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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.

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.

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.