Financial Residency

This episode is brought to you by Equity Multiple. Dedicated to assisting physicians in simplifying their investment journey, Equity Multiple enables passive investment in vetted, professionally managed commercial real estate. Learn more at www.equitymultiple.com. Join Jon as he dives into the nuances of employer compensation structures and the importance of understanding when and how these changes occur. Learn how to proactively engage in compensation discussions, leverage the latest MGMA data, and craft a compelling case for your value. Whether you’re negotiating a new contract or preparing for an upcoming review, this episode provides essential insights for maximizing your compensation package. Jon invites individuals to contact Contract Diagnostics through phone, chat, or email for personalized assistance, visit www.ContractDiagnostics.com

This episode is brought to you by Equity Multiple. Dedicated to assisting physicians in simplifying their investment journey, Equity Multiple enables passive investment in vetted, professionally managed commercial real estate. Learn more at www.equitymultiple.com. In this episode of the Mortgage Minute, host Doug Crouse discusses crucial aspects of real estate contracts that can jeopardize your down payment, with a focus on earnest money. Learn why earnest money isn't always refundable and the risks involved in waiving loan contingencies.  Doug provides essential tips to protect your earnest money and navigate the home-buying process more securely. Tune in to ensure you're making informed decisions when buying a home. If you have questions, Doug is available at DougCrouse.com

This episode is brought to you by Equity Multiple. Dedicated to assisting physicians in simplifying their investment journey, Equity Multiple enables passive investment in vetted, professionally managed commercial real estate. Learn more at www.equitymultiple.com. Many physicians are interested in diversifying their portfolio with passive real estate investing. Charles Clinton joins us to talk about the risks and benefits of alternative investments with a crowdfunding platform as both the real estate owner and lender. We explore how current interest rates are affecting investments, tax benefits of real estate and how fractional real estate ROI is distributed. You can learn more and sign up for free education at www.EquityMultiple.com. 

This episode is brought to you by Equity Multiple. Dedicated to assisting physicians in simplifying their investment journey, Equity Multiple enables passive investment in vetted, professionally managed commercial real estate. Learn more at www.equitymultiple.com. Hey everybody, it's Jon again with Contract Diagnostics. Today, we're diving into the topic of physician burnout and how it's impacting contracts. Employers are now implementing various strategies to combat burnout, such as increased vacation time, support programs for physicians and their families, and more structured work hours. It's crucial to have thorough discussions about your work schedule and support options with your employer. For any contract-related advice, reach out to us at Contract Diagnostics.  Jon invites individuals to contact Contract Diagnostics through phone, chat, or email for personalized assistance, visit www.ContractDiagnostics.com

This episode is brought to you by Equity Multiple. Dedicated to assisting physicians in simplifying their investment journey, Equity Multiple enables passive investment in vetted, professionally managed commercial real estate. Learn more at www.equitymultiple.com. ** if you didn’t already, tune into the 3 Simple Summer Money Hacks Episode** James Nutter breaks down a game-changing framework to help physicians achieve their financial goals, adding a powerful fourth step to his previous three summer money habits. James introduces the meaningful goal-setting model, personalized for each physician's unique journey. He navigates through goal identification, setting smart deadlines, prioritization, and the importance of visualization and accountability. Dive in to discover how to stay financially on track, avoid burnout, and live a fulfilling, present life while aiming for future financial success. Listen for actionable insights and practical advice. 7 Part Meaningful Goal Setting Framework.  identify your goals - things you want in life.  Places you want to go  Things you want to do Things I want to have next 12 months next 3 years next 5 years write them down and share them with others - how much would it cost? vision board.. what am I staring at in the face every day? Identify what challenges could come up set deadlines - if there’s no deadline it’s just a dream prioritize your goals - items of wants and needs in a logical order visualize your goals - picture yourself accomplishing the goal.  be persistent  With your new commitment to financial wellness and investing back into yourself what kinds of things do you want more of? What new lifestyle things will you want? Investments Real Estate Kids College Funds Retirement planning Experiences Loans Travel Car  House Luxuries Country Club Training / Events New Healthy Lifestyle choices - join x gym  What does a meaningful life mean to you? Cost to create your new meaningful life.  A. Cost to live per month - complete circulatory cash flow system training (use rocket money $8/mo to help you or budget tool in emoney) B. Current take home monthly income. C. Difference Between A & B. You either have a surplus or shortage.  D. Monthly Cost to accomplish the goals you wrote above (I.e. $1,000/mo in additional vacation, $600/mo car payment, etc.). E. Add C&D. Your current need (or deficit) + Your vision. F. What is your projected future monthly income? H. Projected Surplus (or shortage). Subtract F minus E.  I. What else would you like to do with your surplus? If you have a shortage, what else can you do to make more money and reach your goals? Now visualize your meaningful journey. What will life be like at the new level? Current lifestyle - what does your current life afford you. Investments Loans Retirement funds Kids college Real Estae Car house bills luxuries vacations country club self care gym  NEW LIFESTYLE - what my life will look like at this level what will I improve.. what will I do different Investments Loans Retirement funds Kids college Real Estate Car  house  bills luxuries vacations country club Self care gym Advisory services offered through Commonwealth Financial Network®, a Registered Investment Adviser.

