As residency comes to an end, it’s time to start planning your financial future.
Sources:
1. Physician salary report 2021: Compensation steady despite COVID-19
2. What medical residents are paid—and what they really think about their bosses
3. Education Data – Average Medical School Debt
4. Nerdwallet – How to Save for Retirement
5. Doctor Disability – Disability Statistics
6. Empowering […]
While the experts talk about the need to lower the financial burden associated with attending medical school, the reality is that student loan debt is higher than ever. Add together undergraduate loans with medical school debt, and some have calculated the total average student loan debt for graduating physicians to be as high as […]
After years of education, you are finally earning money. However, you are not yet bringing home a doctor’s income. In 2017, the average salary for a medical resident was $57,200.[i] So you have to manage it wisely. Here are eight tips to get you on the right track financially.
1. Create a Budget and Live […]
Young single residents often believe there is no reason to buy life insurance. After all, most people buy it to protect their spouse and children financially in case they pass away. Since single residents don’t have a wife or husband to protect, and they also usually have an edge on life expectancy, why would […]
As a young physician, you’re in the early stages of a challenging, yet rewarding career. You no doubt have a lot of things on your mind such as where you’ll practice in the future, if you’ll venture into a solo career, and how you’re going to pay back your student loans.
One thing you may […]
If you’re an aspiring family physician, you’re probably getting ready to attend this year’s AAFP National Conference of Family Medicine Residents and Medical Students. There, you will have the opportunity to explore residency programs, attend educational workshops and courses, meet future employers, connect with your peers, and share your passion for family medicine. As […]
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