S2, EP7 Financial Independence for Physicians episode artwork

EPISODE · Mar 9, 2023 · 3 MIN

S2, EP7 Financial Independence for Physicians

from Doctors Take the Mic · host Gloria Wu MD

The millenials are talking about FIRE which is the acronym for "financial independence retire early."  However physicians do not graduate medical school and finish their training until age 30 so we are already 8 years behind our colleagues in business or real estate or law.  How do we catch up? First off, many physicians are employed by large networks with healthy retirement packages and they do not have to worry.  Other physicians started with stocks and bonds in their twenties and thirties.  Yet others buy their own home and then start investing in real estate for their offices or surgical centers. What about physicians who have a pension plan but want more so that they can retire early? Most physicians have access to financial planners and some start dabbling in real estate in their 50's and 60's and catch up. Some do options and some do cryptocurrency.  Success and disaster stories exist so buyer beware.  Do call a certified financial planner if you have questions.  This podcast raises the questions for all of us who are physicians.

Episode metadata supplied by the publisher feed · Published Mar 9, 2023

Embed this episode

Ready to play

S2, EP7 Financial Independence for Physicians

0:00 3:57

No transcript for this episode yet

We transcribe on demand. Request one and we'll notify you when it's ready — usually under 10 minutes.

No similar episodes found.

No similar podcasts found.

Frequently Asked Questions

How long is this episode of Doctors Take the Mic?

This episode is 3 minutes long.

When was this Doctors Take the Mic episode published?

This episode was published on March 9, 2023.

Can I download this Doctors Take the Mic episode?

Yes. Use the download control on the episode player to save the publisher-provided media file.
URL copied to clipboard!