The Hospital
With so many different physician financial blogs out there, it is tough to keep track of all the great content being published on a daily basis.
Part of my daily routine was to visit as many physician blogs as I could and see if there was any new content to read.
This soon became quite time consuming as the number of physician bloggers continued to expand.
I thought to myself, “Wouldn’t it be so much easier if I could go to one site, see a list of all the latest posts by all the physician bloggers, and pick and choose which ones caught my eye?”
That is why I created The Hospital, a place where all the physicians can be found under one roof along with their contributions to the medical/financial library.
These posts will be listed in chronological order (newest at the top) and updated every other hour.
Bookmark this page and make visiting it a part of your daily routine to ensure that you will never let your prescriptions to these blogs expire (you can think of this page as the Anti-Apple (you know, the one that keeps the doctors away).
[If I have inadvertently left out a physician blog that would like to be added to the Hospital, please send me your credentials via the contact form and I will grant you hospital privileges]
My latest post:
In the beginning of my financial journey, I envisioned retiring around the age of 53. The reason for this odd mile marker choice was that this would be my age when my daughter went off to college. I figured if I retired earlier I would still be ... read more
The Doctor’s Lounge:
- We need physician leaders who understand our problems
You cannot work in medicine today without being inundated with burnout statistics and commentary on your feed, coming to your inbox, or spoken from stages about the state of medicine we are in. The data is dire: we are disengaged, we are making mistakes, we are not heard, and we ... read more - Journal Club 10-22-19Every other week, I hold a JOURNAL CLUB. After manually filtering through the millions of articles out there on the web, I present a few that impacted my life this month. Here’s our Journal Club for the week, enjoy! There’s a reason you should retire early and it has to ... read more
- How to Put your Paycheck to Work
Can Offset Accounting Help You Reach Financial Independence? How can you more efficiently use your paycheck to reach Financial Independence? Can offset accounting help? Offset accounting is defined as using one account to offset or reduce the balance of another account. So, for instance, you have a bank account ... read more - Know When To Fold ‘Em: Transition To A Conservative PortfolioIn the beginning of my financial journey, I envisioned retiring around the age of 53. The reason for this odd mile marker choice was that this would be my age when my daughter went off to college. I figured if I retired earlier I would still be ... read more
- A Two Million Dollar Book: The Physician Philosopher’s Guide to Personal Finance
Early in 2019, Dr. James Turner, an academic anesthesiologist, published The Physician Philosopher’s Guide to Personal Finance: The 20% of Personal Finance Doctors Need to Know to Get 80% of the Results. He had been writing under the moniker “The Physician Philosopher” on his own website for over a year ... read more - Quit Buying Cars On Credit – 15 Reasons to Pay Cash
I was involved in an interesting chat on Bogleheads a while back. There was a new attending who had a $12,000 car loan at 5% he was considering paying off. I told him this: Quit buying cars on credit. Pay this one off ASAP and then keep putting the payments ... read more - Your Medical Career #illumedati #medtwitter
Hey everyone, it’s Medicine Mondays again. Today I’m going to talk a little bit about “Your Medical Career”.
