Tag: Finance
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I remember staring at my first attending paycheck with a mixture of excitement and confusion. After years of resident salaries, the numbers were larger – but so were the deductions, and what exactly was an RVU? This guide breaks down everything I wish I’d known about physician compensation when starting my career. Physician Compensation Models:…
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Just as I remind parents to schedule their children’s annual check-ups, I recently realized I needed my own financial wellness visit. After finding a concerning “lab result” (my credit card statement after the holidays), I knew it was time for a thorough financial examination. Let me share what I’ve learned about conducting regular financial check-ups…
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As a pediatrician and parent, I’ve experienced firsthand how challenging the journey to financial literacy can be for medical professionals. Between managing a busy practice, keeping up with well-child visits and sick kids, and trying to maintain work-life balance, many physicians find themselves equipped with exceptional medical knowledge but uncertain about financial decision-making. Let me…
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Every stage of a medical career brings unique financial challenges. Whether you’re drowning in residency debt or wrestling with partnership buy-in decisions, knowing that others share your concerns can be surprisingly comforting. Let’s explore the common financial challenges at each career stage and discuss practical solutions. Early Career: Managing the Transition The leap from resident…
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As physicians, we’ve dedicated years—no, decades—to mastering the most complex human system imaginable: the human body. We’ve navigated grueling training, countless exams, and life-and-death decisions. Yet, when it comes to managing your own finances, you might feel like a medical student struggling through rounds. You’re not alone. In fact, you’re in good company. The Hidden…