Your stipend is small. The habits you build on it aren’t.
A 2-minute money check-up made for young doctors: where you stand, what you’re missing, and what matters most right now.
Start the check-upThe most expensive thing a young doctor does is wait.
Same ₹10,000 a month. Same assumed return. The only difference is the age you start. Residency feels like the wrong time to begin. It’s the cheapest time you’ll ever get.
₹10,000 a month until age 60
- Start as a resident at 26₹3.45 Cr
- Start as a new consultant at 31₹2.05 Cr
- Start once you feel settled at 36₹1.20 Cr
Starting five years later leaves you with about 41% less, for only 15% fewer years of investing.
Illustration at an assumed 10% a year, compounded monthly. Not a forecast or a promise of returns. Mutual fund investments are subject to market risks.
Your 2-minute money check-up
Thirteen quick questions. A report with your score, what’s missing and what to do first.
Where are you in your medical career?
Five things young doctors tell us, and what’s really going on
Presenting complaint
“I'll start investing once I'm a consultant.”
Waiting feels free. It's the most expensive decision on this page.
Start small now and step it up with every raise.
Presenting complaint
“A relative sold me a policy, so I'm covered.”
Policies that mix insurance and investment often do neither job well.
Separate health and term cover in your own name. Review what you were sold.
Presenting complaint
“The hospital covers my health.”
That cover usually ends the day residency ends or you change jobs.
Your own health cover, bought while you're young and healthy.
Presenting complaint
“A senior shared a stock tip in the group.”
A tip isn't a plan, and the losses are yours, not theirs.
Diversified, rules-based investing linked to your goals.
Presenting complaint
“First salary: new car, new phone, both on EMI.”
Lifestyle EMIs claim your income before saving gets a chance.
Pay yourself first: a SIP that runs on salary day.
Two minutes now. Thirty years of difference.
Built around a doctor’s career by Financial Wisdom, Margao, Goa. AMFI Registered Mutual Fund Distributor: ARN 174062.