Guest Posted June 2, 2017 Report Share Posted June 2, 2017 I just got into med school! But I don't really know how all this financial thing works... Do I just walk into a bank and ask someone to explain all of it to me or do I need to go to specific people? I don't think I'll need to take out any loans for med school, but perhaps it could be good to take out loans (which I'm assuming have a low interest rate) and invest that money in something? I don't even know the meaning of most of these words! Link to comment Share on other sites More sharing options...
shikimate Posted June 3, 2017 Report Share Posted June 3, 2017 Investopedia is a good place to start. I find their article is appropriate for people of the general public. They have good explanation of terms. They have helpful videos too. Topics of interest to a med student are things like interest/loans, budgeting/saving, taxes. If you can get a provincial loan for no interest, you could consider using that to make money. You could play safe and put it in a savings account/GIC or take risks and try equities (stocks, ETF etc). There's no rush, take your time to read, understand the basics of personal finance, and look around for good deals. Link to comment Share on other sites More sharing options...
Bambi Posted June 4, 2017 Report Share Posted June 4, 2017 Try RBC at Sherbrooke and Peel. See a specialist. Congratulations! Link to comment Share on other sites More sharing options...
rmorelan Posted September 6, 2017 Report Share Posted September 6, 2017 On 6/2/2017 at 7:43 PM, 1997 said: I just got into med school! But I don't really know how all this financial thing works... Do I just walk into a bank and ask someone to explain all of it to me or do I need to go to specific people? I don't think I'll need to take out any loans for med school, but perhaps it could be good to take out loans (which I'm assuming have a low interest rate) and invest that money in something? I don't even know the meaning of most of these words! no worries, everyone starts somewhere. a word of warning about investing - no one really knows the future of things in the stock market except that in the long term it will do pretty well. Right now we are 9 years into a growth boom which is a rather long time without a recession. A healthy amount of caution seems logical Link to comment Share on other sites More sharing options...
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