Seeking Financial Success in Residency

Doctors often still have money problems, but Panacea Financial is here to help! They’re a national, digital bank that is built by doctors, FOR doctors and they understand the financial hardships of medical training!
Learn more at panaceafinancial.com #sponsored

[@ninjason57]

While a resident live like a medical student. Pay your minimum monthly loans. When you’re an attending live like a resident until you pay off loans. I did this as a physician and was debt free 2 years post residency.

[@horschiday9449]

Huh how long was that residency?😅... still I’m impressed

[@fbbWaddell]

This reminds me of the couple who were given a house a house full of furniture as a wedding present after they graduated medical school. When you save $1000/mo on rent/mortgage, it is a lot easier to pay off student loans.

[@kaboomsihal1164]

So... if you live like a resident and as a resident live like a medical student... you live like a medical student until your loans are paid?

[@RachelleAndrea]

Under one year until I get my PharmD and I am struggling to rent because no one takes professional students seriously. I can figure out a life-saving regimen for you in the hospital, but I can't convince a landlord that I can pay without mentioning parents' income. Like come on.

[@panaceafinancial1386]

We are sorry. The problem is truly ridiculous. One of our co-founders finished a shift in the CVICU as a resident, came home, and shopped for a loan online just for a few thousand dollars. Banks did not trust them and demanded they had a cosigner (even for a small loan) even though just hours before they were trusted with someone’s life. Banks just don’t get it.

[@Stephanie-iq3ve]

It's so great that Doctors who have been through it before you stood up to do something about the financial issues med students face. What a wonderful thing in the world today! Thank You Panacea Financial, and those who founded it. Maybe the youth will dream of being Dr.'s again.

[@panaceafinancial1386]

Thanks for the encouragement Stephanie! We are trying to make a difference in the lives of doctors and let our colleagues practice with less stress.

[@gallopingsalmon]

Wow it's legit. I was scared at first.

[@panaceafinancial1386]

Indeed we are legit! Let us know if we can help. You can also learn how two doctors started this bank here: panaceafinancial.com/about/

[@kaylong6755]

Do not refinance your govt students loans. You lose all government protection when you do that.

[@nusaibahhusain1241]

This was a great ad lol!

[@TheAmtwhite]

Is this an advertising channel now? Saw him advertising something else recently too.

[@els4044]

I think so. Or maybe it is the way to pay his debt.

[@lissygeorge9199]

Oh come in, it's okay once in a while to be creative with things with your talents..Admire Dr.Schmit for being able to do such things during Residency..which will help him too..so what ! Just enjoy the humor 😄🙂

[@els4044]

@@lissygeorge9199 i'm happy for him to get some more money. The system is very wrong..working hard and getting debts. That is not faire. But, heey, it is advertising.

[@katejohns3284]

Let Dr Schmidt get that yooutoobe ad coin!

[@eora5142]

If it's something he really believes could work for medical student and doctors it's somehow nice of him to let his audience (which presumably includes many people working/studying in the medical field) know about it thougj, while gaining some money (which I really don't mind him earning, since this channel is really interesting and funny and I'm sure he's a competent physician)!

[@nursesophie5254]

Thought this was a joke but it's a real company, sounds almost too good to be true

[@panaceafinancial1386]

We are real and would love to connect if there is a way we can help you!

[@andrewjebadurai1084]

Manually disimpact Mr.Jones 🤔 did anyone else notice that?? Is that the same thing as I'm understanding??

[@benbrill7828]

Yeah, but I know one thing from medical history: never trust a panacea

[@OGimouse1]

I'm not a doctor, don't want to be one, but I wish someone in my profession would make help like this T.T

[@jenniferbates2811]

I'm a civilian, Why do you need money for fellowship interviews??

[@kaciewylde2830]

this might be before zoom interviews were a thing but you had to pay for your own flight, room + food, clothes, and other necessities for fellowship interviews. these aren't covered by the company interviewing you (as is the case with major financial companies or higher-up positions)

[@jenniferbates2811]

@@kaciewylde2830 Oh WoW really??😳. That's a tough situation. Hopefully it's more zoom based now.

