It usually comes down to a handful of consistent choices around debt management, savings rates, and lifestyle creep. To see how those decisions play out, let’s walk decade by decade through the financial trajectory of a typical emergency physician.
Topics Discussed
- The most common financial pitfalls for residents and how to avoid them.
- Key milestones ER docs should hit by age 30, 40, 50, and beyond.
- How debt strategies like PSLF vs. refinancing impact your long-term net worth.
- Why a 20–30% savings rate is the ultimate wealth-building lever.
- The role of lifestyle creep in holding physicians back financially.
- Strategies to transition from aggressive saving to financial independence.
- How to protect and optimize wealth in your 50s and 60s.
Resources Mentioned:
Tags:
ER docs, physician finance, PSLF, student loans, financial planning, retirement planning, emergency medicine, physician wealth, lifestyle creep, savings strategy, coast FIRE, debt payoff, tax planning
