When a physician is transitioning from receiving a modest salary as an Intern/ Fellow / Resident to being paid as a board certified physician, there are a myriad of financial mistakes that are often overlooked, but that can be very easily prevented. This critical point is the time to make these decisions, and not after the consequences have reared their head.
As a New Physician, you are about to reap the financial rewards after years late nights of both studying and residency. Before you go any further, take a few moments to contemplate your current financial position, and how it is about to change. Also, look into the future and think about just how hard you plan to work, and for how long. Depending on your specialty, your time spent working may be shorter than you think.