making enough money just to keep us working, but too busy to lift up our heads to see what’s happening around us, what is happening to us, or where we’re going. Charles Tadros, M.D. May 25, 2023 Saint Louis, Missouri
Tag Archives: money
My text to a 22 year old family friend about the dislikes of his first full-time job…and my sense of the world as a 58 year-old father, husband, son, brother, physician, and former employee (turned employer).
Thanks for hanging out yesterday.I see a direct line between people who loved me and supported me (and often suffered while doing so) to my being able to sit casually with you to have a nice lunch, decades later. Seriously consider listening to what you think, say, and feel as NOT being abnormal or diseased.Continue reading “My text to a 22 year old family friend about the dislikes of his first full-time job…and my sense of the world as a 58 year-old father, husband, son, brother, physician, and former employee (turned employer).”
Preventing / minimizing childhood traumas and relieving / minimizing socioeconomic determinants of poor health, would add more years of life, save more lives, and save societies more money, than all the high technology treatments used in modern, Western healthcare.
Charles Tadros, M.D. April 18, 2023 Saint Louis, Missouri
WHEN BORROWING MONEY, WHETHER FROM A FRIEND, A RELATIVE, A LOAN SHARK, OR A BANK, MORE IMPORTANTLY THAN HOW MUCH CASH CAN WE GET ARE:
Realistically, how are we going to pay back the lender, IN FULL, AND ON TIME (preferably early)? How much interest will we incur? What changes will we have to make in our lives (and in the lives of the people around us) in order to pay back our obligations? How much emotional energy (stress, worry,Continue reading “WHEN BORROWING MONEY, WHETHER FROM A FRIEND, A RELATIVE, A LOAN SHARK, OR A BANK, MORE IMPORTANTLY THAN HOW MUCH CASH CAN WE GET ARE:”
AUTOMATIC DEDUCTIONS AND AUTOMATIC PAYMENTS: BOTH ARE CONVENIENCES THAT LULL US INTO POOR HABITS AND COMPLACENCY.
WE SIGN UP FOR ACH (AUTOMATED CLEARING HOUSE) DEDUCTIONS THROUGH A BANK ACCOUNT OR CREDIT CARD ACCOUNT. THIS ALLOWS A VENDOR TO WITHDRAW VARIABLE AMOUNTS OF MONEY (e.g. variable dollar amounts for natural gas bills or electric bills). WE MAY ALSO SCHEDULE AUTOMATIC PAYMENTS OF CONSTANT DOLLAR AMOUNTS (e.g. loan payments or rent payments), OUTContinue reading “AUTOMATIC DEDUCTIONS AND AUTOMATIC PAYMENTS: BOTH ARE CONVENIENCES THAT LULL US INTO POOR HABITS AND COMPLACENCY.”
MAYBE WE SHOULD SEPARATE OUR WORK, OUR JOY (OUR FLOW STATE), AND THE SHARING OF OUR TALENTS FROM THE MAKING OF SIGNIFICANT AMOUNTS OF MONEY. IDEALLY, ALL THESE IMPORTANT CHARACTERISTICS SHOULD COEXIST, BUT THEY CANNOT. DUE TO INHERENT TENSIONS, ONE TENDS TO OVERSHADOW, DIMINISH, OR DESTROY THE OTHER.
http://notyourdoc.blog/2021/07/23/there-is-a-significant-difference-occasionally-with-overlap-between-a-passion-to-make-money-and-a-passion-to-perform-an-activity-which-makes-money/ Charles Tadros, M.D. January 22, 2022 Saint Louis, Missouri
WE ARE NOT, “SAVING MONEY” IF WE WERE NOT THINKING OF PURCHASING A SERVICE OR AN ITEM UNTIL WE WERE ENTICED BY A DISPLAY, SALE, DISCOUNT, CODE, OR COUPON.
Charles Tadros, M.D. January 22, 2022 Saint Louis, Missouri
ISN’T THE PSYCHOLOGY AND MATH OF MONEY AMAZING? IF WE HAVE A SINGLE SHARE OF A $5 STOCK AND THE PRICE RISES TO $10 (ie a 100% increase, or doubling your money), TO ALMOST ALL IF US, THIS IS NOT A LIFE-CHANGING AMOUNT OF MONEY. HOWEVER, IF WE HAVE 10,000 SHARES OF THAT SAME $5 STOCK, AND THE STOCK PRICE DOUBLES, NOW OUR INVESTMENT OF $50,000 HAS DOUBLE TO $100,000. TO ALMOST ALL OF US, THIS WOULD BE A LIFE-CHANGING AMOUNT OF MONEY. THE SAME STOCK, SAME STOCK PRICE, SAME STOCK PRICE INCREASE, BUT DRAMATICALLY DIFFERENT IMPACT ON ONE’S LIFE. ALL OF THIS DUE TO TO THE INITIAL, OR CUMULATIVE, TOTAL DOLLAR AMOUNT INVESTED.
The lesson seems to be that our earliest work to earn money (in order to invest), our earliest attempts to reduce debt and taxes (and to use these savings to invest), and our earliest buying and holding of quality investments, are by far the most important effects for our long-term financial wealth. Charles Tadros, M.D.Continue reading “ISN’T THE PSYCHOLOGY AND MATH OF MONEY AMAZING? IF WE HAVE A SINGLE SHARE OF A $5 STOCK AND THE PRICE RISES TO $10 (ie a 100% increase, or doubling your money), TO ALMOST ALL IF US, THIS IS NOT A LIFE-CHANGING AMOUNT OF MONEY. HOWEVER, IF WE HAVE 10,000 SHARES OF THAT SAME $5 STOCK, AND THE STOCK PRICE DOUBLES, NOW OUR INVESTMENT OF $50,000 HAS DOUBLE TO $100,000. TO ALMOST ALL OF US, THIS WOULD BE A LIFE-CHANGING AMOUNT OF MONEY. THE SAME STOCK, SAME STOCK PRICE, SAME STOCK PRICE INCREASE, BUT DRAMATICALLY DIFFERENT IMPACT ON ONE’S LIFE. ALL OF THIS DUE TO TO THE INITIAL, OR CUMULATIVE, TOTAL DOLLAR AMOUNT INVESTED.”
THE ABSOLUTE VALUE OF MONEY IS NOT NEARLY AS IMPORTANT AS THE FUNCTIONAL VALUE OF MONEY.
The same $1 bill (absolute value) is able to purchase dramatically different goods and services (functional value) now versus 30 years ago. It is much easier to count and compare the absolute value of money than it is to calculate and compare its purchasing power. HOWEVER, what almost all of us really care about isContinue reading “THE ABSOLUTE VALUE OF MONEY IS NOT NEARLY AS IMPORTANT AS THE FUNCTIONAL VALUE OF MONEY.”
WHEN SOMEONE IS IN FINANCIAL TROUBLE, MANY OF THEIRTHOUGHTS, BELIEFS, AND ACTIONS DO NOT MAKE FINANCIAL SENSE, BUT DO MAKE SENSE WHEN WE TAKE INTO ACCOUNT THAT PERSON’S LIVED HISTORY AND THEIR EMOTIONS.
Charles Tadros, M.D. July 12, 2021 Saint Louis, Missouri