Publication

Article

Physician's Money Digest
September15 2003
Volume 10
Issue 17

5 Steps to Wealth

For new physicians, becoming wealthy is not as complicated as you maythink. Begin today and you'll be on your way to financial fitness.Consider these 5 simple steps to building your net worth:

  • Develop a financial plan by identifying your specific goals.
  • Develop an investment plan that will help you reach your goals.
  • Put the plan to work, beginning with a portfolio of low-costmutual funds.
  • Take advantage of tax laws, using IRAs, 401(k)s, and other tax-deferredplans.
  • Buy and hold. Never attempt to time the market.
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