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A Doctor’s Financial Advice

Compared to other professionals, doctors invest a lot many years in their education. Initial earning years come with huge education loan repayment and practice set-up cost. They start earning properly only from early to mid-30s.This deprives them early mover advantage in terms of investments for their future goals. Power of compounding does magic only on long run.<br>Monthly

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A Doctor’s Financial Advice

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  1. Doctor’s Financial Consultant A doctor is a person who provides expert advice professionally on health. As an expert consultant himself he knows the value a consultant. Since doctors are so focused in their consulting profession they have relatively little time to concentrate in managing their personal finance as it is a different expertise that is beyond the realm of a doctor. The greatest constraint for a doctor these days is time. He could not afford to spend time on managing his financial areas which itself is totally another domain. But it is a vital area in achieving his future financial goals. It is also a challenge for a doctor to identify the right expert who can guide him towards his goals. ‘Financial Consultant’ is a term that has been used by a lot of people these days. But the real expertise lies within a few among them. Certified Financial Planner (CFPCM) is the personal finance experts in India. They can give a holistic and comprehensive approach to achieving one’s future financial goals like retirement, children’s education and marriage as well as business goals. About 2/3rd doctors practice on their own, which turn them as small business owners. Financial consultant for doctors needs to have expertise in servicing small business owners or doctors. They will be able to segregate personal and professional cash flows, strategize to manage debt better, protect your practice & assets, optimizes tax and aligns your risk profiled investments to goals. Moreover they empower you with ABCs of personal financial advisor for doctors so that you can take well informed decisions ignoring external noises and emotions. Wealth Traits Financial Planners, No. 9, Maven Projects Centre, Dr. Thirumoorthy Nagar 3rd Sreet, Nungambakkam, Chennai - 600 034. +91 90030 55599, +91 94455 18009 info@wealthtraits.com / www.wealthtraits.com

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