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How Doctors Should Address Lifestyle Creep

The Motivated MD

Though I adhere to commonly agreed upon personal finance advice such as living ‘like a resident’ and well below your means, if you are overly frugal, you will deprive yourself of the enjoyment that is deserved when your income grows. ’ Having a high income and being wealthy are not synonymous.

Finance 52
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Be The Market: How Doctors Should Invest Their Money

The Motivated MD

The Three Fund Portfolio, originally popularized by the Bogleheads’ community (a community dedicated to the practices and advice of Vanguard founder Jack Bogle), is a very simple strategy for intelligently investing your savings. These claims are, of course, bogus. We want to know that our investments are simple, safe, and effective.

Finance 52
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Choosing to Rent or Buy a Home in 2025

The Motivated MD

I found this to be true in my life, and I think that for those in healthcare professions with prolonged training, it can be even more difficult. I rented until I was 32 years old and finally decided to purchase a home during the COVID-19 pandemic , and even then, it was a very difficult decision to make. This is no easy feat.

Finance 52
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How Doctors Can Save More and Do Less

The Motivated MD

A study by Johns Hopkins in 2016 found that medical errors may potentially be the third leading cause of death nationwide. ’ 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. So yes, humans make mistakes.

Finance 52