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
Jan 27, 2023 • 30min
Financial Vitals: Using Finances To Fight Physician Burnout
Physicians are often associated with burnout. And there's a reason why. There are arguably few professions that rival the stress a physician has to endure throughout their career. But the stress isn't always at the hospital or the private practice. Financial matters can cause distress for physicians, but they can also be the solution. On this episode of the Finance for Physicians podcast, we're going to talk about: - The sneaky nature of burnout. - How medical professionals are prone to burnout from college. - Upward mobility in medical professions and how this addicts the physician to a more stressful lifestyle. - How to not miss out on family experiences as an ambitious professional - And so much more! Links: www.WrenneFinancial.com
Jan 26, 2023 • 5min
Coffee and Contracts: Questions Answered Part 5
Today I want to talk about the letter of intent for academic job. LINKS: www.ContractDiagnostics.com
Jan 25, 2023 • 4min
Financial Vitals: Donor Advised Fund
Today I gonna talk about another end of year and beginning of the year tax and planning strategy to think about. Links: www.WrenneFinancial.com
Jan 24, 2023 • 4min
Mortgage Minute: What options are available when buying a home for your parents
What happens when appraisals come in too low? Just because you offer a certain amount for a house doesn't mean the appraiser will agree it's worth that price. Does that affect the amount of money a bank will lend? Can you renegotiate with the seller to get a better price? Link to website: https://dougcrousephysicianloans.com/
Jan 23, 2023 • 24min
Grand Rounds: Christin Trujillo with Maven FP talks about how a fractional CFO could help your practice be more financially successful and thrive
Are you a practice owner or dream of opening your own practice? Today we talk with Christin Trujillo who is a Fractional CFO with Maven Financial Partners. She works with physicians to help them understand their financials, build budgets, plan for growth, bring on new partners, and design a blueprint for the future of their business. You can learn more at www.MavenFP.com.
Jan 20, 2023 • 7min
Financial Vitals: Tax Benefits of Donating Appreciated Securities
Today I wanted to give a little nugget on giving stock instead of just giving cash. Links: www.WrenneFinancial.com
Jan 19, 2023 • 5min
Coffee and Contracts: Questions Answered Part 4
today, I wanted to talk about a question I've been asked. Its about letter of intent for academic jobs. LINKS: www.ContractDiagnostics.com
Jan 18, 2023 • 8min
Financial Vitals: Giving RMDs To Charities Under The QCD Rule
Today I wanted to talk about today is charitable giving strategies. Links: www.WrenneFinancial.com
Jan 17, 2023 • 4min
Mortgage Minute: What options are available when buying a home for your parents
Many physicians want their parents to live close so they can help provide care. You don't necessarily need an expensive "investment loan" to accomplish this. What are the requirements for getting a traditional Fannie/Freddie loan in your name so your parents can live close by? Link to website: https://dougcrousephysicianloans.com/
Jan 16, 2023 • 14min
Grand Rounds: Jon Appino joins Dr. Tammy to talk about his role with the new Financial Residency Speakers Bureau
As mentioned two weeks ago, Financial Residency is starting a new Speaker's Bureau to bring qualified professionals to your residency program, office or hospital to cover topics that matter most to you. Jon Appino has volunteered his expertise in contract review and negotiations and is available to schedule at no cost with your group. He talks about multiple topics on which he or one of his team can address. LINKS: www.ContractDiagnostics.com
