When we give to charities, money flows out from our pocket into theirs. This means more for the charities and less for us. The factors that influence this transfer of funds is important to understand as it affects our bottom line if we give.
Financial independence is typically defined as not having to work for money. A financially independent doctor may still continue to work, but would be able to live and support her family for the rest of their lives off of savings and completely passive income sources.
Most people often aren’t too excited about spending money on insurance. As you plan out your finances, buying life insurance requires a little research and some basic know-how about the different types of life insurance.
Even within your specialty, there are a number of different ways for you to shine; as a trusted community physician, as a department leader, as a researcher and more. It is almost impossible to excel at everything.