Would You Encourage Your Child to Be a Doctor?
Would you encourage your children to pursue a career in medicine? What about in your specialty? Here are a few important things to think about as we guide our children.
Beginning your financial journey and learning about personal finance can seem awfully overwhelming. But instead of trying to solve the entire puzzle at once, it’ll be easier (for your mind and for your psyche) to break it down into sections that are more easily digestible.
Would you encourage your children to pursue a career in medicine? What about in your specialty? Here are a few important things to think about as we guide our children.
Women face not only discrimination but also simple gender differences that can dramatically affect the life of successful high income professionals.
Want to be skinny? Do what skinny people do. Want to be rich? Do what rich people do. Find out what that is here. Money isn't happiness, but it can relieve a lot of misery.
Here is a self-assessment survey for graduating residents to rate themselves on financially. Take this quiz and see how you compare to your peers!
This medical student lived in an RV for a year to see the country and save money. It worked out pretty well.
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Doctors can't spend nearly as much as they think if they eventually want to become wealthy. Resist the temptation!
While it might not be the Final Hurdle, there is no doubt that understanding your physician employment contract is extremely important. Read this book to learn more.
Are you worried about your parents lack of financial acumen and resources? Wondering what you can do to help? Read this for some specific ideas of what you can do.
Should you get rid of all your debt before you retire? Maybe not says this controversial new book. But there are risks involved.
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.
Really want to minimize your medical school debt? Here's how to do it—take out only as much as you need and do it as late as possible. Credit cards can help.
This book makes excellent points about being an entrepreneur and spending your life doing that which will make you happiest. If you want look at alternative philosophies to Bogleheadism, it isn't a bad place to start.
You can still be successful financially when you work and live in a very high cost-of-living area. Read this to find out how.
Here are ways to improve your chances of matching into a residency program and what to do if you do not match. When dealing with a medical school catastrophe the best thing to do is to prevent it. Any med student who is paying attention should see this type of risk at least a couple of years out.
It seems a shame to make a physician salary and spend 80 years living like you're a resident. Luckily, you don't have to do this to be financially successful. You do have to be relatively frugal.
Medical school may not have taught you about money, but we will.
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Get ready to take control of your financial life. You can do this, and we can help.
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