Physicians often assume that a strong income will naturally lead to financial security, but that’s rarely how it works.

In reality, the biggest financial setbacks usually come from avoidable habits and decisions that seem harmless in the moment.

In this episode, Daniel Wrenne is joined by Hugh Baker to address some of the most common ways doctors unintentionally derail their finances, including the patterns they see most often in physician households.

Listen in to learn how physicians can avoid some of the most common financial traps, why high income alone doesn’t guarantee financial freedom, and how a few overlooked habits can quietly keep you stuck longer than necessary.

Transform your financial outlook today! Access our exclusive free resources for physicians and conquer financial stress. Access here.

P.S. We value your opinion! Share your thoughts and insights with us. Your feedback helps us improve and tailor our content to your needs. Click here to give us a piece of your mind.

Links

• Vitals Check: Your Money Game Plan for Post-Residency Life
• Thinking, Fast and Slow by Daniel Kahneman
• Connect with Hugh Baker
• Connect with me on my LinkedIn
• Contact Finance for Physicians
• Finance for Physicians
• To schedule a call with one of our awesome planners, book HERE.

Saving for your children’s education can feel overwhelming, especially when you’re balancing student loans, retirement planning, and a busy medical career. Yet one of the most effective tools available to physician families, the 529 plan, is often misunderstood or underused.

In this episode, Daniel Wrenne is joined by Theresa Scheu to break down how 529 plans actually work and why starting early can make a significant difference. They discuss the tax advantages, how state plans vary, and why many physician families benefit from using these accounts as part of a long-term education strategy.

Listen in to learn how 529 plans provide tax-free growth for education expenses, why early contributions benefit from compounding, how to evaluate state plans and potential tax deductions, and the flexible ways these accounts can be used for education across your family.

Transform your financial outlook today! Access our exclusive free resources for physicians and conquer financial stress. Access here.

P.S. We value your opinion! Share your thoughts and insights with us. Your feedback helps us improve and tailor our content to your needs. Click here to give us a piece of your mind.

Links

• Compare 529 Plans
• 529 Plans by State
• Morningstar 529 Ratings: The Best Plans of 2025
• Connect with Theresa Scheu on LinkedIn
• Connect with me on my LinkedIn
• Contact Finance for Physicians
• Finance for Physicians
• To schedule a call with one of our awesome planners, book HERE.

Most physicians know tax season is stressful, but fewer realize that the decisions they make right now (like how they file and when) can directly impact their student loan payments for the next 12 months.

In this episode, Daniel Wrenne sits down with Jeff Wenger to break down the latest student loan updates, how AGI affects income-driven repayment calculations, and what's happening with the SAVE plan and PSLF buyback program.

Listen in to learn why filing jointly versus separately could significantly lower your student loan payments, how filing an extension might work in your favor, and what to do right now if you're pursuing PSLF and have months stuck in the SAVE forbearance.

Transform your financial outlook today! Access our exclusive free resources for physicians and conquer financial stress. Access here.

P.S. We value your opinion! Share your thoughts and insights with us. Your feedback helps us improve and tailor our content to your needs. Click here to give us a piece of your mind.

Links

• Federal Student Aid
• Connect with Jeff Wenger
• Connect with me on my LinkedIn
• Contact Finance for Physicians
• Finance for Physicians
• To schedule a call with one of our awesome planners, book HERE.

Taxes are one of the biggest ongoing expenses physicians face, yet most doctors receive little to no formal education on how to manage them strategically.

In this episode, Daniel Wrenne sits down with Logan Foltz, founder of TaxSmart MD and a former practicing psychiatrist, to talk about what physicians should really understand about tax planning, tax preparation, and how to avoid costly surprises.

Listen in to learn why so many doctors feel frustrated with their accountants, the difference between tax preparation and tax planning, and what to look for when hiring a tax professional.

Transform your financial outlook today! Access our exclusive free resources for physicians and conquer financial stress. Access here.  

P.S. We value your opinion! Share your thoughts and insights with us. Your feedback helps us improve and tailor our content to your needs. Click here to give us a piece of your mind.

Links

• TaxSmart MD
• Connect with Logan Foltz on LinkedIn
• Connect with me on my LinkedIn
• Contact Finance for Physicians
• Finance for Physicians
• To schedule a call with one of our awesome planners, book HERE.

In this episode, Daniel Wrenne sits down with Doug Crouse, a mortgage specialist at BMO, to discuss the current state of physician mortgages, how the housing market has evolved post-COVID, and what doctors should know when considering a home purchase.

Listen in to hear Doug's perspective on declining markets in Florida and Idaho, why fewer residents are buying homes now compared to pre-COVID, and how banks are loosening lending limits as prices continue to climb.

You'll get a practical perspective on PMI-free lending, the unique underwriting advantages of physician loans, and Doug's predictions for mortgage rates over the next few years.

Transform your financial outlook today! Access our exclusive free resources for physicians and conquer financial stress. Access here.  

P.S. We value your opinion! Share your thoughts and insights with us. Your feedback helps us improve and tailor our content to your needs. Click here to give us a piece of your mind.

Links

• Doug Crouse BMO
• Hippocratic House - Download their free eBook!
• Connect with Doug Crouse
• Connect with me on my LinkedIn
• Contact Finance for Physicians
• Finance for Physicians
• To schedule a call with one of our awesome planners, book HERE.

In reality, it's usually best to land somewhere in between.

Today, Daniel Wrenne is joined by Heather Lovallo to discuss how to think intentionally about whether to do it yourself, collaborate with a professional, or fully outsource your financial planning.

Listen in to hear the real considerations behind each approach and the factors that matter most.

You'll get practical guidance for early-career physicians setting a foundation, as well as a simple self-assessment to help identify where you fall on the DIY-to-outsourcing spectrum.

Transform your financial outlook today! Access our exclusive free resources for physicians and conquer financial stress. Access here.  

P.S. We value your opinion! Share your thoughts and insights with us. Your feedback helps us improve and tailor our content to your needs. Click here to give us a piece of your mind.

    Links

• Delegator, Validator, or DIYer? | White Coat Investor
• Vitals Check: Your Money Game Plan for Post-Residency Life
• YNAB
• Connect with Heather Lovallo
• Connect with me on my LinkedIn
• Contact Finance for Physicians
• Finance for Physicians
• To schedule a call with one of our awesome planners, book HERE.

In this episode, we step back from tactics and spreadsheets to talk about the personal finance books and podcasts our planning team consistently recommends.

Daniel Wrenne is joined by Theresa Scheu to walk through a curated list of books and shows that have shaped how our planners think about money, behavior, and decision-making.

Rather than technical investing manuals, these recommendations focus on habits, mindset, values, and long-term perspective.

The conversation spans classics like The Richest Man in Babylon and The Millionaire Next Door, newer favorites like The Psychology of Money and The Wealth Ladder, and podcasts that help make sense of both personal decisions and the broader economic landscape.

Listen in to hear why so many of these recommendations emphasize behavior over brilliance, how thinking intentionally about spending can be just as important as saving, and common themes that show up again and again.

Transform your financial outlook today! Access our exclusive free resources for physicians and conquer financial stress. Access here.  

P.S. We value your opinion! Share your thoughts and insights with us. Your feedback helps us improve and tailor our content to your needs. Click here to give us a piece of your mind.

    Links

• Of Dollars And Data
• Money For Couples with Ramit Sethi
• The Money Guy Show
• 50 Fires
• Marketplace Business News Podcast
• “Just Keep Buying” by Nick Maggiulli
• The Wealth Ladder: Proven Strategies for Every Step of Your Financial Life by Nick Maggiulli
• The Richest Man in Babylon by George S. Clason
• The Millionaire Next Door: The Surprising Secrets of America's Wealthy by Thomas J. Stanley & William D. Danko
• The Psychology of Money by Morgan Housel
• The Art of Spending Money by Morgan Housel
• Simple Wealth, I...

In this conversation, Daniel Wrenne is joined by Hugh Baker and Jackie Griggs to reflect on the recurring themes they saw throughout the year.

Listen in as they discuss the uncertainty driven by student loan changes, market volatility, political noise, and the constant stream of headlines competing for attention.

You'll learn how many physicians managed anxiety around PSLF, investing during market swings, and making big life decisions without clear answers.

