Young DoctorsYoung Doctors embarking on a professional career are inundated with concerns – from paying down debt to taking over a new practice and potentially starting a family. There is a natural urge to delay learning about financial management until later.
But, the earlier young doctors can focus on these matters, the sooner they can start enjoying their life to the fullest. To help Young Doctors, we have developed a financial planning service specially tailored to their unique concerns.
Our ProcessWe start by gathering background information to get an understanding of your current financial picture, both personal and within your practice. We will recommend ways to refinance student and business loans and begin a long-term savings plan.
Even if pre-paying high interest rate debt is the most sensible approach, we will always recommend at least a small amount being invested for long-term growth. There will always be compelling uses for your money – from buying a new car, to taking a nice trip or updating your home. The goal is to get into the habit of saving some money each year – starting at a young age. When it comes to building wealth, three things matter most — how much you’re saving, your rate of return and how long you are doing it. Of those three, time is your greatest asset, and it’s vital to start the savings habit early.