Tag: Finance
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Should you rent or buy a home during residency and fellowship? This decision keeps many medical trainees awake at night. You’re earning a modest salary, carrying substantial student debt, and facing an uncertain future location. The financial stakes are high. Make the wrong choice and you could lose thousands of dollars or limit your career…
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Choosing between a fixed-rate and adjustable-rate mortgage (ARM) is one of the biggest financial decisions you’ll make as a physician. The wrong choice can cost tens of thousands of dollars over the life of your loan. Like many physicians, I faced this decision twice. When I bought my first home out of training, I chose…
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Cryptocurrency makes headlines every day, but the wild price swings keep many smart investors away. What if you could get the benefits of digital currency without the roller coaster ride? That’s where stablecoins come in. President Trump recently signed the GENIUS Act into law. This landmark legislation creates the first major regulatory framework for stablecoins…
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Moving to a new city for residency, fellowship, or your first attending job brings excitement and stress. You need a place to live, but timing your home purchase can feel impossible. Should you buy before you move? Wait until you arrive? What if you find the perfect house but haven’t sold your current one yet?…
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Buying a home represents one of the biggest financial decisions physicians make during their careers. The mortgage process can feel overwhelming, especially for busy medical professionals juggling patient care with complex financial choices. Understanding your options helps you make smart decisions that protect your wealth while securing the right home for your family. Most physicians…
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The One Big Beautiful Bill just passed both houses of Congress. This major legislation changes how student loan repayment works. As a physician, you need to understand these changes now. Current Borrowers: Your Repayment Plan Status Most physicians can breathe easier. If you’re already on Old IBR or New IBR, you stay put. Your payments…
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The One Big Beautiful Act just passed Congress and awaits the President’s signature. This massive budget reconciliation bill changes the financial landscape for physicians and high earners. The legislation affects taxes, healthcare programs, and investment strategies in ways that directly impact medical professionals. Understanding these changes helps physicians make smart financial decisions. The bill extends…
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The US dollar rules the world economy. It serves as the global reserve currency, which means countries hold dollars in their central banks as savings. About 60% of all foreign currency reserves worldwide are US dollars. When countries trade oil, gold, or other commodities, they often use dollars even when neither country is the United…
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Most physicians worry about retirement savings. You started earning serious money later than other professionals. Medical school and residency delayed your wealth-building years. Now you wonder if you’re saving enough compared to other doctors your age. The truth is physician retirement savings vary widely by specialty, location, and personal choices. However, clear benchmarks exist to…
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Physicians face unique financial situations that require quick access to cash. You might need funds for a home down payment, practice equipment, or emergency expenses. Traditional long-term investing won’t work when you need money within a few years. Short-term investing strategies help you grow your money while keeping it accessible. Short-term investing focuses on preserving…