MED SCHOOL LOANS - What To Do w/ Them 2021

[@APCxcheesypuffs]

MS1 here, thank you for keeping it real

[@drjennale]

💯💯💯

[@WiiKitty]

I think you have to determine which stressor holds more weight: the stress of working more/burn out/missing family time for a few years or the constant financial stress of loans for ~10 years. Long term financial stress is tough on your relationship with your spouse but also as your kids get older they’ll be able to pick up on it. My parents both worked a lot and I hold zero resentment towards them because I know they did what needed to be done for their financial future.

[@drjennale]

That is very true. I have many people tell me that they had both physician parents and they always felt loved and supported. For me, I think the reasons for not working more is more for me. I don’t want to miss my kids growing up. They probably won’t even notice I’m gone more 😅

[@kristengilbert3566]

@@drjennale I actually told my Dad off at 12 because he was gone too much when i was little, and my mom became two parents, so YES u are doing it correctly!!not to mention being a parent in itself is a full time job!!

[@enigmathegrayman2953]

I hate debt, including mortgages and student loans. My life will NEVER be stressing over loans or going to hospitals.

[@TeJourney]

Interesting Fact I learned in the milltary holiday season same time every year. No need to stress we know it's coming. I make a list with everyone name 4 gifts each with certain amount of money allowed to spend for each person. I usually get everything on sale through out the year and am done by September. It's much easier to spend 20 here and there vs 100s around the holidays.

[@drjennale]

Such a good idea!

[@chiravuris]

I'm not sure how your financial situation can be improved if you don't want to work more. Have you considered tele medicine full time? Does London go to a daycare? You can probably work during the time your kids go to school/day care. At the end of the day, it all comes down to what your priorities are. I would personally prioritize paying off debts. That would just make me very uncomfortable to owe that much money. Even if it means a little less time with my family. I can only enjoy my time with my family if I'm financially comfortable.

[@drjennale]

I’m going to make Stan work more 🤣 I personally just felt so burnt out after residency in the mist of a pandemic. With the work load now, I feel like I have the energy to practice like the physician I want to be. Instead of being jaded. I would consider increasing FTE in the future when both Wyatt and London are in school.

[@chiravuris]

@@drjennale I've never worked from home. My husband has a few clinic days from home and he loves it. I think this is something you can try and see if it works out for you. I think this is the best time for WFH for Medicine.

[@drjennale]

@@chiravuris I have a friend start a virtually primary care practice. But I feel like it’s more concierge medicine and I’m not sure if that’s what I want to do.

[@chiravuris]

@@drjennale in that case, you may have to make Stan work more. You've come this far to choose what you want to do. So, whatever truly makes you happy.

[@drjennale]

❤️ I appreciate you

[@royjohnson9043]

So glad I decided against medical school and became an entrepreneur instead. Now I work for myself and and travel whenever I'd like to.

[@dc6953]

I abounded that shit and started trading. It is worth it lol.

[@drjennale]

Goals! What do you do?

[@kristengilbert3566]

@@drjennale wow!!! thats crazy, hopefully the government can write it off, or at least some of it, i would have horrible anxiety, so so sad this Country cannot give free college especially to healthcare workers as we need them so much, try to have a great holiday!!

[@drjennale]

Yes! There’s a flaw in the system that the rich don’t care to correct.

[@user-yj7es4iv2i]

the kids make the video so wholesome...more kiddos!!

[@vzeimen]

Financial advisors (who make money off your money) will ALWAYS tell you to not pay off your home or other loans. However, let me tell you that you will never feel better than you do if you pay off your debt. Having it is weighing on you more than you even know.

[@drjennale]

Even if my interest rates are 2.5 and 2.7%? Hypothetical, if you take that extra money and put it in a target date investment account with historical average stock market growth at 10% - wouldn’t it be more beneficial to invest with loan interest rates that low?

