Ndubuisi Egwim says you're the CFO of your own finances, even if you hire advisors. Doctors can take the free MedScan Financial Health Score, a three-minute diagnostic that grades seven areas including taxes, pensions, investing, and debt.
So don't forget rule 1 of the MoneyWise Doctor. Rule 1 has always been you are the chief financial officer of your life. You are the CFO for your family. So you can outsource, but you're still in charge. So you've got to act like it. It doesn't mean you have to spend all your time learning finance, but at least an hour a year is not too much. So you're not expected to learn everything. You might hire help— accountants, advisors, coaches, solicitors— but at the end of the day, you're still the one in charge. You're the one calling the shots. You're the one in the driver's seat, and you should take charge of your financial future. Okay, so before you make any investment decision this tax is to start by understanding exactly where you currently stand. Most doctors have never had a proper financial health check, not because they're not interested, but because nobody had ever designed a tool that helps to make sense for the specific complexity of doctor's financial life. So I made one. It's called the MedScan Financial Health Score. So it takes about 3 minutes. It helps you to look at your overall financial position across 7 key areas including tax efficiency, pension, investing, debt management, and financial protection. It gives you a clear score, breakdown of exactly where you are, where the gaps are, and it's completely free. Takes 3 minutes. If you head over to moneywise.com/medscan, or you can check the link in the description to get it. It's 3 minutes, real clarity, free.