They also share thoughtful guidance on wrapping up the year with intention by revisiting goals, checking progress, thinking about giving, and preparing for known changes ahead.

Transform your financial outlook today! Access our exclusive free resources for physicians and conquer financial stress. Access here.  

P.S. We value your opinion! Share your thoughts and insights with us. Your feedback helps us improve and tailor our content to your needs. Click here to give us a piece of your mind.

    Links

• The Art of Spending Money by Morgan Housel
• The Psychology of Money by Morgan Housel
• Connect with Hugh Baker
• Connect with Jackie Griggs
• Contact Finance for Physicians
• Finance for Physicians
• To schedule a call with one of our awesome planners, book HERE.

In this episode, Daniel Wrenne and Hugh Baker reveal the most common financial concerns they hear while speaking to residency programs.

Student loans, PSLF uncertainty, choosing benefits, understanding retirement accounts, and the pressure of upcoming income changes all show up again and again.

Listen in as they walk through the themes that consistently surface in these conversations and share how residents can approach the big decisions ahead with clarity and confidence.

You’ll also hear their take on physician loans, contract questions, saving vs. spending during residency, and what it really means to build the habits that support financial freedom.

Transform your financial outlook today! Access our exclusive free resources for physicians and conquer financial stress. Access here.  

P.S. We value your opinion! Share your thoughts and insights with us. Your feedback helps us improve and tailor our content to your needs. Click here to give us a piece of your mind.

    Links

• Course: Vitals Check: Your Money Game Plan for Post-Residency Life
• Connect with Hugh Baker
• Contact Finance for Physicians
• Finance for Physicians
• To schedule a call with one of our awesome planners, book HERE.

In this episode, Daniel Wrenne and Jen Quire dig into the surprising reasons behind our incredibly low client divorce rate—and what it reveals about the powerful connection between money, communication, values, and partnership.

Listen in as they share the common habits they see in couples who stay strong despite the pressures of medical life.

You’ll hear why financial planning is far more than spreadsheets and investment decisions; it’s a process that naturally strengthens marriages.

Daniel and Jen also discuss the red flags that often point to deeper relational issues, as well as practical steps any couple can take to get aligned, stay aligned, and use money as a tool to support their relationship rather than strain it.

Transform your financial outlook today! Access our exclusive free resources for physicians and conquer financial stress. Access here.  

P.S. We value your opinion! Share your thoughts and insights with us. Your feedback helps us improve and tailor our content to your needs. Click here to give us a piece of your mind.

    Links

• Connect with Jen Quire
• Connect with me on my LinkedIn
• Contact Finance for Physicians
• Finance for Physicians
• To schedule a call with one of our awesome planners, book HERE.

But most doctors miss valuable tax benefits simply because they don’t know they exist.

In this episode, Daniel is joined by Jackie Griggs for a conversation that breaks down practical, overlooked, and highly effective giving strategies physicians can use before December 31st.

Listen in as they clarify the difference between cash gifts and appreciated assets, explain when donor-advised funds make sense, and discuss how upcoming 2026 tax law changes may reshape giving decisions.

You’ll also hear when batching contributions is worth it, how QCDs work for retirees over 70½, and why giving intentionally creates the biggest long-term impact.

Real estate syndications, crypto, private deals — they all sound like the fast track to financial freedom.

But what if the real wealth builders are the “boring” investments you already have access to?

In this episode, Daniel Wrenne and Hugh Baker break down the difference between chasing trends and building true, lasting wealth.

They reveal why Target Date Funds often outperform “shiny object” investments and why most so-called passive income isn’t passive at all.

You’ll hear real stories of physicians who’ve been lured by hype, what they learned the hard way, and how you can invest without turning your portfolio into a part-time job.

It’s tempting to believe these offers will save you thousands, but are they really worth it?

For most physicians, the answer lies somewhere between ignoring every offer and becoming the person with 75 credit cards.

Today's guest, Jeff Wenger, has spent the last six months researching credit card rewards to find the sweet spot—strategies that deliver real value without turning financial optimization into a part-time job.

Listen in as we break down the math, the pitfalls, and the practical strategies for making your everyday spending work harder for you.

Tariffs, market swings, the allure of real estate… many physicians are asking the same big questions:

• “How will tariffs affect my investments?”
• “Should I pause my regular contributions until things calm down?”
• “Is buying real estate a good way to diversify?”

In this episode, Daniel and Jennifer Quire dig into these hot topics and share why reacting to short-term changes often backfires.

You'll learn how fear drives bad decisions, why staying the course is so important, and why real estate may not provide the diversification most people expect.

Listen in if you’ve ever been tempted to “do something” when markets feel shaky, and let this conversation help you gain clarity and stick to a plan that works for the long term.

Physicians spend a decade or more training for a career they believe will bring fulfillment and stability. But what happens when the reality doesn’t match the dream?

Dr. Brad Bennett followed the traditional path—prestigious training, a promising teleradiology role, and the security of a physician-owned practice—only to find himself exhausted, disconnected from his family, and questioning the future he had worked so hard to build.

Instead of staying stuck, Brad made the bold decision to step away and design a career and lifestyle that truly aligned with his values.

Listen in as we explore the financial realities, personal risks, and emotional challenges of leaving stability behind to create freedom and balance.

The student loan landscape just got a major overhaul, and we're breaking down everything physicians need to know about the massive changes coming from the One Big Beautiful Bill Act.

Listen in as Daniel and Jeff Wenger walk through the new repayment plan structure, what's happening to SAVE borrowers, and the critical decisions you need to make right now, especially if you're currently in SAVE forbearance.

You'll hear the good news (PSLF still exists!), the challenging news (most changes favor the government), and the strategic moves that could save you thousands depending on your situation.

We’re back for Part 2 of our deep dive into the One Big Beautiful Bill Act (OBBBA), this time covering the updates that could open new opportunities for your finances.

Listen in as we break down what the bill means for physicians when it comes to QBI deductions, tip and overtime income, Trump/MAGA accounts, expanded 529 plan uses, and new HSA rules.

You’ll hear what’s actually worth paying attention to and where a little-known provision might give you a real tax break.

Big tax law changes are here, and they could have a major impact on your finances.

In this episode, we’re breaking down the One Big Beautiful Bill Act (OBBBA) and what it means for physicians, starting with the non-student loan changes. We’re joined by Jeff Wenger and Heather Lovallo to explain the updates and what you should pay attention to this tax season.

You’ll learn how the new rules affect your tax brackets, standard vs. itemized deductions, child tax credit, estate planning, and even whether buying a new car might make a little more sense now (spoiler: not really).

This is Part 1 of our two-part series on the new bill. Don’t miss what’s coming next!

Should you get a prenuptial or postnuptial agreement?

Talking about these is not exactly romantic, but it might be one of the smartest financial conversations you’ll ever have.

In this episode, we’re joined by Heather Lovallo to break down what prenups and postnups are, when they make sense, and how they can actually strengthen your marriage.

You’ll learn why these agreements aren’t just for the ultra-wealthy, how they can help avoid messy legal battles, and the surprising ways they support better financial communication as a couple.

Why do so many physicians stumble financially right after residency?

In this special 200th episode, we’re joined by Hugh Baker to break down the most common financial mistakes doctors make as they step into full-time practice.

Listen in as they talk through rushed home purchases, misunderstood contracts, and the pressure to “catch up” on life after years of training.

You’ll learn what to avoid when buying your first home, why investing early matters more than timing the market, and how to keep your financial future flexible, even with a six-figure paycheck.

Is the mega backdoor Roth the ultimate tax shelter—or just a complicated headache?

Today we are joined by Jeff Wenger to discuss this lesser-known strategy, breaking down how it works and when it makes sense, especially for high-earning physicians.

Listen in as we walk through the four key contribution “buckets” in a 401(k), the pros and cons of using after-tax dollars, and what makes the mega backdoor strategy so unique (and often underutilized).

You’ll learn who this applies to, the gotchas to watch for, and why more isn’t always better when it comes to tax strategies.

Is buying a home always the smarter move—or just what we’ve been told to do?

In this episode, Jennifer Quire joins me to reveal the real pros and cons of renting vs. buying, especially for physicians facing big financial decisions during major life transitions.

Listen in as we dig into how values, lifestyle, flexibility, and unpredictability play just as big a role as the math.

