Monthly Archives: February 2017

5 Reasons Millennial Physicians Should NOT Buy a Home Right Out Of Residency

5 Reasons Millennial Physicians Should NOT Buy a Home Right Out Of Residency

As of 2014, there were a dozen medical schools with the AVERAGE student loan debt over $200,000.   I work with some residents that finish their training with over $500,000 of student loan debt.  It has been stated many times before, but this is a major problem for our generation of physicians.

The average millennial physician’s starting financial situation is so much worse than previous generations that they should not be buying a home until they are five years out of training and have their student loans under control.

We could be outraged over this unfairness, but that will not change our circumstances.  Instead,  you are going to crush that debt on your way to financial independence.

We have to live life as it is, not as we want it to be.

Continue reading