White Coat Investor Podcast

WCI #378: Marketing Your Practice

8 snips
Aug 1, 2024
Marita Mccahill, an expert in online marketing strategies for medical professionals, shares valuable insights for doctors looking to enhance their online presence. She emphasizes the importance of managing online reviews and personal branding to attract new patients. The conversation also covers how healthcare providers can leverage patient referrals and improve their marketing efforts, regardless of practice type. Marita offers practical strategies to build trust and drive growth in the digital age, making marketing accessible for all medical professionals.
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INSIGHT

Income vs Wealth in Medicine

  • Understanding the difference between income and wealth is crucial for financial success.
  • Wealth is measured by net worth, not just high income, which many doctors confuse.
ADVICE

Save and Invest for Net Worth

  • Save at least 20% of your income and invest intelligently early in your career.
  • This habit can grow your net worth to match your career earnings by retirement.
ADVICE

Rollover Roth 403(b) to Roth IRA

  • Roll over your Roth 403(b) to a Roth IRA after leaving your employer to avoid taxes.
  • This transfer is simple, tax-free, and preserves your retirement savings.
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