The medical journey offers many opportunities to make some big moves, whether it’s to start medical school, residency, fellowship, or for that first “real” job. A move, especially one across the country, requires a good deal of planning. You will undoubtedly have many questions. How do I move my stuff? How do I find a place to live? What about my cars? The list goes on and on. Continue reading “How To Manage A Cross-Country Move”
If you are having difficulty making your federal student loan payments, the worst thing you can do is ignore the problem. Help is available. For many borrowers, payments may be reduced under one of the Income Driven Repayment Plans (IDR Plans) offered by the Department of Education. The lower your income, the lower your payments will be. Continue reading “How to Choose the Best Income Driven Repayment Plan”
Financial advisors and wealth managers are not just for rich people or for investing in llama futures and bitcoin loan sharks. Health professionals have complicated financial lives. Huge debts, job search expenses, salary negotiations, moving costs, nanny salaries, high rents and mortgages near the medical center, wedding expenses, and even unforeseen costs like car accidents can make investing and saving for retirement seem decades away, but a wise planner can be a great resource while a veterinarian or anesthesiologist concentrates on her practice. Good financial planners excel at calming their clients down, getting clients sorted out with insurance policies (that they actually need), and making savvy decisions for the future. How does one find that person who is a walking Wall Street Journal/therapist? Continue reading “How to Find a Financial Advisor (And Why You Need One)”
Medical school, graduate school, dental school, any graduate or professional school: they are all expensive! Many students are only able to pay for their education by taking out loans and living on a strict budget. The financial decisions and habits made as a student can make a major impact on future financial stability. Here are some suggestions I have learned through reading and experience to help steer towards good practices. Continue reading “Personal Finance Tips for Healthcare Professionals”
Student loan debt is increasing for college graduates every year. But for those who study medicine and health sciences, the numbers are staggering.
According to a recent study, graduating medical students are starting their careers with about $164,800 in debt, on average. Even with high starting salaries, that can be an overwhelming amount of student loan debt for any new doctor to manage. Continue reading “7 Ways to Shrink Your Student Loans and Pay Them Off Faster”
Clinical practice guidelines are essentially the Wikipedia of the medical world and are important to students for a number of reasons:
- Guidelines save you time, by saving you from reviewing thousands of articles
- Guidelines can help you study and perform well on clinical rotations
- Guidelines are important for CME/keeping up your license
- Guidelines help protect you from litigation and may be tied to reimbursement
While student loans are a necessary financial tool for most of today’s future doctors, the process of repaying them can get complex due to the many types of loans and the accrual of interest. If you make the wrong move, you could wind up facing a costly error—one that may take years to recover from. The following five student loan mistakes are a few of the worst errors that you can make. Do what you can to avoid them. Continue reading “Five Student Loan Mistakes You Need to Avoid”
Ding. The ring of a bell emanates from invisible speakers overhead, and the pre-med waltz begins.
Immediately, a hallway of med school hopefuls grab the laminated neon sheets hanging on the doors in front of them. We flip over the page, read the prompt, and have two minutes to mentally outline an answer in our minds before the next… Continue reading “Three Tips to Improvise Your Way to MMI Greatness”
Mind mapping is a brainstorming technique that can help you see the big picture of your life story, key personal strengths, and professional competencies. As such, it can be an invaluable method for students preparing for personal statements, medical school applications, interviews, etc. Continue reading “Use Mind Mapping to Write a Personal Statement that is Unique to You”
Valentine’s Day can be hard for med students, medical professionals, and their spouses because all the other couples are out and about with their special someone. Where is your special someone? Your “person” in the wise words of Meredith Grey, is currently on call at the ER and just texted you during a moment of sanity (miracles do happen) to tell you that due to the high influx of patients they won’t be home that night…even though they worked the previous 6 nights. Sound familiar? “Wait, you don’t know what time your husband will come home every night?” Actually no, no I don’t. “You spent your weekend studying?” Of course! Doesn’t it sound like fun to spend every moment of your waking hours at the library? “Can you guys go out tonight?” Please define “out” and could you set specific parameters on how long we will be gone and when it will be socially acceptable for us to leave to sleep or study once again. Continue reading “I Want You Tibia My Valentine”