budgeting Archives | The Short Coat

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Med School ROI: Still Worth the Debt?

Doctors make bank, so why do they feel poor? We’re breaking down the brutal reality of medical money myths—starting with the lie that your six-figure salary will solve everything. With financial advisor Tyler Olson, M4s Jeff Goddard and Trent Gilbert, and M2 Luke Geis ask whether med school is still a good investment or just an expensive trap wrapped in prestige.

We talk always-on-the-verge-of-disappearing Public Service Loan Forgiveness, we drag lifestyle creep, go full scorched-earth on bad budgeting, and explain why even a half-million bucks a year won’t automatically save you from living paycheck to paycheck. If you’ve ever looked at an attending and thought “they must have it made,” this episode will explain why they often don’t.

Learn what to do before residency, how to prep for your 4th-year expenses, why disability insurance might be more important than your board scores, and whether that $15/month budget app is actually worth it. Spoiler: Tyler prefers sticky notes on mirrors.

Oh—and if you thought $275K was a lot, wait until taxes take their cut.

Episode credits:

Producer: Jeff Goddard
Co-hosts: Luke Geis, Trent Gilbert
Guest: Tyler Olson, Olson FP

[URL template for episode https://media.blubrry.com/theshortcoat/podcast.uiowa.edu/com/osa/CHANGETHIS.mp3]

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Medical Societies and Associations: Are they Useful for Students?

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Listener Zachary wrote to theshortcoats@gmail.com to ask whether it’s useful for students to join medical associations and societies such as the AMA, ACOG, or AAP. Co-hosts Aline Sandouk, Laura Quast, Hillary O’Brien, and newbie Sophie Williams-Perez offer some things they find useful about their memberships, including staying informed about political positions and the latest research in their fields, as well as for understanding what it means to be a physician.

Listener Oscar about had a heart attack when he read how much money the Carver College of Medicine thinks a first-semester student should budget for additional expenses (aside from tuition and living expenses). So we asked Financial Aid Counselor Chris Roling to help, and it turns out that this area of the med student budget is real squishy.

Plus, Dave has some mouth spreaders to use up, so he makes his co-hosts deliver made-up diagnoses to fictitious patients with them. Because that’s educational.

Buy Our Merch and Give At The Same Time

You care about others, or you wouldn’t be into this medicine thing. Our #merchforgood program lets you to give to our charity of the semester and get something for yourself at the same time!

This Week in Medical News

A BMJ article got us talking about whether or not doctors should be crying at work. And we revisit everyone’s favorite anti-anti-vaccination 18-year-old Ethan Lindenberger–who has famously annoyed his mother by getting his vaccinations just as soon as he legally could–after he testified before the US Senate.

An honest guide to the amazing and intense world of medical school.

The Short Coat

Tag Archives: budgeting

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