Docs Outside The Box

Dr. Nii Darko
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Aug 29, 2022 • 43min

Why the average doc is not a millionaire #310

SEND US A TEXT MESSAGE!!! Let Drs. Nii & Renee know what you think about the show!Nii and Renée return from their Disney vacation to discuss Money Trap #5. This conversation is about what physicians, at every level, should be spending their money on. They also discuss the perceived notion that all doctors are millionaires and the reality and implications of overspending. Things to expect in this episode:Nii and Renée talk about their hella expensive Disney vacationThe perception that all doctors are millionairesOverspending and the lifestyle creepMedscape’s survey on how physician compensation changed in 2021Why the biggest flex in life is the ability to say ‘No’Check out St. John Associates to help you find your next job AND reach your lifestyle goals. www.StJohnJobs.com/Docs WE WANT TO HEAR FROM YOU!!!! FILL OUT THE DOCS OUTSIDE THE BOX PODCAST SURVEY (in partnership w INCROWD)INCROWD MAKE EXTRA MONEY AS A RESIDENT OR ATTENDING - COMPLETE MEDICAL SURVEYS WITH INCROWDWATCH THIS EPISODE ON YOUTUBE!  Join our communityText word PODCAST to 833-230-2860 Twitter: @drniidarkoInstagram: @drniidarkoEmail: team@drniidarko.com Podcasting Course: www.docswhopodcast.comMerch: https://docs-outside-the-box.creator-spring.com This episode is edited by: Your Podcast Pal
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Aug 26, 2022 • 38min

She's delivered a baby on almost every continent! #309

SEND US A TEXT MESSAGE!!! Let Drs. Nii & Renee know what you think about the show!Nii brings talks to Dr. Rachael Consoli, an OB/GYN who presently is working in a United States military hospital in South Korea and has the unique distinction of having delivered babies on nearly every continent in the world. Listen in as Nii asks Rachael why she chose to follow this less-than-traveled path in medicine. Things to expect in this episode:Dr. Rachael’s journey from EM residency to OB/GYNThe challenges and rewards of humanitarian and locums workTraveling the world and immersing oneself in the local cultureSaving for retirement and vetting humanitarian organizationsHer experience serving the people of Utqiagvik, Alaska, the most northern city in the worldWE WANT TO HEAR FROM YOU!!!! FILL OUT THE DOCS OUTSIDE THE BOX PODCAST SURVEY (in partnership w INCROWD)INCROWDMAKE EXTRA MONEY AS A RESIDENT OR ATTENDING - COMPLETE MEDICAL SURVEYS WITH INCROWDWATCH THIS EPISODE ON YOUTUBE! Join our communityText word PODCAST to 833-230-2860 Twitter: @drniidarkoInstagram: @drniidarkoEmail: team@drniidarko.com Podcasting Course: www.docswhopodcast.comMerch: https://docs-outside-the-box.creator-spring.com This episode is edited by: Your Podcast PalThis episode is sponsored by:Locumstory. Learn how locum tenens helps doctors make more and have the lifestyle they deserve!. Check them out HERE!
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Aug 24, 2022 • 11min

Tax Series Part 3: Your business 401k can decrease your taxes by this much! #308

SEND US A TEXT MESSAGE!!! Let Drs. Nii & Renee know what you think about the show!We're continuining the Tax Series  with Eric McGlothen - CPA and CEO of Eric McGlothen, LLC. In this episode we're talking about how to best save for retirement through your 9-5 employer’s 401k plan AND/or your own business’s retirement accounts. Eric lays out how your business' 401k plan reduces your taxable income.   Things to expect in this episode:Designing your solo 401k plan and the beauty of being an entrepreneurThe benefits of starting a payroll for your businesssThe tax efficient way to set up your retirementGuest Contact Information:Website: https://www.emac-cpa.com/Email: info@ericmcglothenllc.comTwitter: @emaccpaFacebook: https://www.facebook.com/people/Eric-McGlothen-LLC-CPA/100063691114849/Phone: (404) 946-1855Youtube Show: Level Up with Eric McGlothenWE WANT TO HEAR FROM YOU!!!!  FILL OUT THE DOCS OUTSIDE THE BOX PODCAST SURVEY (in partnership w INCROWD)INCROWDMAKE EXTRA MONEY AS A RESIDENT OR ATTENDING - COMPLETE MEDICAL SURVEYS WITH INCROWDWATCH THIS EPISODE ON YOUTUBE! Join our communityText word PODCAST to 833-230-2860 Twitter: @drniidarkoInstagram: @drniidarkoEmail: team@drniidarko.com Podcasting Course: www.docswhopodcast.comMerch: https://docs-outside-the-box.creator-spring.com This episode is edited by: Your Podcast PalThis episode is sponsored by: Provider Solutions & Development. Experts in holistic career coaching – check them out HERETwitter: @PSDConnectsFacebook: @PSDConnectsLinkedIN: Provider Solutions & DevelopmentSet For Life Insurance. What the Darkos use for great disability insurance at a low cost!! Check them out at www.setforlifeinsurance.com
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Aug 22, 2022 • 15min

