Preparing for Post graduation expenses

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thekingofbunions

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Hey guys,
I am currently in the process of match for residency, with the start of training approaching this summer. I anticipate significant relocation expenses and am exploring opportunities to save money in preparation. To that end, I am actively applying for various part-time and temporary positions to help offset these costs. I wanted to know if you guys have any recommendations job wise.
 
Don't go on vacations, don't eat out in restaurants unless you're working in one. Rice and beans, beans and rice. Bare minimum. Sell anything or everything...so much that your kids (if you have them) think they're next. Side hustle, side gigs and all. Uber, food delivery, mow the lawn, gardening, walking the dog, or whatever it takes to make you money. Then become the foot and ankle surgeon and fellowship trained whatever comes next.
 
Don't go on vacations, don't eat out in restaurants unless you're working in one. Rice and beans, beans and rice. Bare minimum. Sell anything or everything...so much that your kids (if you have them) think they're next. Side hustle, side gigs and all. Uber, food delivery, mow the lawn, gardening, walking the dog, or whatever it takes to make you money. Then become the foot and ankle surgeon and fellowship trained whatever comes next.
Yes check out the side hustle thread for some fresh, interesting ideas. Realistically none of those are available anymore due to the literally free money out there that all the pods have swung in and grabbed already
 
Hey guys,
I am currently in the process of match for residency, with the start of training approaching this summer. I anticipate significant relocation expenses and am exploring opportunities to save money in preparation. To that end, I am actively applying for various part-time and temporary positions to help offset these costs. I wanted to know if you guys have any recommendations job wise.
So - just so we're clear - you are a 4th year student waiting to find out where you matched, but you are also hoping to find a part time job to round out the end of your schooling and something to do to support yourself financially until you start your residency?

1. The number one rule is - you can't do anything that could interfere or prevent you from ultimately practicing as a podiatrist. So if someone tells you they'll pay you $200 a day to move furniture and you hurt your back - it isn't worth it. I've experienced all the podiatry negatives we talk about, but I've also earned more in a day of surgery than I'd make in a month at my first job out of college.

2. The common wisdom, right or wrong, is that this is the last opportunity you'll have for a long time to take time off, relax, or visit family. My program was needlessly anti-vacation and I didn't see my family until Christmas of my 2nd year. If you've got someone to see - now is the time. Seeing family and exotic vacations are not the same thing

3. Some programs have expectations, commitments, things to do etc that start sooner than you'd think. Your number one priority is starting your training off on the right foot. There is sometimes advice given on this forum that might seem very reasonable or frugal - people for example have suggested staying hours and hours away from where there clerkship is and driving there everyday. I'm not saying you need to live somewhere super expensive, but you should make plans to make your residency successful. I lived exactly 1 mile from my residency. Obviously not everyone can do that, but it was very condusive for my life, call, family, etc. For example, by living one mile from work I was able to eat free meals at my hospital's cafeteria every day because I was paid so poorly.

4. Old people often become disconnected from the finances of young people so let me sound totally tone deaf and ask - can't you just ask your parents for money or something? Perhaps you could donate plasma? According to hilarious trolling on the MD forums a lot of starving medical students do Only Fans to survive. Technically that could interfere with #1 above. If your school requires you to be back on campus perhaps you could get a job at your library or gym. A friend of mine was a barista between podiatry associate jobs. It was awful for them, but I'm sure they learned a lot about coffee.

Agree with the above though. Eating at restaurants is a luxury.
 
Please listen to points 2 and 3 above, very solid advice
Enjoy some free time, study a little to keep fresh, but residency is next level intense (which is good in the end, make it count).
 
I took out a personal loan, several thousand, to fund my move. Paid it off with my residency salary in 6 months...right on time for my income based repayment plan on student loans to kick in.

Just go to the bank, show your offer letter, show you have contractually guaranteed income, and they ought to do something for you. Interest rates might be lousy but I'm talking months not years of accumulated interest.

Edit: also, I'm not sure you can be the king of bunions, because "Bunion King" is a registered trademark
 
Brother accept the fact you’re going to leave residency with 300k plus in debt and do the best you can to learn the most you can during those years. There is no time for work outside of residency.

Work on paying it off after you’re an attending. Focus on your residency.

Definitely use the break between the end of school and the start of residency to do nothing and relax. I did that - and even still the first year of residency hit me like a Mike Tyson punch to the face. I can only imagine how much worse that would’ve been if I went from not having a break after 4 years of school and working through the “break” period.
 
I moved home for a couple of months to save money. If you have family(not married yourself) you should do that. Probably be the last time you spend with your family for an extended amount of time for the rest of your life
 
Don't go on vacations, don't eat out in restaurants unless you're working in one. Rice and beans, beans and rice. Bare minimum. Sell anything or everything...so much that your kids (if you have them) think they're next. Side hustle, side gigs and all. Uber, food delivery, mow the lawn, gardening, walking the dog, or whatever it takes to make you money. Then become the foot and ankle surgeon and fellowship trained whatever comes next.
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I did plumbing after graduation for extra cash. I don't recommend it cause read heybrother's #1. Used that money to take my family on a small vacation. And then I made sure I was available around April-ish to get on-boarding things ready.
 
Trust me. I think about it all the time. If it wasn't so physically demanding I would.
I was a plumbing helper in my younger years as well and debated the apprentice route before the recession hit and I got laid off. Digging underground outside in the winter isn't exactly a good time though and the old timers were beat down. It's good money if your body can handle it like most skilled blue collar jobs.
 
I was a plumbing helper in my younger years as well and debated the apprentice route before the recession hit and I got laid off. Digging underground outside in the winter isn't exactly a good time though and the old timers were beat down. It's good money if your body can handle it like most skilled blue collar jobs.

Bro I'm pretty sure I pulled my back related to the job. Never again.
 
2. The common wisdom, right or wrong, is that this is the last opportunity you'll have for a long time to take time off, relax, or visit family. My program was needlessly anti-vacation and I didn't see my family until Christmas of my 2nd year. If you've got someone to see - now is the time.

Same boat. Residency was brutal from day one. Only started to ease up a bit during 3rd year. Fellowship was like all 3 years of residency slammed into one, maybe more. Enjoy your month or two break, it might be the last one you get for a long time. My next meaningful break after finishing school was between my 1st and 2nd job, took two months off. It was an absolute dream and I enjoyed every second of it
 
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