It may not be something you want to hear, but keeping your spouse involved in your finances is important. I know, I know…sometimes they are terrible with money. Or maybe they just aren’t interested in going through financial goals or looking at a present-day money situation. It is important for your family’s financial goals that they are involved. If both of you are involved, you will be directed towards one common goal.
Nick Schneider is in The Doctor’s Life Podcast studio to explain why it is important for you to have your spouse involved in your finances. All episodes of The Doctor’s Life Podcast are available on iTunes, Android, and on SoundCloud. Make sure to subscribe and you will be the first to get new episodes of The Doctor’s Life Podcast.
Family Finances- The Physician dynamic
What is most important for Physicians?
- Retirement
- Education
- Health
- Taxes
- Inheritance
- Legacy
Nearly 4 out of 5 physicians are the breadwinner in their family. Almost all decisions are made by both spouses regardless of income.
More than half of Physicians would have to move money to pay for an emergency of more than 25K.
Lastly, Less than 25% of physicians have their powers and estate planning in order.
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Go to the previous podcast episode.
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