Money Minutes for Doctors #42 ~ Ten Tips Learned over Ten Years

A great deal of learning takes place over ten years. For better or worse, a decade of observing the shifting currents of finance is enough to fill an encyclopedia! In this month’s episode of Money Minutes for Doctors, we speak to Ms. Katherine Vessenes, CFP®, RFC, Founder and President of MD Financial Advisors, about the top ten tips learned over the last ten years in the world of finance and how it applies to those of us in medicine. As always, thanks for listening and enjoy!

About Ms. Vessenes:

Ms. Vessenes works with over 300 physicians and dentists from Hawaii to Cape Cod. Her firm uses a team of experts to provide comprehensive financial planning to help doctors build their wealth and protect their wealth while reducing taxes now and in the future. Katherine is a longtime advocate for ethics in the financial services industry; and has written three books on the subject of investment strategies. She has received many honors and awards including: numerous tributes from Medical Economics as a top advisor for doctors, multiple 5-Star Advisor Awards, honored as a Top Woman in Finance, in addition to being selected to be on the CFP® Board of Ethics. Katherine can be reached at: Katherine@mdfinancialadvisors.com or 952-388-6317. Her website: www.mdfinancialadvisors.com.

Ten Tips Learned over Ten Years:

1. Doctors need more help on their finances than other clients

2. Doctors don’t have the margin for error in their finances that other clients have

3. Doctors really appreciate professional financial advice

4. Doctors can make great decisions when they have good data.

5. Doctors aren’t as rich

6. Doctors need a more tax efficient investment strategy than other clients

7. Doctors don’t have a clear understanding of taxes

8. Doctors haven’t given much thought/attention to living their best, happiest, most productive life

9. Doctors have unrealistic financial expectations

10. Doctors are not as happy as I want them to be