“Health is wealth” is not just an expression, but a truth of life. Someone in good health can accumulate wealth, but illness can bring down even the wealthiest of empires. Every dentist longs to provide the best possible treatment to all their patients. However, in doing so, they may neglect their own health.
In a world where everything has gotten complex, simplicity will sometimes serve you well, even when it comes to planning for your future. Starting a financial plan for yourself while in school or just after graduation does not have to be complicated. There are some basic rules that you can keep in mind when learning to live on a budget, pay back student loans and plan for the future.
It’s no secret that the average dentist is saddled with a lot of student loan debt when they graduate school. Having a strategy to quickly and efficiently pay down your student loans is critical to long-term financial success. These personal finance tips can help you pay down student loans faster, regardless of your specialty or income.
After hearing my podcast about student loans with Howard Farran, a student emailed me and asked if I had tips for predental students. The following outlines my advice for those ready to pursue dentistry as their career.
As a dental student or resident, you probably haven’t thought much beyond getting your first job. Once you get your first job, you are going to have a lot of decisions to make. Hopefully, one of the first ones will be to decide what to do with the money from your paycheck that you don’t spend. If you have student loan debt, you might be ready to throw your entire paycheck at your debt. Should you? Maybe, maybe not. It’s different for everyone. But here are some things to consider.
If you keep up with Mouthing Off, then you’ve read several posts about stress relief and mental health. And if you are like me, you read them, but you don’t change any habits because of the notion that “there’s not enough time” to do so. Despite their stress-relieving benefits, I was continually telling myself that I didn’t have the time to do yoga or meditate. Over the past couple months, though, I noticed that with graduation looming, I was not sleeping well. I believed my lack of sleep was due to increased stress, so, while awake in the middle of the night, I searched for ways to relieve stress.
Over 40 million Americans hold $1.4 trillion in student loan debt, according to the Federal Reserve Bank of New York. ASDA partner SoFi answers some commonly asked questions about student loan refinancing.