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How Surgeons Can Avoid Financial Stress


Apr 19, 2018


Being a surgeon is considered one of the most stressful occupations out there. If you’re a stressed surgeon who already has too much on your plate, then you need specialist financial support.

The doctor who’s most committed to his trade and dedicated to his patients is often the first one to suffer from burnout.

Surgeons are usually under even more pressure to perform well at their jobs, always remaining alert and focused even while working long hours on nights and weekends.

As a surgeon, you can’t afford to let anything distract you from your very important role.

How can you prevent financial stress from adding to your burden? Talk to a specialist medical accountant.

Why Surgeons Suffer From Financial Stress

Doctors, surgeons, dentists and other medical professionals start a little further back than a lot of others, in terms of getting their careers underway.

You’ve had years of education to prepare you for this medical world but most of those years weren’t paid. If anything, you still have a vast amount of debt to your name.

Once in the profession, it’s easy to get carried away by visions of the lifestyle you can now afford with your new paycheck. If not paying close attention to where your money is going, you can wind up getting even deeper in debt.

Are you dabbling in various investment schemes?

It’s quite common for surgeons and medical professionals to try building their wealth with an investment portfolio, which is great in theory.

But just because you have the money to invest doesn’t make it wise to immediately pour it into the first opportunity that comes your way. Poor financial choices can be a major source of anxiety for a stressed surgeon.

As a busy surgeon, you won’t have the time to dabble in finances and chart the smartest course for investing your money, let alone seek out the various tax and finance incentives that are available to you, purely because you are a doctor.

Then there’s all the insurances. Not only is it essential you get the right cover, but also the best possible deal.

For help growing your wealth, paying off debt and living within your means, you need some professional help. That’s where a financial adviser or accountant comes into play.

Specialist Medical Accountants

As a medical specialist, you understand better than anyone the value of working with a SPECIALIST. And this goes for the world of wealth. You need someone who understands the financial intricacies of both your career and lifestyle, and has a proven track record of success with others like you.

A medical accountant knows which tax deductions to hunt for to get you the biggest breaks. A medical accountant is also more familiar than other accountants with changes that can affect your practice.

Let a Specialist Take Care of Your Wealth

Just being a surgeon is stressful enough – you don’t need any more unnecessary anxiety!

Everyone may be counting on you to do your job properly and that is a lot of pressure. Fortunately, you can count on others to help you manage your money properly.

Talk to the experienced medical accounting Nitschke Nancarrow team in Adelaide, Melbourne and Sydney, who have spent years helping medical pros keep finances under control and successfully build wealth.

Contact Nitschke Nancarrow managing partner Kym Nitschke for a free initial discussion about your situation. Call us on (08) 8379 9950 or send me an email.

– Kym Nitschke

The information contained on this web site is general in nature and does not take into account your personal situation. You should consider whether the information is appropriate to your needs, and where appropriate, seek professional advice from a financial adviser.

Taxation, legal and other matters referred to on this website are of a general nature only and are based on Nitschke Nancarrow’s  interpretation of laws existing at the time and should not be relied upon in place of appropriate professional advice. Those laws may change from time to time.

Nitschke Nancarrow specialises in accounting, tax and financial advice for superannuation. Contact us now for a no obligations discussion about your needs.

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