We get it, because we’ve been there. As a doctor or doctor-in-training, you are likely incredibly busy. We know speed and convenience are crucial, so when it comes to paying for anything, it’s easy to reach for a credit card. Credit card debt can quickly become overwhelming, especially for busy physicians, dentists, and veterinarians who …
How To Pay Off Credit Card Debt For Doctors & Doctors-In-Training Read More »
Specialists are often paid more than primary care physicians. Primary care physicians may have better work-life balance than those who specialize. The choice between primary care and a specialty is dependent on your interests, skills, and priorities. When it comes to the medical profession, doctors are divided into two major categories – primary care physicians …
Compensation Differences Between Primary Care & Specialty Physicians Read More »
A down payment is the amount of cash you pay upfront on a large purchase, like a home or car. Lenders may require down payments from 0% to 25%, depending on several factors, including the loan type and the borrower’s credit profile. Doctor mortgages can help healthcare professionals purchase a home with a smaller down …
The transition from medical school to residency can be a challenging task, especially with limited income to cover living expenses and other needs. With long hours and a demanding workload, residents often feel overwhelmed and added financial stress doesn’t help. New residents face challenges adjusting to their new salaries, budgeting, covering expenses, and taking advantage …
Tips For Budgeting, Benefits & Expenses During Residency From Physicians Read More »
As a medical student transitioning into residency, you are about to embark on a new chapter in your life and the next step on your journey to becoming a physician. So much is changing in a short amount of time, and there are many decisions to be made, including where you will live. Both renting …
Renting Vs. Buying & Other Tips For New Residents, From Physicians Read More »
Recent weeks have been tumultuous for some banks, leading to some concern among customers about the safety of their deposits. In the wake of two bank failures, it is natural to worry about the security of your funds, and you may have questions about what measures are being taken to protect your money. In this …
According to the U.S. Bureau of Labor Statistics, the mean annual wage for pediatricians is $198,420. According to Medscape, general pediatricians earn an average of $244,000 annually. Montana is the highest paid state in the U.S. for pediatricians with a mean annual salary of $297,280, according to the U.S. Bureau of Labor Statistics. According to …
Liquidity includes savings, stocks, bonds, mutual funds and any money you can take out of an account without penalty. Retirement accounts, like 401(k)s, IRAs, Roth IRAs, and home equity are not included in liquidity considerations. Liquidity is important because it allows you to have a safety net if your practice doesn’t perform well right away …
What Is Liquidity & Why Is It Important For Practice Ownership? Read More »
According to the NRMP 2022 Main Residency Match Results and Data, less than half of all Match Day applicants were matched with their first choice program. Almost 20% of matched applicants didn’t end up in their first choice specialty. Despite disappointment on Match Day, there are ways to overcome this and thrive in your residency …
Feeling Disappointed On Match Day? What’s Next? – Match Day 2023 Read More »
According to the U.S. Bureau of Labor Statistics, the mean annual wage for surgeons is $297,800. According to Medscape, general surgeons earn an average of $402,000 annually. North Dakota is the highest paid state in the U.S. for surgeons with a mean annual salary of $359,220, according to the U.S. Bureau of Labor Statistics. According …
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