Money Meets Medicine with Dr Jimmy Turner and Dr Lisha Taylor

Should You Die with Zero? Mar 22, 2023

We’re pleased to be discussing the book Die With Zero by Bill Perkins. Bill isn’t a financial advisor (a plus if you ask us), but he offers a lot of insight and perspective on personal finance and financial independence that got us thinking about our approaches to money in a new way.

It’s especially applicable to us as doctors. On one end of the spectrum, we have the doctors who are in a race to reach financial independence and rarely take time to stop and smell the roses. On the other end of the spectrum, we have those who spent years delaying gratification to get through medical training who are living in full YOLO mode without enough planning for the future.

Die With Zero is an interesting book because it bridges these two ends of the spectrum.

Set for Life Insurance → www.setforlifeinsurance.com

Looking to increase your financial literacy? Check out Medical Degree Financial University → MDFU.Co

Show Me the Money (in the Financial Industry) Mar 15, 2023

The personal finance industry is meant to help you manage your assets, but particularly for doctors, many questions remain around what that kind of support actually means.

Does your financial advisor have your best interest at heart? Do you know how they get paid? Are they transparent in their disclosures about how their company actually works? Where are the conflicts of interest?

Because you can rest assured there are conflicts of interest. It’s just a matter of how they show up. And once you can say “Show me the money” and find them, that’s when you can make intentional, informed decisions regarding your personal finance.

Set for Life Insurance → www.setforlifeinsurance.com

Looking to increase your financial literacy? Check out Medical Degree Financial University → MDFU.Co

Charitable Giving for Physicians Mar 08, 2023

Does tithing or charitable giving play a part in your personal finances? Should it? As usual, we’re not shying away from taking a deep dive into a very personal topic. Personal finance is personal, maybe never more so than when it comes to deciding how you want to give back.

In tackling this topic, we wanted to acknowledge the two main reasons you may be considering your options for charitable giving, especially as a high-earning physician.

One is that you may have religious convictions that make you feel more inclined to give. Even if you don’t hold to the same belief system that we do – specifically around tithing and the historical background of that concept – giving to your community is very valuable. Not just for the recipient, but for you, the giver.

This leads us into reason two, which is that giving money (or other valuable resources) and helping others has been shown to increase long-term satisfaction and fulfillment in your life.

There’s also a practical side of financial charitable giving to consider, which are the tax advantages you can use to create the most bang for your buck - literally.

Looking for physician specific disability insurance → Check out www.setforlifeinsurance.com

Looking to increase your financial literacy? Check out Medical Degree Financial University → thephysicianphilosopher.com/MDFU

Making the Most of Your Paycheck Mar 01, 2023

You’ve done it - your training is complete and now you’re finally getting a paycheck fit for an attending physician. You think, “I’ve arrived! I’m going to start making so much more money.”

Famous last words. If you’re not prepared, that is.

Seemingly unassuming, everyday expenses still have the potential to wreck your new paycheck and your budget. I’ve seen it many times over the years: you try to be careful, but you (understandably) want to enjoy your hard-earned money. Costs creep up on you, things snowball. Suddenly, your post-tax paycheck is no different than it was in residency.

You thought you knew how to spend money wisely, but now you wonder, “What was the point of all my hard work to get here?”

Don’t worry. You can still enjoy the money you make while being aware of five main money traps that a high-income earner like you could be susceptible to if you’re not paying attention.

Looking for physician specific disability insurance → Check out www.setforlifeinsurance.com

Looking to increase your financial literacy? Check out Medical Degree Financial University → www.MDFU.co

7 Ways to Avoid Early Retirement Tax Feb 22, 2023

Advocates of FIRE (Financial Independence Retire Early) often talk about the end result of using their model: freedom with your time, money, and resources. And far be it from me to argue with those concepts. I am not anti-FIRE – after all, I want you to find financial freedom so you can practice medicine because you want to and not because you have to.

However, what we’ve found is that FIRE proponents don’t often talk about the actual path to financial freedom – the how of it all, and what it actually looks like once you reach your early retirement goal.

Specifically, how do you even access your retirement funds ahead of time? Because there’s a 10% tax penalty for early retirement withdrawal before you reach age 59 and a half. And that’s on top of the amount you’re already set to be taxed for using pre-tax funds.

So… what gives?

If you want to retire by age 45 or 50, you have to know how to bridge that 10% gap. So we’ve compiled several different options you can research (because personal finance is personal) and make educated choices towards your own early retirement goals.

Looking for physician specific disability insurance → Check out www.setforlifeinsurance.com

Looking to increase your financial literacy? Check out Medical Degree Financial University → www.MDFU.co

How Doctors Can Get the Best Financial Advice Feb 15, 2023

If you’ve thought about getting financial advice from a professional but weren’t sure who to trust or how to start, you’re not alone – and your concerns are not unfounded.

Our aim isn’t to make every doctor in our listenership into a financial guru, but to avoid being so reliant on a financial advisor that you don’t know what’s going on with your money.

When it comes to finding a truly helpful financial advisor for doctors, certain criteria need to be met that might not need to be taken into consideration in other professions. To that end, I have a list of traits to share called The Four Fs, and it’s been really impactful in helping physicians find a financial advisor that makes sense for them.

Looking for physician specific disability insurance → Check out www.setforlifeinsurance.com

Looking to increase your financial literacy? Check out Medical Degree Financial University → www.MDFU.co

Academics versus Private Practice in Medicine Feb 08, 2023

Looking for physician specific disability insurance → Check out www.setforlifeinsurance.com

Looking to increase your financial literacy? Check out Medical Degree Financial University → www.MDFU.com

Teaching Doctors About Money Feb 01, 2023

Because of Lisha and my personal journey with personal finance, I know that there are medical professionals out there who want to provide personal finance lectures to others around them or maybe even create a personal finance curriculum if they are in academics. So if you are that resident or doctor interested in creating a personal finance curriculum for doctors or maybe just teaching friends and family about money, today’s episode is for you. Today we are going to be talking about how you can start teaching other doctors and medical professionals about money.

Looking for own-occcupation disability insurance check out → setforlifeinsurance.com

Looking to increase your financial literacy? Check out Medical Degree Financial University → thephysicianphilosopher.com/MDFU

The Benefits of a Roth IRA for Doctors Jan 25, 2023

Everyone has heard of a backdoor Roth IRA, but what’s the big deal with Roth IRA’s anyway? Today, Dr. Lisha Taylor and I are going to be talking about Roth IRA money for physicians. This is an important topic because doctors often need to use any tax-advantaged space they can get their hands on since we normally have a high savings rate. So join us today to learn what a Roth IRA is and why you should seriously consider one as a physician.

Looking for own-occcupation disability insurance check out → setforlifeinsurance.com

Looking to increase your financial literacy? Check out Medical Degree Financial University → https://MDFU.co

How Doctors Can Reduce Taxes Jan 18, 2023

You might be looking for tax loopholes for doctors as we enter everyone’s favorite time of year. The truth is there are tips and tricks that you likely are not taking advantage of as a doctor that will help you reduce your taxes. In this episode, we will give you the top things you can do now (and for the future) to save money on your taxes as a doctor.

