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 5, 2023 • 4min
Coffee & Contracts: Last two months of training
Today I want to talk about what some next steps would be for those working on a contract this month. LINKS: www.ContractDiagnostics.com
May 4, 2023 • 7min
Financial Vitals: Considerations As You Transition Into Practice - Finding The Right Practice
Schedule a No-cost Triage Meeting With WFP https://go.oncehub.com/meetWFP Contracts and Disability: Understanding Your Rights and Protections as a Physician w/ Jon Appino https://financeforphysicians.co/2023/04/18/insurance-policy-for-disabled-physicians-with-jon-appino/ Moving Away From Toxic Work Environments And Into Physician Friendly Practices w/ Dr. Lara Hochman https://financeforphysicians.co/2022/11/08/moving-away-from-toxic-work-environments-and-into-physician-friendly-practices/
May 3, 2023 • 5min
Coffee & Contracts: Trends in AI and Healthcare - which specialities impacted
Today I wan to talk about artificial intelligence and what that might mean for health care. LINKS: www.ContractDiagnostics.com
May 2, 2023 • 5min
Mortgage Minute: Changes coming for physician loans
Many banks are updating their requirements and rules regarding physician loans. Doug talks about changes you may see at various banks around the US. He also offers his free book Hippocratic House: Do No Harm When Purchasing Your First Physician Loan to you at www.DougCrouse.com.
May 1, 2023 • 16min
Grand Rounds: Two brothers create an international telemed platform to help countries in time of disaster
In 2020, Lebanon faced a terrible bombing in Beirut that injured and killed thousands. Drs. Noel and Marc Ayoub had strong family ties to Lebanon and wanted to help. Not only were they in residency at the time, but it was also at the beginning of Covid, yet they were able to rally hundreds of healthcare providers to provide critical mental health and health care services to those people in need via telemedicine. They have since expanded to other areas faced with war and natural crises. To learn more about how you could volunteer to help, go to www.HealBeirut.com or www.HealRemote.com.
Apr 29, 2023 • 6min
Coffee & Contracts: AI contract review
Today I talk about using AI to review a contract. LINKS: www.ContractDiagnostics.com
Apr 28, 2023 • 52min
Financial Vitals: Using Money As A Tool To Be A Great Physician Dad
Today's episode is a tough one. We will tackle two of the most important topics in a person's life: Money and parenting. In this episode of "Finance for Physicians", Daniel Wrenne interviews Dr. Adam Broussard and Dr. David Weisenhorn, to dive deeper into the family and money matters that physicians often deal with. Dr. Adam is a practicing pediatric anesthesiologist, husband, father, certified life coach, and host of Dads Before Doctors, a podcast for physicians and other high-achieving fathers. Dr. David is a returning guest on our show and a good friend of our co-hosts. He's been working hard in the field of parenting research at the University Of Kentucky. He has a background in clinical mental health counseling - working with families over some of the most challenging problems in their lives. Topics of discussion include: - How money and parenting creatively can help enhance your work as a physician and family life - Why it is important to discuss money with your kids - What to look for when beginning the process of improving your finances as a physician Today's episode will be incredible; you won't want to miss it! Links: Die With Zero: Getting All You Can from Your Money and Your Life Mindset: The New Psychology of Success The Family Board Meeting: You Have 18 Summers to Create Lasting Connection with Your Children Find Adam: www.Adambroussardmd.com www.Dadsbeforedoctors.com About David: https://hes.ca.uky.edu/person/david-weisenhorn Mentioned: https://frontrowdads.com/ https://www.gobundance.com/ Contact Finance for Physicians Finance for Physicians
Apr 27, 2023 • 56min
Financial Vitals: How Physician Entrepreneurship Can Help You Start Living Your Best Life
Entrepreneurship is a liberating concept. Outside of the promises of wealth and prestige, being an entrepreneur or cultivating the QUALITIES of an entrepreneur is a blueprint on how to solve problems better and solve better problems. Our guest today is the perfect example of that. Ernesto Gutierrez, MD is a practicing physician/entrepreneur with an extensive track record of success behind his back: • Grew a stem cell therapy practice to 7+ figures in revenue. • Helped develop regenerative medicine treatment protocols for conditions such as autism, multiple sclerosis, Parkinson's, and other neurodegenerative disorders. • Started his own online business by risking it all... and made it. Ernesto has successfully made the transition from a practicing researcher and physician to an online entrepreneur. A feat that we're quite curious to discuss on today's episode! And more importantly... we'd like to discuss how you, the listener, can do the same. Links: Dr. Ernesto Gutierrez Website Breaking Away From Traditional Primary Care to Start a Concierge Medical Practice w/ Dr. Cady and Ryan Brown Using Money As A Tool To Live Regret-Free Lives w/ Dr. Jordan Grumet Jim Rohn's Free Audiobooks Contact Finance for Physicians Finance for Physicians
Apr 26, 2023 • 5min
Coffee & Contracts: Your colleagues make more? You Don't Want to blend in
Today Jon talks about a contract he recently helped a physician with, on renegotiating her terms. LINKS: www.ContractDiagnostics.com
Apr 25, 2023 • 5min
Mortgage Minute: What is earnest money and how does it affect my mortgage?
Doug talks about putting down earnest money. Can you get that money back at closing? Can you apply it to fees associated with your loan, such as paying for taxes, insurance or an appraisal? What if I have gift money from family or a credit from the seller? Be sure to listen to today's episode to find out! For a free copy of Doug's book on buying a home, go to www.DougCrouse.com.
