Tips for Interns/Residency?

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"Be good to your team and don't be a d**k". - advice I got as a high school freshman on the cross country team from one of our seniors. The same applies to residency.

Answers to your other questions though:
Don't differ loans, pay at least a little something. Compound interest bad here.
Start saving for retirement, at least a little something. Compound interest good here.
Get life/disability insurance to lock in low rates
Job search starts from day one. Somewhere on this board there is a post about someone who got a good job because they busted their butt in the OR and impressed a surgeon starting an MSG. Treat everyone (nurses, OR staff included) as if they are job opportunity or potential reference. Podiatry is a small field and you never know from whom you may need a reference.
There are good and bad attendings and you can learn from both.
Read a lot, ask questions.
A lot of residency is what you make of it. You need to take every opportunity to get as much practice as you can.
 
If you've never written a budget before you should at least give writing one a try. A minimalist effort is - write down all of the "consistent" monthly expenses + any 6-12 month expenses (ie. I pay car insurance off every 6 months and life insurance off once a year) so you at least see what the unchangeables are. ie. Add Rent + an approximation of power/water/utilities, internet, car insurance, cell phone, cable, netflix etc and see what that number looks like. Roughly calculate 10-15% of your payment salary for your student loan payments. See what that number looks like. It obviously doesn't include groceries, gas and daily things but those may need to be adjusted based on what the above is. Unfortunate unexpecteds won't be include though you could try budgeting for them ie. new car tires or wahtever. A true budget accounts for every dollar. Ie. at the end of a true budget you zero out the dollars into expenses, bills, savings, retirement, "cash/savings". My initial residency budget showed a surplus of like $50. We had written approximations for some bills that came under and we adjusted grocery shopping appropriately.

Your third year may be a ..crazy psychopath, controlling, in your business jerk - OR, your 3rd year may just be a person who knows they have 1 year to try and impart everything they can to you because in a year you need to be teaching your first year. They will be gone sooner than you think. They've been there 2 years longer than you and they've seen things you haven't seen, changes, evolutions in the program, heard things the attending said, things the attending may not say anymore, etc. They've seen the uncommon case where they know the attending will want this or that. It is entirely possible you will ultimately be better friends with your 2nd year than you are with your 3rd year, but maintain your connection to them. They can teach you. More often than not they mean well. And when it comes to jobs and advice and such they will always be 2 years ahead of you.

People are obsessed with texting, but a simple phonecall between doctors can answer things much more quickly than a series of quick back and forth texts. Forever ago I worked for this super boss person at a big company. I'd send them detailed emails with lots of options and information. This was back when smart phones were JUST becoming a thing and she'd reply "yes" to like a 5 page email. We'd solve the whole thing in 2 minutes with a phonecall.

There are certain weird things that will assuredly be part of how your hospital works/functions etc that are not in any way intuitive. I'm leaving this sentence very broad, but at my hospital the key words to order vascular studies were unknowable/weird and didn't pull up with any of the common words you'd use to search for them. Its stupid, but in a few months - no one is going to tolerate you not knowing how to do it. Write it down. Keep a list. Save stuff into your phone. Just learn how to do it.

My personal experience is that if you are putting medications in for an inpatient and you're lost/stuck/something isn't right - you should call the pharmacist. Your mileage may vary but I never called them where they didn't help me or fix what I'd done.

Always check both feet on a diabetic with an ulcer. A new patient with 1 shoe on and 1 shoe off needs to have both shoes off.

Make it a point to learn people's names at your hospital. The OR staff. The floor staff. The hospitals. etc. Mindy Kaling has a line in a book where she says - there is no such thing as being bad at names. Not knowing names is like saying "hi, nice to meet you, I'm rude." Some hospitals are giant but knowing people at your hospital will serve you well.

It is entirely likely that the OR staff knows BETTER THAN YOU what your attending wants next. I know. We're surgeons. But they are in the OR 100% of the time. However, your job is to learn stone cold how your attending wants the case done.

There's an old book/study somewhere out there about surgical residencies talking about training/knowledge etc. One of the things they discuss is resident failures/forms of deficiency. For lack of a better word - real deficiencies and .."social" deficiencies. A real deficiency is not knowing what sepsis looks like. A social deficiency is not knowing what suture this attending likes. But its a BIG deal. Your attending very possible is going to want to arrive late to an OR that is perfectly set-up with all the things they want. They will want you to have gone over the room - all the sutures in place, hardware, tourniquet, lights etc. You'll have already potentially opened up the hardware and said - good, we've got the screws, the wires, the guides.

Maybe my residency was just weird but resident blade time increased when the attending perceived everything as perfect. Working with an attending the next day that you don't know - ask what they want/need etc. This will also prepare you to be an attending in the future - did I contact my hardware rep to make sure my plates will be there?

About a day after you see a patient you are going to start forgeting things in their note. Either keep a paper cheat sheet for yourself or write the note as soon as you can. I often wrote 40-50 notes on a weekend. It was bullcrap and beyond my control. As an attending now I knock everything out by the next morning and my life is infinitely better.

Start working on smart phrases - start bringing together those things you see over and over again.

Your program will have ideas, culture, its own way of doing things. Learn this but learn what EACH of your attendings believe. Unfortunately it is possible some of your attendings believe entirely different things and you will be stuck between them. That ankle fracture doesn't need to be fixed. Yes it does. Would you want your kid to have that fracture, blah blah blah. When you first start to meet attendings you don't know - listen more than you talk.

If your attendings use you as a nail slave - the template wording is very specific and if you don't write down all the A, B, Cs right they might not get paid. Womp womp!

Even if you aren't at an academic program - put time down for yourself at least a few times a month to read. Read broadly. But also - read specifically. Pick a topic and try to just hit everything you can about it. Dedicate a day to just reading about 1st MPJ fusion or whatever.

No one is going to tolerate a 1st year who is late. Late people can't "pre-round" to give themselves an advantage/look something up. You are setting yourself up to get your butt kicked for the rest of the year. The guy who starts off screwing up is the guy who everyone is watching for the rest of the year dissecting their every motion. People who are early can do things like - check the clinic schedule ahead of time. Run through patients and see - oh hey, this person is getting scheduled for surgery today. They can give studies/images an extra read. They can see that the hospital admitted someone at 4am but never called you and the patient needs a TMA at 6am so you can call the attending and slam the case before clinic. They can predict the things that will trigger the attending to drop a bullcrap pimping session. In short - being earlier gives advantages.

Keep your personal life in order. When your personal life affects your work life negatively you'll start screwing up. That means doing things that need to and must be done in those moments where you'd rather just sit down.

