Congratulations to all the new doctors! You are all going to save a lot of lives! You may earn fame and money throughout a successful career in medicine but prioritizing financial management from the beginning is essential. New doctors may have many financial liabilities, such as massive student loan debts ... Read more
Patricia Sanders
Updated August 18, 2022 by Patricia Sanders
You’ve done it. The classes have been taken, the concepts mastered, the grades received. Prom happened, whether you went to it or not. Maybe sports were involved. It doesn’t really matter anymore. High school will ... Read more
Erin Wildermuth
Updated June 23, 2022 by Erin Wildermuth
There are many reasons that doctors tend to come from wealthier families. The requirements of piecing together a medical school application is surely one of them. During my do-it-yourself, community-college post-baccalaureate nearly every applicant checkbox required me ... Read more
Erin Wildermuth
Updated June 23, 2022 by Erin Wildermuth
The system in which physicians are paid for their services can be confusing. Unlike other professionals, physicians are not paid for hours worked or a flat fee. Instead, they get paid through a web of ... Read more
Tyler Montgomery
Updated July 8, 2019 by Tyler Montgomery
You and your spouse are investing a significant amount of time, energy, and money into medical training. You’ve take on this investment with the expectation that it will pay off in the long run, when ... Read more
Amy Rakowczyk
Updated June 24, 2022 by Amy Rakowczyk
Several publications generate lists of the “best” veterinary schools using various criteria. Unlike some other professions, which veterinary school you attend likely won’t impact your future earnings or career options. However, which school you attend ... Read more
Tony Bartels
Updated June 24, 2022 by Tony Bartels
Medical training is a significant investment for both you and your spouse. It’s an investment of time and money so that one day you will have a secure and well-paying lifelong profession. Your financial timeline ... Read more
Amy Rakowczyk
Updated June 24, 2022 by Amy Rakowczyk
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 ... Read more
Monya De
Updated June 26, 2022 by Monya De
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. ... Read more
Jacob Adney
Updated July 22, 2022 by Jacob Adney
In our last installment, we recognized the value of money as a means of allotting your time in accordance with your values; identified financial independence for physicians as a goal worth pursuing from the earliest ... Read more
CrispyDoc
Updated June 26, 2022 by CrispyDoc
“Compound interest is the eighth wonder of the world. He who understands it, earns it…he who doesn’t, pays it. -Albert Einstein Your Life Of Abundance The first thing to note about your life the day ... Read more
CrispyDoc
Updated June 26, 2022 by CrispyDoc
With loan debt for students in graduate health professions rising exponentially, the conversation around choosing the right student loan repayment option and/or opting for the public service loan forgiveness (PSLF) program is becoming much more ... Read more
Timothy Ulbrich
Updated June 26, 2022 by Timothy Ulbrich
I remember the sheer joy of ripping open the letter that granted me a medical school spot. Everything was roses and rainbows, and I was thrilled that my dreams were coming true. This cute little ... Read more
Adelle
Updated June 26, 2022 by Adelle
“It is our obligation to remove the biases that stand in the way of good medicine. We need to assure no consideration of economic self-interest will prevent us from giving our patients the safest, most ... Read more
Brent Schnipke
Updated March 16, 2019 by Brent Schnipke
Medical students deal with a lot of scary things: frequent do-or-die exams, looming USMLE or COMLEX tests, and being responsible for a patient’s care for the first time are a few examples. Sadly, however, one ... Read more
Brent Schnipke
Updated July 22, 2022 by Brent Schnipke
How to make the most of your limited budget while in medical school.
Megan Riddle
Updated June 27, 2022 by Megan Riddle
Plan for financial success despite the challenges of student debt.
James M. Dahle, MD, FACEP
Updated June 27, 2022 by James M. Dahle, MD, FACEP