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
Mar 25, 2019 • 50min
How to Make Your Consumer Debt a Thing of the Past and Increase Wealth
Imagine being free from the stress and worry of consumer debt. Now imagine all the money spent in making credit card payments is going toward building your wealth. Marcus Garrett talks to us about eradicating your consumer debt, so you can begin to build wealth and plan the life you truly want to live. Take control of your finances with our free financial audit checklist.
Mar 18, 2019 • 52min
How to Improve Your Mindset When Paying Down Debt
Working with the snowball notion of concentrating on paying off smallest debts first, then applying the same principle to other debt, the concept is incredibly important to unshackle the debt cuffs. Dr. Cory Fawcett enjoys guiding healthcare professionals toward living healthy and debt-free lives by teaching them personal finance techniques. How can you improve your mindset when paying down debt? Take control of your finances with our free financial audit checklist.
Mar 11, 2019 • 33min
How to Use Investment Clubs to Your Advantage
What the heck is an investment club? Plainly, it's a group or a club who learns about stock investing together and invests in the same fashion. Not really a fan of them myself, I bring Dr. John Jurica to go back and forth with me about how physicians can learn, make some money and have some fun (?) with them. Check out the debate between he and I in this episode. Make sure to subscribe to get our free templates!
Mar 4, 2019 • 44min
How to Boost Your Wealth by Investing in Gold and Silver
Imagine having an opportunity to invest in gold and silver. Now imagine not really knowing the purpose or motivation behind the investment. Peter Hug talks to us about the psychology and perceived reasoning for building a successful portfolio. Interested in making the investment? Learn more about it here. Make sure to subscribe to get our free templates!
Feb 25, 2019 • 41min
Give Yourself the Freedom to Fail with Your Finances
To share some about the background and behavioral aspects of FI that physicians struggle with, Doc G is here to talk about how to overcome the force of debilitative thinking and fear of the unknown. This is a super interesting episode, so be sure to tune in. Take control of your finances with our free financial audit checklist.
Feb 18, 2019 • 45min
Be In The Know: Save Thousands of Dollars with These Money Saving Hacks
We talk a lot about budgeting and cash flow management on the show, but we don't really delve into the specifics of where physicians can save money. Joel Laarsgard joins me to talk about the money saving hacks most physicians really aren't aware of. Spend less, save more? Heck yes. Tune in to find out where you can join in on this money fun. Make sure to subscribe to get our free templates!
Feb 11, 2019 • 36min
Surprising Triggers That Cause You to Be An Impulsive Spender
Impulse spending, credit card debt and credit card fraud? Ut oh. Jennifer McDermott is fantastically insightful about the triggers that cause you to overspend and we had her on the show to spill. How does impulse spending completely turn a normal financial state into a chaotic one? Find out in this show. Take control of your finances with our free financial audit checklist.
Feb 4, 2019 • 38min
Will Making More Money Make a Physician More Happy?
Physicians go from making an average salary to making multiples of that overnight. When this happens, Pandora's Box is opened. What then? The Physician Philosopher says the problem with medicine is that doctors have long financial journeys. Is an increase in money really going to make them happier and, if it does or doesn't, where should that money be spent to add the right meaning to a doctor's life? Take control of your finances with our free financial audit checklist.
Jan 28, 2019 • 40min
Mastering the Art of Setting Money Goals
Find out why setting goals keeps one accountable to achieving their short-term and long-term aspirations. Chris Browning joins me to discuss the use of techniques such as gamification to incentivize small wins, keeping goals in front of us, the value of peer pressure and recovering from deviation. How do you fair when you set your goals at the beginning of the year? Take control of your finances with our free financial audit checklist.
Jan 21, 2019 • 38min
The Skinny on FAT FIRE with Physician on FIRE
FIRE, Financial Independence Retire Early, is something Physician on Fire discovered four years ago. He's written about it as a state of being able to live the lifestyle you want without having to work for money. FAT FIRE is an above average budget while being financially independent. How does it impact you? Let's get into it. Take control of your finances with our free financial audit checklist.
