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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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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 know firsthand how much anxiety can come when deciding to rent or buy a home. 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