Financial Mistakes to Avoid as a Student ft. Dr. Cellini | Beyond the Scope

Financial Mistakes to Avoid as a Student ft. Dr. Cellini | Beyond the Scope | ND MD

Рет қаралды 31,733

2 жыл бұрын

Welcome to the Beyond the Scope Podcast presented by ND MD. This podcast continues the mission of sharing the incredible stories and experiences of students, physicians, and healthcare professionals...but this time it's all about the things all those years of medical training doesn't prepare you for. Things that are beyond the scope of our practice. Whether it's navigating starting a family as a medical student or physician, or learning how to invest as a student, the goal is to bring on incredible guests who can guide you through those puzzling questions. Today we have an incredible mentor, KZfaqr, and double boarded diagnostic and interventional radiologist on the show, Dr. Michael Cellini. In addition to his passion for medicine, Dr. Cellini has actively pursued his passion in finance and real estate as his medical training progressed. Now as an attending physician, he looks back and gives advice on the financial mistakes to avoid as a student, whether you are a high school student, pre-med in college, current medical student, or even medical resident.
Cover Art by Grace Oh
[S1:E8]
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Disclaimer: This video features personal opinions and does not reflect or support the official opinions or initiatives of Augusta University or the Medical College of Georgia. This video is also not a substitute for the advice of a properly qualified and licensed physician or healthcare provider. The content featured is for informational/entertainment purposes only. Please see your primary care physician for the most accurate information. For the most accurate and up to date information regarding specific programs or schools, please refer to their official .edu websites.

Пікірлер: 45

@NDMD 2 жыл бұрын

I swear me and Dr. Cellini could bro talk it out about absolute nonsense for like 3 hours if we didn't have any structure lol

@cddancefilm1752 Жыл бұрын

🎉🎉😮😮😮😮😮😮😮😅😅😅o😅😮

@cddancefilm1752 Жыл бұрын

🎉😅😅😮😮😮

@DrCellini 2 жыл бұрын

Thanks for having me! Looking forward to doing another one in the future.

@NDMD 2 жыл бұрын

Next time we’ll just livestream and have the chat comment what to talk about😂

@xBERNiiCES2 2 жыл бұрын

Want to say this wasnt DRY at all! Such great insight and information!

@AlphaNumeric123 Жыл бұрын

@@NDMD I wanted to second that the "dry" part was actually incredibly interesting. I'd really like to know more about IRA, 401k, "Roth". That was the most interesting part for me, in fact. The strategy around taxation made a ton of sense, and finances/taxes usually make no sense to me whatsoever. Great stuff!

@Athandatu 2 жыл бұрын

Talking to or listening to Dr Cellini is like talking to your older bro. I could not possibly agree more about how tough it is to be in a major city in the medical field.

@khalilahd. 2 жыл бұрын

As someone who is currently applying to med school this is so helpful. Thanks for the content and good luck to everyone on this journey too 💜

@bayleer7116 2 жыл бұрын

Def check out the WCI as someone in a similar position as you :)

@adamrobarge6460 2 жыл бұрын

15 minutes into my first Trauma call at JHMC in NY I was dealing with a dual victim gunshot wound from a drive by on Van Wyck with another arriving DOA. Really opens your eyes to "I have to be on my game at all times"

@Ahn-mu3db 2 жыл бұрын

What's jhmc?

@dizzylbnt Жыл бұрын

@@Ahn-mu3db Jamaica Hospital Medical Center :)

@nancyfeldman3464 2 жыл бұрын

These podcasters are off to a good start. In time, maybe they’ll also have listeners feeling as though they’re in a break room with a doc who shares food for thought, and also his bagel.

@paulbrown2439 2 жыл бұрын

Was looking up ROTH IRA/401k stuff yesterday for the first time, and coincidentally stumbled upon this video today! I appreciate you addressing these topics for beginners - thanks!

@zitahorvathova9716 2 жыл бұрын

Perfect video, guys...really helpfull... looking forward for another video with Dr. Cellini❤️

@bayleer7116 2 жыл бұрын

Not a financial nerd, TRUST MEE. Trying to learn and really enjoyed this interview.

