Change your outcomes
If you've underaccumulated for your retirement, there are strategies you can use to turn things around
Changing Outcomes: A Financial Recovery Strategy for Peak-Career Physicians
Blessed with more dollars in liquid assets than most Americans ever accumulate in net worth, it is easy for a physician to feel financially bulletproof. And yet, physicians are more likely than other professionals to under-accumulate for retirement. This book outlines strategies that peak-career physicians can use to reinvigorate their financial lives.
Your goal should be practical and personal--improve your financial position, for the rest of your life, starting right now.
Select Quotes from the Book
"Don't let the illusion of wealth distract you from building the real wealth you will need to live the life you want for decades after you retire."
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"When you think about your net worth, remember that only investment assets count."
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"Long-term investment success requires a disciplined understanding of what we can and cannot predict; in a sense, being a successful investor requires a specific, rational lack of confidence."
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"Always direct dollars to the highest risk-adjusted, after-tax opportunity."
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"Saving first is half the battle. The second half is managing spending."
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"If you own a vacation property you rent out, and you don't cover your costs, what you are really doing is subsidizing other families' vacations."
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"Your goal as a prudent investor should not be to beat the market, but simply to capture the market's return."
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"If you are going to make the very difficult choices needed to get your finances back on track, you need a success strategy you can believe in."
