On this episode of Prosperous Doc™, we welcome Dr. Sanjiv Lakhia. Dr. Lakhia is a physician with Carolina Neurosurgery and Spine Associates, with offices in Charlotte, North Carolina and Rock Hill, South Carolina. Dr. Lakhia joins us to discuss some of the unique financial pressures facing physicians today. (1:35)
First, we hear Dr. Lakhi discuss the need for physician-specific health and wealth resources. (2:05) He goes on to examine how sound financial decisions can lead to better physical and emotional health. He also highlights the financial peer pressure that can undermine a physician's financial plans. (3:45) Dr. Lakhia then reflects upon financial mistakes he has made and the insight he gleaned in the process. (7:50)
Dr. Lakhia discusses some specific investment propositions for doctors, specifically the pro forma, and talks about why he is not a believer. (12:34) He then addresses various biases, including overconfidence bias and confirmation bias, that can affect decision-making. (15:56) Dr. Lakhia goes on to speak to the role financial pressure plays in physician burnout. (19:35)
The episode wraps up with Dr. Lakhia's best advice for medical students hoping to achieve financial wellness (21:46). Learn more about Dr. Sanjiv Lakhia and his work at Carolina Neurosurgery and Spine Associates by visiting their website at https://www.cnsa.com/.