By Dr. Charles Patterson, WCI Columnist

Doctors generally suck with money. Doctors are generally good at doctoring. It would seem that if you can become proficient at the latter, the former should come intuitively. Medicine is complex, tedious work that requires its practitioners to become masters of deductive reasoning and wielders of delicate procedural skills. The basic concepts of financial literacy are straightforward and are, for anyone interested, readily accessible. We might not be too far off in saying that, primarily, physicians struggle with money because of financial illiteracy or poor decision-making.

In fairness, there are systemic hurdles that push physicians, as a group, into poor financial report cards. We start out with a boatload of debt. Medical schools haven’t typically included finance topics in their curriculums. Then, once attending life has been reached, the pressures of family and lifestyle (but it’s so good, though…) kick in. Even still,

Keep reading this article on The White Coat Investor.