Looking for own-occcupation disability insurance check out → setforlifeinsurance.com

Looking to increase your financial literacy? Check out Medical Degree Financial University → thephysicianphilosopher.com/MDFU

How much money should doctors save? Jan 11, 2023

One thing we can agree on about today’s topic is this: doctors historically are under-savers.

But when it comes to physician money management, exactly how much doctors should be saving is hotly contested. How much and how you save is going to depend on your own financial goals and your current situation - the status of your student loans, whether you’re married or have kids or plan to start a family when you want to retire, etc.

In this episode, we’ll give you two different options for figuring out how much money you should save - regardless of your situation.

Looking for own-occcupation disability insurance check out → setforlifeinsurance.com

Personal Finance Resolutions for the New Year Jan 04, 2023

Doc, are you thinking about making some New Year’s resolutions that involve your personal finances? Hopefully that is a loud YES. Well, today on the podcast we are talking all about financial goals for the New Year that you likely have as a physician. Goals like how to create an emergency fund, save more money, increase your financial literacy, income, pay off student loans, and more. We are diving all in, so join us so you can make 2023 your best financial year yet.

Looking to increase your financial literacy this year even more? Check out Medical Degree Financial University → thephysicianphilosopher.com/MDFU

Money Mistakes Doctors Make Dec 28, 2022

Let’s be honest… we all love learning from other people’s financial mistakes. It is like a slow-motion car accident. You just can’t take your eyes away. Money mistakes are going to happen, and we are going to discuss a few common financial mistakes that doctors make.

Come join Lisha and I as we discuss our share of financial mistakes, and some of them are very common and might resonate with you on episode 98 of Money Meets Medicine.

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Chris Voss Book - Never Split The Difference (affiliate link)

Student Loan Changes (Everything Doctors Need to Know) Dec 12, 2022

With all the recent changes surrounding student loans, it’s easy to fall out of the loop. If you’re not up-to-date on public service loan forgiveness (PSLF) and other rule changes related to repayment of your medical school loans, you’ll want to tune into our conversation.

We’re answering this question from a Money Meets Medicine listener:

“Once I refinance my student loans, how can I get student loan forgiveness if I change my mind?”

You’ll hear what we have to say about that.

Other questions answered:

What are the new PSLF requirements and when do they take effect?
I missed the waiver that expired in October 2022. Am I really out of luck?
I submitted my PSLF form, but still haven’t heard back yet. When will my payments be updated?
Can I get the $10,000 forgiveness and get PSLF?
Did the Biden administration make a change to the student loan forgiveness plan that excludes some borrowers from relief?
When should I consider refinancing my student loans?

Looking to increase your financial literacy? Check out Medical Degree Financial University → www.thephysicianphilosopher.com/MDFU

Should I use my HSA or FSA? Nov 30, 2022

As we head into the final months of the year, which is typically the time of year for open enrollment for benefits, lots of benefit questions inevitably arise - particularly in regards to spending accounts like HSA vs FSA.

What’s the difference between an HSA and a FSA?
What are the potential benefits of using these accounts?
Which type should you use - or should you use both?

We’re tackling these questions and more for physicians who want to make sense of their employee benefits in order to better understand their impact.

Looking to increase your financial literacy? Check out Medical Degree Financial University → thephysicianphilosopher.com/MDFU

5 things about retirement accounts every doctor should know Nov 16, 2022

“I don't understand the different retirement funds… I don't even really know what a fund is. I know I need to be investing, but I could use some guidance doing it.”

Sound like you? Trust us, we get it. When you’re a busy doctor, retirement fund lingo-translating feels like taking on another job. And nobody has time for that.

Retirement funds are one of the biggest points of financial confusion for doctors. We want to provide some clarity and understanding so you can learn what you need to know to start making your money grow.

Listen in as we cover five things about retirement accounts every doctor should know.

https://thephysicianphilosopher.com/pfs

Looking to increase your financial literacy? Check out Medical Degree Financial University → thephysicianphilosopher.com/MDFU

The Opportunity Cost of Emergency Funds for Doctors Jun 01, 2022

The purpose of emergency funds is to be separate, accessible, and available when you need.

But is an emergency fund really just a huge opportunity cost for most doctors?

Join Dr.Lisha and I as we dive into everything you need to know on emergency funds.

PS - if you want to increase your financial literacy in order to get to financial independence faster, then make sure to sign up for the 2-Day Financial Freedom Workshop for Physicians that I’ll be running on June 14th and June 16th.

You can register for the event and download your Financial Freedom Toolkit PDF by going to www.thephysicianphilosopher.com/workshop

The Opportunity Cost of Emergency Funds for Doctors Jun 01, 2022

The purpose of emergency funds is to be separate, accessible, and available when you need.

But is an emergency fund really just a huge opportunity cost for most doctors?

Join Dr.Lisha and I as we dive into everything you need to know on emergency funds.

PS - if you want to increase your financial literacy in order to get to financial independence faster, then make sure to sign up for the 2-Day Financial Freedom Workshop for Physicians that I’ll be running on June 14th and June 16th.

You can register for the event and download your Financial Freedom Toolkit PDF by going to www.thephysicianphilosopher.com/workshop

Bonds, I Bonds. Is it Worth the Hype? May 18, 2022

Unless you have been living under a financial rock, you have probably heard about investing in I Bonds. It seems to be all the rage right now, but is it really worth it? Today on the podcast we are going to give you everything you need to know about I Bonds (the pros, cons, how to know if I Bonds are right for you, and when you should get an I Bond).

If you are looking to learn more about your personal finance, Medical Degree Financial University (MDFU) is opening up in June and we would love to see you there! Go to https://thephysicianphilosopher.com/mdfu-founder to learn more and join the waitlist!

Hard Decisions on MMM Oct 06, 2021

Have you ever felt like things are getting really heavy? And that you need to make a change? That is what we are going to do today on the show today. We are going to pull back the curtain and talk about things that have been going on in our lives. Often people don’t think about the lives of the people behind the YouTube videos or podcasts like this one, Money Meets Medicine. So today we are going to dive in and talk about hard decisions on this podcast Money Meets Medicine. Join us as we explore why resting in your personal and financial lives is essential for healthy success.

For doctors, the story has changed. Visit www.financialresidency.com/LocumStory to see if a locum tenens assignment is right for you.

Do you know what can be an annoying process? Having to listen to ads in order to listen to podcasts. Do you know what’s not an annoying process? Working locum tenens with Weatherby healthcare. Our experts streamline everything from credentialing to housing with industry-leading technology and know-how so you can simply focus on what you love – practicing medicine. Head to www.financialresidency.com/weatherby to get started, and feel free to keep your favorite podcast on while you’re at it.

Personal Finance Masochism & Physician Self-Compassion Sep 29, 2021

Have you ever felt the tension between needing to save more money (or pay down debt) and the human need to enjoy today? There is a phenomenon that happens in both coaching and personal finance, people learn the tools and then use the tools against themselves. So today we are discussing why you should make that big purchase you have been depriving yourself of and how to make sure you do it in a financially smart way. Listen along today as we talk about that Porsche 981 Cayman S, house, and expensive vacation you want and how to get it. Learn how you can save for tomorrow while you also enjoying today.

