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:
- Examining Physician Student Loan Debt Mistakes
- The Physician Philosopher’s Recommended Insurance Agents
- Avoid Debtabetic Neuropathy
This Episode’s Sponsor
This 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]
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