Happy Tax Day....But Not If You're A Physician

Today evil rich doctors like you and me who make too much money will file your tax returns.

Then, in a show of defeat, you'll bury your head in the ground and trudge along the rest of this year with less money in your pocket than last year.

Why?

Well, in case you haven't heard -- perhaps you've been working in the hospital too much, seeing too many patients in your clinic, getting bludgeoned in the ER with no pay patients, or maybe you just don't care -- taxes are goin' up for ya this year.

But that's not the whole story.

Not only are you getting whacked on the back end by paying more of your fair share in taxes, you're also being slammed on the front end as your elected leaders wrangle with what they're willing to dish out to you.

While I could go through the new tax law changes and how they apply to physicians (I've explained this to my clients already), I'm just gonna give you the bottom line.

You see, as more and more money gets stripped from you, it's more important than ever to get your financial house in order.

If you're a mid or late career physician -- generally in your 50s -- and you've been practicing medicine for a while, you are staring down the proverbial barrel of a gun.

Just when you thought that maybe you could grasp that light at the end of the tunnel called retirement, all of suddern that light just became a flicker.

Because the tunnel just got longer for you.

Let's look at the consequences:

  • Pay more taxes and get paid less equals...
  • Work more years to build up enough assets to support you or...
  • Work harder now and see more patients to make up for it or...
  • Work more shifts and moonlight to bump up your pay or...
  • Reduce your lifestyle during retirement or...
  • Reduce your lifestyle now

None of those options is very appealing, don't ya think?

So let me ask you a simple question:

What are you going to do about it?

Sitting there and doing nothing is a sign of weakness, my fellow physician friend.

Thinking that it's hopeless is one of the reasons doctors have gotten into this mess in the first place.

Take it from me. I know firsthand what it's like to feel that way.

Years ago, I used to blame the system for everything.

I blamed the government for forcing me to see patients in the ER who didn't pay me anything and yet had the right to sue.

I blamed the patients for coming in droves on a Friday nightshift.

I blamed hospital administrators for creating the silly rules I had to follow.

I blamed contract management groups for taking a cut of the action when I was working in the trenches.

And then I realized something which in hindsight is so obvious:

NO ONE HAS EVER HELD A GUN TO MY HEAD FORCING ME TO ACCEPT ANY OF THIS.

It was up to ME to make the mental change and take action.

It was up to ME to refuse to accept what others were trying to force upon me.

It was up to ME to say "No!" to those forces.

When you can shift your thinking from playing the blame game to playing the game according to your own rules, you've won my friend.

And getting your finances and investments in order is the most critical step to make that transition.

I know that you NEED to make the change, but the question is do you WANT to make the change?

If you do, then it's high time you set up your Financial Strategy Consultation with me right now by clicking here:

Financial Strategy Consultation

Quite frankly with the new tax laws this year, I'm thinking about closing the doors to new clients altogether. If you think I'm kidding, just ask my former emergency medicine colleagues who thought I was joking when I told them years ago that I'm getting out of the ER and taking my life back.

So the time is now amigo.

Sign up for your consultation right here:

Financial Strategy Consultation

Oh, and happy tax day!