by Sanjeev Bhatia, MD, and David B. Mandell, JD, MBA
With health care continuously in flux, physicians of all specialties have often wondered how to maintain their income and achieve financial goals while avoiding burnout. Although ancillary revenue streams have decreased and overhead costs have increased over the years, the single most powerful wealth creator in human history has remained constant: Compound interest.
Physicians too often focus on practice-related revenue streams as a sole means for building wealth without realizing the comparative might of a compounding asset class. In some
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