Dear Readers

Hi There, I’m Elva, apbka (also, previously, briefly, known as) Wise Money Shopper. Amanda, aka Dr. Wise Money, was my sister.

5 Myths about Doctors Our Society Believes

Doctors are rich.   Are you kidding?   How rich do you feel when you are 36 years old, just starting your first real doctor’s job, with half a million dollar worth of student loans at 7% interest rate with

5 Traits Separating the Wealthy from the Wealthy-want-to-be

Life is a trajectory. Wealth or poverty could be a lifelong or even multi-generational directional evolution. We are each journeying in the direction of greater or less wealth. Instead of comparing with one another, it’s helpful to see where we

6 $ Insights from My Kid’s Flying Lesson

Mini Wise Money’s dad gave her a flight lesson (and more to come) as her return from China trip present. I was honorably chosen to be her passenger while her dad, her grandpa, and our dog Lola observed from the

5 Reasons to Stroll Down Wall Street in Our White Coats

“When wealth is lost, nothing is lost. When health is lost, something is lost. When character is lost, everything is lost.” –Billy Graham If any of us invest 1% of our intelligence and diligence we pursue and practice medicine with

5 Ways to Combat FOMO (Fear of Missing Out) & Pad Your Wallet

I recently stumbled upon Overcome FOMO (Fear of Missing Out) in 7 Steps by finance superhero. I was enlightened by this article and decided to write about the ways I personally combat FOMO. FOMO is likely the most prevalent psycho-social

5 Tips for Back to School Shopping  

Mini Wise Money requests to switch to Basis Tucson Primary. I was surprised because her friends at Sunrise Drive told Mini how much work and how little fun Basis is all about. I asked Mini, “are you sure, don’t you

5 Ways Bedside Manners are Key to Physician Wealth

  Greater patient compliance. It takes us 23 years of minimum training to be a doctor (shortest residency is 3 years.) However, we quickly realized that we could do our best as docs, but don’t get good results if patients

5 Reasons I Choose Time in, not Timing, the Market

1.       Not worth my time to time the market. If a group of PhD economists who study and analyze companies all day long perform as well as a group of monkeys throwing darts in stock selection, why would I bother

5 Things Zootopia Taught Us about Money Success

I love the kids’ movie Zootopia. I laughed so hard and cried during that movie, frequently turning towards Mini Wise Money, sharing precious moments of inspiration and up-liftedness with her. It’s incredible what we learn as kids from cartoon movies

4 Reasons More Banks Should Refinance PGY’s

1.       Doctors are the least likely to default on their loans. Low risk lending. Doctors are an honest hard working bunch. The default rate of debt/liability of doctors is a fraction of that the average population. Low risk lending. This

Top 5 Money Pitfalls Every Doctor Should Steer Clear

Most of us choose to become physicians because we care more about serving others than making the most money with least effort. In fact, one could argue a career in medicine is the antithesis of maximum money for minimum work.

5 Uncommon Financial Commonsense

I’ve been hearing the term “educated dumb” and “commonsense is uncommon” frequently lately. It’s true that to be financially successful, all one needs is commonsense, which is pointed out by a VA nurse who’s retiring at 55, with 750k in

How My 8 Year Old Funds Her 2016 Roth IRA: Just in Time, Tax Break for Mom, Roth IRA for Kiddo

IRS is pretty strict about what you can pay your kids for. In a tax audit, paying an 8 year old 10k a year may seem hard to justify. But I think I have a case with my 8 year

6 $ Tips I Would Tell Dear Older Me

After I wrote about 6 $ Tips I Would Tell Dear Younger Me, I thought I should write to my future self too.  If it’s true that we learned everything we needed to learn in life as kindergartners, then I would thank

6 $ Tips I Would Tell Dear Younger Me

I love the song Dear younger me by Mercy Me. “Dear younger me I cannot decide Do I give some speech about how to get the most out of your life Or do I go deep And try to change

Money Chased Me the Second I Stopped Chasing

I was great at chasing. Anything I chased, I got. Go-getter as they called it. I picked my best friend(s), I picked my career in medicine, I picked specialty and residency programs (as they also picked me), I picked and

Top 5 Ways Yoga Helps Make Me a Millionaire

After a decade of hardly exercising, I decided to take care of my health at last. I started a 30 day yoga challenge, doing home yoga practice with YouTube instructor the same time I started recording “30 Day Mindful Financial

3 Things Society Doesn’t Know About Doctors

A Chinese folktale goes like this,   A magnificent Buddha statute sits at the mountain top where worshipers climb 100’s of 1000’s steps of stairs to arrive at his foot and to kneel down in prayers. One day, the slab

Money, Medicine, Motherhood, & the Presence of Mind: Moving up in Life

As I was on my mat today at a Yoga class, getting my as* kicked. I realized that I’ve progressed through four learning stages of my life… although at times still oscillating between the last 2 most challenging discipline to