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Do Doctors Really Need Emergency Funds? Sep 22, 2021

Physician turnover is high, specifically after the first 2-5 years of training. With doctors changing jobs so often, it is important to establish an emergency fund early on (and to consider the cost of leaving a job in medicine). So today we wanted to dive into why everyone, including us, says you need an emergency fund, where you should put that money, what to use it for, and what NOT to use it for. We are also going to do some real talk on doing the math BEFORE you decide to either change jobs or leave medicine altogether. Listen today so you know you are making the right decisions for yourself when it comes to your career and money.

For more locum tenens information, www.doctorpodcastnetwork.com/locumstory is your final destination.

What Chess and Personal Finance Have in Common Sep 15, 2021

Our brains are not wired to think exponentially. They are wired to think linearly. Maybe this explains why so many doctors, well people in general, don't invest early enough and take advantage of one of our favorite tools- compound interest. We like to believe that compound interest is the eighth wonder of the world. So on today's episode of Money Meets Medicine, we want to explain the magic of compound interest and show you how exponential growth is going to blow your mind. Join us today and hear why the impact of compounding is massive.

This week's episode is sponsored by Deputy. To learn more about Deputy visit: doctorpodcastnetwork.com/deputy

To join the Passive Real Estate Academy waitlist - and be eligible to save $200 off the course - click here --> https://thephysicianphilosopher.com/PREA

Solo 401Ks and Saving Taxes on 1099 Income Sep 08, 2021

As a physician, our goal is to help you make your money work for you. Help you get the things in life that you want. Pay down debt, spend on things you love, and... learn how to make more money from your money. One of the ways to do this is to save money. Today on Money Meets Medicine we are going to deep dive into how you, as a high-earning physician, can save money on taxes utilizing 1099 income. It is possible and remember, every penny you save on your taxes is a penny you put somewhere else that will benefit you either now or in the future.

Deputy is a simple app that’s helped more than 250,000 workplaces tackle this problem. Deputy makes it easy to schedule staff in line with patient demand, communicate schedules with your team, and instantly find replacements when someone calls out sick. To learn more — and try Deputy out for free — go to www.doctorpodcastnetwork.com/deputy To join the Passive Real Estate Academy waitlist - and be eligible to save $200 off the course - click here --> https://thephysicianphilosopher.com/PREA

Part 2: Must-Do Financial Checklists for Doctors Sep 01, 2021

Last week on the podcast we started the ultimate financial checklist of must-dos for doctors. This is such an important topic and we didn't want to leave you hanging last week without the complete list. So this week we are picking up where we left off. Take out your notes and finish marking down the things you must do for your financial health as a doctor. Let's go. Reminder! This is the LAST CALL in 2021 for the Alpha Coaching Experience. Doors close 9/1/21 at midnight. So, if you are a physician who feels trapped in medicine, and you want to finally practice medicine on your terms... this is the last chance. Click here to learn more about ACE --> thephysicianphilosopher.com/alpha.

Reach out to Veena and her team at Vive Funds to find out how you can be a successful investor too by creating opportunities for you to build your portfolio. You can find them at doctorpodcastnetwork.com/vivefunds

Must-Do Financial Checklists for Doctors Aug 25, 2021

Making sure you set yourself up for financial success is one of the reasons we bring you this podcast every week. So we have come up with the Financial Checklist for Doctors that will help you position yourself for success when it comes to your personal finances. If you have been wondering if you are checking the right boxes and doing the "right" things with your money then this episode is for you. Join us today to find out which boxes you need to check as a doctor when it comes to your personal finances and learn which ones you can skip. Don't forget to sign up for the FREE LIVE upcoming masterclass, “How Doctors Can Stop Feeling Trapped in Medicine: 3 Tools to Help Physicians Finally Practice Medicine on Their Terms”. If you are a physician who wants to learn how to find the personal and financial freedom to practice medicine on your terms, make sure to save your seat at thephysicianphilosopher.com/masterclass.

WTD with Whole Life Insurance for Physicians Aug 18, 2021

Odds are you have been pitched Whole Life Insurance and have no idea if it's a good idea or a bad idea. Since it is so common for a physician to get this pitch, we thought it would be good to discuss on the podcast so we could help you through what Whole Life Insurance even is, where the conflicts of interest are, the different life insurance options, and what to do if you have already purchased it and want out. We know they don't teach this stuff in medical school, so listen today to find out exactly what the deal with Whole Life Insurance really is. I wanted to invite you to sign up for a FREE LIVE masterclass called “How Doctors Can Stop Feeling Trapped in Medicine: 3 Tools to Help Physicians Finally Practice Medicine on Their Terms.” During this live masterclass, we will dive into what coaching is and how we help clients inside the Alpha Coaching Experience master their money and mindset so that they can practice medicine because they want to and not because they have to. www.thephysicianphilosopher.com/waitlist

Have you ever considered a different way of practicing medicine? Whether you are burned out, need a change of pace, or are looking to supplement your income, locum tenens might be the solution for you. Not sure where to start? Locumstory.com is the place where you can get real, unbiased answers to your questions. They answer basic questions like, “What is locum tenens?”, to more complex questions about pay ranges, taxes, various specialties, and how locum tenens can work for you. Go to locumstory.com OR doctorpodcastnetwork.com/locumstory and get the answers.

Free Steak Dinners & Physician Financial Mistakes Aug 11, 2021

We don't want you getting free steak dinners, but making horrible decisions for your long-term investments. There is a lot of misinformation out there for physicians when it comes to personal finances. We don't want you to make the mistakes that most physicians do simply because you didn't know any better. So today on the podcast we are going to talk all about the mistakes that many doctors make, and how there is always a way out (you didn't think we would leave you helpless, did you?). And if you are ready to experience freedom from medicine so you can practice because you want to and not because you financially have to, then make sure to join the waitlist for the Alpha Coaching Experience. www.thephysicianphilosopher.com/waitlist This episode is sponsored by Physician Coaching Alliance. Reach Dr. Weisman at www.doctorpodcastnetwork.com/PhysicianCoachingAlliance

The Most Important Numbers in Physician Finance Aug 04, 2021

The personal finance space is full of rules. Things you should be doing with your money and things you should stop doing with your money. Certain numbers you should be aiming for at specific points in your life. But do you really need to follow every single money rule out there when it comes to personal finance? That is the question we are addressing today on Money Meets Medicine. Which personal finance rules and numbers are most important and which ones might not matter at all. This week's sponsor is Advice Media. You can find them at www.doctorpodcastnetwork.com/advicemedia

You Are Worth the Investment Jul 28, 2021

People often think about money as the end goal. The reason they work, save, and make decisions in life revolve around this idea that they are striving to meet a money goal. But today we are going to flip the script on this mindset around money. Instead of thinking of money as the goal, we are going to look at money as a tool. In today's episode, we are going to dig into why we argue that investing money in non-traditional ways (aka spending it) is an important part of your money mindset. This week's sponsor is CareCloud. Reach them at www.doctorpodcastnetwork.com/carecloud

Why Doctors Should Spend Money Jul 21, 2021

Everyone in the personal finance space loves to tell you how you should save money. That's great, but what about spending it? That is exactly what we want to dive into today on the show. Ways to spend money that make sense we have talked about before include spending to get your time back, vacations, and spending on others (gifts, holidays). But today we want to encourage you to spend lavishly on your on things you love. Yes, as money gurus we are going to talk to you about spending lavishly (and smartly of course). So let's go.

