Minimize Debt for all:

  • $10k student loan after $1/2 mil post secondary education. 
  • Near zero net worth after getting 400k medical degree in May 2014.
  • Net positive college grad.
  • To B or not to B: bankruptcy vs. forgiveness.
  • Why I don’t have to wait for loan forgiveness.
  • Managing my debt creatively.
  • Federal work-study helps alot.
  • Don’t take no for no.
  • If you don’t ask, you won’t get it.
  • Pace yourself, be your own advocate.
  • If you need help, reach out: government programs.
  • How my jobs in school helped me to be a top student.
  • Time is money; don’t ever sell yourself cheap.
  • “Live like a student when you are a student; you can live like a doctor (substitute with your profession of choice) for the rest of your life.”

 

Smart credit use:

  • Cash is king, how to maximize your cash flow.
  • Smart credit utilization in school.
  • Smart credit utilization out of school.
  • Smart credit utilization when you have big paychecks.
  • The ultimate mismatch: 20k annual income with a quarter million credit line.
  • Keep it flowing, or trickling.
  • Circulate your (limited) cash to get guaranteed return greater than index funds.
  • Living on credit yet never paying interest.

 

Know your #’s:

  • One excel spread sheet to track all my finances.
  • Filing My Own Taxes.
  • When I sign a check, I know exactly how much goes to principle.
  • Student loan servisers’ tricks to charge you more interest.
  • Mortgage companies’ tricks to charge you more interest.
  • Credit card companies’ tricks to charge you more interest.

 

Budgets:

  • Budgets don’t limit; budgets achieve goals.
  • Positive reinforcement: when you constantly excel beyond your goals.
  • Professional/ Doctor Worthy wardrobe on a budget
  • Gourmet organic meals on a budget
  • Travel/ job interview on a budget
  • Pass it forward: when recipient of charity gives to charity.
  • Sharing dollar sense with kids
  • Setting financial goals with your significant other

 

Building equity:

  • Takes money to make money.
  • Takes “money flow” to make money.
  • Know the opportunity cost of your dollar.
  • Four pillars of building wealth: cash flow, debt/income ratio, tax shelter, interest saving. 
  • Watching 3 housing markets in 3 cities simultaneously
  • Luck is preparation meets opportunity.
  • Purchasing my 1sthome 2 months before getting a paycheck.
  • Pros and Cons of Doctor’s Mortgage
  • Bridges to where I want to be.
  • How I refinance my 1sthome within 7 months of purchasing it.

 

Cost of living:

  • True value of your paychecks.
  • Examine what you are paying for.
  • What matters to you  most.
  • Don’t limit yourself geographically.
  • So close yet so far.
  • What I learned from the oceans and operas that I never saw as a decade long Californian.
  • Higher stress living= lower capacity to love and care for others.

 

Medicine specific caveats:

  • Residents and fellows: let’s accelerate your debt reduction and your asset growth!
  • Getting into medical school.
  • Apply widely, interview wisely.
  • Getting into residency.
  • Testing: more hoops to jump through.
  • Match day: when I learn where I will spend my next 6 years of life.
  • How I make my rank list.
  • My mistakes, and hopefully your free lessons.
  • “Live like a doctor (substitute with your profession of choice) when you are a student; you will live like a student for the rest of your life.”

 

Please comment below on which posts you want the most.

I will do my best to write those first 🙂

Posts to come, tell me which ones you want the most!
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2 thoughts on “Posts to come, tell me which ones you want the most!

  • March 13, 2015 at 12:56 AM
    Permalink

    Great idea, I’m definitely going to offer some subtitles or sub-post titles. Thanks Omid! How do you like the new post on building net worth during residency?

  • March 12, 2015 at 2:08 AM
    Permalink

    Some of the titles are not descriptive enough; maybe offer subtitles. Like, what’s “Don’t take no for no”. I’m curious about what you learned from oceans and operas.

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