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 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,

Misery to Joyfulness… Life as PGY (1 is infinitely better than 0)

I started radiology residency full of hopes and dreams on July 1st, 2015. I thought radiologists are the happiest and nerdiest bunches of doctors in the whole hospital. Sipping coffee, listening to Pandora station in a precisely dimmed room (dark

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

How I Take Charge of My 375k Student Loan

How I Take Charge of My 375k Student Loan

The following is a Q&A guest post from a good friend of mine, who wishes to be anonymous. We have no financial relationship to disclose. Here’s a list of great lenders to refinance your student loans with. (Note: by using

How I Accelerated My Student Loan Payoff

I charge all my expanses that are chargeable onto my credit cards and funnel my (limited) cash flow towards debts with interests. There are lots of variation in terms what can be charged on a credit card. Some people’s circumstances

6 Things PGY2 Skimps On

6 Things PGY2 Skimps On

I wrote about 6 things I splurge on with my limited PGY2 60k annual income. Today I’ll share 6 things I skimp on which gives me the money to splurge on what I care about without stopping me from accomplishing

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

10 Weapons to Terminate Your Student Loans.

10 Weapons to Terminate Your Student Loans.

  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

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

The Day I Started with Nothing…

The Day I Started with Nothing…

I will always remember how dreadful it seemed when I learned that my cost of attendance for 2010-2011 (first year of medical school) was about 90k… I’ve never made 90k a year prior to starting medical school (in fact, I still

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

PSLF – Why REPAYE May NOT be the Best Plan.

PSLF – Why REPAYE May NOT be the Best Plan.

      [This is a guest post by Bo Liu aka Future Proof M.D., who runs http://futureproofmd.com/ He is a colleague in the field of radiology and a comrade in the mission of promoting financial literacy and empowerment among physicians.

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

YOUR “Personalized” Student Loan Management Strategy

      I have read and learned extensively on the topic of student loans, especially for someone who has wiped off all her educational debt as a PGY1. After learning all the factoids and nuances, loops and hoops, the

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