My Very First Post
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One of the reasons why I thought it might be a good idea to start something like this was that upon speaking with my fellow colleagues in medical school and my friends in other various professions, I found that these “brighter than the average bear” people had very little knowledge in finance. By finance, I mean knowing how to save money where money can be saved. Before I got seriously interested in learning more about money and finance I realized how much money I’ve wasted. After hurricane Katrina, the amount of money I’ve wasted was amazing.
I’ve noticed that there are hundreds of other blogs out there that are focused on personal finance as well. I wanted to gear this particular website to fellow professionals in training, particularly professional students and residents. I know people say to me “oh you don’t need to worry about money, you’ll be swimming in it in no time! You’re going to be a doctor!” Well…now that its been about 2 days after getting my MD, I’m actually swimming in debt. I know for a fact that I could have had much much less debt if I wasn’t buying things that when I look at what I have, I’m amazed at the pile of trash and useless things that I accumulated. And imagine moving all of that stuff after graduating and moving onto your job or residency! Now imagine moving more than a half a dozen times because if you happen to be a hurrican katrina evacuee that was exactly what you had to do.
I also want this website to be a source for things not medically related but relevant to the day in and day out stuff that we all have to deal with ranging from things like what is an IRA? do i need to worry about retirement? how does interest rates affect me? where can I get the cheapest furniture? how can I save on taxes? Is this the best phone plan? should I buy a house? to the technical stuff like, how do you valuate a stock? how do you deduct charitable contributions?
In addition, now that I’m spending more time on the internet, I found some really great websites that I never knew existed. There are more resources available here than you might think. I’d like to be able to provide that to my reading audience.
Finally, not to make it too general, I want to spend some time writing about the various things that Atlanta, GA has to offer. I also will write about and hopefully be an introduction to an orientation like package for professionals moving to atlanta and to residents at Emory.
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Comment by Christina
Great blog idea JK! I am sure some of your $ ideas will work for non-physicians too
Comment by Andrew
I like what you are doing here. Keep up the good work and I hope I can help.
Andrew, MD/MPH 08
Comment by admin
Andrew thanks for the comment, i hope this site can be useful for everyone out there.
Comment by Jennie
Thanks JK! As a soon-to-be your fellow intern, I am going to be making a mad rush of a move down to Emory soon, so thanks in advance for any tips that would make the move better. Have you looked into topics such as disability insurance too? Sigh so much to learn still about everything else outside of med…
Comment by Apollo
Great posts on your blog so far. Keep up the good work! (from a fellow Tulanian)
Comment by Charls King
Hi,
Today I have visited your blog and found some quality information. I think you have maintained a great blog. That’s why we would like to exchange links with your blog.
Please send me your link info.
Waiting for your reply.
With Best Regards,
charls
Comment by Jerry
Doctors certainly make a decent wage - but astonishingly few of them know how to manage their money. There are so many important financial issues for physicians to consider, from malpractice insurance to investments to student loans… it leads me to believe that a blog like this one is desperately needed!
Jerry
www.leads4insurance.com