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 […]
It should come as no surprise that today’s family physicians are starting their careers in more debt than ever before. In 2008, the average debt load for medical school graduates was $155,000. As of last year, the average student debt is now $183,000, according to the Association of American Medical Colleges (AAMC).
About 68% of […]
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