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A Doctor’s Financial
Advisor
You can easily divide doctors into 2 sects. Doctors from modest middle class family and rich
family. In India politicians, business owners, bureaucrats, well established doctor couples
prefer their children to do specialization either by merit or management quota in India or
abroad. Not much of debt pressure. It’s a matter of prestige. They get placed in a big
hospital chain for some time and helped to set up own practice. Other set of people pass
out with huge medical education debt and facing the music of mid-age life financial
pressures.
Self-reliant young physicians are in the greatest need of competent advice from the advisor
who understands their distinctive needs. Many of them become victim of social pressure to
increase life style and take all sort of doctors’ loan available. Their progressive income
makes them confident of facing any financial requirement in future at ease. One financial
emergency may throttle them completely. What if you get disabled or incapacitated to
practice. Your latest car purchase may jeopardize your child’s education cost and second
home purchase may hit your retirement corpus badly. All financial decisions are inter-
related.
Many people exploit the term financial adviser though they are prohibited to give
comprehensive financial consultant for physicians. Getting advice from nonprofessionals,
family, friends and colleagues will be detrimental to your wealth. Fiduciary advisor, who
does comprehensive financial planning, best fit to be a financial advice for dentists.
Customized financial plan is the roadmap to achieve financial freedom.
Financial advisor can help you with customized cash flow planning, risk management and
insurance planning, loan evaluation, tax planning, investment planning, retirement planning,
debt management, wealth management, and Estate planning. Monitoring and periodic
review are essential to stay the course.
Wealth Traits Financial Planners, No. 9, Maven Projects Centre, Dr. Thirumoorthy Nagar 3rd Sreet, Nungambakkam,
Chennai - 600 034.
[email protected] / www.wealthtraits.com
“Financial fitness is not pipe dream or a state of mind it's a reality if you are willing to pursue
it and embrace it.”
– Will Robinson
