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
Oct 30, 2017 • 29min
Why You Need to Have Joint Accounts
Recorded live from the Ally booth at FinCon 2017 in Dallas! We discuss the pros and cons of combining your bank accounts, budgeting and our views on how student debt will affect your view on your finances. There are many different ways to become a master of your family's finances. Catherine Alford and I go behind the scenes a bit to see how her family manages their finances and where her philosophy and my philosophy around budgeting differ. From savings buckets, to cash flow systems to combining your financial life with high 6 figure debt, we cover it all. Make sure to subscribe to get our free templates!
Oct 23, 2017 • 1h 2min
The Answer to Your Student Loan Problem
With the average debt of graduating med students surpassing $180k, it is becoming more important than ever to have a solid game plan. Travis Hornsby joins me to tell us all about student loan debt and offers critical advice on how to manage it. Every situation is unique and depends on your life goals, but no matter what, he assures us that you do not need to be ashamed of your debt, and instead you should embrace it with confidence. Jump start your financial residency with these free resources!
Oct 16, 2017 • 42min
How to Find A Financial Planner You Can Actually Trust
Recorded live from the FinCon booth at the XYPN Conference in Dallas, we discuss fee-only advisers and how they provide unbiased advice that is truly in the best interest of their clients. Sadly, only 3% of all financial advisers are fee-only, leaving most advisers out there with interests of their own when it comes to your financial well-being. Tim Baker pulls back the curtain in this episode, exposing the nasty truths on how most planners make money. We will break it all down so you can be prepared the next time you are approached with an adviser with goals of their own. Take control of your finances with our free financial audit checklist.
Oct 9, 2017 • 51min
You Don't Really Have a Financial Plan Until You Do This
Our discussion is one that most people want to avoid having, but nonetheless necessary, what will happen to you and your assets when you die. Chris Burke joins me to examine the four pillars of Estate Planning: Wills, Power of Attorney, Healthcare Directives and Revocable Living Trusts. Whether you are single with no kids or married with a large family, estate planning is something we all need to plan for. Make sure to subscribe to get our free templates!
Sep 30, 2017 • 28min
Make Your First Investment the Right Way
We discuss stocks, bonds, mutual funds and what to look out for when creating your own investment portfolio. Bobby Lee and I also get into 401k's and 403b's and explain why you need to take full advantage of your company match. We will help you to understand some of the basic tools necessary for a healthy retirement. Take control of your finances with our free financial audit checklist.
Sep 30, 2017 • 49min
What You Don't Know About Home Ownership
We will take you on the journey step by step of buying a new home, offering valuable tips along the way. Mindy Jensen is an expert in real estate and was happy to share some of her insight on the process. From physician loans to how to avoid being scammed, we will take you behind the scenes of buying your first home with confidence. Make sure to subscribe to get our free templates!
Sep 28, 2017 • 14min
Introduction to the Financial Residency Podcast
You've spent decades in school, but did not receive a financial education. This podcast is your financial residency - but without the long hours and sleepless nights! In this episode, I share my story and what you can expect from the Financial Residency podcast. Jump start your financial residency with these free resources!
