Finance Unplugged: What every dental student wants to know

Описание: 💰 Money questions in dental school? Gain valuable insights and answers.

In this video, our expert panel tackles the top financial questions Canadian dental students face—from managing student debt and saving money to insurance basics and taxes. Whether you’re in dental school now or preparing to enter practice, this is must‑watch guidance for your financial future.

▶️ Watch now to learn:

✅Debt vs. investing: How to balance paying down loans with getting started on savings.
✅Protecting your future income: The essentials on disability and life insurance.
✅Smart banking basics: Making the most of your student line of credit without hurting your credit score.
✅Tax & recordkeeping: Tips to set you up for graduation (and beyond).

🦷 Built for Canadian dental students.

#DentalStudents #DentalSchool #StudentDebt #FutureDentist

Chapters:

0:00 Welcome
3:41 Why dental students need a financial plan
4:58 How should dental students balance paying down debt with saving and investing early?
8:10 What do students need to know about RRSPs, TFSAs, FHSAs, etc.?
15:18 What kind of insurance do dental students need?
18:23 What are some common insurance myths?
23:25 What tax habits should dental students start now?
27:29 What are the risks of using a student line of credit to invest? How does it affect your credit?
32:20 What types of insurance coverage are important when starting to practice?
41:33 What’s one tax mistake new grads regret not knowing sooner?
43:32 Should new grads incorporate as soon as they start working?
47:32 As dentists move from student to associate to owner, when do tax strategies like income splitting start to come into play, if at all?
49:02 Are there part-time insurance rates for dentists who only practice part-time?
49:45 If you could give dental students one tip around finances, what would it be?
53:46 Is it worth working part-time as a student and paying off some of the line of credit?
55:03 If you want to purchase a practice within 15 years after graduation but also want to purchase a home in the same period. Are there implications/complications with borrowing money for either?
57:49 Life insurance can be assigned to the bank, does it mean that I don’t have to pay for mortgage insurance?
58:29 How do you find someone to make this personal financial roadmap. What do you ask them?
59:49 Can you use your Line of Credit towards a downpayment to buy a house?

Disclaimer The information and opinions contained in this presentation are provided as of the date hereof and are subject to change without notice. They are for informational purposes only and are not intended to provide financial, legal, accounting or tax advice. Information in this presentation is not designed to replace the advice of a qualified professional regarding the suitability of any insurance and/or investment product or strategy for a particular individual. You should seek professional advice personalized to your circumstances before acting on any information provided in this presentation.