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Top 7 FInancial Mistakes Doctors Make and How to Avoid Them by The White Coat Investor

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Top 7 Financial Errors Doctors Make (and how to avoid them)

1) Poor Debt Management

This one begins early for most medical students as they get into the habit of living beyond their means.  Student loans, car loans, credit card loans, vacation loans, and poorly designed mortgages.  It isn’t just that the doc lives beyond her means (although we’ll get to that next), but she is simply paying too interest causing a major drag on her finances.

 

.......Continued on link below. Definitely keep the the white coat investor blog on your favorites 

 
Follow this link to read the rest of this Great Financial Advice Article for us Docs

10 Commandments of Emergency Medicine

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  1. Secure the ABCs.
  2. Consider or give naloxone, glucose and thiamine.
  3. Get a pregnancy test.
  4. Assume the worst: rule out serious disease.
  5. Do not send unstable patients to radiology.
  6. Look for the common red flags.
  7. Trust no one, believe nothing (not even yourself ): check lab results and rethink clinical decisions.
  8. Learn from your mistakes.
  9. Do unto others as you would your family (and that includes coworkers).
  10. When in doubt, err on the side of the patient.

Source: Life in the Fast Lane Blog, with root source being  ‘Ten commandments of Emergency Medicine’ in 1991 Published in the Annals of Emergency Medicine by  Wrenn and Slovis

 

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