The High Cost of Living In A HCOL Region
When I worked on Wall Street, I lived in the Financial District neighborhood on the southern tip of Manhattan. The Financial District is actually...
Psychology Versus Math In Personal Finance
Many personal finance questions boil down to a decision between psychology and math. When deciding between two options, you can run the numbers and...
Is It Better To Use Cash Or Credit Cards For Purchases?
I put almost all of my purchases on my credit card. I use plastic even for tiny sub-$5 purchases. It’s convenient, I don’t have...
Ten Tips To Save Big Money On Residency Interviews
Applying for residencies is extraordinarily expensive. A major contributor to the expense of applying for residency is the cost of traveling for interviews. Unlike...
Aldi: Should You Shop At The Discount Grocer?
Founded in Germany, Aldi is taking America by storm by offering a great (but minimalist) shopping experience with lower prices than the regular supermarket....
The Child Tax Credit For Medical Residents
Many resident physicians will have children during residency, and you should be sure to get the tax credits and deductions you deserve for your...
Understanding The Medicare Physician Payments Database
In an era of increasing transparency in medicine, the Centers for Medicaid and Medicaid Services (CMS) has been publishing data on payments to individual...
To Boost Happiness, Trade Your Money For Time
A major focus of this blog is to help improve your finances and increase your net worth through shrewd, but simple investing techniques. But...
A Simple Retirement Calculator For Physicians
Retirement planning can be made endlessly complicated with terminology and complicated spreadsheets.
Many physicians get so intimidated by the alphabet soup of retirement planning that...
Are Emergency Funds Necessary For Physicians?
Emergency funds have been under fire recently. Once a bedrock principle of personal finance, the role of the emergency fund has evolved. Let's look...