A few years ago my mother underwent an elective surgery. She had a posterior hernia located on the left side of her back behind her kidney. This over time was starting to become a cosmetic issue for her and increasingly painful as the size of the hernia grew. She decided to seek medical attention for surgical repair. Both her and my father have been long time insurance policy holders for over ten years with the same company.… Read the rest
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On an occasional Friday I plan on change the mood a little by posting something fun with a financial twist. These post will be lighthearted to focus on activities rather than investing or personal finance. This post I would like to focus on gaming and its ability to bring doctors together with a short mention of the financial implications.
Gaming has come along way since my first regular Nintendo console.… Read the rest
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Student debt for doctors continues to increase year over year, often above inflation (Source: AAMC). Hearing cases where doctors graduate with $400,000 in debt 10 years ago was almost unheard of. Now, it unfortunately seems to be increasingly common with some dual physician couples coming close to a million dollars in student debt. The number may seem overwhelming but if you follow the steps below, its possible to eventually become debt free while still enjoying your career.… Read the rest
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February was a big spending month for me, actually the biggest yet excluding months when I took a vacation. In February I spent $902.17 on items or experiences that can only be classified as wants and not needs. If you think spending $902 on restaurants and going out with friends is out of control I would say that I completely agree.… Read the rest
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The fiancée and I are getting closer to saying “I do” and part of our conversation of things to do before the wedding turns into a discussion about finances. I run a personal finance and investing blog for doctors, so this should not be a huge surprise to my readers. Luckily, my future spouse and I appear to be almost on the same page financially with our wants and needs.… Read the rest
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Since the inception of this website there has been one major change to the website in layout but no changes to the logo or header. I’m happy to announce the newest change, the new logo and header for the for InvestingDoc website. The theme for the website is personal finance and investing for physicians. I think that the logo and header do a better job of exemplifying the purpose of the website.… Read the rest
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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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While searching for the first job right out of residency new doctors are often focused on money and location. The student debt has to get paid down somehow. This is also the first time in a decade a new doctor may have a choice where they live without entering a wish list into a computer system. Money, location, and schedule is important.… Read the rest
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Choosing to enter into the medical profession for a primary reason of financial compensation would be considered by many a poor decision. Publications like this one from CBS add to the plethora of posts online about how a large number of doctors would not choose to enter into the medical profession again if they could do it all over, mainly for decreased reimbursements.… Read the rest
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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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