Articles
In 2019, a typical new physician started practice with $200,000 in education debt. That new doctor’s higher income is partly an illusion, because it ignores the practical necessity of paying off medical school debts (the interest of which is not tax-deductible) with earned income taxed at a federal marginal rate as high as 37%.
This article was originally published in Keystone Physician Magazine, Summer 2020
Question: How can physicians avoid falling into the trap of status with regards to buying stuff?
The single decision most likely to work against attaining walkaway wealth is buying “too much house.”