Financial Residency
Business & Economics Podcasts
As a doctor, you spent decades in school to get to where you are. Unfortunately, during all those years in medical school and residency, you probably didn't receive a financial education. But, not to worry. That’s where I come in. Think of this podcast as your financial residency without the long hours and sleepless nights! I will guide you through a financial education resulting in money confidence and clarity in this critical aspect of your life. You’ll understand how you make money, how you spend money, how your hard-earned money can work for you, and how to protect yourself and your family. I have witnessed residents and fellows bombarded by life and disability insurance salesmen and other “investment” pitches that are not in their best interest. You didn’t receive any formal financial education in your decades of medical training, so how are you supposed to know the good financial advisors from the bad? This podcast will help with that. Remember, it’s ok to not know the difference between a ROTH IRA and a 403b or which 529 plan is best. This podcast will simplify highly complex concepts and translate industry jargon into plain English. Are you ready to take action and make smarter, more informed financial decisions? Great - let's do this! Let your financial residency begin.
As a doctor, you spent decades in school to get to where you are. Unfortunately, during all those years in medical school and residency, you probably didn't receive a financial education. But, not to worry. That’s where I come in. Think of this podcast as your financial residency without the long hours and sleepless nights! I will guide you through a financial education resulting in money confidence and clarity in this critical aspect of your life. You’ll understand how you make money, how you spend money, how your hard-earned money can work for you, and how to protect yourself and your family. I have witnessed residents and fellows bombarded by life and disability insurance salesmen and other “investment” pitches that are not in their best interest. You didn’t receive any formal financial education in your decades of medical training, so how are you supposed to know the good financial advisors from the bad? This podcast will help with that. Remember, it’s ok to not know the difference between a ROTH IRA and a 403b or which 529 plan is best. This podcast will simplify highly complex concepts and translate industry jargon into plain English. Are you ready to take action and make smarter, more informed financial decisions? Great - let's do this! Let your financial residency begin.
Location:
United States
Description:
As a doctor, you spent decades in school to get to where you are. Unfortunately, during all those years in medical school and residency, you probably didn't receive a financial education. But, not to worry. That’s where I come in. Think of this podcast as your financial residency without the long hours and sleepless nights! I will guide you through a financial education resulting in money confidence and clarity in this critical aspect of your life. You’ll understand how you make money, how you spend money, how your hard-earned money can work for you, and how to protect yourself and your family. I have witnessed residents and fellows bombarded by life and disability insurance salesmen and other “investment” pitches that are not in their best interest. You didn’t receive any formal financial education in your decades of medical training, so how are you supposed to know the good financial advisors from the bad? This podcast will help with that. Remember, it’s ok to not know the difference between a ROTH IRA and a 403b or which 529 plan is best. This podcast will simplify highly complex concepts and translate industry jargon into plain English. Are you ready to take action and make smarter, more informed financial decisions? Great - let's do this! Let your financial residency begin.
Twitter:
@physicianwealth
Language:
English
Episodes
Mortgage Minute: Common Terminology Used When Applying for a Mortgage
8/9/2022
Today I just wanna give a quick overview of a little bit of terminology on the lender forms that you're looking at throughout the process. So by that I'm obviously talking about the, fees for when you're shopping lenders.
Link to website:
https://dougcrousephysicianloans.com/
Duration:00:07:16
Grand Rounds: International Locums with Dr. Rachael Consoli
8/8/2022
Today we are joined with Dr. Rachel Consoli, who has traveled just the entire globe as an OB GYN provider. Dr. Consoli shares her story working with Locums and her experiences.
Have you ever considered a different way of practicing medicine, whether you are burned out, need a change at pace, or are looking to supplement your income? Locums story.com is the perfect place to start.
https://locumstory.com/
Duration:00:26:23
Coffee and Contracts: How to negotiate for extra pay to the group to cover shifts instead of paying locums.
8/6/2022
Today we are answering questions that were sent in. The next one that we're gonna do today, how to negotiate for extra pay to the group to cover shifts instead of paying locums?
