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As a doctor, you spent decades in school to get to where you are. Unfortunately, during all those years in medical school and residency, you probably didn't receive a financial education. But, not to worry. That's where I come in. Think of this podcast as your financial residency without the long hours and sleepless nights! I will guide you through a financial education resulting in money confidence and clarity in this critical aspect of your life. You'll understand how you make money, how you spend money, how your hard-earned money can work for you, and how to protect yourself and your family. I have witnessed residents and fellows bombarded by life and disability insurance salesmen and other "investment" pitches that are not in their best interest. You didn't receive any formal financial education in your decades of medical training, so how are you supposed to know the good financial advisors from the bad? This podcast will help with that. Remember, it's ok to not know the difference between a ROTH IRA and a 403b or which 529 plan is best. This podcast will simplify highly complex concepts and translate industry jargon into plain English. Are you ready to take action and make smarter, more informed financial decisions? Great - let's do this! Let your financial residency begin.
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A final thank you to all the loyal listeners as we end the Financial Residency Podcast Series. Please visit our website, www.financialresidency.com when you need to find a trusted resource for physician mortgages.
Dr. Cory Fawcett literally wrote the book on "Managing a Financial Crisis" as part of his Doctor's Guide series. He joins us today to talk about the steps a physician can take to navigate the crisis by methodically evaluating resources and making a plan to move forward, deal with the emotional fallout, prevent loss of relationships from the event and hopefully come out in a better place on the other side. You can learn more about Dr. Fawcett, read his blog, take a course or obtain coaching at www.FinancialSuccessMD.com.
Dr. Mary Anderson is a clinical psychologist who works with high achievers, including many physicians, med students and residents. As a profession, we are often perfectionists, which can lead to feelings of imposter syndrome, high stress and burn out. She has written a book called "The Happy High Achiever: 8 Essentials to Overcome Anxiety, Manage Stress and Energize Yourself for Success - Without Losing Your Edge." She shares many helpful insights today about actionable self care to maintain gratitude and positivity while limiting cognitive distortion that causes stress, performance paralysis and self-doubt. Her new book comes out 9/24/24. You can learn more about Dr. Anderson at www.MaryAndersonPHD.com.
This is one of my favorite episodes. Dr. James Young and I talked talked about what it felt like to experience burnout and how he was able to battle his way back to find the love of medicine. It involves self-discovery, acceptance, pivoting and standing up for yourself. I hope you enjoy the episode as much as I did!
Dr. Jordan Grumet is the podcast host of Earn and Invest and author of "Taking Stock: A Hospice Doctor's Advice on Financial Independence, Building Wealth and Living a Regret-Free Life." He reflects on his hospice patients and own experiences, which taught him the importance of finding those things that fill your cup and bring you joy. We talk about finding the balance between building our finances and living life intentionally. He shares his philosophy on the Art of Subtraction, Joy of Addition and Need for Substitution when navigating through life. You can learn more about Jordan or listen to his podcast by going to www.JordanGrumet.com.
Dr. Niki Kennedy started out as a biomedical engineer, but then became a vascular surgeon. Her passion is bringing people together to advance medical technology and make healthcare better. She founded Arbor Hive, which is a network of physicians, allied health professionals, business owners, investors, engineers and others who come together to make this happen. Joining the group is free and can help you make contacts with others. Whether you are an innovator looking for guidance on getting something through FDA approval or learning about investors who might make your dream possible or perhaps you would like to consult with start-ups who need your professional input, Arbor Hive may be of interest to you. Arbor Hive is having an online meeting 9/23/24 with a national speaker from the Angel Capital Association. If you are interested in learning more you can go to www.ArborHive.com or find them on LinkedIn.
Physician philosopher, author, anesthesiologist and host of Money Meets Medicine podcast Dr. Jimmy Turner joins us today to talk about how enjoying the journey can help a physician maintain and achieve happiness both personally and professionally. Although it is important to plan for the future, it is also important to live in the present. Being intentional about life and money can be the key to living your best life. You can learn more about Dr. Jimmy Turner at www.MoneyMeetsMedicine.com where you can also listen to his podcast, download his book or read about his coaching opportunities.