One last thing before we go, remember Advice Media? Don’t forget to check them out if you’re looking to improve your website or need strategic insight on what your current online presence is doing (or not doing) for you. Contact Advice Media at www.doctorpodcastnetwork.com/advicemedia

These 5 People Determine A Physician's Financial Success Jul 14, 2021

You might think that the only person that influences your financial success in the short term and the long term is you. The truth is you can have little to do with how successful you are in planning out your finances and investing. This is because there are certain people in your life that influence what decisions you make and how. These people ultimately determine your success. Today, find out who the exact five people in your life are that might be supporting or derailing your success and what to do about it. And find out if you are in someone else's top five.

One last thing before we go, remember Advice Media? Don’t forget to check them out if you’re looking to improve your website or need strategic insight on what your current online presence is doing (or not doing) for you. Contact Advice Media at www.doctorpodcastnetwork.com/advicemedia

Should Physicians Save for Retirement or Help Their Family? Jul 07, 2021

Life is complicated. Sometimes it might seem like people think you don't invest because you are living in the now, but we know that is not usually the case. Instead, you are trying to make real-life, tough decisions like should you save for your kids' college or your own retirement? What if you need to help out your aging parents? How do you still make the best financial decisions for now and your future? In today's episode of Money Meets Medicine, we talk about a few different scenarios that life may present you when it comes to your finances and how to best position yourself if you ever have to make a choice.

Dr. Errin Weisman is passionate about creating sustainable careers for women and fundamentally changing the toxic culture of healthcare one woman at a time. Check out her podcast Doctor Me First at https://www.doctormefirst.com

The Top Financial Rules for Residents and Fellows Jun 30, 2021

We recently shared our top financial rules for success and our listeners wanted more. Specifically, our listeners that are current residents wanted to understand exactly what they should be doing and taking care of before graduating from training. So that is exactly what we wanted to share. In today's episode, we will explain why you don't have to wait to get your finances in order, what you should be taking care of while in training, and how working on these important foundational items will set you up for early financial success as a practicing physician.

Have you ever considered a different way of practicing medicine? Whether you are burned out, need a change of pace, or are looking to supplement your income, locum tenens might be the solution for you. Not sure where to start? Locumstory.com is the place where you can get real, unbiased answers to your questions. They answer basic questions like, “What is locum tenens?”, to more complex questions about pay ranges, taxes, various specialties, and how locum tenens can work for you. Go to locumstory.com OR doctorpodcastnetwork.com/locumstory and get the answers.

Should You Use Target Date Funds? Jun 23, 2021

There are so many different investment strategies when it comes to how to reach financial independence. One of those strategies we talk about often are the different types of Target Date Funds. But, you might be thinking how do you know if you should use Target Date Funds? Today we will get into the details of the good, the bad, and the ugly when it comes to using Target Date Funds so you can determine whether this is a strategy that fits your needs or not. Let's jump in a figure out how to best utilize Target Date Funds in your investment plan.

Don’t forget to visit www.locumstory.com or doctorpodcastnetwork.com/locumstory to get real, unbiased answers to all your locum tenens questions.

WTD When Your Spouse Isn't Interested in Money Jun 16, 2021

You are becoming a financial guru. You have put in the work to understand your finances and all of the options you have available to you, congratulations! But there is one thing you can't seem to figure out - how to get your spouse interested in financial strategies. Together you discuss the future and what your money will be able to do for you, but your spouse just doesn't care about the details. In today's episode learn simple strategies you can use to help your spouse get on the same financial planning page as you, and how to create a step-by-step plan for your spouse if something were to happen to you.

Before we get into the show, here’s a quick message from MR Insurance – a small business that helps physicians with their disability insurance needs. Michael L. Relvas, is a CFP professional and insurance agent committed to helping physicians nationwide with their term life and disability insurance needs. He provides an objective, transparent and education-focused process that aims to help physicians make prudent decisions and avoid over-complicating things. He exclusively offers Own-Occupation disability insurance policies for residents, fellows, and attending physicians. We know he’d be happy to help you with whatever your needs are. You can find Michael at www.doctorpodcastnetwork.com/mrinsurance or contact him at 800-817-4522.

How Financial Independence Retire Early Can Burn You Jun 09, 2021

Money isn't everything, but money is a tool that allows you to live life however you want. However, too many people think that getting to financial independence means you have to chase it while you're young. In today's episode, you might be surprised to hear why we don't recommend this and what you should be doing (and when) to reach financial independence... while enjoying your life.

It’s not a secret that doctors have a hard time creating a professional looking digital presence. Having a dynamic website, ranking in Google, or growing your volume of patient reviews are not easy tasks. We’re too busy to figure it out on our own! Advice Media has been around for over 20 years and works with physicians to create a more brandable online image. Attract more patients, generate more calls and emails, enhance brand awareness, protect your online reputation, and more by contacting Advice Media today. Three in five will choose one provider over another because of a strong online presence. If that’s the case, what is your online presence saying about you? Don’t delay getting an experienced team to help improve your digital presence, go to www.doctorpodcastnetwork.com/advicemedia That’s www.doctorpodcastnetwork.com/advicemedia

Dangerous Money Thoughts Jun 02, 2021

What if the only thing holding you back from financial freedom was your mindset? When it comes to your money mindset there are two main schools of thought - the Scarcity Mentality and the Abundance Mentality. There are some dangerous, limiting money mindsets that can come from a place of scarcity. What could happen if you traded these thoughts out for ones of abundance instead? Start practicing medicine because you want to and not because you have to. Learn exactly how in the upcoming free masterclass, The 3 Pillars to Physician Freedom Masterclass. Sign up for the free masterclass at thephysicianphilosopher.com/ThreePillars.

Panacea Financial provides banking for doctors, because it was founded by doctors. They have nationwide loan, checking and savings options designed specifically for doctors and doctors-in-training. Their specialized suite of financial products give medical students, residents, and practicing physicians greater freedom to forge their futures... and at affordable rates! By reducing financial barriers and burdens, Panacea Financial ensures that all doctors have increased capacity to serve their patients and the population at large. Do you need a good home for your banking needs? Go to panaceafinancial.com to get started! Panacea Financial is a division of Primis, Member FDIC

What to do With Physician Side Gig Income May 26, 2021

Doctors are talking more and more about side gig income outside of their typical W-2. This income can be great on your path toward financial freedom, or it can be fraught with mistakes. So, why would a busy doctor pursue income outside of medicine when they can just work extra shifts? Find out why on today's episode where we dig into the benefits of side gig income, what to do with it, and what to look out for. Join us. Don't miss the upcoming free masterclass, The 3 Pillars to Physician Freedom. You will learn how you can practice because you want to and not because you have to. Sign up for the free masterclass at www.thephysicianphilosopher.com/ThreePillars

You want to work with an insurance agent that is well versed in the underwriting of both disability and life insurance policies for physicians? Then contact Larry Keller at www.doctorpodcastnetwork.com/larrykeller

This is What Made Warren Buffet Rich May 19, 2021

Let's face it, there will never be another Warren Buffett ever again. But there are certain things you can do to start building your wealth like Warren. The sooner you can start taking action on this advice will better your long-term financial wealth! Do you need a bank that specializes in giving medical students, residents, and practicing physicians great financial freedom? Then go to panaceafinancial.com to get started. Panacea Financial is a division of Primis, Member FDIC.

