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
Aug 5, 2019 • 33min
Becoming a Strategic Quitter (and Being Good At It)
Frankly, it's easy to make a knee-jerk decision to quit… but when it comes down to the fear of the unknowns, you might be channeling unaddressed energy that causes you to continue down a path that might not be the best suited. The mindset shift involved in strategic quitting happens when you discover what your ideal life looks like says my guest, Dr. Lynn Marie Morski. Make sure to subscribe to get our free templates!
Aug 1, 2019 • 22min
Special Issue: Unisex Rates in Disability Insurance
Being a time-sensitive subject on disability insurance, this is such an important topic for all of you. There is a lot of confusion and activity going on in the marketplace, so the updated information given to us by Larry Keller of Physician Financial Services is pure gold. Make sure to subscribe to get our free templates!
Jul 30, 2019 • 43min
Becoming Time Rich with Work Life Integration
We discuss healing doctors from burnout by simplifying how they go about their day to day. Dr. Taylor Brana comes on the show to share the very methods he uses to stay ahead of the life-game, even while in residency. Jump start your financial residency with these free resources!
Jul 22, 2019 • 27min
The Surprisingly Not Surprising Differences Between Retirement Plans
The numbers and letters may be a bit confusing when it comes to retirement plans. However, we cover two main things in this show to simplify things a bit. Employer sponsored plans like 401k/403b and 458 and individual Plans. Small business plans will be covered next time! Take control of your finances with our free financial audit checklist.
Jul 15, 2019 • 35min
Top Mistakes You See Physicians Making with Their Loans
So many physicians are making a ton of mistakes with their finances. And those pesky student loans… the mistakes could fill a full page bleed. Join Jan Miller as he shares the best pointers for handling your debt. Jump start your financial residency with these free resources!
Jul 8, 2019 • 37min
Physician Contract Review Mistakes Newbies Make
Mistakes are sometimes unavoidable. But when it comes to your contract, you're more than likely better off knowing where to prevent them from happening in the first place. Kyle Claussen gives a head's up on the open doors for potential mistakes. Make sure to subscribe to get our free templates!
Jul 1, 2019 • 46min
Living The Good Life with Deferred Gratification
What does patience have to do with anything money related? Everything! In this episode, Nick True says that our happiness, success, and our thought-processes revolve around our ability to be patient. However, throwing money into the mix really makes things more complicated. Take control of your finances with our free financial audit checklist.
Jun 24, 2019 • 38min
Returning the Favor: Talking to Your Parents About Money
It may be difficult to have discussions about money as it is. But it becomes even more challenging when you pair that with the people who raised you. Cameron Huddleston says that you need to have these important conversations sooner than later. Her reasons why will having you planning out your next steps. Take control of your finances with our free financial audit checklist.
Jun 17, 2019 • 47min
When Emotional Intelligence Is Your Best Investment
Emotional intelligence quotient is the ability to be aware of your emotions as you experience them. The Inspired Dentist says that the more we're aware at the time of making choices, the better choices we make. Take control of your finances with our free financial audit checklist.
Jun 10, 2019 • 31min
The Dreaded "B" Word
A Budget Allows Your Money Work for your Goals You've probably had an experience with a budget in the past which didn't work the way you intended. It can feel frustrating and constricting, and usually it won't last very long. But by incorporating your goals and priorities into the creation, your budget can become an essential tool in your financial management plan. Take control of your finances with our free financial audit checklist.