Stock Photo from Joey Kyber at PexelsYour Medical Career I’ve talked about it a little bit before in ... read more - Kara Pepper, MD
(SoMeDocs Databank) Name & Credentials: Kara Pepper, MD Specialty: Burnout Location: Atlanta, GA Topics I cover: Enhance wellness in busy physician lives. Promote joy in the practice of medicine. Support colleagues in reaching their personal and professional goals. What makes me STAND OUT: ... read more - Your Relationship With Money Starts With These 7 StagesChallenge Your Relationship With Money–and Win! What is your relationship with money? The answer is that you probably never realized you had an actual “relationship” with money. You took it for granted as you worked that you either had money–or you didn’t have it. You might have had an inkling ... read more
- Get Back To Owning Your Career In Medicine
I’ve been out of training now for several years and in that time I’ve seen quite a bit of change in medicine already. Independent doctors are becoming the minority. A career in medicine for physicians is shifting from business owner to being employed by an investment group with a primary ... read more - What’s Up Next Podcast: Episode 59
What’s Up Next? Paul Thompson and I are proud to release episode 59 of The What’s Up Next Podcast. This podcast is an exploration of financial independence and taking the conversation to the next level. The show features panel discussions with top influencers in the financial independence space. Guests ... read more - Fawcett’s Favorites 10-21-19
Every week I run into a few articles that I feel are especially valuable, so each Monday I plan to share some of the best with you, my readers. I hope you find them helpful. This week’s favorites include active vs passive real estate investing, tips to avoid student loan ... read more - 5 Reasons to Pay Off Your Debt (Instead of Investing)
One of the most common questions that I get asked is about paying down debt or investing money in the market. It is a natural question when people start diving into the 20% of personal finance they need to know. While the answer to this question always depends on the ... read more - My Year Of Unprofessional Haircuts
A few years ago, a provocative concept became the basis for a most amusing book entitled, "Not Quite What I Was Planning." The conceit was that, similar to the title, the book consisted entirely of six word memoirs submitted by persons ranging from the ... read more - The best sites that offer paid surveys for physicians
A lot of companies conduct surveys to know what get in the heads of physicians. Here are my top 5 paid survey websites that you can do anytime, anywhere. This post originated from Look for Zebras. Thanks for reading and subscribing! ... read more - Frugal Hack: Halloween Costume
Looking for a warm, easy, frugal Halloween costume that will get you the most bang for your buck? Look no further. Tis the season of ghouls, ghosts, and transient costumes that will get worn once and ... read more- 13 Pros And Cons Of Owning Storage Units
13 Pros And Cons Of Owning Storage Units A friend of mine owns a local specialty pharmacy distribution company but also does quite a bit of real estate investing on the side. It seems like the more successful people I talk to, the more I find out that they also ... read more- Financial parasites in the healthcare world
Healthcare is big business, with medical practices vying for contracts, hospitals undergoing facelifts in order to cater to patient experiences, and insurance companies making deals with pharmacies. Some of these arrangements are negotiated in the name of reducing healthcare spending, but there has to be some skepticism when for-profit entities ... read more- Our Top 7 Landlord-Friendly States
Summary: When looking for your next real estate investment property, choosing a state with landlord-friendly laws can make a big difference. Fortunately, we’ve done some of the heavy lifting for you: here are our top 7 states with some of the most landlord-friendly laws. It goes without saying that ... read more- Are Robo-Advisors And Emperor Investments Worth It?
Robo-advisors like Emperor Investments are becoming more popular investment strategy among millennials, here are what you need to know about Robo – advisors and why you should consider starting with one. Perhaps the robots are finally taking over the world. In my early days of investing, I started with a ... read more- Alternative Careers in Medicine – Unlisted Jobs
It’s 2019 and knowing what to search for on the internet, as in, what keywords to use is critically important so that you get the right answer. If you do an online search for “alternative careers medicine”, you’ll likely get the same old stale shit that’s been beaten to death. ... read more- The financial website that will save you millions of dollars
If you want to get your finances in order and don’t know where to start, then you need to be visiting the Bogleheads on at least a weekly basis. We often type “Bogleheads” and whatever questions we have into google and click on the links that come up. Just starting ... read more- How my Tesla Model 3 saves me $200 a month in fuel costs
I’ve had my Tesla Model 3 since August 2018, so roughly 15 months. Over this time period, I’ve driven it almost 31,000 miles. The vast majority of this driving has been from my commute, which is 80-100 miles round trip (depending on my route). In this post, I go over ... read more- Book Review: The Four Tendencies
I’m a longtime fan of Gretchen Rubin and have been wanting to review this book since it was released. She conceived of The Four Tendencies framework while writing Better Than Before, so she’s been discussing it on her podcast and on her blog for a while now. Alas… despite knowing ... read more- Sharing an essay by a brave mother in medicine
I am thrilled to share this powerful essay by physician mom K. Hope Wilkinson. In "I'd Rather Be Dead", published in the October 2019 issue of the Journal of Graduate Medical Education, she writes honestly about the attitudes she encountered after the birth of her special needs daughter.The opening paragraph ... read more- What is a Credit Score?
