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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. Expensive Hobbies The last culprit I commonly see pressure finances are expensive hobbies.

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

The Motivated MD

As I continue onward in my journey writing a physician finance guide one chapter at a time, I wanted to tackle investing. Here are a few reasons: Overwhelmingly, index funds have lower expense ratios because they are passively managed. No significantly excessive charge is needed to manage a fund that just mimics a market index.

Finance 52
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Choosing to Rent or Buy a Home in 2025

The Motivated MD

This marks the 10th chapter of our Doctor Money finance series, which I hope to complete and formally turn into a publishable book or e-book in the not-too-distant future. It shows that you can manage a large debt and make payments regularly without defaulting. This week, we will tackle choosing to rent or buy a home in 2025.

Finance 52