Everything About USMLE - Total Expenses & Tips to Save Money | Episode 03

[@Boneteacher]

0:27 : Total Expenses / Cost of living 4:08 : Do you need a Credit Card? 4:55 : Cost of Step 1? 5:27 : When should you have the money arranged ? 7:55 : Cost of Electives / USCE 8:45 : Tips to save Money in USA 12:22 : When NOT to frugal about money? 13:41 : Travel Insurance ? 15:28 : Can a middle class family afford it ?

[@maymunahabdulqadir5289]

Boneteacher thanks sir ☺️

[@ahadansar211]

Can u please make a video if droppers ( during neet UG ) can clear usmle

[@prushotampandey9207]

@@ahadansar211 they can...after going to medical school

[@Ginnyngeorgia141]

sir can you please explain how can we get electives and observer ships . how do we apply for those. its been really difficult to get these during covid! it would be really helpful.

[@shivamp.6861]

Laxmi ma'am is the optimistic and positive energy

[@docreyaz2370]

Exactly

[@DeepakKumar-yx7bz]

Indeed 🌸

[@nehanandam8168]

there is nowhere that i can find this much info regarding usmle sir . Thank you so much for making this podcast.

[@jeetthakkar8107]

Sir this is a much needed podcast series thank you

[@Boneteacher]

glad you like em..

[@venkathariharanm6511]

I have become a fan of Dr Lakshmi such a positive energy

[@med.9598]

Thanks all 4 of u , i am fmg also , i passed step 1 few months ago , i wanto add something like if u really wanto do this u can manage money somehow , in my opinion step 1 nd step 2 ck can b taken in india , nd there is a lot of free material available here nd there and some u have to buy . So most of people would want to take both these steps during mbbs years or atleast soon after graduation, if u can manage around 3 to 3.5 lakh indian rupees will be enough for these two exams , rest of money for further process can be managed later by joing part time job as well .but its true it will need money in anyway u do it so plan wisely and be ready for anything...... BOL to all of us

[@harshitagupta1094]

hii congratulations....i know your comment is 3 years old...but is there any way i can contact you and ask you a few questions regarding usmle....i have decided to give the step 1 and have just started preparing for it

[@user-bl1zd7bc7r]

Being from a terribly broke family this gave me so much hope thanks

[@lokenlokenn5983]

I am from Bangladesh, interested in USMLE. Your videos are very effective. Thankyou.

[@mansitiwari953]

Thankyou sir for this series. I am 11th student...and this was the exact thing I was finding on google daily these months...USMLE yayy!!

[@Boneteacher]

All the best

[@mansitiwari953]

@@Boneteacher thankyou sir

[@Muslims.-official]

Did you pass neet?

[@abhinavsingh362]

₹20 lac is still a big dream for someone from Middle class family.. Then we end up with Indian PG which has negligible validation in a lot of countries thus negligible chance of moving abroad..

[@PranayBrajabashi]

I was searching for this topic for a very long time, atlast I get it

[@prince31376]

Sir can u plz mak a similar discussion on PLAB

[@pravinkumar-fl9bi]

Step2 CA cancelled, please do some session and provide information according to new regulation and of course cost changes associated with it, thank you.

[@pinky-diary-8212]

Finally someone who make related videos i needed

[@dr.adityarenu9955]

Thank you very much sir...for this much useful podcast to clear all my doubts...😊Thanq so much mams also.. for your valuable experiences and suggestions...😊😊

[@doctor_sings]

20 to 40 lacs.. Eye opener video.. Thanks @boneteacher sir for this podcast. So this can be done only when u start with first yr.. And your have money in hand.. Else.. You end up earning for 5 yrs.. Saving 6-7 lacs per year.. Then start studying.. (U cant save that much as an mbbs.. U have to practice also) And if not done.. You will end up an mbbs even after 6-7 yrs without having an indian pg as well. 😩😩😩😩😩😩

[@047damanjeetsingh2]

If you want to do something big u have to risk some years bro thats how it is

[@NeetuSharma-kp4lk]

The series helped me a lot.... I really appretiate your effort

[@akshaypatel6720]

I very much like energy of dr lakshmi.

[@sadhanasharma7403]

Ma'am, What if we invested our every single penny into it, and unfortunately could not match later. I am saying this as USMLE is very uncertain and there is a match for just 1 of two applicants. The probability of getting the final match is just 50%. Moreover, the IMG's posts are a mere fraction of the entire available slot. It would not just be frustrating but a financial disaster and lifetime depression. What is your advice on this for a student from a middle-class family? I am not being pessimistic, but it's just the harsh reality that needs to be well advised to avoid any nervous breakdown of the student and his family altogether.