You’ll hear about the side of homeownership that people rarely talk about, what most people don’t factor into the buying vs. renting decision, and why renting isn’t the financial failure it’s often made out to be.

Is diversification overrated or more important than ever in today’s market?

In this episode, I’m joined by Jackie Griggs to explain what diversification really means and why it matters now more than ever for physicians managing their own portfolios.

Listen in as we break down how mean reversion impacts market cycles and why concentrating on the S&P 500 or individual stocks (like Apple) could leave you exposed to more risk than you think.

You'll hear practical tips for building a resilient investment strategy that aligns with your long-term financial goals.

Are student loan repayment plans about to get completely overhauled? And what does that mean for physicians?

In this episode, I’m joined once again by student loan expert Jeff Wenger to break down the proposed federal student loan changes that could reshape how physicians manage repayment, forgiveness, and financial planning.

Listen in as we explore the potential elimination of popular IDR plans like SAVE and PAYE, the shift back to the original IBR, and the introduction of a new Repayment Assistance Plan (RAP).

We also cover proposed PSLF restrictions that could exclude residency and fellowship years, and a new $150,000 lifetime cap on federal graduate borrowing.

Have you ever felt like you’re way behind on your finances?

In this episode, I'm joined by Dr. Bill Yount, practicing ER physician and host of the Catching Up to FI podcast, who's here to share how he turned his financial life around, starting at age 50.

Listen in as we talk about real mistakes, real lessons, and the mindset shifts that helped him go from overwhelmed and burnt out to confident and financially free.

You'll learn simple steps you can take if you’re feeling behind and why it’s never too late to start catching up to financial independence.

In this episode, I sit down with Heather Lovallo to explore practical, real-life strategies for teaching our children financial responsibility.

Listen in as we explore simple ways to help your children build strong financial habits—without needing to be a money expert yourself.

Plus, you'll hear about resources, including books and activities, to make learning about money both fun and impactful for children of all ages.

Your buddy tells you about the next big investment—crypto, rental properties, AI stocks—and it all sounds too good to miss, right?

So you dive in, and then... April Fools! You've lost it all.

In today’s episode, I’m joined again by Jackie Griggs to shed light on one of the biggest pitfalls we see in financial planning: shiny objects.

We're talking about those hot investment tips, buzzword trends, and “get-rich-quick” schemes that promise easy money with little effort.

Listen in as we break down how to spot these distractions, filter out the noise, and stay focused on your long-term goals.

Plus, we’ll explore the “why” behind the financial decisions you make to help you avoid falling for the next big hype.

• Jackie Griggs: LinkedIn

• VTSAX-Vanguard Total Stock Market Index Fund Admiral Shares

• Connect with me on my LinkedIn

• Contact Finance for Physicians

• Finance for Physicians

• To schedule a call with one of our awesome planners, book HERE.

In today's episode, I’m sitting down with Jordan, a second-year internal medicine resident who's preparing for his first attending role.

He’s got his finances in solid shape, but he wants to make sure he and his family are set up for long-term success as he steps into this next chapter.

Listen in as we talk about how Jordan is weighing job offers, managing a $300K student loan balance, and strategizing his financial plan to align with his family’s values.

You'll hear about everything from managing Public Service Loan Forgiveness (PSLF) to setting up a strong foundation with insurance and emergency funds.

• Connect with me on my LinkedIn

• Contact Finance for Physicians

• Finance for Physicians

• To schedule a call with one of our awesome planners, book HERE.

In this episode, we welcome back Lawrence Keller, CFP®, CLU®, ChFC®, RHU®, LUTCF, a 34-year veteran in the insurance industry, to break down the complexities of disability coverage.

With the landscape of disability insurance constantly evolving, understanding your policy’s fine print is more important than ever.

Listen in as Lawrence shares tips on maximizing coverage, avoiding common pitfalls, and leveraging gender-neutral pricing to reduce costs.

Whether you're a medical student, resident, or an established practitioner, this episode will give you the knowledge to make informed decisions and protect your financial future.

Transform your financial outlook today! Access our exclusive free resources for physicians and conquer financial stress. Access here. 

P.S. We value your opinion! Share your thoughts and insights with us. Your feedback helps us improve and tailor our content to your needs. Click here to give us a piece of your mind.

If you're unhappy, making a change might be the key to a better life—especially as a physician.

In this episode, Dr. Ben Stone shares his journey of navigating burnout, balancing work and life, and making smart financial decisions.

He opens up about his transition to earning physician-level income, avoiding lifestyle creep, and how his perspective on patient care evolved over time.

Transform your financial outlook today! Access our exclusive free resources for physicians and conquer financial stress. Access here. 

P.S. We value your opinion! Share your thoughts and insights with us. Your feedback helps us improve and tailor our content to your needs. Click here to give us a piece of your mind.

In this episode, we break down the FIRE (Financial Independence, Retire Early) movement and why so many physicians feel pressured to work excessive hours just to exit their careers sooner.

We discuss the hidden costs of this mindset—burnout, stress, and missed life moments—and explore a more balanced approach to financial freedom.

Instead of chasing early retirement at all costs, we share practical strategies for building wealth while maintaining a fulfilling and sustainable career.

Transform your financial outlook today! Access our exclusive free resources for physicians and conquer financial stress. Access here. 

P.S. We value your opinion! Share your thoughts and insights with us. Your feedback helps us improve and tailor our content to your needs. Click here to give us a piece of your mind.

Listen in as we explore common misconceptions and discuss what true diversification looks like, particularly when it comes to balancing real estate with other investment options.

You’ll learn the significance of having a varied portfolio, how real estate fits into broader investment strategies, and why some investors might be shifting toward more concentrated portfolios without even realizing it.

Transform your financial outlook today! Access our exclusive free resources for physicians and conquer financial stress. Access here. 

P.S. We value your opinion! Share your thoughts and insights with us. Your feedback helps us improve and tailor our content to your needs. Click here to give us a piece of your mind.

In this episode, we dive into the power of budgeting—not as a punishment, but as a tool to feel empowered and in control of your finances.

Listen in to learn how to take a snapshot of where your money is going, organize your spending into categories, and align your financial habits with your goals.

Whether it's planning for retirement, saving for holidays, or simply gaining clarity on your expenses, this episode provides practical steps to make your finances work for you.

Transform your financial outlook today! Access our exclusive free resources for physicians and conquer financial stress. Access here. 

P.S. We value your opinion! Share your thoughts and insights with us. Your feedback helps us improve and tailor our content to your needs. Click here to give us a piece of your mind.

In this episode, we'll cut through the noise and provide practical advice to help you navigate these uncertain times.

You'll learn how to maintain a long-term perspective, avoid impulsive decisions, and understand the potential impact of upcoming tax changes.

We'll also discuss the importance of working with a financial advisor to optimize your investment strategy and protect your wealth.

Transform your financial outlook today! Access our exclusive free resources for physicians and conquer financial stress. Access here. 

P.S. We value your opinion! Share your thoughts and insights with us. Your feedback helps us improve and tailor our content to your needs. Click here to give us a piece of your mind.

In this episode, Jen Quire, Partner and CFO, explores the financial and emotional complexities of buying a home.

From changing American expectations of home size to navigating lender recommendations, Jen emphasizes the importance of aligning home purchases with your financial goals and lifestyle priorities.

She shares insights on evaluating trade-offs, such as the strain of larger homes on personal finances and relationships, and explains why "dream homes" might not always be the smartest financial move.

Listen in to learn how to look beyond online mortgage calculators and lender estimates to make informed decisions about housing costs.

Transform your financial outlook today! Access our exclusive free resources for physicians and conquer financial stress. Access here. 

P.S. We value your opinion! Share your thoughts and insights with us. Your feedback helps us improve and tailor our content to your needs. Click here to give us a piece of your mind.

Double taxation is a common but avoidable issue that costs people thousands of dollars each year.

In this episode, financial planner Hugh Baker joins us to break down three critical tax strategies that are often misused.

Listen in to learn how to recognize the pitfalls of the backdoor Roth strategy, why mixing account types is a bad idea, and the importance of saving key tax forms to prevent costly mistakes.

Transform your financial outlook today! Access our exclusive free resources for physicians and conquer financial stress. Access here. 

P.S. We value your opinion! Share your thoughts and insights with us. Your feedback helps us improve and tailor our content to your needs. Click here to give us a piece of your mind.

