Great question – most dentists earn rather well as compared to the minimum wage. This means that we are in an amazing position because if we educate ourselves we can leverage our extra wealth to buy back our time and live a life of freedom. Not many professions have this luxury.
The primary purpose of investing is to PROTECT your wealth and then GROW it – in that order. The reality is that unless we do something our wealth is constantly being eroded in value through inflation. We must to something to stop this process.
This depends on your style but I can categorically answer this with a NO if you use a “set and forget” style. Often times these strategies are said to be the most suitable for Dentists anyway given that most Dentists are very busy time poor people. Its all about education and through this we can figure out a style that works for each and every one of us.
Professional advice 100% has a place in your financial plans. HOWEVER understanding money means you can have a conversation on your future from a place of knowledge. When educated you can choose to undertake the DIY approach or seek further guidance. This gives you more freedom.
The best place to get started is to GET EDUCATED. I have a whole host of resources from the very simple for people brand new to the concepts all the way up to the seasoned veterans.