Generational Wealth MD

Behaviors That Ruin Your Finances

July 31, 2023 Param Baladandapani MD
Generational Wealth MD
Behaviors That Ruin Your Finances
Show Notes

When you think of physicians or other high-earning professionals, you instinctually assume that they have high net worths, right? 🩺

Well, according to a 2022 Medscape survey of over 13,000 physicians, they found that only half of them reported a net worth of over $1,000,000, and that typically wasn’t until the age of 55. ⏳

So the question is, where’s the breakdown between income and net worth happening? 🤔

In this episode, we’ll take a look at five of the most common biases and behaviors that ruin the finances of so many of us physicians. I’ve put this list together through a combination of my own experiences and the hundreds of conversations I’ve had with doctors, and I think you’ll be surprised by the simplicity of the problems as well as their fixes. 🧰

So enjoy, and please consider subscribing and liking the episode! This helps me support more people -- just like you -- to accelerate to financial freedom and move toward the life they desire. 🙏


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