Medical students face unique financial challenges that most other professionals don’t encounter. With average debt loads of $150,000 (and access to lines of credit up to $400,000), delayed earning years, and the complexities of running fee-for-service practices as sole proprietors, physicians need specialized financial education. Dr. Stephanie Zhou developed a groundbreaking financial literacy curriculum for medical students at the University of Toronto to address these exact issues. In this segment, she discusses the importance of understanding debt management, business fundamentals, and financial planning for those in the medical profession. If you’re a medical student, physician, or simply interested in professional-specific financial education, this conversation offers valuable insights.
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