Financial Transition to Residency Webinars

Experts share tips for financial success in medical residency.

Students and Residents, you now have financial literacy courses tailored for this special time in your medical career.

Want To Keep In Touch?

If you would like to learn more about how we save doctors thousands of dollars in interest payments, sign up for our newsletter here.

Lesson Resources

Overview

Dr. Robinson outlines key financial considerations for new residents and strategies for managing expenses.

Introduction: Challenges of transitioning to residency.
Common Expenses: Relocation, housing, and unexpected costs.
Financial Priorities: Budgeting, debt repayment, and savings.
Resources: Employer benefits and financial support options.

How to Build Your Credit Score (and Not Ruin It) During Residency

Dr. Lumbley explains how credit scores work and strategies for maintaining strong credit.

Credit Score Basics: Factors affecting credit scores.
Building Credit: Steps to establish and maintain good credit.
Common Pitfalls: Mistakes that can harm your credit.
Protecting Credit: Monitoring and safeguarding against fraud.

How to Make the Most of Employer Benefits During Residency

Dr. Lumbley provides an overview of residency benefits and how to maximize them.

Core Benefits: Health insurance, disability insurance, and retirement.
Health Plan Details: Premiums, deductibles, and network considerations.
Retirement Contributions: Employer matching and tax advantages.
Additional Perks: Continuing education funds and childcare assistance.

How to Budget for Your First Year of Residency

Dr. Allen covers practical budgeting strategies for managing expenses in residency.

Understanding Income: Gross vs. net pay and deductions.
Recurring Costs: Rent, utilities, transportation, and food.
One-Time Expenses: Relocation and setup costs.
Budgeting Tools: Strategies to track and manage spending.

Disability Insurance: Why Doctors Need It, Why Now

This video from Pattern Insurance explains why disability insurance is essential for physicians, covering key factors in selecting the right policy.

Why Doctors Need Coverage: Protecting income from injury or illness.
Own-Occupation Explained: Ensuring benefits if unable to practice.
Policy Comparison Tips: Key factors to evaluate the best plan.
Why Soon: Securing coverage at the lowest rates.

USMLE Step 3 Test Prep Tips from UWorld

Learn efficient and effective study strategies for USMLE Step 3 from Janani Krishnaswamy, MD, MPH, as she shares expert tips on active learning, time management, and avoiding common mistakes.

How to Study for Step 3: Discover why question banks and active learning are the best ways to retain information.
Maximizing Limited Study Time: Learn how to fit Step 3 prep into a busy residency schedule with short, focused study sessions.
Common Mistakes to Avoid: Avoid the pitfalls of over-preparing, neglecting clinical cases, and losing sleep before the exam.
The Key to Success: Understand why consistent question-based learning is the most effective way to pass Step 3.