Financial Residency Financial Vitals: How Physicians Can Use Frugality To Improve Their Lives
If you're a medical professional that is struggling financially or trying to pay off student debt, this episode of "Finance for Physicians" is for you!
Our guest is Dr. Disha Spath: A first-generation immigrant success story, Disha found herself alongside her husband in a precarious financial situation with a huge debt to pay out after medical school.
After living on the fence for a while, Disha and her husband finally managed to pay out the $750,000+ debt that was piled up and then went on to create a financial platform to help other physicians escape their situation
Her secret? A shift in the mindset - Conscious Frugality.
Now, we know what you're thinking: Nobody likes frugality.
It's a tricky muscle to exercise and can often be hard to execute as a doctor. After all, you didn't go to medical school for years to live off ramen and Dollar Tree specials.
We, alongside Dr. Disha, are here to say that this type of frugality mindset is not true!
Frugality is a key financial budgeting skill that, if used correctly, is not about depriving yourself, but about making smarter financial decisions.
Our host, Daniel Wrenne, and Dr. Disha talk us through the following:
- How to pay off medical student loan debt.
- When to get that dream house.
- Why you can still have a comfortable life and save money.
- Tips for raising a family on a budget
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