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How Doctors Should Address Lifestyle Creep

The Motivated MD

Housing Aside from educational debt, housing is commonly the largest expense we will make in our lives. However, take the remainder of your pay raise (the other 90%) and use it to make sure you are maxing out all of your retirement accounts, paying down debt, saving for children’s education, and investing. You deserve it.

Finance 52
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Choosing to Rent or Buy a Home in 2025

The Motivated MD

There are also homeowners insurance costs, property taxes, flood insurance (depending on where you live), any upgrades to the home, utilities (sometimes included in rent expenses), upfront costs to include a downpayment, and closing fees. I do not provide nor engage in rendering legal, accounting, or other professional services.

Finance 52
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How Doctors Can Save More and Do Less

The Motivated MD

From the moment you start post-graduate education (internship and residency), this is seen as a physician’s first ‘real job.’ ’ Though it often does not come with the attending salary, medical trainees are getting paid to perform a service, and hospitals provide retirement plans to these individuals.

Finance 52