Fedna Morency’s Post

Is Breaking My Lease Worth $6K in Savings as a Nurse? Answers: https://lnkd.in/gs4cdbDQ MovingAdvice #FinancialGoals #BudgetingTips Hey everyone! 👋 I’ve got a bit of a dilemma and could really use your thoughts on this one! So here’s the scoop: I'm a 26-year-old single nurse living in a high-cost-of-living area. While I'm doing pretty well with a salary of around $100k, my expenses are eating into my savings big time! Currently, I’m in a 1-bedroom apartment that costs me about $2,200 a month, and by the time I factor in utilities, groceries, and my student loan payments, I'm shelling out nearly $4,200 just to live each month. 😩 I graduated less than three years ago and still have about $68k in student loans, plus I’m trying to balance living expenses without much left for savings or enjoying life. I explored moving back home last year, but my parents were helping my sister, and I ended up sticking it out on my own. Here's where things get tricky: I found out I can break my lease early with a 60-day notice and a one-month rent penalty. This means I could move out by December 1st, pay a $2,200 penalty, and then save about $6-7k by living at home for a few months. If I...

Many healthcare workers graduate with a staggering amount of student debt, forcing them to balance the demands of a new career under financial strain, often at the expense of their home lives. Inadequate compensation is driving them away - and patients will ultimately pay the price. In the newest article of Debt vs. Service (https://lnkd.in/gEs3saZn), we listened to what healthcare workers had to say about student loan debt. In this piece, we explore: - Why many healthcare workers are living paycheck-to-paycheck - How student loan debt disproportionately burdens marginalized groups, and - What employers can do mitigate a healthcare shortage Learn more about what’s hurting our nation’s healthcare workers 👉 https://lnkd.in/gtTYtnHF #pslf #healthcareworkers #studentloans #healthcare

Medical students and residents often wear their student debt like a badge of honor, after all, it symbolizes their dedication to serving others. 🎓💼 However, navigating finances during residency goes beyond managing student loans. In the coming years, the demands on your time may seem overwhelming. Planning “NOW” to secure your financial future can help ease that burden. 💡💰 Here’s a simple checklist to prioritize your financial health as you prepare for the next residency year: ✅ Create a budget ✅ Automate your finances ✅ Start saving when possible ✅ Open a Roth IRA ✅ Check if your program offers 401K participation or matching ✅ Consider automated after-tax savings This checklist is just the beginning. Join us for our upcoming seminar “Transition to the Next Residency Year” where we'll delve deeper into managing student loans, budgeting for major expenses, and navigating residency taxes. 📅 Date: Wednesday, June 12 🕒 Time: 12:00 PM EST Reserve your spot now at: https://lnkd.in/eyN6jBg4 #MaureenDecker #PrimeFinancials #FinancialEmpowerment #Seminars #MedicalProfessionals #ResidencyTransitions #FinancialStrategies

Typical school funding can be expensive, especially for nursing certification. That’s why our career advancement programs help caregivers like Garrett receive the support they need to continue writing their stories. Student loan forgiveness and career ladder advancement are two of the many ways we stand by our team members. Learn more about what you can expect when working with us: https://bit.ly/45pmUHy

🏡🏥 As a CFP, Realtor, and physician spouse, here’s my BEST advice for new medical residents…. Buy that home during residency! 🙌🏻 ▶️ If your residency is 3 years or more, not only might this make more sense financially than renting, it’s also a great way to add a long term investment to your portfolio by taking advantage of physician only financing options during training. 👨⚕️ ▶️ There are lots of lenders who specialize in loan products for physicians in training. These products have features that support the unique needs of physicians such as up to 100% LTV, special consideration of student loan debt, no PMI, and other unique features. ▶️ The price range of these homes (depending on your location) as well as their proximity to hospitals, make them a great turn key rental property post training. 👏🏽 ▶️ After residency, you’ll likely have started to accumulate good equity in the home. From there you can 1. Sell the property and use the funds for your next home, 2. Rent the property to an incoming resident (or anyone, really) or 3. Continue living in the home (and potentially tackle those student loans!) ▶️ If you’re a medical resident and need assistance finding a physician friendly realtor (hi 😉) near you, or need help finding a physician friendly lender, send me a message for more details. 🏥🏥🏥 PASS this along to the residents + med students in your life! 🏥🏥🏥 #louisvillerealtor #physicianrealtor #residency #biggerpockets #medicalrealestate #realestatefordoctors #louisvillerealestate

As resident physicians begin their careers, they are trying to build their credit and avoid high-interest consumer debt 💸 Here’s how to prioritize.

Integrating dental school debt into both a payment and savings strategy can help alleviate the mental burden and even positively impact your lifestyle and career goals. See how it's possible with this blog.

Medical professionals face unique financial pressures, from education loans to performance-based pay. At Win Wealth Solutions, we specialize in helping physicians, dentists, nurse practitioners, and other medical professionals manage their finances effectively. Whether you’re navigating student loans, planning for your children’s education, or aiming for an early retirement, we’ve got you covered. Don't rely solely on your employer’s plans. Partner with us to take control of your financial future with strategies tailored to your needs, including tax-managed investments and credit solutions. Let us help you build a financial plan that supports your career goals and sets you up for a comfortable retirement. Learn more about how we can help: https://lnkd.in/gbjGZiFb #WealthManagement #MedicalProfessionals #FinancialPlanning #WinWealthSolutions

In this physician housing guide, two DOs advise on crucial housing decisions, including budgeting, market analysis, exit strategies and more. https://bit.ly/4dULtzZ