The Dangers of the Monthly Payment Mindset May 12, 2021

Money is a tool that helps us live the life we want, or keep us trapped in a lifestyle that we can't afford. One of the easiest ways to fall into this lifestyle trap is by thinking in terms of monthly payments. Ryan and Jimmy are here to remind you that if you think you can afford something through monthly payments, then you really can't afford it. If you need an objective, transparent, and education-focused process to figure out your disability insurance needs, then you need to talk with Michael Relvas. To get in touch with Michael head to www.doctorpodcastnetwork.com/mrinsurance

This is When the Market is Going to Crash May 05, 2021

No one knows when a market crash is going to happen. It could be as soon as you listen to this podcast episode, or it could be 10 years down the road. This causes people to panic at the slightest sign of a downturn. That's why Ryan and Jimmy are here to make sure you feel prepared to weather any financial crisis. Do you want to achieve the financial freedom you need to practice medicine however you want? Join Jimmy for a live FREE 2-day bootcamp. No sales pitch. Just tons of value.

Click here--> www.thephysicianphilosopher.com/bootcamp Dr. Errin Weisman is passionate about creating sustainable careers for women and fundamentally changing the toxic culture of healthcare one woman at a time. Check out her podcast Doctor Me First at https://www.doctormefirst.com

Mistakes Doctors Make When Switching Jobs Apr 28, 2021

Most doctors switch employers within 2-5 years of starting their first job because of burnout, need to be closer to family, or having to work with Jimmy. Considering these changes happen so frequently in the medical field, Ryan and Jimmy want to make sure that if you are considering switching employers, that you avoid these financial mistakes you can make during the transition. Do you want to work with an insurance agent that is well versed in the underwriting of both disability and life insurance policies for physicians? Then contact Larry Keller at www.doctorpodcastnetwork.com/larrykeller

What To Do When the Debt Is Gone Apr 21, 2021

When you finally reach the promised land of being debt-free, the big question you probably have is: What's next? Ryan and Jimmy want to make sure that after you've paid off your debt you have the right mindset and know what to do. Even if you are currently paying down debt, this episode will help you figure out your plan so you can be prepared for when that wonderful debt-free day comes. Do you need quick and simple access to cash and are looking for physician-preferred rates? Then be sure to reach out to Doc2Doc Lending at www.doctorpodcastnetwork.com/doc2doc

Live Your Ideal Life Without The Financial Kick in the Pants Apr 14, 2021

You may call it woo-woo stuff, but both Ryan and Jimmy are huge proponents of life planning when figuring out your financial plans. Savings and Finances are never just about the 1's and 0's, it's about figuring out what makes you happy and what's important in your life helps you get a clearer picture of how to save. Plus you know it's something you should be doing if Ryan and Jimmy both agree it's super important.

The team at Contract Diagnostics is here to help you better understand your contracts and find ways to make them work for you. Reach out today and get the help you need. http://doctorpodcastnetwork.com/contractdiagnostics

Why There Is No Such Thing as a Dream Home Apr 07, 2021

Everyone is allowed to get excited about buying a house. It's a huge achievement! However, Ryan and Jimmy want to make sure you avoid the dream house fallacy, by spending more on a house that you're likely to move out of in a couple of years. It's more important how you spend your time in the house, not what is in the house. Do you need help making a prudent decision about your disability insurance without overcomplicating things? Then reach out to Michael Relvas at www.doctorpodcastnetwork.com/mrinsurance

Get to Financial Independence Sooner with a Physician Side Gig Mar 31, 2021

Ryan and Jimmy discuss important questions you need to consider before jumping into your non-clinical side business. Pursuing non-clinical income is not for every medical professional. Some people are happy with their jobs and lifestyles, and others know that they are not cut out for working as an entrepreneur, and that's okay! Have you been flirting with the idea of branching out into a physician side gig? Then today's show is for you! Do you want to get the most comprehensive coverage from your insurance? Then contact Michael Relvas at www.doctorpodcastnetwork.com/mrinsurance

Should You Take on More Debt or Pay off Debt in a Low Interest Rate Environment? Mar 24, 2021

Ryan and Jimmy go back and forth on the pro's and con's of paying off debt vs investing during a time when interest rates are at historic lows. Like everything in personal finance, your situation may vary, but Ryan talks about how it might even make sense to take out debt because rates are so cheap.

Do you need help understanding and maximizing your contract benefits? Then check out Contract Diagnostics at www.doctorpodcastnetwork.com/contractdiagnostics.

This New Technique is the Best Way to Make Money Mar 17, 2021

This episode is going to make you mad that you didn’t realize this was the one thing you could be doing to make a ton of money. While we talk about FOMO being a bad influence on people’s decision making, maybe this piece of advice will be the exception? As a reminder, all praise for this technique can be sent to ryan@moneymeetsmedicine.com and all hate mail can be sent to jimmy@moneymeetsmedicine.com

Do you want to work with an insurance agent that is well versed in the underwriting of both disability and life insurance policies for physicians? Then contact Larry Keller at www.doctorpodcastnetwork.com/larrykeller

Ryan’s 10 Rules for Healthy and Wealthy Financial Habits Mar 10, 2021

Last week Jimmy shared his 5 rules for healthy financial habits. Not wanting to be out done, Ryan is up this week sharing his top 10 rules for healthy financial habits. And you better believe that Jimmy is taking every chance to heckle Ryan while he can. Are you tired of dealing with headaches like finding and retaining quality billing staff? Get in contact today with MedEvolve today at www.doctorpodcastnetwork.com/medevolve.

Jimmy's 5 Rules for Healthy and Wealthy Financial Habits Mar 03, 2021

Jimmy takes the stage this week to share some of his personal finance rules that he thinks everyone should follow. Don't feel bad for Ryan though, he gets to heckle from the peanut gallery at everything he disagrees with until he shares his rules next week!

Do you need help reviewing your employment contract before you sign? Reach out to Resolve at www.doctorpodcastnetwork.com/resolve to get your review process started today.

The Common Financial Mistakes Ryan Made That You Should Avoid Feb 24, 2021

Last week, Jimmy shared one of his biggest financial mistakes. Now. it's only fair that Ryan shares his this week! Though Ryan isn’t a doctor himself (only married to one!), many of his mistakes can relate back to common mistakes doctors make all the time! If you want to avoid making your finances a raging dumpster fire, then you probably will like this episode.

Do you need an insurance agent that has your best interest at heart? Then get in touch with Michael Relvas at www.doctorpodcastnetwork.com/mrinsurance.