The question with blood thinners is not "when can this patient come off of it" but why is the patient on a blood thinner. In general, work with the assumption you should never take a patient off a blood thinner without the permission of the cardiologist, vascular surgeon, etc who prescribed it.

When something bad is happening - solve it, address it, get your attending involved, etc as soon as possible. For disasters - write the note immediately.

For sick patients - get other doctors involved. Get more opinions, clearance, etc.

Terrible story. A chronically sick patient, literally like 25, shows up with a displaced ankle fracture. She's been admitted regularly and is familiar to the ICU staff. Patient is worked up by a Pulm/CC doctor and anesthesiology. They believe she can have surgery. Podiatry indicates they can reduce, wait, splint - whatever. She's in the OR, sedated, etc and before podiatry can make a cut - she codes. Stabilized. Podiatry reduces and places a splint. She's taken to the ICU where she dies. We're looking ...as clean as we can look in this terrible situation. And then.... the podiatry resident NEVER writes a note. Like literally the resident never documents anything until greater than a month after the fact. There needed to be a series of notes on that patient. A pre discussing our intention and plan and definitely a note discussing the horrible circumstances afterwards, what we did, what we knew etc. If you are sued in this situation the lawyer is going to have a field day with your 6 week old note.

Be open to the idea that you probably aren't as good as you think you are. You will receive unfair criticism. You may be chewed out for doing the right thing. You might do the right thing but not do it the right way or perhaps you didn't clear it with your attending ahead of time. Whatever. Good or bad, take it all. Try and learn from it and then remember - 3 years is both an eternity and not that long.

When I ask you if you did something and you didn't do it the answer is "no I didn't do it". Not ...ummmm, uh, uh well I was going to.

If the ED calls you as a first year you might as well just go in every time. If you think your 3rd year doesn't like your crap, wait till you meet the ED attending who doesn't know you. Get to know this ED attending. Earn their respect if you can. Earning their respecting will improve your quality of life. They can deflect so much stupid crap for you or dump so much garbage. What you want to go in for is infections, amps, ruptures, fractures etc. They can play dumb on plantar fasciitis and long toenails.

Probably the easiest way to expose yourself to litigation is to make independent judgements without in some way bringing your attending into the loop.

If you don't have a strong understanding of vascular disease, critical limb ischemia, ischemic ulcerations etc - get your game on. There's a reason vascular disease sits at the top of the wound healing center decision charts. Its because it will destroy everything else we do if untreated.

Rude patients are often simply scared. Some can be won over.

Patients with complicated histories who are frustrated can often be won over - by stopping, calming things, down and then bring the information for them back together into a clear summary. You are here with this issue - you've had surgery with this doctor, you are seeing this cardiologist, its been going on since your ankle fractures or whatever. Another doctor recommended this and now you'd like a second opinion.

Remember that at the end of this you need to be a fully functioning attending. If you're still asking yourself simple how do I do this questions half way through your 3rd year you really need to start answering those questions.

If your attending can't trust you to close a full thickness incision ie. they leave and then have to scrub back in - you need to correct this immediately.

Take lots of pictures. You'll need them for your fellow presentations.

Find a way to learn from both the right and wrong way. Question every case and every procedure. Do we really need to do this. But recognize your education and knowledge of how to do things may unfortunately have come from a case that shouldn't have happened.

Is the hardware rep really your friend?

Unless you are amazing and know everything there is to know about a patient - reread/skim a person's chart before you go into the room. I have gotten so many patients from a local doctor who walks into the room with no idea of what is going on. They thought they were there to discuss surgery. His "why are you here" did not inspire their confident.

Last of all and most important. You may recall how much it sucked being a student. I had some great months and some dog crap months and more often than not the worst thing about a program was the treatment I received from weird douche residents. Consider treating students the way you would have liked to be treated.

That's enough.
 
Max out your Roth IRA. You can contribute 6k this year. You can neve come back and re-contribute and add more like you could a taxable account. This money grows tax free. Yes, its only 6k this year, but 6k growth over 30 years and tax free upon distribution (after 60) will add up fast. The good news is you can contribute up until tax day for the previous year. So you could still contribute to the 2020 contribution limit up until April 15th 2021.

NO EXCUSES
 
Max out your Roth IRA. You can contribute 6k this year. You can neve come back and re-contribute and add more like you could a taxable account. This money grows tax free. Yes, its only 6k this year, but 6k growth over 30 years and tax free upon distribution (after 60) will add up fast. The good news is you can contribute up until tax day for the previous year. So you could still contribute to the 2020 contribution limit up until April 15th 2021.

NO EXCUSES
This
 
"Be good to your team and don't be a d**k". - advice I got as a high school freshman on the cross country team from one of our seniors. The same applies to residency.

Answers to your other questions though:
Don't differ loans, pay at least a little something. Compound interest bad here.
Start saving for retirement, at least a little something. Compound interest good here.
Get life/disability insurance to lock in low rates
Job search starts from day one. Somewhere on this board there is a post about someone who got a good job because they busted their butt in the OR and impressed a surgeon starting an MSG. Treat everyone (nurses, OR staff included) as if they are job opportunity or potential reference. Podiatry is a small field and you never know from whom you may need a reference.
There are good and bad attendings and you can learn from both.
Read a lot, ask questions.
A lot of residency is what you make of it. You need to take every opportunity to get as much practice as you can.
This is all really good except the insurances part.

Insurance is like inverse of playing the lottery. Lottery is a small amount of money paid and played to win big money, and it sells on greed. Insurance is money paid to hopefully not lose money, and it is sold on fear. Both have bad odds rigged against you; both are generally overpriced and ill advised. So, to be financially sound, you should really play both the lottery or insurance "game" as little as possible (unless you have a way to cheat at lottery or plan to scam insurance).

If you have kids and are the solo breadwinner with worried SAH spouse and you can't afford the family yet (well, probably ever) and/or you simply want to spend a lot of money on insurances, then insurance might be more attractive as "peace of mind" and "safety net" even though it's mathematically against you and financially bad for you. If you "own" a house you can't afford, car(s) you lease or put the minimum down payment on, then that's why insurance is mandatory (secure your default on house/car/iPhone/etc debt). At the end, it's otherwise up to you and your situation as to how much or how little you lose each month on various silly insurances (hint: whole life is total crap, disability will wiggle out of what amounts they say they'll pay even if you do get bona fide disabled, malpractice generally settles as fast and cheap as they reasonably can, etc). Think it through and don't just ask the insurance salesman or some sucker that he already bagged to "explain" the insurance to you. "Never ask the barber if you need a haircut." There is a reason those salesman are all calling and stopping in and making presentations to "help" doctors... esp young doctors... like every single damn week. Other ones even stop in to check your rates and "help" even more. Hmmm. But to each their own... some MDs and DPMs spend 1k, 3k, even 5k+ on insurances monthly (personal insurance - not even talking business/practice owners).

