You, like all doctors, enjoy the potential to earn top dollars. Why, then, do some doctors translate their high incomes to wealth, while others struggle financially?
To offer some emotional distance from a deeply personal issue, consider differences among professional athletes. Just as physicians and dentists have raw earning power, so, too professional athletes have raw talent.
However, the average Minor League player in the great American sport of baseball earns $44,00 while the average Major League player earns $4 million.
Do the athletes in the MLB perform 100 times better than the athletes in the Minors? No! Here are the differences:
If wealth-building were a sport, most doctors want to play in the Majors; however, I observe that most doctors are playing in the Minors.
My work with my doctor clients helps me see:
With the right coaching, skills and tools, doctors can join the Wealth-Building Majors. The first step is education and awareness.
© 2019. Vicki Rackner MD. All rights reserved. You may reproduce this post with this byline:
Vicki Rackner MD is an author, speaker and coach who offers a bridge between the world of medicine and the world of business. Though her company Thriving Doctors she helps physicians achieve the personal, professional and financial rewards that attracted them to a career in medicine. Click here to get a complimentary copy of her latest book The Myth of the Rich Doctor.