![Spiderweb - like a financial trap to avoid falling into](https://framerusercontent.com/images/VJiDOvVDBhGlugqR775rbqtsRD8.jpg)
10 Financial Traps Every Doctor Falls Into – And How to Avoid Them
Andwise Team
5/22/24
Doctors often fall into common financial traps that can derail their financial goals. Here are the top ten traps and how to avoid them.
![A man multitasking on his smartphone and laptop, checking the stock market for updates and information.](https://framerusercontent.com/images/dH52vwhCIIkfLPJjIFvwbZofh8.jpg)
The Importance of Simplifying Your Financial Accounts
Varun Verma, MD
3/22/24
Streamline finances, mitigate risks. Simplify accounts for growth, ease. Learn how to manage effectively.
![A group of people happily pointing at a laptop screen, showing their excitement and engagement.](https://framerusercontent.com/images/iLTxPF5lhoUegxOzyFf0e9PFg.jpg)
Gearing up for Residency: Essential Tips for a Smooth Transition
Dhruvil Patel, MD
3/15/24
Congratulations on your residency match! This guide offers expert tips for a smooth transition into your program, including essential resources and wellbeing strategies.
![Two individuals on a sidewalk, surrounded by urban scenery, with the phrase "passion led us here" in bold letters.](https://framerusercontent.com/images/XEshrDSuOQuFCbdgqYwUdEiwWJI.jpg)
The Match Doesn't Define You
Varun Verma, MD
3/14/24
Don't let not matching define you! Explore options, from SOAP to alternative paths. Your journey is just beginning.
![Autumn leaves gracefully adorning a clothesline, showcasing nature's vibrant hues and the changing season.](https://framerusercontent.com/images/w9mleodzX596UgiNfkAT3IWSJ4I.jpg)
Transitioning to a New Specialty after Residency: A Comprehensive Guide
Varun Verma, MD
3/8/24
This guide explores the challenges and strategies for transitioning to a new medical specialty after residency training.
![A father and his son are cherishing a stunning sunset on the beach, making unforgettable memories.](https://framerusercontent.com/images/lHT7pyQi1m9oCniqfAOkhx6RUw.jpg)
Returning To Work After Parental Leave
Varun Verma, MD
3/6/24
Returning to work after parental leave can be a daunting prospect for many new parents, especially those in demanding professions like healthcare
![Individual on rock, arms wide open, enjoying the scenic view.](https://framerusercontent.com/images/rloFzB6kTv1P8JBC23IBlWwqk0.jpg)
Conquering Student Debt: Insights from a PGY-1
Dhruvil Patel, MD
2/22/24
Dr. Dhruvil Patel shares insights on managing student debt, highlighting Andwise's tools for financial empowerment and career growth for medical professionals.
![a traveler atop a mountian and looking into the horizon](https://framerusercontent.com/images/o3ZZAFGDCDuqKCggq4YMfUreRo.jpg)
Exploring New Opportunities As Physician
Varun Verma, MD
2/20/24
Explore career transitions in medicine with Dr. Varun Verma's guide for physicians at all stages. Learn to leverage your skills and network strategically for new opportunities.
![a stock investment chart](https://framerusercontent.com/images/NcLIuEztxKMr01Q9IZ2O4EaPWk0.png)
What Do Physicians Need to Know about Modern Portfolio Theory?
Varun Verma, MD
2/2/24
Unpack the essentials of Modern Portfolio Theory and its relevance to physicians seeking to optimize their investment strategy and financial health.
![a hand holding a phone, displaying a yellow "scam alert" warning message](https://framerusercontent.com/images/1Wjo6Q8Mb8khobi0U3x4vKeDUh4.png)
Physicians: Guarding Your Finances Against Tax Scams
Andwise Team
1/30/24
Gain valuable insights on protecting your finances from tax scams, with practical advice for physicians to recognize and avoid these fraudulent schemes.
![A glistening spider web adorned with dew drops, capturing the delicate beauty of nature's intricate design.](https://framerusercontent.com/images/8aRqDDnQemOz79lNpF9Xw010284.jpg)
Physician Money Mistakes Part 2: My Journey to Avoiding Financial Pitfalls
Varun Verma, MD
1/26/24
Avoid common financial mistakes with lessons from a physician's journey. Gain insights into navigating your financial health with care.
![Row of matches on pink background.](https://framerusercontent.com/images/rAvwDYtCbGtkcsBejEvvVUcY9k.png)
Preventing Burnout As a Hospitalist
Varun Verma, MD
1/17/24
Strategies for hospitalists to prevent burnout and maintain well-being. Tips for balancing the demands of work with personal health.
![80/20 rule, written on small wooden cubes](https://framerusercontent.com/images/poOdZjkN8cMXgRh7pUVZ9RPWXeI.png)
The Pareto Principle
Varun Verma, MD
1/5/24
Maximize efficiency in medicine and finance with the Pareto Principle. Learn how focusing on the vital few can yield significant results.
![a woman sitting at a table and completing paperwork](https://framerusercontent.com/images/sdUyYrQzrUZvSptWQnjIIRxeI.png)
Overcoming FOMO in Personal Finance: Stay True to Your Financial Path
Varun Verma, MD
1/4/24
Combat FOMO in your financial life with strategies to stay focused on your goals. Essential reading for physicians seeking financial peace.
