This episode is brought to you by Equity Multiple. Dedicated to assisting physicians in simplifying their investment journey, Equity Multiple enables passive investment in vetted, professionally managed commercial real estate. Learn more at www.equitymultiple.com. Today, Jon dives into the often misunderstood concept of fair market value (FMV) in physician contracts. He discusses how employers determine FMV using various data sets and internal metrics, emphasizing the importance of transparency in these calculations.  Jon also explores how physicians can negotiate compensation based on their workload and additional responsibilities, and why understanding FMV is crucial in contract negotiations.  Tune in to learn more about how to ensure you're fairly compensated and what to consider when reviewing your contract's terms and FMV assessments.

This episode is brought to you by Equity Multiple. Dedicated to assisting physicians in simplifying their investment journey, Equity Multiple enables passive investment in vetted, professionally managed commercial real estate. Learn more at www.equitymultiple.com. In this episode, Jon delves into the importance of precise language in contracts. Drawing from over 13 years of experience and reviewing thousands of contracts, he explains how subtle differences in wording—such as "guarantee" versus "draw" or "minimum hours" versus "maximum hours"—can have significant implications on employment terms. Whether it's about salary, bonuses, termination, or other contract terms, understanding these nuances is crucial.  Jon emphasizes that every word matters and encourages listeners to carefully review their contracts to ensure clarity and fairness.

This episode is brought to you by Equity Multiple. Dedicated to assisting physicians in simplifying their investment journey, Equity Multiple enables passive investment in vetted, professionally managed commercial real estate. Learn more at www.equitymultiple.com. Curtis May with Practical Wealth Solutions joins us today to talk about his 6 Principles of Investing. He also offers a free report on the Value of Liquidity if you text BETHEBANK to 55444. You can learn more about Curtis at www.PracticalWealth.net. 

This episode is brought to you by Equity Multiple. Dedicated to assisting physicians in simplifying their investment journey, Equity Multiple enables passive investment in vetted, professionally managed commercial real estate. Learn more at www.equitymultiple.com. Preston Crouse joins us today to talk about his experience buying a home and to give tips to those who are getting ready to do the same. He explains the process of getting preapproved, documents you will need to get a mortgage, how banks determine how much house you can afford and how much money you can expect to need at closing. 

This episode is brought to you by Equity Multiple. Dedicated to assisting physicians in simplifying their investment journey, Equity Multiple enables passive investment in vetted, professionally managed commercial real estate. Learn more at www.equitymultiple.com. You have a couple options if you cannot be present at the scheduled time for closing. Doug talks about ways to accomplish this and explains why you must plan ahead to utilize your options of using a power or attorney or getting a remote notary. To learn more about Doug, go to www.DougCrouse.com. 

This episode is brought to you by Equity Multiple. Dedicated to assisting physicians in simplifying their investment journey, Equity Multiple enables passive investment in vetted, professionally managed commercial real estate. Learn more at www.equitymultiple.com. James Nutter delves into the personal side of financial decision-making by exploring "money love languages" from the Gottman Institute, emphasizing the importance of understanding what money means to you and your partner. Drawing from his own experiences with security, freedom, and success, James highlights how childhood influences shape our monetary behaviors.  Listeners are encouraged to identify their top money love languages and consider how these can guide their financial decisions. Whether you're single or in a relationship, this episode provides valuable insights into aligning your finances with your personal values. Special mention to James' fiancée, Steph. Click here to access your free financial wellness 101 playbook Advisory services offered through Commonwealth Financial Network®, a Registered Investment Adviser. Resources PSLF Hacks Checklist Follow James Nutter Book a free financial wellness diagnostic with James here Instagram Follow IM Wealth www.imwealth.com Youtube Meaningful Journeys Scholarship Advisory services offered through Commonwealth Financial Network®, a Registered Investment Adviser.

This episode is brought to you by Equity Multiple. Dedicated to assisting physicians in simplifying their investment journey, Equity Multiple enables passive investment in vetted, professionally managed commercial real estate. Learn more at www.equitymultiple.com. James Nutter dives into four essential financial habits for new physicians transitioning to attending status. Drawing from client success stories, James emphasizes the importance of a well-structured financial plan, setting personal life goals, and understanding cash flows.  Listeners receive practical advice on scheduling "money talks," creating a life plan, managing new income, and developing an action plan for free cash flows. Learn how to balance enjoying life now with future financial security during this pivotal career shift. Tune in for actionable steps tailored for medical professionals aiming to live a meaningful, financially confident life. Timestamp Summary     0:03 Four Critical Habits for Physicians Transitioning to Attending Hood 4:26 Debunking Financial Myths and Their Impact on Relationships 6:42 Effective Strategies for Scheduling and Discussing Financial Matters 11:22 Building Your Life Plan Before Your Career 16:23 Understanding Cash Flows for Financial Planning 19:13 Financial Planning for New Medical Attendees 22:10 Seven-Part Goal Setting for Financial Priorities and Investments 24:49 Financial Wellness Tips for Physicians Transitioning to Attending Advisory services offered through Commonwealth Financial Network®, a Registered Investment Adviser.

This episode is brought to you by Equity Multiple. Dedicated to assisting physicians in simplifying their investment journey, Equity Multiple enables passive investment in vetted, professionally managed commercial real estate. Learn more at www.equitymultiple.com. Doug explains the goal and use of an impound/escrow account. Basically it builds a cushion for the bank to make payments on your behalf for taxes and insurance. He also highlights why your loan estimate may differ from your closing disclosure regarding this account. To learn more about Doug, go to www.DougCrouse.com. 

This episode is brought to you by Equity Multiple. Dedicated to assisting physicians in simplifying their investment journey, Equity Multiple enables passive investment in vetted, professionally managed commercial real estate. Learn more at www.equitymultiple.com. Dr. Lisha Taylor, podcast host of WealthMindedMD, joins us to talk about 5 important things to review either when taking a new job or annually when signing up for new benefits.  We talk about protecting yourself, reviewing benefits, maximizing retirement accounts, being strategic about time off and making sure you understand your schedule and expectations. You can learn more about Lisha or listen to her podcast at www.WealthMindedMD.com. 

This episode is brought to you by Equity Multiple. Dedicated to assisting physicians in simplifying their investment journey, Equity Multiple enables passive investment in vetted, professionally managed commercial real estate. Learn more at www.equitymultiple.com. Doug explains how a declining market might impact getting a mortgage on a new property. We have seen a rapid rise in home prices over the past few years, but several markets throughout the US are pulling back and appraisals are coming in short.  When this happens, a bank may not lend you the full offer price you initially made. To learn more about Doug, go to www.DougCrouse.com.