Many physicians are now using AI medical scribes to take notes during appointments. It allows doctors to truly interact with their patients while at the same time making them more efficient and notes more detailed. Freed founder Erez Druk and his wife Dr. Gabi Meckler join us today to talk about the inspiration for Freed, how it works, the cost for using the technology and new innovations currently being developed for future iterations of the software. If you are interested in trying Freed, you can do a free trial and if you like it you can get a discount of $50 for the first month just for being a Financial Residency podcast listener by using the code FR2024. Go to www.Freed.ai to learn more.
This episode is brought to you by Equity Multiple. Dedicated to assisting physicians in simplifying their investment journey, Equity Multiple enables passive investment in vetted, professionally managed commercial real estate. Learn more at www.equitymultiple.com. Alexis Gallati is the owner of Cerebral Tax Advisors and author of Advanced Tax Strategies for Medical Professionals. She works with physicians to legally shelter money from taxes. She shares several ideas with us today that independent contractors, business owners and those with side gigs can utilize to not only lower their tax burden but also potentially add to their retirement plan. You can learn more about Alexis and her Cerebral Wealth Academy at www.CerebralTaxAdvisors.com.
This episode is brought to you by Equity Multiple. Dedicated to assisting physicians in simplifying their investment journey, Equity Multiple enables passive investment in vetted, professionally managed commercial real estate. Learn more at www.equitymultiple.com. John Dameron, financial advisor with Spaugh Dameron Tenny, joins Dr. Tammy to share insights on how residents and new attendings can set themselves up for financial success by determining early on what is important. Setting short, mid and long-term goals is vital to a physician's success. John explains "Money Dysmorphia" and how to avoid it. He talks about various factors in financial planning, such as asset protection, debt management and investing. You can learn more about John at www.SDTplanning.com.
This episode is brought to you by Equity Multiple. Dedicated to assisting physicians in simplifying their investment journey, Equity Multiple enables passive investment in vetted, professionally managed commercial real estate. Learn more at www.equitymultiple.com. Curtis May with Practical Wealth Solutions joins us today to talk about his 6 Principles of Investing. He also offers a free report on the Value of Liquidity if you text BETHEBANK to 55444. You can learn more about Curtis at www.PracticalWealth.net.
This episode is brought to you by Equity Multiple. Dedicated to assisting physicians in simplifying their investment journey, Equity Multiple enables passive investment in vetted, professionally managed commercial real estate. Learn more at www.equitymultiple.com. Preston Crouse joins us today to talk about his experience buying a home and to give tips to those who are getting ready to do the same. He explains the process of getting preapproved, documents you will need to get a mortgage, how banks determine how much house you can afford and how much money you can expect to need at closing.
This episode is brought to you by Equity Multiple. Dedicated to assisting physicians in simplifying their investment journey, Equity Multiple enables passive investment in vetted, professionally managed commercial real estate. Learn more at www.equitymultiple.com. Dr. Lisha Taylor, podcast host of WealthMindedMD, joins us to talk about 5 important things to review either when taking a new job or annually when signing up for new benefits. We talk about protecting yourself, reviewing benefits, maximizing retirement accounts, being strategic about time off and making sure you understand your schedule and expectations. You can learn more about Lisha or listen to her podcast at www.WealthMindedMD.com.
This episode is brought to you by Equity Multiple. Dedicated to assisting physicians in simplifying their investment journey, Equity Multiple enables passive investment in vetted, professionally managed commercial real estate. Learn more at www.equitymultiple.com. Darick Hensel with Wintrust Mortgage has been helping people get into homes for 20 years. He talked with us today about strategies for home buying, building savings and improving credit scores. He has a special love for educating physicians as he is married to one. He encourages everyone to learn as much as they can before starting the homebuying process. You can learn more and reach him at www.DarickHensel.com.
