10 Simple Money Rules Every Doctor Should Follow!

I've got £20,000. A golden handshake. Absolutely, that's the word. This program that was started, if you can get GP trainees to go and work in some areas, then there's an incentive. I was getting inquiries like what do I do with my golden handshake money? You're working towards an early retirement. So we're talking about financial independence. Retire early. You start with two important concepts, your final number and the 4% rule. So your fire number general is equal to 25 times your annual expenses. So if you can get that and you get in the bank or investment is an estimate of how much money you need to reach a comfortable early retirement. People say money doesn't make you happy, but it can make you miserable if you haven't got any. If you have to go to work and you don't want to go to work at that point, let's say you need a break, but you need the money. So we tend to suggest to doctors to invest in their financial education. That's rule two.