Category Archives: Finance

How to save money when moving for residency

3 Shares Share Tweet Share Here are some specific ways for medical trainees to save on their move. Timing is everything When is the exact timing of your move? Are you flexible? Think about your situation: you graduate medical school, pack up, and then move for residency. Right? Most moving companies are busiest (read: most … Continue reading

A physician’s advice on extra cash flow

4 Shares Share Tweet Share When it comes to destroying debt, many of us are familiar with the two most common methods to pay down debt. Many choose the debt snowball method where you pay off your smallest debt first while paying the minimum on others. Once that first debt is gone, you roll that payment … Continue reading

How a surgeon taught his kids the value of money

25 Shares Share Tweet Share When our kids were in the 5 to 9 age range, we used to buy each of them a souvenir on our vacations. They always wanted the most expensive item in the store, a great big teddy bear that cost $400. We would tell them no, they needed to pick … Continue reading

Pro tips for residency or fellowship relocation

8 Shares Share Tweet Share Each spring, thousands of students and residents will relocate for their next career stages facing the same question: How am I supposed to move my stuff? The answer is varied and can be surprisingly complex. Relocation is part of any industry, but medical trainees, in particular, relocate during a narrow … Continue reading

Pro tips for residency or fellowship relocation

8 Shares Share Tweet Share Each spring, thousands of students and residents will relocate for their next career stages facing the same question: How am I supposed to move my stuff? The answer is varied and can be surprisingly complex. Relocation is part of any industry, but medical trainees, in particular, relocate during a narrow … Continue reading

How to make $5 million from investing in real estate

36 Shares Share Tweet Share When I first started working on this blog post, the working title was “Different Ways to Make $1 Million in Real Estate.” However, I realized that if you’re reading this, you’re likely looking for a similar type of life that I’m interested in: a life of financial freedom where I’m … Continue reading

No doctor should have to side hustle to make a good living

9 Shares Share Tweet Share I would have thought that all doctors are on the same page about being overworked and underpaid, but I was surprised to read on a recent physician forum that some doctors claim that our profession overall is compensated adequately.  Complacency tends to kill innovation, but hey, to each her own. … Continue reading

My residency spending plan: a new way to think about budgeting

20 Shares Share Tweet Share As a young professional with many competing expenses, it is paramount for me to prioritize my spending. However, adhering to a strict budget can seem a bit daunting and restrictive. To get over this anxiety, I started out with a spending plan that mirrors the “50-30-20 rule” by allocating money … Continue reading

The benefits of passive over active investing for busy professionals

43 Shares Share Tweet Share Each of us has limited time, resources, knowledge, and experience. As physicians, the majority of our time, along with our resources, has been devoted to our medical education and clinical practice. Real estate syndications can be an attractive investment vehicle for busy professionals who do not have the time or … Continue reading