After a brief hiatus, we’re excited to relaunch Finance for Physicians with fresh insights and a commitment to bringing you new episodes twice a month.

Today, I’m sitting down with student loan expert Jeff Wenger, and together we’re tackling the latest in student loan chaos—specifically, the SAVE Plan, which has recently been hit with a court injunction, throwing many borrowers into uncertainty.

Listen in as we break down how this ruling could affect physicians working toward Public Service Loan Forgiveness (PSLF), what repayment options are still on the table, and what might happen if the SAVE Plan doesn’t survive.

Transform your financial outlook today! Access our exclusive free resources for physicians and conquer financial stress. Access here. 

P.S. We value your opinion! Share your thoughts and insights with us. Your feedback helps us improve and tailor our content to your needs. Click here to give us a piece of your mind.

Each of them had slightly different reasons to do it.  They all agreed their patients needed better care.  They all had to deal with a tricky financial (and social) transition.

Let’s rewind, reflect, and reignite our passion for transformative healthcare together. Tune in and get ready to be inspired all over again!

Transform your financial outlook today! Access our exclusive free resources for physicians and conquer financial stress. Access here. 

P.S. We value your opinion! Share your thoughts and insights with us. Your feedback helps us improve and tailor our content to your needs. Click here to give us a piece of your mind.

That’s a hard truth, but most of us don’t act that way. In this podcast, we talk to a couple of doctors that did.

And in doing so, found a way to align their passions with their paychecks. They found a way to love what they do.

So listen in as we talk to Doctors Jordan Grumet and Andy Berkowski whose brushes with death gave them the courage to take real action towards finding true fulfillment in their work.

Dr. Jordan Grummet was a hospice doctor when he realized too many people waited until it was too late to live the life they truly wanted to live. This set him on a path to live his own life that way. He got his finances in order, reduced his workload for anything that didn’t fill his bucket, started leaning into things he was passionate about, and eventually became a full-time author, podcaster, and speaker with a side of medicine, not the other way around.

Dr. Andy Berkowski was a sleep doctor working in a research facility when he had a brush with death himself, facing a serious cancer diagnosis. He too got his finances in order and took different opportunities in research until he figured out that starting a direct care practice was the thing that would bring him the most joy and create the most impact.

You’ll see some recurring themes in these stories once they gain clarity-Getting their finances in order
Taking iterative steps toward their passions

Finally, understanding they could make their medical careers be the thing that supports their passion, not the other way around. We hope by listening to this, we help you gain the clarity that proximity to death gave them. But don’t forget, you have limited time to act…. Enjoy!

Transform your financial outlook today! Access our exclusive free resources for physicians and conquer financial stress. Access here. 

P.S. We value your opinion! Share your thoughts and insights with us. Your feedback helps us improve and tailor our content to your needs. Click here to give us a piece of your mind.

You'll see that they each had 3 commonalities:

1. There was an "AHA!" moment when their priorities shifted. For these 3 physicians, it coincided with the birth of a child (not always the first), but for you, it's important to validate that it's ok when your priorities shift.
2. Needing to take action became apparent thanks to a 3rd party diagnosis. As a doctor, everyone counts on you to diagnose things for them, and it's ok to need that too. Whether it's a mentor, a good friend, a coach, or a financial advisor, find people who can give you perspective outside yourself.
3. No one got there with one step, but they all got started. You'll see each of these physicians took multiple steps that eventually got them the freedom they desired. What is most important was that they got started.

You'll hear from Dr. Mamta Kumar, Dr. Param Baladandapani, and Dr. Ronnie Shalev in this episode with a brief intro from Daniel in each one.

Transform your financial outlook today! Access our exclusive free resources for physicians and conquer financial stress. Access here. 

P.S. We value your opinion! Share your thoughts and insights with us. Your feedback helps us improve and tailor our content to your needs. Click here to give us a piece of your mind.

The best way to free yourself from that burden is to live a little below your means until you find yourself in a sustainable situation.

That's why we put together this compilation of advice from other doctors who have done this.

You'll hear from Dr. Disha Spath, Dr. Caroling Clerisme, and Dr. Latifat Akintade in this episode with a brief intro from Daniel in each one.

Transform your financial outlook today! Access our exclusive free resources for physicians and conquer financial stress. Access here. 

P.S. We value your opinion! Share your thoughts and insights with us. Your feedback helps us improve and tailor our content to your needs. Click here to give us a piece of your mind.

Discover the importance of a solid financial plan, the magic credit score number for optimal mortgage terms, and how timing can be the game-changer in your home-buying process.

Tune in for expert tips tailored to physicians, ensuring a smooth and confident transition into homeownership. Connect with Richard Ricci for personalized mortgage advice that aligns with your unique financial goals.

---------------------------------------------------------------------------------------------------------------------------

The opinions, statements, and viewpoints expressed by Richard Ricci do not necessarily reflect the opinions of Truist. Truist is not responsible for and does not endorse any views expressed other than their own.

Links:

Richard Ricci - Mortgage Loan Officer, NMLSR # 659699

Richard Ricci on LinkedIn

Contact Finance for Physicians

Finance for Physicians 

Clarifying Your Values: Daniel guides you through thought-provoking questions, helping you uncover and prioritize your core values. Understand why this step is pivotal in making informed decisions across both personal and financial aspects of your life.

Discover the pros and cons of each method, considering factors like time commitment, risk, and potential returns. Daniel also shares insights into the slow-yet-steady growth of ultra-passive investments like REITs and explores the more active side of real estate, where higher returns come with increased responsibilities.

Whether you're a physician exploring wealth-building options or simply curious about real estate investment, this episode offers valuable insights. Tune in to find the balance that suits your goals and learn practical tips for navigating the real estate landscape.

Transform your financial outlook today! Access our exclusive free resources for physicians and conquer financial stress. Access here. 

P.S. We value your opinion! Share your thoughts and insights with us. Your feedback helps us improve and tailor our content to your needs. Click here to give us a piece of your mind.

Daniel breaks down the product-based advisor model, emphasizing their focus on selling financial products like disability insurance and life insurance. He unravels the incentive structures, revealing how these advisors get compensated and why their advice might be swayed toward selling more products.

But wait, there's more! Daniel also sheds light on the "jack of all trades" advisor, a hybrid model that combines product selling, investment management, and charging fees for planning services. He explains why this approach can lead to compounded conflicts of interest and recommends steering clear of such setups.

Tune in for a comprehensive exploration of these advisor models, gain insights into potential pitfalls, and arm yourself with awareness in your financial journey.

Transform your financial outlook today! Access our exclusive free resources for physicians and conquer financial stress. Access here. 

P.S. We value your opinion! Share your thoughts and insights with us. Your feedback helps us improve and tailor our content to your needs. Click here to give us a piece of your mind.

Discover the ins and outs of AUM advisors, from manageable fees for smaller balances to potential drawbacks as your investments grow. Daniel emphasizes the importance of trust and awareness in the advisor-client relationship.

Don't miss this candid exploration of the AUM advisory model. Tune in for a balanced perspective and stay tuned for more insightful Q&A sessions in upcoming shows.

Transform your financial outlook today! Access our exclusive free resources for physicians and conquer financial stress. Access here. 

P.S. We value your opinion! Share your thoughts and insights with us. Your feedback helps us improve and tailor our content to your needs. Click here to give us a piece of your mind.

In this eye-opening episode, we discuss the story of Josh and Mary (not their real names), a couple with substantial assets managed by an advisor. As Josh's parents age, he becomes increasingly concerned about the transparency and efficiency of their financial strategy. The situation takes a turn for the worse after the passing of Josh's mother, leaving his father to manage their complex financial portfolio.

Join us as we dissect the red flags and inefficiencies we discovered in their financial setup. From excessive cash in an IRA to high advisory fees on non-performing assets, we uncover the hidden costs that could be draining your parents' wealth without their knowledge.

Transform your financial outlook today! Access our exclusive free resources for physicians and conquer financial stress. Access here. 

P.S. We value your opinion! Share your thoughts and insights with us. Your feedback helps us improve and tailor our content to your needs. Click here to give us a piece of your mind.

Transform your financial outlook today! Access our exclusive free resources for physicians and conquer financial stress. Access here. 

P.S. We value your opinion! Share your thoughts and insights with us. Your feedback helps us improve and tailor our content to your needs. Click here to give us a piece of your mind.

