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    New attending physicians and big purchases: should you buy or not buy...

    For new attending physicians, moving from a training salary to an attending salary will be a huge change and will seem like a ton of money. But there are things to consider when thinking about where to put your new paycheck. So should you buy or should you not buy...
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    Tags: Financial Planning, Transition


    Your First 90 Days as an Attending: Big Paycheck, Bigger Opportunities

    For all the new attendings just starting practice—congratulations! Completing your training program is a huge accomplishment. And happily, you’ll now be receiving paychecks that are commensurate with your education. The first paycheck after residency will be a big change, but don’t spend it all without having a financial plan in place. So what do you do with all of that extra income?
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    Tags: Financial Planning


    Dealing with medical student loan debt

    Physicians today are graduating medical school with a higher average medical student loan debt than the residents and fellows who came before them. The need for physicians is pressing but the cost to become one is higher than ever. Medical student loan debt can stifle financial success and curtail personal goals if it’s not dealt with properly.
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    Tags: Financial Planning, Student Loan Debt


    As a physician, do I really need a budget?

    Congratulations, you've landed your first job out of training and you are now making considerably more income than you ever have in your life! As a resident or fellow you likely had no problem allocating your income as it was enough to cover your obligations, but what do you do now that you have much more income to deal with on a monthly basis? While it might be tempting to go out and spend your extra income, that will do little to grow your wealth. Assuming you do intend to grow your wealth, then making use of these basic physician budgeting tips can be a great way to manage your money.
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    Tags: Financial Planning


    Physician investing—when should you start?

    You've likely noticed a nice benefit to completing your residency – the increased salary! With the average starting salary for many physicians being at least $150,000 to upwards of $300,000 (if not more) physician investing is certainly a serious topic. This begs the question though of when to start. If you follow conventional wisdom, the time to start investing is now.
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    Tags: Financial Planning


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