Don’t Just Pay Down Debt. Pay Yourself First.

A world of possibilities lies ahead of you. You anticipate building your patient list, perhaps buying or starting a practice soon, and thriving with a successful, long term business that is both professionally fulfilling and financially rewarding.


But what about all your debt?

Don’t worry, everything is going to be fine… provided you do the right kind of planning ahead of time.


So paying off debt should be my main financial priority?

Not necessarily. Ideally you should pay down your debt and begin to save for the future. It’s natural to want to get out of debt as quickly as possible. However, without saving in the early part of your career, you could end up missing out on many thousands of dollars in savings over the long term.

Even a relatively modest investment of $250 per month, with an average rate of return of 6%, would grow to over $250,000 in thirty years. The key is to get started early.


Plan your finances

This means you should:

  • incorporate debt repayment and savings,
  • add the insurance coverage you need to protect yourself and your practice, and
  • then determine what you have left for living expenses.


Make the hard decisions

Of course, this may require some discipline on your part at first. Figure out what you can live without. A little bit of restraint early in your career may pay huge dividends later as you watch your investments grow.

We can help put together a complimentary plan that reduces your debt, and puts you on the best path for your financial future. Contact CDSPI Advisory Services Inc. at or 1.800.561.9401.

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