“Finance isn’t rocket science, but you’d better understand it clearly.”
Father, brother, wife, & sister-in-law are physicians
“If you need or want a financial advisor, be sure to hire a fee-only financial advisor.”
“The process of choosing a financial adviser. In many respects, the process is similar to choosing your physician. There are no rigid guidelines, the personality fit can be key, expectations need to be realistic, you should avoid the bad apples, and by the time you know enough to choose properly, you may not need one at all.”
Paid service
“Don’t feel obligated to hire someone who lives in your town. Most financial advising can easily occur by email or phone. I’d rather have a great adviser who lives across the country than a mediocre one who lives next door.”
“Most residents have little retirement savings. That honestly doesn’t bother me. Doctor financial success comes from what you do with your attending income.”
Client financial planning software
“Your high income alone will not automatically lead to financial success. You must convert your high income into a high net worth in order to become financially independent.”
“I’ve flown airplanes, and as a doctor, I’ve taken care of kids who can’t walk. Investing for retirement is probably harder than either of those first two activities, yet we expect people to be able to do it on their own.”
Client investing software
“Vanguard is my go-to for most investors. Because Vanguard shareholders own it, the company has no incentive to gouge them with excessive fees and hidden expenses.”