Physicians: Don ’t buy things you can’t afford

If you haven’t noticed, Americans love debt.  The average household has around $130,000 in total debt, including $50,000 in student loan debt, nearly $30,000 in auto loans, and $16,000 in credit card debt. With an average credit card interest rate of 15%, that would be $2,400 in interest per year. With a student loan interest rate of 6.8%, that would be $3,500 in interest, and with a 3% auto loan, that would be nearly $1000 in interest.  In total, that’s almost $7,000 in interest per year.  Sounds like a great way to bury yourself in a hole that you can never escape from.  Goodbye, freedom. Continue reading ... Your patients are rating you online: How to respond. Manage your online reputation: A social media guide. Find out how.
Source: Kevin, M.D. - Medical Weblog - Category: General Medicine Authors: Tags: Finance Practice Management Source Type: blogs