How to avoid the Voldemort of Disability Insurance Feb 17, 2021

As much as they don’t like to admit it, Ryan and Jimmy have made some huge financial mistakes. Jimmy will share the financial mistake he made while in med school that he hopes can be a lesson for everyone listening. Learn from Jimmy’s misstep to understand disability insurance and why you need to do your research! If you are looking to reduce your burnout, improve your satisfaction in life, and create a life you love and deserve, learn more about Jimmy's Alpha Coaching Program by going to www.doctorpodcastnetwork.com/alpha

The Good, The Bad, and The Ugly of Real Estate Investing Feb 10, 2021

It’s hard to resist the sexy, trendy financial investment that everyone wants to get into these days: Real Estate. However, just because it’s popular, doesn’t mean you should go out and buy the first property you see. Explore the highs and lows of real estate investing with Ryan and Jimmy. As a Doctor, you don’t specialize in the intricacies of contracts. If you need a specialist to help you understand and maximize your contract benefits, check out www.doctorpodcastnetwork.com/contractdiagnostics and speak to Jon Appino at Contract Diagnostics.

Do you really trust advice from a stranger? Feb 03, 2021

From crowdsourcing personal finance feedback on social media, to the talking heads on TV giving out "hot stock tips", Ryan and Jimmy caution you to not fall into thinking strangers advice is good advice. There is a reason we keep adding disclaimers to our show: personal finance is personal. Make sure that when you listen to advice online you keep this in mind. Are you tired of spending your evenings catching up on notes and messages instead of using them to connect & recharge? Go to www.doctorpodcastnetwork.com/ontimemd to purchase Phil Boucher's 6-week course "On Time MD" and use Promo Code 2021 to save 15% at checkout.

GameStop and Tesla stock FOMO Jan 28, 2021

Have you heard the news on what’s happening with GameStop, AMC, and Tesla? Tune in to hear all about how Ryan might have lost $30K on the craziness going on RIGHT NOW! Jimmy and Ryan tear into all the latest details on how the hedge funds might have really messed up this time.

Fight physician burnout while learning how to build a non-clinical income through a physician-based side gig with the Alpha Coaching Experience led by Jimmy Turner. Learn more by joining the waitlist at www.thephysicianphilosopher.com/waitlist

The 4% safe withdrawal rate was just tossed out the window Jan 27, 2021

When it comes to retirement, we all have a tendency to focus on the accumulation of wealth, not on how to make it last. Ryan and Jimmy explore ways to save for retirement AND maintain your standard of living. Finding your safe withdrawal rate can help you save and adjust for a more cushy nest-egg. If you need a smarter and more effective way to monitor staff productivity, let MedEvolve help reduce your cost to collect and get paid on time. Find them at www.doctorpodcastnetwork.com/medevolve

Why hitting home runs isn't the best way to generate wealth! Jan 20, 2021

People love talking about the "home runs" they make with their investments. Jimmy and Ryan are here to pull back the curtains on these risky, speculative investments! Instead, you should be focusing on the less "sexy" but safer bets to grow your wealth steadily.

Do you want to fully understand your worth and maximize your full potential with your employers? Then let Resolve help you review your employment contract at www.doctorpodcastnetwork.com/resolve and empower your career today.

How to Create a Passive Real Estate Empire - 2 part series Jan 13, 2021

Do you dread the idea of being a landlord but still want to get into real estate investing? Then this show is for you! Ryan and Jimmy go into how you can have the best of both worlds with passive real estate investing in the second of this 2 part series on how to create your real estate empire. Before we go, just a reminder to reach out to John McCarthy and the team at Physician Tax Advisors before you set out to handle your taxes this year. Taxes are complicated enough so leave it to the professionals. Go to www.financialresidency.com/cpa to get help today.

How to Create an Active Real Estate Empire - 2 part series Jan 06, 2021

Interested in learning more about real estate investing and how you could use it to achieve financial independence? Jimmy and Ryan tackle how to start building your real estate empire both actively and passively in this 2 part series. Learn about diversifying your clinical income, tax benefits and more! Looking for a financial advisor that will help you treat your finances with the same care you treat your patients? Reach out to Ryan, Kayse and the team at Physician Wealth Services by going to www.financialresidency.com/pws

Springboard Your Finances in the New Year Dec 30, 2020

Ryan and Jimmy grinch out a little on financial resolutions, but hey if it gets you motivated, they are here to give you a few ideas for financial resolutions to springboard you into a financially savvy new year!

Principal Financial is getting rid of their unisex discount at the end of 2020, so women physicians are looking at an increase in their rates. Pattern Insurance can help! Request your free quote today and save up to 50% here: www.physicianphilosopher.com/patterninsurance.

How to Teach Your Kids About Money Dec 23, 2020

Ryan and Jimmy go back and forth on their ideas of how to raise financially savvy kiddos. Get some great tips and tricks from these financially fit dads!

Be confident that you have the right policy at the best price possible with Pattern Disability Insurance! Get your quote today www.physicianphilosopher.com/patterninsurance

How to Make a $24k Backdoor Roth Contribution in a Year Dec 16, 2020

Are you ready to get that backdoor Roth contribution in before the end of the year? Starting high level with what is a backdoor Roth all the way to the nitty gritty, Ryan and I are going to go through what the whole process is all about!

Principal Financial is getting rid of their unisex discount at the end of 2020, so women physicians are looking at an increase in their rates. Pattern Insurance can help! Request your free quote today and save up to 50% here: www.physicianphilosopher.com/patterninsurance.

The Biggest Financial Mistakes You Can Make Dec 09, 2020

We all make mistakes at some point or another, it’s a part of life. However, there are ways to prevent financial mistakes from happening by knowing what to watch out for! In today’s episode we are going to cover the biggest mistakes people make financially and how to correct them.

Be confident that you have the right policy at the best price possible with Pattern Disability Insurance! Get your quote today www.physicianphilosopher.com/patterninsurance

We Are in a Pandemic, Do You Have Your Financial House in Order? Dec 02, 2020

We are in the middle of a pandemic and with many doctors working on the front-lines, it brings up the really important question... Do you have your financial house in order? We are going to cover why you need an estate plan (and no its not just for the wealthy) to help you be prepared for whatever may come your way.

Be confident that you have the right policy at the best price possible with Pattern Disability Insurance! Get your quote today www.physicianphilosopher.com/patterninsurance

Why You Should Buy Whole Life Insurance Nov 25, 2020

Ever feel like your insurance agent doesn't have your best interest at heart when selling you products? Ryan and I are going to give you the non-conflicted version of the Term vs Whole Life debate. We will cover the upsides and downsides to both types of policies.

Have you heard about the Financial Residency medical student scholarship? 10 students in good standing will be getting $5K each from an anonymous foundation that is giving away $50K! Apply here: www.financialresidency.com/scholarship

How to Optimize your Health Savings Account Nov 18, 2020

Have you heard of a HSA? Confused as to what they are and how to use them? Well then, keep listening as Jimmy and I get into the ins and outs of Health Savings Accounts: what they are, what they do and what they are not (spoiler alert these are NOT the same thing as a FSA)!

We are looking for 10 lucky medical students to win a $5000 scholarship from an anonymous foundation giving away $50k to 10 amazing individuals! Head over to www.financialresidency.com/scholarship to learn more!

How to Build a Non-Clinical Business Nov 11, 2020

We talk all the time about achieving financial freedom but have you caught on to the steps for doing that from this show? If you’ve got entrepreneurial bones and you want to achieve a life of your dreams, I’m here to tell you that you absolutely freaking can. Both Ryan and I dig in deep on how to build a business that might not be medically related at all.

