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Archive for the ‘Finance’ Category

Save Money on Gasoline

Posted by medliorator on June 21, 2008

There are strong opinions about how much gas air conditioning uses up, versus how much is wasted via drag with the windows kept open. In multiple studies it has shown to have no or minimal effect on fuel efficiency. Crank up the air conditioning and be comfortable. Tire inflation falls into the same category: having your tires overinflated or under inflated with cause more wear on your tires but won’t alter your gas bill much (if at all)

Thanks to web sites like GasBuddy and GasPriceWatch, it’s easy to keep a tabs on which stations have the best prices in your area.

Drive the speed limit. Unless you’re driving across the entire country speeding won’t save you more than a few minutes, will cost you more in gas, and increase the chance of being involved in an accident.

Easy Ways to Save Money on Gas [Lifehacker]

Correlate: How to Conserve Gasoline

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Clever Money-Saving Tips

Posted by medliorator on June 6, 2008

Drink ten or so glasses of tap water both days. It’s summer. Drink more water. Not only is tap water absurdly cheap and very healthy, it also curbs hunger, which means that you’ll eat less for meals, which can directly save you some cash.

Go grocery shopping at midnight Many large grocery stores with a meat counter and a bakery will price many of those fresh items left over from the day at huge discounts to sell overnight, because if they don’t sell by the morning, they’ll have to be tossed. Go about midnight, and you’ll often find baked goods and fresh meats with enormous discounts.

Ten Clever Money Savers You Might Want To Try This Weekend [The Simple Dollare]

Posted in Finance | 1 Comment »

How to Save Money at Conferences

Posted by medliorator on April 23, 2008

  • Shop around for hotels – We’re all familiar with airfare comparison websites, but remember that many of them offer hotel deals as well …websites like couchsurfing.com list friendly people willing to let you stay in their living rooms for free, but make sure it’s a place that will allow you to get some rest and relaxation between conference
  • Find a roommate, or two. If no one you know is attending, often the organization sponsoring the conference will have an email list you can use for this.
  • Take care of business before you leave. It can be frustrating and expensive to wait in line at a hotel printer or copier to print out materials you need for your presentation. …bring hard copies, as well as backup electronic copies, of everything with you.
  • Work the open receptions and lunches, but…
  • Set yourself a drink maximum. Often, conference events have a paid bar… Nurse those babies like there’s no tomorrow. This also helps to avoid the situation where you realize the next morning you’ve just spread the rumor that a prominent member of your department is deeply attracted to fish.

Saving money at conferences [Economical Academic]

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Starting a Practice

Posted by medliorator on April 9, 2008

Medical practice is a business and start-up is start-up. The most important factors are access to capital, type of business, competition, and payer mix. Business that start-out with less than $5000 cash will usually fail in the first year, while those that have access to $100,000 or greater, will most likely live beyond their one year anniversary. If you want to survive, I recommend raising money, and lot’s-o-it.

 

Some practice’s have inherently high start-up costs while others can be started with significantly less money. For example, I started my urology practice with $40,000 down and access to $150,000 in case the unowhat hit the fan. An internist may be able to start-up for even less, while an OB-Gyn in NY will need in excess of $200,000 to start-up.

 

If your patients are insured, and you have enough of them, you’ll start to make money. If you practice in a very well-off area and can go “out of network” you’ll make the same money with less work and in less time. If you deal with predominantly Medicaid, you’ll probably have to move because you’ll never get there.

 

be forewarned: the freedom to be your own boss comes at great cost.

A reader question: How long to positive cash flow in start-up? [The Independent Urologist]

Posted in Business of Medicine, Finance | Comments Off on Starting a Practice

How to Live with Debt

Posted by medliorator on February 29, 2008

Take the studies seriously – During [medical school], not only are you investing the cost of tuition, but you’re also investing the loss of income that you might have made doing something else. What’s the best way to undermine that strong investment? To flunk out. To fail a class, causing you to stay in school longer. Hit the books. If it’s a choice between a side job and the books, choose the books every time. If you need to borrow more money because of it, borrow that money. Don’t undermine the value of your big investment just to save a little bit of money.

