Monday, February 19, 2018
credit card, physician wealth services
Many medical students and residents use credit cards throughout their training to help cover their expenses, and if that’s you, you’re not alone. In fact, the average credit card debt for a U.S. household carrying a balance is over $16,000. In addition to having debt, many Americans have more debt than savings too. If this is you, you probably realize...
Hiring a financial advisor is a big decision. After all, you’re hiring someone to help guide you through some of life’s biggest decisions. Your financial advisor can help you decide what type of car and house you can afford. You’ll go to them to make sure you’re saving enough for your children’s college education. You’ll even seek their advice on the...
physician surveys
As a physician, I am always looking to supplement my income. Surveys are a great way to do that on your off time. Initially, it was hard to find surveys that paid well and/or catered toward physicians. Over the years, I have compiled a nice list of physician survey sites and their specific contact information. Some physician surveys can...
SoFi Refinance
Being married to a busy professional typically comes along with student loans and tons of debt.  Friends of ours will often joke about how they would love to "roll in the dough" like we do.  What they almost always forget, is with a great job title and income typically comes an even greater debt load! DMD Lifestyle is proud...
Buying a home can be a really fun process, but it can also be overwhelming. After all, there are a lot of different options for physicians when it comes to home loans. Plus, let’s be honest, after spending so much time in school and in training, it’s really important that you find a house you love – something you...
physician wealth services buying a car personal finance doctor
Whenever I meet with a client for the first time to create their financial plan, the topic of buying a car always comes up. My clients usually want to know how much can they afford to spend on a car, and what is the best way to buy a car. They want to feel like they’re getting a great...
It’s hard to find quality financial advice that is specific to physicians and student debt. That’s one of the reasons I started my firm, Physician Wealth Services. It’s also why I was so angry when a client sent me this clip from the Dave Ramsey show where a young doctor called in and got terrible advice. If you’re not familiar...
There’s nothing more exciting than matching into a residency program, especially after four years of enduring medical school. Plus, with that new work contract often comes new colleagues, a paycheck for the first time in a long time, and perhaps a new city to live in. This is also the time that many young doctors think about buying their...
Over the past few days, I’ve received several e-mails and phone calls from my physician clients asking me what to do about the Equifax data breach. So, I thought it was important to quickly explain what the Equifax data breach means, and what to do if you think your information might be compromised. WHAT IS THE EQUIFAX DATA BREACH? Equifax is one...
Doctors, above anyone else, know exactly what an emergency looks like. If your PM is anything like mine, Im sure you have heard the stories... That time they did chest compressions on a kid while in medical school or the time when that mother delivered a baby before she could make it to her hospital room? Yep, those were emergencies. Of course,...

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