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Physicians who enter practice for the first time often rapidly increase their lifestyle, which can have dramatic consequences for them in the long-term.
Physicians often finish their education burdened with a debt load that can reach six figures. But they also start their professional careers years behind their colleagues in non-medical fields when it comes to saving for retirement. Once they start earning a good salary, the biggest challenge they face is deciding whether to pay down their debt or invest for retirement.