[@brolykarrar4103]

Can you tell me ONE thing that is guaranteed in life. NOTHING is guaranteed in life!! Absolutely nothing. There is only good efforts, hard work, proper planning and hope.

[@drsg1312]

you first earn 10 lakh then play on it.

[@mrthyunjayanisharma7800]

@@drsg1312 practical reply sir!

[@darshanat2010]

There is a risk in USMLE. No guarantees.

[@saptarshiroy9336]

Finally someone speaked the truth

[@MCShorts23]

your videos always motivates me

[@neeldoshi25]

Sir pls make a video on PLAB & MRCP

[@Read241]

I was told it would cost around 1crore.. literally....I started the research on it...came across this video...thank u...can u tell more about timeline and how to manage it?

[@Boneteacher]

It’s in all the episodes , go through them

[@sharpenedpencil1806]

It varies from people to people , it's roughly around 18-20lakhs... Unless you take coachings from Big Names

[@rajeswarigollapudi9999]

Amazing!!!!!!!!!!!! Its a boost.. Thank u so much..

[@syedadarakshan1242]

13:00 says about essentially paying for self-assessment. How much is it about sir??

[@nidhitiwari7721]

😫sir why it didn't come before, I was told by my friends pursuing usmle that it would cost 40lacs around so I gave up, I really wanted to do it, well it's late I guess, I'm post intern since 1 yr

[@nidhitiwari7721]

Still thank you so much sir,😇 I'll forward it to my juniors, that they should do well research before deciding on to anything

[@Boneteacher]

It’s ok !

[@2011mehfoozkhan]

@@nidhitiwari7721 there is not late becoz I saw many people who matched even after their 10 year after graduation....so motivated and carry on...and read some USMLE journey on Facebook page....there is no late ....best of luck

[@anonymousmedico6045]

Heyy...my snr cracked step 1 after intership in 6months...and just preparing for step 2.. May be this is ur rt time too

[@erythroblastosis10]

I'm about to join mbbs first year USMLE is my goal. Any advice please?

[@ambrishjaiswal7147]

Thanks u so much sir... Maine bhut videos dekha usmle k full procedur, need, money, how to prepare, etc samajhne k liye but i can't understand but by your usmle series videos.... My all doubt clear... Once again thanks so much sir

[@aryamansingh7977]

Thankyou soo much sir for this podcast😇

[@SunnyMedico]

Love u sir ❤️ ...It is very informative video

[@dr.deekshathakur5030]

Sir, is it possible for you to discuss about PLAB exams?

[@Boneteacher]

yes

[@roshanmuhammed491]

@@Boneteacher waiting for it sir 🙂

[@dracm8618]

Sir do a similar video on PLAB. 🤞🏽

[@Boneteacher]

sure

[@neeldoshi25]

Plz make a video on plab too !!

[@pushpachauhan5992]

Very well explained with positive note

[@swetabose7385]

Sir, can USMLE be cracked with marrow videos and qbank?

[@Boneteacher]

Secret Box no

[@explainersarath3341]

Can we get loans etc?

[@drReetHooda]

Sir, I am in third year and i stopped reading first aid after I learned I have to give NEXT 1 after final year. Do you think i can give step one before my graduation or should I wait because I didn’t even started Uworld that will take 6 months . My third year is completed half and I am very confused about the NEXT situation and the pass/ fail criteria of step one. What’s your advice regarding this?

[@Boneteacher]

Taking USMLE without uworld is risky !

[@2011mehfoozkhan]

Exactly same situation is here....please help sir and let me know sir what can we do ?

[@paramprag9158]

Sir I am in a similar situation, it would be really helpful can you advice what could be done ?

[@erythroblastosis10]

@@paramprag9158 Hi I'm joining mbbs this year. Please give me advice when to read for USMLE. Should I read alongside for NEXT?

[@shivanisinsinwar9972]

U world is important.kya tumne abhi step-1diya h

[@sarojakondapaka2331]

Sir,What are electives..

[@ZakirHussain-oq4ff]

Aslkm Thank you so much for the info sir

[@chizinchen122]

Excuse me sir, what if we couldn’t crack step 2CS or step 3 ??🙁 our money will be waste?

[@sharpenedpencil1806]

CS is cancelled now... You can retake the exam if you can't crack in the first attempt... But in that case be sure to fuel your CV more with research, Volunteering, work exp

[@beinghappy8008]

Is there any sureity that your money will not get wasted as money is major factor for middle class family

[@Jaya_Bhattacharya]

How to go for electives?? Do they call us for electives seeing our scores in step 1 and 2??