Discover insights into scenarios from training to early retirement and learn why blanket statements about Roth IRAs may not apply to everyone. Don't miss out on this empowering discussion to make informed decisions about your retirement planning.

Transform your financial outlook today! Access our exclusive free resources for physicians and conquer financial stress. Access here. 

P.S. We value your opinion! Share your thoughts and insights with us. Your feedback helps us improve and tailor our content to your needs. Click here to give us a piece of your mind.

In this engaging episode, they delve into the intricate landscape of medical careers, exploring the choices between private practice and employment, and the critical role of financial planning.

Dr. Hochman, also Past President of the Charleston County Medical Society and a provider of pro-bono care to children with vascular anomalies, shares profound insights on challenges faced during medical training, the importance of exposure to diverse career paths, and the impact of financial considerations on career choices.

The conversation extends to satisfaction levels among independent practice physicians versus employed physicians, with age-related variations adding an intriguing dimension.

Discover valuable advice, personal experiences, and resources for medical students, residents, and practicing professionals seeking to make informed decisions about their careers. Explore the mission of IndieDocs and the importance of preparing the medical pipeline for the future. 

In this insightful discussion, Daniel covers crucial topics, including spotting common errors like missing dependents and ensuring accuracy in income reporting, especially for those with multiple W-2s. Gain valuable tips on optimizing dividend portfolios, understanding IRA distributions, and navigating the complexities of capital gains and losses.

Whether you've already filed your taxes or are gearing up to do so, Daniel provides actionable insights to empower physicians in taking control of their financial well-being. Don't miss this opportunity to master the art of decoding your finances and ensuring a secure financial future.

Tune in now for a comprehensive guide to decoding your tax return!

Discover the unconventional path Diana took to overcome burnout and achieve remarkable success. Instead of traditional investments like stocks or businesses, she chose to invest in personal development. Daniel explores how this investment not only transformed her life but also enhanced her skills as a physician.

In a thought-provoking discussion, Daniel delves into the often-neglected aspect of personal growth beyond medical education. He challenges listeners to evaluate their self-care practices and consider where they are on their journey outside of medicine.

From health and finance to professional and personal development, Daniel shares practical examples of investments in oneself. Whether it's hiring a personal trainer, seeking financial guidance, or exploring spiritual growth, every small step counts.

Join Daniel as he encourages you to reflect on your life, identify areas for improvement, and take the first step toward investing in yourself. Discover how these investments can lead to a more fulfilling and balanced life.

Daniel is joined by certified financial planner Jeff Wenger to discuss the pros and cons of these various education savings vehicles. They break down the nuances, from tax benefits and growth potential to control over the funds. They also share insights into using these options strategically to ensure your child's educational expenses are covered.

Tune in to get expert advice on how to make the right choice for your specific situation and financial goals. Plus, stay tuned for valuable tips on avoiding penalties and maximizing the benefits of your chosen savings method.

In this conversation, Daniel unravels the complexities of funding Roth IRAs for your children and sheds light on the potential pitfalls and benefits of this financial strategy. The episode covers a range of essential aspects, including:

• The critical rules and regulations governing Roth IRAs for children, ensuring you stay on the right side of the IRS.
• The difference between employee and independent contractor compensation, and how it can impact both parents and children.
• The paramount importance of evaluating your child's financial responsibility and literacy, and how this impacts their readiness for managing a Roth IRA.
• The tax implications and benefits of this strategy, especially for self-employed individuals.

Don't miss this enlightening discussion that goes beyond the numbers, emphasizing the significance of preparing your child for a financially secure future. Whether you're a parent considering funding Roth IRAs or simply intrigued by the world of family finance, this episode provides invaluable insights to help you make informed decisions.

Tune in to the Finance for Physicians podcast to explore these essential considerations and ensure your child's financial journey is set on the right course. 

From unexpected payment changes to incorrect income certifications and IDR anniversary dates, Daniel and Jeff share valuable insights into how to navigate these issues. They offer practical advice on how to handle problems with your student loan servicer and ensure you stay on track for loan forgiveness, particularly for Public Service Loan Forgiveness (PSLF).

If you want to stay informed about the latest student loan servicing challenges and safeguard your finances, this episode is a must-listen. Whether you're a physician or anyone dealing with student loans, this conversation will provide you with the essential knowledge to avoid costly errors. Tune in now to stay ahead of potential pitfalls in managing your student loans. 

With a focus on helping physicians, particularly those working with Public Service Loan Forgiveness (PSLF) in mind, Daniel and Jeff take you on a journey through the recent changes in student loan policies. They explore the historical approaches to student loans and delve into how the transition to the new SAVE Plan (Saving on a Valuable Education Plan) can impact your financial future.

Discover the intricacies of student loan management and gain insights into crafting a tailored repayment strategy that suits your unique circumstances. Daniel and Jeff bring their expertise to the table, making the complex world of student loans more understandable and helping you make informed decisions.

Whether you're a recent graduate, a seasoned borrower, or just interested in the world of student loans, this episode provides valuable insights into the ever-changing student loan landscape.

The hosts explore the advantages and considerations of the SAVE Plan compared to other repayment options, such as PAYE and IBR, and discuss the crucial factor of filing taxes jointly or separately when optimizing student loan payments. They also touch upon the implications of the SAVE Plan for Public Service Loan Forgiveness (PSLF) and examine how it influences long-term loan forgiveness.

But that's not all; Daniel and Jeff also tease an intriguing topic for their next episode: the possibility of buying back credit on PSLF. Tune in to stay informed about the latest developments in student loan management, discover new strategies, and navigate the ever-evolving landscape of student debt.

Whether you're a recent graduate, a seasoned borrower, or just interested in the world of student loans, this episode provides valuable insights into the ever-changing student loan landscape.

Discover essential tips, uncover emerging trends, and gain a deeper understanding of the financial intricacies that impact medical professionals. Whether you're a medical resident starting your career or an experienced practitioner looking to optimize your financial strategy, this episode is packed with valuable information to help you make informed decisions and secure your financial well-being.

Tune in to "Finance for Physicians" and stay ahead in your financial planning journey as a physician, gaining the knowledge and expertise you need to thrive in your financial life.

In this concise yet insightful episode, Daniel breaks down the fundamental aspects of the 457B plan. He sheds light on the key distinctions between the two primary flavors of this retirement plan: the governmental and non-governmental 457B plans. Daniel explains why having access to a governmental 457B plan can be a game-changer for your financial future, resembling the familiar terrain of 401(k)s and 403(b)s.

But, as with any financial choice, there are nuances and potential pitfalls to be aware of. Daniel delves into the crucial details, including distribution options and the unique challenges that come with non-governmental 457B plans. By the end of this episode, you'll have a clear understanding of which 457B plan aligns with your financial goals and why making the right choice matters.

Don't miss this chance to arm yourself with knowledge that can shape your financial future. If you have questions or want us to cover specific topics in future episodes, email Daniel at Daniel@financeforphysicians.co

Your financial well-being is our top priority, and we're here to provide you with valuable insights every step of the way! Access our exclusive free resources for physicians and conquer financial stress. Access here. Links

In this episode, Daniel Wrenne is joined by Jeff Wenger to tackle the ever-changing landscape of student loans, providing valuable insights into the latest updates that impact physicians. Dive into the intricacies of repayment strategies, loan forgiveness options, and the range of programs designed to assist medical professionals in managing their student debt. Whether you're a seasoned physician, a resident, or a recent graduate, this episode offers a comprehensive understanding of the recent changes that affect your financial journey.

Join us on "Finance For Physicians" as we help you master the latest student loan changes and empower you to make informed financial decisions.

Links:

Connect with Jeffrey on LinkedIn

Connect with me on my LinkedIn

Contact Finance for Physicians

Finance for Physicians

To schedule a call with one of our awesome planners, book HERE.

In this enlightening conversation, Dr. Shalev, co-founder of Shalwin Properties, takes us through her path from medicine to a thriving real estate portfolio that boasts over 5,100 units and $184 million in assets under management. She emphasizes the importance of strategic market analysis, demographic understanding, and surrounding oneself with the right people. Dr. Shalev also highlights her experience with mentorship, conferences, and education, amounting to an investment of over $100,000 in self-improvement within the industry.

