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Tyler Olson, EA
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@olsonplanner

Tyler Olson, EA

@olsonplanner
Advising physicians to build wealth, manage taxes, and make great life decisions. Host of A Good Problem to Have
Hartford, CT
olsonfp.com/podcast
Joined September 2011
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  • Pinned
    @olsonplanner
    Tyler Olson, EA
    @olsonplanner
    Dec 15, 2020
    This is a safe place to learn about finance. Every question is valid! #MedTwitter #MedStudentTwitter #financialplanning
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    39
  • @olsonplanner
    Tyler Olson, EA
    @olsonplanner
    2h
    Irregular expenses are more regular than you think If you're only tracking the big picture numbers, you're missing the real cost of living, and the real cost of buying a home There's more than the monthly payments From today's new episode of Physician Cents
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  • @olsonplanner
    Tyler Olson, EA
    @olsonplanner
    Aug 31
    When buying a home, the sticker price is not the full cost Watch for: - Utility deposits - HOA fees, some run $1,000+ per month - Selling costs if you move again in a few years - Buying costs on the next place This is one of the largest purchases you'll make Know the full
    00:00
    1
  • @olsonplanner
    Tyler Olson, EA
    @olsonplanner
    Aug 31
    I have mixed feelings about guaranteed salary. The instantaneous high income is nice to work with. But it's not truly based on reality, not yet anyway. If the doctor will eventually be on production-based pay anyway, it'd be better if income was tied to that from the outset.
    7
  • @olsonplanner
    Tyler Olson, EA
    @olsonplanner
    Aug 30
    Initial thought: Our services are worth what our customers are willing to pay. In academia, I break services down into 3 categories: Clinical Teaching Research Who are your customers? - The insurance industy - To a much smaller degree, the sources of grants. Yes, doctors
    @LoggheMD
    Heather Logghe, MD
    @LoggheMD
    Aug 30
    Replying to @SyedAAhmad5 and @allisonoconn
    Agreed! I’d further argue that physician compensation must account for the opportunity costs of a career in medicine, many of which are largely invisible to the public: educational debt, years of reduced earnings, delayed saving and investing, lost compounding, and a much shorter
    2