Surprising Doctors Statistics

In a 2021 pol done for a CPA firms that caters to physicians and dentists they found some surprising statistics about doctors and money. 

One thing that really peaked my interest is how millennial doctors have a significantly lower net worth than one expect a doctor to have.

You could assume that the big culprit is student debt however the question that come to mind is does the feeling of burnout hits a little harder with that generation?

The article claims that “…Across the board according to the 2021 physician wealth report, 56% of physicians reported a net worth of over a million. Out of family physicians, the majority become millionaires by the age of 55, with only 11% having a net worth of a million before 45….”

These facts essentially mean that about 90% of doctors will not be able to afford to retire early! 

This is a very surprising finding considering most people seem to think that doctors are on the higher end of the income earners and sure enough the same study also showed that the average doctor makes over a quarter of a million dollars a year. 

That begs the question where is that money going to and how come more doctors don’t reach the $1M net worth mark sooner?!

Our conversation with doctors led us to build this training program. We focus on commercial real estate assets that allows the doctors to keep their focus on medicine, their career and all the good they provide while at the same time get great returns on their money. 

We also included training about how to create real wealth and build a legacy that will last for generations to come!