Money mastery: Advice for younger doctors
It’s a common misconception that financial advisers are only for wealthy or older people. The value of sound advice can benefit everyone, regardless of their financial circumstances or age.
But putting in place good cash-flow practices at a younger age probably offers the most substantial benefit simply because it can harness the power of compounding returns.
This can lead to exponential growth, but it requires time.
For example, say $100,000 was invested and earned a 5% net return each year. Let’s assume no further funds were