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
May 29, 2023 • 27min
Grand Rounds: Dr. Jen Barna talks about DocWorking, which she created to help people with finances, career planning and counseling
Dr. Jen Barna is a radiologist and creator of www.DocWorking.com. She brought together an entire community to support physicians in achieving their financial goals while finding the proper balance between work and life based on each individual's goals. Most recently, DocWorking introduced a Confidential Care Line to give its members 24/7 access to psychologists and counselors, which can be used for simple things or to even help a physician in crisis. It is entirely confidential and not tied to a medical record or insurance. Dr. Barna also has a podcast called Doc Working: The Whole Physician. You can learn more about Dr. Barna at www.DocWorking.com.
May 27, 2023 • 9min
Financial Vitals: Considerations As You Transition Into Practice - Home ownership
Today I want to go over the big considerations to think about as you transition into practice. LINKS: www.ContractDiagnostics.com Resources: Schedule a No-cost Triage Meeting With WFP https://go.oncehub.com/meetWFP All-In Home Costs Calculator (downloadable spreadsheet template)https://financeforphysicians.co/2021/09/11/all-in-home-costs-calculator/ Renting Your Home Is The Key To Building Wealth https://financeforphysicians.co/2022/04/14/renting-your-home-is-the-key-to-building-wealth/
May 26, 2023 • 4min
Coffee & Contracts: Coverage for malpractice insurance adequate?
Today Jon talk about malpractice insurance and how to know that you're fully protected. 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/
May 25, 2023 • 7min
Financial Vitals: Considerations As You Transition Into Practice - Cash flow
Today Daniel Wrenne talks about the differences when it comes to cash flow. Resources: 3 Exercises To Help You Clarify Your Values https://financeforphysicians.co/2022/06/09/3-exercises-to-help-you-clarify-your-values/ The Most Common Financial Planning Mistakes Physicians Make w/ Daniel Wrenne https://financeforphysicians.co/2023/03/07/the-most-common-financial-planning-mistakes-physicians-make-w-daniel-wrenne/ Monthly Cash Flow Tracker (downloadable spreadsheet template) https://financeforphysicians.co/2021/02/01/monthly-cash-flow-tracker/ 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/
May 24, 2023 • 5min
Coffee & Contracts: Are benefits negotiable
Today Jon Appino talks about how to negotiate your contract! 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/
May 23, 2023 • 4min
Mortgage Minute: Is the government going to force people with better credit to pay more for mortgages?
Earlier this year it was announced that people with good credit were going to have to pay a higher interest rate for a mortgage. Doug talks today about where we are with that proposal. You can learn more about host Doug Crouse or request a free copy of his book at www.DougCrouse.com. Links: 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/
May 22, 2023 • 37min
Grand Rounds: Dr. Andrew Wilner talks about leveraging locums to find the perfect job for you
Dr. Andrew Wilner is a physician, author and podcast host who has spent most of his career working locums and helping other physicians navigate this space. He talks today about how to leverage locums opportunities into a rewarding long-term career. He also talks about how locums can make sense for the new physician, mid-career doc or for the physician looking toward retirement. You can learn more about Dr. Wilner or get a copy of his book at www.AndrewWilner.com. Links: 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/
May 20, 2023 • 5min
Financial Vitals: Considerations As You Transition Into Practice - Charitable Giving
Today I want to talk about my one of my favorite topics, which is charitable giving. Resources: Money Decisions That Create More Happiness https://financeforphysicians.co/2022/05/19/money-decisions-that-create-more-happiness/ Charitable Giving Strategies To Reduce Taxes with Justin Harvey https://financeforphysicians.co/2020/12/17/charitable-giving-strategies-to-reduce-taxes-with-justin-harvey/
May 19, 2023 • 8min
Mortgage Minute: Common Terminology Used When Applying for a Mortgage
Today I just wanna give a quick overview of a little bit of terminology on the lender forms that you're looking at throughout the process. So by that I'm obviously talking about the, fees for when you're shopping lenders. Link to website: https://dougcrousephysicianloans.com/
May 18, 2023 • 4min
Financial Vitals: Considerations As You Transition Into Practice - Saving For Your Future
I want to talk about saving for you future on today's episode. Resources: Are You Saving Enough For Retirement https://financeforphysicians.co/2022/02/03/are-you-saving-enough-for-retirement/ Are You Saving Enough For Education https://financeforphysicians.co/2022/01/20/are-you-saving-enough-for-education/
