Tales of the physician and the plumber.

I recently learned from our mail man/ neighbor that an average physician starts catching up to an average plumber financially (in net worth) at age of 57.  *While this number isn’t the most accurate, it’s probably quite close to the reality. The plumber starts working at age

Tips for a 4th year med student: Interviews

The best medicine is (primary) prevention. This applies to physical and mental health, as well as financial fitness. Audition rotations are expensive. Do them close to home and get your recommendation letters there. A separate post will help you decide whether

When 15 months of 0% interest rate run out…

Here is what I did next, Check my credit score (always, know where you are before you pounce) Apply for a card with good balance transfer offers (fee should not exceed 2-3% for 0% APR of 1 year) If you can

How credit card companies compete to save me interest on student loans :)

With my income of 50k as a medical intern, there is just NO WAY I can pay my student loan down as aggressively as I have been. I graduated from medical school with 51k of student loan. How in the world

#1 Financial rule I lived by in med school

  Minimize and delay borrowing student loans as much as possible Goes without saying, the more you delay the onset of loan origination and associated fees, the more you delay interest ballooning. Time value of money is against as when someone

Posts to come, tell me which ones you want the most!

Minimize Debt for all: $10k student loan after $1/2 mil post secondary education.  Near zero net worth after getting 400k medical degree in May 2014. Net positive college grad. To B or not to B: bankruptcy vs. forgiveness. Why I don’t have to wait for

Do it right; so you need No forgiveness-Part II

5 reasons I manage debt actively instead of hoping for forgiveness in 20 years.   Getting forgiveness is a hassle (each year you have to reapply for it. Rules and disclaimers are bound to change.) The projected forgiveness amount is the

Do it right; so you need No forgiveness-Part I

  Forgiveness program is not all that forgiving. This is a post for those beyond living on borrowed money as students but have yet gotten to the end-of-the-tunnel where fully realized income potential illuminates. In medicine, this transition between accruing student loan debt and

Hello world!

I am the product of unconventional Chinese parents. They did not force me to be a doctor, lawyer, or engineer. They neither cared when I was the bottom of my class in first grade nor pushed me to be a virtuoso

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