article thumbnail

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
article thumbnail

Should Recent Weather Events Impact Your Emergency Fund?

The Motivated MD

However, this is a personal finance blog, and for me, it goes beyond that. Helene highlighted that even wealthy communities and well-financed and well-educated populations can be caught off guard and devastated. Standard Disclaimer: None of the information on this website is meant as individualized financial or medical advice.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

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. Standard Disclaimer: None of the information on this website is meant as individualized financial or medical advice. Stay tuned!

Finance 52
article thumbnail

How Doctors Can Save More and Do Less

The Motivated MD

I have coined this content series Doctor Money: A Personal Finance Guide for Physicians , as this is my current working title. This week, we will focus on how doctors can automate their finances to remove their emotions and effortlessly save for many of their goals. This is the same for personal finances.

Finance 52