Finances in Medical School
For this blog post, I am breaking from my pattern of discussing medicine to talk about something that I feel is equally important - and that is personal finance. Medical school is extremely expensive, so I knew long before going to medical school that gaining financial literacy and developing rock-solid habits with money would be crucial to my reaching my long-term goals. In this post, I will share some of the lessons I have learned regarding wealth. It’s really not about getting rich. It’s about developing character traits that lead to freedom; attributes such as discipline to delay gratification, patience to prepare for the future, and humility to live within your means. As with most things, success hinges on “starting with the end in mind”. My goal regarding finances is to reach complete financial freedom by age 50 (or earlier). To me, that means having assets sufficient to bring in enough passive income to sustain my family indefinitely. At that point, work will no longer be a...