Part 2: My Personal Financial Management Strategies After Dental School, 7.10.22

I’m finding that even though I did sell my endo motor & supplies for a decent $2,550, I’m predicting it’s going to be the consistent selling of smaller items, such as this, that make the difference. Here’s why: My resident salary earns about $3500 monthly and my rent is $2750 each month. (I live right across the street from the hospital(s) I work at, in order to save time. Time is the #1 asset and by living close I keep as much time as possible for my personal life, including learning omfs/residency topics, family/friend time, personal endeavors.) Luckily my covid deal got 2 months off each year for 1 more year, to bring down the overall rent a bit, but my goal is to achieve a sustainable operation on a low budget to clear the rent, grocery, errand expenses easily. Clearly it’s super tight month to month and if I want a little wiggle room I have to find ways to create it. Breaking it down, I make $1750 biweekly, and work 6 days weekly on average - so that means 1 day’s work for me is about $150. If I sell 3 of these scrubs for $65 ($50 profit) that’s a day’s work for me. Hence this is what I meant above, that the smaller, consistent items may be a great strategy. I think we all would appreciate a little more wiggle room, financially. These videos will show the processes I’m currently going through to see what we can all do to create the changes we want. ***The most important thing here is that, regardless of how much money is made selling, or what gets sold, this process is a form of active training for myself on financial management. It’s teaching me what items are worth, what items I personally need vs don’t need, as well as learning about supply vs. demand and how to come a little closer to find a “passive revenue”-generating system. The goal is not to sell on eBay forever- it’s to generate enough to eventually put for investments etc. The pyramids weren’t build all at once; they began with strategically placed blocks at the bottom, which were built upon. These videos are those blocks to me. If you have ideas or thoughts let me know! Can comment or DM, which ever you prefer. Thanks for watching, listening and reading friends, -Brendan 🤙 7.10.22