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

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

What Resident Meal Card Taught Me about Retirement

  Don’t spend money just because you have it. I see residents buying $3.50 brownies, $2 surgary, or worst diet drinks from the cafeteria. I would never do that for a multitude of reasons. For one, drinks loaded with sugar

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        

Company Match Q&A Part III

Anyone who enjoys getting 100% instant return on their invested dollar is excited about getting a company match. This post is the 3rd part of 3-post series to answer all your questions on maximizing your company match. While this series answers specific questions about

All the Right Plastics in All the Right Places.

All the Right Plastics in All the Right Places.

  I love credit cards. They have helped me pay for medical school expenses/tuition on 0% APR, reduced my overall med school debt by 60k in interest, given me lots of cash back & rewards, allowed me to channel my cash flow into my retirement and Mini’s

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

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

Company Match Q&A Part II

Anyone who enjoys getting 100% instant return on their invested dollar is excited about getting a company match. This post is the 2nd part of 3-post series to answer all your questions on maximizing your company match. While this series answers specific questions

Company Match Q&A Part I

Company Match Q&A Part I

  Anyone who enjoys getting 100% instant return on their invested dollar is excited about getting a company match. However, the information on how exactly the employer match works is not easy to obtain, especially for a large organization like

Best of Both Worlds: More Cash Now & Lower Costs

I have been hearing from many of my co-residents that they are barely making ends meet each month, paying for rent or mortgage, student loan, food, childcare costs, etc. Wouldn’t it be nice if somehow we can free up some cash either

Where to put limited PGY dollars?

As we become aware of how the time value of $ works against us (student loan interest), we will also learn about how it works for us. After refinancing your student loan, not only do you enjoy paying off an

2015 Milestones…

As everyone excitedly talks about holiday plans and we hit the half way mark of first-year radiology training, (overnight calls will be upon us in 6 months), it hits me that 2015 is coming to an end. 2015 has been a big year in many