How to plan for long-term success, even when faced with massive school loans.
According to the American Medical Association, 81 percent of physicians in their 30s are paying back student loans. As a new attending, making some commitments now can mitigate the pain of those payments while boosting your chances for long-term financial success.
Daniel Orlovich, MD, PharmD, a resident physician in the Stanford University Department of Anesthesiology, Perioperative and Pain Medicine, provides the following tips:
Refinance from a government loan to a private loan
Protect your income
Pay yourself first
Create a health savings account