Top 4 Financial Mistakes Young Physicians Make
Story at-a-glance Skipping a budget leads to overspending—build the habit early to gain control and create room for both needs and wants. No emergency fund
Helpful Life Insurance Advice for Physicians
Story at-a-glance Buy life insurance for the right reason—to give your family financial stability, not just to check a box. Don’t guess your coverage needs—use
Debt Management for Physicians
Story at-a-glance Start with a strict budget—track spending, prioritize debt reduction, and cut non-essentials to free up cash. Commit to paying down debt by at
Are Annuities Right For Physicians?
Story at-a-glance Annuities offer guaranteed income and principal protection, making them attractive during times of market uncertainty. Tax deferral can benefit high-income physicians, especially those
A Little Knowledge Can Make Physicians’ Lives Less Taxing
Story at-a-glance Most physicians overpay taxes without realizing it, often giving the government an interest-free loan via large refunds. Adjust your withholding to match your
How New Physicians Can Achieve Savings Success
Story at-a-glance Saving with purpose is more motivating than saving “just because”—tie each dollar to a goal to stay consistent. Set up separate online savings
Physicians Can Hire a Money Doctor to Cure Personal Finance Woes
Story at-a-glance Most physicians struggle with personal finances, from budgeting to bill paying—not from lack of intelligence, but lack of time. Daily Money Managers (DMMs)
Warning to Young Physicians: Credit Cards can be Hazardous to Your Health
Story at-a-glance The stress of credit card debt is real—linked to serious health issues and long-term financial damage. With average household credit card debt at
Designing a Good Life for Young Physicians
Story at-a-glance Big income jumps often lead to lifestyle inflation, not increased savings—leaving physicians financially stretched despite high earnings. More money doesn’t equal more happiness—clarity
Financial Success for Physicians Begins with a Winning Attitude
Story at-a-glance Money alone doesn’t guarantee control or happiness—even high-earning physicians can feel financially stuck without the right mindset. A winning attitude comes first, not
Obstacles to Building Wealth: Not Running the Practice as a Business
Story at-a-glance Many physicians in private practice lack basic business training, which limits growth and wealth-building potential. Future earnings—not practice equity—are your biggest asset, and
Business Overhead Expense: A Real Risk that Needs a Real Solution
Story at-a-glance A disability can shut down your practice—even if your personal income is covered, your office expenses won’t be. BOE insurance keeps your practice