The ER DOC Finance Blog

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





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.


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


Practice investing like you practice medicine: Evidence-Based.


Retire on your terms and still enjoy life today.


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

Fixed vs Adjustable Rate Mortgage

There are two main types of mortgages. A fixed rate mortgage has the same rate and payment the entire time. An adjustable rate mortgage (ARM) can change its rate, and therefore your payment, as rates change in the marketplace. We strongly recommend a fixed rate...

Factors Can Increase Expected Return

In our previous article and video, What is Evidence-Based Investing?, we summarized three principles of Evidence-Based Investing. Those principles include: Passive > Active Global diversification Factors can increase expected return This article goes into more...

Can Money Buy Happiness?

The average pay for an emergency physician is over $300,000 per year. Most people recognize that they need professional advice on how to save and invest that level of income. When it comes to spending, most people rely on their intuitions. Happy Money: The Science of...

Global Diversification

One principle of Evidence-Based Investing is Global Diversification. Diversification means you don't have all your eggs in one basket. This means owning thousands of stocks (likely in the form of mutual funds or ETFs), as opposed to owning a handful of individual...

How to Pay Lower Taxes in Retirement

Taxes are the largest single expense for retirees. You can lose anywhere from 0% to 50% of your retirement assets to taxes. This post explains how to pay lower taxes in retirement. What is tax diversification There are multiple different types of accounts that...

Active vs Passive Investing

There are two main ways that fund companies approach investing: active and passive. Active managers hire an expensive research team to pick if Coke or Pepsi will do better. In this way, they hope to "beat the market." Passive managers just buy Coke and Pepsi. Lower...

Term vs Whole Life Insurance

In this short video (3 min) I explain the difference between term and whole life insurance, and why ER doctors should buy term life insurance and avoid whole life insurance.   Highlights 99% of ER doctors should buy term life insurance, NOT whole life insurance...

What is Evidence-Based Investing?

In this short video (<3 min) I cover three main principles of evidence-based investing. In his book The One-Page Financial Plan, author Carl Richards provides a great anecdote that explains the concept of evidence based investing. "A friend who also happens to be a...

Should I Pay Off Debt or Invest?

One of the most common questions we get from our clients is "Should I pay off debt or invest?" When you become an attending physician, you're finally at the point where you have some excess cash at the end of the month, and you want to make sure you're using it...

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


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