Financial Related Items
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Being a doctor is more than about treating patients. We have spent all of our time and youth gathering the education to become a doctor. We have watched friends who had much shorter educational paths grow in their career, both through experience, promotion, and monetarily. However, once we graduate residency and fellowship, we (should) have a new windfall of income. But what should we do with it? How do we make up the lost time and lost income from our twenties?
The information below is for everyone in the medical profession regardless of stage of career (medical student, resident, fellow, new or seasoned practitioner) and specialty. Below are some topic to consider:
Into your last year of residency?
Want to get a jump start in the first years of residency? Read and consider "Financial planning for last year of training physicians" via Wealthkeel, LLC. |
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Financial Related Websites:
*You are never too early and (hopefully) never too late to increase your financial literacy and plan for the future and retirement, no matter what phase of the game you are in.
- White Coat Investor - website created by ED physician Dr. Jim Dahle, MD, FACEP. The site has information about investing, insurance, disability, housing, etc. Dr. Dahle has built a network of referrals, articles, books to read, and information to hit all the initial topics one should be considering. He has written two books (must reads), offers a podcast, and financial seminar courses.
- The White Coat Investor: A Doctor's Guide to Personal Finance and Investing (Amazon)
- The White Coat Investor's Financial Boot Camp: A 12-Step High-Yield Guide to Bring Your Finances Up to Speed (Amazon)
- The White Coat Investor, Podcast (Apple)
- Other websites include:
- HumbleDollar
- Passive Income MD
- Physician on FIRE
- Financial Residency (blog, podcast)
- DiverseFi
- Crispy Doc
- MoneyMow - The 30 fastest growing personal finance blogs of 2019 (Carl Jensen, April 16, 2019)
*You are never too early and (hopefully) never too late to increase your financial literacy and plan for the future and retirement, no matter what phase of the game you are in.
MISC BLOGS AND ARTICLES
- "Financial planning for last year of training physicians" via Wealthkeel, LLC.
- Life after residency: get your finances in order. 25 March 2015. AMA.com
- The 30 fastest growing personal finance blogs of 2019 - based on data. Carl Jensen, 16 April 2019. MoneyMow
***Financial Disclaimer:
This section is provided as a helpful guide on what issues you should explore either with a financial adviser, attorney, or accountant. These parties can/should help you sort out the financial matters related to your financial situation. Of note, I am not a financial advisor (nor portray myself as one) nor a paid consultant for any of the links listed on this page. They are merely listed for your review and are items found to be personally helpful in developing my financial understanding and strategy. Please review each linked website for their personal legal and financial disclaimers regarding who and what they specifically represent.
This section is provided as a helpful guide on what issues you should explore either with a financial adviser, attorney, or accountant. These parties can/should help you sort out the financial matters related to your financial situation. Of note, I am not a financial advisor (nor portray myself as one) nor a paid consultant for any of the links listed on this page. They are merely listed for your review and are items found to be personally helpful in developing my financial understanding and strategy. Please review each linked website for their personal legal and financial disclaimers regarding who and what they specifically represent.