I splurged and bought a drone

There are some occasions where it makes sense to spend a little extra. Buying tires for cars, a quality mattress, good shoes, and good food are all times when paying for quality doesn’t seem like a bad idea. After years of being frugal I finally spent some money on a purchase that serves no other practical purpose but my enjoyment. This week I bought a DJI Mavic drone.… Read the rest

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An update on my debt payoff

What a difference several months can make. It seems like it was not long ago I ran out of money waiting for my first paycheck and now I have six months of money saved up while I have dramatically increased my debt payoff. I couldn’t have done it without living frugally while having a huge increase to my income. Several people have asked about my debt payoff is going, so I decided to provide a post to update how things have been going and where I plan to attack my debt in the future.… Read the rest

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How I Lost My Rental And Friends To A Deal Gone Bad

No one ever thinks they would fall for a scam or enter into a bad deal…but it looks like it happened to me. Several of you have emailed me asking why there have not been any new posts this past week and the reason for that was the situation discussed in this post. Don’t worry, I plan to continue with new posts every MWF.… Read the rest

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Expert In Medicine Does Not Equal Expert Investor

When I was fourteen I recall working a job with my grandfather on a newly built house. We were wiring the house for electricity since my grandfather is a plumber and electrician by trade. He yelled at me,  “Do you have the wires screwed into the socket yet?” He told me which wire goes in what location but me being fourteen with quitting time on my mind I soon forgot which one went where.… Read the rest

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Why you should have a lawyer review your employment agreement

Employment agreements, or a contract, is a written document that details many aspects of a physician working for a group. The agreement can have the physician as an independent contractor or as a paid employee. Beyond that, the devil can truly be in the details. Here are the reasons why you should have a lawyer look over this agreement before signing one.… Read the rest

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A new phase: Monk Mode

The phrase has been adopted by several groups since made popular in the early 2000’s. Monk mode is defined as “The state of being completely focused on and only on training.” The purpose of this phase is to rid oneself of distractions and get back to the core of whats important to that persons life. With my previous post as a primer, I have since decided to give monk mode a try to help focus on the important aspects of my life and get rid of distractions.… Read the rest

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15 vs 30 year mortgage for doctors with student loan debt

Some recent graduates desire buying a home soon after finishing residency. After delaying “real life” for so many years, many are tired of renting or need more room for their growing family. For physicians, there are many lenders that offer doctor mortgages with little to no money down. Most individuals interested in personal finance advocate to spend a maximum of 2 to 3 times gross earnings on the purchase price on their new home (including other debts).… Read the rest

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