Latest Posts

Protect All You’ve Worked For
February 12th, 2015

Disability, whether due to injury or sickness, can be especially catastrophic for new physicians.

Short on earnings and still carrying enormous debt, you need to protect your investment of time and the monumental effort it took to reach your career goals.

If you have...

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A Reason to Pretend You Are Already Rich
February 10th, 2015

While it is never a good idea to pretend you are rich when it comes to spending, there is a time when it’s the right thing to do.

Behavioral finance attempts to explain why investors do what they do, specifically, why they make irrational decisions with their money. It has...

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Where Will You Be In Three Years?
January 30th, 2015

About 18 months ago I started working with my first fresh-out-of-residency doctor as part of our TriageMD program. Let’s call him Bill.

At the time, Bill was working in the Philadelphia burbs, earning an average salary for his specialty and the location, and paying a couple...

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Transition
January 23rd, 2015

The transition from fellowship to practice in a medical specialty is likely to be the single most financially significant event in your life.

Don't ignore the power of the choices you make in your first years as an attending physician. It may be the only time in your...

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An Emergency Fund is Like Insurance
January 21st, 2015

When we advise people to set aside a cash emergency fund (at least three to six months' living expenses, depending on one's situation), the response is usually something like this:

"My savings account isn't earning anything. You want me to put more money into it,...

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Time As An Obstacle
January 16th, 2015

It’s that time of year when articles about optimizing the future abound. 

In one such Medical Economics piece,...

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