Take Stock on Your Spending

Doctors’ COVID-19 Financial Health Booster

This spring has been a crazy time for everyone, especially our doctors. Just as we have all accepted the “new normal” of social distancing, many doctors have had to accept pay cuts, reduced hours, temporary shutdowns, or even lost their jobs. Any of these alone, or in combination, will create stress on a budget. Luckily, MD Financial works day in and day out to keep our doctors’ financial lives balanced, even in the face of a worldwide pandemic.

We create budgets with almost all of our clients and update them regularly to reflect changes in their lives. Changes incurred by COVID-19 are no different. Above are our 6 steps to examine and boost your financial wellness during COVID-19. Steps 1-5 are all about getting control of your budget and finding extra money that you may not have even realized is there, while step 6 is all about boosting your income. One of the best ways to boost your income, as well as diversify your revenue streams, is to start some sort of side gig. Over 60% of our doctor clients have considered these side gigs, but many times inertia or time management are creating a roadblocks that stop them from taking charge of their finances.

We want to help you build your skillset and become even more aware of the options available, so feel free to watch our live recording from Saturday, June 20th where our advisors, Katherine Vessenes and Josh Lantz, held a live webinar to discuss and answer all your questions about how to get into the side gig business.