MD Financial Literacy Podcast

Physician finances are unique. The MD Financial Literacy Podcast is a resource for all of Canada’s physicians and their families. Gain confidence in all aspects of your financial life with a broad range of episodes addressing topics from normalizing debt to retirement readiness. With this podcast you can feel more confident about achieving your financial planning goals.

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MD Financial Literacy Podcast

Interest Rates

November 01, 2022 • MD Financial Management • Season 2 • Episode 2

0:00 | 4:32

Interest is the cost of borrowing money. It is often expressed as a percentage of the amount borrowed —this is the interest rate. As a lender of money, you receive interest as payment for providing the funds and taking on the risk of lending. As a borrower, you pay interest.

Video and transcript available here: https://invested.mdm.ca/financial-literacy/interest-rates

* MD Advisor refers to an MD Management Limited Financial Consultant or Investment Advisor (in Quebec).

MD Financial Management provides financial products and services, the MD Family of Funds and investment counselling services through the MD Group of Companies and Scotia Wealth Insurance Services Inc. For a detailed list of the MD Group of Companies visit md.ca and visit scotiawealthmanagement.com for more information on Scotia Wealth Insurance Services Inc.