Finances

Learning how to manage student loans, invest, and budget is likely at the bottom of your to-do list while balancing your responsibilities as a resident. It’s true that many young doctors are so preoccupied with getting through training that they don’t take the time to learn basic personal finance—however, progression through medical training is inextricably read more…

After spending the last two decades in school, there’s nothing quite like that first paycheck in residency. Now that you make money, what are you going to do with it? You can treat yourself, focus on your loans and financial goals, or ideally, find a healthy medium. Being a financially responsible adult doesn’t happen overnight. read more…

If you’re on the path to becoming a PA-C, there’s a good chance you’ve wondered what your salary and overall compensation will look like at the end of the road. The short answer is that, according to the AAPA Salary Report, the median salary for a practicing PA in 2021 was $115,000. The long answer read more…

Applying to residency is an important and exciting milestone in your medical school journey. It represents the culmination of your educational experience as you start the transition from student to physician and begin the process of securing your dream residency program. You understandably may have questions about how to navigate this process, including how much read more…

Call shifts are a hallmark of residency and an important hurdle to conquer prior to becoming an attending. If you’re approaching your first call shift soon, you’ve probably racked your brain wondering: how do I survive a 24-hour shift? Caring for hospitalized patients, making important medical decisions, and answering questions from nurses, patients, and families read more…

Medical school is long and expensive, with little (if any) time to earn money. Residency may not come with much more free time, but still, it’s exciting to receive a paycheck for your work rather than pay tuition. Your resident salary, generally adjusted to your cost of living, should cover housing, food, and limited entertainment. read more…

“I try to be cynical, but it’s hard to keep up.” For this episode of Conversations, we venture into the world of finance and speak with Jared Dillian. Jared is truly a fascinating guy with incredible insights into the world.  I first came across his insights after reading an expose about him in the NY read more…

I have made almost every financial mistake that new physicians should avoid, including going into forbearance and deferment, buying the doctor house and car, not living on a budget, and not prioritizing paying down student loan debt. To be clear, I had significant debt—similar to that of the average graduating medical school student in the read more…