Make Medicine a Hobby & Enjoy a Long, Happy Career

anesthesia machine

Our Saturday Selection today comes courtesy of Passive Income MD who argues we can have more sustainable careers if we can reach financial independence and treat medicine more like a hobby than a job. Given the stressors and time pressures that come with my job, I’m not sure I could ever make it a hobby, but if there’s a way, I will try. In the meantime, I’ve got a fun hobby than also provides some income (the website in front of you), so I’ll continue to develop this hobby. This post originally appeared on Passive Income MD.   Make Medicine […]

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When Your Physician Career Doesn’t Go as Planned (Because It Won’t)


Today’s guest post is a reflection from an early-career physician anesthesiologist whose career has been pretty typical. You may think his career has been rather atypical until you realize that a story like this is closer to the norm than the exception. I’ve read that between one half and two thirds of physicians leave their first “permanent” position in the first few years after residency. I didn’t realize it at the time that I penned it, but when I came up with the headline, I was clearly channeling another Doctor who goes by the name of Suess. From Oh, the […]

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How to Score Discounts on Physician Disability Insurance

Today’s topic isn’t the most thought-provoking or exciting, but it is a practical one, and it answers a question that many resident and early-career physicians ask. How can we save money on our disability insurance policies? It’s a great question — with premiums for a quality true-own-occupation costing hundreds of dollars a month, it’s not unusual to spend more on disability coverage than term life insurance, cell phone, cable, internet, beer, wine, and liquor combined! Fortunately, there are ways to reduce the cost of coverage. It’s best to start out with a discounted plan, but if you are currently covered […]

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How the Corporatization of Medicine Saved My Life

firecracker 5k

Today, we have a guest post from Mitchel Schwindt, MD, an emergency medicine trained physician who has a tale incorporating a buyout, major burnout, and how he bounced back. Dr. Schwindt is an entrepreneur and author who blogs at On a related note, available jobs via Hospital Recruiting are now displayed on my Jobs page, with results based on your current location. Check it out, then read on for Dr. Schwindt’s gripping story.     A massive smile creased my lips upward as the rumble of the moving truck pushed the miles farther behind. My dream job and life […]

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Breakfast Burritos & Medical Surveys

What does a tortilla with eggs, potatoes, cheese (and hopefully some sausage and / or bacon) have to do with filling out medical surveys for money? I mean… other than the fact that a quick $10 or $20 will buy you a bag full of breakfast burritos. That fact is not lost on today’s guest poster, a Californian physician known as Another $econd Opinion MD, but that’s not exactly what he’s talking about. What is the connection? Read on, my handheld breakfast loving friend!   Breakfast Burritos & Medical Surveys   It wasn’t a particularly bad call. I’ve had worse, […]

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Live Way Better Than a Resident… On Much Less

Atrani At Dusk

Stop me if you’ve heard this one before. The best way to get a head start on a better financial future is to “live like a resident” for the first couple years out of residency. That’s right. Take that six-figure job, the fat signing bonus, and pretend nothing has changed. Park your K-car between the Lexus and the Land Rover. Just be sure not to leave any door dings. You could cause thousands in damage to a vehicle like the one to your left or to your right. It’s actually good advice, but living like a resident is much easier […]

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You Need Rest, Doctor!

rest in a hammock

Before we get to today’s post, I want to recognize our friends and colleagues in Texas and Louisiana who are living the nightmare that is the aftermath of Hurricane Harvey. Thank you to everyone who has made a tremendous sacrifice, and I hope your lives and homes can be put back together when the flooding subsides. Occasionally, I like to remind my readers that this site has a charitable mission, and I can’t imagine a better time to put it to good use. Last night, I donated $1,000 to charities with boots on the ground helping victims of the natural […]

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Book Report: The Doctors Guide to Starting Your Practice Right

starting your practice right

It’s the second week in July, and that means there are thousands of freshly minted physicians beginning their first career job. Launching a career is an exciting, but potentially overwhelming project. There are so many considerations when it comes to the practice, housing, lifestyle, debt management, etc… Wouldn’t it be nice if there were a textbook to guide you through this jungle? Thanks to Dr. Cory S. Fawcett, there now is. While he titled the book “Starting Your Practice Right,” a better phrasing might have been “Starting your Medical Career Right,” because the book focuses on far more than starting […]

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The Student Loan Resource Page

student loan bonus

Jump to: Refinancing rates & cash-back bonuses Student Loan Case Study Series Dozens of blog posts, calculators, and more This is a frequently updated page I’ve created, combing the web for all the best student loan information I can squeeze onto one page and working with refinancers to offer you excellent bonuses. As an added bonus, if you end up refinancing via my referral links, I’ll make a donation of $50 to your charity of choice. Just be sure to follow up after you’ve refinanced and be sure to collect your cash-back bonus (see below) and ask me to make the […]

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Book Report: The Doctors Guide to Eliminating Debt

Doctors Guide to Eliminating Debt

Every day is a school day. The school year may be winding down for our boys and girls, but for me, school is always in session. I continue to read, learn, and find inspiration from many different sources. Today’s source is a volume that I didn’t necessarily need to read — after all, I had already become debt free by forty. Nevertheless, I enjoyed reading Dr. Fawcett’s story regarding his relationship with money and the advice he has for physicians who are buried under a pile of debt and looking for a decent shovel. This book can serve well as […]

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Stupid Doctor Tricks — Biggest Financial Mistakes