[@premaprathicksha6822]

Sir what are observerships and clerkships?

[@dr_chargeleo6239]

That’s the training in USA to know about the rotations in wards of American style. That’s offers from AMO opportunities and Other several agencies

[@sharpenedpencil1806]

It's basically like an internship/posting 8hrs /day , if you're not a graduate it's a clerkship were it's hands experience vs an observership where you just see others do things. At the end you have to ask for a LOR

[@harrypotter-tb9qz]

Sir plz make a video for pg in Canada?? Is it wise?

[@deepprakashyadav6743]

u can't do Medical PG in Canada unless u r a Canadian or Canadian PR

[@akshitagoel2912]

What is the ideal timeline then? To take the exams?

[@trivikrammalladi7137]

I have question about TOEFL, is it mandatory to have good TOEFL score of 115+ to get into a good residency programme in a reputed institution? If yes, when should someone take this test n i would like here some tips n tricks to crack this exam, thank you.

[@Boneteacher]

Drop them a message on Instagram, they will surely guide you..

[@the_md_ali]

If in your Medical school transcript and/or Dean's letter there is a mention of "entire course was in English medium/instruction" then there is no need for giving TOEFL

[@trivikrammalladi7137]

@@the_md_ali thank you so much for the reply, sir. But i think it is still necessary to have externalship in US??

[@the_md_ali]

@@trivikrammalladi7137 with step 1 turning out to be pass/fail exam, the only things to differentiate yourself from other imgs OBJECTIVELY are a good ck score and excellent LORs and you get LOR from USCE

[@trivikrammalladi7137]

@@the_md_ali sir, but the pass/ fail of step 1 is implemented from 2022 jan So if i take step 1 in the year 2021 and i get my result Will they consider my step 1 score if I go for an interview in 2022??

[@sharanrajbs3837]

Can we apply loan for USMLE ? If so like personal loan or education loan or something else

[@prushotampandey9207]

You can get education loan @12%/year

[@Dr.OneilAakashBiswas1038]

@@prushotampandey9207 that’s not possible for USMLE

[@ok-kb7yz]

@@prushotampandey9207 u won't get education loan for usmle examination.

[@prushotampandey9207]

@@ok-kb7yz I am talking about educational loan and not about the exam of usmle.

[@ok-kb7yz]

@@prushotampandey9207 bruh, listen to me carefully. Education loans are only offered for indian courses ( either graduation or post graduation)....... Usmle is the entrance examination for medical license in the US. U can't get loan for the preparation of NEET UG/ PG.... In the same way u can't opt for education loan while preparing for usmle.

[@ruwmya4795]

Some site show that a medical insurance document of 50000 dollars has To be submitted while applying and a a malpractice insurance document too in some colleges ....is it true?? If so how can the whole budget be within 20,00,000

[@sanjaykapoor355]

Very much needed video

[@UnconditionalStudy]

Sir , I have no clear idea about the residency in US, like are we paid for it and if so , then do we have to pay for the fee of our pg ? As Lakshmi ma'am told the expenses are covered with in 4 months ! Pls so clarify

[@Boneteacher]

You are paid

[@UnconditionalStudy]

@@Boneteacher Thank you Sir ! There is one more doubt that is .... should be have to pay tution fee for residency ? Or the higher education is free of cost ? And what is the age limit for applying for USMLE

[@rajeshwarshukla7302]

@@UnconditionalStudy there is no tuition fee

[@yourmomisgay377]

@@UnconditionalStudy tution fees exist only in this country..Govt makes profit every way possible

[@sharpenedpencil1806]

There is no tuition fee for residency.. they pay you pretty handsomely, and the salary increases around 2500$ per year ... You'll cover up for the expenses easily

[@geethaprabu2838]

Sir plz do video about Canada medical system..I know it can be done only when u have PR..what are the chances of entering into Canadian medical system

[@dr.anamika1684]

This is really useful Thankyou

[@lokesh.s5626]

Is electives or observership is absolutely necessary for applying residency ??

[@prushotampandey9207]

It increases the chances of marching

[@stayxskzleebit6030]

@@prushotampandey9207 What if you are a graduate already ? what should you do after giving Step 2

[@sharpenedpencil1806]

@@stayxskzleebit6030 give step 3 and try to get a research fellowship/elective

[@princeahuja9858]

Hello sir, actually i am a premed now in india and i have this American dream in the long run and i wanted to do a plastic surgery residency in usa and settle there to do usmle and it might cost around 25-30 lacs and i don't have that kind of money and i feel so hopeless and feel like my dream/goal is dying......Feel like I'll never be able to get there...

