As someone who graduated from medical school with six-figure student loan debt, I’ve looked into several different loan forgiveness programs that will help repay what I owe. One of the most popular loan forgiveness programs is Public Service Loan Forgiveness (PSLF). Through PSLF doctors can get hundreds of thousands of dollars in student loans forgiven, tax-free. Although this seems great, when I attempted to …
As a business owner, you have one primary role: Make money.
I hate to put it in such callous terms, but that’s the primary aim of any business. You have to make a profit first if you want to do anything else. Making a profit isn’t the most important thing. Your passion, your service, and your desire to help others should be the main motivation behind the business.
Money can not be …
The best part of my job is interviewing residents and watching as gears begin to turn in their minds when I ask:
Do you know how much your time is worth? Those of us who are 1099ers can easily tell you our hourly wage. Now, what about everyone else?
Well, there’s a quick trick. Take your yearly salary and divide it by 2,000. So if you make a salary of $200,000 per year, you are making roughly $100 per hour.
Now there are a few assumptions. To start off with, there are actually 2080 …
My Danskos literally disintegrated last month.
I was in the hospital team room, finishing up my patient notes at the end of a busy hospitalist shift. I happened to look down at the floor, and there they were: black chunks on the carpet.
I thought, “Who left such a huge mess under the desk?”
I looked at the bottom of my black Danskos. There was a sizable chunk of the sole missing.
Finally, the …
For the first 12 years as a physician assistant, I thought provider burnout only happened to wusses, those better suited to working in health insurance or doctoring at a summer camp. Sure, I felt overwhelmed at times, but I planned to soldier on in clinical practice, happily serving my patients until retirement.
That was before. Before dreading Sunday nights, feeling heaviness in my gut, a tightness in my neck, and bouts …
You’re finally at the point in your career that you’ve been waiting for! Training has been strenuous, and you have spent many years of your life readying yourself professionally for this moment. It is now time for you to transition from a resident to an attending physician.
At this time, you may be tempted to jump right in and start working. I recommend taking a little time off for yourself first. …
A few short years ago, I started to worry about my family’s financial future while vacationing. During our annual ski trip, I took a nasty fall, landing on my wrist. The pain in my arm made me take notice of just how fragile our financial situation was.
As a self-employed periodontist, I asked myself:
If …
When I was a full-time partner in a large radiology practice, I worked days, nights, evenings, and weekends without control over my schedule. Doing the laundry, I washed days’ worth of my children’s outfits that I never saw them wear. I saw them in PJs in the morning before I left for work, kissed their warm cheeks goodbye, and saw them again at night when I got home after dinnertime …
“We are transitioning.” In July of my intern year, this was the sentence that the CEO of our community hospital used to tell the staff that the hospital was closing its inpatient services. The emotions that traversed my mind were quite vast, to say the least. Anger was undeniably at the top of the list, but mostly directed at myself.
Initially, I thought medical school definitely did not prepare me for this. …
I have been reading alarming tales of doctors who think they can buy their way into the hearts of their spouse and kids on the weekend to make up for not being there during the week. The reality is your kids don’t need your money; they need you to spend time with them. Quality time is needed at work; quantity time is needed at home.
Buying a vacation home to use …
One thing, which is constant in health care, is that it is continuously evolving. The challenges health care leaders are facing are not simple. They are often multifaceted, which require strategic, creative, and inclusive solutions. There are competing priorities and goals. Critical thinking has become an essential skill for all healthcare leaders.
Here are five simple tips to help you practice your critical thinking skills.
1. Ponder on the challenge. Spend as …
Around 50 percent of physicians are burned out, and many feel trapped in their job. Yet, I have heard it countless times from doctors who were able to cut back to part-time work that when they had more time away from work, they fell back in love with medicine. Moderation in all things seems to be key here, and I’ve experienced some of that lately myself after a really hard …
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The dictionary definition of learning is “the acquisition of knowledge or skills through experience, study, or by being taught.” For leaders, the most crucial and common way of learning happens through experience, and as we often say, leadership is flying the plane while building it. Moreover, the onus of making the process of learning an active one is on the leader, and self-reflection is the key to it.
So, what’s self-reflection? …
While the coronavirus pandemic has created financial strain for a lot of low-income and middle-class Americans, many wealthy people don’t seem to be as affected. The stock market is doing relatively well, and many of the world’s richest people are getting even richer. How is that even possible, you may ask? Here are three main reasons the rich are getting richer.
1. They create their own business. Instead of having a …
As a physician and proponent of introspection, inner work, and self-awareness as integral components of health, wellness, and spiritual development. I watched with intrigue the dramatic increase in the number of COVID-19 related articles, social media posts, and videos purporting to offer solutions for these troubled times. They professed to teach people how to fight fear, manage anxiety, cope with grief, and/or overcome unpleasant emotions. This onslaught reflected a pervasive …
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Two of the biggest hitters in the physician finance online world are both anesthesiologists (Physician on Fire and Passive Income MD). Both of them are masters of side income by approaching money in completely different directions. Is it sheer randomness that out of dozens of possible medical fields, both of these successful …
It’s something we are taught from when we are very young and is a core middle class belief: work hard, get a qualification, and then you’ll be able to find a good employer who will send you a nice paycheck every month.
On some levels, this seems like an attractive option. Yet on so many others, it falls apart. For physicians in the United States, the concept of “employment” is relatively …
When I speak to medical students and residents, their number one question is, “Should I follow my passion or choose a specialty that pays well?” With so many students finishing their training deeply in debt, they are feeling a push to go into a specialty that pays better than average, thinking that it will solve their debt problem. But is that a good idea?
Since we can pick anything we can …
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Before the pandemic, we had an epidemic of physician burnout, with many physicians caught in a cycle of exhaustion, cynicism, and loss of purpose. All the change and uncertainty the virus has brought certainly doesn’t help! It’s now more imperative than ever that physicians build resilience to all the pressures and stress of our careers.
In the decade I’ve worked as a physician coach, I’ve seen seven habits, thought patterns, and …
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