Welcome to “Wednesday around the Web.” Each week we’ll feature the best #LifeofaMedStudent Tweet of the Week and I’ll share a few of the latest or greatest news articles, blogs, or research topics that I think are important to those in medical training. Continuing my current goal for improving the financial education of #LifeofaMedStudent followers, each week will feature at least one post on finances. I’ll also give you a little update on what is happening with me on a personal level – giving you more of an idea of the person behind the #LifeofaMedStudent hashtag.
#LifeofaMedStudent Tweet of the Week:
“Dear Brain, please do not reformat the systems ’til the end of exams… #LifeofaMedStudent”
One of my favorite physician financial bloggers, Physician on FIRE (Financial Independence/Retire Early), had a heck of a 41st birthday. No, he didn’t go for a Vegas blow out bash, nor repeat his 40th birthday with a big steak in Puerto Rico. He wanted to express his thankfulness for another birthday and the many successes he’s enjoyed – so he made a financial donation for his birthday. And not just any donation – a $100,000 donation! He didn’t win the lottery, just the culmination of sound financial planning and a dedication to a lifestyle of living below his means. Read about how/what his donation will go to and why, as well as a little about what a “donor advised fund” is here -> Giving Thanks with a $100,000 donation
Note: I’ll be 31 in 5 months, putting me basically just a decade of life behind PoF. It’s hard to imagine having a cool $100,000 grand available to just give away. Matter of fact, if PoF gave ME the $100,000 I’d still have a net worth that was negative by about $31,000 (but who is counting, right?). But this is what I like #LifeofaMedStudent readers to realize – PoF is just a regular joe anesthesiologist who has maintained an excellent savings rate throughout his career. Such that, he has the ability to donate such a large sum of money only a decade ahead of where I am – something I certainly look up to and hope to replicate.
You can’t turn on the TV without politics still dominating the news. And as much as I sometimes get to the point of wanting to rip my hair out over it all, it is important to stay informed on the issues that affect medicine. As President-elect Trump is settling into the reality of his new position, he’s already looking at his position on the Affordable Care Act. Originally set for full repeal, he now has indicated he may be open to some of the more popular aspects of the plan remaining. Read how several of these options could all work and what it would mean for medicine here via KevinMD -> The Good, the Bad, and the Ugly of Repealing the Affordable Care Act
Struggling through your first clinical rotations? Nervous about how you can succeed or improve? In an older but still excellent post written by @RkMD for InTraining.org, the best habits of some of the best clinical students are examined. My favorite “Balance!” Medicine is a marathon, and without some balance in your life – whether it be your favorite hobby or time in the gym – you eventually struggle to keep up with the demanding clinical/study grind. Read the 7 important habits to succeed in clincals here via @InTrainingDoc -> 7 Habits of Highly Effective Clinical Students
Burnout is one of the most talked about issues in medicine currently and we’ve had no shortage of posts dedicated to it. Medical students, even in the earliest stages of their career, appear to be just a vulnerable to the effects of burnout as well. How can medical students avoid this and what to do about it? Read more via the AMAWire here -> How Med Students Avoid Burnout
Life outside the #LifeofaMedStudent:
With all the talk about burnout (especially even as medical students and residents), I have to note that personally I’ve never felt it. I’ve had bad days, tough days, grab a stiff drink at the end days, but I’ve always felt any soul or career questioning pain. I’ve never really pictured myself doing anything else, even if I sometimes think I could have been successful in other avenues. Matter of fact, I’d say 95% of days I love my job and love doing it. I truly am thankful for the opportunity to care for people and the opportunities medicine has given me. I wrote some of my feelings in a post this week that was also published on KevinMD – What a life in Medicine means to Me: Things this Resident is Thankful for! – that sums it up pretty well. I know it’s not the realistic for everyone, but I think the key for me in “avoiding burnout” is simply staying thankful. For all the frustration in medicine, there is still a lot of good.
Happy Thanksgiving everyone!
Lawrence B. Keller, CFP at Physician Financial Services:
Lawrence B. Keller, CFP®, CLU®, ChFC®, RHU®, LUTCF has been in the insurance and financial services industry since 1990. Unlike medicine, which has a standardized path that physicians must take to gain the education, training and experience requirements necessary to obtain board certification, the insurance and financial services industry does not. Working with an agent that is familiar with the underwriting of both disability and life insurance policies for physicians can all but guarantee a smooth underwriting process in which the desired outcome is likely. While he might not be a doctor’s first phone call regarding their insurance needs, he is often their last. www.physicianfinancialservices.com
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Disclosure: PFS is a paid sponsor of #LifeofaMedStudent and has a financial relationship with the site.