Investing and the Long Game

Residency is one of the most financially complicated periods of a doctor’s life, and also one of the most financially neglected. You are finally earning a salary, but it is a modest one relative to the debt you are carrying and the cost of living in most cities where residency programs exist. You are working

One of the reasons we started this blog is that we realised early on how little medical training prepares you for the financial decisions you will have to make — both during school and long after it. The more we have read and learned, the more we have come to appreciate that a lot of

The short answer is yes. But we understand why this is not as obvious as it sounds. When you are living on loan disbursements and money is already stretched thin, the idea of setting some aside specifically to not touch feels almost counterintuitive. Every dollar you save is a dollar borrowed at interest. So why

Investing is one of those topics that feels more complicated than it actually is. When we first started reading about it, we came across index funds, ETFs, expense ratios, tax-advantaged accounts, and a great deal of confident advice written for Americans. It was genuinely hard to know where to start. The concepts turn out to

There is a version of a doctor’s financial life that looks great on paper but does not actually feel that way. High income, prestigious career, respected profession — and somehow still living paycheck to paycheck well into their forties. It sounds contradictory, but it is more common than most people realize. A big part of

This is one of those concepts that sounds simple when you first hear it but takes a while to actually sink in. We learned about compound interest early on when we started reading about personal finance, and honestly our first reaction was something like — okay, so your money grows over time, got it. But

When we started medical school, investing was the last thing on our minds. We were too busy trying to survive anatomy and figure out how our student loans actually worked. Nobody around us was talking about it, and nothing in our curriculum came close to covering it. But the more we started learning about personal

The short answer to “can I invest as a medical student” is yes. Nothing stops you. You can open a brokerage account this afternoon. But that is not really the question, and answering it that way skips the part that actually matters. Almost every medical student we know is living on money they borrowed. The