139: Financial Independence for Doctors with Dr. Cobin Soelberg

“I’d see residents, as soon as they graduate, they’d buy the Mercedes or they’d want to get a big house and (they’d be) really digging themselves into these holes and feeling stuck. Feeling like the only option was to work more.” -Cobin Soelberg, M.D., J.D.

 

Today’s conversation is all about how much is enough and financial independence. Cohost Dr. Jen Barna talks with Anesthesiologist, Financial Planner and Attorney, Dr. Cobin Soelberg. Tune in to this conversation to hear about the 4% rule, the FIRE movement, and some solid ways to get started making your money work for you so you can get on the path to financial independence.

As a practicing anesthesiologist with legal and financial training, Dr. Soelberg has a unique expertise and understanding of his colleagues' clinical pressures and the financial worries that keep them awake at night. Dr. Soelberg helps his colleagues destroy their student loan debt, protect their income and assets and create a retirement plan that would make you jealous!   

 

Cobin Soelberg, M.D., J.D. is a Certified Financial Planner candidate and owner of Greeley Wealth Management, a financial planning firm, run by a physician for physicians.  He is the treasurer of his private practice anesthesiology group located in Bend, Oregon.  

 

Check out Greeley Wealth - www.greeleywealth.com today to learn how to start making your money work for you.  You can also email Cobin at cobin@greeleywealth.com

Find full transcripts of DocWorking: The Whole Physician Podcast episodes on the DocWorking Blog 

How many coaches do you think your favorite actors and athletes have worked with over the years in order to achieve such extraordinary success?

 

What if you had a team of trusted thinking partners, experienced coaches who have helped hundreds of physicians overcome obstacles and who know what works? 

 

What if you were part of a community of like-minded physicians from across the nation, across specialties and career stages? Your collective brain trust, sharing ideas and experiences, so you would no longer feel like an island, surrounded by people yet alone?

 

What if you had small group coaching sessions, could interact with your coaches and community as often as you wish, and had virtual courses at your fingertips 24-7 that could help you with things like time and stress management, resilience, and mapping out your future to achieve what matters most to you?

 

What if you could have all of this for less than the cost of a single 1:1 coaching session per month?

 

DocWorking THRIVE is the Physician Coaching and Community Subscription Package that Guides You as a Doctor to Embrace Life in the way that is most meaningful to you, integrate that with your work so you can truly thrive, and be a valued member of our growing private community of doctors from across the nation.

Join the DocWorking mailing list by clicking here.

 

At DocWorking, our specialty is Coaching Physicians to achieve the best in life and medicine. 

 

Doctors devote their lives to caring for others. But does that mean they must sacrifice their own health and wellbeing? Absolutely not!

 

At DocWorking, we have developed a unique way to embrace it all.

 

The caring for others that you do so selflessly AND the caring for YOURSELF AND YOUR FAMILY that you crave in order to bring it all into the perfect balance specific to YOU.

 

What if we told you that you CAN have it all? The career you dreamed of when you decided to become a doctor AND the life outside of medicine that you desire?

 

DocWorking empowers physicians to get back on the path to achieving their dreams.

 

Coaches and Courses at DocWorking

Ace the Boards and Max Your CME

Preparing for your board exam or looking for a quick and convenient way to earn CME? Study for your board exam and fulfill your CME requirements with BoardVitals. BoardVitals is the leading online board review platform, with question banks and CME activities available in more than 50 medical and healthcare specialties.

 

Save Money Now: Refinance Your Student Loan Debt

 

Take Back Your Time: Get a Virtual Assistant

Working in the medical field is fulfilling but it can also be exhausting. Physicians often sacrifice their personal time to carry out their duties. They want to go on vacations, start passion projects, or start side businesses but finding the time seems impossible. Recently, more and more physicians are giving outsourcing a try. Outsourcing allows you to delegate tasks to virtual assistants so you can free up your time and finally do whatever it is you’ve been wanting to do.

 

Become a Medical Legal Consultant

We at DocWorking are excited to collaborate with Dr. Armin Feldman to bring you this opportunity to develop a side income or even a full time income while using your clinical skills!

 

Achieve Financial Independence with a Financial Planner/Advisor

Change your trajectory: build financial independence and strength by working with our trusted resources. Working with a trusted financial planner and/or financial advisor can help you to create a specific plan that works for you. The right advisor can help you stay on track to reach your financial independence goal and your next vision.

 

Protect Yourself and Your Family with the Right Insurance

Doctors and their families need many types of insurance–and inadequate coverage can cost you dearly. Connecting with trusted insurance professionals in your area is recommended to be sure you’re appropriately covered.

 

Are you a physician who would like to tell your story? Please email Amanda, our producer, at Amanda@docworking.com to be considered.

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Occasionally, we discuss financial and legal topics. We are not financial or legal professionals. Please consult a licensed professional for financial or legal advice regarding your specific situation.

 

Podcast produced by: Amanda Taran