How I Spent my First DOCTOR Paycheck

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How I Spent my First DOCTOR Paycheck

Рет қаралды 58,063

Күн бұрын

Everyone always asks me what I bought with my first paycheck as an attending Interventional Radiologist, and now I finally decided to do a video on it! I think a lot of people tend to spend their first paycheck due to prolonged gratification or the need to buy something to 'celebrate' being done with such long medical training, however I went a different route....and I think it worked out for me!
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Пікірлер: 245

@stangy007 2 жыл бұрын

Definitely keep these kinds of videos coming. They're super informative and help gives different perspectives of what life is like after residency and making your money work for you.

@antoniowebbmd 2 жыл бұрын

Thanks for sharing bro! 🔥🔥🔥 Love real estate also! I’m about to work on buying my 4th property!

@anotherdoseyt 2 жыл бұрын

Love your videos Dr. Web! I'm also looking to do ortho. Can't wait for Season 2 of I AM DOCTOR!

@elijahperry3454 2 жыл бұрын

I NEED A COLLAB FROM YOU TOO. BOTH OF YOU ARE HUGE ROLE MODELS TO ME

@jacintosaenz4504 2 жыл бұрын

Dr. Cellini, as a medical student, thank you so much for this. It really opens up another world for us and everyone else outside of the field filled with opportunities to better ourselves. Please don't ever stop making these types of videos!

@jaimehanlon2425 2 жыл бұрын

I’m liking the diversity of your content! I like seeing what other people do with their money because maybe one day I can do it too

@bradr637 2 жыл бұрын

Definitely want to see more videos like this. The entire physician community seems neurotically against talking about money, but it's an important topic that should be discussed.

@mj6047 2 жыл бұрын

I am dental assistant as well, like your other subscribers, I make 60k a year in Washington DC and I was planning on buying a $40.000 dollars SUV but now you changed my mind set to do something proactive with my money and not investing in a car that will lose its value in few years. Thank you!

@Kanorr 2 жыл бұрын

lose its value in a few seconds. The value typically tanks the second you drive it off the lot. The sweet spot for buying and selling is buying a 2-3 year old car.

@american-professor 2 жыл бұрын

Are you crazy?

@danielgustama9689 Жыл бұрын

@@Kanorr Hence the reason why in my household we usually purchase 2 year old pre-owned luxury vehicles

@nek_k9160 2 жыл бұрын

Yes please do more of these videos. I’m an aspiring radiologist, but I’m also getting into finance, investment, money management and passive income.

@Akimbo247 2 жыл бұрын

Same! I'm really enjoying this content

@gabrielmorrison2012 2 жыл бұрын

Dr. Cellini please keep doing these videos! This is just great financial wisdom and a lot of people need to keep seeing this in order for them to think differently! In the Hood, people flip drugs, cars etc. Then we splurge all that dough on "nice things". Instead this should be the way to go and it's legal.

@Kelgore 2 жыл бұрын

it’s called the BRRRR model because it displaces renters, gentrifies neighborhoods, makes the rich richer, and makes the homeless sleeping on the streets go “brrrr”.

@Stoneface_ 7 ай бұрын

Haha unfortunately true 👍🏽

@jewel1953 2 жыл бұрын

My son bought a house to flip and did the work himself in his free time. He ended up keeping the house he loves it so much and has had it for 3 years.

@yaseenme_ 2 жыл бұрын

Keep these videos up , financial literacy is so important. I appreciate the transparency Dr.Cellini!

@JoeBased08 2 жыл бұрын

Wow this is amazing. As a student in medicine and someone who's interested in investing in stocks and real estate, this is motivating.

@tannerroser7412 2 жыл бұрын

would love to see more of how property management fits into physician schedule (especially starting off managing yourself)

@eagillum 2 жыл бұрын

They'd hire a property manager, or hire their friend the engineer in the video to do it.

@KatieSkoczen 2 жыл бұрын

I think these videos are great!! Shows side hustles that drs actually have time for. Definitely a potential to decrease physician burn out when the dr paycheck isn't the sole income! Thanks for being so transparent with the numbers!

