Key insights
- This post discusses personal finance strategies for a future medical student. While relevant to the individual, it lacks broad market implications. The advice sought pertains to individual investment choices given a specific financial situation, and does not contain information that would act as a leading indicator for US equity market movements.
I’m in my early 20s and fortunate enough to be living with my parents before I matriculate into medical school in late 2027, and for now, they pay for food, mortgage, etc since I stay with them. Between now and then, I expect to make around $30–40k working full-time, and I currently have very little savings/investing experience. Obviously, this could pay a good chunk of medical expenses, but I'd rather invest it.
Additional context:
- I’ll be in medical school + residency for ~7–8 years after 2027 * I probably won’t have significant full-time income during that period * I’m starting from essentially zero in terms of investing/savings * My family will take private loans for med school
What's the best way I can utilize the $30-40k + money I make in medical school (say $10-15k)?
What are the best investment options and financial decisions I could make given my situation?