Everyone knows that credit scores exist, but ‘what is a credit score?' is a question we often hear. Credit Score Basics A credit score and a FICO score are the same thing. It is a number that can range from 300-850. A credit score represents how likely a person is ... read more- Are you numbing your emotions by spending money?
Recently I attended a retreat called BeWealth run by One of Many and Dr Joanna Martin. During this weekend, I attended a session on leadership, and learnt about vulnerability. To be vulnerable is to be a leader, and it was through this that I had a valuable insight that I ... read more- Physician Burnout Statistics, Definition, and Treatment with Personal Productivity
I work in an academic hospital and have personally known 3 physician suicide victims including residents, fellows, and attendings. I started to really wonder, what has been causing such an epidemic and are their ways to treat or prevent it. I am not a burnout expert, but I have ... read more- Remember the Bad Times: Step 10 to Empowering Yourself.
Those bad experiences can teach you so much about yourself. The post Remember the Bad Times: Step 10 to Empowering Yourself. appeared first on BeThree. ... read more- How to Invest In Hotels
Back in the day, I used to play Monopoly, the board game. Now, I play with my kids. I’d buy some properties, put little green houses on them, and then trade up for red hotels. Whoever had the misfortune to land on them would have to pay up big ... read more- Two Southwest Companion Passes: Free Travel For A Family Of Four
Two Southwest Companion Passes: Free Travel For A Family Of Four Traveling as a family can be really expensive. Once a child is two years old, it is mandatory to pay for their own seat on a plane. If you’re bringing a stroller and multiple bags, you may have to ... read more- How Much Will I Earn Throughout My Career?
Although the practice environment, the hiring physician’s personality and character, location, work hours, scope of practice, vacation time, etc. are all importantread more How Much Will I Earn Throughout My Career? ... read more- Economic Metrics – Yield Curve Inversion
Typically, the return on longer-term bonds yields a higher interest rate than that for shorter-term bonds. This makes sense as investors expect to be compensated for the inherent risk and unknowns in holding a longer duration investment. Although various length of bond maturity yields can be compared, ... read more- Living In A Game
I’ve been thinking about automation. Automation is disruptive. It improves efficiency at the cost of jobs. People wave their hands at this like somehow 3M idle truck drivers are going to solve their unemployment easily. This is what happened to this country. Billionaires and politicians shipped our jobs to Mexico ... read more- Self Care In The Field Of Medicine
Self Care In The Field Of Medicine By: Sabila Siddiqui By the demands of our life, we lose in touch with our emotions – feel our inner selves drifting away to the point [...] The post Self Care In The Field Of Medicine appeared first on #Lifeofamedstudent. ... read more- Sarah Catherine Gutierrez of Aptus Financial
In today’s episode, we speak with Sarah Catherine Gutierrez of Aptus Financial. She is an industry expert in all things financial and can help you understand the best way to plan for your retirement. Don’t miss out as she explains her easy to use, “Savings Waterfall,” method to help ... read more- Your Money Beliefs Are Probably Not Serving You
Did you know that you have money beliefs? First, let’s define beliefs: Belief, noun 1. a state or habit of mind in which trust or confidence is placed in some person or thing 2. something that is accepted, considered to be true, or held as an opinion : something believed ... read more- Budget and law proposals don’t matter: PSLF will work for people who already have loans
If you took out federal student loans after 2007, the master promissory note—the legal contract between you and the US government—had this buried in it: A Public Service Loan Forgiveness (PSLF) program is also available. Under this program, we will forgive the remaining balance due on your eligible Direct Loan ... read more- The Magical Beauty Of Compound Interest
No concept in in investing has ever held my respect like that of compound interest. When I first started reading up on personal finance and investing few years ago, I had a cavalier attitude on most of the topics I was fast learning about. Until it got to the topic ... read more- Building Holistic Wealth Through DIY Home Maintenance
