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How Doctors Should Address Lifestyle Creep

The Motivated MD

Most don’t understand that, unless you can shell out a substantial downpayment, your home is often accompanied by higher insurance costs, more square footage then expects nicer furnishings, increased utility costs, and often the expenses associated with repairs or remodels.

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. Use the rules provided above to determine what is right for you.

Finance 52
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How Doctors Can Save More and Do Less

The Motivated MD

’ 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. Since these savings are so important, automated savings is another avenue to utilize.

Finance 52