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
Apr 19, 2021 • 42min
Do You Gain More When You Pay For an Expensive Financial Planner?
It's really important to understand how financial advisors are compensated before you decide to work with them. Ryan is a fee-only financial planner, but there are other ways financial planners earn their money. Knowing the difference between payment types like fee-based and fee-only can help make sure you're getting the right kind of support you need. Do you need help overcoming your short-term cash issues and want fair rates from lenders that appreciate a doctor's specific situation? Then reach out to Doc2Doc Lending at www.doctorpodcastnetwork.com/doc2doc.
Apr 13, 2021 • 42min
Understand the Basics of Investing to Better Invest Your Money
There are two things you can always guarantee to hear about when listening to Financial Residency: 1) All of this information should not be considered financial advice, and 2) You should understand what you're investing your money in. That's why Ryan wanted to go over the basics of investing. Whether you have been listening to this podcast for a while, or new to the community, there is something new for everyone to learn about investments. Do you need help understanding and maximizing your contract benefits? Then check out Contract Diagnostics at www.doctorpodcastnetwork.com/contractdiagnostics
Mar 29, 2021 • 34min
Benefits in Treating Your Personal Finances Like a Successful Business
If you look at the tactics which are used every day to run successful companies, there are several key lessons we can all use to help us navigate through our personal finances. When you choose to manage personal finances like a business, it helps you focus on developing sound strategies for your money. What's your bottom line lookin' like these days? 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
Mar 22, 2021 • 53min
Is Cryptocurrency the Greatest Invention Ever? or a Huge Scam? With Zac Prince
It's hard to get the real facts about Bitcoin when people either treat it like joining a cult or just dismiss it as a scam. Fortunately, today's guest, Zac Prince, the founder and CEO of BlockFi, is passionate to help educate everyone on what bitcoin really is and how to make the determination if it belongs in your portfolio. Check out his company at www.financialresidency.com/bf Do you need help reviewing your employment contract before you sign? Reach out to Resolve at www.doctorpodcastnetwork.com/contractdiagnostics to get your review process started today.
Mar 15, 2021 • 41min
What You Stand to Gain from the $1.9 Trillion Stimulus Package with John McCarthy CPA
Last week the 1.9 Trillion dollar stimulus package was signed into law. Of course everyone is focused on getting their next stimulus check, but are there other ways that this stimulus helps or hurts you? Ryan has brought on John McCarthy CPA with Physician Tax Advisors to break down the major takeaways of the American Rescue Plan Act, and to remind you to be kind to your CPA during this tumultuous tax season! Do you want an insurance agent you know you is trustworthy, knowledgeable, and has your interests at heart? Then check out today's sponsor, Larry Keller at www.doctorpodcastnetwork.com/larrykeller.
Mar 8, 2021 • 59min
Recession Proof Your Portfolio by Being Invested in Farmland with Artem Milinchuk
Do you know where your returns come from when you invest in farmland? If you think your investment will only pay you back in apples, then this episode is for you. Ryan talks with Artem Milinchuk, the CEO of Farm Together, to separate the risks from the benefits of this slow but steady investment that could help make your investing portfolio a bit more recession proof. Are you tired of dealing with headaches like finding and retaining quality billing staff? Get in contact today with MedEvolve today at www.doctorpodcastnetwork.com/medevolve.
Mar 1, 2021 • 38min
How to Stop Stealing from Your Business with Mike Michalowicz
Ryan is extremely excited to talk with his guest, Mike Michalowicz, the entrepreneur, speaker, and author of Profit First. These two geek out over why businesses need to stop stealing from their profits and make sure you run your business (and your personal life!) like a well oiled machine. If you're ready to flip your thinking about how to save money, then this episode is for you! This is one of Ryan's must read books, do yourself a favor and grab a copy of Mike's book today! If you need help reviewing your employment contract before you sign, reach out to resolve at www.doctorpodcastnetwork.com/resolve to get the review process started today.
Feb 22, 2021 • 41min
10 Most Popular Questions on Real Estate Syndications with Cathy Carroll MD CFA
After receiving countless questions from the community about real estate syndications, Ryan brings back the expert, Dr. Cathy Carroll MD CFA, to clarify the top questions regarding real estate syndication. Unsure about where to start? Concerned about the risks involved? Well, you better get comfy because we are going to answer all your questions! If you need an objective, transparent, and education-focused process to figure out your disability insurance needs, then you need to talk with Michael Relvas. To get in touch with Michael head to www.doctorpodcastnetwork.com/mrinsurance
Feb 15, 2021 • 39min
How to Create Your Dream Job
Searching for a dream job can feel like finding the needle in a haystack. Even if you don't know what your dream job looks like, there are steps you can take now to help create this vision. Ryan brings back the boss, his wife Dr. Taylor, to talk about the criteria she had when finding and creating her dream job. If you are looking to reduce your burnout, improve your satisfaction in life, and create a life you love and deserve, learn more by going to www.doctorpodcastnetwork.com/alpha
Feb 8, 2021 • 40min
What you need to know about credit reward programs
Credit card companies are great at creating perks to entice people to sign up for a new card. While the rewards may be useful, many people actually get into serious credit card debt or miss payments that crush their credit! The debt accrued trying to attain those rewards ends up negating these perks all together. Ryan provides a brief overview on credit card reward programs, and what you need to know to pick the right credit card. Do you need help ensuring that your contract lines up with your interests and protects your time and family? Reach out to Jon Appino at Contract Diagnostics today! www.doctorpodcastnetwork.com/contractdiagnostics
