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Financial Clarity Blog

Helping people make smart financial decisions.  

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What should you do with EXTRA money??

For our readers who are still in training, you may be seeing another gift from Uncle Sam-soon. Or maybe you already have! These are crazy times, economically and personally. But even in crazy times, good things can happen. What do we do if those good things come in the form of “extra” money? A stimulus check, a bonus you didn’t think you would qualify for, or maybe even an unexpected inheritance. Do you pay down debt? Do you spend it? Do you save?

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21 Financial Goals for 2021

I’m really good at contradicting myself and making sense (in my head) while doing it. For example, I am a big advocate of setting goals and creating a plan to achieve those goals. The simple process of creating a goal and an action plan to achieve it can help you accomplish a lot. I’m not a big fan of New Year’s resolutions because they are usually a half-hearted self-improvement “goal” that we bail on by February. For example, every year, I tell myself I will swear less, say more positive things, and less negative things. I don’t make much progress.

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What is Your Biggest Financial Risk?

An important aspect of financial planning is risk management. How we manage the financial risks that could affect us could mean the difference between achieving financial independence or not. When planning for your financial goals, consider what risks could hinder your ability to achieve those goals? What can you do to either mitigate them? Today we will discuss what financial risk is, why it arises, and how managing risks can impact your financial future.

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6 Ways to Achieve Financial Success as a New Attending Physician

The 2019-2020 academic year is behind us, which means there are approximately 45,000 new doctors entering practice in America (according to the ACGME Data Resource Book). That's a lot of new doctors who have a fantastic opportunity to achieve financial independence if they get started on the right foot. Today we are going to dive into six ways to achieve financial success as a new attending physician.

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