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
Jul 19, 2021 • 33min
Get Clear on Your "Why" and You'll Avoid More Risks With Jon Appino
Just when you thought they couldn't talk more about contracts, Ryan brings back Jon Appino to break down contractual risks. The challenge is that risks don't apply to everyone, it requires you to know what you want out of life. Sure, this isn't a sexy topic like investing and real estate, but your livelihood should be just as important to you as what you invest in. Are you too busy to build the professional digital presence your business needs? Then reach out to Advice Media at www.doctorpodcastnetwork.com/advicemedia
Jul 12, 2021 • 42min
Beware the Dangerous Siren's Call Of Sign-on Bonuses From Your Employer!
Last week, Ryan talked with Jon Appino about the general trends in contracts, but today they dial in on the trends with physician compensation. Whether you're starting your career, or have been established at your job for a while, it's important to understand how your compensation is structured. If you don't understand your compensation structure, you may end up owing your employers a lot of money when you leave! Are you too busy to build the professional digital presence your business needs? Then reach out to Advice Media at www.doctorpodcastnetwork.com/advicemedia
Jul 5, 2021 • 30min
Why It's Important to Know What's in Your Contract With Jon Appino
This month we're talking all about contracts with the amazing Jon Appino. Considering how he's worked with physician contracts for over 10 years, he is the go-to person to notice what's changed with signing contracts. This week, Jon goes deep into some of the contract changes he's noticed due to Covid, for better and worse. Dr. Errin Weisman is passionate about creating sustainable careers for women and fundamentally changing the toxic culture of healthcare one woman at a time. Check out her podcast Doctor Me First at doctorpodcastnetwork.com/doctormefirst
Jun 28, 2021 • 38min
Should You Refinance? Joy Navarre Sorensen Is Here to Address Your Concerns
Ryan is closing out Student Loan month talking about the dreaded term...refinancing! He's brought back Joy to talk about what it means to refinance and why you might need to refinance instead of taking PSLF. Whether you think you need to refinance or not, please make sure you talk with a financial adviser before acting on anything! Are you burned out or need a change of pace, or looking to supplement your income? Then maybe locum tenens is for you. Reach out to www.doctorpodcastnetwork.com/locumstory to learn more.
Jun 21, 2021 • 41min
Mistakes We Hope You Never Make With Your Student Loans With Joy Sorensen Navarre
Ryan and Joy have talked a lot about ways to manage your public student loan forgiveness. Today, they're discussing what happens when you don't keep a close eye on your forgiveness plan, and how mistakes could cost you hundreds of thousands of dollars! There are so many ways you could lose your forgiveness plan, so it's important to always review your forgiveness plan. Are you burned out or need a change of pace, or looking to supplement your income? Then maybe locum tenens is for you. Reach out to doctorpodcastnetwork.com/locumstory to learn more.
Jun 14, 2021 • 28min
No Clickbait Headlines, Just Real Information on PSLF With Joy Sorensen Navarre
It seems more and more headlines are trying to scare everyone into thinking no one is qualifying for Public Student Loan Forgiveness, or PSLF. That's why Ryan brought back Joy Sorensen Navarre to help put those fears to rest and help navigate how this loan forgiveness process works. Do you need help making a prudent decision about your disability insurance without overcomplicating things? Then reach out to Michael Relvas at www.doctorpodcastnetwork.com/mrinsurance.
Jun 7, 2021 • 33min
Learn How To Navigate Your Student Loans With Joy Sorensen Navarre
Ryan has received a ton of emails and questions about student debt over the past few months. That's why he has brought on the wonderful Joy Sorensen Navarre from Navigate Student loans to talk about what to do when you're just starting to pay back student loans. Whether you're a starting residency or are now a brand new attending, if you're trying to figure out what to do with your student debt, this episode is for you! Are you too busy to build the professional digital presence your business needs? Then reach out to Advice Media at www.doctorpodcastnetwork.com/advicemedia
May 24, 2021 • 33min
The "Unsexy" Side of Real Estate Investing... Taxes with John McCarthy CPA
Ryan has invited the one and only John McCarthy today to run down all the information you need to know about the unsexy side of Real Estate...taxes. So if you're ready to dive head first into real estate after the past couple of episodes, make sure you listen to this episode to make sure you don't get in trouble with the IRS! you want to work with an insurance agent that is well versed in the underwriting of both disability and life insurance policies for physicians? Then contact Larry Keller at www.doctorpodcastnetwork.com/larrykeller
May 18, 2021 • 35min
The Closest Thing to Passive Income in Real Estate with Dr. Cathy Carroll MD, CFA
Ryan invited on physician and real estate syndicator Dr Cathy Carroll to do a deep dive in the pros and cons of investing in real estate via syndications. By the end of this show you will know if real estate investing belongs in your portfolio or not. Comment in the community chat www.financialresidency.com/community with your real estate plans! Reach out to Panacea Financial for your banking needs as a physician. Panacea's PRN personal loan was designed specifically for physicians and physicians in training. Go to www.panaceafinancial.com and open your new account today. Panacea Financial is a division of Primis, Member FDIC.
May 3, 2021 • 40min
Improve Your Understanding of Real Estate With This High-Level Guide
This month, the focus is on real estate, exploring who should invest and why. Discover the crucial balance of property ownership and the potential challenges that come with being a landlord. Learn about how real estate can diversify your portfolio and hedge against inflation while addressing the financial prerequisites for entering the market. Various forms of real estate investing are discussed, along with key questions to help determine your investment approach. Plus, some real-life contract pitfalls and the importance of precise terms are highlighted.
