Lifestyle

Investing vs. Saving

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As a doctor, you may face dramatic changes in your salary throughout your long medical career – and not just because of the usual and expected jump in salary when transitioning from resident to attending status.

Would you be surprised to learn that physicians regularly walk away from 30% or more of their income? Different groups of physicians leave money on the table for different reasons.

Have You Met a Poor Doctor?

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I haven’t. No, I have never met a poor doctor and I don’t believe I ever will. Let me explain.

Working part time has many positive and negative implications for a doctor: financial, personal and professional. Before jumping into a decision to work part time, it is important to understand the negative effects that this work schedule can have on a physician.

After nine years as an anesthesiologist, I had earned enough to be considered financially independent and retire early. But I wasn't ready.

Working part time is becoming a choice for many physicians. Doctors who have time constraints, numerous responsibilities or are raising kids in a two-career family may opt for part time work as a way to maintain work-life balance or be more available for family time.