In this episode of "A Life Well Lived: A Physician’s Guide to Wealth Masterclass," host James Nutter welcomes Darlene Dresch, a prominent real estate expert, for an in-depth discussion on the 2024 real estate trends for physicians. They explore critical financial aspects and market dynamics that physicians need to know when securing their dream homes. As part of this masterclass, Darlene shares her expert insights on real estate strategies, addressing the unique needs and challenges physician families face. Listeners will gain valuable knowledge on crucial topics such as the current state of the real estate market, how the new NAR settlement impacts consumers, and various financing options tailored for physicians. Darlene emphasizes the importance of surrounding oneself with a capable team, leveraging strategy in real estate transactions, and understanding the expectations and processes involved. The episode also delves into how real estate can be a strategic part of one's financial portfolio, offering practical advice and real-life success stories to illustrate key points. Key Takeaways: Understanding Market Dynamics: Insight into the current real estate market, the impact of the NAR settlement, and differentiating between buyer’s and seller’s markets. Financing Options: Detailed overview of physician loans vs. conventional loans, including zero down payment and no PMI options. Building a Capable Team: Importance of collaborating with knowledgeable real estate agents, lenders, and financial advisors who understand physicians' unique needs. Strategic Buying and Selling: Effective strategies for negotiating offers, understanding terms, and making financially sound real estate decisions. Real Estate Portfolio: Use of real estate as a strategic part of your investment portfolio, including buying rental properties and leveraging equity. Darlene Dresch is a seasoned real estate expert specializing in working with physicians and the medical community in Ann Arbor, Michigan, for the past eight years. She is the co-owner of D&R Realtors, a purpose-driven business that not only focuses on real estate but also contributes significantly to local charities and organizations like the Charles Woodson Foundation and Ronald McDonald House. Darlene partners with U of M Health, assisting numerous physician clients to find ideal homes and investments. Resources: Email Darlene with any real estate questions Dardresch@gmail.com PSLF Hacks Checklist Follow James Nutter Book a free financial wellness diagnostic with James here Instagram Follow IM Wealth Gain FREE immediate access to all of IM Wealth’s exclusive physician financial wellness resources here www.imwealth.com Youtube Meaningful Journeys Scholarship Advisory services offered through Commonwealth Financial Network®, a Registered Investment Adviser.

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.

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. 

Welcome to this episode of Mortgage Minute with Doug Crouse! Today, we dive into BMO's Rate Modification Program, a cost-effective alternative to traditional refinancing. Learn how you can save money by modifying your loan rate without incurring the high costs of a new appraisal, title work, and lender fees. Discover the benefits of a flat fee structure and how this program can help you bypass the need for refinancing while maintaining your current loan term. Tune in to understand why BMO's rate modification might be the perfect solution for you and how it compares to other refinancing options. Plus, don’t forget to reach out for a free copy of Doug’s book, The Hippocratic House, by emailing doug.crouse@bmo.com. Tune in for more insightful mortgage advice! To learn more about Doug, go to  www.DougCrouse.com. 

In this episode of the Mortgage Minute, host Doug Crouse from BMO Bank discusses the potential upcoming rate cuts by the Fed and the impact on refinancing decisions. Doug warns against hasty refinancing based on lender hype and emphasizes the importance of evaluating if refinancing truly benefits you. He advises considering factors like loan size, closing costs, and breakeven periods before making a decision.  Doug also highlights BMO's rate modification program and offers to provide honest, competitive assessments to help you make informed financial choices. Plus, don’t forget to reach out for a free copy of Doug’s book, The Hippocratic House, by emailing doug.crouse@bmo.com. Tune in for more insightful mortgage advice! To learn more about Doug, go to  www.DougCrouse.com. 

Join us for a comprehensive Q&A session at Contract Diagnostics, where we address crucial questions about hiring PAs and nurse practitioners, navigating private practice contracts, and negotiating terms during transitions. Discover expert advice on salaries, benefits, and making informed decisions about your medical career. Jon invites individuals to contact Contract Diagnostics through phone, chat, or email for personalized assistance, visit www.ContractDiagnostics.com