...as was mentioned, indexing and/or buying stocks until your paycheck is 95% gone is key. Don't be one of those fool residents who balloons their loans from 300k to 500k and maxing out credit cards over the 3 PGYs due to thinking they will be rich soon (YOLO!) and deferring loan payments so they can drive a Benzo and go downtown to party bars/restaurants every weekend. Those are generally the people taking bad jobs, staying at bad jobs, or flipping out if they don't hit their bonus or lose their job... since they are spending until on the verge of bankrupt. It is not a good way to live. There is no reason a person making six figures should live/feel that way, but you would be shocked at how many do just that.

Just do the investing automatically before you start poking around FB or YT to see what cars or vacations others are enjoying or before browsing amazon looking for dumb stuff to buy. Just make your bill payments, then xfer almost all of the rest of it on payday to your Roth or cash account and buy index funds or stocks on your watchlist. You can skip the CFP and just DIY on investing if you read a bit; the CFPs are often nearly as bad as insurance salesmen in that many want to sell/invest you on what is good for them as much as what's good for you. Combo that investing style with not overspending and you can FIRE if you want... and even if you want to work until 70yo, it just gives you more peace regardless. Dr Guide to Starting your Practice Right by Fawcett is a real good summary... and makes you want to save and read more on finance. And yeah, the job search and networking definitely starts during 1st year residency. Good topic.

...and for the clinical part (minor details!), the book is called House of God by Shem.
 
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I agree with all of the above.

Here are some stream of consciousness thoughts:

Residency is truly what you make of it. Take advantage of all the opportunities you have on a macro and micro scale, especially if you are at a strong program based out of a hospital with lots of GME resources.

Never miss out on an opportunity to network, especially with people ahead of you.

Intern year, you should go in and physically see every consult. You don't have the required amount of clinical experience to make a decision over the phone. It also helps the ED attendings, residents, and PAs recognize you. If they know that you'll come in and see anything they consult you for within 30-40 minutes of being paged, then they are also more likely to give you the good pathology. They could consult ortho, but they know that the ortho intern already has 7 other consults to see before this achilles rupture or ankle fracture.

Similarly, if you are on call at night and you get paged about an inpatient, avoid the temptation to play telemedicine doctor. Go see the patient.

EMR is great but don't get lazy about using order sets. ie preop order set oftentimes has IV fluids already pre-selected. You shouldn't blindly order those on every patient, especially the typical DM foot disaster inpatient. Many of them have CHF or other conditions and you could cause them to become volume overloaded.

Never lie about something you did or did not do, especially if it involves patient care. That is the #1 way to get into trouble.

Learn the basics about inpatient management of surgical patients, even if you aren't primary on them.

Remember that at whatever hospital you are at, you may be the first time the other MD/DOs have seen or worked with a DPM. You represent our specialty. We are unfortunately judged by our weakest link. Do not be that person.

Residency may be the first time you are ever called out and criticized in public or private. Learn to take criticism in stride and learn from it. Of course, ideally it would be constructive criticism but just because they don't critique you in a pleasant way does not make it invalid.

Prepare for every case as if you were the attending surgeon. One day, sooner than you realize, you will be the one with the blade without anyone else in the room to guide you.

For any case you are seeing/doing for the first few times, do a "mental rep" of the case from start to finish to reinforce your learning before you go to bed for the evening.

Every attending has something to teach you. And sometimes it is what NOT to do. Appreciate it for what it is, and move on.

Critically evaluate your own postop x-rays. What could be improved next time?

Try and see as many postops of your own cases as you can.

Here are some overarching goals for each PGY level
  • PGY-1
    • Take ownership of your patients
    • Prioritize tasks
    • Become comfortable with basic limb salvage and elective cases
    • Learn how to teach students
    • Do not be afraid to contact senior residents
    • Avoid intern-year burnout
  • PGY-2
    • Take a leadership role
    • Improve surgical skills in elective cases
    • Teach junior residents and students
    • Do not be afraid to contact senior resident
  • PGY-3
    • Run an efficient, well-organized service
    • Improve surgical skills in complex cases
    • Be a mentor/positive role model
    • Teach junior residents

Hope this helps. Good luck.
 
Start job search in your first year... never know what you’ll land. Thats how I got my sweet MSG gig. But otherwise I agree with all of the above.
 
Start job search in your first year... never know what you’ll land. Thats how I got my sweet MSG gig. But otherwise I agree with all of the above.
This is good advice. 1st year is pretty early but I agree start early. Work on CV/Cover letter. Have it ready to go. I started towards the end of my 2nd year and had my job/contract signed secured early in 3rd year. So many residents wait until 2-3 months left of residency to find a job then whine when they can only get a job off PMNews.
 
Start job search in your first year... never know what you’ll land. Thats how I got my sweet MSG gig. But otherwise I agree with all of the above.
Didn't realize this.

As students we're just trained to eat **** and ask for more. Trying to look out for ourselves a year later is a foreign concept.

Thank you for the advice.
 
They will want you to have gone over the room - all the sutures in place, hardware, tourniquet, lights etc. You'll have already potentially opened up the hardware and said - good, we've got the screws, the wires, the guides.
THere is a lot of good info in this post but this is extremely important. Go through the case in your head. Start with the cannulated k wire and make sure its in the set. Make sure the drill bit is in the set. Make sure the screws are in the set. Make sure the screw driver is in the set. Make sure the plates are there. Make sure the sutures are on the table. The gauze, 4x4, kerlix, ace whatever the attending wants. Make sure the cast cart is in the room. Anything and everything you can think of make sure its present.

I remember a time I was scrubbing with one of our ortho foot/ankle attendings. I was doing the case and called for a screw driver. The tech said there was no driver. The attending lost it on my for not checking prior to starting the case. To this day I wont allow the patient to be brought back to the room until I've gone through the case in my head and verified all hardware is present. Cant rely on reps to make sure its all there. Sets come incomplete more ofen than they should.
 
I should clarify... start looking for jobs first year of *residency.*
 
THere is a lot of good info in this post but this is extremely important. Go through the case in your head. Start with the cannulated k wire and make sure its in the set. Make sure the drill bit is in the set. Make sure the screws are in the set. Make sure the screw driver is in the set. Make sure the plates are there. Make sure the sutures are on the table. The gauze, 4x4, kerlix, ace whatever the attending wants. Make sure the cast cart is in the room. Anything and everything you can think of make sure its present.

