Best financial planning advice for health professionals
High quality investment guides for health professionals? In Financial Planning we touch upon all the aspects of Personal Financial Management, and aims to build good financial habits among the Investors, and bring in Financial Wellness in their life. We believe that your good Financial Life depends more on your discipline and process you follow, rather than any Specific Investment strategy. Since doctors are among the busiest professionals, so it becomes more important for them to take good care of their money and use their time wisely on the professional upgradation, without being much worried on the Money management aspects. At Dr Good Money, We strive to make you Good With Money, So Money in turn be good with you.
Its not only Investments but every aspect of your Personal Finances be looked upon like Taxes, Insurance, Life Goals, Estate Planning, Loans etc. The Earlier you Start, better it is. But In Financial Planning its never too late. If you are a beginner or have already started investing or have been investing for quite many years, but are not sure which direction you are going and if you are on Right Track or not.
Your patients trust you with their health, our clients trust us with their finances. Just like you, we take a comprehensive approach to providing care. Throughout the financial planning process, we will take everything into account to identify where you are, where you want to be, and how to get there. Working together in an ongoing relationship will allow us to be an accountability partner for you. It will ensure that you receive continual care, and that the informed decisions you make will get implemented and updated when necessary. But Do Understand that Just like Physical Wellness can’t be Improved overnight, same way Financial wellness needs time.
Being into medical profession, I hardly find enough time to manage my investments, insurances and other financials. I tried myself and then many so called professionals’ services from brokers to bankers, but to no avail as everyone was chasing his/her own job targets. My hard-earned money was getting wasted in helping people earn promotions. The financial sector has become so complex that it’s very difficult to understand the technicalities in detail. In such a scenario, you have to depend on someone who can help you in an honest and sincere manner and that too in your interest. I came in contact with Mr. Manikaran Singal in 2008 and I am quite happy with his advice and professional acumen. Discover additional info on Financial Planning for doctors.
Do Doctors really Need a Financial Planner? Why can’t they do it themselves? Yes. Definitely , they can do it themselves. But it may not be wise thing to do. First, they have to devote so much time learning the nuances of this subject. Then They need to devote time in reviewing the things time and again, with the changing economic and financial scenario. The time which can be best utilized in working on increasing medical knowledge which is an everchanging field, why to devote time in doing your finances yourself when this can be delegated. Plus who better than doctors know what specialisation is all about. They are not specialised in Personal financial Planning.
With the stable profession and Recession proof Income, you are exposed to many sellers and less advisors. You are sold with Credit Cards, Different Types of easy Loans with less documentation. You become the preferred choice of Real Estate Brokers. Slowly you find that with money going into all the debts, your Financial Wellness is getting Compromised. Due to time constraints, You are exposed to many MIS sellers. You have a lot of insurance policies but still, are under insured. You may have a lot of mutual funds with no targeted goals. You may also have invested in PMS with no understanding of how it actually works. You oblige everyone from bankers, friends, to relatives, and end up with a skewed portfolio with no clear cut structure and direction. Find additional information at https://drgoodmoney.com/.