 

live as poor as you can – do most of your clothes shopping at Goodwill and at thrift stores… don’t spend money on a great wardrobe. The typical college campus is teeming with free entertainment – check the campus newspaper for ideas instead of spending money to have fun. Take advantage of the cheap food opportunities, too – for a while, I had a “one meal a day” meal plan in dining services and I’d eat a big meal then, then just snack the rest of the day on whatever was available.

 

Minimize your debt – make the choice that results in the lowest debt when you graduate. Don’t [pile] on debt without improving your post-graduation opportunities… maximize the value of what you’re paying for, and minimize the level of debt.

Little Income, Big Debts: Managing Your Money in Your College Years [The Simple Dollar]

Posted in Finance, How-To | 1 Comment »

How to Make Quick Money

Posted by medliorator on February 21, 2008

1. Sell on ebay. This requires some research, but what I do is scour Best Buy and Circuit City (and other such electronics retailers) for great sales, then buy the product and put it on ebay. Best Buy has some great sales where you can get $100 off retail value, sell it on ebay and get a $50-75 profit easily.

2. Join websites that pay you to fill out surveys and do free trials. The ones with high payout are usually trial offers that require a credit card to join, and if you cancel within the trial, you won’t be billed. I’ve made $80 in two months with Cash Crate. You’ll also need an extra email address for all the spam you will get from the surveys.

3. Do laundry for your friends. It costs me $2 to wash and dry one load of clothes, so charge $4 and you make easy money with a few minutes of work.

4. Bring energy drinks and snacks to all-night study sessions in the university center or library and sell them to the different study groups. This works best during finals week.

5 Ways to make some quick money [That College Kid]

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6 Cheap Laptops for Students

Posted by medliorator on February 18, 2008

1. Dell Inspiron 1525
Starting Price: $499*
1.86GHz Intel Celeron processor, 512 MB RAM, Windows Vista pre-installed, a 15-inch display, and a CD burner… built-in 802.11g wireless network card
monthly payments as low as $15

 

2. Compaq Presario C700T
Starting Price: $449.99*
1.6GHz Intel Pentium dual-core mobile processor, a healthy 512MB RAM, and built-in wireless card
$16 a month

 

3. HP Pavilion dv6700t
Starting Price: $649.99*
Intel Pentium dual-core mobile processor cruising at a speed of 1.6GHz (with the option of upgrading up to a blazing 2.50GHz), a full 1GB RAM, a 15.4-inch display, built-in wireless, and a FireWire port plus 3 USB ports
$20 a month

 

4. Toshiba Satellite Pro A210-EZ2202X
Price: $749*
AMD Turion 64 X2 dual-core mobile processor… 1.9GHz. …1GB RAM, 80GB hard drive, DVD burner, 4 USB ports, 15.4-inch display, and built-in wireless
$24 a month.

 

5. Sony VAIO VGN-FZ290 CTO
Starting Price: $788.98*
1.5GHz Intel Core 2 Duo processor (you can upgrade to 2.2GHz for just $150 more), 1GB RAM, a colossal 120GB hard drive, a DVD/CD burner, a 15.4-inch display, and built-in wireless with integrated Bluetooth.
$25 a month

 

6. Apple MacBook
Starting Price: $1,099*
comes loaded with the dazzling and ultra–user-friendly Mac OS X Leopard operating system, a lightning-fast 2.0GHz Intel Core 2 Duo processor, 1GB RAM, an 80GB hard drive, a 13.3-inch display with dual-display support, built-in AirPort Extreme Wi-Fi and Bluetooth, a FireWire port, 2 USB ports, and a built-in iSight camera.

