Being a Medical Director is more than collecting a monthly paycheck. One of the most popular questions that I receive is how to make extra money as doctor. While there are many ways to make extra cash, becoming a medical director always seems to come up as a possible “easy” way to make money. While there are some perks, including financial benefits, there are also several risks to becoming a medical director.… Read the restRead more
After 11 months of searching for a house, I’ve finally bought a home. The paperwork associated with buying a house is most likely not as difficult as soon to be new home owners think. The hardest part of the process was finding a house that I wanted to buy. For those who have been following this website, you know I’ve been searching for a long time.… Read the restRead more
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 restRead more
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 restRead more
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 restRead more
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 restRead more
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 restRead more
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 restRead more
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 restRead more
Investors enjoy looking forward to future gains. The past can have little to do with predicting the future. However, it’s fun to play with some statistics to see how a portfolio would have fared in previous boom or bust cycles. A website aims to put a little perspective on portfolios. For investor, I find it interesting to see how a portfolio would have fared in a boom or bust cycle.… Read the restRead more