Do you have a plan for your life?
As a physician today, you face far more uncertainty in your future income than physicians in the past. They used to tell the generations before you to become doctors so that they could be financially secure for their whole lives, but things are beginning to change. Reimbursements are decreasing and the cost of your education may have left you with a large debt, while changes in practice ownership, private switching over to systems, is sweeping across the country.
All these changes and pressures require you to be more and more astute and precise with your career goals. While you have spent years becoming an expert in medicine, your training of financial management may not have kept up. With so many choices and so many hidden fees, doctors are easy targets to earn hefty commissions from.
Most of us are busy with work, family and life, so sometimes we don’t keep up on our financial plan and ensure we take all the necessary steps to build a strong financial future. Building the right kind of strong foundation can make a difference of millions of dollars in our accounts over a lifetime, which means that spending the time now can make all the difference.
Take a look at the power of compounding. As you read this story keep, in mind the opposite side of the story and how much others make when you pay interest. The Power of Compound Interest
I don’t sell any products so I have your best interests at heart. Let’s get started with a strong financial plan, taking all the correct steps to ensure a strong financial future.
Rocky