The Tale of Two Doctors: The First Paycheck

tale of two doctors

You’ve made it to your first attending pay check. Great! Now what? Is it really that important to start investing? Surely I can enjoy the big pay bump. Let this Tale of Two Doctors answer the question “What do I do with my first paycheck”? Come join Dr. Jones and Dr. EFI as they tell their tale.

Introducing The Monthly Checkout

The Monthly Checkout

In medicine, we have to handover care to the physicians coming behind us.  At least, for those of us that do shift work that is true.  Just like we run the list to check out on the patients we are taking care of, we will run a list of articles I think you should read.  So, this will be the first of many Monthly Checkouts where I hand select articles that I really think are worth checking out to you. 

A Book Review: The Doctor’s Guide to Eliminating Debt

Book review

Little did Dr. Fawcett know, that book would lead him on a journey to pay off all of his debt in less than six years.  This led him to write a guide specific for doctor’s called The Doctor’s Guide to Eliminating Debt.  Today, I’ll review Dr. Fawcett’s book and tell you if I think it’s worth the read.

Welcome WCI Readers–>Fellowship: Worth the Return on Investment?

Writing A Guest Post

Today’s post can be found on White Coat Investor where I discuss Fellowship Opportunity Cost. In other words, how much does it cost you (debt, investments, and otherwise) to pursue a fellowship. I even include a calculator to help you figure it out! Let’s calculate your Fellowship Opportunity Cost today.

Financial Mistakes: It (mis)takes one to know one!

Financial mistakes

We are going to discuss five financial mistakes that I have made in my life and the consequences of each mistake.  I want you to read this in a certain light, though.  The light is this: You, too, can make it to financial independence despite making stupid mistakes like me.

The Four W’s of PSLF: Student Loan Refinacing Part 1

Don’t we all remember the most important money saving tip?  You know.  If you just brew your coffee (or tea) at home while you are a medical student and resident instead of going to Starbucks, you could save thousands of dollars on your medical school debt. We’ve got some talking to do: Student Loans Part 1.

All Insurance Agents Are Not Created Equal

[This is a guest post from Lawrence B. Keller, CFP®, CLU®, ChFC®, RHU®, LUTCF. It is a basic post, but drives home a solid point, which is to discuss how to choose the insurance sales person with which you should work. Given that I’ve had some bad experiences with an insurance salesman myself, I thought … Read more

TPP Net Worth Update: 6 Months Out

This is my first of (at least) quarterly TPP Net Worth updates. This will help hold me accountable, help provide transparency to my readers, and hopefully provide those coming behind me some proof that financial goals can be achieved in a way to make both the head and the heart happy!

Should I go to medical school?

Should I go to medical school?

It is a common question asked by those thinking about going into the field of medicine, “Would you go into medicine again if you did it all over?” Sometimes they ask, “Would you tell your son or daughter to go into medicine?”  Today we are going to look strictly at the financial aspect of this decision.