Everyday Oral Surgery Financial Considerations for OMS Residents (with Dr. Bill Kwon)
The years we spend as residents can be challenging on so many levels and the financial questions and constraints that we face can be very daunting. Dr. Bill Kwon joins the podcast today to offer some of the lessons he has learned over the years, and share a few words of wisdom that he wished he knew while in residency! Our guest talks about building credit, saving, paying off loans, investments, and a whole lot more, unpacking the most important questions to ask yourself along the way. Being able to answer these questions adequately and honestly for yourself is very empowering, and the strategies shared here are sure to aid you in that quest. Dr. Kwon gets into a few of the different philosophies you can adopt with regard to investing, and things like retirement accounts and insurance, so make sure to stay tuned for that in the second half of the conversation!
Key Points From This Episode:
- Dr. Kwon talks about his route into oral surgery.
- The issues that residents face with regard to loans.
- Lessons that Dr. Kwon has learned around financial literacy, banking, and credit.
- Comments on managing student loans and what is available.
- The difference between income and net worth.
- Thoughts on retirement accounts and the best investment habits.
- Dr. Kwon explains the benefits of a mega backdoor Roth IRA.
- Addressing important factors of the unpopular topic of insurance.
- When to consider moonlighting as a resident.
- Dr. Kwon talks about why he recently enjoyed reading Empire of the Scalpel.
- A little about Dr. Kwon's passion for golf, and the lessons it offers!
- More rapid-fire questions about forceps and favorite quotes.
Links Mentioned in Today’s Episode:
KLS Martin — https://www.klsmartin.com/en/
Dr. Bill Kwon on LinkedIn— https://www.linkedin.com/in/william-kwon-dds-md-56885a47/
Dr. Bill Kwon Email — williamkwon.ddsmd@gmail.com
Dr. Bill Kwon on Instagram — https://www.instagram.com/williamkwon.ddsmd/
Charles Schwab — https://www.schwab.com/
Ally — https://www.ally.com/
Dave Ramsey — https://www.ramseysolutions.com/
Rich Dad Poor Dad — https://www.amazon.com/Rich-Dad-Poor-Teach-Middle/dp/1612680194
Rich Dad's CASHFLOW Quadrant — https://www.amazon.com/Rich-Dads-CASHFLOW-Quadrant-Financial/dp/1612680054
Winston Churchill — https://www.gov.uk/government/history/past-prime-ministers/winston-churchill
Everyday Oral Surgery Website — https://www.everydayoralsurgery.com/
Everyday Oral Surgery on Instagram — https://www.instagram.com/everydayoralsurgery/
Everyday Oral Surgery on Facebook — https://www.facebook.com/EverydayOralSurgery/
Dr. Grant Stucki Email — grantstucki@gmail.com
Dr. Grant Stucki Phone — 720-441-6059