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Docs Outside The Box

216 - I’m a busy resident/doctor! How do I start Investing?

Docs Outside The Box

Dr. Nii Darko

Career, Education, Doctor, Medicine, Careers, Job, Business, Health & Fitness, Finance, Investing, Premed, Black, Money, Lifestyle, Mindset

4.9516 Ratings

🗓️ 1 March 2021

⏱️ 66 minutes

🧾️ Download transcript

Summary

SEND US A TEXT MESSAGE!!! Let Drs. Nii & Renee know what you think about the show! There’s a lack of investment confidence within the medical profession. Let's face it, most of our time is dedicated to patient care, with little time left over to learn a completely new subject. You may be thinking to yourself "I want to invest, pay off my student loans and retire early, but something’s holding me back!" I used to think that way and what was holding me back - I was scared to lose mo...

Transcript

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0:00.0

All right, I'm very excited to have Dr. Hans Bwattang, the investing tutor coming on the show.

0:06.4

Dr. Hans, welcome to docs outside the box.

0:08.8

Yeah, Dr. Neat, thank you for having me.

0:10.8

Very excited for our discussion today.

0:12.8

You're excited.

0:13.4

So listen, I heard you last week or two weeks ago on Farnoose Tarabi's Soul Money podcast,

0:18.8

and the way in which you described and analytically described

0:22.9

the whole GameStop fiasco, as well as Robin Hood and how all of this stuff works with hedge fund

0:28.9

managers, I took a flyer and I was like, look, I'm going to try to reach out to him and see he's

0:33.6

got a lot of followers on Twitter, on Instagram, and I'm going to see if he's going to

0:37.5

respond. And you responded, and I'm really excited because I really want you to take that

0:42.9

same approach with describing to our listeners, the med students, the residents, as well as

0:50.0

the young attendings, how analytical, I guess, and how to really understand the basics of investing.

0:57.5

Yeah, I think it's very important. For me, people in my community, immigrants, minorities,

1:05.1

and also, when you look at healthcare, most individuals in healthcare, they kind of go to school and they are never

1:12.7

exposed to accounting or personal finance or investing. So for that cohort of individuals, I mean,

1:21.1

obviously as a doctor or pharmacy student, I feel that this gives and grants me an opportunity to be able to have that dialogue,

1:32.2

right, so that we can look at things from, okay, what are the facts when it comes to money

1:37.9

and investing? What do these individuals need to know? And how can they truly build wealth without that fear of the

1:46.7

unknown? I think that fear comes from obviously the fear that's an emotion, right? And that emotion

1:54.5

comes from tabloids, from news, from experiences. And in many regards, it's irrational, right? Like, I have that type of feeling with money

2:03.7

initially, right? For example, like when we were in New York, growing up in New York, my family's

...

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