No one likes making mistakes, especially when they can be costly. I know that you likely share my perfectionist tendencies and are often averse to taking risks. As physicians, we are trained to carefully consider the risk-benefit ratio before making any decision because we know the consequences of making a costly mistake. While mistakes are […]
Graduating from residency is a momentous occasion for every new doctor. You’ve spent over a decade of your life studying, working hard and meeting every challenge you’ve faced to get to this level. But what most newly minted doctors tend to overlook is budgeting. Although, now is the time to consider your financial freedom that […]
As a physician, I’ve seen many instances where patients or fellow doctors suffered a life-altering illness or injury. In fact, I used to moonlight in an occupational health clinic. Early in my career, this was an eye-opening revelation, and it made me a firm believer that unexpected things can happen to good people. In fact, […]
Having disability insurance set up early in your career is one of those no-brainer financial decisions in my opinion. As doctors, we’ve invested way too much time and money into our education and careers to put them at risk of injury. I personally know several physicians who have benefited from having solid disability plans and […]
There are a few important financial chores every busy resident would be foolish to ignore. Get these 6 things done and checked off on your “to-do” list. Today’s Classic is republished from White Coat Investor. You can see the original here. Enjoy! Residents are busy folks. Their time is consumed with clinical work, clinical learning, […]
How many disability insurance policies should a dual income couple buy? The right answer may be two, one, or even zero. Find out why! Today’s Classic is republished from White Coat Investor. You can see the original here. Enjoy! Doctors all think their financial questions are unique, but the truth is they’re the same 50-100 […]
Life insurance is important if you have an income that others rely upon. Get multiple term life insurance quotes from 2 of the most popular online aggregators. Today’s Classic is republished from Physician on Fire. You can see the original here. Enjoy! We recently covered disability insurance and the mistakes that doctors make. Today, I’d like […]
The Physician Philosopher was misguided by an insurance agent as a medical student, and the consequences are forever. Because of this, he doesn’t want anyone else to go through what he went through. Today’s classic is about disability insurance for doctors, and ten of the most common questions about disability insurance. Today’s Classic is republished […]
The past few weeks have been challenging, to say the least. We’ve seen a lot of changes in the world, and many, many people have been affected. But this time has also provided a great financial opportunity: the chance to take a step back, assess, and course-correct as necessary. This is important, because the path […]
Thinking about your own mortality is no fun. Personally, it’s not something I often consider. I’m usually too busy trying to figure out how to live the most extraordinary life possible. However, estate planning has been on my mind. Honestly, I’ve been thinking about it a lot more these past few weeks. Of course, even […]
