Wealthy Mom MD Podcast

Who doesn’t want multiple streams of income? We know it’s the key to minimizing anxiety in our lives around money and finding financial empowerment faster. The hurdle most physicians face is the how and why behind creating additional streams of income, and this is what I’ll be walking you through on this episode.   Learn why having multiple streams of income matters, and the truth about all the different ways you can diversify your income as a physician. You’ll hear how physician job security isn’t what it used to be, how to begin shifting your mindset around your money-making ability, and why this will take a leap of faith.    Get full show notes and more information here: https://wealthymommd.com/185

How can you take a break without experiencing a significant loss in your income? Making the switch to locums is an amazing place to start. To get you started finding a side gig that works for you, I’m sitting down with my friend and fellow physician, Dr. Carrie Reynolds, who is a specialist in showcasing the lucrative side work that physicians can undertake.   We're discussing side hustles and showing you how to start thinking beyond your clinical income, and sharing some options available to you. Carrie is sharing why she decided to switch to locums and hasn’t looked back since.   Get full show notes and more information here: https://wealthymommd.com/184

Hope Seidel, MD, is a mom of two young adults, a pediatrician, a certified parenting coach, and a passionate advocate for children’s wellness. In addition to her pediatric practice, she started Parent with Hope in 2020, a private coaching business where she works 1:1 with high-achieving parents to create more connection with their kids, confidence in their parenting, and wellness in their homes.   Discover how a parenting coach changed my life and how Hope Seidel's work could change yours. We're discussing our experiences as parents, our role in parenting our children, and we’re diving deep into discipline, understanding our children’s behavior, and she is sharing her amazing advice for parents who want to show up differently.   Get full show notes and more information here: https://wealthymommd.com/183

If you’re wondering how you can start a new business while already being a full time physician, this is the episode for you. I’m joined by Dr. Zwade Marshall, an anesthesiologist, interventional spine specialist, and founder of Doc2Doc Lending which is an exclusive lending partner for physicians and dentists. Dr. Zwade is here to share his personal story of becoming an entrepreneur and how the right support, plan, and mindset got him there.   We discuss how to have more control over your income, how Doc2Doc Lending can guide you through transitional career points, and how the best businesses are usually birthed from personal experience and need.   Get full show notes and more information here: https://wealthymommd.com/182

When we talk about mindset, we generally talk about intentionally thinking more useful thoughts. However, we aren’t just a walking brain, so it’s time to take the conversation down to the wisdom that lives in our bodies.    Dr. Ali Novitsky does an amazing job of combining thought work with body work. She designs health programs specifically for physicians, giving her clients the tools they need to achieve optimal mental, emotional, and physical health. We’re discussing why bringing in this physical aspect as you work on your mindset will transform the way you think and feel about money.   Get full information and show notes here: https://wealthymommd.com/181

How do you know when you’ve actually reached your goal? Having a concrete number in mind is one of the most useful ways to set goals for your financial freedom. I’m giving you the easiest ways to set yourself up for real success when it comes to identifying and achieving your financial goals.   Discover the value of having measurable goals, whether in relation to income, savings, or anything you want more of in your life. I’m sharing one simple question you can ask yourself to get clear on the actions you need to take in relation to achieving your goals, and how to make prudent decisions around your financial goals.   Get full information and show notes here: https://wealthymommd.com/180

Auditing your goals gives you a timely reminder of what you wanted to create, why you wanted to pursue your goals, and also shows you that there’s plenty of time left in 2023 to make sure you complete everything you set out to do!   Tune in this week to audit your progress so far in 2023 and decide what you can achieve over the remainder of the year. I’m sharing my five-step process for auditing your goals, showing you why it’s never too late to start setting goals, and giving you the advice you need to start deciding on exactly what you want to achieve in the closing stages of this year.   Get full information and show notes here: https://wealthymommd.com/179

I've spoken before about the types of insurance you need to protect your money. This week, I've got my agent for life and disability insurance, Larry Keller, on the show to discuss the nuances of insurance and why you need it right now, especially if you plan on having children.   Discover everything you need to know about getting properly covered. We’re discussing why even people who aren’t working need life insurance, and why disability insurance is super important for entrepreneurs.   Get full information and show notes here: https://wealthymommd.com/178

How can you use your money to set your kids up for the future? If you’re looking for a simple way to save for or invest in your child’s future, I’ve got you covered in today’s episode. I’ve created a relatively easy system around saving for my son’s college, and I’m sharing my tips with you today.   Discover four ways you can start saving for your child’s future. I’m discussing your best options for saving money on taxes, helping your money grow, and giving you all the considerations we need to make when we’re investing and saving for our kids.   Get full information and show notes here: https://wealthymommd.com/177

Dr. Jimmy Turner is the Chief Medical Officer and co-founder of Attend: a financial platform built by physicians, for physicians. Jimmy is also a practicing academic anesthesiologist, author of The Physician Philosopher’s Guide to Personal Finance, and host of the Money Meets Medicine Podcast. He’s made many pivots in his career, and he’s here to challenge the idea that pivoting is somehow bad.   We’re discussing transitioning into entrepreneurship and charging for your services. Plus, Jimmy shares the realities of burning out both as a physician and an entrepreneur, and how he’s pivoted as necessary each time he’s hit the wall.   Get full information and show notes here: https://wealthymommd.com/176