[@gmchixx7652]

Holy moly... 20lakh rupees in my country's currency is around 63 Million... which is extremely expensive 😢😭 Are there any cheaper options../scolarships ?

[@Singh-mi1mx]

Which country do u live in

[@dr_chargeleo6239]

Thank u so much for this video ❤️❤️❤️❤️

[@flowerofevil6309]

I GAVE MY NEET UG THIS YEAR AND I WOULD GET AN AVERAGE COLLEGE WOULD THIS EFFECT ? IM FROM A MIDDLE CLASS FAMILY AND CANT EFFORT THESE EXPENSES SIR/MAM IM READY TO PREPARE FROM 1ST YEAR ITSELF ,TAKE UP RESEARCH IN MY 1ST YEAR ,JOIN CONFERENCES,TAKE UP ANY CHALLENGE RIGHT FROM DAY 1 THE THINGS IM WORRIED ABOUT IS EXPENSES ,UNCERTAINTY TO MAKE UP SHALL I JUST GIVE UP AND WAIT TILL I EARN BECAUSE AS U ALL RECOMMENDED TO TAKE UP STEP 1 EXAM IN 3RD YEAR I CANT EVEN EFFORT STEP 1 COSTS UNLESS I EARN ON MY OWN PLEASE ADVICE WHAT CAN I DO TO MAKE IT UP IM THANKFUL TO THIS SERIES AND PODCAST

[@Syed_Yaseen09]

How much we can earn from part time in usa..?

[@daylongsdaylongs8326]

Ma'am i am currently in 1 year of mbbs and i dont have any resource for usmle ... please can u suggest me any scholarship that can avail me money for complete usmle journey

[@lasancykundu6393]

Sir is someone do it pg in India and now he/she want do some other course in medical field then what that course's, what tha procedure. So plz discusses about this.

[@srustidash9234]

Sir, what would you suggest is a good time to apply? My internship is about to start, so should I prepare now for my first step? Or should I wait for my internship to be over to start?

[@ruwmya4795]

Thank you very much sir

[@amanverma-pu3pz]

How can we go a country like Canada or Australia after the usmle ? Or can we start our residency in Canada or Australia?

[@travelholichere919]

Where shall we take travel insurance.INDIA or USA?

[@umarekha8787]

Sir as it is in dollars and we have debit cards in rupee how is the payment gateway how is it accepted

[@sharpenedpencil1806]

You'll need a credit card

[@simphiwecyprial901]

Hi, can u do this usmle journey while working, during yo internship n community service yrs (in my country this takes 3 yrs to do), I'm asking this for financial reasons + one can apply for a student loan (obviously no bank will give u a loan if u not working a stable job)

[@refaakram6359]

Thank you so much abbas sir!!!💫

[@sabrinarashid2786]

i am working as a research assistant in Canada. does this experience going to help\/

[@Boneteacher]

Ofcourse

[@drsg1312]

salam Sabrina, would you help me, i wanna ask how did you got as research assistant ..please

[@sabrinarashid2786]

@@drsg1312 please apply into the hospital career pages.thanks

[@aadilsheikh11]

Sir what coaching should i do

[@Boneteacher]

depends on a lot of things .. its not necessary

[@aadilsheikh11]

@@Boneteacher suggest some good coaching institute please sir

[@darshanat2010]

The argument that you, as a foreign medical graduate, don't have the huge debt ( approx 200000 us dollars) that the American residency doctors have, is irrelevant. Because at the end of the residency ( usually 3 years) each one will get a job of at least 100000 US dollars and jump to 250 k in a couple of years. But the Foreign medical graduate on J1 visa will have to look for Waiver jobs in rural underserved areas . These are very hard to get and the legal procedure is very costly. There is a high possibility that you will have to leave USA after residency because you did not get a doctor job on H1.Everyone should be aware of this. Only green card holders and American citizens can be relaxed during residency.They are guaranteed a well paid job. Their debts are nothing compared to their income. The FMG / IMG just gets to do the residency but has to bevready for no job or hardship.

[@velishdalsania2191]

Sir i would like to ask one thing ....upto how many years after completing internship we can give usmle?? Ryt now i am already preparing for NEXT but in case if the result is not satisfying than can we go for usmle afterwards???

[@Boneteacher]

Velish Dalsania no limits , but your chances of matching will go down as you will be considered an old graduate

[@ashrasiddiqui8272]

How ironic is 14.24 where you are paying money to get into the hospital, but if end up in the hospital before completing the whole process it's bad, real bad

[@dr.anamika1684]

Really amazing

[@vyomaadahiya5068]

Dr lakshmi..what if u get dnt selected after using fathers retirement money!! Coz mine is also the same case!

