A Service For Doctors To Assume Control Over Their Finances

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Teach Me To Fish

I want you to own your financial life, because I used to be you.

I always had an excuse why now was not the right time to learn about money.

Maybe you accumulated debt from your education, a home, a car, or credit cards.

On a doctor's high income, you'll always have enough.

Maybe your career in medicine is too time-consuming.

Too busy saving lives to learn about money.

Maybe you're smitten, married, or have a kid?

Too busy being goofy in love, or taking the little guy to the park.

Maybe you've got a financial advisor - your friend's husband from med school.

Too confused by specialist jargon your advisor uses in meetings! If your investments tank, at least it won't be your fault.

Burnout prompted me to ask out how much money I needed to exit medicine.

I learned how to answer key money questions:

  • What are my annual expenses and savings?
  • What is my net worth?
  • What target net worth would be enough to sustain my lifestyle?
  • How many years will it take to reach this goal?

The hard part of investing is avoiding mistakes.

One of those mistakes was paying our advisor too much to do a job that I could do myself.

I learned the steps to build a simple portfolio:

  • Assess risk tolerance.
  • Create an appropriate asset allocation (ratio of stocks to bonds).
  • Rebalance periodically to maintain the ratio.
  • Minimize cost using passively managed index funds.

Do-It-Yourself investing can be simple, elegant and inexpensive.

You can reduce complexity and build a portfolio that gets you where you want to go.

It's scary to manage your own money. Until it isn't.

It was scary the first time I placed a chest tube, performed a spinal tap, or intubated a patient. Until it wasn't.

If I give you a fish, you'll eat for one day.

If I teach you to fish, you'll eat for life.

Some people take their financial journey solo.

Others prefer a guide.

If you'd prefer help in assuming control of your financial life, please check out my Services page.

Thank you.