12 Financial Principles for Doctors

White coat Investor philosophy 12 financial principles for Doctors Financial planning makes you happier. Wealth comes mostly from making a lot and saving a lot. All right. The third point is that you need a reasonable written investing plan. All right. Principle number four, Index funds are the best foundation for a portfolio. All right. Principle five is to ensure well but only insure against financial catastrophes. Principle number six is to live like a resident for two to five years out of residency. All right. Principle number seven is to spend intentionally. You can buy anything you want. You can't buy everything you want and you need to be intentional about how you spend. Number eight is to get good advice at a fair price. Alright? Number nine is to understand and use your tax advantaged accounts. Number 10, pay cash and avoid debt. Principle 11 is to minimize your taxes and know the tax code. And finally, principle number 12, asset protection is actually pretty easy and it matters a lot less than you think.