A first-year medical student at Texas College of Osteopathic Medicine talks about creating their first budget and why having a written financial plan matters before debt and income complicate things.
So I'm a first year medical student at the Texas College of Osteopathic Medicine.
Very cool. I think this is the first time we've had a med student on here. It's certainly the first time we've had an MS.1 on here. So a lot of people are now wondering what milestone are we celebrating today? What milestone could an MS.1 possibly have hit? So tell us what you've done.
So my milestone is just creating a budget. It sounds very elementary, but I argue it's arguably one of the best milestones to conquer.
Yeah, I think it's awesome and I'll tell you why. We just did our annual WCI survey and it turns out that about half of white coat investors, these are people who are hardcore enough about WCI to actually answer our survey, don't have a written financial plan. So the fact that you have got at least the start of a complete written financial plan done as an Ms. One puts you way ahead of tons of people. So congratulations to you on that.
Physician Takes a Youth Sports Team to the State Championship - MtoM Podcast #236
