Is It Possible For A Woman Physician To Truly Have It All Without Giving Her All?
I think so!
You want choices. Maybe that means working a little less or taking that amazing job that pays less or spending more time with your loved ones. Or all of the above!
I’m Bonnie, a board certified dermatologist and reluctant ex-New Yorker.
I started this blog when I realized there is an enormous gap in knowledge and resources for how women physicians should manage not only money—but also tackle the rising cost of childcare, divorce, elder care, and other unique concerns for us breadwinning women.
I had a late start finishing residency at age 38, but I am confident I will attain financial independence in less than 20 years.
At Miss Bonnie MD, you’ll find critical financial topics demystified and my personal finance journey. You can read about how other women physicians are tackling their finances in the Interviews With Real Woman Physicians series. Hear me chat about financial topics with Dr. Carrie Reynolds over at the Hippocratic Hustle podcast.
Time is our most precious commodity
Miss Bonnie MD’s Mission
My mission is to empower women physicians to find financial freedom. Financial freedom enables us to create the life we love.
We aren’t choosing between being the best physician for our patients or being the best mother or partner or friend. Time is our most precious commodity, and handling money enables us to truly have it all. Learn why rich people have money and why wealthy people have time.
I’ve always had a knack for making money (as evidenced by my successful lemonade stand as a 10 year old) and initially worked for Morgan Stanley after graduating from Barnard College. I made 6 figures by the age of 23. My pre-med tendencies never left, and I pursued my medical degree at Columbia University. Ultimately, I realized my goal of running an inpatient dermatology service at a major academic institution.
But before I graduated residency, I was living paycheck to paycheck (actually worse and often ran out of money before the next paycheck) and accumulated $20,000 of credit card debt. I also had over $200,000 in student loans. About 10 years before, I had cashed out my 401(k) plan at Morgan Stanley.
No one told me this was a bad idea. In fact, no one really taught me anything about money.
Serendipitously, I overheard a few co-residents discussing money and investing during my last year of residency. They told me to read the White Coat Investor book.
A few years later I found myself answering everyone’s financial questions in the Women Physicians Personal Finance group which quickly grew to over 13,000 women. I started teaching residents and medical students about personal finance. With the growing physician burnout epidemic, I’ve been sought after to discuss finances and my story on physician podcasts. I spoke about some of my favorite topics —outsourcing and prenups—at the inaugural White Coat Investor conference.
But perhaps more importantly – I am a physician, a mother, stepmother and fiancé trying to figure out how to be an incredible doctor to my patients, the best mom & stepmom and be a supportive and loving partner. I’d love to spend more time with my family, cook for my growing toddler, and travel the world.
I want to have it all.
Now it’s your turn …
Join the community of Women Physicians who are pursuing financial freedom.
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