Becoming a proficient medical professional leaves little time to figure out the financial side of things. With the abundance of propaganda and misinformation in the healthcare professions today, I thought it worthwhile to dig into “8 Reasons Doctors Suck at Money” by Jim Dahle of the White Coat Investor.
Listen in to learn how to create financial autonomy as a medical professional. From lack of financial training to lifestyle creep and time management, you’ll come away with plenty of key ideas to apply to your own finances.
Minute Markers:
- 1:05 – Who Jim is and the importance of bringing clarity into finances for medical professionals.
- 3:18 – Eight reasons why doctors suck at money.
- 5:44 – The problem with the financial training (or lack of it) that doctors get.
- 9:10 – Why you can make time for what matters.
- 14:17 – The power of high income on financial independence.
- 17:07 – Why it’s crucial to have constraints and a plan in place.
- 18:95 – The debt problem and how it often gets out of control.
- 20:10 – How to release the weight of expectations.
Featured on the Show:
#dentists #doctorsinvesting #financialfreedom #investing #medicalprofessionals #physicianfinances
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P.S. Whenever you’re ready, here are some other ways I can help fast track you to your Freedom goal (you’re closer than you think) :
1. Schedule a Call with My Team:
If you’d like to replace the earned income you need from your practice with investment income in as little as 2-3 years, and you have at least 1M in available capital (can include equity or practice sale), then schedule a call with my team. If it looks like there is a mutual fit, you’ll have the opportunity to attend one of our upcoming member events as a guest.
2. Become a Full-Cycle Investor:
There are many self-proclaimed genius investors today who think everything they touch turns to gold. But they’re about to learn the hard way what others have gained through “expensive” experience. I’m offering a report on how to become a full-cycle investor, who knows how to preserve and grow capital in Up markets and Down markets. Will you be prepared when the inevitable recession hits? Get your free report here.
3. Get Your Free Retirement Scorecard:
Benchmark your retirement and wealth-building against hundreds of other practice professionals, and get personalized feedback on your biggest opportunities and leverage points. Click here to take the 3 minute assessment and get your scorecard.
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