Doctors, bankruptcy and alcoholism
A journalist asks about the financial and investment decisions causing physicians to file for bankruptcy. How could highly educated doctors succumb to such financial devastation?
My first book, "Drunks, Drugs & Debits: How to Recognize Addicts and Avoid Financial Abuse", details story after story of financial abuse by alcohol and other-drug addicts. I'm well qualified to have analyzed such stories, since I'm an Enrolled Agent (tax pro), Certified Financial Planner and addiction researcher. I found that almost every instance of financial disarray in my clients' lives over the years resulted from alcohol/other-drug addiction either in the client or in a person who financially abused my client.
Unfortunately, most doctors seem to think they need a CPA to do their tax work, ...
