High-Interest Environment: Invest or Pay Off Debt?
Money Meets Medicine
English - May 10, 2023 05:00 - 40 minutes - 38.2 MB - ★★★★★ - 197 ratingsInvesting Business Education doctor finance attending budget doctormoney feeonlyfinancialplanner financialplanning income investing medicalschool Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
With inflation and interest rates being what they are, one of the most common questions that we get nowadays is, “Should I invest or pay off debt? What should I be doing with my money?”
Everywhere in medicine, inflation has an impact. One of the common areas where this naturally happens a lot is in regards to reimbursement rates and income. Doctors realize, “Hey, I haven't gotten a substantial raise in five or ten years, maybe more. And yet, inflation in 2022 is 6-9%.”
So when we face these unprecedented rates of inflation, it makes sense to ask, “Should I invest or pay off debt?” Let’s dive in by covering specific financial tasks that doctors need to take into consideration.
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