Get to Know Your Investment Types: We’re Going Shopping for Options!
And no, I’m not referring to stock options, those financial instruments that let you buy or sell shares of a stock at a specified price for a specified period of time. I have no experience as an options trader. Nor am I referring to employee stock options that offer the employee the right to purchase a set number of shares at a specified price for a fixed period of time, like…
Retirement Plans: What Every Radiologist Should Consider STAT
If you are a young radiologist, retirement may be the farthest thing from your mind—and possibly decades away. You might think understanding the many different types of retirement plans and investing accounts (and all their intricacies) is something you can deal with down the road. You have plenty of time, after all—right? Hate to break it to you, but wrong! If this is news to you or you…
Getting Personal: Investing Accounts & Why You Need to Think “Grocery Baskets”
Let’s talk personal finance. Up to this point, my posts have focused on radiology jobs and business finance. With this post, I start to delve into personal finance Why is this an important topic for radiologists? Personal financial education is a recognized contributor to workplace satisfaction and overall wellness, which in turn may decrease radiologist burnout. However, most…
The DEBTonator: How to Avoid Common ‘Doc Debt Traps’
As a doctor, or soon-to-be-doctor, you understand the importance of taking care of your body to stay in good health. You may do all the right things—exercise, veggies, wash your hands, floss. (Note: when I look back on this post in August 2020, during a pandemic, that also includes wearing a mask and social distancing!) But are you taking the necessary steps to protect your financial health?…
Doctor’s Scourge: Tips on How Physicians Can Minimize Debt
Being in debt is a way of life among physicians. After all, it’s difficult to get through 8 years of school without accumulating student loan debt. Over time, one gets desensitized to debt and it becomes easier and easier to acquire more. All too commonly, student loan debt sets physicians on a road to acquiring other kinds of debt to the point of over-indebtedness—and it can be difficult to…
Negotiator-in-chief: You (How to Negotiate a Winning Contract on YOUR Terms)
Today’s blog will complete the radiology job contract trilogy, wrapping up a discussion of the key elements, previously outlined. In this post, I’ll give you a run-down of several other major contract components and important related considerations you’ll want to have on your radar. In addition, I’ll provide some insider information on how, and to what extent you might succeed in getting…
KA-CHING! That’s the Sound of Successful Compensation and Partnership Negotiation
Do you enjoy long lists of big numbers with dollar signs in front of them? How about digging into survey data? Do you like money? If you answered yes to any of the above questions, then you’re in the right place! As I continue discussing radiology job contracts, I’ll delve into two of the most crucial components of contract evaluation —compensation and partnership terms. In this post,…
Contracts 101: What to Consider Before You Seal the Deal
When the job offers start rolling in (yay!), it’s a time to celebrate and savor all that your hard work has accomplished so far. If you also happen to experience a mixed-emotion cocktail with feelings of both elation and anxiety, don’t worry, that’s perfectly normal—commitment is scary. You are about to enter the next phase of your journey: the process of negotiating a contract. In this…
Now Hiring: How to Catch (and Keep) the Right Candidates
This one’s for the interviewer. When your responsibilities include interviewing and hiring new radiologists, you want to ensure you attract and hire the best candidates for the job. With proper preparation, the right perspective (and priorities), and some interview savvy—you’ll be sure to lay the perfect honey trap. The following are some essential aspects to consider when you are seeking to…
Acing the Interview: How to Make a Great Impression & Not Mess Up
In this post, I’ll continue to discuss interview prep—how to navigate tricky interview questions and answers, banish interview jitters and project confidence, to make your best impression. Plus, a friendly refresher on interview behavior basics (or how not to kill your chances of landing the job)—because it’s the little things that can make or break it. By the end of this post, you’ll most…