Financial Residency

Financial Residency Network
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Oct 5, 2023 • 4min

Coffee & Contracts - Calling all Residents and fellows

Contract Diagnostics is reaching out to chief residents and fellows, offering guidance and support in navigating contracts and compensation. They provide free customized educational webinars for different specialties, tailored to specific programs and trends in the field. With a wealth of unbranded educational content and experience working with renowned organizations, Contract Diagnostics aims to promote education and help physicians in leadership roles enhance their departments and teams. Their passionate team, including a physician director of education, is dedicated to providing valuable insights and assistance to residents and fellows in need. LINKS: www.ContractDiagnostics.com Have you ever considered a different way of practicing medicine, whether you are burned out, need a change at pace, or are looking to supplement your income? Locums story.com is the perfect place to start. https://locumstory.com/
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Oct 4, 2023 • 24min

Financial Vitals: Is Your Old Student Loan Plan Still Going To Cut It Now That Payments Are Resuming with Daniel Wrenne and Jeff Wegner

Join Daniel Wrenne and Jeffrey Wenger as they navigate the complex landscape of student loan repayment strategies in this episode! With a focus on helping physicians, particularly those working with Public Service Loan Forgiveness (PSLF) in mind, Daniel and Jeff take you on a journey through the recent changes in student loan policies. They explore the historical approaches to student loans and delve into how the transition to the new SAVE Plan (Saving on a Valuable Education Plan) can impact your financial future. Discover the intricacies of student loan management and gain insights into crafting a tailored repayment strategy that suits your unique circumstances. Daniel and Jeff bring their expertise to the table, making the complex world of student loans more understandable and helping you make informed decisions. Whether you're a recent graduate, a seasoned borrower, or just interested in the world of student loans, this episode provides valuable insights into the ever-changing student loan landscape. 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 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. Have you ever considered a different way of practicing medicine, whether you are burned out, need a change at pace, or are looking to supplement your income? Locums story.com is the perfect place to start. https://locumstory.com/
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Oct 3, 2023 • 10min

Mortgage Minute: Refinancing Strategies - Making the Right Choice for Your Purchase Loan

In tonight's episode, host Doug Crause discusses the topic of refinancing and its importance in making purchase loan decisions. He shares his personal opinion on the current market environment and offers insights on when to consider refinancing or opting for an adjustable rate mortgage. Additionally, he suggests asking lenders about rate modifications and low or no cost refinancing options. Doug is a physician lender with BMO Bank. To learn more about him or to request a free copy of his book, go to www.DougCrouse.com. Have you ever considered a different way of practicing medicine, whether you are burned out, need a change at pace, or are looking to supplement your income? Locums story.com is the perfect place to start. https://locumstory.com/
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Oct 2, 2023 • 40min

Grand Rounds: Exploring Direct Care Model with Dr. Rebekah Bernard

Being an employed physician who accepts insurance can be overwhelming with all of the administrative tasks we must go through to get paid. Have you ever thought of opening a clinic where you didn't take insurance? What would that look like? Dr. Rebekah Bernard joins us to talk about her experience as a Direct Primary Care physician. She also states other specialties are starting to follow suit and open practices around the US. We explore how she got started, how she helps her patients get the tests and procedures they need, how she documents, the financial side of DPC and more. Dr. Bernard is an advocate for physician wellness, physician-led care and preventing/treating physician burnout. She is an author and podcast host. You can learn more about her at www.RebekahBernard.com. Have you ever considered a different way of practicing medicine, whether you are burned out, need a change at pace, or are looking to supplement your income? Locums story.com is the perfect place to start. https://locumstory.com/
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Sep 30, 2023 • 44min

Financial Vitals: New Strategies Emerging As The New SAVE Plan Rolls Out with Daniel Wrenne and Jeff Wegner

