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
Feb 10, 2023 • 3min
Coffee & Contracts: Non-Competes - going away?
Today I'm talking about non-competes. President Biden recently gave his State of the Union where he mentioned non-compete agreements as well. Join me as I talk about non-compete. LINKS: www.ContractDiagnostics.com
Feb 9, 2023 • 45min
Financial Vitals: Moving Away From Toxic Work Environments And Into Physician Friendly Practices
If you're in medicine, chances are you have experienced toxic work environments. Toxic work environments are a big problem in any industry, but it's even worse in medicine. Very often, it's the work culture, not the work itself that burns you out. Or at least that was the case with Dr. Lara Hochman. Lara is a family physician who found herself burnt out and out of a job after a stint at an unhealthy work environment but managed to pull herself by her bootstraps and build a business around helping physicians ESCAPE that same environment. We don't want to exaggerate, but how badass is that? On today's show, we're going to cover: - How Lara built her business. - The solution to toxic work culture in medicine. - What unhealthy and healthy environments look like. Ready to learn something new? Think you might be in a toxic environment? Tune in for our interview with Dr. Lara and let's figure it out together! Links: www.WrenneFinancial.com
Feb 8, 2023 • 4min
Mortgage Minute: How do student loans affect qualifying for a mortgage?
Doug talks about how student loan debt affects qualifying for a home loan. Not every bank counts the student loans in the same manner, which may impact your debt-to-income ratio when determining how much loan you can obtain. Link to website: https://dougcrousephysicianloans.com/
Feb 7, 2023 • 5min
Coffee & Contracts: Nonnegotiable restrictive covenants!
Today I answer a question that has come up on nonnegotiable restrictive covenants. LINKS: www.ContractDiagnostics.com
Feb 6, 2023 • 22min
Grand Rounds: Dr. Devon Gimbel talks leveraging everyday expenses into credit card points and travel
Dr. Tammy welcomes back Dr. Devon Gimbel to talk about leveraging everyday expenses into credit card points that you can use for amazing travel. She talks about the cost-benefit analysis of taking credit cards that charge fees. She also discusses how to determine whether it is worth it to use a credit card for large expenses even when you have to pay a fee to do so. You can follow Dr. Gimbel on Facebook at Point Me to First Class, either for women physicians or for other business professionals.
Feb 3, 2023 • 3min
Coffee & Contracts: RAD signing bonuses?
Today I talk about a question I have seen come up. I get asked about the common signing bonuses for radiology. LINKS: www.ContractDiagnostics.com
Feb 2, 2023 • 46min
Financial Vitals: Learning How To Fight Burnout Through Life Experiences
Burnout is tough, especially for physicians. But you don't have to be a victim of it. There are ways to combat burnout. It's not this unfixable or unmanageable thing. There are steps you can take. This is why, for this episode, we're interviewing Dr. Sapna Shah-Haque! Dr. Sapna Shah-Haque is a primary care physician who's had numerous battles with burnout, even losing a friend to it, which is part of the reason she started her own podcast and started talking more about it! In this episode, we're going to cover: - How Dr. Sapna Shah-Haque overcame her numerous fights with burnout - Why she feels her lowest moments were a result of her extreme levels of stress as a physician. - What actionable steps you can implement to manage and beat burnout. We're so excited to present to you this conversation and can't wait to explore the important topic of burnout in the medical industry even further! Links: www.WrenneFinancial.com
Feb 1, 2023 • 5min
Mortgage Minute: Appraisals: What happens when they come in too low
Doug talks about how student loan debt affects qualifying for a home loan. Not every bank counts the student loans in the same manner, which may impact your debt-to-income ratio when determining how much loan you can obtain. Link to website: https://dougcrousephysicianloans.com/
Jan 31, 2023 • 6min
Coffee & Contracts: Partnership Language.
Today I go over a question I have been asked in a past talk. Join us today to find out the question and response. LINKS: www.ContractDiagnostics.com
Jan 30, 2023 • 20min
Grand Rounds: Ryan Miller with Etna Interactive talks about ways to manage your online reputation
Physicians frequently feel helpless when they get a bad review online. Ryan Miller, CEO of Etna Interactive, talks today about how you can manage your online reputation and even offers valuable advice on how you can respond to your reviews. His company helps physicians and institutions manage and improve their online brand in various ways. www.EtnaInteractive.com
