High quality investment guides for medical professionals
Top retirement planning advice for doctors? Dr Good Money is a Doctor who is Good with Money. The Idea of Dr Good Money came with the experience of the Financial Challenges doctors got exposed to during Covid times. It was a general opinion that Doctors profession is stable and recession proof, which till now was considered to be true, and to some extent it actually is. But, OPDs were shut, Surgeries are being delayed, and patients also prefer tele calling with Doctors as visiting hospitals may expose them to more risk, that showed doctors Income may also be in distress in some situations.
We will Help you in Proper execution of the Financial Plan to put you into a Financial Discipline, and to keep your behavior biases at bay. The Earlier you Start, better it is. But In Financial Planning its never too late. If you are a beginner or have already started investing or have been investing for quite many years, but are not sure which direction you are going and if you are on Right Track or not.
This is the Optional step where we execute the plan and put you on medications (Read Investments). If we need to involve other professionals here like CA, Lawyers, Insurance experts etc. we may do under your permission. Since the results depend on lot many uncontrollable factors so we do the monitoring, half yearly and annual review of the Investments and Financial Plan, to ensure we remain on Track always.
Frankly, at first, I was a bit reluctant to engage a fee based financial planner. After all, when everything is available online for Free, why to pay for the advice. But later, I realized that there is a lot of information (unrequired) available around, which confuses rather than convince you. So, it’s wise to have a professional financial planner by your side. I was following Manikaran’s blog (www.goodmoneying.com) for quite some time. I liked his thought process and decided to try his services. To my surprise I found out that his first aim was to make his clients gain financial education, and in that he was very patient as well as sincere. His ultimate objective is to make things understandable and clear to the client, he believes in simplicity and makes sure that complications stay away from you. His help in goal setting, mapping investing surplus to different goals, knowing me and my family’s risk profile, knowing when to disagree and why…has made my financial life quite simple and growth-oriented. Rather than googling and confusing myself with the different reviews and articles, I get Filtered information, which is more important for me. Now I know where to go for all my financial doubts. Read even more info on professional indemnity policy for doctors.
What about the existing Investments?Will you take care of that too? Yes Definitely. First we have to review those investments and see if they are still a good fit as per your financial Plan. Then weed out the Unsuitable ones. We may like to shift the investments under our management by switching them to the lower cost versions where ever possible. What If I want to disengage with you in future? How easy is that process? Its Very Simple actually. You just have to tell us a Month in advance. Since the Invested products would be in your name and direct control, you may create your own logins on different websites and start managing your money on your own.
You are late entrant in your Financial Life, and sometimes enter with a baggage of Education Loan. You Start making Real Money in Mid 30s, when the Major goals are staring at you like Childcare, Buying House, Old age etc. You may like to start your Practice which also demands a good amount of time, money and Planning. After basic studies, the next decision comes in front of them is to join a job or start own practice. In the initial years, most doctors prefer to work in some hospital, as starting own practice has its own demands in terms of money and time unless they have the running practice of their parents and some of the infrastructures are already in place. See even more details on this website.