What penniless med students should know about money with Joe Saul-Sehy

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Guest quote rightDo you, dear students, have tons of money? No? Weird. Luckily, Joe Saul-Sehy of the Stacking Benjamins podcast joins us on the show this week.  Joe was a financial advisor for many years, he was known as the Money Man on WXYZ-TV in Detroit, and he’s a financial contributor in a bunch of places around the print and web news media. He and his wife Cheryl, a pediatrician, have gone through all the stages that pre-meds and med students go through. So we asked him to join us to talk about the strategies they employed to claw their way back from med school debt, educating yourself about how money works, having fun with  managing your money, and why it’s particularly important for doctors to understand money.  Joe’s got plenty of information, resources and ‘fintech’ apps to recommend for succeeding in this area that many people (never mind med students) have not adequately explored.

Also, HIV-positive patients who also have substance abuse problems get no benefit from monetary rewards for positive behaviors and health outcomes.  Pokemon Go–not just a force for injuries and car accidents: can it serve as an incentive to come to class? And if you’re looking for a new musical to attend,  see the new play in NYC about Pharma Bro Martin Shkreli.

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The opinions expressed in this feed and podcast are not those of the University of Iowa or the Roy J. and Lucille A. Carver College of Medicine; nor do they reflect the views of anyone other than the people who expressed them.  If you have feedback on anything you hear on the show, positive or not, let us know.

One thought on “What penniless med students should know about money with Joe Saul-Sehy”

  1. MAJORITY OF THE PEOPLE:
    Don’t understand how money works
    Earn low rates of return and pay too much tax
    live from paycheck to paycheck
    live on the edge
    Spend not save
    caught in the high interest debt trap
    retire in poverty

    MINORITY OF THE PEOPLE:
    Plans for future
    Put their money to work for them
    have their money professionally manage
    have emergency fund to shield from financial storm

    HOW WE SPEND OUR MONEY MATTERS!

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