6 Cheapest Big-Name Laptops for Students [The Students’ Blog]

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Save on Groceries with SuperCook

Posted by medliorator on February 15, 2008

SuperCook is a database of recipes that works in a very clever fashion – just start entering ingredients in the upper left and it will start listing recipes on the right. Every time you add another ingredient, it finds recipes using only those ingredients and only a minimum of additional items.

this is a wonderful online tool for anyone who cooks at home.

Sit down with your grocery flyer. Find out what foods are on sale this week, then use the tool to see what sort of recipes you can make from these items that are on sale.

Buy in bulk. If you have an opportunity to buy food in bulk, this tool can be phenomenal for helping you generate a ton of ideas for what to do with it.

SuperCook has very quickly become a part of our family’s meal planning routine, and it’s already saved us quite a bit of money by helping us figure out what to do with what we already have in the cupboard in conjunction with what’s on sale at the grocery store. Check it out.

Using SuperCook to Save on Your Grocery Bill [The Simple Dollar]

Correlate: 5 Tips for Faster Grocery Shopping

Posted in Finance, Tools | 1 Comment »

How to Time Purchases

Posted by medliorator on January 23, 2008

Months of the year:
there are months when merchandise is generally cheaper.

January: Bedding, TV sets, Winter clothing, Toys
February: Furniture, Workout equipment, Small electronics
March: Winter Coats, Humidifiers, Space heaters
April: Computer gear, Spring Clothing, Luggage
May: Athletic apparel and shoes, Barbecue and picnic foods
June: Hardware and home fix-it tools and materials, Summer clothing and swimwear
July: Air conditioners (through September), Major appliances, Outdoor Furniture
August: Bedding, School supplies, Camping Equipment, Dehumidifiers
September: Scooters and bikes, Gardening supplies, BBQ gear
October: Candy, Outdoor Sports gear and equipment
November: Autos, Bikes, Computers, Blankets/Comforters
December: Autos, Toys, TV sets, Thanksgiving food (to be frozen)

General Budget Buying [Frugal for Life]

Days of the week:

Kelli Grant, from smartmoney.com claims that Thursday, before 10 A.M. is the best time to purchase gas. Why? weekend demand is high, says Jason Toews, co-founder of GasBuddy.com. Prices usually swing upward on Thursdays as travelers fuel up to head out the following day. By hitting the pump before 10 a.m. (when many station owners change their prices), you’ll beat the rush and the price jump.

Also, cooler temperatures result in denser fuel whereas afternoon/evening gas has expanded after an all-day bake.

via The Cheapest Time To Buy Merchandise [Hack College]

Posted in Finance | Comments Off on How to Time Purchases

Average Physician Incomes

Posted by medliorator on January 20, 2008

From Merritt, Hawkins & Associates’ review of physician and CRNA recruiting incentives. Compiled April 1, 2006 to March 31, 2007.

Specialty Low Avg Hi
Family Practice $120,000 $161,000 $250,000
Family Practice + Obstetrics $145,000 $159,000 $200,000
Internal Medicine $135,000 $174,000 $275,000
Hospitalist $145,000 $180,000 $250,000
Radiology $250,000 $380,000 $500,000
Orthopedic Surgery $250,000 $413,000 $650,000
Cardiology $250,000 $391,000 $500,000
OB/GYN $200,000 $247,000 $345,000
General Surgery $225,000 $301,000 $350,000
Emergency Medicine $150,000 $239,000 $300,000
Psychiatry $160,000 $186,000 $230,000
Gastroenterology $200,000 $365,000 $450,000
Urology $275,000 $400,000 $500,000
Pediatrics $115,000 $159,000 $200,000
CRNA $130,000 $164,000 $200,000
HEM/ONC $300,000 $339,000 $500,000
Neurology $170,000 $234,000 $275,000
Otolaryngology $200,000 $312,000 $400,000
Anesthesiology $220,000 $300,000 $425,000
Dermatology $200,000 $318,000 $400,000
Neuro Surgery $350,000 $527,000 $850,000

 

Review of Physician and CRNA Recruiting Incentives

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