5 Ways Good Finance Parallels Good Cooking

Having grown up on the kitchen counter while my gourmet chef mother cooks, surrounded by the aroma of her 24 hour simmer chicken broth, and her 200+ types of wines jam packed in our 1,000 square foot apartment, cooking is

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

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 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 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

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

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