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A Great Book On Contracts

A Great Book On Contracts As a physician you'll be entering into a number of contracts during your career. The most important one is probably your employment contract. Physicians are poor negotiators...

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Maximizing FDIC Insurance

The Federal Deposit Insurance Corporation was started during The Great Depression to prevent runs on banks and to provide for an orderly transition when banks fail.  Before then, you had best pick you...

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The Finances of this Blog

The Finances of this Blog This blog has just finished its third month.  I started the website on May 13th.  I published my first blog post on May 17th, 75 days ago.  I also began tracking page views o...

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Online Savings Accounts

Online Savings Accounts Cash.  Everyone needs  it.  It takes many forms.  Perhaps you have $50 in your wallet, and a few thousand in your checking account.  Hopefully you've got an emergency fund some...

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Umbrella Insurance

Umbrella Insurance In general, you should self-insure whenever possible and then insure really well against the financial catastrophes out there.  Your refrigerator dying or your iphone being lost are...

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Disability Insurance- Part 5

This is the 5th in a series on disability insurance. Previous installments can be found here.  This will discuss how much disability insurance to buy, how to pay for a policy, and when to cancel the p...

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Limit Your Investment In Gold

Gold!  Gold!  Gold!  It seems you can't look anywhere these days without someone talking about gold and how you should melt down your jewelry and sell it or buy some to protect your portfolio.  Many w...

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The Stretch IRA

The stretch IRA is not really an investing, or even a retirement topic, but more of an estate planning tool. To understand how it works, you have to learn the rules behind inheriting an IRA. When you...

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10 Reasons Why Residents Shouldn’t Buy A House

Graduating medical students (and especially their spouses) have a burning desire to buy a house to feel like they've finally made it. If they're smart, they'll curb it. Buying a house in residency is a huge gamble of your time and money at a period of life when you have little of either..

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Live Like a Resident

The secret to becoming a wealthy physician is contained in these four words: "Live Like A Resident." If you're earning like an attending, but spending like a resident, you will become very wealthy, very fast.

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Meditation on the Enclosure

The X Factor

Financial knowledge isn't enough. Without the X Factor, you'll never reach financial success. Motivation breeds hard work and discipline, which in turn breed wealth.

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REPAYE Case Studies

Guest blogger Dr. Wise Money explains how REPAYE works and shows how you can decide if it is right for you. The lower your income and the higher your debt, the more likely REPAYE is for you.

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