Everand Logo

Welcome to Everand!

  • Discover millions of ebooks, audiobooks, and so much more with a free trial

    Only $11.99/month after trial. Cancel anytime.

    Financial Strategies for the Successful Physician: Helping Successful People Continue Toward Their Life's Goals
    Financial Strategies for the Successful Physician: Helping Successful People Continue Toward Their Life's Goals
    Financial Strategies for the Successful Physician: Helping Successful People Continue Toward Their Life's Goals
    Ebook49 pages36 minutes

    Financial Strategies for the Successful Physician: Helping Successful People Continue Toward Their Life's Goals

    By Eric Wheeler

    ()

    Read preview

    About this ebook

    Physicians and dental health professionals have unique financial planning needs. The medical world is changing, and physicians’ cash flows are changing along with it. Yet in spite of this fast-moving landscape, medical professionals can make plans for a secure future.
    Do you wonder…
    • If you’re making smart decisions with your money?
    • If you’re using the correct tax strategies?
    • If you can take care of your heirs?
    • If you can contribute to charities you’re passionate about AND achieve financial freedom?

    Financial Solutions for the Successful Physician is a roadmap to help doctors and dental health professionals achieve peace of mind, addressing the unique financial issues facing medical professions.
    LanguageEnglish
    PublisherBookBaby
    Release dateJul 13, 2015
    ISBN9781943612949
    Financial Strategies for the Successful Physician: Helping Successful People Continue Toward Their Life's Goals

    Related to Financial Strategies for the Successful Physician

    Related ebooks

    Finance & Money Management For You

    View More
    View More

    Related podcast episodes

    Related articles

    • Article

      Great Expectations

      Nov 17, 2019

      Planning ahead always pays off, especially when it comes to your finances. Securing your financial future will help you achieve long-term goals and can play a role in reducing overall financial stress, says Laura Baker, senior financial planner for C

      2 min read

    • Article

      Don't Be Afraid to Do Your Own Taxes

      Mar 7, 2019

      Last year my mother told me it was time to start doing my own taxes. I panicked at this thrust into adulthood. But, with a beer in hand, I persevered and learned two things: Freelancing and moving across the country make filing your taxes more compli

      3 min read

    • Article

      Insider Tips

      Jul 9, 2020

      Insider Tips
      1 min read

    • Article

      It’s A Matter Of Choice

      Mar 31, 2021

      Last week, I was talking to a friend about his financial situation – and he said he’d done well investing in property in London during the 1990s. He was working and living there, and realised the rent he was paying was more than the money he would ne

      3 min read

    • Article

      The Language of Raising Capital

      Sep 27, 2019

      The Language of Raising Capital
      4 min read

    • Article

      4 Retirement Questions to Ask Before 'How Much Should I Save?'

      Feb 17, 2020

      One of the most common questions we get from our clients is, "How much do I need to save to retire?" To answer this question, we recommend focusing first on a few mostly non-financial questions designed to help you picture what "retirement" means to

      3 min read

    • Article

      Millionaire Secrets

      Nov 12, 2021

      Millionaire Secrets
      2 min read

    • Article

      The Pros’ Picks: 22 Top Stocks to Invest In for 2022

      Dec 29, 2021

      Wall Street’s analyst community is broadly optimistic about the market’s prospects for the year ahead – but they’re torn about where exactly those gains will come from. In other words, 2022’s top stocks to invest in could come from numerous corners o

      1 min read

    • Article

      Beyond Financial Literacy: What You Need to Win with Your Money

      Apr 19, 2022

      April is Financial Literacy Month, designed to promote greater financial understanding among children and adults. Yet, more than half of Americans get anxious simply thinking about their finances. Why are so many adults stressed out about money? It’s

      2 min read

    • Article

      Money Problems That Come with Financially Successful Careers

      Jul 4, 2019

      Professions that take a long time to develop into fruitful careers come with unique financial challenges. For example, doctors sometimes make bad decisions with money. Part of the issue is they get caught in a perfect storm of circumstances that lea

      3 min read

    • Article

      Conversations that Women Should Have with their Financial Advisers

      Dec 16, 2020

      Many women who are extremely successful at work still find they lack some confidence when it comes to discussing and planning what to do with their wealth. If you're unsure of where to turn, a trusted financial adviser can be a valuable resource to h

      4 min read

    • Article

      When It Comes to Your Financial Plan, You Can't Trust a Computer

      Jan 3, 2022

      At my annual physical exam recently, the doctor took my vital signs, reviewed my medical records, and after reading my EKG results, said, “Well the computer says you’re having a heart attack.” But the computer was wrong. I’m in my early 40s and run m

      3 min read

    • Article

      This Isn't (or, at Least, Shouldn't Be) Your Father's Retirement Plan

      Oct 18, 2019

      It isn't a bad idea to talk to your parents or grandparents about retirement and what worked for them. You probably can learn something from their successes -- and their mistakes. But if you're thinking about following the exact retirement routine t

      4 min read

    • Article

      5 Ways Millennials Can Turn Financial Stress into Financial Wellness

      Oct 15, 2020

      “Want to save more? Just skip your daily coffee shop routine.” It’s well-meaning advice that commonly permeates the personal finance space, but for millennials — who are facing high student debt payments, decreasing homeownership and stagnant wages —

      3 min read

    • Article

      Mark Miller

      Jan 20, 2023

      Q _ How is your book different from other retirement books? A _ Many retirement books focus on the reader who least needs help, people who have substantial retirement savings and investment portfolios who are looking for an additional edge. Having co

      3 min read

    • Article

      What You Should Look for in a Financial Professional

      Jul 11, 2022

      For most Americans, the do-it-yourself approach to finances can only get you so far. While many people start out managing their own long-term financial plan, when life changes bring new challenges, they may decide it is time to start working with a f

      4 min read

    • Article

      Q & A Mark Miller

      Jan 20, 2023

      Q _ How is your book different from other retirement books? A _ Many retirement books focus on the reader who least needs help, people who have substantial retirement savings and investment portfolios who are looking for an additional edge. Having co

      3 min read

    • Article

      You’ve Just Sold Your Business for Millions. Now What?

