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In this episode of The Physician’s Mind, I sit down with Scott Jarred, Founder and CEO of INVST, to unpack one of the most misunderstood topics among high-income professionals: wealth vs. income. Scott shares his personal journey from financial scarcity to building a successful wealth management firm, and the mindset shifts that completely changed his trajectory. Together, we dive deep into why many physicians earn six figures yet still feel financially stuck—and what it actually takes to build lasting financial prosperity. This conversation goes beyond tactics and into the psychology of money, decision-making, and execution. Scott breaks down common misconceptions physicians have about wealth, why income alone doesn’t equal financial freedom, and how creating a clear vision and rules for money can change everything. If you’re a physician who wants to stop feeling overwhelmed by money and start building true financial freedom, this episode is for you. 👉 Subscribe to The Physician’s Mind for conversations on mindset, money, and long-term success for physicians. 👉 Comment below: What’s the biggest money myth you were taught? _______________________________________________________ Chapters: 00:00 Introduction to Financial Mindset 01:07 Scott's Journey from Scarcity to Wealth 04:50 The Impact of Money on Time and Decisions 08:05 Common Misconceptions About Money 09:19 Financial Stress Among High-Income Physicians 11:53 Why High Income Doesn't Equal Wealth 14:58 Steps for Financial Prosperity for Physicians 20:25 Designing Your Future: Vision and Framework 23:16 Rules of Money and Wealth Building 24:20 The Concept of Retirement and Its Evolution 27:45 Finding Purpose Beyond Retirement 28:27 Financial Organization for Physicians 33:20 Balancing Risk and Smart Investing 35:48 Understanding the Philosophy of Saving 37:53 Creating Your Own Financial Framework _______________________________________________________ FOLLOW US: Instagram → / thephysiciansmind Spotify → https://open.spotify.com/show/2RaPrIf... Courses → https://www.thephysiciansmind.com/course Blog → https://www.thephysiciansmind.com/blog 🌐 Explore more at our website: https://www.thephysiciansmind.com