Should physicians set themselves on FIRE?

Physician Family Financial Advisors Podcast

Financial Independence Retire Early (F.I.R.E.) is one way to approach your financial life but it might not be the best way. Understand the pros and cons of FIRE. Know the difference between "getting rich" and gaining control of money. Hear how financial independence offers you the freedom to practice your way without walking away from the work you love. Is FIRE right for you? Listen to the end where we share the one thing you need to know as you come to your own conclusion about your future in medicine.

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IN THIS EPISODE

[ 0:58 ] What is Financial Independence?

[ 1:55 ] What does Retire Early mean?

[ 3:50 ] Are there positives to the Retire Early approach?

[ 6:00 ] Is retiring early for physicians a bad idea?

[ 10:22 ] The shame some physicians are feeling for not reaching financial independence quickly enough.

[ 12:36 ] For physicians that find meaning and purpose in their work, how should they approach financial independence? Should they care?

[ 15:32 ] How much is it costing physicians, with their time and energy, to become financially independent so quickly to retire early?

[ 19:18] Finding balance with FIRE.

[ 21:04] Why are some people who become financially independent not retiring early?

[ 24:13] Is it a good idea for doctors to set themselves on FIRE?

NOTICE

Physician Family Financial Advisors Inc., a registered investment advisor, has reasonable belief that the information and content as a whole does not include any false or materially misleading statements or omissions of facts regarding services, investments, or client experience. Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies. Investments involve risk and unless otherwise stated, are not guaranteed. Information expressed does not take into account the specific situation or objectives of individuals and is not intended as recommendations appropriate for all individuals. Listeners are encouraged to seek advice from a qualified tax, legal, or investment adviser to determine whether any information presented may be suitable for their specific situation. Past performance is not indicative of future performance.