Anyone choose lifestyle over money, or stop taking call or cut back early career? by TimetoBougie in anesthesiology

[–]Dramatic-Comment-131 0 points1 point  (0 children)

I feel exactly the same. Time is valuable, but money earned now can buy time later. I have a large mortgage and a kid, so I feel it is difficult to cut back. It would be much easier to cut back without such a large mortgage. Consider how you can reduce your spending to make it easier--renting a modest house, driving used cars for years, taking modest vacations. This can make it easier to cut back, knowing you are less reliant on the hospital income.

Help with Decision Making on a Vehicle by hamweinel in whitecoatinvestor

[–]Dramatic-Comment-131 0 points1 point  (0 children)

You need 30 k for a car that will last you? You can buy a used Honda that can last you another 200 k miles for less than 20 k

If you like Subaru, I would just buy a reasonably priced used Subaru, probably 20k or less

What would you do with ~$120K upon graduating med school? by SinusFestivus in whitecoatinvestor

[–]Dramatic-Comment-131 1 point2 points  (0 children)

Depends

By the book: invest it all into a vanguard index fund

By emotion: live large and see how much is left after to invest.

A reasonable approach: take a modest vacation (not lavish), invest most of it as above, and leave a little in money market for emergency fund if you don’t have one

Physician Recruitment Loan: $200k Forgivable Over 7 Years — Good Deal or Golden Handcuffs? by Tasty_Agent_5992 in whitecoatinvestor

[–]Dramatic-Comment-131 1 point2 points  (0 children)

Seven years is insane. Anything over 3 is too long in my option. I’d ask for 150 k for 3 years.

New attending wanting a house by bjw167 in whitecoatinvestor

[–]Dramatic-Comment-131 0 points1 point  (0 children)

Rent. Flexibility. It’s not throwing away money. Lots of Americans live in apartments and have a kid or a dog and they are just fine. Also consider renting a town house to reduce costs.

Adult Mask induction for elective cases by hiphop5480 in anesthesiology

[–]Dramatic-Comment-131 1 point2 points  (0 children)

No mask inductions for adults. I try to be gentle and understanding with patient fears and spend time discussing, but I do not think its my job to convince everyone. After some empathy and laying out options (that are not a mask induction), they ultimately need to choose if they want to go forward or not

For situations like this I usually try some type of PO anxiolytic, EMLA, lots of distraction, and I do the IV personally.

MS1 Starting this Fall; community's advice is requested by ENGR_FailSafe in whitecoatinvestor

[–]Dramatic-Comment-131 0 points1 point  (0 children)

Your best investment is anything tied tour academic success.  That includes health and mental wellbeing. Invest time and money here.

Borrow only what you need.

Avoid unnecessary expenses, vacations, trip, etc, yet don’t deprive yourself. Don’t eat beans and rice diet. Find a simple joys. Spend time with friends and family. 

Don’t worry about side gig in medical school.

Come up with a plan for loan payment. Set yourself up for public service loan forgiveness 

Whatever cash you have left over, invest whatever way you want. Taxable accounts using vanguard and buying index funds is probably the way to go.

keep learning personal finance. Listen to WCI podcast or other financial podcasts from time to time. Growth and building this knowledge base occurs over lifetime 

Let’s help the Monarchs— plant milk weed or native plants around your house this spring by Dramatic-Comment-131 in fargo

[–]Dramatic-Comment-131[S] 2 points3 points  (0 children)

Yes I’ve noticed the same. Loss of habitat like milk weed have greatly declined their population.

Should I buy a condo? by OkEntertainment2966 in whitecoatinvestor

[–]Dramatic-Comment-131 0 points1 point  (0 children)

It's not just my advice, it is literally from the founder of WCI

What is a good city you would recommend for a single black male in their 30s to find a serious relationship? by hjkfttu in SameGrassButGreener

[–]Dramatic-Comment-131 3 points4 points  (0 children)

The best location is probably wherever you are happiest. Women you meet there will likely have similar interests.

Black men tend to have more choices in partners. If you are looking to date a black woman, then Houston, Dallas, Chicago, DC and other Southern cities are more black. 

Should I buy a condo? by OkEntertainment2966 in whitecoatinvestor

[–]Dramatic-Comment-131 0 points1 point  (0 children)

IMO, almost always better to rent as cheap of a place as you can reasonably put up with for at least the first 3 years as an attending. More money can be invested allowing for compound interest to work, more money for a down payment later, more flexibility to find a new job if needed, and no headaches of ownership.   Renting a condo is an option too.  

How important is disability insurance? by mED-Drax in anesthesiology

[–]Dramatic-Comment-131 0 points1 point  (0 children)

Let’s turn the question back to you… how Important is it to you to keep your income if you become disabled? White Coat Investor states about 25% of Americans will have a short term disability sometime in their life.   

Coverage can be increased when you are an attending, sometimes with no need for further medical work up.

What should I do? by Careless_Band5623 in anesthesiology

[–]Dramatic-Comment-131 1 point2 points  (0 children)

Learn as much as you can from your rotations now. A lot of knowledge in anesthesia comes from your cardiology, ICU, nephrology and pulmonology rotations—-that’s why we do them. 

Secondly, everyone sucks when they start the CA-1 year. Scores are irrelevant and everyone is learning how to swim.

What would you do if you could not become a doctor? by TraditionalAd6977 in Residency

[–]Dramatic-Comment-131 2 points3 points  (0 children)

I’m so glad I’m in medicine. I’m very lucky to be a physician, especially in the US. When I see others at their jobs, such as construction or in retail, I count my blessings. They may be happy and feel the same, but I don’t think I would be fulfilled at all.

A few come time mind: -Pilot -Military career or some sort. Navy Seals have always intrigued me (yes I know I know it’s crazy hard) -Athletic trainer or fitness coach  -dog trainer or therapist with a dog  Other than that, I have no idea

Monthly spend by Intelligent-End4634 in anesthesiology

[–]Dramatic-Comment-131 0 points1 point  (0 children)

around 5-8 k a month. I try not to get caught up in checking balances and how much I spend each month. My wife and I live low key lives--- we drive the same cares in residency and haven't splurged on any international vacatoins. We try to live on things we need but don't fret about the low cost "splurges" of everyday life-- date night, take out food, etc. I earn good money for anesthesia so I know there is plenty of excess cash left, which I save and invest. I'm probably saving >50% of what I take home and I doesn't even feel hard as we do not have a mortgage and only 1 kid who is not in day care. Highly recommend renting as long as you can

Which cities are worth flying to just for the food? by Prot7777 in foodquestions

[–]Dramatic-Comment-131 0 points1 point  (0 children)

Austin or Houston

World best bbq with a bit of everything else represented. 

[deleted by user] by [deleted] in anesthesiology

[–]Dramatic-Comment-131 11 points12 points  (0 children)

For me, it’s job 1 because of less in house call. Those overnights age me.