New physicians who are up to their ears with student debt will find themselves on the cusp of financial ruin if they immediately start spending their newly increased income on huge purchases. It’s possible to avoid this financial ruin, however, by developing the habit of living frugally and within your means. You’ll have more freedom to take the hours you want and to live without fear of missing work. You’ll actually enjoy your work more without the added financial pressure.
These five principles will help you lead a frugal but full life:
By following these principles, you can start your career on a sound foundation - personally and financially.
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