When asked for my best tip for doctors & others to grow wealth & become financially independent, I usually answer with three words that echo the warning from the loudspeakers as you enter the subway car in London’s “tube". Mind the gap.
Reason number one is that we deferred gratification for so long, that when we first start getting a real paycheck, instead of having a little lifestyle inflation, we have a lifestyle explosion.
Another major difficulty for doctors is that everyone else sees them as rich, even if their incredibly negative net worth actually ranks them as being some of the poorest people on the planet.