Below you'll find a list of all posts that have been categorized as “Physician Personal Finance”
Second in a series of woulda shoulda couldas. Picks up where the last post left off. Two Story vs. One Story To get the large square footage we sought, he had to opt for a two story home. This is fine assuming youth and health. Stairs are problematic. They present a constant hazard to infants and toddlers early in …
When I moved from Boston to LA in 2005, everything was coming up roses. I was dating a woman whose presence had suddenly transformed my life from black and white to color, and we were moving in together (spoiler alert: I married her). I’d found us an apartment that was a nine block walk to the beach. I’d landed a …
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One of the most enjoyable ways I’ve channeled my finance geek leanings has been to offer to meet with newbies who join our practice to review their finances and help them develop confidence in a plan to pay off educational debt, invest, and save for retirement. For a surprising number of them, it’s the first such discussion they’ve ever had, …
It’s Match Day! You’re happy, relieved, and a few hundred grand in the hole. Which makes you feel a helluva lot better than the med school sweetheart couple that is in twice as much collective debt as you are. Now that you know where you’ll be training, your educational debt gets bumped up a notch to your number one source …
If I were to create a TV show, it would be a romantic comedy for finance and efficiency nerds named “Battle of the Optimizers.” The husband and wife protagonists would constantly try to help one another by assuming household duties, resulting in well-intentioned mayhem and confusion. The battle, as it were, would pit efficiency vs. intrusiveness. The pilot would introduce …
Assuming control of your financial life involves scrutinizing multiple aspects of your income stream(s), accounting for assets and liabilities, and establishing a timeline for achieving specific financial milestones . The Financial To Do List I’ve assembled is a checklist that you can run through as superficially or carefully as you see fit. I thought applying it to my own situation …
Starting in middle school, my friends decorated their bedroom walls with posters of sports cars whose names, to my virgin ears, suggested high end Italian prostitutes. Lamborghini Countach might wear something gauzy and translucent as she lured me into her softly lit Tuscan den of iniquity, while Ferrari Testarossa would teach me moves that were surely illegal in the U.S. …
I come from a proud line of Costco shoppers. My father knows most of the cashiers at his local warehouse by first name. When I accompany him there during visits home, he claps backs and greets the staff like a Tammany Hall mayor, all the while whispering conspiratorially to me, “She recently split up with her baby-daddy,” or “Next week …
As a newly minted physician, you are presumably on an upward trajectory in career earnings. Any injury that limits your ability to achieve financial security needs to be covered by disability insurance. Some risk mitigation involves practicing common sense: no one will feel badly for a surgeon whose knife juggling hobby maims his dominant hand. But everyone will get a …