Tag: Personal Finance
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Discover the Locum Tenens Meaning and Its Benefits
As a practicing physician, I know firsthand how challenging it can be to balance career fulfillment with personal well-being. A few years ago, I found myself feeling constrained by the rigidity of traditional practice, yearning for more flexibility and diverse experiences. That’s when I looked into the potential of locum tenens work. If you’re unfamiliar…
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Tax Deductions for Nurses: What You Need to Know to Maximize Your Refund
When I first started looking into tax deductions for nurses, I was surprised at just how many expenses could be deducted. I suspect it’s not something they teach in nursing school, but understanding these tax breaks can make a huge difference in your finances. Like many of you, it feels overwhelming at first, but as…
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Breaking Down the Cost of Malpractice Insurance
When I first started my medical career, I didn’t give much thought to malpractice insurance. Like many of us, I was focused on patient care, learning new skills, and building my knowledge base. But as I moved forward, I realized how crucial it is to protect myself and my career from potential legal risks. Malpractice…
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Investment Strategies for High Income Earners to Grow Wealth
As a high-income earner in healthcare, I know firsthand how overwhelming it can feel to navigate the world of investing. Like many, I once thought that simply earning a great salary would ensure financial success, but I quickly learned that’s only part of the equation. Real wealth comes from making your money work for you—smartly…
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Understanding Resident Doctor Salary: What You Need to Know
The resident doctor salary varies by location, institution, and year of training but does not vary on one’s specialty. So make sure to do your research!
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Who Qualifies for Physician Mortgage Loans? A Quick Guide
Wondering who qualifies for physician mortgage loans? These specialized loans are designed for medical professionals, offering low down payments and no PMI.
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How Much Do Doctors Make? Your Guide to Physician Pay
When it comes to choosing a career in medicine, the question of salary often arises. I knew doctors do fairly well in the US but didn’t realize it was much more nuanced than I expected it to be. So whether you’re a college student buried in textbooks, a resident navigating long shifts, or a white…
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7 Personal Finance Books Every Healthcare Professional Needs
Managing personal finances can be a daunting task, especially for us healthcare professionals who are often busy with our demanding schedules. From medical school debt to planning for retirement, the financial journey of a medical professional is unique and requires tailored advice. Fortunately, there are several excellent personal finance books that can help you navigate…
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Is Disability Insurance Worth It? What Healthcare Providers Need to Know
Disability insurance is a topic that often gets overlooked in the hustle and bustle of medical training and practice. I didn’t pay it much thought until I transitioned into Fellowship when someone from our GME office mentioned it off the cuff. As a medical professional, your ability to work and earn an income is one…
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Expert Travel Nurse Tips for Every Journey
Ever since COVID hit, the number of nurses I have worked with that have done travel nursing before has exploded. The countless conversations I’ve had with them about their journeys, their wins, their frustrations and everything in between have opened my eyes to the crazy world of travel nursing. On the one hand, it offers…
