By Casey Robinson, CFP®
Whether you are an entrepreneur, a corporate executive or a health care professional, there are likely similar stops along the growth path of the wealth continuum. Struggle and sacrifice in the early portion of the journey, followed by earnings growth and the new challenges of financial planning, and then a period of material success and evolving estate planning as one nears the end of the continuum. But for those in the health care field, there are some challenges unique to their industry. Chief among them are the commitment of time it takes to start earning the wages people associate with being a doctor, and the significant cost of the education it takes to get there.
People who wish to become doctors are often fueled by a desire to help others. As they advance in their careers, the assistance they will require to manage their finances will likely grow as well. [Read more…]