@Simple.Wordless 2 жыл бұрын

My dad did the same thing after he became a federal agent by buying condos in northern Virginia. Least to say he sold them and was able to retire early 🙃

@eskimobrambo 2 жыл бұрын

I learn about random medical bits watching you and learn how to finance and profit and more! Some people don’t like the different types of videos I like them, I watch all your videos Dr Cellini

@babyvee24 2 жыл бұрын

Definitely appreciate this topic, please make more!

@charlenelayhew4811 2 жыл бұрын

You have such a nice soothing voice and a calm manner. Such a pleasure listening to you while learning something new.

@meganpanek7180 Жыл бұрын

This was amazing! Love this vIdeo. Keep ‘em coming!

@docjackal8511 2 жыл бұрын

The most important number: the first paycheck amount is the main number missing.

@manjotsingh6024 2 жыл бұрын

Exactly lol

@forevereveru 2 жыл бұрын

It’s so crucial to have a friend/network that acts as a GC for you in the flip business. I am assuming he has a team of local subcontractors working for him long term. In my opinion the most difficult part of brrrr is one to find a killer deal (is it in Georgia then it’s a pretty sweet market less competitive than the coasts), second is to find good contractors to do the work fast. The rest is just scaling up. And yes with the doctors paycheck you could totally bypass others and be your own hard money lender 😁

@pumulomambwe9585 2 жыл бұрын

WE WANT MORE... would also be nice if you broke down the number further on expenses

@DVMCellini 2 жыл бұрын

I will

@pumulomambwe9585 2 жыл бұрын

@@DVMCellini another Dr Cellini?🤨

@joshbritton 2 жыл бұрын

@@pumulomambwe9585 one of the brothers

@Schimms Жыл бұрын

Love this video! More, please.

@TheCowzRule 2 жыл бұрын

Idk… i find real estate investing to be super scummy 🤷🏼‍♀️ It contributes to housing insecurity and inflation in the housing market. It has the same vibe as charing out the ass for insulin to make a profit.

@dochudson9912 2 жыл бұрын

Exactly! A lot of these "side hustles" are just ways to profit off of someone else labor.

@rgnfm 2 жыл бұрын

I love when you do video's like this Dr. Cellini, It's very smart to be investing in yourself sir.

@aamirrazak3467 2 жыл бұрын

Whoa that’s pretty cool thanks for sharing Doc C, definitely an unconventional first paycheck spend but better in the long run I’d imagine

@kristinfahrion1846 2 жыл бұрын

Fav video yet! Keep em coming 🏡

@yamenmclovin6391 2 жыл бұрын

Thanks Dr. Cellini. Great content especially for aspiring physicians who are currently med students or residents or fellows.

@tstoke7877 2 жыл бұрын

Would love to see more of these videos! I am subbed to Graham Stephen and a couple other real estate/finance channels and it’s just nice to hear it coming from someone in medicine as well instead of career real estate investors/KZfaqrs 😂

@DrCellini 2 жыл бұрын

Graham Stephen is one of my faves on this platform. He is an OG in the financial/real estate space

@zahsum 2 жыл бұрын

Awesome video! Personally, I'd love to hear/see more on the investment side of things as a physician 10/10

@TheNemosdaddy Жыл бұрын

So contributing to the housing issue in America, driving up the price of housing.

@anechkafspb8930 2 жыл бұрын

Keep them coming!!! I’m an MS4 and I love seeing what you’re doing!

@SunSunSunn 2 жыл бұрын

there are supercars that appreciate, just takes a lot of research. I'm still a medical student currently but I flipped a gtr nismo for about 30k profit after driving it for 5kish miles.

@shaunati 2 жыл бұрын

Thanks for the advice, passive income is very important. I like real estate because its a tangible investment that usually goes up in value, unlike most consumer goods.

@dochudson9912 2 жыл бұрын

Passive income = exploiting poor people

@shaunati 2 жыл бұрын

@@dochudson9912 Unfortunately , thats capitalism and that's the basics of this country.

@laveritepique7035 2 жыл бұрын

It's amazing to me that in the US it's possible to own a house for only $300,000. Where I live, a simple studio flat costs $600,000 on average. A small 4 room house costs $1 million. You have to go into debt for education, and we have to go into debt to own a house.

@raniasouissi8001 2 жыл бұрын

Paris?