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Why Chasing Credit Card Rewards Is A Waste Of Time For Most Physicians
Varun Verma, MD
12/15/23
Rethink the pursuit of credit card rewards. Understand why it may not be the best strategy for physicians seeking financial efficiency.
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Unique Financial Challenges That Physicians Face
Varun Verma, MD
12/11/23
Tackle the unique financial challenges of the medical profession. Our guide offers solutions and strategies for physicians at every career stage.
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Should More Medical Schools Have A Personal Finance Curriculum?
Varun Verma, MD
11/6/23
Explore the critical need for personal finance education in medical schools. A compelling argument for preparing physicians for financial success.
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The Power of Personal Finance Education: Helping Family
Varun Verma, MD
10/23/23
Empower yourself and your family with personal finance education. Discover the transformative impact of financial literacy.
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Achieving Financial Success as a Dual Physician Couple
Rikki Racela, MD
10/17/23
Dual physician households face unique financial challenges. Explore tailored strategies to maximize your financial success together.
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Switching Specialties During Residency
Varun Verma, MD
8/8/23
Considering a specialty change during residency? Navigate the process with confidence using our insights and advice.
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Things To Consider About Locum Tenens Work
Varun Verma, MD
7/20/23
Explore locum tenens work with our in-depth guide. Considerations and benefits for physicians seeking flexibility and varied experience.
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Unraveling the Mystery of Credit Scores: A Physician's Guide
Rikki Racela, MD
7/18/23
Demystify credit scores with our physician-centric guide. Improve your financial health with strategic insights into credit management.
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Renting vs. Buying: How to Decide as a New Attending Physician
Varun Verma, MD
6/6/23
New attending physicians: unravel the renting vs. buying dilemma. Make informed housing decisions with our comprehensive guide.
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Book Review: I Will Teach You To Be Rich by Ramit Sethi
Varun Verma, MD
5/5/23
Gain insights from our review of 'I Will Teach You To Be Rich' and how its principles can apply to physicians seeking financial freedom.
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Money Mindset for Physicians
Varun Verma, MD
4/21/23
Transform your relationship with money. Explore how a positive mindset can influence financial decisions and lead to greater wealth for physicians.
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The Physician's Guide to Credentialing
Aalap Shah, MD
4/19/23
Streamline your credentialing process with our essential guide. Tips and strategies for physicians to navigate this critical step smoothly.
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What Side Gigs Have Taught Me & Why I Recommend Them
Cherilyn Cecchini, MD
4/6/23
Explore the valuable lessons learned from side gigs. Insights and recommendations for physicians looking to diversify their income.
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Celebrating National Doctors' Day - Highlighting Challenges That Physicians Face
Varun Verma, MD
3/30/23
This National Doctors' Day, we delve into the challenges physicians face and celebrate their resilience. Join us in appreciation and support.
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Preparing for the Unexpected: Emergency Funds for Physicians
Varun Verma, MD
3/2/23
Ensure your financial security with an emergency fund. Learn why it's essential for physicians and how to build one effectively.
![](https://framerusercontent.com/images/74z3ZY94nDbiCzOlfObd99mgic.png)
What to look out for in Physician Employment Contracts
Varun Verma, MD
2/28/23
Arm yourself with knowledge before signing your next employment contract. Key considerations for physicians to ensure fair terms.
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From Side Hustle to Success: Turning Your Side Gig into a Thriving Business
Sylvie Stacy, MD
2/22/23
Physicians, turn your side hustle into a success story with our strategic guide to growing your business alongside your medical career.
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A Medical Student’s First Contract: the GME Residency Agreement
Dhruvil Patel, MD
2/8/23
Learn what to expect and how to navigate your first GME residency agreement as a medical student. Essential insights for a smooth transition.
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Steps to Building Wealth - A Guide for Newbies
Saima Ali, MD
2/7/23
Begin your journey to wealth with our step-by-step guide. Essential reading for medical professionals new to personal finance.
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Job Contract Negotiation: Non-Salary Items to Consider
Jennifer Bepple, MD MMCi
2/2/23
Maximize your job offer by negotiating beyond salary. Learn what non-salary items you should consider to enhance your contract terms.
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How I Lost $50,000 by Relying on My Financial "Advisor": Physician Money Mistakes part 2
Rikki Racela, MD
1/30/23
Learn from a physician's costly mistake with financial advisors. Get tips to avoid similar pitfalls and protect your investments.
![](https://framerusercontent.com/images/yCiaC8ti11FQf2YDDhdmqbrLBk.png)
Achieving Financial Freedom: One Physician's Algorithm
Joseph Saveika, MD MBA
1/16/23
Explore one physician's personal algorithm for achieving financial freedom, offering insights and strategies for managing finances effectively in the medical profession.
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Exploring Early Retirement as a Doctor: Advice from Fellow Physicians
Varun Verma, MD
12/26/22
Consider the possibilities of early retirement as a doctor, with advice from peers who've navigated the challenges and opportunities of stepping back early.
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Short term rentals—What could go wrong?
Varun Verma, MD
12/22/22
Delve into the potential pitfalls of short-term rentals, providing physicians with a cautionary overview of what to watch out for when investing.
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To Err is Human: Physician money mistakes, part 1
Varun Verma, MD
12/2/22
Reflect on common financial missteps made by physicians, offering a candid look at the lessons learned and how to avoid similar errors.
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Choosing a Hospital Job: Physician Contract Mistakes to Avoid
Varun Verma, MD
11/18/22