The ER DOC Finance Blog

The #1 Resource For ER Docs Who Want Trusted Money Advice

Debt

Investing

Retirement

Taxes

Other Cool Stuff

ER Doctors Are In A Unique Financial Position.

Your training taught you to handle anything that walks in the door. It probably didn’t teach you how to handle the money you make.

Debt

Student loans, mortgages, credit cards, oh my! How to optimize your debt.

Investing

Practice investing like you practice medicine: Evidence-Based.

Retirement

Retire on your terms and still enjoy life today.

Taxes

Keep your biggest expense as low as (legally) possible.

Other Cool Stuff

Charitable giving, estate planning, behavioral finance, and more.

Latest Posts At A Glance

Monitoring Financial Health: Debt Rate

What is Debt Rate? Debt Rate is a key indicator of your financial health. It's the percentage of your annual gross income that goes to debt payments. Total Annual Debt Payments / Total Personal Income = Debt Rate Example: Assume your annual income is $300K. If you're...

Monitoring Financial Health: Qualified Term

What is Qualified Term? Qualified Term indicates the number of years you could live on your current qualified assets. "Qualified assets" refers to money in retirement accounts. This includes pre-tax accounts like Traditional 401(k)s and IRAs, and tax-free accounts...

Monitoring Financial Health: Equity Rate

What is Equity Rate? Equity Rate is an important financial metric.  It's the percentage of your investment portfolio that's in stocks. "Equity" is another word for "stock." Equity (Stock) Investments / Total Investments = Equity Rate Example: Assume you have $2...

Monitoring Financial Health: Total Term

What is Total Term? Total Term estimates the number of years you could live on your current net worth. Your net worth is everything you own (investments, house, cash, etc.) minus everything you owe (mortgage, student loans, etc.). Net Worth / Annual Living Expenses =...

Monitoring Financial Health: Tax Rate

What is Tax Rate? Tax Rate is a key indicator of your financial health. It's the percentage of your annual gross income that goes to taxes. Total Annual Taxes Paid / Total Personal Income = Tax Rate Example: Assume your annual income is $300K. If you pay $87,600 in...

How To Freeze Your Credit

Stop bad guys from getting loans in your name. Here's how to freeze your credit quickly and easily. Background There are three major credit bureaus: Equifax, Experian, and TransUnion. Each one tracks your credit history and calculates a credit score. When you apply...

The 5 Biggest Financial Mistakes ER Doctors Make And Simple Ways To Solve Them

 

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