I took a bit of a blogging hiatus this summer to focus on motorhome vacations with my family. That time was also spent reflecting on life, what true wealth is and how to build it. Anyway, now I am back to writing. This week I explore building holistic wealth via ... read more- Checkup – September 2019
Welcome to another Dr. PayItBack monthly checkup! I use this space to remain accountable to our expenses and goals, track net worth and debt, and muse on what was done well and what can be improved. September marked my first full month of attending salary, and it was a demonstration ... read more- Johns Hopkins CTY Summer Program, Part II: a Teen’s Reflection on the Experience
(a teenager’s take on CTY Johns Hopkins Summer Program) My teenager’s home. That means that I get to experience the grunting and the groaning for myself, and in real time. Not just through the phone like we’ve been doing […] The post Johns Hopkins CTY Summer Program, Part II: ... read more- Our Narratives
Let me tell you a story about two children… The first was conceived with the help of fertility drugs after years of anticipation and born at Yale. She had the love and attention of her two parents and a live in nanny before going to an elite Montessori school. ... read more- New addition: Financing a family of 4!
It’s been some time since we’ve written, but we have a good reason… The Darkos are now a family of four! We recently welcomed our second child, a beautiful baby boy, into the family. Getting pregnant again ... read more- A Plea to My Fellow Physicians
If you follow financial websites, please stop making comments like: "wives treat their husbands like work mules"* or "this is the first time I have said that a wife wasn't spending too much"* or "women love to spend on houses"* It's bad enough that I have to spend my time ... read more- Why Aren’t You More Resilient?
You weren’t even alive long enough for me to see your face, little one. But I remember every detail. The overhead page for a pediatric rapid response team to the main lobby. Running into the pediatric social worker as I stepped out of the stairwell, casually adopting her stride as ... read more- A Career in Ob-Gyn is Going Through a Metamorphosis
An ectopic pregnancy waits in the emergency room. Meanwhile, your pregnant patient in labor and delivery is ready to push, and the office is calling about a postoperative issue on your hysterectomy patient. Such is the life of a busy general obstetrician/gynecologist. The variety of practice and utilization of an ... read more- Why should physician entrepreneurs have a podcast?
Podcasting continues to be a topic of conversation at all the major marketing conferences I have attended in the past few years, it seems like everyone has one! Well, they should and so should YOU since it is an easy marketing tool and powerful at building social credit. Physicians need ... read more- If We Don’t “Playing With FIRE”, We Will Get Burned
Tonight I consummated a long distance virtual love affair with “Playing With FIRE: The Documentary”. When Coach Carson and his wife Kari invited me to join them for this indie screening in Greenville, SC, ... read more- A Dozen Dumb Money Mistakes Doctors Make
Even smart doctors do one or more of the dumb dozen. Don’t be like that. Know about these risks. I have had the privilege of working with dozens of brilliant,… Read MoreA Dozen Dumb Money Mistakes Doctors Make The post A Dozen Dumb Money Mistakes Doctors Make appeared first on ... read more- Why I Blog and Why I Don’t
Boy have I been itchin’ to blog lately! Except… I haven’t been. So I felt like it was time to talk a little bit about why I blog and why (and when) I don’t. Basically, it boils down to my needs, in combination with my priorities. In exploring my reasons, ... read more- How to Prepare for Life After Residency
Burnout and Finance I was recently asked to speak to a bunch of medical residents about my story of burnout and my general philosophy on finance and life. I declined for a variety of reasons, but upon reflection I realized that this was a topic I had not addressed. This ... read more- 3 Solutions: When a Physician-Med Mal Defense Lawyer Relationship Goes Wrong
I had a great medical malpractice defense team. Two partners defended me, and each struck me as knowledgeable and honest from the outset. I’m not alone, insofar as most physician-defendants I meet describe their med mal defense lawyers in glowing terms. Now and then, however, I hear from a physician ... read more- Mental Healthcare, Still Excising the Stone of Madness?
