In this network roundup, Dr. Frey and I discuss the best uses for a physician sign-on bonus and why doctors are such bad investors. Enjoy!
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The Prudent Plastic Surgeon
It’s July, so that means that thousands of physicians have graduated from residency or fellowship and started their first attending jobs. Often times, this comes with a sign on bonus. It’s an attractive way for employers to incentivize a physician to take the job, without tying the employer to ongoing higher salary rates. From the perspective of a physician, a bonus can provide some much needed capital to cover the often expensive prospect of starting a new life in a new location.
But what’s the best way to use a sign-on bonus and what are the pitfalls you should consider?
Get your questions answered on the Prudent Plastic Surgeon blog: Best Uses for a Physician Sign On Bonus
The Darwinian Doctor
It’s a common saying that “A fool and his money are soon parted.” Doctors are no fools, so why are doctors often such bad investors?
Is it merely a stereotype? Unfortunately, when there is always a grain of truth in most sayings. So in this post, I tease apart the nuances of this stereotype. Why might it be correct, and what can we do to combat this phenomenon?
Here’s a sneak peak of the mindsets that might be to blame:
- “I’ve got to make up for lost time”
- “I’m smarter than everyone else”
- “I’m too busy, you should do it”
Read all about it on the Darwinian Doctor blog: Why Doctors Are Such Bad Investors
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