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When you sign up for our weekly newsletter, you'll know about our latest blog post and podcast episodes; each one containing important financial tips and tidbits for doctors and medical professionals. You can also stay up to date on our podcast by downloading the Financial Clarity for Doctors Podcast wherever you find podcasts.
How Many Credit Cards Should I Have?
There is a false misconception that having multiple credit cards can hurt your credit profile. It’s okay and often suggested to have multiple credit cards, as long as you’re sticking to several parameters…
Do I Need Life Insurance? 4 Reasons Why You Might
Do I need life insurance? In an effort to cut through the advertising and confusion, here are four straightforward reasons you might need life insurance.
How Much Money Does a Doctor Need to Retire?
How much money does a doctor need to retire? It depends. That being said, there are some general guidelines that doctors can follow to know what to shoot for when it comes to retirement planning.
PSLF Overhaul: What You Should Know
The Department of Education is overhauling PSLF and trying to make it easier to qualify for loan forgiveness by addressing some of the main problems that have come up for borrowers. There are two main things to note in the PSLF overhaul announcement…
A Lesson From Turkeys
As you get closer to needing your money, you should reduce the possibility of a cataclysmic event devastating your investment portfolio, because you no longer have the time to let your portfolio recover. Don’t be a turkey. Don’t get too comfortable with how things are now, because it won’t be this way forever. Seasons come and go. Winter is coming and things will die off, which creates opportunities for a new life in the spring.
When Headlines Influence Your Decisions
Seeing a headline and jumping to a conclusion is called being human. We all do it. When you let headlines influence your decisions, especially major financial decisions, that can sometimes be problematic.
Living a Stealth Wealth Lifestyle
Stealth wealth has been gaining popularity in recent years. As the name implies, it’s the...
11 Ways to Teach Your Kids About Money
This post was originally published on December 1, 2020, and has since been revised and updated....
Is Starbucks Killing My Finances?
Is spending money on coffee over making your own coffee at home really bad for your finances? What about other convenient items? We dive into the financial implications today.
How to Qualify for Public Service Loan Forgiveness
Today we look at the steps one needs to take in order to get student loans forgiven via Public Service Loan Forgiveness (PSLF). It seems if you’re a physician or other medical professional you’ve likely heard of the Public Service Loan Forgiveness / PSLF program and the benefit it offers. Navigating student loan debt is an integral part of financial planning for physicians, especially in the early stages of their career.
6 Ways to Achieve Financial Success as a New Attending Physician
The 2019-2020 academic year is behind us, which means there are approximately 45,000 new doctors entering practice in America (according to the ACGME Data Resource Book). That’s a lot of new doctors who have a fantastic opportunity to achieve financial independence if they get started on the right foot. Today we are going to dive into six ways to achieve financial success as a new attending physician.
Should I Get Into Real Estate?
Doing your best to clarify your goals and objectives is helpful, along with diversifying. Owning income-generating real estate properties can be a great component of a well-rounded financial strategy for those who have an interest in that. However, you can also create a superb financial strategy without owning any commercial real estate or rental properties.