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
Nov 11, 2019 • 48min
Real Estate Investing Strategies You Might Not Have Heard About
We walk through Coach Carson's 4 different approaches to real estate. Which of the 4 would you nerd-out on? Make sure to subscribe to get our free templates!
Nov 6, 2019 • 45min
Top 5 Physician Finance Money Lessons
The idea behind the Pareto principle is that for many things 80% of the results come from 20% of the work. This is true in personal finance, too. Today's show will walk you through some of the salient points found in the book that made the all-important cut to be in the 20% you need to know! Take control of your finances with our free financial audit checklist.
Nov 4, 2019 • 32min
What's Up with Student Debt and PSLF?
We dive in to student debt repayment programs and how physicians should be able to take advantage of PSLF even in an uncertain economy. When it comes to the uncertainty of what's to come… Ben White has the scoop. Jump start your financial residency with these free resources!
Oct 30, 2019 • 35min
Beating Herding Mentality on the Path Less Traveled
When making financial decisions it can be disastrous to follow the herd. When it comes time for you to create your budget, investing, and long term financial goals, it's definitely time to choose your own path and deal with due diligence! The Physician Philosopher and I are back at it for our Wednesday "Segment". We will be discussing Herding Mentality. Take control of your finances with our free financial audit checklist.
Oct 28, 2019 • 34min
How to Narrow Down Investment Choices
In today's market, it might not be the easiest decision to narrow down your investment choices. You just don't know what you don't know, right? David Stein cares about making sure we're comfortable making decisions that impact your portfolio. In this show, he explains why. Take control of your finances with our free financial audit checklist.
Oct 23, 2019 • 23min
Choose Your Friends Wisely
It has been said before that "you are the average of the five people you spend the most time with." Do you choose your friends wisely? What if I told you that the relationship your friends have with money impacts your personal finance decisions, too? In this episode, we will discuss how the intersection between our friends and their finances plays a crucial role in our success with money. Make sure to subscribe to get our free templates!
Oct 21, 2019 • 30min
These 7 Stages Affect Your Relationship With Money
We've delved into the 3 Kinder Questions on the show before. But, now, we explore something else that's pretty neat with George Kinder himself. Have you heard about the 7 Stages of Money Maturity? No? Let's help you bridge that gap. Find the companion article: https://financialresidency.com/relationship-with-money Take control of your finances with our free financial audit checklist.
Oct 16, 2019 • 30min
Can Money Buy You Happiness?
What do you say? Can money really buy you happiness? There are two sides of this coin and, in order to know which side to call, you'll first want to know when/how money affects your overall perspective. The Physician Philosopher and I discuss the details here. Make sure to subscribe to get our free templates!
Oct 14, 2019 • 18min
Money Secrets People Keep That Are Actually Pretty Common
Keeping secrets has damaging psychological effects and aren't probably the best thing to do. In this show, we'll hear what other financial professionals think are the biggest money secrets people keep. Make sure to subscribe to get our free templates!
Oct 9, 2019 • 34min
Neutralizing Loss Aversion and Analysis Paralysis
Have you ever focused on one investment that has lost money while ignoring your other investments? Or sold winning investments instead of the losers just so you didn't have to accept the loss? How do you behave when it comes to decision-making? Do you spend a long time thinking over every single decision? Are you sometimes afraid of making the wrong decision? Answers to the questions can help you understand the concept of loss aversion and analysis paralysis and how it influences your finances. Take control of your finances with our free financial audit checklist.
