Cars the “Low” Income Doctor Can Afford Using Net Worth

Cars the low income doctor can afford

This post is part 2 of the Cars Doctors Can Afford series. You can check out the high income doctor’s cars here. What are the cars the “low” income doctor can afford?

I use quotations because low is a relative term. Making over $200k is awesome and even having high debt levels and delayed salary makes it very much worth it like in PA vs Family Practice Doctor.

The best rule for car buying I have ever found is Financial Samurai’s 5% net worth rule for car buying. As it sounds, you should only spend 5% of your current net worth on a car. It’s a great rule because the 60 year old who makes $100,000 and has $5M in assets shouldn’t be treated the same as the 30 year old making $100,000 with no assets.

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Cars the High Income Doctor Can Afford Using Net Worth

Cars the high income doctor can afford

This is a fun post for me. Not only does it include one of my passions, personal finance, but also cars. My absolute weakness.

This will not be one of those posts that condemns people for leasing or financing cars. Rather, I’d like to focus on the outstanding cars the high income doctor can afford if they are serious about investing.

The best rule for car buying I have ever found is Financial Samurai’s 5% net worth rule for car buying. As it sounds, you should only spend 5% of your current net worth on a car. It’s a great rule because the 60 year old who makes $100,000 and has $5M in assets shouldn’t be treated the same as the 30 year old making $100,000 with no assets.

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Where Did All of These Free-standing ER’s Come from? (Business Model and Controversy)

Where did all of these independent free-standing ER's come from

Have you noticed 24 hour independent freestanding ER’s popping up on seemingly every major intersection, especially in well-to-do areas, within the past few years? I have. I also worked in a level 1 trauma emergency department as a scribe this summer, so I witnessed movement of some older emergency medicine doctors to these freestanding ER’s, so I have a particular interest in this.

According to AP, freestanding ER’s have had rapid growth since 2009, with much of the growth coming from Texas, where most of the free-standings are. In 2009, Texas passed a law that allowed private, for-profit facilities to deliver emergency services spurring the growth.

The focus is going to be on independent free-standings (owned by a physician or a company) rather than non-profit hospital-owned. Independent free-standings operate uniquely while hospital-owned free-standings are more of an extension of the hospital.

Where Did All of These 24 Hour Free-standing ER's Come From

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