In this video, Dr Webb reacts to Graham Stephans video, Doctor vs Plumber: Which person is WEALTHIER at age 42?”
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0:00 Introduction
0:40 Importance of disability insurance
2:55 50% of your salary in savings??
3:32 How much you can expect to earn on interest when investing?
3:35 Do doctors get pay raises every year?
10:25 Should you invest or pay off student loans first?
11:45 How much debt do students graduate medical school with?
13:01 How much do residents earn in training?
13:45 How much do doctors earn?
16:04 Doctor vs plumber. Which one is more weathlier at age 42?
What is disability insurance?
As a medical professional, disability insurance is one of the most crucial aspects of your financial plan because your career is dependent on your ability to perform within your specialty.
The most crucial benefit of disability insurance is the replacement of income in the event that you are not able to work. If you become disabled, your disability insurance provides monthly paychecks that will replace your income to ensure that you are protected financially.
More than 25% of adults will become disabled for at least a year because of a disabling condition before they reach the normal retirement age.
Securing your own disability insurance policy is critical to a sound financial plan, especially if you are a physician. Without proper coverage, a disabling event can lead to loss of income, default on debt, and bankruptcy.
For physicians, it is critical to get a true own-occupation policy. That way, you can recieve your entire paycheck, regardless of the length or severity of your disability. Most employer plans only cover a portion of your income and are taxable, leaving you with only a fraction of your income.
Additionally, residency and fellowship are the best time to request quotes and secure a policy because insurance companies offer discounts as high as 40-50%, but once you are done with training, those discounts begin to expire.
Disability insurance is complicated. Doctors shouldn’t have to take time to sort through a bunch of insurance quotes to find the best policy.
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Pattern specializes in true own-occupation disability insurance for physicians. This is why thousands of doctors have trusted Pattern to help them compare and understand the insurance they are buying.
They do this in three simple steps: First, request your quotes online by visiting patternlife.com/antoniojwebbmd. Second, compare your options with one of their unbiased agents. And third, apply risk-free. Be confident you have the right policy so that your income is protected.
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Books I Used to Do Well in Medical School
Constanza Physiology: [ Ссылка ]
Pathoma: [ Ссылка ]
USMLE Step 1 First Aid: [ Ссылка ]
BRS Physiology: [ Ссылка ]
BRS Biochemisry: [ Ссылка ]
BRS Gross Anatomy: [ Ссылка ]
BRS Cell Biology: [ Ссылка ]
BRS Pathology: [ Ссылка ]
BRS Microbiology: [ Ссылка ]
BRS Pharmacology: [ Ссылка ]
BRS Embryology: [ Ссылка ]
Items I Used to Work Out & Stay Healthy in Med School
Harbinger Pro Wristwrap Weightlifting Gloves: [ Ссылка ]
Beats Studio Wireless Over-Ear Headphone (Matte Black) [ Ссылка ]
BlenderBottle Classic Loop Top Shaker Bottle: [ Ссылка ]
Under Armour Men's Muscle Tank: [ Ссылка ]
Under Armour Men's Maverick Tapered Pants: [ Ссылка ]
Fitbit Charge Heart Rate + Fitness Wristband: [ Ссылка ]
1/2-Inch Extra Thick Exercise Mat with Carrying Strap: [ Ссылка ]
What I Took To Stay Healthy While in Medical School!
GNC Pro Performance AMP Amplified Whey Protein: [ Ссылка ]
Natural Vitality Organic Life Vitamins Liquid: [ Ссылка ]
Ninja Professional Blender: [ Ссылка ]
Fish Oil Concentrate with Omega-3 Fatty Acids: [ Ссылка ]
Connect with Dr. Webb at:
[ Ссылка ]
Dr. Webb's new book, Overcoming the Odds (ranked 5 STARS!) is available NOW at: [ Ссылка ]
MEDICAL DISCLAIMER
The information provided is not intended to be a substitute for professional medical advice, diagnosis or treatment. Never disregard professional medical advice, or delay in seeking it, because of something you have read on this website. Never rely on information on this website in place of seeking professional medical advice.
