Please excuse that cheesy photo of the Private Practice casting crew. I couldn’t help myself. I began private practice just a little past my 6 month mark (summer of 2015) as a new grad CRNA. I had sought the counsel of a couple of lawyers and accountants to get an idea on how I might … More My Foray Into Private Practice
A limited liability company is a business structure that limits the liability of its members and passes through its income to its member with no tax at the entity level. An LLC acts as a combination between a general partnership and a corporation. There are different types of LLCs such a series and a single-member LLC. The … More Single Member Limited Liability Company – Basics
NO! Unless you have at least $100,000 in assets, it is my personal opinion that you should not even waste your time with a financial advisor! If you’re in the same or similar position as me, managing your finances comes down to these simple lessons: Don’t waste your time and money on a financial advisor. … More Should I Use A Financial Advisor?
So, you’re starting out in private practice as a 1099. What should you do? You’ve heard all sorts of advice from a bunch of different CRNAs. Some say you should incorporate. Others say you don’t have to. So, which is it? Whose right? Well, like in anesthesia when confronted with a complicated case with a … More Sole Proprietorship – Basics
It’s an amazing feeling, isn’t it? You’re finally done with school. You passed boards and now you’re working your first job as a CRNA. After two weeks, you get that first paycheck and it feels great. All that time and energy you put into school has paid off and now you just want to party. … More How To Save $6000 A Year
It can feel overwhelming trying to discern the difference between a 401(k), 403(b), 457(b), traditional IRA, Roth IRA, and an HSA. And even if you did understand the difference, how do you know which one to contribute to and how much? More on this later. Simply put, retirement vehicles can be broken down into 2 … More Discerning the 401(k), 403(b), and 457(b)
What to do, what to do with your student loan repayment plan? Rather than reinvent the wheel, read this as it does an excellent job of breaking down the numbers with refinancing a student loan with a variable versus fixed interest rate. I have always opted for a variable interest student loan both as an undergraduate and a graduate student. … More Variable vs. Fixed Interest Rates
By the time I graduated, I had a number of private and federal student loans with varying interest rates that ranged from 3% to 7%. Some of my loans came from my accelerated nursing program while the remaining came from my graduate education in nurse anesthesia. In sum, I acquired ~$140,000 in student loans, which … More Consolidation and Refinancing Your Student Loans
This particular topic is a tricky one for me. Depending on the time of day or day of the week, my feelings about this issue constantly changes…and so far, this is what I’ve come up: If your student loan interest rates are high (>4%), focus on paying down huge chunks of it until you can … More Paying Loans Off First vs. Saving $$$
DATE I WILL BE DEBT FREE: OCTOBER 1, 2022
Life as a CRNA 