Medics Money podcast Ep 270: This doctor fixed her finances FAST
May 6, 2025
Dr. Rasha Al-Kharani, a consultant in palliative medicine at a London teaching hospital, shares her transformative journey into financial literacy. She discusses her initial struggles with finances and how the Medics' Money Financial Wellbeing course equipped her with essential skills in budgeting, tax efficiency, and investments. Rasha highlights the importance of role models in medicine, her passion for patient connection, and her commitment to teaching financial lessons to her children for their future security.
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Early Financial Lessons From Family
- Dr. Rasha learned financial responsibility early through a lesson from her father about spending her university funds too quickly.
- Her parents emphasized the value of cash and avoiding buying on credit, which shaped her money habits.
Using 0% Credit Cards Wisely
- Dr. Rasha used 0% interest credit cards early on to furnish her flat and manage expenses without paying interest.
- She strategically rotated balance transfers but adjusted when fees started applying, showing savvy money management.
Maximize Credit Card Rewards
- Pay off credit card balances in full monthly to avoid interest charges.
- Use credit cards that offer rewards like Avios points to benefit your spending habits.