My phone rings. I stop walking. The sudden change in velocity causes the gravel under my feet to let out a slow grinding noise. I often walk the gravel roads on the edge of town when things are slow, even at night. Maybe especially at night. Getting away from the ... read more- Ep 52 Surprise (Balance) Billing — Amy Mecozzi Cho, MD
On this episode, my guest is Amy Mecozzi Cho MD, an emergency medicine physician in MN who is passionate about making sure physicians voices are heard, particularly on the issue that is all over the news lately, Surprise (Balance) Billing. This is when the medical group providing the care charges ... read more- Financial Boot Camp- A review
The following post (Financial Boot Camp- A review) contains affiliate links. If you click on any of the links and purchase a book or course, I will make some money. We are talking about firing your financial advisor, so hopefully I can save you some money while making some money! ... read more- The last day
About to board our final flightThere is an entire continent (South America) that we have not posted about yet – we are a little behind, but those pieces are coming. In the meantime, even if it throws our little blog out of chronological order, I felt compelled to capture the ... read more- THE FINALE: Evaluating Funds Part VI: What Else Is There?
Never forget these two axioms: Money frees us, but its pursuit may enslave us. It’s not how much you have at the end; it’s how much you could have made. Let me first give all of you my profoundest apologies for my recent 4-5 month sabbatical. Secondly, let me explain ... read more- Stop Wasting Seconds and Add Weeks to Your Life
It’s Day Two of Amazon Prime Day — check out my Amazon storefront for some recommended products. We earn a small affiliate fee if you buy through this link, but a portion of every purchase goes to charity. I’m not a paragon of efficiency — I “waste” my share ... read more- To Hustle or Not To Hustle?
There is an inherent dilemma with physician side hustling. There is nothing I could easily do that makes as much money as picking up a moonlighting shift or two each month. By far, moonlighting is the best return on time that I can do in the short term. Yet, ... read more- IS 2019 THE RIGHT TIME TO REVISIT MUNICIPAL BONDS?
With the recent tax law changes and fear of an upcoming recession, is it time to take another look at municipal bonds and other tax advantaged funds? Munis may seem like a perfect investment to add to your taxable space in your portfolio. Especially if you live in a high ... read more- Hey Doc, night shifts are slowly killing you
I recently met up with my friend, an anesthesiologist, who said: “Ever since I turned 40, an overnight call is getting tougher and tougher to recover from”. Speaking with other … ... read more- Debt Consolidation vs. Debt Settlement
You’ve made a commitment: you’re going to pay off your debt. The question, now, is how best to go about it. A starting point is to calculate potential savings with a debt consolidation calculator. This is really looking at savings based on a lower interest rate over a set period ... read more- Maximizing U Texas Retirement Accounts with ORP (2019 edition)
Last year, I made a lengthy video and post Facebook Live Episode 3: $73,500 into U Texas Retirement Accounts discussing the U Texas Retirement accounts using 2018 limits. Please start there and review that video and post first! For 2019, the limits have changed IRA: $6,000 401k: $19,000 (employee deferral) ... read more- These Are Days
I’m not prone to displays of emotion—public or private—which is why I was surprised to find myself welling up with tears at Target the other day. It wasn’t the diversity of 99 cent knickknacks or the intoxicating smell of buttered popcorn that got me going. No, it was that ... read more- Dr. Roboto: Will Artificial Intelligence in Medicine Replace Doctors?