@hawkfishandy7584 2 жыл бұрын

In the south, this is possible, but not all part of the US. I live in the northeast and there’s no way that house would only go for $350k. In CA it would be even more than where I live. So, yeah, location matters a lot. It’s nice to live in a higher income area (northeast or west coast) and be able to invest in lower income areas for sure. I think the general message though you can take away is that you shouldn’t just spend your first paycheck on something that will loose value super fast (a car).

@laveritepique7035 2 жыл бұрын

@@raniasouissi8001 no switzerland Geneva

@spacet1me 2 жыл бұрын

Love real estate vids like this, thanks!

@WillZipf 2 жыл бұрын

This is what I’m looking to do once I get into medicine.

@kathysedillos5108 2 жыл бұрын

Congratulations on your successful venture!! Please keep presenting this type of video; great advice.

@DrCellini 2 жыл бұрын

Thanks and glad you liked it

@studywithme444 2 жыл бұрын

Super interesting perspective and an important topic to discuss! Thank you for the insightful video Dr Cellini.

@StudentDoctorEli 2 жыл бұрын

Nice video Dr. Cellini, you know we love when you talk about the money! Did you ever idealize what you would spend your first paycheck on when you were in med school/residency? How much different was it than this? I'm sure as you got older you thought about money differently and it's value, but I'm just glad you didn't go for the new car purchase, you know a waste of money when you see it lol!

@noreaction1 2 жыл бұрын

My first career paycheck went to paying for a laundry machine (mine was extremely old and made my clothes more smelly)

@kaleyhobbs 2 жыл бұрын

I loved this video. I also enjoy the day in the life’s as well. I just find you interesting in general, so I have a feeling I’d watch no matter what the topic is tbh

@BoltCRNA 2 жыл бұрын

No Kidding! I was just in Atlanta visiting family for the holidays looking at real estate investments with my brother there.

@shamrockgirl6595 2 жыл бұрын

Does the 3rd investor -- the guy making the home video - do the renovations himself & if so, how does that work out with money-wise? Great video!

@dochudson9912 2 жыл бұрын

These guys would never do the labor themselves, because the entire goal is to exploit someone else's labor. The actual laborers get paid the bare minimum while the person throwing around their extra money takes home the most profit

@malloryjohnson6192 2 жыл бұрын

Love this kind of content, nice work! Great advice, thank you!

@brainwavemumba4239 2 жыл бұрын

Love it! Great job breaking everything down.

@ristogrkovski7931 2 жыл бұрын

Definitely more of those videos. Thanks man!

@chicken8471 2 жыл бұрын

Thanks for the informative video as always. Also I’m so excited I got my first stethoscope for Christmas!

@khyleemelancon2287 2 жыл бұрын

Very informative! Keep this content coming! Love you and andriana!!!

@tayoajetunmobi7678 2 жыл бұрын

Please keep more this videos Coming in, really enjoyed it

@weliveinaclownworld 2 жыл бұрын

Dr Cellini, you are my inspiration!

@tumbleweed57 Жыл бұрын

Great advice!

@angelgalvan6048 2 жыл бұрын

Great insight doc, looking forward to the next one

@amb8147 2 жыл бұрын

I like this video and your transparency.

@kad.k1 2 жыл бұрын

Absolutely love this one!! well done

@aelet17 2 жыл бұрын

I loved this video!! I’m a vet student and I want to get into real estate as well.

@marcusmalloy9 2 жыл бұрын

Great video!! Thank you for this. Do more as I am trying to learn myself!

@ololadeaigoro9285 2 жыл бұрын

Am interested Dr C! Please keep doing these kinds of videos 💗

@shamrockgirl6595 2 жыл бұрын

Love 💞 the diversity of your videos! Love 💘 the cold hard facts you give.

@Ddystar 2 жыл бұрын

This was great. Please make more videos ever you explain the process more.

@angelicarodriguez6750 2 жыл бұрын

Definitely planning on doing this after OT school. Great video!

@Mjdhenry94 2 жыл бұрын

How much of the remodeling is completed by contractors?

