Bones, Babes, and Burnout

07/08/2020

One of the “babes” of Bones, Babes and Burnout. Being on call for 24 hrs is worth the look he gives me when I come after being gone for so long. Literal shrieks of excitement.

15/07/2020

Benign neglect is most often used to describe something you should be paying attention to and elected not to. It's not usually a good thing. But when it comes to "buy and hold" investing this is the only way to protect yourself from your own destructive behaviors. Too many people are watching the stock market or their portfolio for day-to-day changes and forget that their long term goals have a timeline of decades. As long as you were in the right mind when you created your financial plan, you should let it run its course and stop tinkering.

10/07/2020

What is the Hawthorne effect? A simple search will tell you that it’s “the alteration of behavior by the subjects of a study due to their awareness of being observed.” So the simple act of telling someone that they are being studied will make them behave differently.

This effect can be applied to many self-improvement tasks and even budgeting for those that hate it. Instead of creating a budget and limiting yourself to specific amounts for various categories, all you need to do is observe your spending. In so doing you become the subject of your own research study and reap the benefits. This will require some diligent tracking but you won't be setting explicit limits on yourself.

For the next month track all your spending on a spread-sheet. To take advantage of this strategy you can't use Mint or a different tracking system. The more data you manually enter, the better your results. At the end of the month look at what you spent, put into categories if you want but DO NOT SET LIMITS. Continue tracking the next month and you'll be amazed at the progress you've made by simply being observed! Try this for your food intake, exercise, reading, watching tv or any other activity that you would like to improve.

07/07/2020

Check out our latest post to see how you can put more money in your pocket come tax time. Spoiler alert its by using the saver’s credit, reporting tuition and paying student loan interest through consolidation. Using these strategies it’s very possible you won’t owe anything for all of intern year income.

05/07/2020

If your graduation was affected by COVID you might be in luck! The saver’s credit is an awesome tax credit that rewards you for making retirement contributions with a low to moderate salary. Usually interns don’t qualify because the credit is not available to students who are enrolled during any part of five calendar months. If your graduation was moved to April 2020, then you are no edible for this awesome CREDIT. That’s right, not deduction but credit. Depending on your situation and contribution it could be worth up to $1,000 per person ($2,000 for married couples) check out our blog post for more information.

29/06/2020

Everyone, even residents, should build an emergency fund of 3-6 months of living expenses. Most people suggest using a high yield savings account or a money market fund but did you know you could treat your Roth IRA as an emergency fund? Because contributions are after-tax you can withdraw up to your contribution at any time without taxes or penalties. This strategy is not for everyone, but can help those stuck between funding their Roth as a low income resident and trying to be financially responsible by preparing for a rainy day.

26/06/2020

Bubbles burst, bears become bulls and vice versa. The best move is to sit tight and enjoy the ride as you stick to your investment plan.

24/06/2020

Take control of your loans by filing for consolidation right after graduation. Not only will this make your loans more manageable, but will save you considerable interest and start the clock for PSLF earlier.

11/06/2020

Burnout is an increasingly common discussion amongst medical professionals. Although many focus on provider burnout, there are significant consequences of burnout amongst trainees. In this post I present my capstone project on medial student burnout and relay several of the best practices that institutions are currently using to combat this growing issue.

10/06/2020

COVID-19 has fundamentally changed the application process for all medical students especially those applying to orthopedics.

In previous years more than 50% of matched applicants end-up matching at either their home program or one of the programs at which they completed an away rotation.

Without away rotations the authors suggest that applicants spend time completing several other activities to enhance their application.

Spending considerable time on the personal statement.
Include USMLE Step 2 CK scores on their application.
Completing ongoing research projects, book chapters, review articles.
Identify mentors who can write strong letters of recommendation. Consider letters from non orthopaedic surgeons.
Taking advantage of volunteer/leadership opportunities related to the COVID-19 pandemic.

The authors also believe programs will inquire about how applicants spent their time while not in the hospital due to COVID19, and students should be prepared to answer these questions in a meaningful way.

01/06/2020

Another “high yield” post for rising PGY1s and current residents. Check out the link in the bio to find out how to maximize your PSLF forgiveness and put 💵 in your pocket today.

01/06/2020

For most, the start of PGY1 is just around the corner. Check out our latest blog post to insure you get started on a solid financial foundation. Follow link in bio to recent blog posts.

31/05/2020

The average person will wait for sales or discounts before they decide to buy new clothing, a car or, like we recently did, an appliance. Isn’t it strange that they will then turn around and buy stocks only when they’re going up?

31/05/2020

New post! If you have anyone relying on your income, current or future, you need to learn the basics of term life insurance. Then go buy it!

29/05/2020

Feeling like there are lots of opportunities to invest during this recent bear market? Check out our most recent posts about why you should stick to your investment plan.

28/05/2020

28/05/2020

Check out our latest post about camping once a week for a year. What has been your best streak outside?

https://bonesbabesandburnout.com/my-year-outside-being-deliberate-as-an-ms3/

28/05/2020

25/05/2020

Excited for our very first post on the new website. Check out the "high yields" for disability insurance for residency and beyond!

https://bonesbabesandburnout.com/disability-insurance/

Disability InsuranceMedicine, Personal Finance / By Hubby / Leave a Comment Disability INsurance (DI): CHeat Sheet The second you graduate from medical school you become your most valuable asset. Below you’ll find the “high yields” for protecting yourself in the event of injury or illness. Why...

25/05/2020