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sportyrichmd

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About sportyrichmd

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  1. I have a meeting with MD Financial today, and I'm not sure what to discuss. So far I have: how much debt does average Ontario med school student have? how expensive will 4th year be with CaRMs, exam fees, etc.? Thanks!
  2. So just so I can tell the difference between accumulating interest and charging interest... if I borrow $100 on the first day and it accumulates interest during the whole month, and then at the end of the month I'm charged 4%/30. Then that interest is charged to my account. Then, starting from that day, I now have $100 + 4%/30 as my principle that is then accumulating interest daily.
  3. How does interest work for LOC when it changes? This is probably a really simple question lol but is it like this: I borrow $10k, and monthly 2% interest is charged (if that's what interest rate is right now). That new borrowed amount becomes $10200. Next month, interest rate becomes 4%. That month, I am charged 4% on the $10200. And then the next month, if it goes back to 2%, I am charged 2% from then on.
  4. Sorry I didn't edit it until later but it is also a Twitter thread! Either way, something that seems suspicious to me is they made fake accounts to friend/follow these social media accounts... patients aren't going to do this, so why are they? (Obviously the other stuff doesn't impact your ability to be a healthcare professional)
  5. From my understanding, some of the 'unprofessional' acts were: 1. wearing a swimsuit (hence the trend #MedBikini) 2. drinking alcohol 3. provocative Halloween costumes I think I saw somewhere that the article is being retracted One of the authors of the paper also posted an apology on Twitter but I can't find it Edit: Found one of the apologies: Another author wrote the exact same thing as an apology on Twitter Edit 2: Here is the other tweet (Both are threads)
  6. Thoughts on this study and the resulting backlash? https://pubmed.ncbi.nlm.nih.gov/31882313/ https://www.insider.com/doctors-posting-bikini-selfies-protest-study-on-social-media-use-2020-7
  7. Should I act like step 1 is p/f then? I've heard rumours that January 2022 is the earliest that they're going to change it, but uncertain if it will be later than January or not...
  8. Starting med school this fall and I'm nervous, especially during a COVID-19 world! Was wondering if anyone has any tips on what to expect. I know it's different for different med schools but if anyone can give general tips about orientation, how to prepare, how you guys like to study, how to make friends, is it OK if you don't make friends, are profs nicer to you (never had such a small class before, all my undergrad classes were at least 300 people), etc. Is there anything I can do now to prepare? Also, has anyone here studied for Step 1? I'm planning on writing and thought it would be best if I study for that as I learn the material in med school! Thanks
  9. I'll be living at home, so my living expenses are generally paid for by my parents (no rent, no food, we share the car/they're paying for car insurance, etc.). Pretty sure all my expenses are tuition and fun things. But OK I'll try to chill about money haha
  10. I've also been thinking about this topic a lot lately with my LOC, and I think it's good to start now in making financially smart decisions. For example, I spent maybe $50 a month during my undergrad on fun things, because I felt bad making my parents foot the bill. For med school, I plan on increasing it to at least $100 a month, and that's already a big increase in my lifestyle for me. I think this is a good decision so that when I transition to residency and then staff, I avoid a huge lifestyle creep. That being said though, there's a lot to think about with personal finance - it's exactly that, personal. I personally don't believe that $20k for a new car is that much if you drive it for 10 years (idk anything about cars though so idk if that particular car is a good car or whatever) and if it's something that really makes you happy, I would consider it. That being said, I think $100k difference in debt is a big difference, even when making $200k+ salary. Other comments have raised good points: LOC has a limit, and in residency debt often stays the same or increases instead of decreasing. Another is the compound interest for retirement. Best to do a lot of research and figure out how costly life is going to be, and figure out how risk averse you are, before making any big decisions. Edit: Also another thing I think to consider is your age! I think being 25 vs 21 is a big difference.
  11. How much are folks spending on personal/fun/extra stuff with this amount of debt per year? Trying to create a budget
  12. So is the tl;dr... up to $200k, don't stress about it? (as long as ur not spending on stupid things)
  13. Idk if this is a stupid q because I know it hugely varies but if you don't have any parental support and you go to an Ontario med school and you're a traditional student what debt levels should you aim to reach each year? Lol
  14. I didn't know about these when I was applying, but these exist and are EXTRAORDINARILY expensive it's insane. At first I wanted to join them now that I am going to be an incoming med student because money, but after reading through these forums I can definitely see the problematic ethics behind doing so. What are your thoughts on this? Do you guys think it's acceptable to charge help for a cheaper price (eg. $20/hour) or do you think it's absolutely unacceptable at all? I'm not asking because I'm interested in doing this (and honestly, I think I got in mainly based off luck) but I am curious to know people's thoughts!
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