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
Apr 24, 2023 • 28min
Grand Rounds: It's Never Too Early to Start Finding Scholarships with Rhea Watson, PhD
Rhea Watson joins us to talk about the 5 easy steps to finding scholarship money. She helps individuals and families through this journey from "womb to tomb." She is the author of "The Scholarship Doctor is In! 5 Easy Steps to a Free Degree." You can find more about her at www.MyScholarshipSolutions.com.
Apr 22, 2023 • 4min
Coffee and Contracts: Visa contracts what you need to know
Today I'm talking about visa physicians and what they need to consider as they look at their employment contract and how they've differ than a traditional W2 physician. Link: www.ContractDiagnostics.com
Apr 21, 2023 • 1h 2min
Financial Vitals: Using Mindset To Fight Physician Burnout with Dr. Diana Londoño
As physicians, it's easy to feel like there are too many people to help with not enough time. On top of that, most physicians have other responsibilities at home, plus passions they pursue to fill their own buckets. But just because you're extremely busy, doesn't mean you need to sacrifice your joy or risk burning out. That's why we're bringing on a physician with multiple businesses and hobbies that is an expert in avoiding burnout, Dr. Diana Londoño. Dr. Londoño is a female urologist, a speaker, a certified life coach, a writer, and a podcaster. On top of all that, she runs a successful business that helps physicians deal with two of their biggest risks: burnout and stress overload. In this episode of the Finance For Physicians Podcast, with guest Dr. Diana Londoño, we're going to cover: - What inspired Dr. Londoño to become passionate about physician burnout, and the journey that made her an expert. - How to deal with information overload and burnout in a way few of us in the industry are aware of. - Why your mindset affects burnout, and how underestimating its importance leads to underperformance in day-to-day life. This will be a fascinating conversation between Daniel Wrenne and Dr. Diana Londoño full of practical tips to help you get the most out of your career, enjoy your time off, and be happier at home. Don't miss a chance to get personal advice unique to your situation. Links: Dr. Londoño's Website Free Support Services For Physicians Contact Finance for Physicians Finance for Physicians
Apr 20, 2023 • 6min
Coffee & Contracts: What to look for in a contract review company/person
Today I want to talk about who you should have review your contract. LINKS: www.ContractDiagnostics.com
Apr 19, 2023 • 11min
Financial Vitals: Review Your Tax Return Like A Pro
Today I want to talk about common questions around, how you should be reviewing your tax return. Link: www.WrenneFinancial.com
Apr 18, 2023 • 5min
Mortgage Minute: What is a loan modification and why would you want that option?
As you know, interest rates are higher now than they have been in years. If your mortgage has a loan modification option, you may be able to go back to your bank and ask for a lower interest rate without going through the hassle and cost of refinancing the loan. Doug tells you more about this option and how it might benefit you. For a free copy of Doug's book on buying a home, go to www.DougCrouse.com.
Apr 17, 2023 • 25min
Grand Rounds: Dr. Latifat Akintade, the MoneyFitMD, Joins Us to Talk About Her New Book "Done with Broke"
Dr. Latifat Akintade from The MoneyFitMD podcast shares her philosophy on "living your life with both butt cheeks." Not only does she help others with money and finance, but teaches us how internal and external wealth can help us be our authentic selves, which may actually be a key way to overcome burnout. Her new book "Done with Broke" will be available 5/2/23. You can get more information about Dr. Akintade and her book at www.MoneyFitMD.com.
Apr 15, 2023 • 5min
Coffee and Contracts: Benefits
Today we're talking benefits. So as you look at your contract and you're looking at your benefits that may change year to year, First off. Does it say anything in the contract about benefits? We usually don't see too much in there. We might see something that says you'll be offered benefits. Join me as I discuss more on benefits! LINKS: www.ContractDiagnostics.com
Apr 14, 2023 • 4min
Coffee & Contracts: What is a contract review?
Today I want to talk about what it means to get a contract reviewed. LINKS: www.ContractDiagnostics.com
Apr 13, 2023 • 10min
Financial Vitals: How Rising Mortgage Rates Affect Home Buyers
With interest rates on the rise, I want to talk about buying a house or upgrading to a bigger one. Links referenced: https://financeforphysicians.co/2023/03/07/the-most-common-financial-planning-mistakes-physicians-make-w-daniel-wrenne/ https://financeforphysicians.co/2022/04/14/renting-your-home-is-the-key-to-building-wealth/ https://financeforphysicians.co/2021/05/06/throw-out-the-rent-versus-buy-rules-of-thumb/ https://financeforphysicians.co/2022/08/04/physician-mortgage-loan-pros-and-cons/
