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Medical Professor’s Financial Planning

Medical professionals ultimately win the money game though they start earning little late. Their high incomes get them 60% of the way. If they just manage to do a few things right, they will be financially successful. Medical professionals’ cash flow, risk management and retirement solutions are multi-dimensional, so it should be handled very carefully.

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Medical Professor’s Financial Planning

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  1. Medical Professor’s Financial Planning Clear goals increase persistence and self-efficacy, making individuals less susceptible to the undermining effects of anxiety, disappointment, and frustration (Schunk, 1990). Medical professionals ultimately win the money game though they start earning little late. Their high incomes get them 60% of the way. If they just manage to do a few things right, they will be financially successful. Medical professionals’ cash flow, risk management and retirement solutions are multi-dimensional, so it should be handled very carefully. Medical professionals literally have no time as they trade their time to ease people from pain and suffering which don’t come in fixed time. It’s everyone’s dream to achieve financial independence but it doesn’t usually just happen. Secret is to start with a detailed plan, and commitment to do what it takes. Whenmedical professionals need help planning for their financial future, identifying the right financial planner for doctors is as critical as choosing specialization. Good financial planner will:  Engage you with Fiduciary Care  Evaluate your current financial position  Edify you Identify & Prioritize Goals  Explore options, avenues and tools  Engineer Solutions and Strategies  Empower you throughout the journey Many confuse investment/wealth management with financial planning for doctors. Wealth management is part of financial planning but not the other way around. Financial Planning addresses Cash flow management, Debt Management, Tax Planning, Practice and Asset Protection, Financial needs & Goals, Retirement woes, estate& Legacy planning and many other personal financial matters. SPECIALIZATION is the order of the day. Don’t take a plan from a product seller to avoid potential conflict of errors and being a victim. Go with a person who understands specific intricacies of physicians’. They only can give customized solutions from residency to retirement. Always go with fiduciary advisor. Wealth Traits Financial Planners, No. 9, Maven Projects Centre, Dr. Thirumoorthy Nagar 3rd Sreet, Nungambakkam, Chennai - 600 034 info@wealthtraits.com www.wealthtraits.com

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