Money and Medicine for Millennials
A place to learn about finance, investing, medical school, life as a physician, and more. My hope is for others to learn from my many successes and failures in medicine, money, and all things life
Latest from the Blog
My friends and I love to complain about medical school. The hours, the workload, the lack of sleep, and of course all of the time it takes from our precious lives. I have written about how I believe medical school doesn’t make sense to attend from a monetary standpoint or from a quality-of-life standpoint. ThereContinue reading “College: To Go or Not To Go?”
I had a great childhood growing up. It wasn’t perfect, but the memories of riding my bike around the neighborhood with friends, playing mega man on super Nintendo, and playing Ocarina of Time on the N64 are enough to make me miss those days a lot. One of my favorite things to do as aContinue reading “My Pokemon Card Collection (With Pictures!)”
We have taken a look at the effect of inflation on your money’s purchasing power and the importance of having some your assets in stocks, bonds, or an investment vehicle that is indexed to inflation. Clearly, it is not possible to have all cash reserves indexed or protected against inflation. Inflation has many ways ofContinue reading “Is Inflation an Implicit Tax?”
Everybody knows that healthcare costs have ballooned way past expectations over the last few decades. A lot of people have a hard time explaining why it is so expensive. Also, it has been a conundrum to lawmakers and economists alike as to why the costs cannot be controlled. There are a few reasons that IContinue reading “Healthcare Costs”
The key to getting rich is no secret. It takes disciplined saving and investing over a long period of time. I frequently give examples such as if you invested $10,000 at age 25 at an assumed rate of 8% and added $500 every subsequent month you would have $2,177,959.01 by age 65 when you retire. Continue reading “Getting Rich Too Late”
I have often said in the past that if you can understand interest rates, then you can understand just about anything going on in the economy with regard to a macro-scale. In today’s world, this couldn’t be more true. Let’s take a look. Mr. Smith wants to buy a house. He has $250,000 for aContinue reading “Interest Rates: Hot Housing and All-Time High Stock Market”
Medical school is a non-stop grueling gauntlet of hardships. On any given day you may have anxiety over an upcoming test, sadness from missing family and friends, or stress from feeling overwhelmed. Many students tend to forget or repress other important issues in life to deal with the everyday hardships of med school. One ofContinue reading “The Economic Tipping Point of Going to Medical School”
Today one of my good friends and I were watching a sporting event on my TV at my apartment. I have a 32” flat screen TV that by my standards is pretty large. However, my living room has a lot of space, so it dwarfs the dimensions of the TV and makes it look small. Continue reading “Opportunity Cost of New TV”
From time to time my friends will ask me about my investments in the stock market when they see headlines about the market. For example I once had a friend ask me how I felt about stocks losing 2% for the week due to fiscal cliff worries. If you have read even a few ofContinue reading “Optimism and Pessimism in the Stock Market”
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