+ LR-Icons —

Finance 101 for Residents

You’re out of medical school and ready to face your finances — but where do you start? Start with the basics that can help you manage your finances and avoid lifestyle creep.

11 Resources

Overlay Background
1.
Residents Dr.Nicolet Finger and Dr. Shiv Vyas

Overcoming Financial Challenges During Residency

Dr. Nicolet Finger and Dr. Shiv Vyas discuss the financial challenges they've had to overcome during residency and the strategies they use to find fin...

34:26 min

Episode 18
2.
Icon depicting a calculator and a bill

Quick Budgeting Tips for Doctors

Many doctors don’t keep a formal written budget, but they should. Even high earners need a plan.

01:22 min

3.
Dr. Chirag Shah and Dr. Miglia Cornejo

Financial Tips for Match Day & New Residents

This episode discusses Match Day, as fourth-year med students are matched to programs, and how they should consider their finances before starting res...

24:20 min

Episode 15
4.
Stethoscope sitting on charts and a notebook.

The Five Basics of Financial Success for Physicians

Financial success starts with making good choices. Whether you’re in your first year of residency or are an established attending,...

6 min read

Read
5.
Drs. Shah & Sanjay

Managing Student Loans & Finances for Residents

Ep. 11 discusses the challenges of managing student loans and personal finances as a medical resident.

35:58 min

Episode 11
6.
Professional learning about how to improve he credit score when she has student loan debt

How to Improve Your Credit Score When You Have Student Loans

Understanding how student loans impact your credit can help you stay on top of your finances. Learn how to manage your credit score even when you have...

8 min read

Read
7.
Icon depicting a gauge measuring debt to income ratio, indicating low DTI

What is Debt-to-Income Ratio?

Watch to learn how to calculate your DTI.

01:00 min

8.
Stressed Asian Woman Worry About Imbalance Income And Debt

Why Is Debt-to-Income Ratio Important?

You might hear the acronym “DTI”, or debt-to-income ratio, come up if you’re applying for a mortgage, personal loan, or refinancing your student...

11 min read

Read
9.
Rich couple making a toast with champagne glasses while eating canapes aboard a private jet.

What Every Medical Resident Needs to Know About Lifestyle Creep

Lifestyle creep is when higher income leads to higher discretionary spending — in other words: the more you make, the more you spend on experiences...

9 min read

Read
10.
A jar filled with coins enclosed by stethoscope and a small red heart-shaped object placed near a jar.

5 Habits to Help Doctors Avoid Lifestyle Inflation

As a high earner (or future high earner) you may have heard of the dangers of lifestyle inflation. Some doctors...

9 min read

Read
11.
adult and child hands holding red heart.

Life Insurance for Physicians

As a physician, you understand more than anyone that human life can be fragile and is certainly not guaranteed. That’s...

7 min read

Read

Don’t miss the latest financial resources.

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Get tailored Laurel Road resources delivered to your inbox.

Search Results

0