Financial Residency with Ryan Inman-logo

Financial Residency with Ryan Inman

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.

Language:

English


Episodes

When is the Right Time to Hire a Financial Planner?

11/30/2020
Not everyone needs to work with a financial planner, but for those that do, it might be tough to figure out when the "right time" is and even who should you actually hire. Ryan takes a deep dive into the who, what and when is the right time (and type!) of financial planner to help you navigate your financial goals. If you still don't have a financial plan, spend the $25 and build your own plan by buying Taylor and Ryan's book on creating your financial plan without the long hours and...

Duration:00:40:29

Every Opportunity To Mess Things Up But Didn't!

11/27/2020
This week we are taking a look at Leela and Fry. These two are doing everything really well with just a few loose ends to tidy up! Kayse and I talk over their high savings rate and great goals, pointing out a few spots that need a little more thought, such as their individual stock allocation that's creeping higher than they might have intended or realize. Want a Financial Residency $50K scholarship for medical students? Apply before the deadline:...

Duration:00:23:18

There's A Lot To Be Thankful For

11/23/2020
Many of you have been asking me where I have been hiding Taylor! She is out of hiding and going to be hanging out with me today. We’ll be talking about personal finance, things going on in our lives and our community, and really despite all the things happening in the world today that there is just a lot to be thankful for! Don't miss the FIRST EVER $50K Financial Residency scholarship being offered to medical students this Thanksgiving 2020 courtesy of an anonymous foundation. 10 lucky...

Duration:00:32:39

The right way to save for your goals

11/20/2020
Identifying your goals is important because it gives you direction in your finances, as is the case for Maise and Blue. However, as Kayse and I will get into, if you aren't setting up the right banking structure to go along with those goals OR not actually saving for them it defeats the whole purpose. Financial Residency, in partnership with an anonymous foundation, is awarding 10 lucky med students $5k! Check out the details here: www.financialresidency.com/scholarship

Duration:00:31:05

What Your Financial Advisor Should Be Doing For You

11/16/2020
While your schedule is insane and unpredictable, you want to know your advisor is always going to make decisions with your best interest in mind. But how could you know if your financial advisor is doing exactly what you need for your portfolio? These are the things you should consider. Want to be a lucky recipient of a $5000 scholarship? Be one of 10! Financial Residency has partnered with a foundation to giveaway $50k! Learn more here: www.financialresidency.com/scholarship

Duration:00:27:51

Being a Jack of All Trades Doesn't Move the Needle

11/13/2020
Trying to do all the right things but overcomplicating your finances for very small changes won’t add up to a lot. In the case with Anna, Kayse and I talk about focusing on the big things that will move the needle vs. doing a lot of easy things that overcomplicate her finances.

Duration:00:38:04

Community Questions on the 50/25/25 Rule, Retirement and HSAs

11/9/2020
A few in the community asked about retirement options for w2 employees, the thinking behind our 50/25/25 rule, the power of HSAs, and Roth IRAs. Have a question too? Head over to www.financialresidency.com/question to record your questions and get them answered on the show!

Duration:00:29:25

Being Too Aggressive with Your Debt Paydown Strategy?

11/6/2020
You might have great goals but aren’t very realistic given the income potential and the size of your debt. Kayse and I address how this might be the case with our next guest, Black Widow. Learn the need to stop and run your numbers to make sure the math adds up, so that you can also live a little after training too! Need a good CPA to help you get your taxes in order? Check out John McCarthy and the team at Physician Tax Advisors at www.financialresidency.com/cpa

Duration:00:24:44

Answering Your Community Questions on Taxes, 529s, Investing, and More!

11/2/2020
We're so encouraged to have our community ask us their financial questions. Have one yourself? Call and record it at www.financialresidency.com/question and we'll feature it on an upcoming show! The Physician Philosopher's Alpha Group Coaching Experience is closing tonight, 11/2, at midnight! Don't miss out on your opportunity to live your best life. Sign up here: www.financialresidency.com/ACE

Duration:00:24:00

Why is Life Coaching for Physicians so Critical?

