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 17, 2023 • 5min
Coffee & Contracts: Outside activities and approval
There are a lot of questions about side gigs. Today I want to talk about side gigs and address some questions. LINKS: www.ContractDiagnostics.com
May 16, 2023 • 4min
Coffee & Contracts: What if the employer won't negotiate
Today I want to address a question that came up about an employer not wanting to negotiate a contract. LINKS: www.ContractDiagnostics.com
May 15, 2023 • 25min
Grand Rounds: What to expect as you transition from training to attending with Jon Appino
If you are going from residency or fellowship to an attending position, you are about to make some major changes. Dr. Tammy and Jon talk about this transition and what you might expect. They explore the gap time between the two jobs, disability insurance, home ownership versus renting, assessing your new position and giving yourself some grace when learning your new role. Jon is the owner of Contract Diagnostics and podcast host of Coffee and Contracts with Jon on the Financial Residency network. You can learn more about Jon at www.ContractDiagnostics.com.
May 13, 2023 • 5min
Financial Vitals: Considerations As You Transition Into Practice - Tax Planning
Today I want to talk about tax planning. Resources: The First Step To Reduce Your Taxes with David Glenn https://financeforphysicians.co/2020/12/10/the-first-step-to-reduce-your-taxes-with-david-glenn/ Maxed Out My 401k, Now What https://financeforphysicians.co/2022/09/08/maxed-out-my-401k-now-what/ Can You Max Out Both Your 403(b) and 457(b) Plans? https://financeforphysicians.co/2022/04/07/can-you-max-out-both-your-403b-and-457b-plans/
May 12, 2023 • 6min
Coffee & Contracts: Hospital vendor contract changing
Today I want to talk about a contract we reviewed for a physician. LINKS: www.ContractDiagnostics.com
May 11, 2023 • 5min
Financial Vitals: Considerations As You Transition Into Practice - Disability And Life Insurance
Today I want to talk about disability and life insurance. Resources: What Every Physician Should Know about Long Term Disability Insurance With Lawrence Keller https://financeforphysicians.co/2020/09/22/what-every-physician-should-know-about-long-term-disability-insurance-with-lawrence-keller/ What Type of Life Insurance Should You Own? https://financeforphysicians.co/2021/04/22/what-type-of-life-insurance-should-you-own/ Why is Permanent Life Insurance Such a Terrible Short Term Investment https://financeforphysicians.co/2021/04/29/why-is-permanent-life-insurance-such-a-terrible-short-term-investment/
May 10, 2023 • 7min
Coffee & Contracts: When to start job searching
Today I want to talk about when to start the process for your contract. LINKS: www.ContractDiagnostics.com
May 9, 2023 • 4min
Mortgage Minute: What is the difference between Prequalification versus Preauthorization?
Before you buy a home, your realtor will likely ask you for a letter from your lender to verify that you are qualified to buy the home. Your lender has two options to provide you - a prequalification or a preauthorization letter. Doug discusses the difference between the two and why you might want one over the other based on your circumstances.
May 8, 2023 • 51min
Grand Rounds: Larry Keller Talks About Changes in the Disability Insurance Industry
Many insurers have made changes to their policies in the last month or two, which may affect Guaranteed Standard Issue policies, unisex rates or automatic increases based on inflation. Larry goes through each of the major companies to talk about these changes. If you have questions about obtaining a disability insurance policy or would like Larry Keller to review what you currently have, you can reach him at LKeller@PhysicianFinancialServices.com or visit his website www.PhysicianFinancialServices.com.
May 6, 2023 • 4min
Financial Vitals: Considerations As You Transition Into Practice - Student Loans
Today I'm gonna be talking about the second big consideration as you transition into practice and that is student loans. Why Federal Student Loans Are A Great Bet For Many Physicians With Travis Hornsby https://financeforphysicians.co/2020/10/15/why-federal-student-loans-are-a-great-bet-for-many-physicians-with-travis-hornsby/ Avoid Leaving Money On The Table With Federal Student Loans https://financeforphysicians.co/2021/02/04/avoid-leaving-money-on-the-table-with-federal-student-loans/ When To Refinance Student Loans https://financeforphysicians.co/2021/09/02/when-to-refinance-student-loans/