This episode is brought to you by Equity Multiple. Dedicated to assisting physicians in simplifying their investment journey, Equity Multiple enables passive investment in vetted, professionally managed commercial real estate. Learn more at www.equitymultiple.com. Infidelity of any kind can wreck a relationship. Behavioral financial planner Shane Tenny talks about financial infidelity, which is more a betrayal and breach of trust than a conflict about the money itself. He explains what it is, how to spot it, how to avoid it and how to recover from it. You can also read his blog on this topic at https://www.sdtplanning.com/blog/financial-infidelity-its-not-about-the-money-its-about-trust.
This episode is brought to you by Equity Multiple. Dedicated to assisting physicians in simplifying their investment journey, Equity Multiple enables passive investment in vetted, professionally managed commercial real estate. Learn more at www.equitymultiple.com. Elizabeth Landry founded The Med Commons to help physician spouses and partners navigate life in the world of medicine. It can be lonely and isolating at times. Nonmedical friends may not understand the burdens placed on the partner who is trying to hold the family together when the physician partner is working 80 hours per week. They may think the physician family is so lucky when really they are saddled with $350,000 in debt and are juggling money to pay bills during residency. Elizabeth is trying to bring physician families together so they have community. She is working with residency programs to incorporate physician spouse/partner programs into their wellness programs as family happiness equates to physician happiness, which can help with overall satisfaction, recruiting and retention. She even has a friending app to help people find others within 50 miles who may understand and be navigating a similar pathway so they can connect. You can learn more at www.TheMedCommons.com. You can also find them on Instagram.
This episode is brought to you by Equity Multiple. Dedicated to assisting physicians in simplifying their investment journey, Equity Multiple enables passive investment in vetted, professionally managed commercial real estate. Learn more at www.equitymultiple.com. We all know it's important to save for our future, but what about today? It is equally important to live our lives in the here and now. As physicians, our time is precious. This episode is to remind you that it is OK to buy back some time so you can enjoy those people you love, recover from a hard week at work or whatever it is that brings you joy.
This episode is brought to you by Equity Multiple. Dedicated to assisting physicians in simplifying their investment journey, Equity Multiple enables passive investment in vetted, professionally managed commercial real estate. Learn more at www.equitymultiple.com. Many physicians are interested in diversifying their portfolio with passive real estate investing. Charles Clinton joins us to talk about the risks and benefits of alternative investments with a crowdfunding platform as both the real estate owner and lender. We explore how current interest rates are affecting investments, tax benefits of real estate and how fractional real estate ROI is distributed. You can learn more and sign up for free education at www.EquityMultiple.com.
This episode is brought to you by Equity Multiple. Dedicated to assisting physicians in simplifying their investment journey, Equity Multiple enables passive investment in vetted, professionally managed commercial real estate. Learn more at www.equitymultiple.com. Where do you start when trying to build wealth? Do you pay off the mountains of debt accumulated through medical school? Do you invest for retirement? What about saving to put the kids through school? Brian Preston, podcast host of The Money Guy Show, joins us today to talk about his Financial Order of Operations. He recommends systematically working through these 9 steps to secure your financial future. Brian also talks about his new book called "Millionaire Mission" that just came out on 5/28/24. You can get more free resources for wealth management and learn more about his book at www.MoneyGuy.com.
This episode is brought to you by Equity Multiple. Dedicated to assisting physicians in simplifying their investment journey, Equity Multiple enables passive investment in vetted, professionally managed commercial real estate. Learn more at www.equitymultiple.com. Investing for your future is important, but getting out from under a mountain of student loan debt requires an equal amount of planning. Will Koster is a CFP with Spaugh Dameron Tenny who specializes in student loan planning for physicians. He helps to explain the confusing world of income driven repayment plans, consolidation vs refinancing, and Public Service Loan Forgiveness programs. He also offers a free 30-minute consultation for physicians to discuss student loan repayment strategies. To learn more, go to www.SDTplanning.com.
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