10/31/2020
The Physician Philosopher found out the hard way that life coaching was necessary. In this FB Live replay, Jimmy explains the reasoning other physicians find their way to life coaching themselves. Join Jimmy's free webinar: www.financialresidency.com/tppwebinar Enroll in the course: www.financialresidency.com/ACE

Duration:00:22:51

Paying Down Your Student Debt with PSLF

10/30/2020
Kinzi and Justin are thinking about their financial future. In order for them to reach their highest goals, they need to pay down their student debt. Listen to what Kayse and I suggest they consider as they pursue (or not pursue) the Public Service Loan Forgiveness program. Need help with your estate plan? Check out Thoughtful Wills at www.financialresidency.com/tw

Duration:00:24:11

Year End Tax and Financial Planning To Dos

10/26/2020
Brought first to our FB Community called Physician Finance, John McCarthy, Co-founder of Physician Tax Services, Kayse Kress, Director and Partner at Physician Wealth Services, and I talk about year end tax planning and financial planning to dos. Maybe you missed it? Join us as we revisit these topics. Be sure to join The Physician Philosopher's webinar on curbing burnout and discovering the life of your dreams before it closes on 11/3 here: www.financialresidency.com/tppwebinar Other...

Duration:00:39:46

Keep Motivated with Personal Fun Money

10/23/2020
Ed and Liz are doing a lot of great things by working on all of their financial goals at one time. That's actually pretty rare. While they're putting their money in the right places, it's easy to keep motivated by focusing on the things that excite them. See what Kayse and I notice as we walk through their financial health assessment. Dr. Jimmy Turner has an upcoming free webinar happening for our friends who find value in physician life coaching. If that's you, get on the list + learn more...

Duration:00:23:31

Ways to Lower Taxes with Donor Advised Funds and Charitable Giving

10/16/2020
Lincoln and Lidia make an incredible income. While they seem concerned with giving away their money to support others around them, they also want lower their tax liability. Is there a way to combine the to? And how does real estate play into this? This and more with Kayse and Ryan. Physician mortgage loans are highly sought after to get you the best home buying deals. Here's a list of our recommended lenders: www.financialresidency.com/homeloan

Duration:00:35:01

Savings and Real Estate Questions From Our Community

10/12/2020
For the entire month of October, we're doing something a little bit different. We're bringing your questions on air about the topics you tell us are important to you. Emergency funds, deferred spending, physician home loans, and the debt snowball method. And! If you have a question for yourself, call in here www.financialresidency.com/question to get it featured in an upcoming show. Check out these links mentioned in the show!Financial Planning: www.financialresidency.com/pws Insurance:...

Duration:00:31:08

Buy Your Boat and Reach Financial Independence At The Same Time

10/9/2020
Why is it important to align your financial resources to your goals? Because you want to enjoy your money now while also paying attention to your financial future. Join Kayse and I as we talk through this couple's goals while also sharing a few solid resources for saving, investing, and insurance. Check out: www.financialresidency.com/credible www.finacialresidencey.com/insurance

Duration:00:31:14

Early Career Finance Questions From Our Community

10/5/2020
All month, I'm answering listener questions from our community. If you have a question, I'd encourage you to go to www.financialresidency.com/question and get yours featured on air. If we miss you this round, don't worry. We're always looking for ways to get you the answers you need and could feature yours on future shows as independent segments.

Duration:00:33:04

Things That Will Positively Improve Your Net Worth

10/2/2020
Future spending, savings, replenishing your emergency fund, and pay yourself first all have one thing in common... they positively improve your net worth. Ryan and Kayse talk about how your money buckets should include these critical financial practices. Beyond the show, pick up a copy of the book to learn more about building wealth. Secure your copy here: www.financialresidency.com/book

Duration:00:33:20

The Doctor Podcast Network Big Reveal

9/28/2020
There's something super special happening for our audience and the physician audiences of several other podcasts. We've kept a tight lid on this one because with COVID, we weren't sure what the landscape looked like for other creators. I'm excited to reveal that Financial Residency, Dr. David Draghinas of Doctors Unbound, in addition to other shows like Private Practice Matters and The Physician's Guide to Doctoring are all coming together in a more powerful way! Check out this episode to...

Duration:00:23:57

Staying Organized Will Help You Track Your Cash Flow Easier

9/25/2020
Lily and Marshall are doing a great job with saving. There are a few variable expenses we'll highlight but ultimately wonder where this couple could take their investments. We suggest they take a look at these things to improve their financial situation.

Duration:00:28:53