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
Sep 14, 2018 • 34min
The Golden Answer to "Pay Down Debt or Invest" with White Coat Investor
Your finances are dependent on your actions and those actions are dependent upon the knowledge you acquire. White Coat Investor brings this concept to us in the form of his notable "Live Like a Resident" philosophy—which most of us find really hard to do. Listen how living like a resident will do you more good than not down the road. Jump start your financial residency with these free resources!
Sep 12, 2018 • 36min
14 Days to Jumpstart Your Financial Residency
Jumpstart your Financial Residency in 14 days? PT Money is in the house and he is here to show us how it's done! PT, aka Philip Taylor, is not your average blogger. He's more like your ultimate money nerd with a gold chain and in this episode, he shows us why! Jump start your financial residency with these free resources!
Sep 10, 2018 • 52min
Stretch Your Stash! How to Make Your Money Go Further
With his wife being a pediatrician and with twins rummaging around, Joe Saul-Sehy is the perfect person to talk pinching pennies for the sake of stretching your stash. A big deal in the world of finance, Joe Saul-Sehy of the Stacking Benjamins show joins me for this insightful episode! Jump start your financial residency with these free resources!
Jun 27, 2018 • 40min
How to Balance Your Time Versus Money to Live a Richer Life
Do you know what you want in life so you aren't spending money trying to impress people who might out-impress you tomorrow anyway? Maybe it's time to gain a solid perspective on how to balance your time versus money. Rocky Lalvani spends time with us to talk about time versus money. The discussion is a quality-derivative in terms of living a life you don't have to struggle to maintain. Take control of your finances with our free financial audit checklist.
Jun 5, 2018 • 43min
How to be a long-distance landlord and a good one at that!
What happens when you put the right systems in place to help you manage properties from a distance? A well-developed business emerges is what happens. There are a ton of great resources you can use to make your life a lot easier as a long-distance property manager. Mike LaCharite joins me to discuss why this venture requires careful consideration of all of its working parts. In this episode, we'll explore some of Mike's best and worst experiences as a long-distance landlord.
May 29, 2018 • 1h 9min
This Is the Ultimate Guide to Multifamily Investing
It's no secret that delving into the multifamily investment space will place your investor bucks in the right places. The secret is placed in understanding the ins and the outs of starting on this path, including the risks involved, effectively vetting the market, and pursuing successful financial structures. This show is sure to help you begin this journey with the mystery lifted. Veena Jetti and Sapan Talati joined me to provide our audience with high-quality information on cap rates, CapEx, and IRRs. They spill their very best tactics for investing in multifamily properties. They share their process workflow in detail and provide listeners with sure-fire knowledge intended to answer some of the industry's most asked questions. Make sure to subscribe to get our free templates!
May 15, 2018 • 48min
This Is Why You Should Manage Personal Finances Like a Business
Do you know why you should manage your personal finances like a business? If you're listening to this podcast, you are more than likely very in tune with your finances. Or, perhaps, you may just be beginning to understand how important they are. Whatever your journey, people like Eric Rosenberg make the process easier to understand. Your confidence level in running your personal finances like a business will skyrocket before you know it! And the "why you should" will make sense more than ever. Take control of your finances with our free financial audit checklist.
May 8, 2018 • 49min
Marriage and Money Dates: How to Improve Your Finance Drive
Bust out your spreadsheets and go on a money date! Money dates are a "fun and relaxed" way to connect with your partner on your finances and an opportunity to revisit what you both are working towards as a unit. Elle Martinez and I cover what it means to go on a money date. She gives fantastic advice in this episode, so be sure to open your mind (and your relationship) to the information she shares. Take control of your finances with our free financial audit checklist.
May 1, 2018 • 41min
This is What It's Like to Be a Short-Term Rental Landlord
We discuss exactly what physicians need to do to run a successful short-term rental that will almost guarantee you more money in your pocket! Dr. Dave Draghinas joins me to discuss this side-gig of his in detail. Being a short-term rental landlord has many benefits and it has this money nerd all sorts of excited. Make sure to subscribe to get our free templates!
Apr 24, 2018 • 33min
Curbside Consult – April 2018
Physician term insurance and disability insurance are important topics for our audience-- important enough that I decided to have a lingering dialogue about it following our last episode for this Curbside Consult. We continue the conversation with Larry Keller. This time to answer questions polled by my Facebook groups, Physician Finance and Financial Residency, regarding term, disability, and supplemental insurance for physicians. Questions answered in this Curbside Consult include: 1. How much term insurance do physicians actually need? 2. What are the age factors for a policy term length? 3. Do supplemental plans transfer with an employer? 4. What are the definitions of disability and what is an expected loss of income as a result? 5. What should I expect from switching policies between employers? 6. What is considered disabled and what would be the resulting payouts? 7. What is an elimination period and how does it affect premiums? 8. Does short-term disability cover a 90-day elimination period? 9. Is it better to obtain disability insurance prior to a pregnancy? 10. What should residents look for in terms of the type of policy they need? Make sure to subscribe to get our free templates!