LINK:
www.ContractDiagnostics.com
Have you ever considered a different way of practicing medicine, whether you are burned out, need a change at pace, or are looking to supplement your income? Locums story.com is the perfect place to start.
https://locumstory.com/
Duration:00:05:31
Financial Vitals: 5 Signs You're Working With An Insurance Agent Posing As An Advisor
8/5/2022
Insurance agents posing as advisors is more common than you may realize and can create conflicts of interest. The key is having better awareness. Don’t get fooled again!
In this episode of the Finance for Physicians Podcast, Daniel Wrenne talks about five ways to identify whether you are working with an insurance person who is posing as a financial advisor.
Topics Discussed:
• Sign #1: Aggressive posers seek you out after making contact or via referrals
• Sign #2: Posers offer you free...
Duration:00:22:54
Coffee and Contracts: Talk about compensation and liability for managing mid level providers.
8/4/2022
Hey, this is John with contract diagnostics. I want to give a quick message on nurse practitioners and PAs. We had a couple of questions that were sent in, and one of them was about compensation for managing mid-level providers. Join me as I answer this question!
LINK:
www.ContractDiagnostics.com
Have you ever considered a different way of practicing medicine, whether you are burned out, need a change at pace, or are looking to supplement your income? Locums story.com is the perfect place...
Duration:00:04:57
Financial Vitals: How Conflicts Of Interest Muddy the Financial Advice Waters with Donovan Sanchez
8/3/2022
Physicians seeking independent financial planning advice at a fair price should find financial advisors who mitigate conflicts of interest that cause more harm than good.
In this episode of the Finance for Physicians Podcast, Daniel Wrenne talks to Donovan Sanchez, a Certified Financial Planner (CFP) and founder of Skyview Financial Planning. Donovan covers different conflicts of interest that most people are unaware of and the importance of disclosure requirements to find a quality...
Duration:00:47:21
Mortgage Minute: More on Interest Rates after the Fed Meeting
8/2/2022
Today I wanna talk to you a little bit more about interest rates. Interest rates ended up being a three quarter point move, which was kind of on the low side of what we expected.
Link to website:
https://dougcrousephysicianloans.com/
Have you ever considered a different way of practicing medicine, whether you are burned out, need a change at pace, or are looking to supplement your income? Locums story.com is the perfect place to start.
https://locumstory.com/
Duration:00:10:07
Grand Rounds: Negotiating Contracts with Large Corporations
8/1/2022
Jon Appino joins us today. He gives some really good insight on national employers and whether or not it's worth having a contract reviewed when you go to work for one of the big boys.
Have you ever considered a different way of practicing medicine, whether you are burned out, need a change at pace, or are looking to supplement your income? Locums story.com is the perfect place to start.
https://locumstory.com/
Duration:00:23:28
Financial Vitals: How To Avoid Lifestyle Creep
7/30/2022
Everyone has suffered from lifestyle creep to some extent. Somewhere along the way, you go from eating ramen noodles to the finer things in life. You become used to spending your entire salary.
In this episode of the Finance For Physicians Podcast, Daniel Wrenne talks to Jeff Wenger, a Certified Financial Planner (CFP®), about how to avoid lifestyle creep. What is it? How does it happen? How do you prevent it?
Topics Discussed:
Tricky Transitions: Going from little income to being paid...
Duration:00:33:40
Coffee and Contracts: When Should Physicians look for a Job?
7/29/2022
A question that we get asked a lot is when should physicians look for jobs when. What's common, right? What's normal? What's the standard?
LINKS:
www.ContractDiagnostics.com
Just as the right advice helps you thrive financially. The right support team allows you to Excel professionally. Whether be healthcare's Locums experts will match you with the best jobs, prepare you for success and provide 24 7 support.
https://weatherbyhealthcare.com/
Duration:00:05:00
Financial Vitals: Teaching your Children about Money
7/28/2022
If you avoid talking about money with your children, then who pays for it later in life? Whether you know it or not, you’re teaching your children about money every day. Teach them what works and what doesn’t when it comes to finances.
