Author's posts
Large income doesn’t always result in greater wealth
Meet the doctors: Dr. Emily Carter and Dr. Carlos Martinez. Dr. Carter is a primary care doctor, and Dr. Martinez is an allergist. Both doctors are committed to their medical careers. Dr. Carter earns about $180,000 a year, while Dr. Martinez earns abo…
Is it really necessary to always stay invested in the stock market?
When it comes to personal finance and wealth-building, the phrase “time in the market beats timing the market” is often touted as an unshakable truth. The concept suggests that consistently staying invested in the stock market, regardless o…
Choosing financial advisors for physicians
Did you know that according to research, teachers are more likely than doctors to become millionaires? How is that possible? Well, some of it has to do with the social pressure we face. However, a lot has to do with many of us thinking that because we …
Avoid being an uninformed financial patient
As doctors, we all know that when we care for an informed patient, the conversation is more meaningful, and the patient can make a more informed decision about their care. The same is true in the investing world. We are all very busy, but it is importa…
Little-known facts doctors should be aware of when purchasing the right class of mutual funds
Investing in mutual funds can be a great investment choice for doctors who often have little time to analyze individual stocks. This is especially true for financial planning for early-career physicians. Mutual funds immediately provide diversification…
How to build a financial safety net without sacrificing your lifestyle
Do your friends assume you are a “rich doctor,” and thus you feel pressure to meet that expectation? Do you want to reward yourself after all the years of training and stress with some nice luxury toys? Doctors often find themselves caught …
Don’t become a poor doctor
Do you know what most financial advisors say about doctors and how they manage their money? It is not pretty. I have been in those conversations, and stereotypical doctor stories come out. Impulsive purchases, lack of knowledge, and easy to manipulate …
Doctor burnout: the impact of financial fragility
Feeling burned out is often a function of financial fragility. How is that possible when most doctors earn incomes in the top 1 percent? I am both a physician and involved in finance. As physicians, we often start our careers under significant debt, st…
