A Wealth and Investment Primer for Plastic Surgeons: The Two Pillar Framework

Sound investing, analogous to maintaining good health, is a long-term process that must be continuously nurtured and strengthened. This article will describe how adhering to a simple, two-pillar framework can help plastic surgeons secure superior wealth generation. Our first pillar is anchored on developing a consistent savings plan geared to circumstances and lifestyle goals at each career stage. Each plastic surgeon’s path is unique, but there are common drivers based on substantial upfront educational costs and high life-time wage incomes. The second pillar is focused on generating strong after-tax investment performance over many market cycles. This primer presents pragmatic steps plastic surgeons should consider for financial planning, approaching capital markets, and selecting advisors. Strong financial planning, combined with a more active and transparent investing approach, can deliver superior financial outcomes. This is an introduction only focused on investing in public securities versus illiquid assets (an asset that cannot be converted to cash in a short period, usually defined as less than 7 days, like real estate or art collectibles, for instance) and is not meant to be exhaustive or constitute investment advice regarding any asset class, strategy, or examples cited herein.