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 13, 2018 • 31min
7 Baby to 12 Toddler: Stepping Straight to Financial Freedom
We are reviewing physician blogger Dr. Breathe Easy's 12 Toddler Steps to Financial Freedom, a reference to Dave Ramsey's 7 Baby Steps. We go through all 12 incl. paying off credit card debt, having an emergency fund, and refinancing loans, to name the first few. Kayse Kress is here to join me on this convo made for work BFFs. Jump start your financial residency with these free resources!
Nov 12, 2018 • 13min
Veterans Day Special: Financial Readiness Score with USAA
To honor our Veterans, I interviewed Jeff at USAA. USAA is a proud sponsor and supporter of the military and their families, so the timing is perfect. We talk about what a Financial Readiness Score is and how it's calculated, so members can review their finances at a glance. I talk about how I find this product to be similar to a robo-planner. Listen to why I think that is. Make sure to subscribe to get our free templates!
Nov 6, 2018 • 46min
Should Physicians Get Their Employment Contracts Reviewed?
A lot of physicians are finishing med school and beginning to make choices about their future. Understanding the expectations of their employment contracts is one of those choices impacting their next move. Jon Appino helps our listeners sift through the basics of compensation, bonuses, termination clauses, non-competes, and post termination provisions. Make sure to subscribe to get our free templates!
Nov 2, 2018 • 37min
Curbside Consult with White Coat Investor
We are back to answer listener questions in this insightful episode where The White Coat Investor joins me as we approach some of the most pressing questions our listeners are challenged with. He talks Public Service Loan Forgiveness, establishing a relationship with a financial planner, and banking to put our callers concerns to rest. Take control of your finances with our free financial audit checklist.
Oct 26, 2018 • 34min
No One Cares More About Your Money Than You
Chris Mamula takes us through a journey of working with a poor financial advisor and then eventually winding down the early retirement path on his own. He touched on his experience such as fees, taxes, missed ops and the overall nightmare that ensued. Through extreme financial planning and evaluating his goals, Chris helps others become their own advocates. Make sure to subscribe to get our free templates!
Oct 19, 2018 • 29min
High Side Income with Locums Work
Live on the floor of FinCon, we discuss doing locums work for a healthy side income. Calling bluffs, choosing a location, and starting the vetting process from scratch are just a few things Dr. Carrie Reynolds elevates our knowledge about! Oh, and pave a way for a working interview? Yeah, we talk about that too. Make sure to subscribe to get our free templates!
Oct 16, 2018 • 40min
Bringing It Home: The Process of Buying a House
My better half, Taylor Inman, MD, and I recently experienced a move from Las Vegas, NV to San Diego, CA. Trying really hard to stick within a budget for a new home, Tay and I reflect on some of the good and bad of the home buying process. Our family had a lot riding on the move with our kids and a potential new job, so the stakes were high for our new home and for our sanity. Curious How Much Home You Can Afford? Find out here https://financialresidency.com/affordhome!
Oct 9, 2018 • 42min
The Science Behind Positive Financial Habits
The whole "show us your friends, I'll show you your future," in fact, means everything when applied to our finances. Nick True discusses why we need to be more conscious of the people we hang around. He encourages our listeners to consider the science behind how we behave when we're around our inner circles—they very well may be the deciding factor in having empty pockets or a full bank account. Take control of your finances with our free financial audit checklist.
Sep 25, 2018 • 44min
16 Rewarding Ways to Invest In Real Estate
We are covering how physicians can invest in real estate and ensure their return is worth it! Bringing his "giant list of 16" on investing in real estate, Dr. Peter Kim curates the conversation by laying out realistic and rewarding ways to bring more money into the pockets of hard working physicians. Take control of your finances with our free financial audit checklist.
Sep 18, 2018 • 45min
Financial Freedom for Physicians in 3, 2, 1 Go!
We are turning the dreaded B-word into the much anticipated F-word… (oh wait – that sounds bad). Andy Hill is here talking budgets and financial freedom. In this very wholesome episode, we bring up the expenses that tend to creep up on our families, money talks with our spouses, and "brainwashing" the kids to do their chores so they can buy what they want. Make sure to subscribe to get our free templates!
