There's no getting around it. The COVID-19 pandemic has, or will if it hasn't yet, transform our lives. Hopefully, you won't be affected physically by the virus, but there is a chance that even as physicians in high demand you might be infected financially.
When one is in a state of panic mistakes are more likely to happen, especially if you spend too much time watching cable news!
In this blog we'll share five common mistakes people make during a financial scare like the one many are now going through or heading into.
5 financial mistakes to avoid.
Mistake #1: Going deeper into debt.
This is by far the most common mistake people make. It's all too easy to get out your credit cards when you need help during a challenging time. The bigger problem is not the short term problem of using credit, but is instead the long term effect this will have on your goal of getting out of debt and becoming a DFMD.
Many of you probably have cash on hand to weather the storm,...