Featured in prominent platforms such as Yahoo! Finance, Business Insider, and MarketWatch, Dr. Shalev's journey is not only inspiring but educational. Her transformation from a physician to a real estate mogul showcases the potential for professionals to reshape their financial futures and gain control over their lives. Join us in this conversation to glean insights into passive and active investment approaches, understanding market dynamics, and capitalizing on real estate opportunities even amidst the ever-evolving market conditions. Whether you're considering a career transition or looking to grow your wealth, Dr. Ronnie Shalev's journey is a testament to the power of determination, education, and seizing opportunities in the world of real estate.

Links:

Shalwin Properties

Connect with Dr. Ronnie on LinkedIn

Connect with me on my LinkedIn

Contact Finance for Physicians

Finance for Physicians

To schedule a call with one of our awesome planners, book HERE.

In this illuminating episode, Dr. Baladandapani shares invaluable insights into the world of real estate investing, tailored specifically for medical professionals. Delve into the art of making informed choices, understanding risk and reward, and the crucial aspects of building a diversified real estate portfolio that aligns with individual goals.

Discover the hidden gems of real estate investment, where Dr. Param showcases various strategies like long-term rentals, and short-term rentals, and creative ways to maximize cash flow in today's unique market environment. Gain a deeper understanding of stress testing properties, market due diligence, and tapping into tax savings as a powerful wealth-building tool.

If you're a physician looking to unlock the potential of your hard-earned income and build a secure financial future, this episode is a must-listen. Tune in to learn from one of the most accomplished financial experts in the field and start your journey toward generational wealth today.

Subscribe now to Finance For Physicians Show for more captivating conversations with industry experts and financial advisors, tailor-made for physicians seeking financial independence and prosperity.

Links

Connect with Dr. Param: https://www.generationalwealthmd.com/site/about

Connect with me on my LinkedIn: https://www.linkedin.com/in/danielwrenne/ 

Contact Finance for Physicians

Finance for Physicians 

To schedule a call with one of our awesome planners, book HERE.

In this insightful interview, Daniel Wrenne, sits down with Brandon Hall, co-host of the Tax Smart Real Estate Investors Podcast and a seasoned expert in taxes and real estate investment.

Brandon shares valuable insights on becoming a real estate professional, understanding passive activities and material participation, and maximizing tax deductions in real estate investments.

Discover the key differences between those who build large real estate portfolios quickly and those who struggle to get started, and find out how you can scale your wealth over time. Whether you're a physician with zero properties or already own a few, this interview is a goldmine of practical advice for physicians seeking financial freedom and flexibility in their careers.

Don't miss out on this opportunity to learn from the experts and take control of your financial destiny. Invest in your future today!

Links

Connect with Brandon on his LinkedIn: https://www.linkedin.com/in/brandonhallcpa/

Tax Smart Real Estate Investors Podcast: https://www.therealestatecpa.com/podcasts 

Connect with me on my LinkedIn: https://www.linkedin.com/in/danielwrenne/ 

Contact Finance for Physicians

Finance for Physicians 

To schedule a call with one of our awesome planners, book HERE.

Key Takeaways:

- Strategies to achieve work-life balance while excelling in a demanding medical career.
- Navigating the unique challenges of motherhood within the field of medicine.
- Prioritizing self-care and personal well-being for professional and personal fulfillment.
- Financial considerations for physicians and working parents, including effective planning and investments.
- Real-life stories of successful medical professionals thriving as dedicated mothers.
- Many more!

Listen now to uncover the secrets of accomplished medical professionals who excel in their careers and motherhood, gaining inspiration and practical advice for your own journey.

Links

Connect with Maggie on her LinkedIn: https://www.linkedin.com/in/maggieabrahammd/ 

Connect with me on my LinkedIn: https://www.linkedin.com/in/danielwrenne/ 

Contact Finance for Physicians

Finance for Physicians 

To schedule a call with one of our awesome planners, book HERE.

Key Takeaways:

- Customize contracts to align with your unique story, considering disability-related factors.
- Leverage high demand in the physician field for better negotiating power, with a focus on disability provisions.
- Maximize financial benefits by utilizing bonuses, while understanding how disability-related clauses can impact compensation.
- Embrace flexibility in contracts to adapt to life's uncertainties, including potential disability-related challenges.
- Seek expert guidance to navigate the complexities of physician contract negotiations, with a specific emphasis on disability provisions.

Join us for insightful discussions, practical advice, and real-world examples that will equip you with the knowledge and tools to make informed decisions regarding your physician contracts, including considerations for disability-related matters.

Don't miss out on the opportunity to gain a deeper understanding of this crucial aspect of your career, ensuring you have the necessary safeguards in place.

Links

What happens when ChatGPT reviews a contract? 

Compensation Rx Service from Contract Diagnostics 

Schedule a free consult with Contract Diagnostics 

Physician Employment Contracts and Compensation with Jon Appino

Contracts and Disability: Understanding Your Rights and Protections as a Physician with Jon Appino

Connect with me on my LinkedIn: https://www.linkedin.com/in/danielwrenne/ 

Contact Finance for Physicians

Finance for Physicians 

To schedule a call with one of our awesome planners, book HERE.

Links:

Connect with me on my LinkedIn: https://www.linkedin.com/in/danielwrenne/ 

Contact Finance for Physicians

Finance for Physicians 

To schedule a call with one of our awesome planners, book HERE.

In this conversation, Dr. Kumar shares her story, offering valuable insights and key takeaways for anyone seeking to make bold changes in their own lives. Discover how she navigated the challenges of leaving her medical career behind, the importance of financial literacy, mindset shifts, and living in alignment with one's values.

Key Takeaways:

- Align values with career to avoid burnout.
- Prioritize financial literacy for informed decisions.
- Seek support during career transitions.
- Cultivate a values-focused mindset.
- Embrace courage over comfort in decision-making.

Get ready for an insightful conversation filled with wisdom, inspiration, and practical advice. Whether you're considering a career transition or seeking a greater sense of purpose, Dr. Mamta Kumar's story will empower you to embark on your own journey of transformation.

Links

Fast Fire MD

Connect with me on my LinkedIn: https://www.linkedin.com/in/danielwrenne/ 

Contact Finance for Physicians

Finance for Physicians 

To schedule a call with one of our awesome planners, book HERE.

Dr. Paull's unique practice challenges the status quo and positively disrupts the traditional healthcare system.

Join us as we uncover the distinct features of Dr. Paull's practice, delve into his journey of building an innovative model, and discover how it benefits both physicians and patients. We'll explore his emphasis on honesty, patient care, and transparent pricing, which sets his practice apart.

You'll walk away with these takeaways:

- The power of challenging the status quo
- Prioritizing patient care
- Transparent pricing and relationship-based care
- The impact of a modest lifestyle on entrepreneurship
- The direct care model's advantages

Tune in to this inspiring conversation with Dr. Daniel Paull as we dive into his disruptive approach to orthopedics and gain insights that can motivate and inform listeners who are passionate about challenging the healthcare system. Don't miss out on this opportunity to explore how one doctor was able to break away from the system and practice medicine the way he knew to be correct. 

Links

Connect with Dr. Paull on his LinkedIn: https://www.linkedin.com/in/easyorthopedics/

Easy Orthopedics

Connect with me on my LinkedIn: https://www.linkedin.com/in/danielwrenne/ 

Contact Finance for Physicians

Finance for Physicians 

To schedule a call with one of our awesome planners, book HERE.

We talked about:
- The need for modest lifestyle post-residency
- The courage to venture into the entrepreneurial side of healthcare
- The role of organizations like Freedom Health Works in aiding private practice setup
- The impact of a comfortable work environment on preventing burnout
- The satisfaction derived from having time and autonomy in patient care

This episode is an empowering guide for healthcare professionals considering making a similar leap of faith. Tune in to discover how the journey to starting your practice can be both challenging and incredibly rewarding.

Links

Connect with Dr. Boyer on her LinkedIn: https://www.linkedin.com/in/anastasia-boyer-d-o-122897a5/

FEEDOMDOC

Connect with me on my LinkedIn: https://www.linkedin.com/in/danielwrenne/ 

Contact Finance for Physicians

Finance for Physicians 

To schedule a call with one of our awesome planners, book HERE.

Our special guest, Dr. Diana Girnita, a trailblazing rheumatologist, shares her inspiring journey from the traditional healthcare system to launching her successful direct specialty care practice, Rheumatologist on Call.

