This idea that physicians aren’t great with finances likely comes from the fact that, as medical professionals, we have little time to devote to other ventures.
But maybe, as a doctor, you don’t believe you have what it takes to be a successful business owner or investor. If that’s the case, stick with me. Here are the traits that you probably didn’t even realize you had.
We’re presented daily with complex issues, and it’s our job to not only diagnose but also figure out the best course of action to manage, improve, or fix the situation.
Doctors have an innate ability to course correct and take setbacks and failures in stride. Ever been in called to help out in a Code Blue situation? You’ve learned to manage that effectively in the face of chaos.
The ability to synthesize complex information, understand patterns and variable projections, and put information into a broader context are all essential for making smart investments and business decisions.
In addition to basic performance information for a particular fund, stock, or investment vehicle like real estate, knowing where to put your money for the best results requires the ability to assess the variables that affect everything from price to the potential for growth.