@Amy-jd1jh 2 жыл бұрын

Another great podcast episode and great topic. I really did end up going on a deep Google search about all these loan repayment programs lol. I just got into finance/investing over the pandemic so I was really looking forward to an episode about money and loans in medical school.

@fnantedros6439 2 жыл бұрын

Thank you!! This was very interesting and insightful!

@remidesrosiers9830 2 жыл бұрын

Congrats on 100k!!

@rereguru8698 2 жыл бұрын

amazing vid thanks!

@johnwood6024 2 жыл бұрын

Awesome video

@davidlakhter 2 жыл бұрын

great podcast!

@DanielKaganov 2 жыл бұрын

Awesome video! This is a topic I’m super passionate about and I do believe all medical students should learn and start investing as soon as possible even if it’s just fractional shares to 1. Become financially literate and 2. Become financially independent enough to outpace loan interest rates

@NDMD 2 жыл бұрын

glad you enjoyed the vid!

@Anniefawesome 2 жыл бұрын

My coworker graduated from ucla som way back when and it was 3k!

@Aristotle2000 2 жыл бұрын

whitecoatinvestor bogleheads whitecoatinvestor bogleheads whitecoatinvestor bogleheads. Those are really good places to start and ask questions.

@harrisonzhu3300 2 жыл бұрын

Surgical internship in NY sounds rough

@aqualife88 2 жыл бұрын

Oh I didn't even realize he did some post bacc at KSU haha

@oliviaharding6188 2 жыл бұрын

Is it smart to work for a few years in another career to save up for med school? Money vs. time. What are your thoughts?

@ChazinSthl Жыл бұрын

Terrible idea. Just get thru medical school/training as fast as you can. Every year you delay before becoming an attending you are missing out on attending salary

@buru44 Жыл бұрын

That’s literally what Dr. Cellini did, it’s all up to you!

@lead8381 2 жыл бұрын

I keep forgetting to pause whenever it's mentioned but what is the repeatedly mentioned book called again?

@ChocolateThunder1620 2 жыл бұрын

The White Coat Investor

@alexwyler4570 Жыл бұрын

timestamp 18:17 Assume that student loan companies will charge you a much much higher rate, well above regular consumer loans. Why because they can and 70% of med school students do not have a choice. You might not have been offered an 8% rate, you are in Georgia, but someone on the West coast or East coast has. The middle of the country has cheap state medical schools. not necessarily so on the coasts.

@kristasmith7270 2 жыл бұрын

It’s funny that he doesn’t know he’s a celebrity to us.

@JROD082384 2 жыл бұрын

If you came into $200k, why wouldn’t you just put it in some kind of interest-bearing account that you can dip funds out of at will, and pay for your med school tuition and living expenses while you are still in school?

@DJ-lo8qj Жыл бұрын

What’s the plan to come across $200k? Please let me know so I can join you 😂

@Essays4College 9 ай бұрын

Also, why do so many people believe that real estate investing is like guaranteed money?

@joeengel7823 Жыл бұрын

The investment strategies were horribly oversimplified, investing is not that straightforward, especially in real estate. Maybe look into reits or other index based real estate if you’re giving basic investment suggestions

@lrebsten7155 Жыл бұрын

One thing they DON’T tell you if you have $200,000.00 wiped off your loan is YOU ARE SCREWED TAX WISE!!!! YO END UP OWING THE IRS AND STATE $80,000+ IN TAXES!!! DO NOT LISTEN TO THIS GUY!!! (Make sure you live in a state that does not have state tax like TX, FL, etc.). BECAUSE WHEN YOU GET $200,000 in loans forgiven - that you can pay over 15 years - YOU WILL BE IN FINANCIAL DISTRESS WHEN THAT 1099 gets sent to you in the mail and you have to put $200,000 in INCOME - along with your regular salary on your tax return. This is only good for people AFTER 2017 who have loans taken out - there is tax forgiveness. Pre 2017 there is NO FORGIVENESS. And if the law changes and reverts back; you are screwed.