fbpx

Money Meets Medicine Podcast

MMM #9: 5 Common Financial Mistakes Doctors Make and How To Fix It

Financial mistakes are a part of my origin story.  I went through bankruptcy as a kid, was hosed by a disability insurance agent in medical school, and forbeared on my student loans.  The truth is that there are a lot of common financial mistakes that doctors make.  It happens all the time.  Today’s Money Meets Medicine episode discusses 5 of the most common mistakes we make, and how to overcome them.

What You’ll Learn:

In today’s episode of Money Meets Medicine, “5 Common Financial Mistakes and How to Avoid Them” you can learn all these things and more:

  • How to avoid an “I can deal with it later” attitude
  • The truth about the financial industry and how to combat it
  • How to not go broke (even on a doctor’s salary)
  • When’s the right time to refinance your student loans
  • Outsourcing things to focus on priorities

Resources from the Episode:

Check out the resources mentioned in this episode:

This Episode’s Sponsor

refinance student loansThis episode’s sponsor is Earnest, a student loan refinancing company.  If you refinance through the link provided on this podcast, you will receive a $500 cashback bonus for doing so, and you will also be supporting the Money Meets Medicine podcast when you do that.  It is a win-win-win. You can find out more information by visiting earnest.com/moneymeetsmedicine.

Listener Question of the Week:

This week’s question is from Dr. Lin:

Tips or ideas on outsourcing and hiring help for families with dual demanding careers – as well as how to put a “value” on those expenses, given that they will extend the journey to financial independence – and would you consider these expenses a worthwhile lifestyle inflation given that the focus/time can be spent on the careers (and potential increasing income as a result)?

Each episode, we are going to start including listener questions as they are provided to us.  So, if you have a specific question you’d like answered on the podcast reach out to us!  Email [email protected] or [email protected]

TPP

0 Comments

Submit a Comment

Your email address will not be published. Required fields are marked *

You might also be interested in…

Should I Use My HSA or FSA?

Should I Use My HSA or FSA?

As we head into the final months of the year, which is typically the time of year for open enrollment for benefits, lots of benefit questions inevitably arise – particularly in regards to spending accounts like HSA vs FSA.

5 Things About Retirement Accounts Every Doctor Should Know

5 Things About Retirement Accounts Every Doctor Should Know

Retirement funds are one of the biggest points of financial confusion for doctors. We want to provide some clarity and understanding so you can learn what you need to know to start making your money grow.

We’re going over five things about retirement accounts every doctor should know.

MMM 90: Hard Decisions on Money Meets Medicine

MMM 90: Hard Decisions on Money Meets Medicine

Have you ever felt like things are getting really heavy? And that you need to make a change? That is what we are going to do today on the show today. We are going to pull back the curtain and talk about things that have been going on in our lives. Often people don’t think about the lives of the people behind the YouTube videos or podcasts like this one, Money Meets Medicine. So today we are going to dive in and talk about hard decisions on this podcast Money Meets Medicine. Join us as we explore why resting in your personal and financial lives is essential for healthy success.

Are you ready to live a life you love?