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- Nov 21, 1998
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I was reflecting upon financial advice that I wish I would have received as a resident/fellow:
1) Live off half your salary first 3-5 years of first job. Aggressively pay down debt and save.
2) Marry partner with similar earning power who has a career outside medicine.
3) Buy own occupation disability insurance.
4) Study the book Rich Dad, Poor Dad like you did for Step I. Internalize its lessons.
5) Build a financial foundation of no-load, low cost mutual funds.
6) Forestall starting a family until after closing on your first investment/income property. One kid per property.
What else would you add to this list?
1) Live off half your salary first 3-5 years of first job. Aggressively pay down debt and save.
2) Marry partner with similar earning power who has a career outside medicine.
3) Buy own occupation disability insurance.
4) Study the book Rich Dad, Poor Dad like you did for Step I. Internalize its lessons.
5) Build a financial foundation of no-load, low cost mutual funds.
6) Forestall starting a family until after closing on your first investment/income property. One kid per property.
What else would you add to this list?