Story at-a-glance Even on a resident’s salary, you can protect up to $15 million in future income with smart planning.Graded premium policies start under $100/month, with the option to lock in a level rate later.Multi-life discounts can save up to 40% for female residents when three or more

Story at-a-glance Many physicians struggle with personal finances because they don’t treat them like a business.The goal is to create a consistent cash flow surplus—just like a successful company does.Set up a dedicated system and workspace to manage finances regularly and with intention.Go

Story at-a-glance High income doesn’t equal wealth—many doctors struggle financially due to poor savings habits and lifestyle creep.Your career is a long-term asset, not a lottery ticket—wealth builds slowly, not overnight.Avoid overspending early in your career—cars, homes, and vacations can

Story at-a-glance Budgeting is the foundation of cash flow control, helping physicians build wealth after years of training and delayed earnings.Preparation matters—set up a dedicated space, gather financial records, and approach your budget with a focused, business-like mindset.Start with a

Story at-a-glance Physicians often invest too cautiously, which can limit long-term growth and jeopardize retirement readiness.With less time to save and longer retirements ahead, physicians must overcome inflation’s impact on purchasing power.Safe investments may feel secure, but returns that

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 = financial setbacks—aim to set aside $500/month to prepare for life’s inevitable surprises.Credit card misuse is a silent trap—use only

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 already maxing out their qualified retirement contributions.Annuities are long-term

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 accounts for specific goals like a home, car, emergency fund, or retirement.Track each goal individually, adjusting contributions as