10 Reasons Doctors Spend Too Much Money
Doctors routinely spend too much money. Why do you suppose that is? It's not because they're stupid, at least most of the time.
Doctors routinely spend too much money. Why do you suppose that is? It's not because they're stupid, at least most of the time.
You might not be rich yet, but you will be. How do I know? Because you're here, and personal finance is only 20% knowledge. The rest is behavior, and you have the right behavior.
You've heard of the Millionaire Next Door. But have you heard of the Rich Doctor Across the Hall? She's heard of you, and she's not impressed.
We've been in every tax bracket and McDonalds used to be a special treat. We certainly NEVER expected to have a seven-figure income. Here's what it's like.
Don't work on offense when you should be working on defense and vice versa. Get a good job, put your systems in place, THEN boost income.
Some people don't like investing in index funds in retirement accounts. I don't have a problem with a little marketing hype, but when the facts are wrong I'm going to call you out on it.
Doctors can't spend nearly as much as they think if they eventually want to become wealthy. Resist the temptation!
Basketball star Shaquille O'Neal not only got a doctorate, but he also became adept at turning his income into real wealth. Learn his lessons here.
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Doctors have to be thrifty too. It doesn't matter how much money you make, you can always spend more.