I remember a time I was scrubbing with one of our ortho foot/ankle attendings. I was doing the case and called for a screw driver. The tech said there was no driver. The attending lost it on my for not checking prior to starting the case. To this day I wont allow the patient to be brought back to the room until I've gone through the case in my head and verified all hardware is present. Cant rely on reps to make sure its all there. Sets come incomplete more ofen than they should.
Yes, for sure. It will be something that serves anyone well even as an attending. Reps cannot be relied on, and if you use the market leader / best companies (imo), their reps are more solid on average but also very busy and often just drop their stuff since they have many surgeons using and it's so good it sells itself. As for residents doing the checking, I have worked with high quality residents, mediocre ones, and on my own. You don't want to take anything for granted no matter who is with you. Ever. Besides being a time waste to struggle with missing equipment, it is your patient and your responsibility. The execution of the surgery is not easy (much easier if you have good residency with a lot of surgery and implant variety!), but it is actually the procedure selection, pt selection, communication, and planning are where you almost always win or lose the eventual pt outcome.

In addition to the primary plan ("ankle scope and stab"), you even need the backup plan/set/procedure/implant/etc in mind. You never know when the set you want will have a hole in its packaging, a key piece will be missing/dropped (as you mentioned driver), the hardware removal isn't the brand you thought, the scope cam malfunctions, etc etc etc. That ankle scope and stab could theoretically turn into a arthrotomy with open drill/micro-fracture and allograft lateral recon if the monitor is broken and the InternalBrace never shows up or was contaminated. It is important to play devil's advocate when boarding cases and when confirming the implants a day or two before with the scrub/supply tech and the rep (if it's an outside/loaner set). For most cases, a backup plan in your mind with stuff you know is always available is fine; for big cases or ones where your facility has no reasonable alternative, it is not dumb to even have a backup brought in. Murphy strikes when you least expect it.

...it is like how NFL games are often won before kickoff with gameplan, personnel, analysis, play/strategy selection, etc... it's definitely not just the QB's arm strength or a CB's jump or 40yd time that wins it.
 
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THere is a lot of good info in this post but this is extremely important. Go through the case in your head. Start with the cannulated k wire and make sure its in the set. Make sure the drill bit is in the set. Make sure the screws are in the set. Make sure the screw driver is in the set. Make sure the plates are there. Make sure the sutures are on the table. The gauze, 4x4, kerlix, ace whatever the attending wants. Make sure the cast cart is in the room. Anything and everything you can think of make sure its present.

I remember a time I was scrubbing with one of our ortho foot/ankle attendings. I was doing the case and called for a screw driver. The tech said there was no driver. The attending lost it on my for not checking prior to starting the case. To this day I wont allow the patient to be brought back to the room until I've gone through the case in my head and verified all hardware is present. Cant rely on reps to make sure its all there. Sets come incomplete more ofen than they should.
Amen. It is infinitely preferable to dump a Synthes set on the table before a case than during a case. Drill bits love to hide.

This is even more relevant if the rep isn't present. They can sometimes solve these problems if they are present.

If you know that your attending prefers to just use 1 size screw ie. they use locking screws and just use 14s or something like that. The kit might not contain 8+ of just that size.

Know what a locking screw and a non-lock screwing look like so when the nurse hands you one and not the other you can just hand it back.

If you find yourself watching a case that you aren't scrubbed into - obviously varies by program - and you aren't familiar with the hardware, scrub in just to handle the tray in the back. Obviously don't screw it up or slow people down. But feel all the different screws and see what drills go with each of them.

We used to use a Biomet ankle plating set that was definitely more complicated. Just throwing that out as an example.

Are you doing a soft tissue mass where it is either hard to locate (flat) OR a day before someone drained it in the clinic. Before the case in the presence of the patient - mark/draw/delineate etc the entirety of the mass and where it hurts. There is nothing worse than starting the case and realizing no one knows where the mass or lesion is. Do not let the patient be sedated if there is ANY doubt about where the lesion is.

Before you book a posterior heel screw removal on a morbidly obese person - ask yourself who is going to be holding the leg.

The time to figure out how the patient will be non-weight bearing is when the case is booked or during a pre-planned PT appointment. Not after the surgery.

Working people and blue collar people will often want to return to work sooner than you want them to. Often at their 1st post-op visit. I'm still trying to sort out how to address this myself, but I recommend the following.
(a) Do not book a major fusion for a patient on a first visit. The patient has no understanding or appreciation of what is going to happen to them.
(b) Bring a family member to the scheduling visit. Hell, if things start to fall apart - bring a family member to post-op visits. Get someone else in the room who can try to be your voice of reason.

If a patient presents to a follow-up where they are being transitioned from a cast/splint to a boot and they didn't bring a boot with them - they cannot leave the appointment until they buy a boot from your office or hospital. They will not buy it otherwise.

In general, knee rollers are amazing/superior to crutches.

Really ask yourself if a patient should be on a blood thinner after surgery. I saw a patient placed on blood thinners for a 1st MPJ fusion. He was allowed to walk at 3-5 days. He was never immobilized in a cast or even a CAM boot. He had no history of DVT or family history of DVT. He was brought in for observation to a hospital for an issue with heart palpations/faintness at 4 weeks. The podiatrist was called and asked by hospital medicine if he really needed to still be on blood thinners. The podiatrist said yes. He fainted a few days after discharge, hit his head, and died from a brain bleed. He shouldn't have been on a blood thinner to begin with.

Try to understand the mentality of the doctor you refer patients to for BKA. An EHR referral for "needs BKA" was always far less successful than a phonecall or bedside consultation together where you spell out the patients 2 year history of a failed battle with Charcot.

Cultures taken at bedside need to be placed into the hands of a nurse who already has the labels, tags, orders, whatever set-up. I've literally had a nurse throw away cultures I gave them in the patients room.. I didn't have orders for those. I didn't know who they belonged to. It seems absurd, stupid, whatever now - but close the entire loop. Cultures left on a table? Good luck with that.

Is the case starting in 5 minutes? Is the patient still in their inpatient room. You could go get them. You can wait for them... the case will probably be an hour late.

Sometimes you have to fight to make a case happen. That may mean running around a hospital talking to the ED doc, the anesthesiologist, the hospitalist, etc.

If you've never spoken to a hospitalist before you should SBAR/write down what you intend to say before hand especially if you are asking them to admit and take primary. My experience is that the medical side of things is not difficult for them. What they hate is the social/side/discharge related stuff.

Your hospital may have social coordinators who can help resolve things like placing patients in skilled facilities and arranging wound care, IVs, medications, etc. These are people to be "friendly" with and have in your phone. They can solve problems for you.

