[Editor’s Note: We are currently accepting guest post submissions! Share your knowledge, expertise, successes (and failures) with the WCI Community. Submit your article by December 10, 2020, for Q1 2021 consideration. See our Guest Post Policy for more information.] Today we’re going to address the most common question I see on this blog, in my email inbox, and on forums. ...

[Editor’s Note: Welcome to our first Classic Tuesday. While we often revisit some of our older blog posts on social media and I send people links to them all the time in answer to their questions, the truth is that due to rapid growth only a small percentage of this blog’s readers have been reading the blog for longer than ...

[Editor’s Note: This is a guest post from “Dr. Wise Money“, a PGY2 who has guest posted here before about how she paid off her student loans as a PGY1. She is a resident on the fast track to financial independence, recently purchasing her second home and maxing out retirement accounts anticipating financial independence sometime in 2023. She has spent a ...

The more I learn about doctors and their finances and the more I talk to other docs, the more I see several recurring themes that cause them to have difficulty reaching financial success.  This post explores these themes. 1. Poor Debt Management This one begins early for most medical students as they get into the habit of living beyond their means.  ...

I get a lot of comments and emails from docs, and spend a fair amount of time on both physician-specific and financial forums. I’m often surprised to see doctors carrying debt that I see as completely unnecessary. Unnecessary Debt A Car Loan The classic example is a car loan. It might be an attending physician several years out of residency ...

I’m still getting lots and lots of questions about what to do with your student loans. Although there are sometimes exceptions, it is helpful for borrowers, particularly medical school borrowers, to see the rules of thumb all mapped out in a helpful way. I had a slow night shift a few months ago, so I put together this flowchart which ...

Between the Global Financial Crisis and 2013, physicians basically couldn’t refinance their student loans at all, which was unfortunate given that rates were typically 3-5% higher than mortgage rates. DRB (now Laurel Road) pioneered the way to student loan refinancing bliss. Laurel Road was also the first to offer a resident-specific product, so we all owe them a little debt ...

[Editor’s Note: A big thank you to Splash Financial, one of our most important partners at WCI,  for sponsoring this year’s scholarship. As part of that sponsorship, each of the Platinum sponsors also gets to submit a sponsored post to the blog. Today’s sponsored post is all about refinancing student loans, Splash’s specialty. Hundreds of white coat investors have used ...

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