Here are the key takeaways you can expect from this episode:

- Unveiling the Direct Specialty Care Mode
- Overcoming Fears and Navigating Change
- The Impact on Patient Care
- Building a Thriving Direct Specialty Care Practice
- Resources for Exploring Direct Specialty Care
- Many more!

Ready to unlock the potential of direct specialty care and enhance your financial well-being as a physician?

Don't miss this enlightening episode of Finance For Physicians with Dr. Diana Girnita. Gain valuable insights, inspiration, and practical tips for incorporating direct specialty care into your own medical practice.

Listen now to this game-changing conversation and start your journey toward a fulfilling and financially empowering medical career

Remember, the power to shape your financial future is in your hands. Join us on this enlightening episode and let's empower ourselves to use money as a tool to live our best lives as physicians!

Links:

It's also hard to run a non-profit in a conservative industry that usually puts profit above all else.

However, some people manage to do it. And it's those professionals we want on our show.

Such is the case with Dr. Shikha Jain.

Besides being a practicing oncologist & professor at the University of Illinois, Shikha is also...

- The founder of the Women in Medicine Summit.
- The CEO of the Covid-19 non-profit IMPACT.
- The president of the non-profit Women in Medicine.
- A TEDx speaker.

Her work has also been featured in some of the most respected magazines in the world, such as TIME, Scientific American & The New York Times.

To top it all, Dr. Shikha doesn't struggle with burnout and is happy to go to work every day.

How can she juggle so many things at once? How does she avoid burnout? And more importantly, how does she balance the work of entrepreneurship with medicine?

To learn all that, listen to our full interview with her!

Enjoy!

Links:

Dr. Shikha Jain's website

IMPACT4HC

Women in Medicine Summit

Women in Medicine

Twitter accounts:

Her work specializes in malpractice lawsuits, and unfortunately, she's been pretty busy lately - big malpractice lawsuits are far more common in the healthcare world than people think.

Even more alarming is the percentage of chance a physician can get sued in such a case - it's usually 50%+ for both high-risk and low-risk specialties.

If you're a physician curious about the legal workings of healthcare lawsuits and the legal system behind them, our conversation with Attorney Christine will keep you hooked. Enjoy!

Links: 

In this episode of Finance for Physicians, we'll talk about Dr. Latifat's story of financial success and how she did it by following her values and ignoring the path society had in store for her.

- If you feel like you're living someone else's life or living in the way most people think you should...

- If you've ever felt you're not acting true to your professional and personal values...

Our interview with Dr. Latifat is for you!

Enjoy, and thank you for listening to the Finance For Physicians Podcast!

Links: 

MoneyFITMD

Contact Finance for Physicians

Finance for Physicians 

To schedule a call with one of our awesome planners, book HERE.

Links:

• • Healthcare Economics 101: https://www.linkedin.com/pulse/health-economics-101-guide-understanding-bigger-well-campanella/
  • We need more physician leaders...  https://www.linkedin.com/pulse/physicians-where-you-we-need-your-leadership-thomas-campanella/
  • About Tom's healthcare journey:  https://www.linkedin.com/pulse/my-healthcare-journey-thomas-campanella/
  • The importance of primary care physicians:  https://www.linkedin.com/pulse/primary-care-physicians-key-providing-value-based-thomas-campanella/
  • AAFP pointing out problems with direct primary care model https://www.aafp.org/pubs/fpm/issues/2016/0900/p10.html

Contact Finance for Physicians

Finance for Physicians 

To schedule a call with one of our awesome planners, book HERE.

Links:

Healthcare Americana Podcast

Contact Finance for Physicians

Finance for Physicians 

We'll share some real-life examples and delve into the numbers to provide you with a comprehensive understanding of the market.

We'll have a special guest with us, Richard Ricci, a loan officer from Truist (formerly SunTrust Mortgage). Richard is a graduate of the University of Florida with a passion for mortgage lending and quality of service.

He specializes in Truist’s industry-leading Doctor Loan program which amounts to over 95% of his business. Richard has won many awards for production and service quality over the 16 years he has been with the bank. Most recently, in 2022, he was a Truist Performance Award winner for ranking in the top 1% of banking employees and a Truist Origination Performance Summit Award winner as a top producer in mortgage. He finished the year ranked #1 in the FL, AL, TX divisions in production. We want your participation!

Listen to the conversation as we discuss everything you need to know about buying a home in today's dynamic market.

Don't miss out on this informative and engaging episode with our expert panelist and special guest, Richard Ricci!

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The opinions, statements, and viewpoints expressed by Richard Ricci do not necessarily reflect the opinions of Truist. Truist is not responsible for and does not endorse any views expressed other than their own.

Links:

Richard Ricci - Mortgage Loan Officer, NMLSR # 659699

Richard Ricci on LinkedIn

Contact Finance for Physicians

Finance for Physicians 

Links:

Contract Diagnostics

Compensation RXJon Appino on LinkedIn

Physician Employment Contracts and Compensation with Jon Appino

Contact Finance for Physicians

Finance for Physicians 

In case you're new to the show, here's a background on our (now) recurring guest, Pablo:

Pablo Gonzalez is the founder and CEO of BeTheStage. His company's thesis is that community is the future of business development and the best tool to remain relevant in a world run by near-monopolistic tech companies.

Pablo met our co-host Daniel at college, and they quickly hit it off. They've remained in contact ever since and even worked together to make the Finance For Physicians show the most interesting one in the niche!

In this episode, you're going to learn:

- How Daniel ventured into his career path

- The origin story of the Finance For Physicians Podcast.

- The cognitive dissonance regarding profit-driven and mission-driven companies.

- And much more. Enjoy!

Links:

Connect with Pablo: LinkedIn or Instagram

Be The Stage

Contact Finance for Physicians

Finance for Physicians 

Driven by her belief that great healthcare is a human right, Dr. Dua has dedicated her career to making healthcare more accessible and convenient for everyone.

During the conversation, we learn about Dr. Dua's journey in healthcare, from building a successful nephrology practice to leading the clinical team at Heal and driving innovations like the CES Innovation Award-winning Heal Hub.

We also discuss her advocacy for expanding house calls to all seniors and her efforts to create patient-facing products that prioritize care and convenience.

As an outspoken role model for women in STEM, Dr. Dua shares her insights on the importance of diversity and inclusion in healthcare.

We also get a glimpse into her personal life as a mother of three and how she balances her busy career with her passions for cooking and spending time with her family.

Join us for an inspiring conversation with Dr. Renee Dua as we explore the future of healthcare and the innovative solutions that are making it more accessible and equitable for all!

Links:

Renee

Heal

Dr. Dua's email address: renee@renee.com

Contact Finance for Physicians

Finance for Physicians

But real estate can become a major headache for busy physicians if you aren't buying it right.

That's why today's show will be about how to make sure you are buying into real estate that won't wreck your lifestyle while building your wealth.

Our guest is Gregg Cohen, JWB Co-Founder.

His company has redefined what investors can expect when investing in cash-flowing rental properties over the last 16 years (so much so, they've been made the front page of the WSJ twice!!)

He joined the show for a lively discussion where you'll walk away understanding:

- why the average real estate investor is buying real estate in a way that limits their upside and creates lifestyle problems
- how to understand the upsides (and downsides) of the various types of real estate investments in a way that actually makes sense
- what I think of real estate investments and how to fit them into your plan that most real estate guys don't understand
- and more!

If you're someone who's looking for a concrete path toward financial freedom but isn't sure where to start - we think you'll find our Q&A session with JWB Co-Founder Gregg Cohen extremely valuable.

Links: 

JWB's Website

JWB's Contact Number: (904) 677-6777

JWB's Email Address: info@jwbcompanies.com

Not Your Average Investor Show

In order to prevent such a condition from ever entering his life again, he had to gain more independence in his line of work (neurology & sleep).

That meant starting his own direct care practice.

In order to get educated on the money side, he consumed financial resources voraciously and spoke with a lot of colleagues about the logistics.

Today, he's an outspoken expert who runs his own practice and preaches against the debilitating work conditions of the medical industry.

If you want to learn how Dr. Berkowski...

- Started his own direct care practice.
- Recovered from a life-threatening condition.
- Reduced his levels of stress as a practicing medical professional.

You'll love this episode! Enjoy!

