Grand Rounds - Financial order of operations with Brian Preston, CFP
Financial Residency
Financial Challenges and Strategies for Doctors
This chapter delves into the financial hurdles that doctors face due to their delayed entry into the workforce, cautioning against immediate extravagant spending post-earning. It warns about the allure of complex financial products marketed towards high-income doctors and emphasizes the importance of sticking to simple strategies like investing in index funds. The chapter provides a structured financial order of operations, outlining steps from addressing high-interest debt to building emergency reserves and maximizing tax-free growth opportunities.
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