A recent article from second year medical student Michael Tokov on the financial blog The Prudent Plastic Surgeon details five important strategies that you can employ as a medical student to begin working towards financial freedom. These tips are extremely valuable. The earlier you hear them, the better.
The article provides a full host of resources on each topic and discusses in depth what you should know and how to use that information to develop a personal strategy. Many financial decisions that are made while you are a medical student can affect you years (and decades) down the line. Financial success as a physician begins with responsible stewardship of money as a medical student. The habits and practices you develop as a medical student will stay with you throughout residency and a career in medicine.
Five Steps for Medical Student Financial Success
- Know your loan agreements
- Find mentors
- Look to the future