Your Debt Emergency
I received this question by email a few months back. I sent a very nice reply, some of which is included in the "answer" to this question. However, the more I got to thinking about this, the more I th...
I received this question by email a few months back. I sent a very nice reply, some of which is included in the "answer" to this question. However, the more I got to thinking about this, the more I th...
By Dr. James M. Dahle, WCI Founder Earlier this year, Thomas J. Anderson published a follow-up to his "NYT Bestselling" book The Value of Debt called The Value of Debt in Retirement. (Interestingly, b...
The first goal for most doctors is to get back to a net worth of zero. It will be far easier to do that if you don't have any credit card debt and if you "go nuts" on your student loans for your first year or two out of residency.
By Dr. Amanda Liu, Guest Writer I am an ordinary hard-working resident who has been blessed with the motivation to be debt-free. I attended a medical school in a high cost of living area (rent of $170...
By Dr. Jim Dahle, WCI Founder A medical school graduate recently published an account of the financial disaster she is facing due to a failure to match into a residency program two years running. Afte...
I'm a big fan of debt-free living. Probably too big of a fan, actually. I know of at least one financial error I've made because of a general abhorrence of debt (can anyone say HPSP?) At this point in...
Should you go for forgiveness or try to refinance student loans? When should you pay off debt vs invest? Here are the 10 best ways manage your debt.
As a general rule, I recommend against residents buying a home for a number of reasons. However, there are exceptions to every general rule. More recently, I have become aware of a program that makes...
[Editor's Note: This is a guest post from Eris Saari, President of AmeriFund Home Mortgage, LLC based out of New Jersey. He has been doing residential mortgage lending for 25 years. We have no financi...
Many other high income professionals are eligible for physician mortgage loans. This loan allows less than 20% down without PMI, is issued with a contract rather than proven income, and generally ignores the student loan burden.
[Editor's Note: Doug Carlsen, DDS, is a dentist who retired at 53. He is a new columnist at The White Coat Investor. This is his second column. Let me know how you like his articles by email or in the...
Let's Call Your Debt to Income Ratio what it Really is: Your Debt Slave Ratio. That's really what debt is since the borrower is slave to the lender.
[Editor's Note: This article was originally published in the ACEP Young Physicians Section Newsletter a few months ago. There isn't an electronic copy of the newsletter to link to, so I've decided to...
A home is an investment, for better or worse. It has expenses, has capital gains (or losses) and pays dividends (saved rent.) Invest wisely.
I recently had an article published on The Student Doctor Network (SDN) entitled Financial Considerations For the Student Doctor. It is aimed squarely at medical students and their financial needs, b...