What to Do and What NOT to Do with Your First Paycheck

In this episode of Next Gen DDS, Wes and Scott discuss what young doctors should be doing with their first paycheck. For most doctors, their first paycheck will be the largest sum of money they've gotten at one time, so it's important to make sure you're doing the right things with it to set yourself up for success.How much should you be saving? What's the best way to save for retirement? Is it okay to be regularly financing your purchases? What insurance coverages does a doctor need?All these questions and more will be answered on this episode!Want to submit a question for Wes and Scott to answer on the next episode? Submit them here or give us a call at 704.424.9780.If you're not already, subscribe to The McGill Advisory newsletter to stay up-to-date on all things practice management, tax saving, and more! Students and residents- sign up for your FREE membership here. Listen to our sister show, Drilling It Down! Listen as our expert advisors break down pertinent business topics for dentists and specialists, including investment commentary, reaching financial independence, and how to run an efficient practice.