So after this first round of finance Friday posts we’ve gone through the basic definitions and established general priorities. Now I want to step back and remind everyone of the philosophy. Most, if not all of you, are young physicians or other highly educated young professionals. My investment philosophy is mostly tailored toward you because well, I am a young physician who went through the opportunity cost of 4 years of medical school and 6 […]
Residency
Ok, so the last post of “Why do I need insurance?” might have seemed a bit backward since I told you all what to buy, and not why to buy it. That was intentional. As physicians we are so busy making big decisions day in and day out about things we know about… that when it comes to things we don’t know about, we tend to just throw money at it to make it go away. Trust […]
Life Insurance
PRIORITIES – PART THREE: THE REBUTTAL Like I said, I don’t expect you to live in squalor nor do I think you should sacrifice your safety for financial benefit. Also, trust me; I do understand that you are no longer a college student and that having a roommate might be unacceptable to some. I also understand that after a long day of work being able to retire to the solitude of your “castle” has its […]
Priorities – Part 3 of 3
Why do I need insurance? This is a common question among young physicians. It should be a question you ask yourself during residency or internship, but unfortunately, like many things it is of low priority during that time period. It is brushed off into the “I’ll get to it later” pile of things to do. I hope this article reaches more residents so that they will be aware of just how important insurance is for […]
Why do I need insurance?
As a doctor, you have now firmly ingrained yourself in an honorable profession… with a ton of red tape. Somewhere in the mess that is your life during and after residency you will hear the term “credentialing”. This is the bane of all physicians everywhere, which becomes exponentially harder the more jobs you have, and more places you have been or are currently credentialed at. Now, what exactly is “credentialing”? At its core, it’s a doctor […]
“The File”
PRIORITIES – PART TWO: THE LIST Don’t rent a posh apartment. Rent a reasonable apartment. If it’s just you, you only need a studio or a 1 bedroom in a reasonable and safe area close to the hospital, especially for those of you living in a metropolitan area. If you’re ok with it, get a roommate or two and share a 2 or 3 bedroom apartment. Having roommates saves you a ton of money. If […]