5 Reasons Doctors Need to Invest in 2024

Why Doctors Should Start Investing: 5 Key Reasons
In this video, a Tommy shares five compelling reasons why medical professionals should start investing. Issues with the NHS pension scheme, the mitigating effects of inflation on savings, and the benefits of investing early and consistently are all discussed Real-world examples of three doctors illustrate the long-term advantages of different investment strategies. The video also covers the importance of passive income, tax efficiency, and achieving financial freedom before the state-mandated retirement age. Follow these insights to take control of your financial future.
Want to stay up to date with the latest financial information for doctors?
Subscribe on KZbin to never miss a new video: / @medicsmoney
Join 40,000 doctors receiving free financial CPD via email by downloading our free ebook here
www.medicsmoney.co.uk/ebook/
Follow us on Twitter
/ medicsmoney
Follow us on Instagram
/ medicsmoney
00:00 Introduction: Why Doctors Need to Learn Investing
00:30 The Problem with NHS Pension
02:14 The Pitfalls of Saving vs. Investing
04:13 Real-World Examples of Investing
05:25 The Power of Compound Interest
06:37 The Importance of Passive Income
07:46 Tax Efficiency in Investing
08:16 Achieving Financial Freedom
09:12 Conclusion
DISCLAIMER:
This channel is for education purposes only and does not constitute financial advice and tax allowances and rates are subject to change.

[@eneobande7433]

Thanks for sharing ❤

[@JMPope]

Question for future Q&A session please. Thoughts on buying additional pensions. Benefits/ downsides and thoughts on buying nhs pensions vs private pension. If possible could include differences of any between devolved nations. Love the podcast/ videos, have discovered in last few months and wish I’d started listening years ago

[@naumanzakir8005]

Dear Medics money: Can you show us examples of retiring often strategy when you have FU money? I mean long vacations, sabbatical maybe every 5 yrs, etc. to give a taste of FI.

[@malkeri2107]

Paying into NHS pension for years now and likely they will continue to increase the retirement age. You need to do a video on Bitcoin as why saving cash is not going to work due to banks printing money and devaluing our savings.

[@eneobande7433]

I think the big question is how to invest wisely? Do you advice we cash in on the pension and use it as capital for investment

[@MedicsMoney]

kzbin.info/www/bejne/laPMh3-Bo7mtiMUsi=aW9ifWqi8L2YP_J3