KevinMD September 6, 2024
In today’s financial landscape, it is imperative for women in medicine to take charge of investing their own money. Physicians face a myriad of disadvantages when it comes to wealth building. The average medical student will be saddled with an average of $200,000 in student loan debt. The nature of prolonged medical training puts physicians at another disadvantage, with a high debt-to-income ratio until their mid-to-late 30s, causing them to lose out on ten years of compound interest during their training years. Einstein called compound interest the 8th wonder of the world, given that the invested principal makes interest and that combined amount (principal + interest) continues to grow.
While these issues are not gender-specific and affect all physicians, female...
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