Tax Series Part 2: Do THIS before you hire your CPA #307

SEND US A TEXT MESSAGE!!! Let Drs. Nii & Renee know what you think about the show!Dr. Nii returns with Eric McGlothen with Tax Series #2: How to Vet a Great CPA in this Docs Outside the Box special tax series. Eric is a CPA and CEO of Eric McGlothen, LLC. In this episode, Nii and Eric discuss how to find and build a relationship with a CPA, the obligations that both the client and the CPA must meet, and the reasonable expectations that must be met.Things to expect in this episode:Referrals, plus discerning whether a potential CPA is reactive or proactive The importance for clients to provide their CPA with as much information as possible CPAs and tax planningGuest Contact Information:Website: https://www.emac-cpa.com/Email: info@ericmcglothenllc.comTwitter: @emaccpaFacebook: https://www.facebook.com/people/Eric-McGlothen-LLC-CPA/100063691114849/Phone: (404) 946-1855Youtube Show: Level Up with Eric McGlothenWE WANT TO HEAR FROM YOU!!!! FILL OUT THE DOCS OUTSIDE THE BOX PODCAST SURVEY (in partnership w INCROWD)INCROWDMAKE EXTRA MONEY AS A RESIDENT OR ATTENDING - COMPLETE MEDICAL SURVEYS WITH INCROWDWATCH THIS EPISODE ON YOUTUBE! Join our communityText word PODCAST to 833-230-2860 Twitter: @drniidarkoInstagram: @drniidarkoEmail: team@drniidarko.com Podcasting Course: www.docswhopodcast.comMerch: https://docs-outside-the-box.creator-spring.com This episode is edited by: Your Podcast PalThis episode is sponsored by:Locumstory. Learn how locum tenens helps doctors make more and have the lifestyle they deserve! Check them out HERE!Set For Life Insurance. What the Darkos use for great disability insurance at a low cost!! Check them out at www.setforlifeinsurance.com
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Aug 19, 2022 • 14min

Tax Series Part 1: Tax Benefits of LLCs - How to use a LLC to save Taxes #306

SEND US A TEXT MESSAGE!!! Let Drs. Nii & Renee know what you think about the show!Nii is joined by Eric McGlothen, CPA and CEO of Eric McGlothen, LLC, to kick off a special tax series for doctors looking to save on taxes and build wealth. Eric brings over 20 years of experience to a conversation focused on teaching physicians and other high-earning professionals how to give less of their money to the IRS and government. This show is for those going into side hustles, real estate, who are independent contractors or own their own private practice or business.Things to expect in this episode:Eric McGlothan’s resume, plus when to talk to a CPA or a tax attorneyWhere the advantages and disadvantages are in the IRS tax codeCorporate structure options to maximize tax benefits and asset protectionGuest Contact Information:Website: https://www.emac-cpa.com/Email: info@ericmcglothenllc.comTwitter: @emaccpaFacebook: https://www.facebook.com/people/Eric-McGlothen-LLC-CPA/100063691114849/Phone: (404) 946-1855Youtube Show: Level Up with Eric McGlothenWE WANT TO HEAR FROM YOU!!!! FILL OUT THE DOCS OUTSIDE THE BOX PODCAST SURVEY (in partnership w INCROWD)INCROWDMAKE EXTRA MONEY AS A RESIDENT OR ATTENDING - COMPLETE MEDICAL SURVEYS WITH INCROWDWATCH THIS EPISODE ON YOUTUBE!  Join our communityText word PODCAST to 833-230-2860 Twitter: @drniidarkoInstagram: @drniidarkoEmail: team@drniidarko.com Podcasting Course: www.docswhopodcast.comMerch: https://docs-outside-the-box.creator-spring.com This episode is edited by: Your Podcast PalThis episode is sponsored by Provider Solutions & Development. Experts in holistic career coaching – check them out HERETwitter: @PSDConnectsFacebook: @PSDConnectsLinkedIN: Provider Solutions & Development
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Aug 16, 2022 • 55min

