Finance education among medical students

General
1

Should personal personal finance and investing be taught at medical schools??

Lets discuss

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Yes hospital/clinical managing should be taught in medical curriculum, to aid financial independence.

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Absolutely! This is in fact so essential. Doctors often struggle to manage finance once they are into their careers.

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Yes, personal finance and investing should definitely be taught in medical schools. As future doctors, we learn to care for others but often neglect managing our own financial health. A basic understanding of budgeting, loans, taxes, and investing can reduce stress, improve life decisions, and help us build a secure future—especially with rising student debt and long training periods.

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Why Should Medical Students Learn Finance?

  1. We’re never taught this stuff-Our syllabus is packed with medical knowledge, but no one tells us how to manage money.
  2. Student loans are real- Knowing how EMIs work or how to repay smartly can save you a lot in the long run.
  3. Budgeting is a lifesaver- Especially during internship or residency when income is limited.
  4. Investing sounds complex—but it’s not.Basics like SIPs, mutual funds, or PPF can help you grow wealth over time.
  5. Dreaming of your own clinic?- Finance knowledge helps you plan and manage it better.
  6. Peace of mind- A little financial literacy means fewer money worries and more focus on your career.

Where Can Doctors Learn Finance?

  1. Books:
    The White Coat Investor – Written by a doctor for doctors.
    The Psychology of Money – Understand money behavior.
    Rich Dad Poor Dad – Learn how to build wealth.
  2. YouTube:
    Finance with Sharan – Simple, fun, and India-focused.
    CA Rachana Ranade – Great for finance beginners.
  3. Podcasts:
    White Coat Investor Podcast – Financial advice for doctors.
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Financial Education is crucial. It is sad that India’s education system does put enough emphasis on it.

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Yes definitely!! It will surely balance the financial life of doctors.

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8

Absolutely yes!! It will help you get a clear image of what to expect in the present as well as in the future be it going abroad for higher studies or setting up your own clinic. A short module could make a lifelong difference.

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It’s not just about hospital/clinical managing.

It’s about managing your hard earn money in day to day life .
How much to spend?, how much to save?, where to invest? etc.
We generally rely on agents for the same.
I believe if we have some basic finance literacy we could decide whats the better option for us on our own.

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True!

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Yes finance is needed to meidical student because like in india for medical education you really need a good finance so, it is true

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12

I think it should be taught in all schools… it is an essential life skill for all young teens/adults

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