admin, Author at InvestingDoc

Earnest Has Been Acquired By Navient for $155 Million

October 6, 2017October 5, 2017 admin 1 Comment earnest, refinance, refinance student loans, student loans

Navient, the Sallie Mae spin-off created in 2014, this week made public that they bought student loan refinancing company, (Earnest) for 155 million dollars. This is a major step for Navient, which previously has focused on servicing and collecting federal or private student loans. The acquisition now allows them to start originating loans in addition to servicing them. The market seem to of had a lukewarm reaction by evidence of its stock, NAVI, dropping 14% the day this was announced.… Read the rest

personal finance

Houston, We Have A Convenience Spending Problem

October 4, 2017October 3, 2017 admin 4 Comments personal finance

Paying for the convenience of purchasing an item, I would bet, is costing you big bucks. Amazon has become synonymous for purchasing goods at a convenience. Their one click patent, gave their customers the availability to buy an item and have it shipped to them with only one click. Though Amazon was not the first, they were definitely one of best to pioneer convenience buying.… Read the rest

Blog

Avoiding Delay In Hospital Credentialing

September 20, 2017September 19, 2017 admin 2 Comments credentialing, Locum Tenens

Credentialing at any hospital can be a time intensive and a frustrating process. Doing locum tenens work on the side, I have already been through this process several times in the past year. In order to minimize any time delay between submitting the application and being credentialed, there are some documents that should be readily available to submit upon request. I’ve created a list of all documents needed by most hospitals to streamline the process.… Read the rest

personal finance Retirement

Build The Life You Want, Not The Bank Account You Want

September 18, 2017September 17, 2017 admin 13 Comments personal finance, retirement

It’s easy to lose sight of the big picture with investing. While building investment portfolios, sometimes it’s easy to forget to build the life you want, not the bank account you want. Like many others, I love reading other blogs focused on early retirement, financial independence, or frugal living. In fact, I enjoy it so much that I started this website to help others with personal finance and investing.… Read the rest

personal finance Practicing physician

A Caution For Doctors Entering Into A RVU Based Contract

September 15, 2017September 14, 2017 admin 4 Comments

Doctors’ paychecks are often structured in one of three ways. Salary only, salary plus incentive bonuses, or production only. RVU (Relative value unit) is a method the United States Medicare system uses to value reimbursement for physician services. Some physician contracts, such as my contract, is 100% based on production, or how many RVU’s I bill for.

There are advantages and disadvantages to each system. … Read the rest

Blog Fun Friday

Fun Friday: Doctors Who Homebrew Beer

September 8, 2017September 7, 2017 admin 2 Comments fun friday, homebrew beer

This Fun Friday post will be about doctors who homebrew beer. Every so often I post a lighthearted, but yet financially related topic. In the past decade the hobby of brewing beer has seen a huge surge in popularity. With the surge in home brewing beer, there has also been a surge in the number of craft breweries created by those who may have started as home brewers.… Read the rest

personal finance

Financial Impostor Syndrome Post Graduation

September 6, 2017September 5, 2017 admin 2 Comments Impostor Syndrome

It’s that time of year where newly graduated physicians have started their first job as an attending. The sudden change is in many ways as drastic as entering medical school. Suddenly, there are a whole new set of problems to conquer and a feeling that, just maybe, other people are better than you at tackling these problems.

If you have no idea what I’m talking about, then consider yourself lucky.… Read the rest

Practicing physician

The Growth Of Administrators In Health Care

August 23, 2017August 22, 2017 admin 9 Comments administration, health care jobs, private practice

I’ve recently seen a graph that was pretty jarring to say the least. The graph below has been copied in many different articles in the past years. The main claim in this graph is about explosive growth of administrators in health care positions. The growth of administration has increased since Medicaid and Medicare came into effect. However, I cant help but wonder how much of the growth is overblown or real.… Read the rest

personal finance Practicing physician

The Golden Handcuffs For Doctors – Loan Forgiveness

August 21, 2017September 4, 2017 admin 7 Comments

Graduating doctors often have a significant problem to overcome – student loan debt. Many new doctors will not consider a job unless there is some form of debt repayment or ability for debt forgiveness. Jobs that offer debt repayment can end up being a golden handcuff that keeps new doctors attached to their job for potentially longer than they would like.… Read the rest

Medical School personal finance Residency

When The Amount Of Medical School Debt Seems Hopeless

August 18, 2017August 17, 2017 admin 5 Comments

Graduating from residency or fellowship with large amount of student debt can feel a lot like standing in front of a mountain. It’s hard to see the end when the debt load is overwhelming. Most of the people I know who have over a quarter million in debt fall into one of two categories. The first group is individuals who feel that the amount of medical school debt seems hopeless.… Read the rest