Physician Finance Minute

Interviewing a potential financial advisor may sound like another thing on your ever-growing to-do list, but I promise you that it’s a task you’ll want to make a priority. Even if you are already working with someone, it never hurts to ask them important questions along the way to make sure the two of you are still working well together.

For each of your financial goals as a physician, whether they’re short term or long-term, you need financial capital. Yet, it can be difficult (or feel impossible) to come up with extra money when you have such large medical student loan payments every month- not to mention the bills you have to pay.

Managing your money well not really a strength of yours? It’s a matter of time before it is! Find more tips like these here: www.financialresidency.com/tip

If you’re in the market for a home loan, you need someone you trust in your corner. Check out one of our recommended lenders, Doug Crouse, at www.financialresidency.com/dc! 

If you're a physician, chances are you have a combination of federal and private debt. You've worked hard through medical school, but now you have to equally as hard understanding what type of loans you have. 

If you need to take out a loan, your student loans affect you more than you realize.

Grab a copy of our book, “Financial Residency: Without the Long Hours and Sleepless Nights”. Build your own financial plan for the price of a book! www.financialresidency.com/book

Doug Crouse is a mortgage lender who has helped thousands of physicians get into the home of their dreams! Will you be next? Contact Doug here: www.financialresidency.com/dc  

What do the words "forbearance" and "deferment" have in common? They both can cost you tens of thousands of dollars in the long run. Both situations are on the rise and it's important to know the impact of each. 

You probably have heard about paying yourself first, but you aren't quite sure exactly what it means. The concept is more simple than you think. You just need to create the mindset to sustain it. 

Joined our FB community yet? Let’s get you over there! www.facebook.com/groups/physicianfinance

Wish you knew of a knowledgeable mortgage broker? No worries! We’ve got your back. Check out Doug Crouse at: www.financialresidency.com/dc 

Having adequate disability coverage is truly a must for physicians. The Social Security Administration estimates that one in four people will need to file a disability claim before age 65. No one likes to live their life on hypotheticals, but you do need to make sure you're covered.