      Oct 21, 2021

      For the past three years, I’ve helped approximately 20 business owners develop a financial plan for their wealth after selling a business. It may seem paradoxical, but I’ve found that managing their wealth after the sale is often more complex than wh

      4 min read

    • Article

      The Myth of the Magic Retirement Number

      Feb 13, 2018

      Most people realize the importance of saving for retirement, but knowing exactly how much they need to save is another issue altogether. The conventional wisdom is that you should draw no more than 4% of your retirement accounts, coupled with any en

      4 min read

    • Article

      Retiring In The Midst Of COVID-19

      May 21, 2020

      The spread of COVID-19 has most Americans understandably concerned -- foremost about their health and safety, but for many of us, our finances aren't far behind. Given increased market volatility, low interest rates and rising unemployment, retiremen

      3 min read

    • Article

      Think Your DIY Retirement Plan Can Beat an Adviser?

      Feb 7, 2020

      After age 50, investors need more than a pie chart -- they need a retirement plan. As an investment adviser representative, I meet with retirees and pre-retirees every week, many of whom tell me they have been "working with a retirement-planning fir

      4 min read

    • Article

      Avoiding the New Retirement Spending Spree

      Jul 2, 2019

      Congratulations, you're retired! After 30 years of hard work and savings, you have over $1 million in your 401(k). Wow, that's a lot of money, you would think. Feeling flush with cash, however, can lead to a problem. Overspending during the first f

      3 min read

    • Article

      Just OK Is Not Good Enough for a Financial Plan

      Sep 16, 2019

      Don't get me wrong. I'm 100% in favor of the idea of financial planning. And I have nothing but respect for the fee-only fiduciary advisers who do it right. It's just that some people view going through a traditional financial planning session with

      5 min read

    • Article

      Women Live Longer Than Men: Here's How They Can Avoid Running Out of Money in Retirement

      Apr 21, 2020

      The dramatic market losses stemming from COVID-19 have many investors thinking about the safety and security of their nest eggs. For women, in particular -- who are more likely to live longer and often have less money set aside for retirement than me

      3 min read

    • Article

      You Don't Need a Financial Planner ... Unless ...

      Mar 19, 2018

      In practically all aspects of life, there are things we can do ourselves and others we can't. If you cut your finger slightly, you grab a bandage; but if you need stitches, you find a doctor. You probably can put air in your car's tires and maybe ev

      5 min read

    Related categories

    Reviews for Financial Strategies for the Successful Physician

    0 ratings

    0 ratings0 reviews

    What did you think?

    Tap to rate

    Review must be at least 10 words

      Book preview

      Financial Strategies for the Successful Physician - Eric Wheeler

      Author

      Introduction

      When I was twenty-five years old, more than a few years ago, my grandfather passed away. He was an awesome man, the patriarch of our family. He’d been a successful entrepreneur, like his son, my father. The funeral home was packed with people, because Bill Wheeler had many friends—people he had helped over the years and ones with whom he had been in business.

      As I think about it today, I recall stories that many of those folks still tell about how he helped others with sound advice or financial gifts when they needed it the most. My grandfather gave money and assistance to charities and directly to people who were both successful or down on their luck. To others still, he loaned the money to start a business or to buy a home when nobody else would.

      Because Bill Wheeler made smart decisions with his money, he was in a position to give generously of his time, talent and treasure. Make no mistake, he had a kind heart and would have done his best to help others, but he had an even bigger impact because of the confidence he had that his family would be financially secure.

      My grandfather passed these qualities to my father as well. I watched Dad do the same thing over the years, helping folks in time of need with sound financial advice and supporting worthy causes and people. My father is a successful entrepreneur, who has managed several businesses, utilizing some of the very strategies in this book. He, too, has been able to help many others through his generosity and keen sense of money matters. Dad has made smart decisions with his money, and that made him comfortable in giving.

      This desire to help others is in my DNA. I see a great opportunity to help people through advice and generosity the same way my father does today and the way his father did before him. Moreover, I see the tremendous benefit that I can make not only in my clients’ lives, by helping them make smart decisions, but also by helping them achieve the success and confidence with their wealth to spread their generosity beyond their families. My hope is to have an even larger impact on the world through my clients, helping them make smart decisions with their money so they can touch the lives of countless others in the same way my grandfather did.

      Many physicians and dental professionals are not confident that they are on track for achieving success with their wealth for the many reasons that I’ll share in this book. According to my research and that of CEG Worldwide, physicians and dental professionals tend to be concerned with five major areas:

      1.   They don’t have the time, or are not taking the time to make smart decisions with their money.

      2.   Most are looking for strategies to relieve their tax burden so they don’t have to pay any more than their fair share.

      3.   They don’t have a well-defined plan for how they’ll take care of their heirs.

      4.   They are

      Enjoying the preview?
      Page 1 of 1