Top 6 Money Tips after Graduating from School #363
Docs Outside The Box
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Docs Outside The Box
Top 6 Money Tips after Graduating from School #363
Jun 05, 2023 Episode 363
Dr. Nii Darko

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On the verge of graduating from med school and want to get your finances in order from the get go? Tune into today’s episode to learn our top 6 money tips for making your money work for you not just after graduation but for the rest of your life. 

In this episode, we discuss: 

[3:37] Elmhurst Hospital strike update 

[5:31] The inspiration behind this episode 

[9:58] Make sure you’re aware of the stipulations behind any sign on bonuses

[13:26] Money tip #1: Determine your salary, where you’re going to be living, and use ADP Salary Calculator to get your take home pay

[16:58] Money tip #2: Figure out how much you’re able to spend on rent 

[23:59] Money tip #3: Factoring in your student loan debt into your monthly expenses 

[30:47] Money tip #4: Determine what your expenses are aside from rent + student loans 

[34:49] Listener question: What challenges do you see yourself or other doctors facing in regards to saving, investing, retirement planning, tax planning, and estate planning?

[39:51] Money tip #5: Start protecting your money 

[55:02] Money tip #6: Create an emergency fund for any left over money 

Links Mentioned: 

ADP Salary Calculator 

Student Aid 

Investopedia Terms

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This episode is sponsored by Set for Life Insurance. Set For Life Insurance. What the Darkos use for great disability insurance at a low cost!! Check them out at www.setforlifeinsurance.com