Financial Residency

This episode is sponsored by Freed.AI - Get 50% off your first month of using their AI-powered medical scribe software! Add FR50 to your cart! In this message, the speaker discusses the importance of aligning one's wealth and values for a more fulfilling life. Recording in mid-December, the speaker suggests that, before setting goals, it is crucial to reflect on personal values. Drawing from philosophical perspectives, the speaker explores the idea of a fulfilling life, emphasizing virtues and selfless development. The speaker contrasts cultural values, such as efficiency, wealth, and individualism, with a more profound, value-driven approach. Anecdotes are shared, underscoring the potential pitfalls of pursuing success without aligning with personal values. The role of money in influencing life choices is discussed, with the speaker urging listeners to prioritize values over financial success. The speaker emphasizes the need for self-awareness, highlighting the potential pitfalls of centering one's life on money, pleasure, or ambition. Using personal examples, the speaker encourages listeners to define their values and envision their ideal selves, contemplating changes required for progress. Practical steps for self-reflection and value clarification are provided, stressing the importance of prioritizing values over external pressures. In conclusion, the message advocates for a deliberate approach to life planning, with values serving as a guiding compass for setting and achieving meaningful goals, ultimately leading to a more fulfilling life. LINKS: Contact Finance for Physicians Finance for Physicians To schedule a call with one of our awesome planners, book HERE.

This episode is sponsored by Freed.AI - Get 50% off your first month of using their AI-powered medical scribe software! Add FR50 to your cart! In this brief message, Jon emphasizes the importance of understanding the individuals you communicate with during contract reviews. He encourages users to explore the profiles of Contract Diagnostics' experienced team members when signing up for their services. Jon highlights the extensive backgrounds of the team, each with 10 to 30 years of experience in reviewing physician contracts. He stresses the personalized approach of Contract Diagnostics, ensuring clients have the option to choose a specific reviewer. Jon also mentions ongoing recruitment and the development of an ambassador program. He contrasts his team's personalized approach with other companies that may outsource contract reviews or attempt to sell additional services like insurance. Jon concludes by inviting inquiries and expressing the team's dedication to helping with contract-related concerns. Jon invites individuals to contact Contract Diagnostics through phone, chat, or email for personalized assistance, visit www.ContractDiagnostics.com

This episode is sponsored by Freed.AI - Get 50% off your first month of using their AI-powered medical scribe software! Add FR50 to your cart! In this podcast episode, Jon from Contract Diagnostics discusses the growing use of artificial intelligence (AI) in the workplace, particularly in the field of contract reviews. He highlights the challenges employers face in establishing policies around AI, especially in healthcare settings where physicians use it to analyze patient data. Employers are grappling with questions about trust in the system, potential pitfalls of inaccurate information, and the need for clear policies. Jon expresses excitement about the positive impacts of AI on efficiency and patient care but also acknowledges concerns. He encourages listeners to share their organizations' approaches to AI and emphasizes the importance of keeping abreast of evolving policies in this rapidly advancing technological landscape. Jon invites individuals to contact Contract Diagnostics through phone, chat, or email for personalized assistance, visit www.ContractDiagnostics.com

This episode is sponsored by Freed.AI - Get 50% off your first month of using their AI-powered medical scribe software! Add FR50 to your cart! Doug talks today about how banks decide how much money they will loan you. He explains debt-to-income ratio. He also cautions about buying too much house, which could make you "house poor." If you would like a free copy of Doug's book, Hippocratic House: Do No Harm When Purchasing Your First Physician Home, go to www.DougCrouse.com to request a copy.

This episode is sponsored by Freed.AI - Get 50% off your first month of using their AI-powered medical scribe software! Add FR50 to your cart! Dr. Pouneh Alizadeh came out of residency and lived a traditional employed physician life, but found that over time the demands were too much and she was missing out on life with her family. She decided to venture out on her own and live a purposeful life where she could separate her time at work, be with her family more and be present for each. She talks about her journey, the logistics of achieving/maintaining FIRE, while simultaneously taking care of herself in the process.

