• Top 7 Money Mistakes Doctors Make – And How to Avoid Them!

  • Feb 4 2025
  • Length: 11 mins
  • Podcast

Top 7 Money Mistakes Doctors Make – And How to Avoid Them!

  • Summary

  • Doctors are some of the highest-paid professionals, but that also means higher financial risks. Many physicians unknowingly make money mistakes that cost them thousands—or even millions—over time.

    In this episode, Certified Financial Planner Brent Boden breaks down the Top 7 Money Errors Doctors Make and shares smart, practical strategies to help you build and protect your wealth.

    Here’s what you’ll learn:
    🔹 The #1 debt mistake most doctors make with student loans (and how to fix it)
    🔹 How to avoid overspending and lifestyle creep
    🔹 The tax planning moves that could save you thousands 💰
    🔹 Why most doctors under-save for retirement—and how to fix it
    🔹 The insurance policies you MUST have to protect your income
    🔹 How to avoid bad investments & high fees
    🔹 The importance of a long-term financial plan

    🚀 Take the Next Step:
    💡 Get Your FREE Financial Wellness Checkup! Find out where you stand financially and get personalized recommendations 👉 https://bit.ly/FinanceCheckup
    📅 Book a FREE 30-minute strategy call with Brent to create your personalized wealth-building plan 👉 https://calendly.com/brentboden/30min


    🔔 Don't forget to subscribe for more financial strategies tailored for physicians!

    🎯 Timestamps: 0:00 – Introduction
    1:15 – Mistake #1: Mismanaging Money (Debt, Lending, Overspending)
    4:32 – Mistake #2: Not Saving Enough (Emergency Fund & Retirement)
    7:50 – Mistake #3: Failing to Plan for Taxes (Tax-Saving Moves)
    10:22 – Mistake #4: Divorce & Costly Splits (Protecting Your Assets)
    12:45 – Mistake #5: Inadequate Insurance (Disability, Life, Malpractice)
    15:10 – Mistake #6: Investing Without Research (Hidden Fees & Risky Bets)
    18:25 – Mistake #7: Not Having a Financial Plan (Your Roadmap to Wealth)
    20:00 – How to Fix These Mistakes & Take Control

    💬 Have a financial question or topic you’d like covered? Drop a comment below! Let’s make smart financial decisions together. 👇 #PhysicianFinance #DoctorsWealth #FinancialFreedom #MedicalDebt #TaxPlanning #WealthManagement #CFP #InvestingForDoctors #RetirementPlanning #MoneyMistakes #PhysiciansFinancialCheckup


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