The doctors’ lounge or surgeons’ lounge is a really interesting place to hang out and just listen. It’s a great place to get friendly with your colleagues and even to network professionally. Unfortunately, it is also just a terrible, terrible (insert Charles Barkley voice) place to try and improve your financial knowledge. In fact, I have heard more financial myths discussed in the lounge than in any other single location – maybe even including the internet (Ok, just kidding; the internet still holds the crown!).
But the fact remains, financial myths grow and spread like wildfire in the doctors’ lounge. It is probably the #1 or #2 topic of conversation in there outside of medicine. For long stretches, it even outpaces medical discussion.
I want to dig into these financial myths and debunk them here. If I am hearing them thrown about all the time, chances are that they exist in doctors’ lounges across the world.
So let’s stop them in their tracks!
Why is the doctors’ lounge a breeding ground for financial myths?
Well, it’s really for the same reason that doctors in general have low financial well-being despite having a really high income.
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