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7 Secrets to Wealth Building You Won’t Learn in Medical School
In fact, in medical school, you probably won’t learn anything about wealth building…let alone any secrets. And that’s because of the massive and misguided ancient taboo about money in medicine that dates back to Hippocrates. And this is a big problem. Seeing why isn’t hard for most doctors. Just look at my story of how I ended up burned out with medicine while I was still in training. Ironically enough, I alleviated my burnout and became a better doctor only when I started thinking about money and my financial well-being. That’s when I realized that while we don’t get into medicine for the money, we still need to make sure we are financially healthy. Being a good doctor actually depends on it. One is not mutually exclusive from the other.
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Doctor
Physician
Financial Planning
investing basics
The Road to Maxing Out Your 401(k) and Beyond as a Doctor
As a doctor, you intuitively understand the concept of investing: After all, medical school is one of the biggest investments there is. So, when it comes to saving for retirement, many doctors are ahead of the game and start maxing out their 401(k) contributions as soon as possible.
Financial Planning
Retirement
Tax Planning
Diversification Works for Investments — But What About Financial Advisors?
Diversification is a cornerstone of smart investing — but does that mean you should diversify your financial advisors, too? The short answer is no. While spreading your investments across asset classes and markets is a proven strategy, fragmenting your financial guidance can actually do more harm than good. Consolidating your investment accounts with one competent financial advisor offers clarity, efficiency, and better outcomes. Here’s why.
Financial Planning
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Insurance for Doctors
In this article, we'll take a look at the insurance policies both doctor employees and private practice owners need to know about.
Tax Minimization Strategies for Plastic Surgeons
By roughly employing a handful of key optimization tactics, the plastic surgeon in this hypothetical illustration reduced their taxable income by ~$250,000, which led to ~$136,000 less in taxes paid.
Why Residents Should Consider Disability Insurance
Earned Wealth's Chief Wealth Officer shares how residents should think about disability income.
Earned Wealth Announces $200 Million Capital Commitment
Summit Partners and Silversmith Capital Partners lead investment to accelerate expansion, beginning with the acquisition of industry leader Thomas Doll.
Navigating Finances Through Doctor Burnout
By diversifying your ability to generate revenue and provide value, you inherently gain more freedom, flexibility, and autonomy regarding your financial future.
Locum Tenens Physician: 3 Financial Pros and Cons
Locum Tenens physician work comes with its own set of financial pros and cons that doctors should carefully consider before accepting this kind of temporary employment.
Doctor Burnout is Still Soaring — Can Artificial Intelligence Help?
Study after study has confirmed that, even post-vaccine, burnout among physicians and other medical professionals is still prevalent. Now, institutions are looking at AI solutions from new startups to reduce administrative burdens and help reduce doctor burnout.
Benefits of a Fiduciary Financial Advisor
Discover why partnering with a fiduciary financial advisor for physicians can provide numerous benefits for doctors seeking to manage their wealth effectively.
Physicians Making Over $200,000: Watch Out for These Phase Outs and Additional Taxes
What the FTC’s New Ruling on Non-Competes Means For Doctors
The FTC issued a final ruling in April 2024 that bans employers from forcing employees into non-compete arrangements as part of an employment contract.
Navigating the World of Financial Advice
When it comes to doctors’ wealth, there’s a whole world of advisors vying for your attention. Understanding the different types of financial professionals and the value they offer can help you cut through the noise.
Practical Tax Advice for Everyday Financial Management
As doctors file their income tax returns, sometimes there are tax exemptions and tips associated with ordinary actions that they may not be aware of.
Should You Rent or Buy Your Home?
Rewarded by the IRS and encouraged by financial advisors, owning one’s home has long been celebrated as both the cornerstone of the American dream and the central pillar of lifelong financial security. But is it always the right option?
What to Look for in a Medical Malpractice Insurance Policy
Here are the main things you should take into account when searching for the right medical malpractice insurance policy.
I’ve Maxed Out My 401k, What Should I Do Next?
Once a doctor has maxed out their 401k contributions, there are several financial steps they can prioritize.
Life Insurance for Physicians
From student loans to owning a practice, and even lawsuits - physicians have specific needs for life insurance. Find out how to determine how much insurance you need and what type of policy is best for you.
Tax Minimization Strategies for Physicians: a Side-by-Side Comparison
3 New Year's Financial Tasks For Doctors
January is a good time to figure out finances for the rest of the year, and maybe the next decade or more. Tax documents arrive, and with them, opportunities to see what adjustments you wish you’d made last year and can make now. It’s also a good time to figure out what you want 2024 to look like.
Top Tax Mistakes Doctors Make
Many doctors unknowingly make costly tax mistakes that slow down their wealth-building efforts. Learn tips to avoid them to help you maximize your savings and invest more efficiently.
Unpacking DSOs
In this guide, we’ll uncover the current state of the DSO marketplace, how to position your practice for a successful DSO transaction, and tax-smart strategies to help you minimize taxes and improve your financial outcomes.
Untapped Tax Strategies
Reducing your tax burden is one of the most powerful ways to accelerate your wealth and achieve your financial goals faster. These untapped tax-saving secrets can have a huge impact.

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