When you start practicing your salary will be much higher than what you were making in residency.  It is easy to spend, but the money may not always last.  Be smart and save and here I will offer some advice I was given early on in my career.

It is important to protect yourself and your family.  When you are young and healthy, you are in the best place to purchase insurance.  As you age you are more likely to have health conditions which will make obtaining insurance more expensive.

Although life insurance is important if you die, there is the possibility that something will happen to you which will prevent you from being able to work.  You want to protect yourself and your family by adequately covering your most important asset - you!

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