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

My Debt is Better Than Hers: 5 Reasons Credit Card Debt Trumps Student Loans

1.       Are you kidding me? Look at the interest rate! First off the highest interest rate I have ever paid to a credit card company is 1.7%. In fact I have not paid a penny of interest other than that

10 Tips to Keep More of Your $

Name of the game, it’s how much you keep, not how much you make. I’m not advocating extreme financial hoarding, I’m advocating smart stewardship of your hard earned dollars. Like WCI always says, physicians have won half of the wealth

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

$1,100 for 45 Minutes of Your Time

$1,100 for 45 Minutes of Your Time

I have always worked really hard: 7 jobs in college ranging from MCAT tutor, college chemistry TA, nanny, to care-taker for the disabled. Then, I worked 2 jobs in medical school while full time mommying + full time studying. Radiology

4 Flavors of Rainy Day Fund

I have $0 emergency fund liquid savings, with the exception of periods of time when I’m trying to purchase a home and need at minimum 5% down payment, I never lend the bank my $ at lower than inflation rate

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

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

Home Mortgage: 4th Time is A Charm!

Home Mortgage: 4th Time is A Charm!

After purchasing my 1st home as MS4, refinancing it as PGY1, then attempting to refinance it as PGY2, I’m now preparing to purchase my 2nd home. Honestly, working with so many mortgage officers over a spectrum of mortgage companies in the

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

Acing Your Credit Score

 Whether you are buying a house, a car, or refinancing student loans, lenders look at your credit scores (from 3 national credit bureaus: Equifax, Experian and TransUnion) to evaluate the risks they take on by lending you money. Understanding, safe-guarding, and maxing your

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

My favorite credit cards!

There are as many credit card options as toothpaste flavors in the supermarket. The perks they offer, when you use them responsibly, can stretch your hard earned dollar and help you build net worth (pay off debt sooner/ leverage 0% interest

Save 10-15% on your annual grocery bill AND fund your ROTH IRA!

Sprouts Farmers Market is selling gift cards at 90 cents on the dollar this coming Wednesday 11/4/2015 (traditionally this promotion happens once a year on the first wed. of November.) So let’s say your household grocery bill is $400/month, you

What should I do? 350k @ 6.8% interest rate, 3 more years of training.

What should I do? 350k @ 6.8% interest rate, 3 more years of training.

I recently met a colleague in the surgical field, who’s in his 4th year of training, with 3 more years to go. His numbers may apply to many at the same level of training. I figure I can take this

Rainy Day Fund

Every financially responsible adult I know has a rainy day fund. I have a non-conventional emergency fund, totaling 220k, of which: 50k is 0% interest for next 3-12 months. 50k charges 2% transaction fee for 0% interest for 12-18 months; effectively