This problem is compounded when the real estate is
owned by a few, while the lease payments are paid by
many.
Fourth, you are bombarded with all kinds of popular
financial media data points that are often inaccurate.
Much of this information is inconsistent, most of it written by journalists and not by financial experts, thus
many are misled by this dysfunctional financial entertainment. Financial journalists are often dependent upon
certain resources that may have a conflict of interest,
such as a brokerage house.
With all of this available public "information" and
the intelligence and work ethic that you have, plus your
ability to take in, interpret, and analyze data, it's no
wonder you may feel that it may be easy to "do it yourself." In essence, you are assuming the role of someone
who, as a highly qualified professional, has devoted
his/her professional life to it (as you have with your
expertise). You were too busy before that decision! When
the task becomes too complicated, you are left to identify a truly trustworthy financial advisor.
Fifth, this leads to more discontent and the cycle
perpetuates itself.
Sixth, mistakes in business, investing, and financial
matters are frequently masked by your high cash flow.
These mistakes are encouraged by media, some advisors,
and by the physician's own perceptions. Sadly, the median U.S. household income is $70,000, and only 3% of
the American population is able to retire on that $70,000
a year. The physician's median household income is
closer to $300,000, yet only 4% of physicians are able to
retire on that amount.
Ultimately, how can you dispel the "doctors are not
good at business" myth? The solution is simple. Select a
proven, fee-based professional who is a well-educated
financial expert to consult you, without obligation, to
help you define where you are, where you want to be,
and what it will take to get there.
With their help, should you choose to accept it, you
will get a tailored plan to take you from today to goal
achievement. They will outline your opportunities, protect your assets, lower your taxes, fortify your cash flow,
bolster your performance, and, perhaps more importantly, ease your path to a worry-free retirement. You have
the intelligence, the discipline, the capacity, and wealth
—now take the step, follow the plan, and make great
decisions. OB
Dr. Levin is CEO and managing director of Summit Wealth Partners,
Orlando, Fla. He can be contacted at
MLevin@mysummitwealth.com.
New Orleans 2013
This activity has been approved for
AMA PRA Category 1 CreditTM
Register Now
Saturday, November 16
Incorporating Advanced Tear Film Testing into
the Point of Care to Drive Evidence-Based Dry
Eye and Red Eye Treatment Protocols
Astor Crowne Plaza (739 Canal Street) —
Grand Ballroom (2nd Floor)
6:30 – 7:00 AM
7:00 – 8:00 AM
Registration (and breakfast)
Program
Program Chair
Eric D. Donnenfeld, MD
Supported by unrestricted educational grants from:
Gold Level – TearLab and TearScience
Silver Level – Nicox
Register Now!
www.EyeWorld.org/meetings
