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How Doctors can be Saved by Financial Planning

Doctors start their carrier only at 30’s. Muted to starved cash flow is a concern on initial years and fairly Steep increase in earning once practice picks up needs to be managed well. Cash Flow management is crucial at the transition period.

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How Doctors can be Saved by Financial Planning

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  1. How Doctors can be Saved by Financial Planning? Specialist Financial advisor for Doctors can help you 1. Assess your current financial health, 2. Help you to Set realistic and personal goals with clear priorities 3. Help you make informed decisions that make the most of your financial resources. 4. Develop a realistic, comprehensive plan to meet your financial goals, 5. Put your plan into action while monitoring its progress. 6. Can help you stay on track to meet changing goals, circumstances, life stages, products, markets and tax laws through reviews. Financial planning for Doctors is Unique in Many Ways. Doctors start their carrier only at 30’s. Muted to starved cash flow is a concern on initial years and fairly Steep increase in earning once practice picks up needs to be managed well. Cash Flow management is crucial at the transition period. Debt is often a significant part of a Doctor’s overall financial position in early stage.  Most Doctors marry Doctors. Establishing responsibilities for financial matters is an important priority for them.  Lot of difficult question need to be addressed like deciding between rental place vs own clinic; which one to buy first, Home or Hospital? Do I settle Education loan first or buy Car? And many more… All have huge financial implications.  Doctors literally have no time to look-after their finances, hence susceptible to financial mismanagement and mess. Financial organization for doctors is a cornerstone of a healthy financial life.  Risk management is vital aspect for Doctors. Unlike other profession Doctors are exposed to huge Maintenance Cost & liability claims.  Retirement is the largest financial goal for most doctors. Long years of successful Practice are an asset to any doctor, which can be leveraged for brighter retirement. Scheduling meetings, reviews to suit your calendar is another challenge. Only a professional financial Planner for Doctors can understand the nature of your practice, its demands and provide you customized solutions. Wealth Traits Financial Planners, No. 9, Maven Projects Centre, Dr. Thirumoorthy Nagar 3rd Sreet, Nungambakkam, Chennai - 600 034 info@wealthtraits.com / www.wealthtraits.com

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