05.02.2023 - By Miki Rai and Dr. Kev
Dr. Kev takes on the podcast solo this week on how to be financially stable as a new intern in medicine! What should you do when you’re making money for the first time, but also have the weight of student debt?! Kevin shares some of the tips that he’s learned and things colleagues have always said they *wish* they knew.
00:00 - Intro
00:56 - How the U.S medical system works and residency
02:27 - How to manage student loans
05:20 - Loan forgiveness and how to qualify
06:50 - Steps to organize your student loans and initiate a repayment program
10:25 - Summary of the types of repayment programs
13:31 - Retirement plans / 403b
16:39 - Using a high yield savings account
17:55 - Budgeting and realistic expenses
20:35 - Conclusion