With the fast-paced demands of modern medicine, many physicians feel overwhelmed by financial decisions. The constant flood of financial news, social media, and economic uncertainty can make it difficult to know where to start. However, time is one of your most valuable assets, and how you manage it will shape your financial future.

The key to financial success isn’t complicated—it involves taking action, investing in quality, measuring results, and making adjustments. While this may seem simple in theory, many professionals struggle to apply these principles effectively. The biggest challenge? Getting started.

Given the years of education and the debt burden many physicians carry, it’s no surprise that financial planning often takes a backseat during residency. However, by implementing two core financial principles early, physicians can lay the groundwork for long-term financial stability.

Kabir comes from a financially stable family that values education. Unlike many of his peers, he was fortunate to complete both his undergraduate and medical school education with zero debt. In addition, his grandparents gifted him $120,000 to invest, advising only that he “speak with a banker.” However, despite his financial head start, Kabir had no personal experience with investing or wealth management.

As more physicians reassess their finances in 2025, DIY investing is gaining traction. Maria, a fourth-year medical resident, transitioned her investments to a discount brokerage to lower fees, optimize tax efficiency, and take control of her financial future. Learn how she structured her RRSP and TFSA, the benefits of self-managed investing, and why more medical residents are choosing this path to build long-term wealth.