Saving money is tough. Saving money during residency might be tougher. But is also might be more important. Join along as we discuss the importance (and benefits) behind investing during residency.
physician finance
Should I Invest in My 457 Plan?
Investing in your 401K/403B is a straight-forward decision, even if you are loaded up with debt. A much more complicated question to answer is whether you should contribute to your company’s deferred compensation 457 plan. Today’s post will answer the question, “Should I invest in my 457?” The What, when, and why.
Can I trust PSLF? The PSLF Side Fund
A recent area in physician personal finance that has the same dilemma, which requires the Trust, But Verify method is PSLF (Public Service Loan Forgiveness). People often ask, “Can I trust PSLF?”  My answer? Have a back-up plan.
And trust, but verify. Let’s dig in.
Proof is in the Pudding: Live like a Resident
It’s often said, “Live like a resident during and after reisdency!” But where’s the proof that you should live like a resident after residency? Well, the proof is in the pudding. Let’s look at the ingredients to see if that math adds up.
It’s Wrong for Doctors to Retire Early
Today’s post strikes deep into the heart of the message on this site. Some people attack doctors who plan to achieve early financial independence and retire early. In fact, I’ve seen some people say that its wrong for doctors to retire early. Them is fighting words to me. Agree? Disagree? Come find out.
The 10% Rule: Limiting Lifestyle Creep
If we ignore the desires of our heart and deny our ability to enjoy anything, this places us in an uncomfortable disposition towards discontent. Likewise, if we ignore the head we are destined towards financial ruin. Let The 10% Rule make both your head and your heart happy.
6 Tips for Starting a Physician Side Gig
Many doctors have asked me how to start their own business. Whether it is a blog, podcast, book, course, or a new consulting business… having a physician side gig can prove powerful in providing you the financial freedom you deserve. Click here for some tips on how to get started.
5 Tax Deductions for High Earners (plus a Tax Hack)
Taxes often feel like the enemy around this time of year, particularly for high earners. However, there are some great ways to minimize your tax burden. This post has 5 of them plus a 6th tax hack.
Partner, Parent, or Physician? A False Dilemma
Many of us in medicine feel compelled to choose between being a good partner/parent and a good physician. Do we really have to choose, though? Are there ways financial freedom can help us find better balance? Let this post help you out. Click here to keep reading.
6 Disability Insurance Riders You MUST Have
Readers sometimes ask me if they have a good disability insurance policy. I would argue that you should start with this post and check if you have these 6 must-have features in your disability insurance policy…
Paying Yourself First – 6 Ways to Automate Your Financial Life
If you aren’t automating your financial tasks, you are likely leaving money on the table. Learn 6 ways to pay yourself first, so that you can find efficient financial success.
Creating A Personal Finance Curriculum: 5 Questions
Over the last year, I’ve created a 10-week personal finance curriculum for the 4th year med students at Wake. If you’ve ever thought about doing something similar, here are 5 questions you should ask yourself before getting started.
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