overlooked is the opportunity cost. When you zoom out, those small, routine purchases could translate into hundreds of thousands of dollars if invested over time. This isn’t about eliminating self-care, it’s about understanding what you’re trading and making intentional choices with your money.
Lesson Three – How an Investor Makes Money from Stocks
In this lesson, we break down the two primary ways investors profit from stocks—dividends and capital appreciation. Using simple examples, we explain how returns are generated, how taxes apply, and why not every stock investment succeeds. We also offer a candid reminder for healthcare professionals: success in medicine doesn’t automatically translate to success in investing, and humility is key.
1 year of owning a laundromat
It’s been almost a year since we bought our laundromat, and this phase feels very different than the first six months. In this update, I’m sharing our real numbers, what has improved, what has been harder than expected, and how this business has actually impacted our life. It’s simple work, but not always easy, and we’re still figuring out what comes next.
Lesson Two – Understanding Stock Investing
In Lesson Two of Personal Finance for Professionals Part II, we introduce the fundamentals of stock investing. This lesson explains the difference between stock price and company value, why share price alone does not indicate company size, and how market capitalization works. It also introduces the two primary approaches used to analyze stocks, fundamental and technical analysis. Finally, we review how the stock market is structured, including exchanges, sectors, and major indexes like the S&P 500.
Favorite Podcasts of February 2026
In this post, I share a few of my favorite business and personal finance podcast episodes from February. Between half-marathon training runs and long road trips, I had plenty of listening time. These episodes cover topics like financial independence for physicians, building a sellable small business, practical steps for wealth creation, and how AI may influence future investing decisions.
Article 4: A Real-Life Framework for Net Worth and Cash Flow
In this final article of the series, we explore how cash flow and net worth work together rather than compete. We talk about why financial priorities shift with different seasons of life and introduces a simple framework showing how cash flow builds assets and assets eventually create more cash flow. Using examples from her own life and budget, Heather shows how balancing both metrics can create flexibility today while still building long-term wealth.
My Favorite Blog Posts January 2026
This monthly roundup highlights some of my favorite physician finance and career blog posts, covering topics like physician ownership, investing, cash flow, and the evolving role of doctors in modern medicine.
Lesson One – Introduction to Stocks & Business
This lesson introduces the fundamentals of stock investing by explaining how stocks represent ownership in a business and why companies issue them to raise capital. It covers the differences between public and private companies, how IPOs work, and how stock ownership allows investors to participate in a company’s financial success. Using a simple business example, the article demonstrates how equity ownership grows in value as a company expands, laying the foundation for understanding how stocks contribute to long-term wealth building.
Neill Slater MD, MBA
Author
Heather Zamarron PA-C
Author
Featured On