Universal Life

Saturday Selection: Stupid Doctor Tricks-Biggest Financial Mistakes   This classic post from Dr. Jim Dahle originally appeared on The White Coat Investor. It is the first in a series of posts detailing dozens of money mistakes physicians have admitted to making. Whenever possible, it is best to learn from the mistakes of others rather than your own.  For example, I’ve made the mistake of using a commissioned financial advisor who sold me crappy, expensive, loaded mutual funds; I’ve bought whole life insurance (still hadn’t broken even after 7 years), and I’ve incurred unnecessary taxes in a taxable account due to not […]

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Successes and Failures in the Land of Disability

Best Krusty Can Afford

[PoF: Today’s post is a collection of stories of successes and failures when it comes to disability insurance. I’ve noticed a number of forum questions regarding how much is enough or whether it’s needed at all. The White Coat Investor answered 10 common questions on the subject in this post the other day. For the record, I no longer carry disability insurance, as I am financially independent and therefore self-insured, but I considered it an important piece of my financial plan for a good ten years. The authors below are current or past site sponsors.]   First up is Jamie […]

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I’m Equal Parts Doctor, Scribe, and Mouse Jockey

I’m Equal Parts Doctor, Scribe, and Mouse Jockey. And I don’t love it. When I gained acceptance into medical school, I thought I would one day have one amazing job, or at least one job title where I might get to wear several meaningful hats. I wasn’t entirely wrong. I do have one job title. I’m a physician. Some days I’m referred to as a provider, but I’ve learned to ignore that term. To be more specific, I’m an anesthesiologist. Some days, I’m referred to as an MDA, a term that, to the best of my knowledge, stands for the […]

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Renting versus Buying a Home: The Happy Philosopher’s Experience

[Today’s article is a guest post from our part-time radiologist friend, The Happy Philosopher. Read on as he regales his tale of home ownership during and after residency. Enjoy! -PoF] Should I Buy a House as a Resident?   Purchasing a house is the biggest financial decision many of us make. We are told it is the American dream, and the surest path to wealth. Renting is just throwing money away, and you have to live somewhere, right? When my wife and I started residency we thought no differently. Buying a house for the five years we would be training seemed […]

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Live Like a Resident

pof apartment

Saturday Selection: Live Like a Resident Have you ever watched a movie a second time and not only appreciated the film more, but also noticed nuances that you completely missed the first time around? Or perhaps you didn’t see the show in its first run through the theater, but caught it later on? The movie (or television series, book, or blog post) still holds up, doesn’t it? That’s the idea behind the Saturday Selection series. I’ll be sharing some of the best content curated from The White Coat Investor every other week. If the post is new to you, great! If […]

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I See Dead People

wild alligator

A few weeks ago, I was handed a copy of the next day’s surgery center operating room schedule. Normally, my eyes scan down to the list of procedures, but I became fixated on the top of the page. For some reason, this particular schedule had a list of about twenty physician’s last names, the physicians who are credentialed to care for patients at the facility.   Two were dead.   Of the twenty or so physicians on the list, a list that hadn’t been updated in a couple years, two were now deceased. That’s ten percent. Both passed away suddenly […]

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Top 5 Additional Reasons to Be a Locums Doc

Surfing Goat Dairy Maui

Today’s post is a guest post that riffs off my original Top 5 Reasons to be a Locums Doc. As I’ve shared, I was a full time locums doc for a couple years after residency, and have worked as a locum in between jobs and on vacations at various times throughout my career. Brittney River from VISTA Staffing Solutions offered to share five more reasons to be a locums doc, and I liked what she had to say. VISTA is a site sponsor, helping support this site and its charitable mission, but I accepted no payment for this post. Take it […]

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My MOC Debacle: Nevermind That $2,100 Exam You Just Passed

ABA Passing Score

A couple years ago, I reached the seven-year mark after my initial Board Certification with the American Board of Anesthesiology (ABA). At the time, it was a significant milestone. I was eligible to take the all-important Maintenance of Certification in Anesthesia (MOCA) exam. Diplomates of the ABA — that’ right, I’m considered a diplomate — in other words, a board-certified anesthesiologist. Diplomates were encouraged and incentivized to take the $2,100 exam early in the three-year eligibility window. The exam was only offered twice a year. There were testing dates during a few weeks in the summer or a few weeks […]

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Top 5 Ways for Physicians to Attack Student Loans

Today’s post is a guest post from Travis Hornsby. You might recognize his name from a post about not getting into Harvard which was featured in a recent Sunday Best. He is engaged to a physician and has learned the ins and outs of student loans. Travis applied his knowledge as the founder of Student Loan Planner, LLC. He provides flat fee student loan consultations for physicians. You can reach him at [email protected] Student Loan Planner has previously been a site sponsor, and some of the loan consolidation links towards the end of today’s post will benefit you, but may also benefit this site’s charitable […]

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Medicare: A Study in Chaos

Today’s post is a guest post submitted by Dr. Kenneth Fisher, a nephrologist, blogger @ People for Progress in Healthcare, and author of several books, including the one you see to the left. Dr. Fisher is also the co-founder of the Michigan chapter of the FMMA. Additional, he is the lead author of In Defiance of Death: Exposing the Real Costs of End-of-Life Care, and offers a free e-book, The Ten Questions Walter Cronkite Would Have Asked About Health Care Reform. We have no financial relationship to disclose. Government Assumes a Role in Healthcare   The concept of sickness insurance […]

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