The fastest way to acquire real estate? #305

SEND US A TEXT MESSAGE!!! Let Drs. Nii & Renee know what you think about the show!Nii sits down with Dr. Ronnie Shalev, an Emergency Medicine doctor who exited her high-pressure job to pursue a career in real estate investment in order to gain the time and financial freedom she desired. In this discussion, Dr. Shalev shares her journey, her motivation, successes, and failures. She also gives advice to doctors who are where she was -  burned out, disillusioned, and looking for options outside of clinical medicine.  Things to expect in this episode:Dr. Shalev’s journey from ER doc to real estate investor What is a real estate syndication?House hacking, 401k, and other ways to get into investingCash flowing assets and other investment opportunitiesHow to choose investors you can trustGuest Contact Information:Website: Invest.shalwinproperties.comEmail: Ronnie@shalwinproperties.comLinkedIn: www.linkedin.com/in/ronnieshalevmdWE WANT TO HEAR FROM YOU!!!! FILL OUT THE DOCS OUTSIDE THE BOX PODCAST SURVEY (in partnership w INCROWD)INCROWDMAKE EXTRA MONEY AS A RESIDENT OR ATTENDING - COMPLETE MEDICAL SURVEYS WITH INCROWDWATCH THIS EPISODE ON YOUTUBE!  Join our communityText word PODCAST to 833-230-2860 Twitter: @drniidarkoInstagram: @drniidarkoEmail: team@drniidarko.com Podcasting Course: www.docswhopodcast.comMerch: https://docs-outside-the-box.creator-spring.comThis episode is edited by:Your Podcast PalThis episode is sponsored by Provider Solutions & Development. Experts in holistic career coaching – check them out HERETwitter: @PSDConnectsFacebook: @PSDConnectsLinkedIN: Provider Solutions & Development
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Aug 10, 2022 • 36min

What Dying Can Teach you about Financial Freedom #304

SEND US A TEXT MESSAGE!!! Let Drs. Nii & Renee know what you think about the show!If you could see your life as a series of time slots, how would you fill each one? Listen in as Nii talks to Jordan Grumet, MD (a.k.a. Doc G and host of the Earn and Invest podcast) about his new book Taking Stock.  It challenges readers to view money and wealth building through the lens of purpose, identity, and passion - with the end goal of living life to the fullest and without regret.Things to expect in this episode:The meaning of money as oxygenWhat happens after you have enough moneyWhat the deathbed teaches about living without regretsThe "one more year" syndrome, golden handcuffs, and "what ifs"What investing in your life looks likeGuest Contact Information:Website: www. Jordangrumet.comTwitter: @earnaninvestFacebook: https://www.facebook.com/groups/earnandinvestBook: Taking StockWE WANT TO HEAR FROM YOU!!!! FILL OUT THE DOCS OUTSIDE THE BOX PODCAST SURVEY (in partnership w INCROWD)INCROWDMAKE EXTRA MONEY AS A RESIDENT OR ATTENDING - COMPLETE MEDICAL SURVEYS WITH INCROWDWATCH THIS EPISODE ON YOUTUBE!Join our community: Text word 'PODCAST' to 833-230-2860Twitter: @drniidarkoInstagram: @drniidarkoEmail: team@drniidarko.comPodcasting Course: www.docswhopodcast.comMerch: https://docs-outside-the-box.creator-spring.comThis episode is edited by: Your Podcast PalThis episode is sponsored by :Locumstory. Learn how locum tenens helps doctors make more and have the lifestyle they deserve! Check them outHERE!
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Jul 31, 2022 • 59min

