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.
The item I want to discuss today is a continuum from our discussion on minimizing debt during residency. It really isn’t just a drop in the bucket. I want to show you why it is so important to save what you can during residency. In fact, I want to make an argument as to why you should invest in residency
On a recent forum that I visit, a poster questioned everyone on whether it was worth taking a big trip to Europe after finishing his first licensure exam (USMLE Step 1). What the person was really asking is…. “Is it worth it to minimize debt?” That’s what we will discuss today.
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.
When I was in residency, residency refinancing companies did not exist. If you read part 1 of this series or are considering private refinancing options, then this post will help you pick the best company for you.
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.
[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