Why Doctors Don’t Get Rich Story

Why Doctors Don’t Get Rich

I recently attended a weekend conference focusing on family, legacy, and wealth. There were a lot of rich people there, but there weren’t a lot of doctors.

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One of the speakers that weekend actually is a doctor, although, like me, he’s reached financial independence and hasn’t seen an O.R. in a couple of years.

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He read it cover to cover, flew out to meet the author weeks later, and the two have remained friends for over 20 years. The first Rich Dad Poor Dad reader became a Rich Doctor.

If you know anything about Robert Kiyosaki’s approach to wealth, then you probably know that real estate played a prominent role in Tom Burns’s path to riches.

He wrote Why Doctors Don’t Get Rich to help others reach their goals while hopefully making fewer mistakes than he did.

The heart of the book is devoted to teaching the reader the rules of the money game: how to think about different investments, mitigate risk, manage taxes, and protect your assets.

Where We Differ

To the author’s credit, he does write extensively on how to mitigate known risks by talking to the right people, asking the right questions, using leverage appropriately, and generally perfor ming adequate due diligence. Read More

The author reminds doctors of the bullseye they all carry and advises them to become educated in financial matters. I couldn’t agree more.

The Real Reason Doctors Don’t Get Rich

The reason many doctors will never be rich is that they don’t take the time to read a book like this. They don’t think enough about what matters most in life and how to prioritize tho se things. Read More

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