Financial Residency

Join me as I talk about financing a second home. With loan level price adjustments added it has just drastically made pricing, meaning rates or closing costs on second homes, considerably worse. Link to website: https://dougcrousephysicianloans.com/

Today we talk about terminating a contact. Jon Appino gives insight on terminating a contract and what to watch out for. Check out his website and learn more in depth about Jon and his team! Link: https://www.info@contractdiagnostics.com/

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

It's that time of year again where many of you are considering giving generously to help others. What are some of the best tax strategies for giving? In this episode of the Finance For Physicians Podcast, Daniel Wrenne talks to Justin Harvey, a fellow Certified Financial Planner (CFP®) and founder of Anesthesia Success—a planning firm and podcast dedicated to helping anesthesia and pain physicians make successful career and financial decisions. Topics Discussed: • Charitably inclined? Uncle Sam encourages contributions to help everyone • Science of Giving: Feels good when faith shapes financial plan/philosophy • Giving Forms: Generously invest time, money, emotion for observable impact • Is giving important? When? Giving imperfectly is better than not giving at all • Standard vs. Itemized Deduction(s): Cultivate desire and mechanics of giving • Charitable Contributions: Change from above- to below-the-line tax deduction • Appreciated Securities: Giving a security that has unrealized taxable gains • Taxable Accounts: Investment account type that has no inherent tax advantage • Donor Advised Fund: Pros and cons of using the DAF strategy for giving • Batched Giving: Strategically think about timing of gift based on tax situation • Internal vs. External Factors: How will tax situations, brackets, policies change? • Tax Impact: Qualified Charitable Distribution vs. Required Minimum Distribution • Private Foundations: Give more meaningfully charitably to express generosity LINKS: www.WrenneFinancial.com

So we've got a quick blurb today on 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

Come and join us as Jon Appino talks on physician contracts, when to start the process, if you're getting paid enough and what red flags to be on alert about. Jon Appino and his team have been helping physicians for over a decade and they really know there stuff! Check out his website and learn more in depth about Jon and his team! Link: https://www.info@contractdiagnostics.com/

Can money buy happiness? You can have all the money in the world and be completely unhappy. How can they use money and time to live happier lives. In this episode of the Finance for Physicians Podcast, Daniel Wrenne talks to Jeff Wenger, a Certified Financial Planner (CFP®), about the science behind using money and time to attain happiness. In the previous episode, Jeff discussed how physicians can better align time and money management with their values. Topics Discussed: Psychology and the Good Life: Laurie Santos's scientific research on happiness Laurie's Lesson 1: Our minds are really bad at predicting happiness Tangible vs. Intangible Things: What brings you the greatest happiness? Laurie's Lesson 2: Circumstances don't play as big a role as people think they do What drives happiness? 50% genes, 10% circumstances, 40% thoughts, actions, and attitudes Laurie's Lesson 3: Time versus money, which do you value more? Spare Time: Spend money on things that save time for best return on happiness Trade Offs: Delegate to make time and gain back time that brings happiness link: www.WrenneFinancial.com

Today we discuss contracts with Jon Appino as he launches his new segment called Coffee and Contracts. Jon talks about the benefits of automatically renewing your contract. LINK: www.ContractDiagnostics.com

You can have all the money in the world and be completely unhappy. Everybody wants to move closer toward living out their version of an ideal life. Yet, the daily grind we all face tends to push us away from this. In this episode of the Finance for Physicians Podcast, Daniel Wrenne talks with his colleague Jeff Wenger, about how physicians can better align time and money management with their values. Topics Discussed: Where to begin? Start with a plan to align financial actions with values • Two Mindsets: Auto-pilot thinking versus deliberate thinking • Awareness: Start with gaining awareness of your actions • Time and Money Management Exercise: Find ways to track what you've done • Awkward Conversations/Characteristics: Plan for success, write your obituary • Life Planning: Kinder's 3 questions about living out your ideal life • New Day-to-Day Decisions: Say 'no' to things that don't align with your values • Ideal Calendar: Prioritize values by making time and space on your calendar • Should you stay on auto-pilot? No, do something, take action to help your wealth link: www.WrenneFinancial.com

Join me as I discuss interest rates and where they could be headed. As an expert in the industry I will tell you where I think interest rates are headed. Link to website: https://dougcrousephysicianloans.com/