There’s a general consensus that the five most important things in life are family, friends, love, passion, and health. I agree, and I’ll add one more—freedom
And for better or worse, freedom is tied to money. Not just because it buys you things, but because the real power of money is that it provides you the freedom to enjoy the list above.
I’m Dr. Viveta Lobo…a mom, physician, wife, and daughter. I am a practicing Emergency Medicine physician and self-taught investor. And my mission is to help you develop the financial skills to lead your own life of freedom.
As healthcare professionals, we spend decades of our lives preparing for next steps. We constantly focus on each next thing we need to do to achieve our goal of becoming good physicians. Throughout my training and early career, I always thought there would be time later for the other important things in life, like family and friends. But ten years after becoming a doctor, I realized I still hadn’t found a consistent way to enjoy that list. I struggled to find quality time with my husband, worried I wasn’t being a good mom, and juggled so many professional and personal responsibilities that it never felt like there were enough hours in the day.
Eventually I found myself thinking, why CAN’T I go to all my kids’ school events if that’s what I want to do? Why CAN’T I have date night with my husband when we want, why can’t I travel, or do all these things I have a passion for?
That’s when I decided to figure out how to get more freedom. And now I want to help you learn how to get that, too.
Through the Stocks4Docs podcast, I show healthcare professionals how to take the reins of their finances and build wealth. It’s a place for busy healthcare providers to learn the basics of wealth management and get simple, actionable advice.
Exploring Your Investment Options
On my podcast, you’ll learn that each type of investing has its pros and cons. Real estate can be time consuming and hiring management firms eats into your returns. Mutual funds can provide great long-term benefits, but will it be enough for what you want to do? And fees to fund managers can eat into your equity, so you have to think about what services are worth it to you to pay out for. So you really need to discover which investment strategies will work the best for your own situation.
I explored my options and chose stock investing. Even within that there are many choices, and my focus is individual stocks, which means investing in specific individual companies. Because I realized a secret—it’s not rocket science, but many people, especially fund managers, want you to think it is.
It’s probably not harder than your day job. But you need to put in some effort up front, and that’s what this podcast is about–how to get started on value investing. It’s the same type of investing that Warren Buffet preaches and has used for over 50 years. And as he says, there are two rules. Rule number one is don’t lose money. And rule number two? It’s don’t forget rule number one.
In Stocks4Docs, we’ll explore value investing in depth, talk about how to get started, and share the top things you need to know to make it successful.
Why Is Financial Investing Important for Physicians?
You don’t need to look far to answer that question. And after the events of 2020, you don’t need to look any further than COVID. From budget cuts to frontline work coping with fear and scarcity of supplies, everything in our industry shifted. Even long after the pandemic ends, there will continue to be unexpected world and personal events that make it increasingly important to have solid investments. It’s time to take control and make a plan for your financial future.
Invest in yourself this year. With the new year comes a new outlook and new opportunities. Your timing is perfect to set 2021 financial goals and create your attack plan. Understand that investing is something you can teach yourself, you don’t have to buy anything from anyone to learn about it.
No one will care for your financial security more than you. Take control of your future and let us help you learn how to make sound investment decisions. Long term financial freedom is a choice and you alone decide when to start down this road.
The future you desire is well within your reach. All you need is an investment strategy that aligns with your goals.
Just remember you don’t have to travel it alone.
Click here to listen to Stocks4Docs now.