Future Proof Shares - 8/1/17

We live in an amazing world of constant information, sometimes it can get overwhelming.  "Future Proof Shares" is a weekly series with the goal of selecting 5 interesting pieces of media on money and medicine from around the Interwebs.  They may be old or new but will always be new to me.  This series is inspired by "The Sunday Best" by my fellow physician money blogger Physician on FIRE (PoF).  Enjoy! 

  • The American Medical Group Association (AMGA) recently released their 2017 Medical Group Compensation and Productivity Survey.  The bad news is that the full product costs $500/$1,000 for AMGA members and nonmembers respectively.  The good news is that you can still get a glimpse of its contents via this brief AMGA news release.
  • Now the AMGA survey is just a point of entry into the myth that is physician income.  Turns out there are many other organizations that publish physician salary surveys.  How do you sort through them?  Here is an oldie but goodie from Pinnacle Health Group - Physician Compensation Surveys: Which One Should You Use?
  • A big part of what I like to write about deals with eliminating debt, in particular student debt.  Yet when used correctly, debt can function as a lever or stepping stone to get to new highs.  Dr. Pamela Starnes of Physician REI discusses the differences between Good Debt, Bad Debt via this guest post on Passive Income MD.
  • While my focus is on medical trainees, I do visit other finance blogs focused on different audiences.  One I found most relatable is Financial Panther - a millennial lawyer who paid off $87,000.  This week, he explains Why Biglawyers Need To Pay Off Their Loans Fast.  Can you see the parallels despite our different professions?
  • I'll be the first to admit that I'm a pretty big nerd, which translate into my propensity to jump on the latest technology tools to help manage my money.  In fact, I'm a huge proponent of automating your finances.  Well, one size does not fit all.  Canadian money blogger Make It Rain shares a different perspective in Why I Haven't Automated My Finances.  What do you think?

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Future Proof, MD

Dr. Bo Liu is an aspiring radiologist-in-training and the founder and editor of the White Coat Money Blog.  He has an interest in interventional radiology and helping his medical colleagues get ahead in this mad world of medicine and money.  When he's not crushing the list at the PACS station or typing up your next favorite blog post, you can usually find him at the local badminton club, movie theater or the most recently opened restaurant.