My Very First Post
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 Kevin
Hi - this is all great info, especially these days! I hope you won’t forget to let people know that credit unions are here and still stable.
With everything that’s been going so wrong in the economy, it’s nice to let people know someone is doing something right! Credit unions have never asked for - or needed - a bailout and are not part of the current economic problem. Credit unions have always adhered to conservative lending practices, not the risky loan programs and subprime mess that everyone had heard so much about.
Many people don’t realize that the credit union deposits are federally insured to at least $250,000 by the NCUA (National Credit Union Association) just like the FDIC for banks.As not-for-profit cooperatives with their member-owners’ interests in mind, credit unions hold on to mortgage loans instead of selling them to a secondary market for a quick dollar. And unlike banks, credit unions are locally owned - members’ money stays local, and gets reinvested in the local community.
People should know that there are still some very sound and responsible financial institutions out there!
Comment by Jerry
This is a great idea and I have been enjoying this blog for some time. I hope that your schedule eases up some in residency to lead you to be able to update it again soon. It’s true that medical students and physicians need some insurance that they know how to manage finances once they are practicing. Otherwise it is very easy to make 200k per year and spend 250k!
Jerry
Comment by betty parker
Dear Admin
I greatly enjoyed looking through your blog and found some informative posts on finance. I have also some finance related web sites having more information regarding various financial problems and its solutions.
So,I think it would be beneficial for both of us if we will join in a community and become link partners to each other which will help your blog/site in getting more Google values. If you are interested then please contact me at my email-id.
We can also write a blog post for each others blog on any financial topic with a link in it.
Waiting for your earliest response.
Thanks and regards
Betty Parker
(contactbettyparker@gmail.com)
[ N.B:- I DO ONLY THREE WAY LINK EXCHANGE ]