Ndubuisi 'Andy' Egwim tells doctors to pay down debt first, then build an emergency fund. He describes an ENT surgeon who had no savings and would run out of money within a month of not working. Cover at least short work interruptions.
Pay down debt. The second thing will be once you're paying down your debt is to jump into saving an emergency fund. I do promote this quite a lot among junior doctors and even more senior doctors because I come across doctors who are earning a lot. I've spoken to an ENT surgeon, earns a lot of money, but didn't have if he said if he couldn't work for just a month, he's going to go underwater, he's going to run out of money. Know you live in the us, I live in the uk. If you can't pay your bills, bad things happen.
