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Saturday, February 16, 2019
For many medical couples, combining finances might be a big mental hurdle to overcome once they tie the knot. After all, you’ve been “on your own” through medical school, residency, or maybe even after training. You’re used to managing your own money, and you might even be accustomed to splitting rent, utilities, food, and other expenses while dating your other...
As physician families, sometimes it can feel like you’re constantly paying taxes. For as hard as you work, this can definitely be a drag. Luckily, when it comes to your retirement accounts, there is a way to grow your retirement money tax free, allowing you to keep a significant amount of your gains over the years. Under current law, the...
It’s hard to find quality financial advice that is specific to physicians and student debt. That’s one of the reasons I started my firm, Physician Wealth Services. It’s also why I was so angry when a client sent me this clip from the Dave Ramsey show where a young doctor called in and got terrible advice. If you’re not familiar...
Buying a home can be a really fun process, but it can also be overwhelming. After all, there are a lot of different options for physicians when it comes to home loans. Plus, let’s be honest, after spending so much time in school and in training, it’s really important that you find a house you love – something you...
  The younger physicians I help with their financial planning often have questions regarding saving for college for their children. So, I thought it would be helpful to write a post to explain what a 529 college savings plan is and if it’s even worth opening. Like everything else in financial planning, the answer to this question will really depend on...
SoFi Refinance
Being married to a busy professional typically comes along with student loans and tons of debt.  Friends of ours will often joke about how they would love to "roll in the dough" like we do.  What they almost always forget, is with a great job title and income typically comes an even greater debt load! DMD Lifestyle is proud...
How to teach your kids to value money with Fee Only Financial Planner, Ryan Inman Have you wondered how to teach your kids to value the toys or gifts that they ask for all the time? Have you wondered how to help your kids place a value on their grades or chores in exchange for an allowance? What about how to encourage...
physician wealth services buying a car personal finance doctor
Whenever I meet with a client for the first time to create their financial plan, the topic of buying a car always comes up. My clients usually want to know how much can they afford to spend on a car, and what is the best way to buy a car. They want to feel like they’re getting a great...
Graduating from residency and starting your career is a busy time, but it’s also a time when you’ll experience a large income jump, when your student loans will be due, and when you’ll start to feel the pressure of lifestyle inflation. So, although you’re busy taking care of others, don’t forget to take care of you too. Below are some...
There’s nothing more exciting than matching into a residency program, especially after four years of enduring medical school. Plus, with that new work contract often comes new colleagues, a paycheck for the first time in a long time, and perhaps a new city to live in. This is also the time that many young doctors think about buying their...

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