Most people, I am sure this also includes many doctors, set good intentions around this time of year, but very few people actually follow through and make positive, lasting changes. One of the most common good intentions people set is around money, typically they want to start saving more.
I am sure many doctors find themselves in the same position, year after year, but then fail to make any meaningful progress. Some of the typical reasons why you might be procrastinating are:
1) A lack of time to sit down and actually look at your finances;
2) A lack of interest in managing your money;
3) A lack of financial knowledge;
4) A general distrust towards financial planners.
Whatever the reason(s), every year that you let pass, means that you will need to work that much harder to make up for lost time.
Yes, I have talked about this many times before – the fact that as a doctor you start to earn money later in life, which means that you don’t benefit as much from the power of compounding.
So what steps should you take this year, to make sure that you are no longer frustrated with the state of your finances a year from now?
1) Clarity – Get clear about your current financial position and what you need to work towards;
2) Control – Take control of your financial future by establishing your goals and the action you need to take to achieve those;
3) Confidence – Find a professional adviser who you can trust, and gain confidence in the fact that you no longer have to make difficult financial decisions on your own.
The number one benefit that my clients experience is the fact that they feel more confident, less frustrated and as if a huge weight has been lifted of their shoulders.
Helping doctors obtain better financial outcomes is what drives me every day. I would also love to make a difference in your life and would be happy to assist in one of the following ways:
1) Contact me on 08 6160 5918 or email@example.com to organise an obligation-free Financial Strategy Session. This is the first step towards taking control of your financial destiny.
2) Have a look at www.medicocfo.com.au. We offer personal financial and business education courses specifically developed for Doctors. CPD points are on offer for members of selected Colleges.
I sincerely hope that 2017 is the year where you no longer delay and finally make a positive change.
As I understand your time is extremely valuable and scarce, I am able to offer flexible meetings times, including outside business hours and during the weekend. I can even come and meet you somewhere convenient, or talk via videoconference on Skype.
My first consultation is free. I allocate up to 90 minutes to discuss your personal circumstances and to establish how I may best assist you. Where you already have an existing adviser, I would be happy to offer a second opinion. I always quote a fixed dollar fee before we start working together.
Please contact me on firstname.lastname@example.org or call me direct on 0432 885 295. You can follow me on Twitter @YvesSchoof or connect with me on LinkedIn to receive new articles.
Yves Schoof and Affluence Private Wealth are Authorised Representatives of Synchron, AFS Licence No. 243313.
The information posted is intended to be general in nature and is not personal financial product advice. It does not take into account your objectives, financial situation or needs.
Before acting on any information, you should consider the appropriateness of the information provided and the nature of the relevant financial product having regard to your objectives, financial situation and needs. In particular, you should seek independent financial advice and read the relevant product disclosure statement (PDS) or other offer document prior to making a decision.