Financial Residency
Financial Residency Network
As a doctor, you spent decades in school to get to where you are. Unfortunately, during all those years in medical school and residency, you probably didn't receive a financial education. But, not to worry. That's where I come in. Think of this podcast as your financial residency without the long hours and sleepless nights! I will guide you through a financial education resulting in money confidence and clarity in this critical aspect of your life. You'll understand how you make money, how you spend money, how your hard-earned money can work for you, and how to protect yourself and your family. I have witnessed residents and fellows bombarded by life and disability insurance salesmen and other "investment" pitches that are not in their best interest. You didn't receive any formal financial education in your decades of medical training, so how are you supposed to know the good financial advisors from the bad? This podcast will help with that. Remember, it's ok to not know the difference between a ROTH IRA and a 403b or which 529 plan is best. This podcast will simplify highly complex concepts and translate industry jargon into plain English. Are you ready to take action and make smarter, more informed financial decisions? Great - let's do this! Let your financial residency begin.
Episodes
Mentioned books
Jul 14, 2023 • 1h 12min
Financial Vitals: It's Time For Physicians To Learn Healthcare Economics To Save The Profession with Thomas Campanella
Thomas Campanella is a healthcare executive focused on educating the wider healthcare community on how the industry really works. Thomas is also a voracious writer, podcaster, and regular webinar host regarding the topic of healthcare economics. If you're a physician just now starting in the industry and want to learn how the healthcare machine works - this is the episode for you and Thomas is the man to talk to! Enjoy! Links: Thomas Bio Articles referenced: ◦ Healthcare Economics 101: https://www.linkedin.com/pulse/health-economics-101-guide-understanding-bigger-well-campanella/ ◦ We need more physician leaders... https://www.linkedin.com/pulse/physicians-where-you-we-need-your-leadership-thomas-campanella/ ◦ About Tom's healthcare journey: https://www.linkedin.com/pulse/my-healthcare-journey-thomas-campanella/ ◦ The importance of primary care physicians: https://www.linkedin.com/pulse/primary-care-physicians-key-providing-value-based-thomas-campanella/ ◦ AAFP pointing out problems with direct primary care model https://www.aafp.org/pubs/fpm/issues/2016/0900/p10.html Contact Finance for Physicians Finance for Physicians To schedule a call with one of our awesome planners, book HERE.
Jul 13, 2023 • 7min
Financial Vitals: What Do Your Finances Say About Your Options, Flexibilty, Security Or Lack Thereof
Today Daniel talks about, what your finances say about your options. When it comes to flexibility, security or what you are falling short in. Links: www.WrenneFinancial.com
Jul 12, 2023 • 4min
Coffee and Contracts: Latest MGMA Data: Compensation Comparison for Hospitalists and Internists
Today Jon is talking about M G M A data. Feel free to reach out to Jon Appino and his team for more a copy of the MGMA data. Link: www.ContractDiagnostics.com
Jul 11, 2023 • 8min
Mortgage Minute: How is APR calculated in an ARM?
Confused by annual percentage rates? They are even more complicated in an adjustable rate mortgage. Doug Crouse tries to clarify why your APR may look higher on an ARM than your fixed rate loan. You can get a free copy of Doug's book Hippocratic House: Do No Harm When Purchasing Your First Physician Home at www.DougCrouse.com.
Jul 10, 2023 • 28min
Grand Rounds: Colin Carr talks about common pitfalls in negotiating commercial real estate
Colin Carr is the CEO of CARR, which is a company of approximately 150 real estate experts across the country who help physicians and other healthcare providers negotiate purchase and lease contracts for commercial real estate. He talks about the most common pitfalls when negotiating a contract and describes how these mistakes can cost a physician several hundred thousand dollars over the term of the contract. He goes into some detail about the financial analysis needed before entering a lease or purchase. Best of all, when using a commercial real estate expert to lease or buy a property, the service is usually provided at no cost to the physician as it is the landlord or seller who pays the commission. You can learn more about Colin Carr at www.CARR.us.
Jul 8, 2023 • 6min
Coffee and Contracts: Essential Checklist for Job Hunting and Contract Review
Today Jon goes over what should be on your checklist you should be looking for, when you're job hunting. Link: www.ContractDiagnostics.com
Jul 7, 2023 • 5min
Coffee and Contracts: Should the patient census be in the agreement?
Today Jon addresses a question he got from a hospitalist. "What if the census is higher than expected"? Link: www.ContractDiagnostics.com
Jul 6, 2023 • 56min
Financial Vitals: Using Money As a Tool To Live Regret Free Lives with Dr. Jordan Grumet
In life, many people think they have to choose what they can have. They should choose happiness over wealth, family over career aspirations, etc. Today's guest proves that it's possible to have it all! Andy Hill is the founder and CEO of Marriage, Kids and Money - an online brand dedicated to helping people achieve the pillars of family health and well-being: Happiness and Wealth. This podcast won't give you all the answers - but it will instead guide you toward the right direction for you and your close ones: Developing the life you've always wanted to live! Enjoy! Links: Marriage, Kids and Money Website Make My Kid a Millionaire Contact Finance for Physicians Finance for Physicians www.WrenneFinancial.com
Jul 5, 2023 • 3min
Coffee and Contracts: Understanding Indemnification Clauses in Contracts
Today Jon speaks about Indemnification clauses. Link: www.ContractDiagnostics.com
Jul 4, 2023 • 9min
Mortgage Minute: When is "the best interest rate" not really the best deal?
Lenders sometimes offer their clients the opportunity to buy down an interest rates by adding on points to the cost of the loan. This means you are paying money up front to get a lower interest rate for the life of the loan. However, it may end up costing you more money if interest rates drop over the next one or two years. Learn more about how to decide whether you may or may not want to buy down your rate today. Doug Crouse is a physician loan lender with BMO Bank. He has over 20 years experience and has written a book to help you understand the mortgage industry and specifically physician loans. You can get a free copy of his book at www.DougCrouse.com.
