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

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

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

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

How I Paid off My Student Loans at 30 as PGY1.

I hate debt with a vengeance. It all started when I was about 5 years old. I became aware of the dire financial situation my family was in. Debt collectors paid daily visits at our apartment door. I was scared

16 Ways to Minimize Debt in Medical School

This post is inspired by a MS3 who wrote me, wondering how she could minimize debt while not having a job in medical school.   Hi! I just started reading your posts and they are very helpful. I am a

How I Pay My Student Loans Using Passive Income by Passive Income M.D.

[Passive Income M.D. has great insights to add to the physician blogger scene. Enjoy his guest post below! We have no financial relationship.] As physicians, we’ve all felt the crushing weight of the almighty student loan. Some have felt it

Credit Card Companies Offer Credit Watch, Free!

The era of having to pay $19.99/mo to monitor credit score &  activities is gone! Credit card companies are offering free credit score and selective credit activity details let & right. One can get great sense of his/her credit health

Be a Student Loan Terminator. (PMD2)

Do you have student loans? Won’t you love to destroy them and be debt-free? What would you do with the cash flow you free up once your student loans are paid off? I’d like to invite you to join me

Is Revised Pay As You Earn (REPAYE) Repayment Plan for you?

    For larger or printable view, click Here. Benefits of REPAYE Plan The REPAYE Plan enables 5 million more Direct Loan borrowers to cap their monthly student loan payment amount at 10 percent of monthly discretionary income, without regard to