5 Ways to Stay in Clinical Medicine & Be Happy

My hero and mentor recently wrote “5 Ways to Get Out of Clinical Medicine.” His article inspired me to write “5 Ways to Stay in Clinical Medicine & Be Happy.”   Even though I am radiology resident and frequently seen

8 Wealth-Fulfilling Prophecies

We are so hard on ourselves sometimes that we jam-pack our mind with self-defeating prophecies. Some of us do so before a big, expensive, high-stake standardized exam, prohibiting our hard-earned knowledge and experience to shine through the test questions as

5 Ways to Keep More $

  Keep $ from Uncle Sam’s claws legally. Set up a business. What is your hobby? Turn it into a business by submitting some simple documentations to set up a Liability Limited Cooperation (LLC.) My hobby is to help every

8 Wealth-Defeating Prophecies

We are the kings and queens of self-defeating prophecies. We place such high internal standards that we failed before we even tried. While everyone around us would be clapping hands at our valiant efforts or excellent performances, we thought our

5 Ways Busy Docs Make Easy $

  Use credit cards. Credit cards save me time. I don’t carry or count any cash. I know down to the penny (if I’d like) where my money goes because it’s all charged on 1 credit card. Credit cards save

5 Doctor-Proof Rules to Wealth

We are our own worst enemies and harshest critics. I find this true frequently of my over-achieving USMLE step students who clearly master the content of medical school curriculum but suffer perpetual test anxiety and disproportionately low performance on standardized

5 Reasons I’m cutting My First Attending Paycheck in Half

I asked a few wise, seasoned, and revered radiologists, what is the minimum amount of work days per week a radiologist need to stay sharp in her trade? Average answer is 2 days per week. That’s the sweet balance I

5 Reasons to Not be a Doc, If You Wanna Be Rich.

Perhaps I’m preaching to the choir. It’s not hard to know that you are poor when you are in you 35 without a house, with a 20 year old Honda accord, without money in retirement savings, and with a student

5 Lessons a Penniless-Immigrant-Turned-Multimillionaire Aunt Taught Me

20-year-old and broken-hearted, she decided to leave Taiwan and start a new life. She literally “jumped the plane” and landed in LA California after finding her then fiancé cheated on her. She wanted a new beginning and have heard of

5 Reasons I’m Hard Working & Happy Wherever I Go

If you are not into details, skip straight pass the blue texts, which provide the background incident that inspired me to write this post. But the 5 points are listed in the black texts following the blue ones 🙂 I

5 Doctor-Proof Tips to Great Wealth: S.P.E.C.T.

Medicine is a profession of acronym, so here is one for your money and wealth. S.P.E.C.T. stands for Simple, Passive, Emotionless, Cheap, & Time. As physicians, we know our trade well, naturally, after spending an average of 23-27 years studying

Morbidly Obese & Morbidly Malnourished

Today, we did (6 moths ago) a fluoroscopic upper GI series on a patient, my age, who’s 700 lbs. I was so depressed when I saw her entire bare back with excess subcutaneous adipose tissue hanging in rolls behind her

4 Ways to Tax-Free Money Everyone Should Try

1.       Cash back from credit cards. We all need to eat. Buy your groceries, and in fact all your necessities with a credit card with good cash back. While most people settle for cash back of 1-2%, with a little

2017 New Year Gift to Self: Not Clothe-Shopping for 3 Years

I recently stumbled upon Mrs. Frugalwoods and was very inspired by her. I thought that I had a ridiculously high savings rate, allowing me to retire by 2023, within 2.8 years of finishing fellowship. Most (soon-to-be) radiologists look at me

3 Top Reasons Society Should Love Doctors More

  Why do we rare hear of heroic cardiothoracic surgeon saving the life of patient with AAA rupture but we hear about doctor scandals with such as a M.D. overdosing from medication or another swindling cancer patients out of their

How Doctors Can Stop Living Paycheck to Paycheck

I was inspired by Passive Income M.D.’s post on Why Doctors Live Paycheck to Paycheck (P2P) and would like to offer some suggestions to live the other end of the lifestyle spectrum of P2P. I lived P2P once, in college and in

5 Ways to Optimize Wealth Building Before Your First Attending’s Check

A dollar invested in PGY1 has nearly one more doubling time compared to that 6-10 year-later-invested dollar in your first few attending years. And if you invest this PGY1 dollar in post-tax vehicles such as Roth IRA or Roth 401k,

Mini-Retirement at 36 Instead of Full Retirement at 38

As I have great reasons not to retire as soon as I reach financial independence at 38, I also love the idea of mini-retirement by Tim Ferriss. Even though I don’t foresee myself paring down to 4 hour work week and raking

4 Reasons MS & PGY Should Start Building Wealth Today

Many of us have our mind set on starting to build wealth when we finish training. Some say, “I’ll be making so much more money that what I save now will not matter in comparison.” Others say, “I just can’t

Dear Colleagues, We are Here to Help

I recently read a white coat investor post about a couple who’s in their mid-40 with 5 kids, 2 in college, with 300k debt still and little aggregate savings. It broke my heart and motivated me to work harder to