You see an inpatient. You take care of them. You sign off on them. The medical director of my hospital walked up to me one time. She was very ...sassy. "Hi, I see you signed off on this patient. Courteous doctors place saved discharge orders ahead of time to help their inpatient counterparts."

If you order an MRI and there's a question of whether the problem is in the ankle or the foot - order both. Sometimes the MRI people will say something to the affect of - oh, we'll just do 1 and expand the field. It always looked like crap to me when they did this.

If a patient is admitted to the hospital on 5 different oral anti-diabetes medications, is still uncontrolled, and you are doing medication reconciliation - they are probably going to be on insulin. This isn't rocket science but it will still be funny to you the first time you see it.

We talked about this for the OR, but you should have a very good idea of where supplies are in your hospital's inpatient floor closets. Your attending very likely will be pissed if you steal things from their office to bring them to the hospital floor.
 
Speaking of insurance. Only one word matters. TERM. Whole is a ripoff. It is a way for someone else to make money. I don't care what version of it they tell you it is and how great it is Universal, variable etc. TERM or nothing.
You are going to be approached by financial advisors in residency. You don't need them. Either start learning stuff on your own, or throw it all in a few basic index funds, focus on residency/first year or so of practice, then come back to it. You do not need a financial advisor starting out. They are just going to push you towards high load funds that they make money on.

As i have said mulitiple times on here - start listening to/reading the White Coat Investor.
 
Speaking of insurance. Only one word matters. TERM. Whole is a ripoff. It is a way for someone else to make money. I don't care what version of it they tell you it is and how great it is Universal, variable etc. TERM or nothing.
You are going to be approached by financial advisors in residency. You don't need them. Either start learning stuff on your own, or throw it all in a few basic index funds, focus on residency/first year or so of practice, then come back to it. You do not need a financial advisor starting out. They are just going to push you towards high load funds that they make money on.

As i have said mulitiple times on here - start listening to/reading the White Coat Investor.

Fun story. In the course of a year my MA and I both pay about the same amount of money for life insurance. Maybe a $50 difference.

I have a term plan. She has a whole life plan.
My plan is for $1.5 million. Her plan will pay $50K if she dies.

She has 4 kids.

Whole life preys on people. I used the term website WhiteCoat investor was recommending a few years ago. The person actually got me a better plan than I initially applied for.
 
Either start learning stuff on your own, or throw it all in a few basic index funds,

A lot of the hospitals have a retirement fund where they match a certain percent.

Save whatever they will match (mine was 4% I believe so I put 4% into my 401k - 8% each month. It had 40k in it at graduation 3 years. Markets were booming).

The rest should go into a roth IRA

Then if any is left over, which it probably isnt being a resident and low income, you should put this towards student loans.

An index fund or health savings account (if hospital sponsors one) are also good places to throw extra money if student loans are not an issue.

Some may say pay off loans before contributing to roth IRA. I cant argue against this. But lowering your taxable income later in life by saving through a Roth IRA early will be valuable in your golden years.

edit. Reading the white coat investor book was incredibly helpful for someone who knew nothing about finances coming out of college. For a couple hours of your time you will have a basic understanding of what to do with your money (which I summed up above).
I find the podcasts to be the 2nd most helpful but they are a bit dry.

Edit #2. The book I was referring to was "The White Coat Investor: A Doctor's Guide To Personal Finance And Investing". I now see he has multiple books. I dont know anything about his other books but this one was very helpful. Find a copy of the book and spend the time to read it. Its worth it.
 
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I signed up for a high deductible plan for my last 6 months of residency. Premiums went down and they gave me $1200 for an HSA. HR however would not let me front load my HSA contributions to try and get $6K in before I left. Rolled the money over into Fidelity, invested it in total stock. Going to use it to pay for my next kid. Whitecoat investor would say - pay the birth out of cash and then let the HSA grow to be cashed later. That's great but I now literally have to carry a bag of receipts for health expenses to be cashed in later.
 
Whitecoat investor would say - pay the birth out of cash and then let the HSA grow to be cashed later. That's great but I now literally have to carry a bag of receipts for health expenses to be cashed in later.

it seems his recommendation is usually to use it for health expenses in retirement. Not, pay for birth in cash and then use those expenses to justify withdrawing from your HSA in 30 years. No reason to hold on to receipts.

The only thing people have to remember about whitecoat investor is that not all of the advice/strategies are realistic for a majority of podiatry graduates. The fundamentals are applicable, but most of us can’t do the things that MD/DOs are capable of doing right out of residency. Anesthesiologists can literally put more money in savings every year than a majority of new podiatry graduates earn in salary. As a podiatry associate I couldn’t max out all of the possible retirement accounts (well, I guess I could because I didn’t get any 401k investment options lol). I would have never been able to pay off my loans in 3-4 years. I couldn’t start investing in passive revenue streams, etc. $95-100k doesn’t give you the budgetary flexibility to do what his ED colleagues can do...
 
... I used the term website WhiteCoat investor was recommending a few years ago....
^^That website is not bad on most stuff, but it is just a blog with blanket advice for everyone. And it is fully sponsored by many insurance salesmen, accountants, CFPs, and even other 'guru' docs trying to promote their own blogs, etc. That relative conflict of interest should be apparent by the banner ads on the homepage and all blogs.

Keep in mind their goal is to sell ads and sell books and other products, not necessarily to help you personally. The Boglehead or MMM or WhiteCoatInvestor or Dave Ramsey, etc blanket advice of index funds for all first, term life for all, growth mutual funds for all, buy a house first, pay off debt first, etc is not always one-size-fits-all and cannot possibly be. They make general statements and present it all in an interesting way... to generate ad revenue, sell books, and further their own self interests. That said, you could do a lot worse for advice... just learn early and well to discern a sales pitch from advice. You are a doctor, and that means you are a target.

In the end, everyone's situation is different. We have to be careful of doing something or advising it just to be lemmings that all read a blog or saw a good attorney or salesman's presentation...
You only "need" term life if you are in house/car/etc debt and have a spouse/fam who you'd want to have money for that mortgage payoff/college/etc in event of a tragedy and if the spouse doesn't have the earn power or family $$$/support on their own. Even in that case, it's a judgment call as to how much and for what term. You should still focus on debt reduction and investment growth and ditch any term and/or disability asap. And pro tip: partner/marry someone who can earn well on their own and/or has a rich family if you want to solve a ton of problems. You don't have to swing at the first pitch; you never "owe" anyone anything - regardless of what fables you grew up with. People to date/marry will NEVER be in short supply if you have a good career and stay in shape. Facts of life. 😎
For a single person or dual income, term life generally makes very little sense. Disability is also sketchy... very expensive and will only at *best* get you back to near where you started before injury (assuming they don't weasel out or reduce your payments since you are found to be 'partially' disabled where you could still teach, do PPMR, admin, review charts, etc stuff). It's all personal decision, though, and it should be weighed based on family (current/planned), lifestyle, risk tolerance, spouse financial competence, etc.

