Stupid Doctor Tricks — Biggest Financial Mistakes

Whenever possible, it is best to learn from the mistakes of others rather than your own.

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Luckily, these mistakes pale in comparison to financial errors made by some of our colleagues. Painful to listen to sometimes, but better than having to make each mistake on your own.

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Stupid Doctor Tricks — Biggest Financial Mistakes

Working with a “financial planner” who specializes in working with physicians and almost got me into whole life insurance.

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- Overpaying for legal advice ($3500 to review an employment contract). - Buying a universal variable life insurance policy as an “estate plan”.

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- Investing with Bernie Madoff. - Listening to brokers/financial planners/coin dealers.

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- Not buying disability insurance. - Mentioned a few divorce-related situation depression issues resolved in the past on a disability insurance application.

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- Not getting OWN-OCCUPATION disability insurance on the first day of residency. - Bought too much useless, expensive insurance

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- Using credit cards. - Buying too big of a house. - Should have listened to Dave Ramsey and completed his course about 8 years earlier.

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- Spent too much on a wedding. - Credit card debt in med school. - Marrying a fiscally irresponsible spouse.

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Stupid Doctor Tricks — Biggest Financial Mistakes

Whenever possible, it is best to learn from the mistakes of others rather than your own.

Luckily, these mistakes pale in comparison to financial errors made by some of our colleagues. Painful to listen to sometimes, but better than having to make each mistake on your own.

Stupid Doctor Tricks — Biggest Financial Mistakes

Working with a “financial planner” who specializes in working with physicians and almost got me into whole life insurance.

Getting Ripped Off

- Overpaying for legal advice ($3500 to review an employment contract). - Buying a universal variable life insurance policy as an “estate plan”.

Getting Ripped Off

- Investing with Bernie Madoff. - Listening to brokers/financial planners/coin dealers.

Getting Ripped Off

- Not buying disability insurance. - Mentioned a few divorce-related situation depression issues resolved in the past on a disability insurance application.

Insurance Issues

- Not getting OWN-OCCUPATION disability insurance on the first day of residency. - Bought too much useless, expensive insurance

Insurance Issues

- Using credit cards. - Buying too big of a house. - Should have listened to Dave Ramsey and completed his course about 8 years earlier.

Personal Finance Issues

- Spent too much on a wedding. - Credit card debt in med school. - Marrying a fiscally irresponsible spouse.

Personal Finance Issues

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