Author's posts
A physician’s money goals for 2022
It’s 2022, and many of us want this year to be better than last year. Instead of just hoping this happens, let’s make some realistic goals and put steps in place to achieve them. Here are some of my 2022 goals: 1. Continue to invest at leas…
Healthy ways to reduce stress during match season
Trying to match into residency or fellowship can be stressful. I’ve gone through the match once for residency, and I’m currently going through it a second time for fellowship, so I understand your plight if you are going through it too. The…
My 5 residency money goals
As resident physicians, many of us are overworked, underpaid, and trying our best to make it through. While this time has its ups and downs, we can’t lose sight of the bigger picture. One of the best things we can do during residency is laying the foun…
5 financial truths every resident needs to know
July 1st is here, which means it’s the start of a new residency year. For interns, things can be nerve-wracking and scary. You may wonder if you remember enough information from medical school and hope you arrive at the right place at the right time th…
5 tips to become a millionaire
1. Setting up automatic investments. The vast majority of young millionaires achieved their financial status by investing money. Unless they are a celebrity or were born into a wealthy family, they had to be diligent about investing money either in the…
Why residents should invest in a 403(b) and a Roth IRA
As a young professional who is trying to build wealth, I invest money. Although there is a myriad of different investment accounts and strategies, I invest in index mutual funds through my employer-sponsored retirement plan and my own Roth IRA. Yes, I …
5 questions to ask before you hire a financial advisor
Many young professionals are quite busy and don’t want to spend what little free time they do have learning the ins and outs of investing. If you, or someone you know, plan to hire a financial advisor to handle your money, there are 5 questions you sho…
9 things I learned when I signed up for public service loan forgiveness
As someone who graduated from medical school with six-figure student loan debt, I’ve looked into several different loan forgiveness programs that will help repay what I owe. One of the most popular loan forgiveness programs is Public Service Loan Forgi…
3 ways the wealthy increase their net worth
While the coronavirus pandemic has created financial strain for a lot of low-income and middle-class Americans, many wealthy people don’t seem to be as affected. The stock market is doing relatively well, and many of the world’s richest people are gett…
Automatic savings is one of the best decisions you can make
When I graduated from medical school, one of the best decisions I made was to set up automatic savings. I made a budget that had about 25 percent taken away in taxes, decided to live on 50 percent of my income, and made the bold move to have the remain…
