personal finance

Investing Medical School personal finance Residency 

The Federal Student Loan Relief Program Is Live

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The Department of Education on 10/17/2022 launched the application for the federal student loan forgiveness program. Borrowers who qualify may see relief in as soon as 6 weeks. While most attendings that have been practicing a while will not qualify, this will be important for residents, fellows, and APPs.

What is Federal Student Loan Debt Relief?

A program that provides eligible borrowers with full or partial discharge of federal loans up to $20,000 to Federal Pell Grant recipients and up to $10,000 to non-Pell Grant recipients

What Does It Take To Qualify For Federal Student Loan Relief?

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Practicing physician Residency 

RVU Based Contracts And What To Avoid

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Flat salary compensation models are becoming less common. Instead, production models have become much more popular. These contracts are often called an RVU based contract. Today’s post I will go through RVU based contracts and what you need to know to avoid in these contracts.

RVU

When you submit a bill to insurance companies, they assign a value to each code.… Read the rest

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farm
personal finance 

Houston, We Have A Convenience Spending Problem

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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

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life you want
personal finance Retirement 

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

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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

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financial fellowship for doctors
personal finance Practicing physician Residency 

Completing A Financial Fellowship

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In many ares of medicine, there is the ability to undergo additional training for specialization. For most specialties, additional training via fellowship usually means increased income. One example of increased income is a physician who completed an internal medicine residency and then goes on to complete a cardiology fellowship.

Internal medicine is a 3 year program. Cardiology is at minimum another 3 years of fellowship beyond internal medicine training.… Read the rest

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Life one year post residency
Debt expenses Practicing physician 

One Year Post Residency Financial Update

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There is no better time than now to give a financial snapshot of what life looks like one year post graduation. One year ago, I graduated from residency and was anxiously wondering how things were going to work out. I signed a contract with no guaranteed income which had me worried if I would make as much money as I hoped for. … Read the rest

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Blog personal finance 

My Spending On Fun Expenses Was Out Of Control Last Month

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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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personal finance 

Poor Financial Decisions by Students and Doctors

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As a resident and even medical student there were no shortage of poor, sometimes borderline nonsense financial decisions by my colleagues. Since I’m pointing the finger at others, I will also admit that I am not totally immune. I made one poor financial decision (spent more on vacation that I should have). This post will explore some of the comment ways that we blow money and why they are often poor decisions.… Read the rest

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