Some of my friends are going for loan forgiveness. They owe 300-400k at graduation, and will probably owe about 450-600k when they finish residency. They opt to let their debt grow with the 7% interest with hopes of have this debt
How to increase my savings rate to 50% and more?
Since I just started radiology and got a whooping 2k raise for 2015-2016, time to revisit my budget and see if I can save more efficiently. From my pgy2 income, not including my side job in tutoring, Monthly Pay$4,461.08 Federal
Doctor’s vs. Conventional Mortgage
This post is an expansion from a discussion with an attending reader who’s considering doctor’s mortgage. Since within the last year I have purchased my first home with a doctor’s mortgage, and then refinanced it to a conventional mortgage. I would like
Refinance your student loans with DRB now and save interest throughout residency.
As some of my readers are justly nervous about paying off or down their student loan with credit card offers, there is finally a safe and sound alternative to letting the monstrous interest rate of 5-9% compound throughout pre-attending years.
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