Key Takeaways: 20% of gross income is a common baseline: Given the late start in medicine, many physicians treat 20% as a floor rather than a target. The right figure depends on your income, debt,… Read More

Key Takeaways: Net worth is a clearer measure of progress than income: A high salary can create the feeling of wealth without building much of it. Net worth tracks what you keep and grow, which… Read More

Key Takeaways: A financial plan is a system, not a pile of accounts. A financial plan ties your accounts together toward a specific goal. This example walks one physician from scattered starting numbers to a… Read More

Key Takeaways: The real trigger is overlap, not income. Once your student loan strategy, tax bracket, retirement contributions, and insurance decisions start affecting one another, they typically become harder to manage as separate problems. Certain… Read More

Key Takeaways: Yes, and earlier than most doctors think. You don’t need a big pile of money for a plan to be worth it. You need one when a bunch of money decisions start landing… Read More

Last updated: The physician mortgage loan, sometimes called the doctor mortgage loan, exists because medical professionals face a lending problem that doesn’t affect other careers. High student loan debt and a lower income during residency… Read More

Key Takeaways The attending transition works best with a defined cash-flow system. Benefits, loan direction, reserves, protection, and automatic contributions generally need a plan before recurring expenses absorb the raise. Mid-career wealth benefits from clearly… Read More

One of the most common questions we get is “how do I build a budget as a medical resident?” This came up when we first moved to Philly in 2015, and we had our new… Read More