This episode is sponsored by Eckard Enterprises. To start empowering your financial future, visit www.EckardEnterprises.com Join Daniel Wrenne as he sits down with Dr. Marcelo Hochman, the founder of South Carolina's esteemed Facial Surgery Center, double Board-certified facial plastic and reconstructive surgeon, and President of Independent Doctors of South Carolina (IndeDocs). In this engaging episode, they delve into the intricate landscape of medical careers, exploring the choices between private practice and employment, and the critical role of financial planning. Dr. Hochman, also Past President of the Charleston County Medical Society and a provider of pro-bono care to children with vascular anomalies, shares profound insights on challenges faced during medical training, the importance of exposure to diverse career paths, and the impact of financial considerations on career choices. The conversation extends to satisfaction levels among independent practice physicians versus employed physicians, with age-related variations adding an intriguing dimension. Discover valuable advice, personal experiences, and resources for medical students, residents, and practicing professionals seeking to make informed decisions about their careers. Explore the mission of IndieDocs and the importance of preparing the medical pipeline for the future. Transform your financial outlook today! Access our exclusive free resources for physicians and conquer financial stress. Access here. P.S. We value your opinion! Share your thoughts and insights with us. Your feedback helps us improve and tailor our content to your needs. Click here to give us a piece of your mind. Links: You can find Dr. Hochman here: The Facial Surgery Center LinkedIn Facebook YouTube Connect with me on my LinkedIn Contact Finance for Physicians Finance for Physicians To schedule a call with one of our awesome planners, book HERE.

This episode is sponsored by Eckard Enterprises. To start empowering your financial future, visit www.EckardEnterprises.com Daniel discusses an article titled "Why a Roth IRA is a Bad Idea," where the author claims to have lost nearly $400,000 to a Roth IRA and suggests that most people are losing money with this investment. Daniel critiques the article, pointing out misleading aspects, unclear calculations, and a lack of consideration for individual situations. He emphasizes that for physicians, especially those maxing out work retirement plans, the Roth IRA can be a valuable tax-sheltered option, and decisions should be based on personalized circumstances and future projections of marginal tax rates. Daniel also highlights the importance of distinguishing between average and marginal tax rates when comparing Roth and traditional IRA options. Links: Contact Finance for Physicians Finance for Physicians

This episode is sponsored by Eckard Enterprises. To start empowering your financial future, visit www.EckardEnterprises.com In this brief message, Jon from Contract Diagnostics advises physicians to reach out to their firm early in the job search or contract negotiation process. He stresses the importance of early engagement, mentioning instances where physicians have sought assistance for contracts as far out as 2026. Jon suggests contacting Contract Diagnostics three months before site visits or upon receiving a letter of intent or contract. He highlights the benefits of obtaining compensation data and leveraging the firm's resources during the job search, including free inquiry calls, interview guides, and educational webinars. Jon emphasizes that reaching out early is preferable to avoid potential pitfalls and optimize negotiation strategies. Jon invites individuals to contact Contract Diagnostics through phone, chat, or email for personalized assistance, visit www.ContractDiagnostics.com

This episode is sponsored by Eckard Enterprises. To start empowering your financial future, visit www.EckardEnterprises.com In this brief message, Jon from Contract Diagnostics discusses the current trend of people looking for jobs well in advance, with some contracts extending into 2026. He emphasizes the importance of understanding how to assess job postings, pointing out key factors like salary, benefits, role details, and potential partnerships. Jon acknowledges that recruiters may not always provide clear information about job locations to secure their commissions. He encourages individuals to consider multiple options, gather information from various sources, and maintain due diligence throughout the job search process. Additionally, Jon invites individuals to contact Contract Diagnostics through phone, chat, or email for personalized assistance, visit www.ContractDiagnostics.com

This episode is sponsored by Eckard Enterprises. To start empowering your financial future, visit www.EckardEnterprises.com Fannie Mae and Freddie Mac are raising their lending limits for conforming loans in 2024. This may affect borrowers in different ways depending on the lender they are using for their loan. Find out if this may affect you. To learn more about Doug Crouse or to get a free copy of his book, go to www.DougCrouse.com.