Episode 32 Jason Mizell, MD
First I would like to thank you all for continuing to listen to the podcast and also for those of you who have joined the Doctor Money Matters facebook group. Group has grown by nearly 50% last month and the discussions have been spirited. Please continue to add your physician and medical professional colleagues so they can join in the conversation. Some of the popular topics recently have been determining your retirement number and Dr. Meru, an orthodontist in Utah who was recently profiled in the WSJ about having $1M in student loans.
On this episode, I interview Dr. Jason Mizell, a colorectal surgeon at University of Arkansas Medical Center. He started a class to teach 4th year medical students about finances. As I mention in the intro to this show, most of us were never taught these subjects in medical training leaving us to figure it out for ourselves, often at great expense (in terms of fees or mistakes).
Dr. Mizell like many of us felt lost in dealing with finances when he first came out of training. I will let him discuss that during the show, but he realized that he was probably not alone and decided to do something to help his colleagues and students. This has become a very popular class and hopefully spreads to other schools. Perhaps we should have some of these topics addressed before medical school starts to avoid a Dr. Meru situation.
Thank you Dr. Mizell for starting this conversation with medical students. It’s great to see someone taking initiative to help educate our younger colleagues. Doing it in the structured way he does really brings value to these students. Maybe some of you are already helping out by informally bringing up these topics with your students. If you do please let me know how, you can tweet to me or send me an email.
Sometimes once you start learning about financial topics, the basics such as interest, inflation, compounding can seem very simple but there is an article I read recently that had 3 quick questions about these topics and the vast majority of people could not get more than 2 of 3 correct. If you don’t understand these fundamental concepts, you will have a hard time getting ahead financially.
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Dr. Mizell is on twitter @jasonmizell1
Please consider joining the Doctor Money Matters Facebook group.Thanks for listening and please leave us positive reviews and continue to share this podcast with your colleagues.
omerJune 9, 2018 at 6:52 pm
thanks for you content. Is someone helping you assemble and edit the podcast. I ask because I am interested in starting a podcast (not financial so dont worry).
Dr. Money MattersJune 13, 2018 at 11:57 pm
I do them mostly by myself, occasionally have some help with virtual assistants.
StevearkJune 19, 2018 at 7:07 pm
It is a small world, my son was a 4th year med student at UAMS last year and he took Dr. Mizell’s class! I can’t use his name though because I blog anonymously but I appreciate your interest in helping future doctors learn valuable information that can give them a much smoother life. I joked with my wife, his mother, that what we really needed was for our son’s wife to take the class! I did not type that out loud did I? My wife and I are both slightly early retired and financially independent and I’m just side gigging to stay sharp and blogging to have fun! Great podcast!
Dr. Money MattersJune 19, 2018 at 7:22 pm
Thanks for the feedback. I hope the students at UAMS appreciate what Dr. Mizell is doing for them. From the surveys done there, it seems like they do. At least those students are at a state supported medical school. The students at the many private universities are really going to need to be budget conscious for the future.