Links:

ReLACS Health

My DPC Story Podcast

Direct Specialty Care Alliance

But this guest made it work.

Dr. Paula Muto is a 25+ year vascular surgeon veteran with an extensive array of methods of work that put her and her team amongst the best treaters of vein disease in the world.

It'd have been awesome if we stopped at that, but Dr. Paula is also the founder and CEO of UberDoc - an online booking platform that helps patients find the best doctors in their zip code area.

If you're a physician looking to earn extra money by leveraging your already existing expertise - Dr. Paula has paved the way, and we'll spend all of today's episode dissecting her playbook.

Links: 

But physicians are also taking a pushback - the industry is harsh.

Burnout runs rampant and the lack of good financial education leaves many professionals struggling with money all their professional lives.

We're not all-knowing on this show, but we've identified a few key problems we encounter with physician finances repeatedly.

On today's show, we're going to address these issues, how to solve them, and how to prevent them.

If you're a physician struggling with their finances at the moment - we'd recommend you give this episode a shot.

Thank you and enjoy!

Links:

Values Exercise

Contact Finance for Physicians

Finance for Physicians 

This leaves doctors wondering how long they need to accept the constraints of a broken system

But it doesn't have to be this way.

A well-crafted personal brand can create opportunities for physicians, like you to call your own shots.

LinkedIn is the perfect tool to create that.

Once considered just a website for job seekers, LinkedIn is now a platform for creating the career YOU desire (and deserve).

That's why we're bringing renown LinkedIn expert and keynote speaker, JD Gershbein, to break down the how to's of uncovering opportunities on the platform:

- why so many physicians have become so active on LinkedIn in the last year
- what these doctors are doing on the platform that diversify their income opportunities and give them control of their career
- how to adapt principles from JD's LinkedIn style guide to make your profile stand out
- and much more!

If you want to gain control of your career and revenue generating opportunities, this show is for you!

And for a good reason.

Medical jobs have the highest rates of burnout of all professions.

Physicians just don't have time to care about investing, retiring early, wealth, etc.

But today's guest - Dr. Elisa Chiang - did. And the results speak for themselves.

Elisa is a board-certified ophthalmologist and fellowship-trained oculoplastic surgeon who, in her words, "Has worked both in private practice as well as for a bureaucratic hospital system."

After experiencing burnout, she decided to go all in investing to achieve early retirement and escape the medical industry.

Fast forward to today, she's a wealthy life coach that helps other people like her (physicians just like you) to make better life choices with their finances that serves their needs.

The work of people like Elisa gets us excited about the future of personal finance in the physician work world.

If you're a medical professional that:

• Struggles with burnout.
• Experiences second thoughts about their medical career
• Are confronted with big decisions like marriage, investments, retirement, moving, etc.

You'll find this episode quite helpful!

Enjoy!

Links:

Grow Your Wealthy Mindset

The Grow Your Wealthy Mindset Podcast

Contact Finance for Physicians

Finance for Physicians 

If you spend a few minutes browsing the web, you'll find that more often than not reality is stranger than fiction.

Those are the types of stories we're going to talk about on today's episode of Finance for Physicians, with our special guest Kevin Pho, MD, host of The Podcast by KevinMD.

Kevin is a 20-year practicing internal medicine professional who also hosts one of the most popular newsletters in the physician world.

On today's episode, we dive into a few interesting topics:

1. Pull some interesting stories from Kevin's Vault.
2. Get deeper into finding out how Kevin's MD brand grew so popular.
3. Talk about inspiring physician finance stories.

And much more!

If you enjoyed this episode, make sure to tune into our other interviews featuring our host, Daniel Wrenne of Wrenne Financial, and many more special guests! 

Links:

Connect with Kevin Pho, MD: 

KevinMD.com

The Podcast by KevinMD 

Contact Finance for Physicians

Finance for Physicians 

The essence of the American spirit is the desire to solve problems.

In other words, the American spirit is entrepreneurship.

Unfortunately, the scale of American entrepreneurialism is still not at the size it can be in our industry: healthcare.

Whether it's because of conservatism, risk or too many gatekeepers, healthcare has a ton of problems to solve with virtually nobody working on them!

This presents a massive opportunity, especially for the huge pool of talent in the field that's busy in the labs and hospitals.

It's not that we miss solutions... we need more entrepreneurs!

Our guest today is an example of pinpointing an interesting, major problem and creating a novel and creative solution for it.

Pablo Gonzalez is the founder and CEO of Be The Stage. His company's thesis is that community is the future of business development and the best tool to remain relevant and profitable in a world run by category-bending, business giants.

Pablo met our co-host Daniel at college and they quickly hit it off. They've remained in contact ever since and even worked together to make the Finance For Physicians show the most interesting one in the niche!

If you're a medical professional with an interesting idea, ready to propose it to the market, this episode will cover...

- Category Design 101 & How to apply it to your life.

- How to niche down and create a unique mould of opportunities for you as a medical professional.

- How to create a category from scratch and capture 70% of the market.

And much more! Enjoy!

Links:

Connect with Pablo: LinkedIn or Instagram

Be The Stage

Contact Finance for Physicians

Finance for Physicians 

They should choose happiness over wealth, family over career aspirations, etc.

Today's guest proves that it's possible to have it all!

Andy Hill is the founder and CEO of Marriage, Kids and Money - an online brand dedicated to helping people achieve the pillars of family health and well-being: Happiness and Wealth.

This podcast won't give you all the answers - but it will instead guide you toward the right direction for you and your close ones: Developing the life you've always wanted to live!

Enjoy!

Links:

Marriage, Kids and Money Website

Make My Kid a Millionaire

Contact Finance for Physicians

Finance for Physicians 

A hugely underrated topic in the medical world is the concept of community. Figuring out ways to band professionals together might just be the thing that solves some of our most urgent healthcare problems for good.

That is exactly what we're going to discuss in this episode of the Finance For Physicians podcast.

Our guest is Dr. Tim Hindmarsh - together with his partner Dr. May Hindmarsh, they're a dual-physician couple who have a blast doing life together. They are both Board Certified Family Practice Physicians who were born, raised, and trained in Canada and migrated to the wonderful world of the USA in 1994. They run the BS Free Md podcast, a successful business that they built on top of an already successful track record as a professional.

We believe their way of approach (No BS) is exactly what the healthcare system needs more of right now, so we decided to gather up and brainstorm ways to help them spread that message.

You don't want to miss this episode!

Links:

BS FREE MD

BS FREE MD IG

Contact Finance for Physicians

Finance for Physicians 

Jimmy is the host of the Physician Philosopher podcast and Money Meets Medicine podcast. He's also the author of Determined: How Burned Out Doctors Can Thrive in a Broken Medical System.

Jimmy made it early into his career. He built a six-figure business, received numerous awards, and became well-respected among his colleagues. He was practically living the dream many physicians never reach in their lives.

But something was missing. He was more miserable than ever.

Our podcast will illustrate the story of how he escaped that place and found his true passion: coaching other physicians on how to achieve their financial and professional objectives.

Dr. Turner is quickly turning into a legend amongst physician circles, so we're extremely excited to provide you with this interview!

Enjoy!

Links:

The Physician Philosopher Podcast

Money Meets Medicine Podcast

Contact Finance for Physicians

Finance for Physicians 

Outside of the promises of wealth and prestige, being an entrepreneur or cultivating the QUALITIES of an entrepreneur is a blueprint on how to solve problems better and solve better problems.

Our guest today is the perfect example of that.

Ernesto Gutierrez, MD is a practicing physician/entrepreneur with an extensive track record of success behind his back:

• Grew a stem cell therapy practice to 7+ figures in revenue.
• Helped develop regenerative medicine treatment protocols for conditions such as autism, multiple sclerosis, Parkinson's, and other neurodegenerative disorders.
• Started his own online business by risking it all... and made it.

Ernesto has successfully made the transition from a practicing researcher and physician to an online entrepreneur. A feat that we're quite curious to discuss on today's episode!

And more importantly... we'd like to discuss how you, the listener, can do the same.

Links:

Dr. Ernesto Gutierrez Website

Breaking Away From Traditional Primary Care to Start a Concierge Medical Practice w/ Dr. Cady and Ryan Brown

Using Money As A Tool To Live Regret-Free Lives w/ Dr. Jordan Grumet

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