What Advice Would You Give to a Doctor?

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As a doctor, we need to see our value. When your income is really small and you don't have a big shovel to make big moves on your financial future, to look at that is time to build up your defenses. To educate yourself and be ready so that when your income goes up by five x, you know what to do with it. And there's not always a right answer to all these questions, but the right answer that everybody can agree on, i's being intentional and having a plan. So congratulations. Your story will be very inspiring to others, i'm sure. Thank you very much.

We are celebrating this oncologist who got back to broke 6 months out of training. He went from a net worth of $-128K to $+210K net worth in 1.5 years. Getting back to broke as a physician is a big deal! He discusses his “lifestyle inoculation” that helps them purposely spend their money to bring them happiness. Being so intentional in their spending has allowed them to build wealth quickly. You can be intentional too with your spending. See how to avoid the trap of lifestyle creep here. https://www.whitecoatinvestor.com/how-to-avoid-the-traps-of-lifestyle-creep/

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The White Coat Investor has been helping doctors with their money since 2011. Our free financial planning resource covers a variety of topics from doctor mortgage loans and refinancing medical school loans to physician disability insurance and malpractice insurance. Learn about loan refinancing or consolidation, explore new investment strategies, and discover loan programs for specifically aimed at helping doctors. If you're a high-income professional and ready to get a "fair shake" on Wall Street, The White Coat Investor channel is for you!

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