Dr. Daniel Smith shares some of his smart, and a few of his not so smart, money decisions made during residency. Learn from them and set yourself up for financial success.
Today I'm presenting "waterfalls" for both residents and attendings. Waterfalls are simply lists, or rules of thumb, for knowing what to do with your money, time & life energy.
Graduating residents need to pay off their loans efficiently, use a 15 year mortgage, and max out their retirement accounts. If you have any dreams of a nice retirement, paying for your kids’ college tuition, or traveling around the world at your hearts’ content, then heed this advice.
I attended the local residents' night seminar put on here at the local medical school. I ran into a friend from my med school class who was in charge of part of it so it was just like the good old da...