Financial Advisors for Physicians:
Expert Guidance for Your Financial Journey As a physician, managing your finances effectively is crucial for your long-term financial security and achieving your goals. With the complexities of your profession and the unique financial challenges you face, seeking guidance from a financial advisor specialized in serving physicians can be invaluable. These advisors understand the intricacies […]
Guide To Buying into A Medical Practice
The medical practice buy-in process involves a physician or group of physicians joining an existing group practice as partners or shareholders. Here’s a quick summary of the typical steps involved: It’s important to note that the specific steps and timelines can vary depending on the circumstances, the size of the practice, and the agreements reached […]
Here’s How Much Money Pediatricians Earn in 2023
A pediatrician is a medical doctor who specializes in the healthcare of infants, children, and adolescents, typically up to the age of 18. They are responsible for providing medical care to children, including preventive care, diagnosing and treating illnesses, and managing chronic medical conditions. Pediatricians perform routine checkups to ensure children are developing properly and […]
How to Protect Your Retirement From Lawsuits
Are IRAs protected from lawsuits? What is an IRA, and how does it relate to retirement plans An IRA, or individual retirement account, is a type of retirement savings account that individuals can set up and fund independently. IRAs are a popular option for those who don’t have access to employer-sponsored retirement plans such as […]
Passive Income For Doctors: A Complete Guide To Passive Income Streams
Passive income streams refer to ways for Doctors to earn money without actively working for it or quitting their full-time day job. For doctors, these side hustles may include investments in real estate, dividend-paying stocks, or creating an online course or information product that can be sold repeatedly. ‘ Doctors with passive income sources can […]
How To Start Your Own Medical Practice In 10 Steps
Starting a private medical practice in healthcare gives you the opportunity to be your own boss. Still, it involves various tasks, including business planning, market research, financial management, regulatory compliance, credentialing process, and startup costs. Also, you want to ensure you’ve completed the small tasks like setting up your business entity to have a valid […]
Budgeting Tips for Low-Income Doctors in a High Cost of Living Areas
Doctors and Physicians heal the wounds of their patients. If there is any way they need treatment, it can be in financial literacy. Finance and medical professions are poles apart. A key area of financial planning is budgeting. Since the disastrous events of coronavirus last year, many practices are struggling to find their way back […]