Career and Life Planning Guidebook for Medical Residents

In This Chapter Reflection + Activity You’ll be much more successful planning for your investment and savings before you make big decisions like purchasing a home and car. Use this exercise to budget your investment/savings plan.  Live like a resident until your student loans are gone.  Grow into your salary slowly.  Never grow into your salary completely.  Work together with your family to ensure financial success.  Deploy your income according to your priorities in order to get your dream house, pay off debt, and hatch a nest egg. Chapter Summary Budget for Your Investment and Savings Plan What % of your net income are you planning to save/invest? Line 1: % of annual net salary you plan to save _______% Line 2: Estimate annual savings/investing dollar amount $________ [multiple Line 1 to your estimated Net Income (income after taxes)] Line 3: Calculate available annual expenses $________ [Subtract Line 2 from Net Income] Financial Life Planning 361 WWW.PHYSICIANCAREERPLANNING.COM