As a resident you face a dilemma. You are probably aware you need disability insurance but the cost can be prohibitive. A “good” resident policy with a $5,000 a month benefit can cost between $1,500 and $3,000. With an average PGY1 salary in 2016 of $52,200, that cost represents 3% to 6% of your
Switching from RePAYE to another Repayment Plan, Part 2
The only time switching from RePAYE to PAYE while still in residency will help is if your loan balance is low compared to your increasing income.I discussed why switching after residency does not work in my blog post here. I thought it would be helpful to go through some specific scenarios on
Thinking About Switching from RePAYE While in PSLF? Think Again!
Pursuing PSLF and planning to switch from RePAYE to PAYE after residency does not work. You are better off choosing the best plan up front or switching to PAYE while still in residency.You will not be able to change to IBR once your income increases, nor will you be able to switch to the 10-Year
Essentialism by Greg McKeown
Essentialism is a mindset. It is a way to approach all of the incoming opportunities and requests for your time and only accepting the truly important ones. The concept of this book is very simple. If you work on many tasks at once, you will make very little progress on any of those tasks. If you
The Crossroads of Should and Must, by Elle Luna
There are so many people wondering about how to find their passion, their meaning in life, or as Elle Luna puts it; their “Must”.This book is about how you can identify all of the “Shoulds” in your life, address whether or not they are still applicable and then try to move on to your “Must”.Elle
Do Not Trust Advice from Your Student Loan Servicer
Business Are in Business to Make Money The main objective for most businesses is to make a profit. Some businesses will attempt to meet this objective at any cost even when it seems counter to what the public believes is their mandate. This is why we have been telling people not to trust the advice