She Leans In
She Leans In
Inspiring curiosity in the world around us through travel, helping others to lean in to a life they create.

How To:
 "Live Like a Resident" 


paying off my student loan debt

I've decided to start a series of personal posts about my financial journey as a physician in training learning how to pay off my student loan debt early (why is medical school so expensive?!)

For those unfamiliar with the terminology:

  • "Resident" - an indentured servant; but for real, it's a physician still in training (graduated from medical school, they have a doctorate in medicine (MD or DO), and yes they're allowed to be called "Dr.") that is completing several more years of training to become a full fledged, out on your own, practicing doctor!
  • "Fellow" - a sucker (like me) who opted for an additional 1-3 years of MORE training, to further "sub-specialize" in their primary field of practice. For example, your dermatologist or neurologist may have completed a fellowship after completing medical school and residency. 

To set the stage - Where does the phrase "Live like a resident" come from?
It comes from the common knowledge that residents don't get paid a salary for the amount of hours worked, and therefore must live frugally for a period of time. The word "Resident" actually comes from physicians in training that work such long hours and are at the hospital more hours in a 24 hour day than at home, that they actually "live" at the hospital (ie: are residents). 


Also, a little about me because PERSONAL finance is just that, personal. Each experience is individualized and your debt is not my debt, or your living situation is not my living situation. 

  • I’m married to S, which means I have a second income to rely on (but also more expenses since we have to make one income spread among the two of us). 
  • I don’t have any kids - my focus now is to pay off the debt owed, and admittedly, it’s easier to do that when I don’t have little toddler feet running around to take care of. If you have kids, keep in mind what works for me may not work for you. 
  • I’ve paid off a significant portion of my debt already - I started off with $200,000…medical school isn’t cheap. I’m hoping that this investment of time and effort will pay off in the long run!

Whew! With all of that said, please Join me on my journey towards being debt free before 33!