TyrconnellFL t1_j1tc3nj wrote
Doctors and dentists are known for going from being very indebted and poor to middle class and then suddenly exploding into the top 5% of salaries with no knowledge.
Don’t do anything sudden with sudden wealth. Lenders and companies know you are likely not to be expert with it and you’re an easy mark. Review the basics. If you do seek an advisor, make sure it’s a fiduciary acting in your interests and not working on commission to sell you financial stuff you don’t need. Watch out for whole life insurance hucksters!
The wiki here gives a good starting point. White Cost Investor has good advice for your position too if you resist the stuff they couldn’t resist trying to sell you.
AutoModerator t1_j1tc3pb wrote
Here's a link to the PF Wiki for helpful guides and information.
I am a bot, and this action was performed automatically. Please contact the moderators of this subreddit if you have any questions or concerns.
[deleted] t1_j1td58h wrote
[deleted]
Viewing a single comment thread. View all comments