[@anindiangirlsjourney691]

Haha. I’m still a doctor at the end of the day. I would have done post graduation some other way and eventually paid him back,

[@the_md_ali]

@@anindiangirlsjourney691 Mam pls explain what to do after you are not matched but still want to pursue usmle (even after passing step 3) and how much expense can we expect till next match season for said options. Thank you in advance

[@anindiangirlsjourney691]

I’m not sure. Never looked into those things.

[@MCShorts23]

best video sir

[@deepwankawala]

Sir, applying for a residency without an observership or clerkship on your CV... What would be your suggestion, sir? Is it worth the risk?

[@Boneteacher]

Yes it’s a risk, unless you have an amazing score and super lors

[@venkateshg1863]

Thank you sir

[@milansingh941]

sir please make a video on PLAB

[@sloth8852]

What is elective ?

[@nandinimishra6901]

Thanks a lot! Can I give usmle at the end of my 2nd year mbbs ?

[@sharpenedpencil1806]

Yeah you can give usmle step 1 after passing 2nd yr... Not before that though

[@chiragpatel03]

Sir , are we provided with accommodation during residency in US?

[@sharpenedpencil1806]

No accomodation usually you've to find on your own

[@umarekha8787]

Sir if we have done pg in one subject in India can we do residency in another subject in u.s.

[@NEETmedicalGK]

Thanks. Sir

[@dilipmule8533]

lakshmi madam aap middle class se gujri hai aapke problems house support and aapke iss difficult journey pr video banaiye......

[@the_md_ali]

I've gone through mam's Instagram. There is no way I believe she is an average middle class Indian. Maybe I'm wrong but how can she afford 2 iPads (I'm sure 1st was replaced by the 2nd) an IPhone, an apple watch and 2 laptops(again replaced). She mentions on her iphone Insta post that it was her self earned money she bought iPhone with but still I find it hard to digest this because she never mentions doing a job(in her visa interview post she mentions she worked at a clinic but it's no way feasible). Mam is also kinda sketchy on her non prep posts(in my opinion) such as expenses, her post doc research offer et. But still she was very much helpful about the steps and her experience as an post intern esp. when in 2k18 her friends cleared NEET PG P.S: I've gone through her Instagram thoroughly so as to make a foundation of my own. I in no way am being disregarding her helpfulness and if she sees this I thank you for all the amazing posts.(it would be helpful to give us an estimate of your own expenses as all in all incl. Your stay food and travel expenses to observership& interviews in US as these form the major chunk of expenses incurred).

[@prabhakar1584]

@@the_md_ali can u please share her insta id 🙏🙏

[@the_md_ali]

@Aditya Prakash search @anindiansgirljourney

[@anindiangirlsjourney691]

@@the_md_ali not that owe you any kind of explanation, but my first iPhone was worth 25k, which I was able to purchase by saving my internship stipend. I used to get paid 20k a month in internship and it wasn’t hard to save that money. I did not have the iPad for step 1. I had a crappy xiaomi tablet. After step 1, I worked for a month non stop, where I was paid 1200 Rs a day, and occasionally I would go there even afterwards. This is how I saved up for the iPad. The laptop my father got for me coz my older laptop was 5 years old. This second iPad you are talking about was purchased when I got married and my husband could afford to buy me nice things. My current laptop was given by my program. I’m as middle class as they come. I used hand me down phones all through college like xiaomi and my brothers old phone.

[@anindiangirlsjourney691]

@@the_md_ali my expenses are tricky to calculate, mainly coz half of them were taken up by my parents and the other half that came in after I got married were taken care of my husband. I did not note every single expense down.

[@masmts]

Good presentation

[@kottalapraveen570]

Sir please make a video on plab

[@bobbysmithyadav3849]

Lakshmi🔥🔥🔥🔥🔥🔥

[@neelkavediya8063]

Laxmi justifies her name

[@beyondthestethoscope04]

Sir ap khud india ke health system mein kaam karte ho toh phir ap usmle ko itna support kyun kar rahe ho.i mean ,i am an fmg and am doing my internship in india in a govt hosp and iske baad usmle dene ka plan hai so m just curious.

[@ectopictopic]

How is it possible to apply for clinical electives during internship because by that time student’s already a graduate?

[@Boneteacher]

You graduate after internship

[@learnings_of_leaders]

Can I get All of your Instagram id. I'd like to network with people who went through this process.

[@Boneteacher]

They are in the video description..

[@learnings_of_leaders]

@@Boneteacher Except mam Lakshmi other id are not found?