Money Trap #4 - Debt is not a substitute for cash! #303

SEND US A TEXT MESSAGE!!! Let Drs. Nii & Renee know what you think about the show!In this episode, Renee & Nii discuss how the common forms of debt (student loans, consumer debt, mortgage) keep you stuck in the rat race and burnt out!Things to expect in this episode:Renee clarifies how much she really owed the IRSThe Top 10 Medical Schools that keep their students in the highest debtsWhy you should consider refinancing your loansWhy the Darkos don’t co-sign loans for anyoneResources listed:Student Hero Medical School Repayment GuideHow long should a car loan be10 Medical Schools where students leave with the most debtWE WANT TO HEAR FROM YOU!!!! FILL OUT THE DOCS OUTSIDE THE BOX PODCAST SURVEY (in partnership w INCROWD)INCROWDMAKE EXTRA MONEY AS A RESIDENT OR ATTENDING - COMPLETE MEDICAL SURVEYS WITH INCROWDWATCH THIS EPISODE ON YOUTUBE!Join our communityText word PODCAST to 833-230-2860Twitter: @drniidarkoInstagram: @drniidarkoEmail: team@drniidarko.comPodcasting Course: www.docswhopodcast.comMerch: https://docs-outside-the-box.creator-spring.comCheck out the jobs St John Associates have HERE
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Jul 27, 2022 • 30min

What You Should Know About Becoming a Part-Time Physician #302

SEND US A TEXT MESSAGE!!! Let Drs. Nii & Renee know what you think about the show!Nii discusses the trend of doctors seeking less than full-time work. Sarah Ledbetter, Physician Recruitment Manager at Provider Solutions & Development, is on to debunk the theory that medical employers are solely seeking full-time doctors.Things to expect in this episode:Defining Full-time workWhich generation is seeking more work/life balanceThe 'Covid Reset' and how doctors look at employment nowThe difference between part-time, per diem, and locums workThe trend of mid-career doctors seeking less than full-time workJournal Articles:https://psdconnect.org/journal/what-you-should-know-about-becoming-a-part-time-physicianMedscape Physician Lifestyle & Happiness Report 2022WE WANT TO HEAR FROM YOU!!!! FILL OUT THE DOCS OUTSIDE THE BOX PODCAST SURVEY (in partnership w INCROWD)INCROWDMAKE EXTRA MONEY AS A RESIDENT OR ATTENDING - COMPLETE MEDICAL SURVEYS WITH INCROWDWATCH THIS EPISODE ON YOUTUBE!Join our communityText word PODCAST to 833-230-2860Twitter: @drniidarkoInstagram: @drniidarkoEmail: team@drniidarko.comPodcasting Course: www.docswhopodcast.comMerch: https://docs-outside-the-box.creator-spring.comThis episode is edited by: Your Podcast PalThis episode is sponsored by:Provider Solutions & Development. Experts in holistic career coaching – check them out HERETwitter: @PSDConnectsFacebook: @PSDConnectsLinkedIN: Provider Solutions & Development
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Jul 25, 2022 • 1h 18min

Money Trap #3: Getting paid less than your coworkers #301

SEND US A TEXT MESSAGE!!! Let Drs. Nii & Renee know what you think about the show!Nii and Renée continue the conversation on money traps that doctors fall into with Money Trap #3: Doctors not negotiating their worth and not maximizing or diversifying their income.  Things to expect in this episode:Doctors trading time for dollars and finding that sweet spot in pay and lifestyleActive versus passive incomeRenée’s experience negotiating her contract vs. using an attorneyMedscape Study shows that burnout among physicians is up 47%Health Affairs study shows a significant gender pay gap between female and male physiciansEpisode 170 - Dr. X Files #2 – I became a martyr for medicine and my careerEpisode 293 - Women physicians make $2 Million less than male physicians?!Studies Talked About:Female Physicians Earn An Estimated $2 Million Less Than Male Physicians Over A Simulated 40-Year CareerAAMC 2021: Exploring Faculty Salary Equity art U.S. Medical Schools by Gender and Race/EthnicityComparison of Hospital Mortality & Readmission Rates for Medicare Patients Treated by Male vs Female PhysiciansWE WANT TO HEAR FROM YOU!!!! FILL OUT THE DOCS OUTSIDE THE BOX PODCAST SURVEY (in partnership w INCROWD)INCROWDMAKE EXTRA MONEY AS A RESIDENT OR ATTENDING - COMPLETE MEDICAL SURVEYS WITH INCROWDWATCH THIS EPISODE ON YOUTUBE!Join our communityText word PODCAST to 833-230-2860Twitter: @drniidarkoInstagram: @drniidarkoEmail: team@drniidarko.comPodcasting Course: www.docswhopodcast.comMerch: https://docs-outside-the-box.creator-spring.comThis episode is edited by: Your Podcast PalThis episode is sponsored by:St. John Associates - Our expert consultants thoughtfully match physicians and employers nationwide. www.StJohnJobs.com/Docs 

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