Wealth, or the appearance thereof, is often portrayed in American popular culture not by the allocation of one's assets, but rather the number of assets. As such, the most common mechanism by which healthily employed Americans get into financial trouble is, simply, from owning "too much stuff." Health care professionals, especially those in higher income positions, are particularly susceptible to this problem after experiencing delayed financial gratification for so many years in training. What is the seasoned clinician in financial crisis to do?
Dr. John Russell welcomes James Hemphill, Chief Investment Strategist and Managing Director of TGS Financial Advisors, and author of Changing Outcomes: A Financial Recovery Strategy for Peak-Career Physicians. Mr. Hemphill discusses strategies for making significant changes to a troubled financial portfolio, from pushing savings to making assets more functional and productive.
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