Doctor Common Financial Mistakes

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Money is stressful for students. I’ve been there. As a pre-med, medical student, and even as a physician, it’s not uncommon to stress about money, student loans, and feeling stretched too thin financially. It’s essential to get a grip on your finances from day one because of the effect of compounding interest. This applies to both investments and student loans. These are the 5 most common pre-med and medical student financial mistakes.

01:27 – 1 | Pushing Off Financial Education
03:31 – 2 | Prioritizing Prestige Too Highly
04:38 – 3 | Not Practicing Self-Restraint
06:59 – 4 | Misunderstanding “Scholarships” and Loan Forgiveness
08:27 – 5 | Cheaping Out in the Wrong Places

Related Videos:
Go to Medical School for Free: https://www.youtube.com/watch?v=sX5PGr1NzOQ
Does University Prestige Matter: https://www.youtube.com/watch?v=0clZ16xIHo4

Resources:
White Coat Investor: https://geni.us/liMjA
Reddit Personal Finance: https://reddit.com/r/personalfinance
Med School Insiders Scholarship: https://medschoolinsiders.com/medical-school-scholarship/

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Disclaimer: Content of this video is my opinion and does not constitute medical advice. The content and associated links provide general information for general educational purposes only. Use of this information is strictly at your own risk. Kevin Jubbal, M.D. and Med School Insiders LLC will not assume any liability for direct or indirect losses or damages that may result from the use of information contained in this video including but not limited to economic loss, injury, illness or death.

How Can Universal Healthcare Save Money, Doctor Common Financial Mistakes.

How To Conserve Cash In Television Aerial Installation

Make sure to compare rates of other products you see in the store to see if you’re really getting a worth. Even much better, have that money straight deposited, so there is no indecision about putting it there.

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How To Save Money On Your Las Vegas Vacation

The most common recommendation on how to save money on heating expenses is to turn down the thermostat. Mobile phone and red wine are not on your list. Purchasing beverages while out seems to be a huge expense.

Here are four proven approaches for conserving. But let me warn you ahead of time. These only work for those who use them. There are obvious associated with how to save money quickly, just a few easy actions that can make all difference worldwide.

You may think but if I get rid of this or that or stop going to a motion picture each week with my girlfriends or go out drinking and invest $200 on Saturday night you will become friendless and everyone will mock you at work since you didn’t enjoy the 9 hour 2 and half men marathon on cable television.

This is among the most effective Money Saving ideas. Having more credit encourages you to invest more. Get rid of all your credit cards. Lower the number to one or two if it’s not possible. Likewise, do not pay simply the minimum amount each month. Pay it in complete.

Since your electric company charges you for power or watts, it does not matter if you utilize 120v or 240v How to Save Money provide 1500 watts of heat. This means you pay 14 cents for every hour where you consume 1000 watts or 1KW if your energy company charges 14 cents per kilowatt hour. That is equal to 1.5 KW x. 14 = 21 cents per hour if you used the 1500 watt (1.5 KW) heating unit for one hour.

Spending plan for Activities – Make a list to plan ahead of all the things you wish to do this summer season. Budget for those so you understand ahead of time just how much you will be costs.

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These can all work also, but they have their issues too. You can buy solar panels to minimize the use on your heater. They are an outright hive of info on all things money savvy.

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