Claim OwnershipFinancial Residency
Subscribed: 494Played: 45,797
Subscribe
© Financial Residency LLC. All Rights Reserved
Description
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.
976 Episodes
Reverse
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.
Are you a physician considering a side hustle? Recent statistics show that 36% of physicians engage in outside income activities, driven by salary cuts and the desire for financial diversification. Understanding the terms of your contract is crucial, as it may contain restrictions on outside activities. In this discussion, we explore the benefits of side hustles, potential income strategies, and how Contract Diagnostics can assist you in navigating your employment contract to ensure compliance while maximizing your earning potential. Reach out to us for expert guidance! Jon invites individuals to contact Contract Diagnostics through phone, chat, or email for personalized assistance, visit www.ContractDiagnostics.com
In the complex world of physician compensation, deciding between a low base salary with a lower patient cap or a higher salary with a higher patient cap can be challenging. Jon Appino dives into the factors that influence this decision, including long-term career goals, financial stability, and market conditions. Understanding the implications of each structure is crucial for making an informed choice that aligns with your personal and professional aspirations. If you're navigating a new position and need expert guidance, reach out to us for tailored advice and support! Jon invites individuals to contact Contract Diagnostics through phone, chat, or email for personalized assistance, visit www.ContractDiagnostics.com
In this episode of "A Life Well Lived: A Physician's Guide to Wealth," James Nutter provides a comprehensive checklist for pursuing Public Service Loan Forgiveness (PSLF) for physicians. He breaks down the steps to understanding the requirements, confirming if PSLF is right for you, getting organized and doing it consistently, building a contingency plan, and what to expect when you reach 120 payments. With insights from a client who had over $200,000 in loans forgiven, James offers valuable tips and resources to help physicians navigate the PSLF process successfully. Timestamp Summary 1:06 Essential PSLF Tips for Physicians Seeking Loan Forgiveness 6:30 Determining Employer Eligibility for Public Service Loan Forgiveness 11:23 Evaluating Public Service Loan Forgiveness Suitability and Strategies 16:48 Strategic Income Reporting for Lower Loan Repayments 19:40 Strategies for Timely Student Loan IDR Recertification 25:53 Mastering PSLF Through Organized Documentation and Regular Submissions 28:51 Identifying an Authorized Official for Employment Verification Advisory services offered through Commonwealth Financial Network®, a Registered Investment Adviser.
As a recently graduated family medicine physician, navigating the choice between private practice and hospital employment can be complex. Understanding the differences between W2 and 1099 structures is crucial for your career path. This guide explores the benefits and drawbacks of each option, considering factors like tax implications, scheduling flexibility, and family needs. Discover how to align your employment choice with your personal goals, whether you prioritize benefits, retirement plans, or the flexibility of independent contracting. Reach out for expert advice tailored to your unique situation! Jon invites individuals to contact Contract Diagnostics through phone, chat, or email for personalized assistance, visit www.ContractDiagnostics.com
Comments
Download from Google Play
Download from App Store
United States