[@Chasing702]

Hey you went to PNWU 👋

[@wdeemarwdeemar8739]

You will be fine I have been an RN for 16 years and have been a manager and director for about 10 of that. I may make more than our hospitalists but I don’t make surgeon money. My second masters degree cost 94k from Samuel Merritt University. Took me three years and five months. Just live on less and get that debt wiped out. You were a resident… you just pretend your are only making that salary again.

[@superior120v5]

Hey can you please talk about the muscle issues and muscle health like you did at the end of this video more in depth in another video. How do you keep your muscles healthy?

[@drjennale]

Mobility! Many people try to strengthen with gaining adequate range of motion which can lead to pain.

[@TinaOnEarth]

Thanks for sharing. I have the same amount of school debt as a recent medical grad. My grace period also ends at the end of January. I’ve been overwhelmed with finding work positions to do while building my CV for residency. Are there any good positions as an MD without a residency as a way to pay back the debt?

[@drjennale]

Unfortunately, you can’t work as a physician without residency. Maybe after one year of residency but not if you haven’t matched. I did a live answering some question on what to do next. I the comments, there’s also lots of good suggestions of people on similar positions. I DIDN'T MATCH INTO RESIDENCY | Q&A kzbin.info/www/bejne/Y4urmGasjbugmaM From personal experience, some residencies also frown upon working as a full fledged physician right out of medical school. Because you really don’t have enough medical experience to do that. They rather see research on your CV.

[@TinaOnEarth]

@@drjennale okay thanks, yeah here in Missouri there is an assistant physician job for medical graduates that haven’t matched. but I wasn’t sure as to how that would be looked on a CV. So do you think scribing or clinical research is relatively decent to try and get the debt down? Or like a medical assistant job?

[@drjennale]

Research will definitely give you points but not sure how much it will pay. Scribing is better to learn medicine because you’re working one on one with a physician listening to their entire thought process when evaluating and treating a patient.

[@ReclusiveMountainMan]

You guys need to try Martha and Bros coffee. No need for protein additives. You'll be wired for hours, but it's really the best coffee I've ever tried in my life. I live on it.

[@drjennale]

I think you mentioned this before. But I’m still new to coffee. I’ve been living off free burnt hospital coffee for years so anything else seems extravagant 😅

[@ReclusiveMountainMan]

@@drjennale mmmmmmmm burnt hospital coffee. Yummy. ;p

[@waterfirelord]

That one of thing that school and family doesn't teach us.

[@karenvaladez589]

being rich or poor is relative. I think ur just used to ur amount of money whereas a lower payed person is used their amount of money. but agree the medical industry takes most of the money but that does not make you poor in MY perspective. And i do believe in collagen makes my hair skin and nails looking nice and if that looks nice that probably means my other organs are doing well as well due to collagen. just my thoughts.

[@karenvaladez589]

thank you for the loan info. very informative

[@drjennale]

That’s what my sister said! She feels like the college help with her hair. But it’s hard to say if it’s just the increase in protein that helped with the hair growth or the collagen itself.

[@karenvaladez589]

@@drjennale yeah each their own, but i eat a lot of meat and saw a lot of growth once i supplemented with collagen. but i also take it for other health needs. very good.

[@drjennale]

Glad it helps! I hope my hair starts going thicker too!

[@gdaymates431]

I am so grateful I was lucky enough to be born in Australia. These fees you guys have to deal with are utterly outrageous and disgusting.

[@drjennale]

That and ZERO paid maternity/parental leave

[@gdaymates431]

@@drjennale It's honestly despicable. It amazes me that more people aren't demanding it in the states. The media is basically used as a tool to distract people from real issues. Everyone stays angry over small, insignificant things. People are more passionate about gun rights than they are about health and equality. I think it's because to many, having a government who puts its citizens first is a foreign concept. They truly believe if you work hard you can achieve anything which is a total lie sold to people to keep them complacent. Your taxes should go towards social programs!

[@drjennale]

YES! YES! YES! To everything you said.

