This is a story familiar to us all. We watch (or anticipate watching) our paycheck jump in size after we finish training. We then make all of the lifestyle changes to accompany the big increase. This is the big dilemma. Today we will discuss a better way.
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.
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.
The best advice is specific to each person’s situation. Come take a peak as I discuss two people’s situations and how I gave opposite advice to each of them. Why would I do such a thing? Personal finances are personal.
Making big financial decisions can be tough. Particularly during residency. Sometimes we want to take the big trip. Or buy the nicer car. Is being frugal really worth it?
Fire is a passionate and unforgiving substance. It...
I got really fired up after reading a post by WCI that mentioned money as a taboo topic in medical training culture. It’s time academic attending physicians made a change, took responsibility, and stopped sucking at our jobs.
REPAYE or PAYE? If you are married to someone else who earns an income, this can complicate which student loan program you should use to pay back your loans. If you are both paying back loans and making an income, it gets even more complicated! This post is here to help you figure it all out.
Student loans can be forgiven in a variety of ways. Most people focus on Public Service Loan Forgiveness (PSLF), but this is not the only option for student loan forgiveness. This epic post explains all.
As a PGY-4 in my anesthesiology residency, I easily doubled...
The Physician Philosopher Book publishes soon! Come find out how to snag a free copy. I want this book to be helpful for as many people as possible. So, share the details with your friends, too. Oh, and you won’t believe who is writing the foreword!
Teaching personal finance in training can be a touchy subject. While people mean well, they often bring with them misconceptions about teaching personal finance. These misconceptions prove problematic if we don’t respond…