How Financial Advisors Benefit Physicians During Contract Negotiation Many accomplished professions utilize lawyers to negotiate the terms of their contract in order to create a solid foundation for the partnership between the employer and employee. While lawyers specialize in the legal language of contracts and are undeniably an invaluable tool, it is vitally important to […]
As a physician, malpractice insurance is one of the best tools you have to protect yourself. No matter how skilled or experienced you may be in your field — mistakes can happen.
A Physician’s Guide to Building an Emergency Fund While a career in medicine is often financially rewarding, it also often comes with significant debt from student loans. Students in the process of becoming physicians must make substantial investments in their own education, but this should not come at the expense of saving for essentials and […]
Though it sometimes doesn’t seem feasible, physician retirement is possible. And for physicians in certain specialties, retiring early isn’t just a dream — it’s a reality. Some specialties, particularly those with a shortage of physicians, have a high rate of doctors well over retirement age. Yet, others tend to see physicians retiring earlier in their […]
As a medical professional, it is essential to protect yourself with medical malpractice insurance. A requirement in some states, malpractice insurance is one of those expenses that physicians dread, yet cannot avoid. Even if the state in which you hold a license to practice medicine does not require it, there is a good chance the […]
After college, medical school, and residency, you’re finally ready to get to work as a practicing physician. You should be excited that you’ve reached the point in life where you can actually begin your career. But many physicians don’t feel that excitement because they’re faced with the heavy burden of paying back student loans. […]
Types Of Investors: Why Being Overconfident Can Cause More Losses Article written by Alicia DonovanFor the exclusive use of physiciansthrive.com There are all different types of investors in the world. Some are strategic and ambitious, seeking avenues to maximize income from the markets in a short time. Others are cautious and risk-averse and adopt a […]
According to the Bureau of Labor Statistics, physicians in the U.S. earn an average of $208,000 per year. And while this is significantly higher than most people in other professions, a $208k salary alone won’t necessarily make you “rich.” If you want to build wealth on a physician’s salary, you’ll need to know where and […]