In this episode, Daniel and Jeff dive into the intricacies of the new Student Loan Affordability and Value for Education (SAVE) Plan, shedding light on emerging strategies for student loan borrowers. The SAVE Plan is making waves in the world of student loan repayment, offering exciting opportunities for those seeking to manage their debt effectively. The hosts explore the advantages and considerations of the SAVE Plan compared to other repayment options, such as PAYE and IBR, and discuss the crucial factor of filing taxes jointly or separately when optimizing student loan payments. They also touch upon the implications of the SAVE Plan for Public Service Loan Forgiveness (PSLF) and examine how it influences long-term loan forgiveness. But that's not all; Daniel and Jeff also tease an intriguing topic for their next episode: the possibility of buying back credit on PSLF. Tune in to stay informed about the latest developments in student loan management, discover new strategies, and navigate the ever-evolving landscape of student debt. Whether you're a recent graduate, a seasoned borrower, or just interested in the world of student loans, this episode provides valuable insights into the ever-changing student loan landscape. 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 My Aid Data - https://studentaid.gov/ 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.
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Sep 29, 2023 • 4min

Coffee & Contracts: Work/Life balance

In this episode, Jon from Contract Diagnostics addresses the topic of work-life balance, which has been a common concern among physicians. Burnout and the need for balance are frequently discussed in the medical field, and Jon emphasizes the importance of addressing these issues upfront when negotiating contracts. He shares examples of physicians he has worked with who prioritize time off or flexibility in their schedules, and advises physicians to clearly communicate their expectations to potential employers. Jon stresses the need to document work-life balance arrangements in contracts to avoid any misunderstandings or disappointment in the future. He also highlights the changing perspective of newer physicians who value a better work-life balance, and offers assistance to physicians who need help navigating contract negotiations. LINKS: www.ContractDiagnostics.com
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Sep 28, 2023 • 22min

Financial Vitals: Yet Another Pending Student Loan Chang That Could Turn Things Upside Down Again

Join Daniel Wrenne and Jeff Wenger on an enlightening episode of "Finance for Physicians," where they explore the dynamic world of student loans, financial planning, and more. In this engaging conversation, Daniel and Jeff discuss recent updates and developments in the field, offering valuable insights and strategies to empower physicians in managing their financial futures. Discover essential tips, uncover emerging trends, and gain a deeper understanding of the financial intricacies that impact medical professionals. Whether you're a medical resident starting your career or an experienced practitioner looking to optimize your financial strategy, this episode is packed with valuable information to help you make informed decisions and secure your financial well-being. Tune in to "Finance for Physicians" and stay ahead in your financial planning journey as a physician, gaining the knowledge and expertise you need to thrive in your financial life. 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: Show digging into the most recent round of changes Show going over other big changes that happened during COVID Blog Post on most common student loan mistakes (pre-COVID) 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.
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Sep 27, 2023 • 4min

Coffee & Contracts: Employed to Partner considerations

Jon, an expert in contracts and partnership transitions, discusses the importance of reviewing the initial associate agreement and understanding eligibility metrics for partnership. He highlights the financial considerations and risks involved in buying into partnership, while emphasizing the need to focus on near-term prospects and future possibilities. Contract Diagnostics specializes in reviewing contracts for partners and employees.
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Sep 26, 2023 • 5min

Mortgage Minute: What are "trigger leads" and how can I opt out?

Have you ever applied for a loan or a new credit card then received 200 unwanted calls from people soliciting your business? The credit bureaus unfortunately do sell their information after someone's credit has been checked. However you can avoid these calls by going to www.OptOutPrescreen.com or www.DoNotCall.gov.
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Sep 25, 2023 • 39min

Grand Rounds: From homelessness and childhood trauma to physician and advocate with Dr. Sheryl Recinos

A truly inspirational story of a woman who overcame severe childhood trauma and homelessness to become a physician and advocate who helps other people who don't have a voice. You can hear her story here or read her book Hindsight: Coming of Age on the Streets of Hollywood. You can learn more about her at www.SherylRecinosMD.com.

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