Grand Rounds - Financial order of operations with Brian Preston, CFP
Financial Residency
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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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