Importance of Acquiring Financial Security for Physicians

Roberts, William C.

ABSTRACT This review tries to make the case that physicians should be adequately rewarded financially so that they can have a clear fiduciary responsibility to do only what is best for their patients without unseemly personal financial gain. To develop financial security physicians need to save a portion of their income regularly to invest. The stock market is the best place to increase one's monetary worth over a long period. • Physicians need to develop financial security so that their patient decisions are free of inappropriate financial reward. • That requires becoming financially secure which requires regular savings and appropriate spending. • The best way to become financially secure is to invest in the stock market regularly over a long period of time. • Buying and holding is not ideal, but it is better than frequent buying and selling. • Stay out of debt. • Stay healthy and live long. Good health is better than gold.