...now, doing a basic cash emergency fund, Roth or backdoor 6k annually, deducting in a 401k to employer match level, starting a cash stock account, paying down high interest student loans, possibly adding more unmatched to 401/403 to its max level (gotta compare logic vs cash account... ask your CPA/CFP), alternative investments as desired, other account types if 1099 or entrepreneur? Yes, those are things 99% of docs should be doing - during residency and after. Having a CFP can come in handy for consult (paid hourly!), but they should just tell you what kinds of accounts, why, and when... not get a % or tell you what to buy. Figure that out what-to-buy on your own within the accounts; it is not hard with all the free web and books out there (but again... can be personal, based on risk tolerance).
 
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it seems his recommendation is usually to use it for health expenses in retirement. Not, pay for birth in cash and then use those expenses to justify withdrawing from your HSA in 30 years. No reason to hold on to receipts.

The only thing people have to remember about whitecoat investor is that not all of the advice/strategies are realistic for a majority of podiatry graduates. The fundamentals are applicable, but most of us can’t do the things that MD/DOs are capable of doing right out of residency. Same day deposit loans at https://directloantransfer.com/payday-loans-online-same-day-deposit/ coudl be the way to save yourself from hard financial situations Anesthesiologists can literally put more money in savings every year than a majority of new podiatry graduates earn in salary. As a podiatry associate I couldn’t max out all of the possible retirement accounts (well, I guess I could because I didn’t get any 401k investment options lol). I would have never been able to pay off my loans in 3-4 years. I couldn’t start investing in passive revenue streams, etc. $95-100k doesn’t give you the budgetary flexibility to do what his ED colleagues can do...
Not only that
people seem to forget that investment is always a gamble
You can call it whatever you want but even a maximum probability is still a probability
 
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@OP it's also your job to educate the other specialties about what podiatry does. Other specialties that don't interact interact podiatry often have little idea of what we can treat. Develop some sort of 90 second "elevator pitch" for to give when asked what it is you do. People won't refer to you if they don't know what's in your scope or skill set.
 
@OP it's also your job to educate the other specialties about what podiatry does. Other specialties that don't interact interact podiatry often have little idea of what we can treat. Develop some sort of 90 second "elevator pitch" for to give when asked what it is you do. People won't refer to you if they don't know what's in your scope or skill set.
Great suggestion. But make it 30 secs. And make sure you don't bring anyone else down in the process.
 
^^That website is not bad on most stuff, but it is just a blog with blanket advice for everyone. And it is fully sponsored by many insurance salesmen, accountants, CFPs, and even other 'guru' docs trying to promote their own blogs, etc. That relative conflict of interest should be apparent by the banner ads on the homepage and all blogs.

Keep in mind their goal is to sell ads and sell books and other products, not necessarily to help you personally. The Boglehead or MMM or WhiteCoatInvestor or Dave Ramsey, etc blanket advice of index funds for all first, term life for all, growth mutual funds for all, buy a house first, pay off debt first, etc is not always one-size-fits-all and cannot possibly be. They make general statements and present it all in an interesting way... to generate ad revenue, sell books, and further their own self interests. That said, you could do a lot worse for advice... just learn early and well to discern a sales pitch from advice. You are a doctor, and that means you are a target.

In the end, everyone's situation is different. We have to be careful of doing something or advising it just to be lemmings that all read a blog or saw a good attorney or salesman's presentation...
You only "need" term life if you are in house/car/etc debt and have a spouse/fam who you'd want to have money for that mortgage payoff/college/etc in event of a tragedy and if the spouse doesn't have the earn power or family $$$/support on their own. Even in that case, it's a judgment call as to how much and for what term. You should still focus on debt reduction and investment growth and ditch any term and/or disability asap. And pro tip: partner/marry someone who can earn well on their own and/or has a rich family if you want to solve a ton of problems. You don't have to swing at the first pitch; you never "owe" anyone anything - regardless of what fables you grew up with. People to date/marry will NEVER be in short supply if you have a good career and stay in shape. Facts of life. 😎
For a single person or dual income, term life generally makes very little sense. Disability is also sketchy... very expensive and will only at *best* get you back to near where you started before injury (assuming they don't weasel out or reduce your payments since you are found to be 'partially' disabled where you could still teach, do PPMR, admin, review charts, etc stuff). It's all personal decision, though, and it should be weighed based on family (current/planned), lifestyle, risk tolerance, spouse financial competence, etc.

...now, doing a basic cash emergency fund, Roth or backdoor 6k annually, deducting in a 401k to employer match level, starting a cash stock account, paying down high interest student loans, possibly adding more unmatched to 401/403 to its max level (gotta compare logic vs cash account... ask your CPA/CFP), alternative investments as desired, other account types if 1099 or entrepreneur? Yes, those are things 99% of docs should be doing - during residency and after. Having a CFP can come in handy for consult (paid hourly!), but they should just tell you what kinds of accounts, why, and when... not get a % or tell you what to buy. Figure that out what-to-buy on your own within the accounts; it is not hard with all the free web and books out there (but again... can be personal, based on risk tolerance).
Good stuff. Dave Ramsey is not for docs, he is best for the married couple with 50k income, 20k debt and a few kids. WCI certainly has branched out in recent years and some of his affiliates are more real estate focused which is interesting. And yes hard to relate to some of these student loan slayers that paid off 300k in 1.5 years of "living like a resident!". While he does tend to be fairly conservative in his approach, I think it is a good start for new residents/attendings. Once you have some things under control and a grasp on life, job etc can branch out and develop your own approach.
 
I didnt know anything about finance until I read WCI. Now I feel i'm on a good path. If you're cluless like I was its a great place to start.
 
Sounds like I need to branch out from my main money making information source which is WSB and do some reading on WCI.
 
We need to bring some WSB terminology over here.

Sticking with my first associate job. I'm sure they are going to treat me right. Diamond hands. Rocketship.

Been bag holding 3 years at Skippy’s chip n clip shack but we just transitioned from peddling formula 3 over to Tolcylen. I’ve been drawing lots of colorful charts with my crayons and I have calculated that this switch combined with the mycotic dust float percentage at over 100% will finally be the catalyst that takes this rocket ship to the moon.
 
