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

The Survey of 1,500 UK Doctors Revealed Something Uncomfortable

23 Jul 2026 · 2 min

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In this video, Ndubuisi 'Andy' Egwim presents findings from a Moneywise Doctor survey of roughly 1,500 UK physicians. The data show that 71% feel financially behind, 67% worry about insufficient retirement savings, 41% lack a 3‑to‑6‑month emergency fund, and 55% have no proper financial protection. Egwim explains that doctors fall into two broad camps: (1) high earners with little financial independence and poor tax efficiency, essentially a "leaky bucket" where money flows in and out without a system; and (2) those with fragmented, patchwork financial arrangements—ISAs, SIPs, wealth managers, crypto, buy‑to‑lets—without an integrated plan, making it impossible to assess progress toward financial independence. He emphasizes that these issues are not the doctors' fault, but stem from a lack of coordinated financial strategy and review.

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Recently at Moneywise Doctor, we ran a financial health survey of about 1,500 doctors, and the numbers were striking. 71% of the doctors said they fell behind financially. Now, 67% worried they wouldn't have enough to retire comfortably in their mid-60s. 41% didn't have an emergency fund of 3 to 6 months, and 55% had no proper financial protection in place. So if anything went wrong, they were exposed. Now these are doctors, some of the most intelligent professionals in the country, and most of them feel financially behind for their age. Almost every doctor we've spoken with falls into one of two camps. Camp 1, you're earning well, but you're building very little financial independence and your tax efficiency is poor. The money comes in and it goes out. It feels like a leaky bucket. There's no system in place. Despite working really hard, it feels like you're running on the spot, making no progress. Now, This is not your fault, and it doesn't mean you haven't tried. You've come too. You've started. You've got bits and pieces in place, an ISA here, a SIP there, maybe some money a wealth manager runs for you, a bit of crypto, and maybe even a buy-to-let. But it's a patchwork. It's all over the place. Nobody's connecting the dots. You don't know whether you're leaking taxes because you have no system in place for reviewing your finances. And you can't actually answer the question, am I on track to my financial goals, financial independence? So both cams can feel the same thing.