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"#3--there is a certain public perception of what doctors should be like, just like the perception of what a millionaire should be like."Maybe every doctor should have The Millionaire Next Door as required reading??????Hollywood does portray millionaires as spendthrifts and high consumption lifestyles, when the opposite is true for most. Even middle income people, especially 'managers' and above, get caught in the 'status trap'. " You can afford it " type marketing..."you earned it, you deserve it". Doctors get marketed to...they are high income earners....who do tend to go hog wild and consume....and therefore accumulate little net worth compared to their earnings. (Under Achievers of Wealth). They also feel that they can and will keep making big bucks year after year, so no need to save for a rainy day. More reading on this in TMND.....telegraph....never owned a car that cost more than $20,000 new.......or a Rolex...or a Lexi.... retired early......
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