Smart Spending: Know Thy Purchasing Personality & Why Money Mindfulness Matters

I’d like to preface this entry by saying: this post is really fun; I’m so excited for you to get past this introduction and read on; just wait for the surprises I have in store for you! But first read the introduction, of course. Please.  Money Mindfulness. Or perhaps, “Mindful Spending”, if you’d like.  Guess what it is! No, it’s not the latest #trending New Year’s resolution (#moneygoals,…


What in the Heck is a “Bull Market” and a “Bear” Market”?

Imagine yourself skipping down a yellow brick road. That road has a street sign that says, “Wall Street.” You’re on a journey to the Emerald City, which you presume is so-named for all its flourishing investments and wealth; a place where money is so abundant it practically grows on everything and little green triangles always point skyward.   Along the way, the sky begins to darken. Suddenly,…


Why Smart Radiologists Can’t Manage Their Money

Once you’ve finished the 26th grade (average stage of a radiologist at the end of training), you should be well-equipped to practice radiology.  You've survived all the entry requirements, standardized tests, rigorous educational demands, and long and arduous nights on call. After years of dedication and sacrifice, you have become a valuable member of the healthcare community.  Medical school,…


What I Wish I Knew About Finance As a Medical Student and Resident

Let’s talk about the “f-word.” That word being failure, of course (what did you think I meant?). Hindsight is 20/20.  To err is human.  We can’t escape failure, as much as we might want to, especially when we receive that stinging feedback. It’s true that the path to success is paved with failure—but, as it turns out—everything you thought you knew about failure is probably wrong (🤯!!!). Well,…


Financisms: A Top Ten List

Radiologists can relate to the phrase “a picture is worth a thousand words.” “The only constant is change” is another adage perfectly describing the specialty.  And this dictum was hammered home by faculty throughout my radiology training: “If it isn’t documented, it didn’t happen.”  You know I have a passion for finance. But I have a confession to make.   I also love words.  I love learning new…


The Loan Debt Number That Changed My Life

Over a million dollars...my heart beat rose, my eyes scanned the bottom of the page believing I imagined those extra zeroes, but the numbers and decimal points remain unchanged. 1.5 million dollars was the number on the loan repayment plan page. No - I’m not talking about MY loan (whew!), but rather that of my best friends-- a dual physician couple that I grew up with, now with a newborn, and…


Interpreting Your Financial Brain: Behavioral Finance for Radiologists

This is a scan of your financial brain. As you interpret the images, you may not initially spot any abnormal findings, but a closer read will reveal the influence of subconscious biases.  In this post, I’ll be diagnosing patterns of thought and behavior that too commonly lead to unsound financial decisions and investing mistakes. Don’t let your psyche sabotage your efforts and hard-earned…