© 2022 MJH Life Sciences and Medical Economics. All rights reserved.
© 2022 MJH Life Sciences™ and Medical Economics. All rights reserved.
Good advice â€“ itâ€™s the hardest thing in the world to find, but letâ€™s start with this mental trick from Wharton Professor Rom Schrift. When you are facing any decision among choices, financial, or otherwise, add the option of â€œdo nothingâ€ to the list.
Sometimes the best money advice doesnâ€™t come from a financial adviser or CPA. Sometimes it comes fromâ€¦ a bumper sticker?
Now that most docs are associated with some group, it behooves us to learn how to flourish in this new environment. And, like so many other subjects covered here on Physicianâ€™s Money Digest (PMD), there is little or nothing in our professional training to guide us.
If thereâ€™s one thing that everyone loves bragging about, itâ€™s how much money they saved on a great deal. Hereâ€™s some tips that will help you do just that.
A large 2016 study from Harvard showed there is an â€œatrociousâ€ gender wage gap in medicine. The income gap by specialty varied from about $20,000 to a whopping $50,000 in some of the surgical specialties.
A casual observer might argue that much of what a physician does is, in effect, sales. We are often trying to talk someone into something, a medical work up or treatment, or out of something, like self-destructive habits.