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Wealth Management Videos

Dr. David Scott, Chief Administrative Officer at US Acute Care Solutions, shares the importance of building ED physician wealth from an early point in your career, and the steps that must be taken to protect it over the long term. He shares the 5 Rules of Wealth Management, his prescription for wealth. Each video is just 3 to 4 minutes in length and well worth your time.  We hope you are able to glean valuable information from this free video series and that you will take the steps described to begin building and sustaining your own wealth for now, and for your future.

The information contained on this website is for informational and educational purposes only. Consult with a professional financial advisor before taking any action.

  1. Ep. 1 - How Money Works
    Ep. 1 - How Money Works

    Dr. David Scott wants new physicians to make the most of their financial opportunity. In this series of free videos, Dr. Scott discusses how to build wealth by learning how money works.

  2. Ep. 2 - One Fact, Two Financial Statements
    Ep. 2 - One Fact, Two Financial Statements

    This video concentrates on understanding your income statement and balance sheet. Dr. Scott makes a comparison between a household checking account and an income statement and demonstrates how to calculate your personal debt to income ratio. 

  3. Ep. 3 - You Don't Get Wealthy at Work
    Ep. 3 - You Don't Get Wealthy at Work

    Accumulating solid assets will help you build wealth, as opposed to spending your income to appear wealthy. Spending your income on solid assets: assets that hold value will build your nest egg and help you accumulate the wealth you will use for your retirement, and hopefully pass on to the next generation. 

  4. Ep. 4 - The Wealthy Take Advantage of Time
    Ep. 4 - The Wealthy Take Advantage of Time

    Dr. Scott discusses the importance of TIME in building wealth. As young physicians, you are blessed with plenty of it, but don’t waste it. Use the techniques presented to help you establish wealth building habits and take advantage of compounding interest over time.

  5. Ep. 5 - Wealth Grows Rapidly for Those Who Follow the 80/20 Rule
    Ep. 5 - Wealth Grows Rapidly for Those Who Follow the 80/20 Rule

    Dr. Scott talks about how following the 80/20 (saving 20% of income while using the 80% to meet your expenses) rule with diligence will result in wealth building in a rapid manner. However, not following the 80/20 rule will leave you working paycheck to paycheck, even as one of the highest earners in the world.

  6. Ep. 6 - Wealth Grows for Investors, but it Flees from Gamblers
    Ep. 6 - Wealth Grows for Investors, but it Flees from Gamblers

    Dr. Scott details how following a simple investment strategy can yield higher than normal returns. Careful planning with diversified investments can bring a higher rate of return as long as you don’t get greedy and invest in risky or improbable ventures.

  7. Ep. 7 - Wealth Grows Safely for Those Who Protect it from Risk - Part 1, Uninsurable Risk
    Ep. 7 - Wealth Grows Safely for Those Who Protect it from Risk - Part 1, Uninsurable Risk

    Protecting your license to practice is the most important step you can take to protect your career, and your ability to build wealth. Dr. Scott talks about the different scenarios that could endanger your license to practice medicine and how to avoid the pitfalls.

  8. Ep. 8 - Wealth Grows Safely for Those Who Protect it from Risk - Part 2, Insurable Risk
    Ep. 8 - Wealth Grows Safely for Those Who Protect it from Risk - Part 2, Insurable Risk

    Any career has its share of risk, but practicing medicine comes with some unique challenges. Malpractice, Life, Disability and Auto and Home insurances are all ways to reduce risk to your personal wealth.

  9. Ep. 9 - Why Do You Want to be Wealthy?
    Ep. 9 - Why Do You Want to be Wealthy?

    Learn Why it is important, even necessary, to build wealth. Dr. Scott discusses the very real way wealth can lead to financial freedom, enabling you to use money as a tool to use in building your life, making meaningful impact on charities that are important to you, and preparing for a comfortable retirement.

  10. Ep. 10 - Student Loans
    Ep. 10 - Student Loans

    Student loans are often seen as a necessary evil. Most physicians will graduate from medical school with approximately $175,000 in loans. Dr. Scott shows you why this should be looked at as a means to a very profitable end, and how to repay the loans in a timely manner. 

  11. Ep. 11 - Buying a Home
    Ep. 11 - Buying a Home

    Dr. Scott continues his series on a prescription for wealth, discussing strategies for purchasing a home with an eye toward building wealth. Create a strong homeownership plan early on for your long-term financial well-being.

  12. Ep. 12 - Cars
    Ep. 12 - Cars

    Dr. Scott explains the difference between the cost of a car and the value of it. He explains car industry tactics and how young physicians can protect their newly developing wealth and still drive a very nice vehicle. 

  13. Ep. 13 - Passive Income
    Ep. 13 - Passive Income

    The level of a person’s income has always been associated with wealth. But as Dr. David Scott notes in this episode, that might just be a misnomer. What should you be looking at, other than salary, when starting your career? 

  14. Ep. 14 - Children Factor - Part 1
    Ep. 14 - Children Factor - Part 1

    Children play an important factor in wealth management. Dr. David Scott helps you prepare for your child’s future education.

  15. Ep. 15 - Children Factor - Part 2
    Ep. 15 - Children Factor - Part 2

    We teach our children a lot of things in order for them to succeed, but when it comes to teaching them how to manage money, some of us fall short. In Episode 15 Dr. Scott discusses raising financially independent children.

  16. Ep. 16 - Opportunity Fund
    Ep. 16 - Opportunity Fund

    If opportunity knocks, will you have the finances to open the door? Probably not. That’s why an opportunity fund should be part of your wealth management strategy.

  17. Ep. 17 - A Tale of Two Vacation Homes
    Ep. 17 - A Tale of Two Vacation Homes

    Is your vacation home a “solid asset” or just “stuff?” Dr. Scott explains the difference in terminology and how that difference can directly impact your wealth management.

  18. Ep. 18 - Finding a Financial Advisor
    Ep. 18 - Finding a Financial Advisor

    Even the best athletes have a coach. In this episode, Dr. Dave Scott suggests hiring a good financial advisor to serve as your “financial coach” when it comes to wealth management. 

  19. Ep. 19 - I Love Roths
    Ep. 19 - I Love Roths

    What’s the best type of retirement account? Dr. Dave Scott outlines standard retirement accounts as well as the advantages offered by a Roth retirement account.

  20. Ep. 20 - On Your Way, Now What?
    Ep. 20 - On Your Way, Now What?

    Are you an over accumulator or an under accumulator? In Episode 20 Dr. Dave Scott explains why it is important to track your net worth.

  21. Ep. 21 - Building Wealth is NOT a Math Problem
    Ep. 21 - Building Wealth is NOT a Math Problem

    According to Dr. Dave Scott, if building wealth was a math problem, we’d all be doing really well!

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