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Financial Mistakes Doctors Make: How to Avoid Them with Medics' Money Want the latest financial tips for doctors and exclusive invites? Join 56,000 doctors here https://www.medicsmoney.co.uk/join-me... Want a free assessment of your finances? Click here [https://medics-hnz5twj1.scoreapp.com](https://medics-hnz5twj1.scoreapp.com/) Want to improve your finances fast? Then come on our course https://www.medicsmoney.co.uk/medics-... GP partner looking to improve your practice/ Then come on our course https://www.medicsmoney.co.uk/gp-part... Follow us on [Instagram]( / medicsmoney ) In this video, Dr. Ed Cantelo and Dr. Tommy Perkins from Medics' Money discuss the critical lack of financial education among doctors and how it leads to costly mistakes. Through the hypothetical yet realistic case studies of Dr. Wealthy and Dr. Trapped, they demonstrate how different financial habits can lead to drastically different outcomes. Learn how Dr. Wealthy achieved financial independence and success by making smart financial decisions, from early savings to tax-efficient investments, versus Dr. Trapped's high spending and poor financial planning. Discover resources and strategies to manage your finances, avoid common pitfalls, and achieve financial freedom without overworking. 00:00 Introduction to Financial Education for Doctors 00:33 Meet the Founders of MedicsMoney 01:24 The Tale of Dr. Wealthy and Dr. Trapped 02:55 Foundation Years: Setting the Financial Foundation 05:51 Registrar Years: Building Wealth and Making Mistakes 09:48 Early Consultant Years: Tax Efficiency and Investments 11:46 Middle Age and Retirement Planning 13:55 Final Thoughts and Call to Action Follow us on [Twitter](https://x.com/medicsmoney) DISCLAIMER: This channel is for education purposes only and does not constitute financial advice and tax allowances and rates are subject to change.