Educate yourself about your finances

Patty Scrase, Senior Manager, Professional Banking at Scotiabank recommends that medical students, residents, and physicians learn as much as they can about managing their finances. While it’s best to consult financial professionals (accountants, lawyers, financial planners) when making key decisions about your future, there are many resources available for beginners that can help you better understand the terminology and concepts involved in personal financial management, incorporation, and professional banking.

Recommended reading:

The Wealthy Barber, by David Chilton

Start Late, Finish Rich, by Dave Bach

Professional Corporations: The Secret to Success, by Tim Paziuk

 

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