In this video, Ndubuisi 'Andy' Egwim addresses the widespread financial anxiety among UK doctors and healthcare professionals, citing a Moneywise Doctor survey where 72% worry about their financial position relative to their age and 68% fear insufficient retirement savings. He explains how the lengthy and demanding nature of medical training—years of study, exams, night shifts, and sacrifices in one's 20s, 30s, and even 40s—delays financial milestones, leading many physicians to feel insecure despite high earnings. Andy highlights a common regret among doctors: wishing they had learned investing and tax strategies earlier, often through his masterclasses and workshops. He challenges the belief that it’s too late to improve one’s financial outlook, setting the stage for actionable guidance later in the video.
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Do you ever feel financially behind for your age? You've worked incredibly hard, you've done everything right, and yet somehow you still feel like you're running out of time financially. You're not hitting the goals you were hoping to hit. Honestly, you're not alone. In a recent Moneywise Doctor survey, 72% of medics, doctors and healthcare professionals, said they're worried about their financial position relative to their age, and 68% said they sometimes worry that they won't have enough money to retire comfortably in their 60s. Now think about that for a second. These are highly educated professionals like doctors. We are kind of like highly skilled trained for many years and we're trusted with life and death decisions every single day. And yet financially, many of us quietly feel anxious and a bit overwhelmed. And after speaking to thousands of doctors over the years, I see the same pattern constantly. Now, doctors saying things like, I wish someone taught me these things a bit earlier, maybe 10 years ago. After attending some of my investing masterclasses or some of those tax workshops, I hear things like, I wish I learned this 10 or 20 years ago, I'd have been far better off. Now, because medicine has a way of delaying your financial life, and that could happen for a lot of people in medicine, you spend years, decades studying, surviving exams, working nights, sacrificing in your 20s and your 30s, some people even their 40s. Then one day you wake up, you're 35, you're 40, you're 45 or 50, and you suddenly realize, well, I've earned well but I still don't actually feel financially secure. And that's where quiet panic starts to set in. I start getting desperate, the fear that maybe I've left it too late. Now, but in this video, I want to challenge that idea completely.
