Debunking 7 Financial Myths Overheard in the Doctors’ Lounge

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There is a lot of advice out there, and a lot of it is wrong.

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Financial myths abound everywhere – at lunch, at dinner, at a holiday party. Most of them aren’t true.

What are some of the most common myths that doctors run into in their offices, lounges, coffee breaks, and such? Prudent Plastic Surgeon reveals all in this post.

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Debunking 7 financial myths overheard in the doctors’ lounge

I have to admit that when I was beginning my financial journey with $500K in student debt, no savings, no investments, and no financial education, I kind of felt that it was impossible to become rich as a doctor.

But I was wrong. And in reality, this myth is just laughable.

The bottom line remains that if you cannot achieve financial well-being, you have a spending problem, not an earning problem. Remember, the bare minimum that you need to do is save and invest 20% of your gross income.

I think I dry-heaved when I heard this one. This was one doctor telling another that they planned to die with their student loans so that they would be discharged.

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