Today’s post strikes deep into the heart of the message on this site. Some people attack doctors who plan to achieve early financial independence and retire early. In fact, I’ve seen some people say that its wrong for doctors to retire early. Them is fighting words to me. Agree? Disagree? Come find out.
Today’s post hopes to answer the following question: As doctors, why do we have a target painted on our back by financial professionals? Let’s talk about five targets that doctors provide. Hopefully, through this discussion, you will be more aware of how and why people aim to steal a part of the pie that is rightly yours.
There are a lot of reasons why doctors make financial mistakes. Many of them – that I am going to spend some time disproving today – were caused by lies, myths, and otherwise untrue statements that are told to us. Today we will dispel four lies about money that are told to physicians, which prevent them from making the right choices.
Our networth exploded this year because we have been living on 20% of our income, which was only possible because we didn’t buy a house. In fact, the more that I think about it, the more I realize that buying a house after residency is likely the number one reason physicians take so long to reach financial independence, if they reach it at all. Today’s post discusses our thought process.
s I was watching one day, it started to amaze me how comfortable the birds were jumping from post to post on the feeder or from branch to branch. Often times at a distance taller than the bird itself. It dawned on me that the reason they are so comfortable taking this risk was because they knew if they made a miscalculation, they had wings. Today, we talk about how side hustles give us wings – and asset protection.