Keeping up with the blog? Go to www.thephysicianphilosopher.com for more fun shows with the flip flop guy and me.

How to Get Rich Quick Nov 04, 2020

Delayed gratification, saving vs. spending, spending over saving… all of that happens to impact how you become rich. Or does it? Tune in as Ryan and I discuss why curbing your spending on these “big 5” will help or hurt your chances of becoming a bagillionaire.

Take control of your financial future, find The Physician Philosopher online: www.thephysicianphilosopher.com

5 Scary Things About Money Oct 28, 2020

With Halloween around the corner, let’s think about the scary side of money, shall we? We’ve all made them… bad money decisions. But, “how bad does it get” is the question of the moment. In this episode, Ryan and I talk about the experiences he’s seen his clients go through, debt and all.

The Alpha Coaching Experience is going on sale. Right Now. And it closes on 11/2 at midnight. Sign up here: www.financialresidency.com/tppwebinar

You Probably Built Your Investment Policy Statement Incorrectly Oct 21, 2020

General investment philosophies, anticipated contributions, distribution breakdown… what the heck? If you’re an investor, or in this case, a potential investor ‘cause Ryan and I break down the fundamentals, an INVESTMENT Policy Statement is super important to do correctly. However, not many are building it the right way. Figure out what you could potentially do wrong in this fun, educational-in-nature episode.

The Alpha Group Coaching Experience is going on sale on 10/24 but as part of the launch, I am offering a FREE Group Coaching Call. All you have to do is join the waitlist here: http://www.financialresidency.com/tpp

10 Financial Milestones Worth Celebrating Oct 14, 2020

We all have wins. Whether you celebrate them or not [like Jimmy’s bad golf swing] it’s worth acknowledging you’ve reached certain milestones. This show is all about celebrations. Ryan and I share 10 of our personal stories that have helped us reach higher levels of financial success.

Join the my Alpha Coaching Experience to reduce your burnout and find the balance you deserve: https://www.financialresidency.com/tpp

Pandemic Proof Your Finances Oct 07, 2020

We get it. Unless you’re a psychology or philosophy major, behavioral finance isn’t going to be a sexy topic for you. But the truth is, understanding how you behave with your money is the only thing standing in your way from having a strong, successful relationship with it. Ryan and I talk about this and why educating yo’self makes you da real MVP.

Buy our books:

Ryan’s - www.financialresidency.com/book

Jimmy’s - www.thephysicianphilosopher.com/book

Why It’s OK To Live Like An Attending Sep 30, 2020

Finally realizing your financial literacy woes? Reading the finance books, blogs and listening to the right podcasts?

It feels good to get on the right track for a while, but at some point, you start scrutinizing every dollar you spend.

Have you entered the “live like a resident” echo chamber? Let us show you the way out.

Ways to Take Out Money at Age 59.5 Sep 23, 2020

Have you ever heard that if you invest in a 401K or 403B that you can’t touch that money without a penalty until age 59.5?

Did you also know that’s not true? Stick around to hear about the tips and tricks to avoid getting penalized by the 59.5 rule.

Pearls on How to Manage Your Student Loans Sep 16, 2020

Trump signed an executive order on August 8 continuing the temporary cessation of payments and the waiver of all interest on student loans held by the Department of Education until December 31, 2020. How does this affect the way you manage your student loans? Stick around to find out.

Practice Medicine Because You Want To...Not Because You Have To… Use link to access Medical Degree to Financially Free: https://financialresidency.com/MDFree

How to Talk About Money With Friends and Family Sep 09, 2020

How do you bring up the topic of finances with friends and colleagues in a non-threatening way? I've had limited success in getting them to engage in the conversation or take further action on their finances. I realize that the drive to change your own financial habits (or any habit) has to come from the individual. What tips do you have to get this type of conversation going?

Need an awesome resource to help you finally find the home of your dreams? Neil Surgenor with TD Bank, NA, wants to help! Email him at neil.surgenor@td.com to get in touc

Charitable Giving: Pre-tax, post-tax, or not at all? Sep 02, 2020

Get your biggest bang for your buck during tax time? It happens and can happen for you. See what Ryan and I say to help you give while also getting back.

It seems like everyone is looking to buy a home right now. If that's you, give Neil Surgenor with TD Bank, NA, a shout. He's working on your time. Find him at www.financialresidency.com/tdbank

10 Things You Must Do for Financial Success Aug 26, 2020

Remember those cheat sheets you’d use to summarize all of the facts before your medical school tests? Or maybe you were a flip card or Anki kind of person? Well, that’s what this show is all about. Tag along as we discuss 10 things doctors must do for financial success.

Need disability insurance? We mentioned Larry in the show. Find Larry Keller of Physician Financial Services at thephysicianphilosopher.com/pfs

Should You be Investing in Real Estate or Build a Portfolio in Stocks? Aug 05, 2020

Addressing the pros and cons of real estate vs. stock investing, Ryan and I help you navigate which of the two might make the most sense in the general sense. Since Ryan comes from a line of a real estate moguls, you don't want to miss his insight.

This episode is brought to you by Ryan's fee-only financial planning firm, Physician Wealth Services. Need a community to rally around you as you build your own unique financial plan join his Financial Fellowship paid membership community? Learn more on his FREE webinar tonight/tomorrow. Sign up here: www.financialresidency.com/webinar

Everyone Has a Plan Until They Get Punched in the Mouth Jul 29, 2020

Should I invest or pay off my debt? It is one of the most common questions any personal finance blogger or pod caster gets.

Does the answer change if the market goes into a recession? That’s what we discuss in this episode. Stick around to find out.

This episode's sponsor is Larry Keller with Physician Financial Services. Need an expert to help you decide on insurance? Larry's your guy. Check him out at thephysicianphilosopher.com/pfs

The Top 5 Riders for Disability Insurance Jul 22, 2020

Disability insurance comes with different riders to enhance the contract. Ryan and I address what those riders do for you and also touch on some contract features that may not be riders but do vary from company to company. Check out the show to see what you need to keep in mind as you compare policies. Need disability insurance? Michael Relvas at MR Insurance Consultants is ready to get you started. Find him at http://thephysicianphilosopher.com/mrinsurance

YOLO Versus Saving for Tomorrow Jul 15, 2020

Do you have trouble choosing between spending for today and saving for tomorrow? You’re not the only one. This episode will help you find the balance.

Looking for disability insurance? Give Michael Relvas with MR Insurance Consultants a call. He'll be happy to help lead the way to the right policy for you! https://thephysicianphilosopher.com/mrinsurance

Strategies for Handling Market Corrections Jul 08, 2020

Corrections in the stock market are healthy. Given that a correction happens once every 1.5 years… it is probably worth talking about what we should do about it when it happens.

