Whenever possible, it is best to learn from the mistakes of others rather than your own. I’ve bought whole life insurance (still hadn’t broken even after 7 years), and I’ve incurred unnecessary taxes in a taxable account due to not fully understanding the kiddie tax laws.
Consider this a financial “Morbidity and Mortality Conference.” Painful to listen to sometimes, but better than having to make each mistake on your own.
1. Working with a “financial planner” who specializes in working with physicians and almost got me into whole life insurance 2) Overpaying for legal advice
1) Not buying disability insurance 2) Mentioned a few divorce-related situation depression issues resolved in the past on a disability insurance application 3) Not getting OWN-OCCUPATION disability insurance on the first day of residency
1) Using credit cards 2) Buying too big of a house 3) Should have listened to Dave Ramsey and completed his course about 8 years earlier 4) Spent too much on a wedding 5) Credit card debt in med school