"He's buried under work like me."
That's what a friend of mine responded when I asked her why one of her colleagues who she had referred to me hadn't contacted me to set up his initial financial strategy consultation (http://www.physicianwealthsolutions.com/second-opinion-consultation/).
Both my friend and her colleague are physicians.
It got me thinking of how nutzo this is.
I think there's a better reason why most doctors take no action with their personal finances.
I think it's because it's simply not a priority for most physicians.
It's not that you don't care.
It's just that you don't REALLY care.
You see, we make time for the things we value. There's no such thing as "no time" for what is most important to you.
Instead most doctors just plod along status quo making the same financial mistakes over and over again, and then wondering why they're still buried in work when they're 50 years old.
Or why they've missed their son or daughter's birthday parties.
Or why they still have to work on the weekends when they're friends are out partying.
(Or in my case if I were still working full time as a physician, why I didn't get to go to the premiere of Man of Steel in IMAX 3D...priorities...priorities....haha!)
Or why they have to continue doing all that til their second foot is in the grave.
So as we approach the end of the year, ask yourself what your priorities really are and where you spend your time.
Do you spend your time on what you really value?
Or do you spend it mostly on activities you don't enjoy?
Also, did you notice that my physician friend stated that she's also buried in work?
I don't know about you, but I'd be willing to bet that most physicians don't want to be six feet under in work. Instead they want to be six feet over....or even in the clouds...where they don't have to work if they don't want to.
If getting your personal finances is a priority for you and you want to dig yourself out of the work grave, then you might want to check out this:
Setu Mazumdar, MD, CFP
"Making work optional for doctors"