Money

Learn how to manage your money as a student and healthcare provider with our articles on student loans, budgeting, insurance, finding a job, investing, and other financial topics.

Six Smart Ways to Pay Off Your Student Loans

by

Attending college and earning a degree is a major accomplishment, but most people don’t have the resources to get their education paid for without help. While there are scholarship and grant programs available to help you out, loans are usually the popular option for students trying to pay their way through school.
The time to pay those loans back comes once you’ve stepped off stage and graduated. If you haven’t kept track of how much you owe, the final figure can be quite intimidating. To ease your stress, it’s important to financially plan and prepare for loan repayment. With that said, here are six smart ways to pay off your student loan.

Read more

Financial Considerations for the Student Doctor

by

I first started reading SDN as a medical student, more than a decade ago. In medical education, some of the best advice seems to come from those who are one year ahead of you in the medical education pipeline. SDN allowed me access to more people ahead of me in their training (and the very useful information they would provide) than I could find playing foosball in the lounge at school. As I progressed through the pipeline, I found myself receiving less and less information and dispensing more and more. As residency becomes a more distant memory each year, I can assure you there is light at the end of the tunnel. Residency is survivable. You will eventually feel competent in your specialty. You will make great friends and actually save some lives. Those five-figure paychecks will eventually start rolling in, and if you manage them well, will provide you a comfortable life and retirement.

Read more

Getting Ready For Private Practice

by

I remember the time I was a senior resident. It was the beginning of my final year of postgraduate training. I knew I had decisions to make. I was conflicted. Would I go into academics or would I go into private practice? This was the first question I needed to answer.
Throughout medical school and residency, the allure of academics and the urging of my professors had led me down the path of academics. The collegiality and sense of purpose with academics made this a difficult choice for me. I did not want to disappoint my professors. However, I wanted to get into private practice. Honestly, I wanted to make some money. It had been a long haul, and twelve years of education and training had brought me to this juncture. I had no debt, thankfully. But I had no money either.

Read more