@yurchakm 6 ай бұрын

As someone with an MBA and finishing med school this advice is theoretically ok but there are some major oversights. The housing market right now with interest rates are a mess. It sounds like you were already in this business AND already owned your own home. You have two partners, one of which is a structural engineer; not everyone has one of those just waiting in the wings. You're also living in NJ buying "affordable" property in GA because you have people there to do oversight, again most people don't have this. I appreciate that information you're trying to convey but the barrier of entry is much too high for the average person, even a newly minted attending.

@susanlucas1125 Жыл бұрын

You could never do that in California...homes too expensive.

@lorenaoc3349 2 жыл бұрын

Loved this video! You're so informative!

@jjjjjjjjjjj99999 2 жыл бұрын

Great video, I really enjoy this type of information!

@sarkis5880 2 жыл бұрын

Very interesting video ! I hope they’ll be more like this Merry Christmas Doc!

@sherrydawson6253 2 жыл бұрын

Wow 👏 good for u guys! Your 1st flip and u got that much! Amazing 👏

@oluski2499 2 жыл бұрын

Definitely keep making these videos!

@marlonqcpht 2 жыл бұрын

Congrats Dr. Cellini!

@DrCellini 2 жыл бұрын

Thanks so much

@annieg4586 2 жыл бұрын

Happy Holidays⛄🎉 Congratulations on your investments, l liked the video advice and perspective. Thank you Dr. Cellini🌠

@matthewwestfall6999 2 жыл бұрын

I love these types of videos!

@joshlynne4882 2 жыл бұрын

You’re awesome!!! Love these videos!!!!

@frances454 2 жыл бұрын

Loving all your content!

@alyssayoung.2494 2 жыл бұрын

(Current broke medical student here) VERY INTERESTED!! Please post more videos like this!!! I would like to soak up as much information as possible so I can start investing in the near future when I start making money!

@docnammy 2 жыл бұрын

Remember to invest early while you are a med student! It has made a HUGE difference in my life and I'm so glad that I pinched pennies to do it. I explain the difference that it can make in this video. kzfaq.info/get/bejne/qL5-Z5Wb0MjFYo0.html

@coastalflourishing 2 жыл бұрын

It's crazy how dynamic the world is. Nothing is ever black and white....you can do anything in this crazy world!

@sullythedoc 2 жыл бұрын

absolutely loved this video!!

@sean2044 2 жыл бұрын

My poor man's method of doing the BRRR is Buy, Live in, Rehab, Rent. That's the plan anyway.

@chrislifts2981 2 жыл бұрын

please more real estate videos i love real estate and this is great inspiration

@mischellebalkissoon542 2 жыл бұрын

Yew more videos like this one please. Very informative.

@gerardacronin334 2 жыл бұрын

Somebody had to be the project manager to organize the renovations. I presume it was your friend the engineer who was in the video. If each of the three investors is putting up one third of the cost, is he being compensated above and beyond one third of the profit for his labour and expertise?

@DVMCellini 2 жыл бұрын

Jason’s only missing some spurs on his boots and he’s full cowboy.

@cooljamesmom 2 жыл бұрын

Looking forward to the additional topics you mentioned.

@bowbyvermont7652 2 жыл бұрын

I like this. It would be cool if you made more videos about it.

@angelguajardo697 2 жыл бұрын

This was honestly inspiring

@greenbeast7073 2 жыл бұрын

keep these kinds of videos coming!

@sumaiabanat 2 жыл бұрын

Love this kind of videos ♥️✨

@8TwntyTwo Жыл бұрын

I love it! Thank you

@kateysandon 2 жыл бұрын

Great video Dr Cellini

@TheBeyondDiva 2 жыл бұрын

loved this !!! never knew I would be interested in such a thing lol

@pep590 Жыл бұрын

Does your brother and friend do most of the rehabbing or is it mostly contracted out? Thanks and great video!

@medfreak 2 жыл бұрын

Keep doing such videos! It was very informative, and do make a video on the rental properties that u have. How u bought it, what was the investment, howz the return etc. Regards junior doctor 💕

@robpeters2296 2 жыл бұрын

You know your doing good when you start wearing a real watch

@joshvermetteF1 2 жыл бұрын

This was great as it’s something me and my wife have been thinking of doing in the coming years we flipped a new townhome for a 40% profit in 6 months with the market in canada to allow us to buy a larger home in the country but more of our dream home!