How to Build Wealth While Surviving Med School (Yes, It's Possible)

Let’s be honest, when most of us got into med school, we didn’t come in thinking about building wealth. We were just trying to survive: keep up with lectures, pass our exams, show up for clinicals, and somehow still have a functioning brain by the weekend.

But somewhere between sleepless nights and anatomy quizzes, reality hits. Med school is expensive. Life doesn’t pause while you’re studying. Bills pile up. And for many of us, the dream of financial freedom feels like something we’ll figure out “after graduation.”

Here’s the truth no one really talks about: if you wait until after med school to learn about money, you’re already behind.

I’m not talking about becoming a millionaire overnight. I’m talking about small, smart habits you can start now, even in the chaos of school habits that will help you graduate not just with a degree, but with financial clarity, peace of mind, and a strong foundation for your future.

Here’s how to start:

1. Change the Way You See Money

Money isn’t evil. Wanting financial security doesn’t make you greedy. In fact, if you want to serve your patients well, you need to be well mentally, emotionally, and financially. Start by treating your finances with as much intention as you treat your studies.

2. Track Every penny (Yes, Even That 100 naria Snacks)

It’s not about being stingy, it’s about being aware. Knowing where your money goes is powerful. Use free apps like Mint or even a notebook. Seeing how much goes into impulse spending (hello, late-night takeout) can help you start redirecting that money toward savings or investments.

3. Find Small Ways to Earn

You don’t need a full-time job to earn something. Consider:

•  Freelancing your skills (writing, tutoring, graphic design)

• Starting a niche content page (YouTube, TikTok, blog)

• Selling notes or guides to juniors

•  Working part-time during holidays

It may seem small, but trust me earning even a little during school gives you confidence, teaches discipline, and opens doors.

4. Learn About Money Like You Study Physiology

Read books, listen to finance podcasts, follow creators who break it down simply. Don’t wait until you're 30 to understand taxes, savings, insurance, or investing.

Some great beginner resources:

• The Psychology of Money by Morgan Housel

• Rich Dad, Poor Dad by Robert Kiyosaki

•  Podcasts like “The Budgetnista” or “Girls That Invest”

5. Avoid Lifestyle Creep

Just because someone else is always buying new scrubs, tech gadgets, or ordering daily deliveries doesn’t mean you have to. Learn to live below your means, it’s hard now, but future you will be grateful.

6. Start Investing Early (Even with Just a Little)

Yes, even as a student. Apps now allow you to invest with as little as $5. The point isn’t the amount, it’s the habit. Compound interest rewards those who start early.

7. Build an Emergency Fund Even if It’s Just for Airtime and Lunch

Life is unpredictable. Set aside a small fund for unexpected days illness, transport issues, or even a mental health break day. It’s your safety net.

Finally 

Med school is overwhelming, I know. Some days, you’re just trying to stay awake in class or get through another ward round without crying. But if you can manage to start showing your money even a fraction of the discipline you show your studies you're already ahead.

We don’t do this for the money, but let’s not lie peace of mind matters. Freedom matters. And you can build both, one small step at a time.

You're not just training to save lives you're also building one of your own. Don’t leave your future self in debt, confusion, or burnout.

Take care of your mind. Take care of your money. You've got this.