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Transition Tuesdays Seminar Series - Financial Planning for Residents

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Room 11116 Postgraduate Medical Education Dean's Office Conference Room

11th Floor, Diamond Centre Bldg., 2775 Laurel Street

Vancouver, BC V5Z 1M9

Canada

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Running its third year, the Transition into Practice Program will be offering the Transition Tuesdays Seminar Series. These monthly one-hour workshops, held every first Tuesday of the month (except in January it be will the 2nd Tuesday and none in the month of May), will cover a wide range of topics on everything from financial planning and investing to billing to managing your office. Residents in all levels are welcome to attend.

The seminars are presented by industry experts as well as UBC educators. A good portion of time is alloted for Q&As.

The workshops are offered in person and via WebEx/VC anywhere technology.

Seating is limited so please register early. Light supper is served from 5:30 PM.

Presenter: Greg Lee Son, Early Career Specialist, MDFM

Research has shown that regardless of socio-economic background, Canadians who engage in comprehensive financial planning with a professional have higher levels of financial and emotional well-being. Those with comprehensive financial plans also believe that when their financial goals and retirement plans are on track, they will be more confident about meeting unexpected financial challenges.

This seminar will unravel the concept of financial planning and the comprehensive approach physicians typically use to meet financial goals, needs, and objectives. Explanation of net worth and cash flows concepts will help residents better understand their financial status. Using typical examples of short- and long-term goals for residents will help put concepts into perspective.

As debt is typical for most residents, discussion will also touch on debt management and strategies to reduce debt to manageable levels. Also, information on credit management will be included to show the need for self-management of personal finance.

Competencies: Professional, Manager

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Room 11116 Postgraduate Medical Education Dean's Office Conference Room

11th Floor, Diamond Centre Bldg., 2775 Laurel Street

Vancouver, BC V5Z 1M9

Canada

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