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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.

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.

A common topic that has come up in recent years in the medical community is side hustles for doctors. What side hustles can physicians engage in to earn some extra cash?

Have you wondered to yourself, “Are doctors rich?” Having a good income and being rich are different things. Learn more here!

Have you wondered how to make money while in medical school? Here are our top tips for how to make extra money in medical school. Learn more!

This post is all about wealth accumulation! Specifically, 6 ideas for how to accumulate wealth and accumulate wealth faster. My goal for all of you is to become Prodigious Accumulators of Wealth so you can achieve financial independence sooner.

This list is not exhaustive and it not exclusive to the LGBT. In fact, these tips should be shared with your family and friends and anyone of us who wants to protect our family’s financial future. We are living in some uncertain times so let us focus our energy on the things we can do rather than worry about what will happen. One thing we can do is make sure we take care of ourselves and do the things that work for our future regardless of what happens with the changes in the laws.

FatFIRE is what we are going to focus on today because that’s more fun, in my opinion. FatFIRE is where you achieve financial independence and retire early while living a more upscale lifestyle. The focus is more on aggressively saving a good portion of your income rather than keeping the spending to a minimum. This typically requires an above-average income-earning occupation to begin with, such as physicians, attorneys, or dentists. Since many of our readers are doctors, fatFIRE will likely appeal to you.

Often when I work with couples, one person takes the lead, and the other is silent or possibly even absent. It totally makes sense. Sometimes one person is interested, and the other just isn’t. The path of least resistance is to go with it. You can make things happen on your own, so why bother to rope your partner into something they couldn’t care less about?

April is Financial Literacy Month, we figured it would help boost people’s financial literacy by putting together a short glossary of common finance vocabulary and jargon. You would need an entire dictionary or encyclopedia to cover all of the terms, but below are some of the more popular financial words or phrases you might hear and what they mean.

For our readers who are still in training, you may be seeing another gift from Uncle Sam-soon. Or maybe you already have! These are crazy times, economically and personally. But even in crazy times, good things can happen. What do we do if those good things come in the form of “extra” money? A stimulus check, a bonus you didn’t think you would qualify for, or maybe even an unexpected inheritance. Do you pay down debt? Do you spend it? Do you save?

It’s tax season, so of course, we’re writing blog posts about tax tips for doctors. While there’s not much, you can do to improve your tax scenario for this tax filing. You can do a number of things throughout the rest of the year to put yourself in the best tax position possible next spring. That’s the thing about taxes – we typically file our taxes by April 15th for the previous calendar year. Once the year is over, there’s not much you can do after the fact. Therefore, the best tax tip I can give you is to start your tax planning now for next year’s taxes.