5 Great Money Habits Most Doctors Already Have to Become a Millionaire!

You've become incredibly educated in your trade by going to school till 28th grade. Now get yourself financially literate as well. A little bit of knowledge and discipline in your finances will pay you beyond your imagination.

1. You value education.

· Have you ever heard that the best pay one can get is $0/hour? Since our time, due to its limited nature, is worth infinite amount of dollars, why would making $0/hour be the best pay? It’s because when we use our time to learn, especially something as complex, intricate, and eye opening as medicine, our minds expand in amazing and unpredictable ways. And our mind indeed is our greatest asset and will be for all our lives. And, regardless of how old, frail, or even disabled physically we may be, it will make us money if we allow it.

· Kudos to you for paying $50k a year just so that you have the privilege to work your butt off for 80 hours/week, work and learn every day that ends in day, as well as on short-staff holidays.

· The fact that you are willing to go into 300k debt @ 7% interest rate does mean that you’ve got your priority straight!

2. You value human beings.

· Each person’s greatest asset is his or her individual mind. The greatest asset of our society is our collective minds. Since you value other human beings and your relationship with them, your innate focus in life is much more internal and meaningful than most of the external stuff that costs lots of money. Your tendency is probably to take a hike with a friend rather than window-shopping at the mall. Right? If I guessed right, you are not inclined to go spend money, instead of you love spending your time with people. Learning from, laughing with, and supporting those around you is awesome and mostly free. You can lead a rich life figuratively and literally.

3. You value charity.

· You love giving. You share your time, attention, care, nurturing, your most precious resource, and your mind freely with your patients and colleagues. Those who give generously usually end up with plenty. Givers are usually planners. You are able to give because you have made room for and prioritize giving.

4. You are disciplined and diligent.

· If you were not, you’d have been one of those self-declared pre-med who became pre-something-else two weeks into general chemistry in college.

· If you apply the discipline and diligence you master in your academic and professional life to money matters, you will be a millionaire before you know/plan it.

5. You have an amazing work ethic or you are genius.

· Both are helpful to making you rich… goes without saying.

Arthur of Rich Dad Poor Dad. As we do travel rotation at famous institutions to learn from the most esteemed physicians in our field of study/medical specialty, I recommend learning from great minds such as Kiyosaki in the world of financial wisdom.

Now take these five wonderful habits/traits into your money matters,

Better still read and avoid "5 Bad Money Habits of White Coat Professionals" that Bo wrote about.

Keep the good & rid the bad; you’ll be prosperous beyond your wildest imagination.

You can do it!