Guest James Nutter, a financial planner, discusses the importance of hiring a financial planner and the standards they are held to. He contrasts fiduciary vs. suitability standards and explains key licenses and certifications. Highlights include determining if you need a financial planner, understanding advisor standards, checking credentials, and choosing the right path for financial guidance.

This episode is brought to you by Equity Multiple. Dedicated to assisting physicians in simplifying their investment journey, Equity Multiple enables passive investment in vetted, professionally managed commercial real estate. Learn more at www.equitymultiple.com. This week Doug Crouse discusses the importance of managing your funds for closing. It's vital to avoid consolidating money right before closing due to potential bank holds. If you do need to consolidate funds, do it well in advance. Avoid moving large sums into a new bank account without transaction history, as this can appear suspicious and cause delays. Ensure the funds are in an account with established history to prevent issues. Thanks for listening, and we'll talk to you next time. If you have questions, Doug is available at DougCrouse.com

This episode is brought to you by Equity Multiple. Dedicated to assisting physicians in simplifying their investment journey, Equity Multiple enables passive investment in vetted, professionally managed commercial real estate. Learn more at www.equitymultiple.com. Jon from Contract Diagnostics provides an update on the FTC's non-compete rulings as of June 5th. The FTC recently voted to eliminate non-competes in the United States, though the decision faces legal challenges. While this affects around 30 million Americans, only about 500,000 to 600,000 are healthcare providers. Jon outlines key dates and timelines for ongoing legal proceedings and emphasizes the importance of renegotiating contracts proactively. He advises physicians to understand their current agreements and prepare for potential changes, while employers should focus on retaining top talent. For more information and assistance, Jon encourages reaching out to Contract Diagnostics. Jon invites individuals to contact Contract Diagnostics through phone, chat, or email for personalized assistance, visit www.ContractDiagnostics.com

Brian Preston, CFP, discusses the financial order of operations for building wealth, emphasizing steps from debt management to retirement savings. He highlights the benefits of index fund investments and shares insights from his new book 'Millionaire Mission.' Additionally, Brian shares his journey in financial education and content creation, aiming to simplify financial knowledge for his audience.

This episode is brought to you by Equity Multiple. Dedicated to assisting physicians in simplifying their investment journey, Equity Multiple enables passive investment in vetted, professionally managed commercial real estate. Learn more at www.equitymultiple.com. “Know thyself” – a timeless maxim etched onto the ancient Temple of Apollo in Greece. But what does it truly mean? Join us on a journey of self-discovery as we explore the depths of this profound saying. There’s a reason why nearly one third of lottery winners go broke within their first 3-5 years.* They were handed millions of dollars vs. growing into someone worthy of becoming a millionaire. There’s a difference. As doctors, your path is unique.  You spent your 20s mastering medicine, not finance or why you are the way you are as a human being. And remember, before influencing others, we must understand ourselves. Reflect on our own money triggers, strengths, and weaknesses. How does your upbringing color your views? Source: https://www.usatoday.com/story/news/nation/2023/07/19/powerball-mega-millions-winners-instant-billionaire-regrets/70430571007/#:~:text=Nearly%20one%2Dthird%20of%20lottery,Financial%20Planner%20Board%20of%20Standards. Trying to qualify for PSLF and unsure if you’re on track? Get James’s 100% Public Service Loan Forgiveness Checklist and Masterdashboard. Go to https://info.imwealth.com/pslf to learn more.  Advisory services offered through Commonwealth Financial Network®, a Registered Investment Adviser.