[@elsie4714]

What about giving up KZbin and going full time to pay down faster? I think Stan is a SAHD (definitely could be wrong here); could he work part-time? I have student debt too and it's really stressful. ❤️

[@drjennale]

I don’t want to work more. I have friends just out of residency who already feel burnt out. Plus I would miss too much of my children growing up. I will never be able to get this time back. I can always work more later. Stan is a realtor so income is very inconsistent.

[@valerievining5374]

@@drjennale Totally get where you are coming from! People always say “work now that your kids are little, they won’t even remember, “but I will! I don’t wanna miss this time! Work is going to be there for the rest of your life, but that time with your little kids, you will never get back!

[@lupita1010]

😖😖

[@aoflex]

Get a job as a doctor and pay them off over the next 10 years?

[@drjennale]

Not all doctors make good money.

[@kole1ful]

America is a weird place!! Why does an education need to cost that much!! It costs almost nothing in equally developed countries! My age long question is why do Americans continue to put up with it?

[@drjennale]

We are brain washed to believe that this is acceptable. The rich make the rules and control politics to sway things in their favor. I would say that the wealth gap in the US is the most it’s ever been. Historically, this usually lead to a revolution

[@kole1ful]

Wow…that’s sad and awful. I hope and pray you pull through. You’re a wonderful person and you deserve the best 🤗

[@drjennale]

Thank you 🥰

[@user-yj7es4iv2i]

im numb 2 the debt at this point lol

[@drjennale]

I didn’t think about it until I have to truly start paying it back 😅 necessary evil here in the US higher education system

[@antoniag6622]

Residents from Europe be like: Man, I don’t even know how 350k look like 😳😳

[@drjennale]

While those in America - what’s universal healthcare? 😭 we suck

[@antoniag6622]

@@drjennale it’s definitely more pressure for the patient & for young doctors. I know there’s not a perfect health care/education system but it blows my mind how expensive is everything in the US. Also, I am not a fan of working extra hours, I’m in the same boat with you. Personal life is very important

[@marionbauer4566]

Dave Ramsey often has medical doctors on the phone who struggle with their student loans. He usually has good advice.

[@drjennale]

Dave Ramsey thinks you should sacrifice all - time, physical, and mental health. Work yourself into the ground, eat rice and beans, and pay off school as fast as possible. He also thinks it’s possible to work and save to pay for medical school - all of which I disagree with.

[@marionbauer4566]

@@drjennale Ah. ok ...

[@randomsarcasm2022]

Your husband needs a full-time job that allows for overtime. You need a full-time (no call) position. The influencer thing is not realistic, and your skills deteriorate being less than full-time as a young attending. Your plan is not feasible (primary care specialty or no).

[@drjennale]

I would disagree that my skills are deteriorating while practicing part time. We are still required to be up do date on guidelines and it’s not like I go months without practicing medicines. Secondly, working part time gives me the energy and empathy to give to my patients. My patients will also suffer if I am feeling burnt out. There is a systemic and institutionalized issue here that should be addressed.

[@randomsarcasm2022]

@@drjennale That's not true. There is a reason why the clinical hours are as high as they are. You need a mentor, Jenny. You're doing your patients a disservice.

[@drjennale]

Your clinical experience does not deteriorate when taking a week day off. Just like how your medical knowledge does not deteriorate on Monday after a weekend off after Friday. This way of thinking pushes the toxic culture of “the grind” - only perpetuating physician burnout. Why do you think physician have some of the highest suicide rate.

[@chseer]

@@randomsarcasm2022 I would love to be her patient. As long as my doctor keeps up on CE I don’t see why they need to be in the clinic every day to be a great doctor. Would you say that to doctors who do research more often and go to the clinic maybe ~1-2 days a week?

[@randomsarcasm2022]

@@chseer There is a difference from being a social media influencer and being an actual seasoned academic clinician. You might as well get Kim Kardashian to defend you on matters of constitutional law or get "Dr. Mike" to manage your COVID pneumonia. I think you are evidence that physicians need to be mindful of how little the public knows about the actual education, training, and maintenance of a physician. This is all very sad.