Been bag holding 3 years at Skippy’s chip n clip shack but we just transitioned from peddling formula 3 over to Tolcylen. I’ve been drawing lots of colorful charts with my crayons and I have calculated that this switch combined with the mycotic dust float percentage at over 100% will finally be the catalyst that takes this rocket ship to the moon.
Gotta learn to play the game. If you quit tolcylen for awhile they'll send you 3 free sample vials to win you back. That's pure profit right there. Rocket fuel you might say.
 
Your boss = Vlad

Edit: Your boss = Melvin
 
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If you've never written a budget before you should at least give writing one a try. A minimalist effort is - write down all of the "consistent" monthly expenses + any 6-12 month expenses (ie. I pay car insurance off every 6 months and life insurance off once a year) so you at least see what the unchangeables are. ie. Add Rent + an approximation of power/water/utilities, internet, car insurance, cell phone, cable, netflix etc and see what that number looks like. Roughly calculate 10-15% of your payment salary for your student loan payments. See what that number looks like. It obviously doesn't include groceries, gas and daily things but those may need to be adjusted based on what the above is. Unfortunate unexpecteds won't be include though you could try budgeting for them ie. new car tires or wahtever. A true budget accounts for every dollar. Ie. at the end of a true budget you zero out the dollars into expenses, bills, savings, retirement, "cash/savings". My initial residency budget showed a surplus of like $50. We had written approximations for some bills that came under and we adjusted grocery shopping appropriately.

Your third year may be a ..crazy psychopath, controlling, in your business jerk - OR, your 3rd year may just be a person who knows they have 1 year to try and impart everything they can to you because in a year you need to be teaching your first year. They will be gone sooner than you think. They've been there 2 years longer than you and they've seen things you haven't seen, changes, evolutions in the program, heard things the attending said, things the attending may not say anymore, etc. They've seen the uncommon case where they know the attending will want this or that. It is entirely possible you will ultimately be better friends with your 2nd year than you are with your 3rd year, but maintain your connection to them. They can teach you. More often than not they mean well. And when it comes to jobs and advice and such they will always be 2 years ahead of you.

People are obsessed with texting, but a simple phonecall between doctors can answer things much more quickly than a series of quick back and forth texts. Forever ago I worked for this super boss person at a big company. I'd send them detailed emails with lots of options and information. This was back when smart phones were JUST becoming a thing and she'd reply "yes" to like a 5 page email. We'd solve the whole thing in 2 minutes with a phonecall.

There are certain weird things that will assuredly be part of how your hospital works/functions etc that are not in any way intuitive. I'm leaving this sentence very broad, but at my hospital the key words to order vascular studies were unknowable/weird and didn't pull up with any of the common words you'd use to search for them. Its stupid, but in a few months - no one is going to tolerate you not knowing how to do it. Write it down. Keep a list. Save stuff into your phone. Just learn how to do it.

My personal experience is that if you are putting medications in for an inpatient and you're lost/stuck/something isn't right - you should call the pharmacist. Your mileage may vary but I never called them where they didn't help me or fix what I'd done.

Always check both feet on a diabetic with an ulcer. A new patient with 1 shoe on and 1 shoe off needs to have both shoes off.

Make it a point to learn people's names at your hospital. The OR staff. The floor staff. The hospitals. etc. Mindy Kaling has a line in a book where she says - there is no such thing as being bad at names. Not knowing names is like saying "hi, nice to meet you, I'm rude." Some hospitals are giant but knowing people at your hospital will serve you well.

It is entirely likely that the OR staff knows BETTER THAN YOU what your attending wants next. I know. We're surgeons. But they are in the OR 100% of the time. However, your job is to learn stone cold how your attending wants the case done.

There's an old book/study somewhere out there about surgical residencies talking about training/knowledge etc. One of the things they discuss is resident failures/forms of deficiency. For lack of a better word - real deficiencies and .."social" deficiencies. A real deficiency is not knowing what sepsis looks like. A social deficiency is not knowing what suture this attending likes. But its a BIG deal. Your attending very possible is going to want to arrive late to an OR that is perfectly set-up with all the things they want. They will want you to have gone over the room - all the sutures in place, hardware, tourniquet, lights etc. You'll have already potentially opened up the hardware and said - good, we've got the screws, the wires, the guides.

Maybe my residency was just weird but resident blade time increased when the attending perceived everything as perfect. Working with an attending the next day that you don't know - ask what they want/need etc. This will also prepare you to be an attending in the future - did I contact my hardware rep to make sure my plates will be there?

About a day after you see a patient you are going to start forgeting things in their note. Either keep a paper cheat sheet for yourself or write the note as soon as you can. I often wrote 40-50 notes on a weekend. It was bullcrap and beyond my control. As an attending now I knock everything out by the next morning and my life is infinitely better.

Start working on smart phrases - start bringing together those things you see over and over again.

Your program will have ideas, culture, its own way of doing things. Learn this but learn what EACH of your attendings believe. Unfortunately it is possible some of your attendings believe entirely different things and you will be stuck between them. That ankle fracture doesn't need to be fixed. Yes it does. Would you want your kid to have that fracture, blah blah blah. When you first start to meet attendings you don't know - listen more than you talk.

If your attendings use you as a nail slave - the template wording is very specific and if you don't write down all the A, B, Cs right they might not get paid. Womp womp!

Even if you aren't at an academic program - put time down for yourself at least a few times a month to read. Read broadly. But also - read specifically. Pick a topic and try to just hit everything you can about it. Dedicate a day to just reading about 1st MPJ fusion or whatever.

No one is going to tolerate a 1st year who is late. Late people can't "pre-round" to give themselves an advantage/look something up. You are setting yourself up to get your butt kicked for the rest of the year. The guy who starts off screwing up is the guy who everyone is watching for the rest of the year dissecting their every motion. People who are early can do things like - check the clinic schedule ahead of time. Run through patients and see - oh hey, this person is getting scheduled for surgery today. They can give studies/images an extra read. They can see that the hospital admitted someone at 4am but never called you and the patient needs a TMA at 6am so you can call the attending and slam the case before clinic. They can predict the things that will trigger the attending to drop a bullcrap pimping session. In short - being earlier gives advantages.

Keep your personal life in order. When your personal life affects your work life negatively you'll start screwing up. That means doing things that need to and must be done in those moments where you'd rather just sit down.

The question with blood thinners is not "when can this patient come off of it" but why is the patient on a blood thinner. In general, work with the assumption you should never take a patient off a blood thinner without the permission of the cardiologist, vascular surgeon, etc who prescribed it.

When something bad is happening - solve it, address it, get your attending involved, etc as soon as possible. For disasters - write the note immediately.

