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

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

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,

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

Self-Employed Options for Tax-Advantaged Savings

Self-Employed Options for Tax-Advantaged Savings

I enjoy being my own boss, especially after I learn how much American businesses are supported financially from the perspective of tax efficiency. I was also happy to learn more about the awesome flexibility, options, and much higher limits of tax-advantaged savings available

Click by Click Banner Match!

Banner Match has arrived. As of July 1st 2016, you can sign up at the fidelity website @ https://nb.fidelity.com/public/nb/401k/home. If you have already worked at UAHN starting July 1st 2015, you are eligible to get the 4% Banner match for

DWM Grand Rounds #1: Doc-to-Doc on Personal Finance

DWM Grand Rounds #1: Doc-to-Doc on Personal Finance

Title: Doc-to-Doc on Personal Finance & Physician Support Initiative   Highlights: Student loan management Public Service Loan Forgiveness Maximize Tax Efficiency/ Investment Return Physician Support Initiative P.S.I.   Date & Time:                                                              Location: July 6th, 2016 12-1 pm        

How I Contributed $23.5k to Roth IRA/Roth 403b in 2015 as PGY2

How I Contributed $23.5k to Roth IRA/Roth 403b in 2015 as PGY2

I’m a big proponent of maxing out available Roth space during low income/training years. However, most of us don’t have enough income to put $23,500 post-tax dollars away on resident/fellow income. Below I will share how I contributed $23,500 post-tax

Revised Pay As You Earn (REPAYE) or Refinance?

Revised Pay As You Earn (REPAYE) or Refinance?

This is an in-depth discussion about whether to go for Revised Paye As You Earn (REPAYE) or refinance your student loans with private banks like DRB or LinkCapital. Reader wrote: “My current thought is if someone wants to stay and

How I Can Retire at 38, But Won’t.

How I Can Retire at 38, But Won’t.

  Let’s first talk about why I won’t retire at 38, even though I can. That’s less than 3 years out of fellowship. It would be the beginning of my professional prime as a radiologist. I’d like to use my skills

RePaye vs. Paye vs. IBR vs. Refinance

RePaye vs. Paye vs. IBR vs. Refinance

      Dear MS4 around the world: Congratulations for coming this far! This is your match day/ early medical school graduation present from DWM. This chart will serve you throughout your residency & fellowship. I will continue to update this chart

DiscoverIt Lent Me $3600 on NEGATIVE 31% interest for 15 months

shop with   and get cash back What is the highest interest rate you have been charged for borrowing money? For some of us, credit card companies might have caught us with 15-30% interest at one point in our lives (hopefully one got

Wall Street to White Coat: Interviews with Dr. Unger Part II

Wyatt Unger, M.D., M.B.A, is a 3rd year radiology resident at the University of Arizona.  Wyatt earned a B.A in Economics from Northwestern University and an M.B.A. from the University of Arizona.  Prior to pursuing a career in medicine, Wyatt

Wall Street to White Coat: Interview Series with Dr. Unger

Wyatt Unger, M.D., M.B.A, is a 3rd year radiology resident at the University of Arizona.  Wyatt earned a B.A in Economics from Northwestern University and an M.B.A. from the University of Arizona.  Prior to pursuing a career in medicine, Wyatt

Numbers speak louder than desires…

Numbers speak louder than desires…

We recently faced the dilemma of whether to purchase another home so that my parents can live in one of them and we another. We COULD afford a 2nd home mortgage/expenses, but I suspected it was NOT a numerically sound choice. Since