Transitioning from medical school to residency marks one of the biggest changes in your medical career. This includes a huge shift financially, from paying student to salaried trainee. While a resident’s salary is much more than you were making as a medical student, it pales in comparison to how much ... Read more
Dr. Brennan Kruszewski
Updated October 23, 2022 by Dr. Brennan Kruszewski
Popular culture promotes—and most people accept—the notion that physicians make a lot of money. When it comes to national average salaries, data supports that conclusion, as well. But not all of us are average: medical professionals ... Read more
Susan Doktor
Updated August 8, 2022 by Susan Doktor
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 ... Read more
Patricia Sanders
Updated August 18, 2022 by Patricia Sanders
Updated October 5, 2021. The article was updated to correct minor grammatical errors and to update technical details provided by Bankrate. Let’s just say I’ve been around the financial block a few times. So forgive ... Read more
Susan Doktor
Updated June 22, 2022 by Susan Doktor
You’ve done it. You killed undergrad, conquered the MCAT and finally received a fateful acceptance letter. You’re going to be a doctor. Then it hits you: how much you will owe in medical school debt. The ... Read more
Erin Wildermuth
Updated July 21, 2022 by Erin Wildermuth
I started residency on July 1st, but even before I started, the emails began. I’m not sure if this was the result of my email address being available online, or distributed via an agreement, or ... Read more
Brent Schnipke
Updated June 24, 2022 by Brent Schnipke
You most likely believe the best time to start your medical job search is late autumn of the final year of training. That’s the standard advice, but it may not be the best for you. ... Read more
Robert Felberg
Updated June 26, 2022 by Robert Felberg
Updated September 2, 2021. The article was updated to correct minor grammatical errors and to update technical details. Student loan debt is increasing for college graduates every year. But for those who study medicine and health ... Read more
Andrew Josuweit
Updated June 26, 2022 by Andrew Josuweit
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
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
“Never buy a plane or horses just out of residency!” said my soft-spoken attending, staring at me intently. “I did, and I learned my lesson well.” Indeed, he did. He was newly married, had no ... Read more
Lee Burnett
Updated June 27, 2022 by Lee Burnett