A SIMPLE CHECKLIST FOR THE AVERAGE INDIAN DENTIST
Professional Indemnity Insurance ( From day 1 of your practice )
Professional Tax
6 months savings ( Covid 19 Lockdown was the best teacher)
Term Insurance * ( As soon as you have financial dependents )
Health Insurance
Using tax deductions like 80C (PPF) and 80CCD1B(NPS)
Equity ( Mutual funds / Stocks )
Gold ( SGB , Gold Funds )
*Do not confuse with LIC , endowment , etc : Please research further
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This is a start for an Average Indian Dentist . Not the end . Study each option in detail before investing. The top 5 are compulsory for everyone. The remaining depends on individuals requirement and risk appetite.
The experts who have guided me are my father Dr. Umesh Rai , my wife Dr. Purnima Bhat , Dr. Bhavdeep Ahuja , Vikrant Shetty , Dr. Nirav Shah , Major Dr. Gaurav , etc
Additional resources : Dr. Bhavdeep Ahuja , Varun Malhotra , freefincal ( pattu ) , relakhs etc
Why this blog ? I didnt know where to start and i believe most of my fellow dentists are as ileterate as me. Hope this helps others . I still have not completed this simple checklist .
What the name ? Finance R.A.I.D : Finance Recommendations for the Average Indian Dentist
What next ? Nothing . This is a check list . No details here. Do your research and try to complete the above list.
Special thanks : Dr. Bhavdeep Ahuja !
Professional Indemnity Insurance ( From day 1 of your practice )
Professional Tax
6 months savings ( Covid 19 Lockdown was the best teacher)
Term Insurance * ( As soon as you have financial dependents )
Health Insurance
Using tax deductions like 80C (PPF) and 80CCD1B(NPS)
Equity ( Mutual funds / Stocks )
Gold ( SGB , Gold Funds )
*Do not confuse with LIC , endowment , etc : Please research further
*******************************************************************************
This is a start for an Average Indian Dentist . Not the end . Study each option in detail before investing. The top 5 are compulsory for everyone. The remaining depends on individuals requirement and risk appetite.
The experts who have guided me are my father Dr. Umesh Rai , my wife Dr. Purnima Bhat , Dr. Bhavdeep Ahuja , Vikrant Shetty , Dr. Nirav Shah , Major Dr. Gaurav , etc
Additional resources : Dr. Bhavdeep Ahuja , Varun Malhotra , freefincal ( pattu ) , relakhs etc
Why this blog ? I didnt know where to start and i believe most of my fellow dentists are as ileterate as me. Hope this helps others . I still have not completed this simple checklist .
What the name ? Finance R.A.I.D : Finance Recommendations for the Average Indian Dentist
What next ? Nothing . This is a check list . No details here. Do your research and try to complete the above list.
Special thanks : Dr. Bhavdeep Ahuja !
