Ndubuisi 'Andy' EgwimMoney Coach for Medics|Ex-NHS GP|21+ Yrs Investor| Founder, MoneyWiseDoctor.com|Helping Medics Avoid Big Money Mistakes

The Biggest Money Mistake Doctors Make #timing #wealth

14 Jul 2026 · 1 min

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1:07

In this short video, the speaker urges doctors (and anyone managing finances) to begin saving immediately by opening an Individual Savings Account (ISA) and contributing a modest amount—around £50 each month—regardless of current income levels. He stresses that timing and long‑term consistency are far more critical than waiting for a perfect financial situation. Using a personal anecdote about prioritising private school fees, he reflects that he could have built wealth earlier if he had started saving sooner. The core message is to set up the ISA, make regular deposits, and never withdraw the saved money, treating the account as untouchable to harness compounding growth.

Chapters

The first thing I would say is start putting something aside, no matter how little. Don't wait till the money is a lot. You have to open an ISA account and put something, no matter how small, £50 every month. Put something, because when it comes to money matters, timing is important. Doing it over a long period is so important. So start on time, I would say. Don't wait till everything is perfect, because one of the things I— my— well, I'll say a mistake is that because my children were in private schooling, so we're paying private school fees. So that was our whole focus. So we sort of said, let's do that and then do this. Yeah, both at the same time. Exactly. When I look back, I'm like, we could have just started then and not wait to finish one project. And yes, it's the consistency that matters. Make sure you have an ISA account, start putting something, no matter how little, and don't ever touch it. I said to my friend, I hope you haven't touched your ISA. Whatever goes in Easy.