The Many Money Mistakes of a Wealthy Doctor

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Many of us stand on the piles of bad ideas, mistimed investments, and ill-informed purchasing decisions, and it hasn’t brought us down yet.

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These are my money mistakes: the adventures of a tax-ignorant, overconfident, fickle financial fool.

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Despite what some of my audience thinks, I don’t have all the answers. Nor did I do everything right. I have made dozens of blunders along the way.

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Many Money Mistakes of a Wealthy Doctor

– I used credit cards irresponsibly. – I borrowed an above-average amount of student debt. – I went into over $500,000 of debt.

Inaction I created a business model for a profitable physician finance business. But I failed to put it in place. I started a new medical clinic for my employer instead.

– I took a gap year after college. That year of minimum-wage work delayed the start of my six-figure income later.

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– I cut back to part-time work at age 50. I decreased my hours even further at age 55. – I left a private practice, at which I earned a top 1% income, to join academia.

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