You are in the early stages of your journey as a medical professional, and planning for life after work is probably the last thing on your mind. But consider this: Over the coming years, your income will likely increase significantly, and you’ll become accustomed to a certain lifestyle. At some point, you will decide to stop work, and we want to ensure that stopping work doesn’t mean stopping your preferred… Read More »Your Journey Begins
1. Live on Less Than You Earn – Aim to Save a Minimum of 10% of Gross Income Use a reliable app to track your monthly income and categorise expenses. Understanding your cash flow helps identify areas for saving or reallocation. Pay yourself first – save before spending what’s left. This is key to financial planning for doctors. 2. Use Debt Sensibly to Build Wealth Minimise bad debt by prioritising… Read More »10-Point Money Checklist for Doctors
One of the keys to financial success is to adopt the right strategy at the right time. As you move through the stages of life here are some tried and tested ‘secrets’ that will help you build and protect your wealth. Teens and young adults Time is on your side so get saving. Through the magic of compound interest, a little bit invested now can grow into a big amount… Read More »Unlocking financial secrets for different phases of life
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