In this insightful episode of "The Life Well Lived: A Physician's Guide to Financial Wellness," host James Nutter continues his compelling Financial Wellness 101 series. Designed to help physicians take control of their finances and, by extension, their lives, this episode dives into the significance of setting a clear, value-driven vision for financial goals. James emphasizes the crucial role of vision in financial planning and discusses various strategies for aligning financial goals with personal values and long-term aspirations. In the first half of the episode, James Nutter outlines an effective seven-part framework for meaningful goal setting, emphasizing its importance in navigating the often monotonous and challenging journey of a financial transformation. He goes on to discuss how to set specific, measurable, attainable, and realistic goals with deadlines, thereby providing a roadmap for audience members to follow. James stresses the importance of revisiting these goals regularly to stay committed and persistent, even when initial excitement wanes. The latter part of the episode delves deeper into practical steps for financial goal setting. James discusses the importance of identifying top financial priorities, visualizing success, and setting both short-term and long-term targets. He offers advice on prioritizing goals like retirement, debt repayment, and lifestyle upgrades, all while maintaining a balanced approach towards financial growth and personal fulfillment. The episode also touches on the necessity of building early wins and the benefits of a consistent, disciplined approach to achieving financial goals. Key Takeaways: Seven-Part Framework for Goal Setting: James emphasizes the importance of identifying goals, writing them down, facing challenges, setting deadlines, prioritizing, visualizing, and persisting in pursuit of financial wellness. SMART Goals: Highlighted the need for specific, measurable, attainable, realistic, and time-sensitive financial goals. Balancing Financial Priorities: Stressed on the importance of prioritizing financial goals to avoid spreading oneself too thin and ensuring that the most critical goals take precedence. Creating a Vision for the Future: Discussed the significance of having a clear, well-defined vision to navigate financial planning and to stay motivated during the journey. Early Wins and Consistency: Encouraged setting up early wins to build momentum and the importance of consistent effort in financial planning. Register for our upcoming physician homebuying masterclass here Resources: PSLF Hacks Checklist Follow James Nutter Book a free financial wellness diagnostic with James here Instagram Follow IM Wealth Gain FREE immediate access to all of IM Wealth’s exclusive physician financial wellness resources here www.imwealth.com Youtube Meaningful Journeys Scholarship Advisory services offered through Commonwealth Financial Network®, a Registered Investment Adviser.

In this episode of "The Life Well Lived, a Physician's Guide to Wealth," host James Nutter dives into the final stages of the Financial Wellness 101 series. Over the summer, James has guided listeners through numerous areas of financial wellness, addressing key aspects such as financial vitals, free cash flows, values workshops, and time audits. Now, as the series draws to a close, James focuses on the importance of vision and goal-setting. By casting a clear vision and setting meaningful goals, listeners can align their financial strategies with their most cherished values and long-term objectives. James introduces a seven-part meaningful goal-setting framework that aligns personal and financial goals. He explains the importance of having a plan, using quotes from notable figures like Dwight D. Eisenhower and Laird Hamilton to underline his points. This episode emphasizes the necessity of identifying goals, sharing them for accountability, preparing for potential challenges, setting deadlines, prioritizing goals, visualizing success, and being persistent. The next episodes in the series will delve deeper into SMART goals and how to use free cash flows effectively to actualize financial dreams. James provides actionable steps and encourages listeners to engage in reflective practices that align with their financial and personal well-being. Key Takeaways: Seven-Part Framework: James outlines a seven-part goal-setting process that includes identifying goals, sharing them for accountability, preparing for challenges, setting deadlines, prioritizing, visualizing, and staying persistent. Quotes for Motivation: Inspirational quotes from Dwight D. Eisenhower and Laird Hamilton are used to highlight the importance of planning and imaginative goal-setting. Balancing Present and Future: Emphasizes the importance of balancing long-term financial planning with enjoying the present, and the dangers of the "live like a resident" mindset. Visualization Techniques: Discusses the effectiveness of visualization in achieving goals, citing examples from Olympian Michael Phelps. Practical Assignments: Encourages listeners to take actionable steps by identifying current desires and investments, such as booking a massage or planning a trip, to live more fully in the present. Resources PSLF Hacks Checklist Follow James Nutter Book a free financial wellness diagnostic with James here Instagram Follow IM Wealth Gain FREE immediate access to all of IM Wealth’s exclusive physician financial wellness resources here www.imwealth.com Youtube Meaningful Journeys Scholarship Advisory services offered through Commonwealth Financial Network®, a Registered Investment Adviser.

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. 

Financial Wellness 101 series, James helps listeners understand the monetary value of their time and how it directly influences their financial success and overall well-being. James begins by highlighting the importance of recognizing time as the most valuable resource. He encourages listeners to evaluate where their time is being spent and to consider the opportunity costs associated with everyday activities. He shares impactful quotes to emphasize the significance of mindful time investment and offers strategic questions to guide listeners in reassessing their time allocation for maximum ROI—be it financial, relational, or health-related. James moves on to a practical exercise, helping physicians quantify their hourly and minute rate, thus putting their economic worth into perspective. This calculation serves to underscore the value of focusing on high-leverage tasks and delegating or eliminating lower-value activities. This episode is rich with actionable advice and encourages physicians to have meaningful discussions with their leadership or explore freelance support to optimize their time and efforts. Recognize time as your most valuable asset and assess where it is being spent. Calculate your hourly and minute rate to understand your economic value. Focus on high-leverage tasks that align with your strengths and delegate lower-value activities. Engage in reflective practices to identify areas of life that need more or less attention. Schedule time for rest and recovery and treat it with the importance it deserves. Resources PSLF Hacks Checklist Follow James Nutter Book a free financial wellness diagnostic with James here Instagram Follow IM Wealth www.imwealth.com Youtube Meaningful Journeys Scholarship Advisory services offered through Commonwealth Financial Network®, a Registered Investment Adviser.