Three Sentence Summary:
- Earned is a new wealth management tool that’s designed specifically for physicians.
- This comprehensive financial platform helps medical pros invest, plan for taxes, pay down debt, maximize their income, make tough career decisions, and more.
- Earned claims to save their clients an average of $77,000 in taxes.
Accelerating Your Wealth
Earned, formerly Forme Financial, is a wealth management startup geared specifically for physicians. It just raised $12 million in a Series A funding round to develop its comprehensive approach to financial planning for medical pros. This includes:
- Debt management
- Career advisory
- Investment management
- Tax planning
- Estate planning
- Insurance planning
But, why do physicians need their own financial platform? Well, physicians have a very unique financial situation:
- High debt: the average medical school student graduates with over $250,000 in student loans, significantly more than most undergraduate students.
- Less time: Due to their extra time in school, they have less time than other people to save and invest.
- High income: Due to their specialized knowledge, they are almost always high earners
That said, despite their highly specific knowledge base, medical professionals are rarely ever taught financial topics. A physician could talk at length about the role of the Vestibulocochlear nerve and its connection to vertigo, but they might not be entirely sure how the stock market works or what an IRA is.
Despite earning so much money throughout their lifetime, 25% of physicians retire with a net worth of less than $1 million.

How Much Can I Make?
Earned has an array of solutions and there are lots of ways that they can help physicians make more money.
For example, Earned claims to have saved physicians an average of $77,000 in taxes by filing more efficiently and claiming specific credits or deductions.
Earned could also help you find the most optimal balance between paying down debt and investing for the future.
Finally, Earned’s team of Certified Financial Planners can help with important career decisions such as when to open a private practice or how to make the right decision from multiple job offers.
Getting Started
If you’re a medical professional then it’s definitely worth looking into Earned to see if they could help you automate and improve your financial planning. If you’re still in medical school then it’s still worth keeping an eye on Earned for future reference.
If you want to get started, you can do so by creating a profile through their beta service, Forme Financial.
Disclaimer: The information provided by Do Not Save Money is for general informational purposes only and does not constitute financial, legal, or tax advice.
Do Not Save Money does not guarantee the accuracy, completeness, timeliness, reliability, suitability, or availability of the information contained on our website or that of any third-party websites we may link to. Do Not Save Money will not be held responsible for any errors or omissions in the information provided or for any loss or damage of any kind arising from or in connection with the use of the information contained on our website. You should seek the advice of a qualified financial advisor or other professionals with any specific questions you may have regarding your financial or legal situation.
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