Money Talk For ER Docs™

There’s more job turnover than ever with the consolidation happening in EM. Of course, with any transition or change, it can be stressful. Inevitably questions will come to mind like: How long will i…

Consciously or subconsciously, ER docs know they can’t keep doing their job forever. Unlike other professions, it’s rare to see people working into their 70s and 80s in this field. But what would a …

It’s been a couple of years since that infamous ACEP workforce study was released which forecasted an alarming surplus of ER doctors by the year 2030. Like seemingly all things relating to the emerg…

Making money while you sleep is a worthy pursuit. And what better way to do it than within the comfort of your bank account! Little risk; high returns… it seems these days everybody is comparing rat…

Tax-loss harvesting is sort of like a buzzword – many have heard it, but the true value of it and how it plays out is often misunderstood or, at the very least, confusing.

While there can be value, t…

Change is inevitable in life, and healthcare is no exception. This was especially true during COVID, but even to this day, more debt, high inflation, and its effect on wages and supplies, as well as …

The time has finally come – student loan payments are officially commencing. And while we hoped a major legislative change would kick the can further down the road or eliminate the debt altogether, u…

High income and busy – those two ER doc characteristics make hiring financial help a common and reasonable decision. But it’s for those same reasons ER docs have a target on their back when it comes …

As a high-earning ER doc, inevitably if or when you have a significant other, the topic of “should they work?” will come up. And that decision, though likely very personal in nature, actually has a l…

It can become a full-time job unraveling identity theft. While there’s no way to fully prevent it, there are definitely measures that can be taken to reduce the likelihood of it happening to you or …

There are very few people in the world who are happy to write a check to the insurance company. But it’s what’s referred to as a “necessary evil.” So when the question of “should you increase your co…

It’s officially summer! Which means change is in the air for new attendings. Let’s set the stage a bit – typically work responsibilities are new and stress-inducing. And when it comes to finances, t…

Any big challenge or task can be broken down into many steps. This is a concept we discussed toward the end of last week’s episode. What if we take that approach and apply it to the working career o…

In the movie Blank Check, a boy comes across and deposits a $1M check. And in the pursuit of achieving all his goals and dreams, he runs out of money. It’s very similar to the story of professional a…

AI has been a hot topic over the past year. Everyone is discussing new technology and how it will improve, or in some cases, not improve our day-to-day lives. But the one question on most people’s m…

Having worked with ER docs for 15 years, we’ve heard so many stories, emotions, mistakes, and opportunities surrounding money. Oftentimes these sentiments are complex and require deep discussions an…

When the largest staffing company in America files for bankruptcy, as an ER doc, that should set off some alarm bells.

In this episode, we’ll talk about the events leading up to this point, how an …

The idea of the US Government failing to pay its bills is a very scary thought. And the media loves to let the public know about it. Without question, the global implications of this could be catast…

If you have a mortgage, you may be able to deduct interest paid on your tax return. Some may hear that and think “duh - obviously,” but it’s actually more complicated than most people consider. First…

The ability to delay an impulse for an immediate reward in order to obtain a more favorable reward at a future date defines what it means to delay gratification. And studies show individuals who are…