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
Oct 7, 2019 • 16min
How Much Should Doctors Spend Vs. Invest
I bet you've wondered about whether you should spend vs. invest as a doctor. You wouldn't be the only one. I hear it all the time much like the listener who sent in his question about income allocation. So, for this show, let's break it down. Take control of your finances with our free financial audit checklist.
Oct 2, 2019 • 42min
The Framing Effect
Have you ever thought about what influences your decisions? Are your choices based on your own mindset--or other factors? Let's dive into different personal finance topics and the behavioral aspect that makes them even more, well...personal! Make sure to subscribe to get our free templates!
Sep 30, 2019 • 26min
The True Cost of 529 Investing
How much do you think you should invest in to your kids' future? And, on the flip, how much should we expect private schools should cost? We know college is expensive and that many of you have questions… just like this listener who sent in his. Take control of your finances with our free financial audit checklist.
Sep 23, 2019 • 33min
Should You Consider a Mortgage Refinance or Loan Modification?
Is there a best time for a loan modification? Or a mortgage refinance, perhaps? There are several programs, new rates, and best case scenarios you should be considering. Check out this episode to learn more. Take control of your finances with our free financial audit checklist.
Sep 16, 2019 • 29min
Trading Time for Cash With Medical Surveys and Medical Expert Witness Work
We discuss how to earn cash with medical surveys and as a medical expert witness. Dr. John Ramey tells us how it's done in this show. Make sure to subscribe to get our free templates!
Sep 9, 2019 • 46min
Filling the Healthcare Gap in Retirement
We discuss what physicians need to know about healthcare in their retirement stages of their career. While Roger Whitney and I realize that this is a heavy topic to talk through, we know it's an important one for our FIRE loving community. Make sure to subscribe to get our free templates!
Sep 2, 2019 • 34min
What No One Tells You About Physician Mortgages
You may have heard of physician mortgage loans, but weren't quite sure how they worked - and if they would even be an option for you. Who exactly are these loans good for and how are they different compared to conventional mortgages? Find out here: https://financialresidency.com/physician-mortgage-loans To gain access to the How Much Home You Can Afford download referenced in the show, click here: https://financialresidency.com/affordhome
Aug 26, 2019 • 31min
Starting a Successful Online Business
Knowledge and networking are just a couple of basics Robert Farrington says that anyone wanting to start their own online blog should have in their sights. While he shares his first-hand experience of trial and error, his determination to make millions from his blog came true but only after realizing what he was in for with the side gig. Make sure to subscribe to get our free templates!
Aug 19, 2019 • 28min
Everything you need to know about Estate Planning for Physicians
Estate planning isn't usually at the forefront of anyone's mind. I get it. But, let's get real for a second. You need to think about your family and loved ones after an event of you no longer being around. You don't need all the bells and upgrades for an estate plan. You do, however, need the basics. In this solo show, I share details about estate planning at a high level. To gain access to the Estate Planning Checklist referenced in the show, click here: https://financialresidency.com/estateplanlist
Aug 12, 2019 • 39min
Pause, Plan, Pivot to Overcome Financial Mistakes
Finding yourself in a bit of a financial pickle? Our guest has a truly relatable story to tell about overcoming financial mistakes. Bill Yount shares what he did to achieve FI in 3 to 5 years, even after creating a financial firestorm. Take control of your finances with our free financial audit checklist.
