money myths
I’d like to dispel some of the common myths about discussing money with trainees in order to encourage more attending physicians to discuss this important topic.
Failure can be a great master or a great teacher; it is up to us to choose which it will be.
The truth is that doctors and doctors-in-training usually have very little financial literacy. Aim to teach only the basics, and refer your learners to others when needed. They will appreciate both your honesty and your humility.
Some attending physicians think that it isn’t their job to talk about financial topics. Learning medicine is infinitely more complicated than learning money. Yet, if our residents are constantly worried about whether they can afford their next credit card bill or student loan.
If you are lazy, I’ll save you the effort. Just point them to this list of vetted financial advisors for doctors who are truly the “good guys and gals”.
If you bring up student loans, investing, or where to get financial advice – you will find that your residents are more than interested. You often won’t be able to stop them from asking questions.