Equilibrium Insider - September 21, 2023
Equilibrium Wealth Advisors
Wealth Management firm serving physicians, retirees, corporate leaders, and business owners.
Market Commentary
Adding new ingredients to the economic blender.
The performance of United States economy in 2023 has been as unexpected as a lentil-avocado-cinnamon smoothie – a tasty surprise. Last week, economic data suggested the Federal Reserve may need to do more to slow the economy. The consumer price index showed inflation edging higher, wholesale inflation was higher than expected (largely due to higher energy prices), and retail sales were healthy.
FIN-LYT by EWA Podcast
In this episode of FIN-LYT by EWA we are addressing a crucial topic for many of our clients: why physicians (and high income earners) should invest time in understanding and negotiating their employment contracts. The years of dedication and financial investment it takes to become a physician uniquely prepares individuals for their career but does not train them in contract negotiation.
The financial stakes are substantial, and a well-negotiated contract can mean the difference between hundreds of thousands or even millions of dollars over your career span. Money that can be directed toward paying off loans or securing your family's future. Physicians often sign contracts with institutions where they trained, creating personal ties that make negotiations uncomfortable.
Decision fatigue can also cloud judgment after years of hard work and the want to finally receive their first “Attending paycheck”. Whether you're a new physician or a tenured professional renegotiating, this episode offers invaluable insights into why contract negotiation is essential to securing your financial future.
EWA BLOG
Secure your family's financial future with proper Estate Planning! Discover the key differences between Revocable and Irrevocable Trusts, and the game-changing benefits of Spousal Life Access Trusts (SLATs). Learn how to navigate Estate Taxes, State Taxes, and more in our latest blog post. Don't miss out on this essential information!
领英推荐
What We're Learning
By: Stephen R. Covey
Team Takeaways
This book offers invaluable insights on personal organization and time management and introduces a practical framework with four quadrants, highlighting the importance of focusing on quadrant 2 (Important, Not Urgent) to achieve greater productivity and satisfaction.
The book shifts the perspective from time management to priority management, emphasizing the significance of allocating time and energy to what truly matters. Covey provides a transformative approach to living a more fulfilling life by effectively managing priorities and reducing unnecessary time spent in less productive quadrants.
The Four Quadrants Include:
1. Important and Urgent
2. Important, Not Urgent
3. Urgent, Not Important
4. Not Urgent, Not Important
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