1/
Since July 1st is rapidly approaching & there are going to be a lot of interns receiving a real paycheck after a long time

Time to talk about finances

1st mistake I made was buying a new car based upon what I thought I made.

BIG MISTAKE

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2/
So my first piece of advice

Buy a car (if you need it) after you’ve been at your hospital for a little bit.

You may not need a new car

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3/

If you are going to be in the same location for 2-3 years, consider getting a roommate or living at a extended stay hotel if you are in a high cost of living area

Don’t be like me, I paid $1750/mo for a condo I barely saw

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4/

Outsource everything not important & has to be done by you.

That includes housekeeping, which is why I said stay at the extended stay hotel

You’ll thank me later

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5/

Buckle down & live on 80% of your salary.

Save the other 20%, create an emergency fund & invest the rest

You’ll thank me later

#MedTwitter #MedStudentTwitter
6/

Start learning the business side of medicine.

FOR THE LOVE OF GOD DONT SIGNUP FOR ANYTHING NORTHWESTERN MUTUAL OFFERS

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7/

Start following financial advisors like @olsonplanner @emilesmattingly @TR401 who care about YOU as a Human

Read physician personal finance blogs like @WCInvestor @passiveincomemd or check out mine @FiSurgi

That’s all for now

#MedTwitter #MedStudentTwitter
8/
forgot 1 thing

Don’t go into the poor house trying to pay your student loans off in 3 years

You worked hard getting to where you are. It’s ok to live.

Your mental & physical health will suffer if the stress of paying those loans are too much

#MedTwitter #MedStudentTwitter
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