[@panaceafinancial1386]

We certainly hope interviews (both residency and fellowship) continue to change and improve in order to decrease the financial burden for those of us that are simply trying to move on to the next step in training.

[@jenniferbates2811]

@@panaceafinancial1386 I come agree!! Up and coming doctors already have so much on their plates. I'm going to college for Psychology and Sexual Science. So nothing compared to the doctors journey.

[@ednajeanamos7224]

That is so true

[@fbbWaddell]

Can Veterinarians use Panacea?

[@panaceafinancial1386]

Veterinarians can use our free nationwide digital checking and savings now! And they should be able to use our loan products in the near future. Stay tuned!

[@irshviralvideo]

Average gi makes about 550k in California. You should be making that money at latest by 30. I think that's pretty good

[@Doc_Schmidt]

It’s actually not possible to be a GI by 30 if you’re a traditional student (in USA). I’ve taken no breaks in training and I’m 30 and still have 2 years to go before I’m done with training

[@irshviralvideo]

@@Doc_Schmidt ok, I was off by 2. 550k at 32 is still bloody amazing !! You should be able to pay off all debts and mortgages within 4 to 5 years and retire by 50 with 5M net worth EASILY !!

[@irshviralvideo]

With 5m net worth you literally don't need to work and just live off a 5% return of the 5m which is 250k without even moving your hands whatsoever.

[@analozada9475]

I’m glad I changed my mind about med-school lol

[@Jon-jk8vd]

5k car repair? 😂🤪 this goes well with the mechanic skit on this channel

[@alexwyler4570]

maybe a new engine instead of buying a new $25000 car. Used cars prices are so so so high right now.

[@fbbWaddell]

I would just give them the car and buy a new one for $3000. LOL

[@Jon-jk8vd]

@@alexwyler4570 even a mid 90's Honda that is indestructible that even an MD might be able to fix in a driveway?

[@SteveL4]

“Laughs in community college nursing school”

[@alisyed5865]

Do you guys help incoming first year students with our expenses?

[@panaceafinancial1386]

First year students can get their very own private banker and totally free checking account. We also have scholarships for medical students, which you can see at panaceafinancial.com/community-engagement/.

[@walkwithmeASMR]

Arnt u supposed to declare if you are doing an advert? Like are you getting paid to advertise this? Or is this your actual opinion?

[@JCHK.]

It says that it’s sponsored.

[@walkwithmeASMR]

@@JCHK. in a tiny hashing

[@alexwyler4570]

it is a youtube video. Most KZbinrs take on sponsors they believe in.

[@JCHK.]

@@walkwithmeASMR it’s right under the title, the same size as the text next to it and it’s also listed again in the description, same size as the other text. It’s also bright blue. It’s pretty clear.

[@walkwithmeASMR]

@@JCHK. most youtbubers make it more obvious. I got to near the end of the vid before it was actually verbally mentioned. It made me cringe thats all I'm saying. Its definitely not as obvious as other paid ads.

[@michelelein9094]

I'm a bit disappointed with all the advertising of services I've see on on this site lately. I love the Doc Schmidt videos, but I've seen three adverts today alone. I enjoyed the cute skits just for humorous purposes. I suppose he makes money he needs by doing advertising for different services, but it feels a bit like a sell out. I'm not a doctor or med student, and I suppose it's helpful to those who are, but it's annoying to get ready to enjoy another skit based on his experiences as a GI Fellow, only to realize the video content is mostly an advertisement for a service offered to medical personnel.

[@Monicalala]

😭 they probably don’t help RDs

[@panaceafinancial1386]

We can help with nationwide free digital checking with your own personal banker!

[@johncena-nd9jx]

Doctors from literally anywhere else in the world:?????

[@Littleathquakes]

puhlease im a nurse. all the doctors I work with drive luxury cars. not a single Hyundai amongst them. im sure they accumulate debt as students but from what i can see, they got themselves out of the hole pretty quickly

[@tonyabrookes9931]

Why do we torture people in the medical field? Yikes. Like they dont have enough stress

[@nehasara4010]

Why does this guy sound like Jerry Seinfeld?

[@adayah6772]

... Nah... Don't do it! Make sure to call Dave Ramsey first📝😁