Does your insurance need a course correction? Reach out to someone we trust to help you protect your hard earned income. Find Michael at https://thephysicianphilosopher.com/mrinsurance

The 457 Plan. A Secret FIRE Weapon? Jul 01, 2020

Many physicians have the option to invest in 457 plans. However, these are some of the most curious (and potentially dangerous) investment plans that exist. If you don’t know what you are doing, there is a good chance you make a bad decision. Love Money Meets Medicine? Tell the wooorld! Nominate the show for a Plutus Award here: www.thephysicianphilosopher.com/nominate Need a fee only fiduciary in your corner to help you make better financial choices? Ryan's firm, Physician Wealth Services, can help. Find them at www.physicianwealthservices.com

Good Help Ain't Cheap When It Comes to Financial Planners Jun 24, 2020

It’s no secret that doctors aren’t the best with their finances. I’d even argue that they’re the smartest people on the planet, but when it comes to their finances, it’s almost comical how much we don’t know. Ryan and I discuss how much you should consider paying for help to build your financial plan, particularly those in the fee only financial planning space.

Need a little help with managing your finances better than you have been? Let Ryan and his team at Physician Wealth Services help you get it together with your financial plan. Reach them at thephysicianphilosopher.com/inman

The 2 Paths to Financial Independence Jun 17, 2020

You may have noticed that there is a great debate in the personal finance world... Index Fund Investing versus passive income. Which one is best? Stick around to find out.

Need a home loan? Let us help you find the right person to help! We know, like, and trust Doug Crouse. Connect with him here: www.dougcrouse.com (816)728-3631 and doug.crouse@bmo.com

For Better or Worse: Getting on the Same Financial Page Jun 10, 2020

It's not an untold secret that spouses and partners are often on divisive ends of their finances. Ryan and I take a few min to talk through how to strengthen that bond so you both can get on the same financial page. Get on the right track with your finances in and out of residency. Join my course (which ends 6/10!) to learn how to better manage your money: www.financialresidency.com/mdfree

Lions & Tigers & Emergency Funds - Oh my! Jun 03, 2020

Ryan and I could tell physicians all day long how important it is to have an emergency fund. But seems like our recent experience of COVID-19 has already demonstrated the real life impact of not having one. Will you get caught without an emergency fund? Let's hope not! Medical Degree to Financially Free is an online course built to teach doctors how to create cash flow, invest efficiently, and obtain financial freedom. Join the course: www.financialresidency.com/mdfree

Why Cash Flow is King, Queen, and Jester May 27, 2020

If you want to reach financial freedom, quicker, better, smarter, then join Jimmy's course, Medical Degree to Financially Free. It's a 5-week curriculum (not too drab) created for doctors who want support in becoming financially free.

Get looped in here: https://financialresidency.com/MDFree

Pre-Tax or Roth, Which Is Better? May 20, 2020

The key differences in pre-tax or Roth accounts for doctors aren't what you would normally hear. Ryan and I talk about what's important for you to know.

Need an expert in physician home loans? Doug Crouse is one of our go to guys. Find him at http://www.financialresidency.com/dc

Craft a "HELL YES" Policy With First Saying No May 13, 2020

During medical school, I've seen our colleagues too often identify with being a doctor as their entire persona. So, when things get rough, stressful, or doesn't go as planned, they tend to find themselves in a crisis. It's important to see the parts of ourselves independently from medicine... I think that starts first starts with a HELL YES! policy. Ryan and I talk about it more. Doug Crouse is a trusted mortgage lender that has helped hundreds of physicians qualify for their first home. Give him a shout if you're looking for an expert to help you on your home buying journey: www.financialresidency.com/dc

Is a Doctor Home Loan Right For You? May 06, 2020

Have you ever thought about buying a home? If you don’t know the difference between a physician home loan, conventional loan, PMI, or what any of this mortgage jargon means and why it matters… listen to this.

Purchasing a home is one of the largest financial decisions your family makes. That’s why we have someone like Doug Crouse in our corner to help our audience navigate through the physician home loan process. See what he can do for you: www.financialresidency.com/dc

Bonds… James Bonds Turner Apr 29, 2020

If you haven’t guessed… today’s show is about bonds. Well, kind of. It is really about whether you need bonds in your portfolio and we also discuss other surrogates you might consider using in your portfolio instead of bonds.

Kaplan Financial is the place to go for objective and experienced financial advice, discounted rates on individual disability insurance, and a long-term commitment of superior service. Check them out to see how they can help you: https://thephysicianphilosopher.com/kaplan

Snowball versus Avalanche versus Snowplow? Apr 22, 2020

There’s a ton of financial advice floating on the interweb, but some of the big-time gurus, like Dave Ramsey, don’t usually tailor their advice to physicians. While Ryan hates on Dave, we both address how to pay down debt the right way.

Also, are you still searching for the right partner for disability insurance? Give Kaplan Financial a call. [They’ll hook you up.]

https://thephysicianphilosopher.com/kaplan

Top 10 Things Doctors Need to Know About Insurance Apr 15, 2020

If the economy were to turn sour is your income protected? How about if you have a diagnosed disability? What do you do to ensure that you still get paid when it’s time to put yourself and your family first?

The point of this show is to make sure you don’t make the same mistakes I made in training. Some of my [now] best practices are in this 10-step listicle Ryan and I work through in this episode.

Need an extra hand in getting your disability insurance squared away? We recommend Kaplan Financial. Get your quote from them today: https://thephysicianphilosopher.com/kaplan

How to Avoid Getting Eaten By a Bear… Market Apr 08, 2020

Get eaten by a bear? If it ain’t by Ryan (mr. sour patch), you most likely want to pass. With the market fluctuation as it has for the last couple of months, the bull market is officially over. Enter the bear. The bear brings about a ton of questions by investors, so let’s check out what’s trending.

Kaplan Financial is the place to go for objective advice on disability insurance. They’re the pros we trust and you might too. Check them out here: https://thephysicianphilosopher.com/kaplan

It’s OK To Hate Budgeting Apr 01, 2020

A penny, penny pincher might not be you, but you might have a budget or be thinking of one. While there are different ways to do the dirty “b,” some people just don’t like it. That’s OK. Ryan and I are on opposite ends of the spectrum on this topic. Who do you side with?

In Jimmy’s rap voice: Kaplan Financial is a sponsor of this show. If disability insurance is what you need but the details you don’t know, don’t settle for less, don’t settle for so, so… Kaplan Financial has got your back and so much mo’. https://thephysicianphilosopher.com/kaplan

What’s Up With Investing Waterfalls? Mar 25, 2020

Pay off debt or invest is usually a really popular question when it comes to finance talk. When you have cheap debt, how do you handle that? Do you invest and not pay down debt? Ryan and I talk about the chicken and the egg when it comes to investing waterfalls.

“He-yooo, let’s save some money-ooo.” Grab your $500 bonus when you refinance your student debt with Earnest--a student loan refinance company and also a sponsor of the show. Save some $$, earn some money… sounds like a good deal. Here are the deets: earnest.com/moneymeetsmedicine

529s for College Education Mar 18, 2020

Should you pay for your kids’ college? Assuming that your ride to college was paid for with scholarships, this may or may not be a question you encounter as your kids are growing up. If you didn’t have a full ride, the same still applies. So, when you peel back the onion a bit on your own debt from personal loans or your own student debt, paying for your kids college might fall a little further down the totem pole. Ryan and I chat on it.

Oh hey… while on the topic, Earnest is a student loan refinancing company that can get you low rates. And if you sign-up with them now, you’ll get a $500 bonus! Find out more here: earnest.com/moneymeetsmedicine

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