Have you noticed all the talk about automation and artificial intelligence over the last few years? When I was a kid, the only discussion I ever heard about it was the 1983 song Mr. Roboto by Styx. Most people my age will remember that heavily synthesized track featuring the catchphrase ... read more- Should We Reject the Moving Allowance: Contract Negotiations
As we close in on a pair of jobs, the nitty-gritty details of this complicated life-event are coming out. Today, I am focused on a line-item in our contract negotiations: the moving allowance. This benefit has been a fixture of the recruitment package for young doctors for quite some ... read more- Don’t Compare Your Investment Returns With Others (Especially On The Internet)
Investors are competitive people. When I was a Wall Street trader, work was all about the P&L (profit & loss). Higher P&L meant higher bonuses and faster promotions. A low P&L could mean getting laid off. Regular investors, like professional Wall Street traders, also want to get high investment returns. ... read more- The ‘Woman’ Physician
I’m often asked to write and speakabout being a woman physician. I don’t know that any of my male physician colleagues have ever been asked to talk about being a male physician. Many hospital systems have women in medicine groups, and there’s now a National Women Physicians Day. Again, don’t ... read more- VagabondMD Has Two Jobs…..FIRE?????
I was gonna quit…instead, I found my dream job Three years ago, it looked like my medical career was grinding to an unhappy end. There was deep burnout and no obvious way out. Fast forward a couple of years, and I just inked a deal for a dream job in ... read more- Thrifty Moving in 2018
Resident Physicians may spend $80 Million moving this year. Are you serious? Yes. Read on. Moving has got to be one of the most loathful things to ever do in anyone’s life. Honestly – who out there, if asked to raise their hand, would support the notion that they ... read more- Merry Christmas! Keep Calm…
Hey everyone. Sorry for the long hiatus. I've been wanting to update the blog for some time now but let's just say IR fellowship is turning out exactly as advertised. For those unfamiliar with interventional radiology training, it is more intense than anything ... read more- Tax Rules That Help You Invest? – Pay Off Debt Or Invest Early Series
(This is a post series on a complicated topic. I will be the first to say debt is an incredibly emotional concept and there is no “right answer” for anyone. Similar to my discussions around asset allocation to bonds/equities, each individual has to take stock of their own behavior when ... read more- Why Buying a House is the Best Worst Financial Decision You’ll Ever Make!
Hi everyone, my wife and I spent part of our last two weekends house shopping and I hated it (but if I’m being honest, I kind of didn’t). As I’ve referenced before, I’m a father of two young children and we currently live in the city. And while we’re lucky ... read more- The Tax Loss Harvesting Charitable Giving Tango
When the Market Gives You Lemons, Harvest That Delicious Fruit! When the market is having a bad month and pundits like Jim Cramer are trying to figure out how to “game” the pullback, FIRE bloggers start implementing their own version of gaming the system: tax loss harvesting. Bloggers like the ... read more- A Year of Blogging
Doctors On Debt is a year old! It’s hard to believe, but it’s true. We’ve been admittedly inconsistent in our blog activity. We go in spurts of inspiration and apathy. One thing is for sure: We’ve learned a lot about what it takes to run a blog. Do you ... read more- What Doctors Need to Know About Getting Paid: RVUs and More.
Are you looking for a new job or staying put in an old one? Regardless, it is important to know how you are being paid and formula behind a doctor’s salary. I must admit I had next to no knowledge when it... The post What Doctors Need to Know About ... read more- The Land of Critical Mass
If you’re doing investing right, you’re saving a large percentage of your income every month (like 25-50%) and stuffing it into stocks, bonds, and real estate investments. At first, even with a high savings rate, your net worth will be low and the money made by your investments will also be ... read more- I’m not doing Christmas Cards this year.
I’m not doing Christmas Cards this year. And that’s ok. What, you say? Christmas has passed? It’s 2018 already? Oh. Well, we were pretty busy there over the holidays now weren’t we? I love love holiday cards. Love them. Love making ours, love receiving everyone else’s. Love putting them up ... read more
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- 13 Pros And Cons Of Owning Storage Units