For sick patients - get other doctors involved. Get more opinions, clearance, etc.

Terrible story. A chronically sick patient, literally like 25, shows up with a displaced ankle fracture. She's been admitted regularly and is familiar to the ICU staff. Patient is worked up by a Pulm/CC doctor and anesthesiology. They believe she can have surgery. Podiatry indicates they can reduce, wait, splint - whatever. She's in the OR, sedated, etc and before podiatry can make a cut - she codes. Stabilized. Podiatry reduces and places a splint. She's taken to the ICU where she dies. We're looking ...as clean as we can look in this terrible situation. And then.... the podiatry resident NEVER writes a note. Like literally the resident never documents anything until greater than a month after the fact. There needed to be a series of notes on that patient. A pre discussing our intention and plan and definitely a note discussing the horrible circumstances afterwards, what we did, what we knew etc. If you are sued in this situation the lawyer is going to have a field day with your 6 week old note.

Be open to the idea that you probably aren't as good as you think you are. You will receive unfair criticism. You may be chewed out for doing the right thing. You might do the right thing but not do it the right way or perhaps you didn't clear it with your attending ahead of time. Whatever. Good or bad, take it all. Try and learn from it and then remember - 3 years is both an eternity and not that long.

When I ask you if you did something and you didn't do it the answer is "no I didn't do it". Not ...ummmm, uh, uh well I was going to.

If the ED calls you as a first year you might as well just go in every time. If you think your 3rd year doesn't like your crap, wait till you meet the ED attending who doesn't know you. Get to know this ED attending. Earn their respect if you can. Earning their respecting will improve your quality of life. They can deflect so much stupid crap for you or dump so much garbage. What you want to go in for is infections, amps, ruptures, fractures etc. They can play dumb on plantar fasciitis and long toenails.

Probably the easiest way to expose yourself to litigation is to make independent judgements without in some way bringing your attending into the loop.

If you don't have a strong understanding of vascular disease, critical limb ischemia, ischemic ulcerations etc - get your game on. There's a reason vascular disease sits at the top of the wound healing center decision charts. Its because it will destroy everything else we do if untreated.

Rude patients are often simply scared. Some can be won over.

Patients with complicated histories who are frustrated can often be won over - by stopping, calming things, down and then bring the information for them back together into a clear summary. You are here with this issue - you've had surgery with this doctor, you are seeing this cardiologist, its been going on since your ankle fractures or whatever. Another doctor recommended this and now you'd like a second opinion.

Remember that at the end of this you need to be a fully functioning attending. If you're still asking yourself simple how do I do this questions half way through your 3rd year you really need to start answering those questions.

If your attending can't trust you to close a full thickness incision ie. they leave and then have to scrub back in - you need to correct this immediately.

Take lots of pictures. You'll need them for your fellow presentations.

Find a way to learn from both the right and wrong way. Question every case and every procedure. Do we really need to do this. But recognize your education and knowledge of how to do things may unfortunately have come from a case that shouldn't have happened.

Is the hardware rep really your friend?

Unless you are amazing and know everything there is to know about a patient - reread/skim a person's chart before you go into the room. I have gotten so many patients from a local doctor who walks into the room with no idea of what is going on. They thought they were there to discuss surgery. His "why are you here" did not inspire their confident.

Last of all and most important. You may recall how much it sucked being a student. I had some great months and some dog crap months and more often than not the worst thing about a program was the treatment I received from weird douche residents. Consider treating students the way you would have liked to be treated.

That's enough.
This is great advice, thank you.
 
Did y'all refinance your loans in residency for a lower interest rate? How much did y'all pay on your loans or would you recommend paying as a resident?

I did not refinance during residency. I began making eligible PAYE payments and then when my wife started working 6-7 months into residency, I started making additional payments every month to keep the debt from growing due to interest. If I remember correctly, I only had to make $200-250 payments every month in residency, but at 7% my $140,000 had nearly $10k in interest accruing every year.

I started looking into refinancing in my 3rd year but was told (I believe it was sofi) that income affected the rate I would get from them. So despite a 780-800 credit score at the time, I wasn’t getting anywhere near the advertised low 2% rates. Pretty sure I was still around 4%. Assuming that was accurate, and it does make sense given lender risk is higher with a borrower making less money, then for a lot of folks it probably doesn’t make sense to refinance as a resident. Just keep the dang thing from growing as best you can. But if you can afford the payment and can go from 7% down to below 3%, that’s saving at least $8000 in interest every year for the average borrower. That makes the refinance costs worth it. And some of you with $300,000+ in debt would save more like $11-12k every year. If you’re still getting offered 5%+ refinance rates because of your resident salary or you have awful credit then I personally wouldn’t refinance once in residency and then again when you make slightly more as a podiatry associate. Just do it once after residency. You just have to remember that the refinance is gonna shorten the term, which means you have to be able to pay $2-3k every month (I would assume at minimum, unless sofi has 30 yr options like a mortgage, but 10 yr seems more likely). You can’t do that on a residents salary without a working spouse.

I personally wouldn’t bank on any sort of loan forgiveness program. Most of you will work for ineligible employers when it comes to public service loan forgiveness. And making minimum payments for 20 years or whatever the income based payment schedule is, and then owing taxes on the portion that is forgiven seems like a miserable way to live. Assuming you don’t land a hospital job out of residency you should refinance to the lowest rate possible and pay your loans off as quickly as possible.

Disclaimer: I haven’t looked into any of this for 4 years now and so rates and terms could be different enough that this is bad advice. Math is still math though, and the theory behind “when you refinance” will never change. How much does it cost in fees to get a lower interest rate? Will the decrease in rate pay for the cost of those fees over the life of the loan, or at least until then next possible refinance? Can you afford the payment assuming a much shorter term?
 
I personally wouldn’t bank on any sort of loan forgiveness program. Most of you will work for ineligible employers when it comes to public service loan forgiveness. And making minimum payments for 20 years or whatever the income based payment schedule is, and then owing taxes on the portion that is forgiven seems like a miserable way to live. Assuming you don’t land a hospital job out of residency you should refinance to the lowest rate possible and pay your loans off as quickly as possible.
Clarification here:

Public service loan forgiveness is 10 years at any non profit and the loans forgiven are not taxed. White coat investor has 2 podcasts on it.

The revised pay as you earn plans are 20 years and what is forgiven is taxed.

Its best to just pay them off. How miserable would it be to be 7 years in and have to change to a new position that is not non profit?
 
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Appreciate all the advice.

Anyone else is welcome to comment as we count down our last few weeks of freedom.

Relationship advice, vacation advice, OR and clinic advice, dealing with staff advice and all stories welcome.
 
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