Physicians are high wage earners. This is true. But this makes it even more important to store your money in a safe environment where it is not subject to the fickleness of the stock market or the fluctuations of the housing market. It needs to be in a place where it can grow but also where you can reach it when you need it without paying someone else to mind it for you.
How It Works
Dividend-paying whole life insurance policies are immune to the ups and downs and the volatility of the stock market. At the same time, it allows you to increase your wealth. It is not affected by stock market crashes or global pandemics that cause small businesses to close. It is safe. Yes, doctors make sizable salaries, but it isn’t enough.
True wealth building is about more than just accumulating money. If you don’t have a plan, if you aren’t disciplined, if you don’t have a strategy for managing it, then you are almost certain to lose it.
It is about keeping your money, which sounds simple, but many people do not completely grasp this concept. There are so many things that you can do with your finances that take the control and power out of your hands and place it into the hands of those who do not have your best interest at heart.
Banks and lenders are notorious for this.
The interest you pay on a loan goes to whoever funds the loan. That is money you could be putting back into your pocket. True wealth building is about being smart with your money and making wise financial decisions. It’s about knowing all of your options and weighing them carefully. It’s about thinking through your financial decisions without reacting emotionally. It’s about being S-T-R-A-T-E-G-I-C and having a plan in place. True wealth is within your grasp, even if you are juggling debt. A good plan will address your debt while building your income and portfolio, allowing you to grow and discover the true freedom of having control of your own finances.
Who is the Strategic Doctor?
The Strategic Doctor is the creation of Dr. Erik Nilssen and Dr. Saif Zaman. They recognize the growing financial hardships facing those in the medical community and realize that physicians needed support.
The Strategic Doctor was developed because we see a better way. Simply put, physicians need to learn new strategic methods to safeguard their practices and their own personal financial health in the same way they learn new techniques to treat their patients. The administrative process you use to run your practice today is not the same process that was used 20 years ago. The old methods of saving for retirement and running your practice revenue cycle management won’t work in today’s environment.
If you’re worried about the future of healthcare and your ability to build a thriving livelihood where you’re fulfilled and able to bring all of your talents to the work of truly benefitting your patients, you’re not alone. We’re here to help physicians take control of their financial success while building the community they need to bring the joy back to a valuable and truly needed profession.
Interested in learning more about how we can help you? Let’s jump on a call and discuss your current situation and we can also show the exact wealth-building framework we are using to fulfill our mission and dream.