When most people think of a successful careerist, including medical professionals, they think of someone who can afford a lavish lifestyle and its entrapments—a home in a gated high-rise community, a swanky car or two, and the best educational institutions for their children.
If these successful careerists are queried on their savings, generally they have purchased a few insurance policies and perhaps some stocks and mutual fund policies, mostly to oblige a friend or relative or based on the advice of a colleague or friend.
However, if you look in greater detail at the investments these careerists have made, you may find that their life insurance is woefully inadequate, health insurance has not even been considered, and the investments are...
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