In this episode of the Finance for Physicians Podcast, Daniel Wrenne talks to Dr. David Weisenhorn about money and parenting. David is a Senior Extension Specialist for Parenting and Child Adolescence Education at the University of Kentucky.
Topics...
Duration:00:49:56
Coffee and Contracts: A pediatrician and a surgeon
7/27/2022
Today I want to speak on understanding yourself and knowing how you talk and how you negotiate.
Just as the right advice helps you thrive financially. The right support team allows you to Excel professionally. Whether be healthcare's Locums experts will match you with the best jobs, prepare you for success and provide 24 7 support.
https://weatherbyhealthcare.com/
LINKS:
www.ContractDiagnostics.com
Duration:00:04:33
Mortgage Minute: What the Fed Meeting May Mean for Mortgage Rates
7/26/2022
Today I wanna talk to you just briefly about the new fed meeting coming up.
Just as the right advice helps you thrive financially. The right support team allows you to Excel professionally. Whether be healthcare's Locums experts will match you with the best jobs, prepare you for success and provide 24 7 support.
https://weatherbyhealthcare.com/
Duration:00:05:33
Grand Rounds: Disability Insurance with Michael Relvas
7/25/2022
Every week we get lots of questions about disability insurance, and I am so happy to welcome back Michael Relvas of MR Insurance Consultants to the show! Join us today as I have on a guest that I know and trust to help physicians with disability insurance questions.
Just as the right advice helps you thrive financially. The right support team allows you to Excel professionally. Whether be healthcare's Locums experts will match you with the best jobs, prepare you for success and provide 24 7...
Duration:00:31:31
Coffee and Contracts: Do you get the schedule in the agreement
7/23/2022
One of the things that I thought we could talk about today is the schedule portion of the contract. Oftentimes it's called the duty section, it might be called the services section or sometimes it's called the expectation section sometimes. It's a job description. How detailed should these things be?
LINKS:
www.ContractDiagnostics.com
Duration:00:06:06
Financial Vitals: What Type Of Life Insurance Should You Own
7/22/2022
Life Insurance: How does it work and do you really need it? Are you worth more or less alive or dead? What you need to know to protect yourself and your loved ones.
In this episode of the Finance For Physicians Podcast, Daniel Wrenne talks about what type of life insurance you should own. When you are young and healthy, cover your life or earning potential because the risk of untimely death happening is extremely low, but the costs of income loss are extremely high.
Topics Discussed:
•...
Duration:00:47:53
Coffee and Contracts: How to Manage Multiple Offers
7/21/2022
What we're going to talk about today is something that I think every physician eventually will deal with and it's multiple offers. Whether it's your first job and you're interviewing at a lot of places or whether you're shopping around after your first position out of residency or fellowship
LINKS:
www.ContractDiagnostics.com
Duration:00:04:37
Financial Vitals: Why Is Permanent Life Insurance Such A Terrible Short Term Investment
7/20/2022
Does permanent life insurance make sense or not? Is it the right or wrong short-term investment?
In this episode of the Finance For Physicians Podcast, Daniel Wrenne talks about what you should look for and avoid to navigate the purchase of permanent life insurance.
Topics Discussed:
• Permanent Life Insurance Components: Cash value and death benefit
• How does buying permanent life insurance compare to term life insurance?
• Agents: People who push, play with permanent life insurance...
Duration:00:33:28
Mortgage Minute: Don't Listen to Your Parents
7/19/2022
Today I want to talk a little bit about mortgage don'ts. Join me!
Link to website:
https://dougcrousephysicianloans.com/
Duration:00:20:31
Grand Rounds: Medical Spa with Dr. Amber Botros
7/18/2022
Today I have one of my very favorite people in the world, Dr. Amber Boros with me, she is my hero. She took medicine, which was kind of how we all feel about medicine these days. And she turned it into her passion.
Duration:00:17:19