Ndubuisi Egwim explains how Moneywise Doctor screens financial professionals to protect doctors from excessive fees. Financial advisors often target physicians assuming they lack financial literacy, despite their high incomes and business acumen compared to other tradespeople.
So part of what we do in Moneywise Dr. We screen accountants, mortgage advisors, life insurance advisors, investment advisors. We need to know that you're not charging exorbitant fees because a lot of financial advisors and this is part of why I started moneywisedoctor.com a lot of financial advisors, they target doctors and healthcare professionals because they feel we don't know anything in that area. And you might see that a doctor who is a multi millionaire just from medicine has less business information than a plumber. A plumber who is a multi millionaire had to learn how to run a business before they started running the business. But most doctors, if you become a neurosurgeon or you do complex operations, you might even get paid very high income just to do that. I know that in US there are people that earn 600 to 1 million in a year. So to answer your question, no, I don't give personal financial advice. I share what I do and I share it all freely. Everything on moneywisedoctor.com is for free.
