Doctor Money Matters-logo

Doctor Money Matters

Science Podcasts >

More Information

Episodes

Ep 50. Dividend Investing with Nick McCullum

6/13/2019
More
On this episode, my guest is Nick McCullum of SureDividend.com. We talk about dividend investing as a strategy. Everyone likes the idea of passive income and dividends are about as passive as it gets. Money comes in monthly, quarterly, or whatever frequency the company pays it out. Sure there are risks, but over the long term, dividend paying stocks have had lower volatility than the overall stock market. In this episode we go over the basic terminology (yield, growth rate, DRIPs, etc.)...

Duration:00:44:01

Ep 49. Dr. Disha MD -- The Frugal Physician

5/9/2019
More
On this episode, my guest is Dr. Disha of The Frugal Physician blog. We talked about her journey from being in debt to quickly paying off loans as a primary care physician despite a few financial setbacks. Obviously it is easier to payback loans in a dual high income couple but for many of my listeners, there is only one earner or one high income earner in the family, so we talk about how she did this. Disha is an internal medicine physician who caught the financial independence bug after a...

Duration:00:43:28

Ep. 48 -- Rick Ferri, CFA

4/25/2019
More
On this episode, my guest is Rick Ferri, CFA, a well known advocate of index fund investing. Passive investing (just using ETFs does not mean passive investing)What to do before you do portfolio constructionAccumulation of assets (savings rate first and then portfolio optimization)Living below your meansAccumulating knowledgePortfolio constructionThe stages of investor education (Core4)DarknessenlightenmentComplexitySimplicity We go over some common scenarios about how to invest and Rick...

Duration:00:54:54

Ep. 47 Ryan Inman, CFP

4/8/2019
More
This is a special episode of the Doctor Money Matters podcast. I am doing a cohosted joint podcast with Ryan Inman of the Financial Residency podcast. In this episode we interview each other. Ryan is a CFP who runs his own financial planning firm catering to physicians. His wife is a physician as well so he really understands the issues that physician families face. In this episode we talk about: The FIRE Movement for physiciansCommon issues facing early and mid career physiciansWhy the...

Duration:00:47:18

Ep 46. Sarah Fallaw PhD -- The Next Millionaire Next Door

2/21/2019
More
My guest on this podcast is Sarah Fallaw, PhD author of the new book. The Next Millionaire Next Door. This is a follow up to the blockbuster book that her father wrote, The Millionaire Next Door. Sarah and her father worked on the follow up together, but he passed away prior to the release. That book was a big inspiration for me to get my financial house in order. Sarah is an industrial psychologist who runs the firm Data Points where she now studies behavioral finance and the ability for...

Duration:00:35:28

Ep 45. Disability Insurance part 2(Q & A with a broker and lawyer)

2/14/2019
More
This is part 2 of the podcast are Ed Comitz and Stephanie Tsang. Ed is an attorney in AZ who specializes in disability insurance lawsuits. Stephanie is a broker who deals with who deals with disability insurance. Ep 44 is part 1, which you should listen to first if you have not done so yet. We talk about the basic information needed for physicians regarding disability insurance. We clear up some of the misconceptions. We discuss individual policies, association policies, and employer...

Duration:00:37:27

Ep. 44 Disability Insurance (Q&A with a disability lawyer and broker)

2/13/2019
More
My guests on this podcast are Ed Comitz and Stephanie Tsang. Ed is an attorney in AZ who specializes in disability insurance lawsuits. Stephanie is a broker who deals with who deals with disability insurance. We talk about the basic information needed for physicians regarding disability insurance. We clear up some of the misconceptions. We discuss individual policies, association policies, and employer policies and which ones are generally better for you the physician. There are definite...

Duration:00:29:09

Ep 43. Crushing student loan debt with Drs Renee and Nii Darko

1/31/2019
More
My guests on this podcast are Drs Nii and Renee Darko who paid back significant educational loans nearing nearly $670k over a 3 year period in order to take back control of their financial futures. Nii is a trauma surgeon and Rene is a Ob/Gyn and they worked very hard to pay down this debt. We talk about how they acquired so much debt. What was the moment they realized that this debt was out of control and how they changed their life to pay down this debt. They also talk about their...

Duration:00:50:26

2019 Goals

1/21/2019
More
Im back. Sorry for the long gap between the last episodes and this one. Holidays and an extremely busy work schedule limited my ability to work on the podcast. I have a series of episodes ready to go and am excited to get back to it. While finance and money are the main topics, I would also like to continue to address other issues that impact health care professionals including the burnout epidemic that has become a major topic amongst all of us. My last episodes on private equity in...

Duration:00:09:10

Ep 42. Kurt Schoppe, MD (part 2) Private Equity buying medical groups. What's the deal?

10/31/2018
More
Part 2. Private Equity buying medical groups -- What’s the deal? Ep 42 is part 2 (Ep 41 is part 1) of the episode talking about private equity buying medical groups. There is an increasing amount of private equity purchasing/partnering of medical practices in the US. We are seeing in in a variety of fields such as radiology, anesthesiology, emergency medicine, dermatology, just to name a few. I wanted to explore why this is happening. My guest on this episode is Kurt Schoppe, MD a...

Duration:00:29:18

Ep 41. Kurt Schoppe, MD -- Private equity buying medical groups. What's the deal? (Part 1)

10/30/2018
More
Welcome to the Doctor Money Matters Podcast. This is a podcast about financial topics related to the healthcare professional. I am your host Dr. Tarang Patel, a diagnostic radiologist in Arizona. The topic on this episode is the increasing amount of private equity purchasing/partnering of medical practices in the US. We are seeing in in a variety of fields such as radiology, anesthesiology, emergency medicine, dermatology, just to name a few. I wanted to explore why this is happening. My...

Duration:00:37:26

Ep. 40. Leslie Kane, MA -- Medscape Physician Salary and Net Worth Surveys.

10/18/2018
More
The 2018 Medscape Salary and Wealth/Net Worth Survey Your income is the biggest contributor to your overall financial health for most people. As physicians we don’t always know what we are worth. It is important to look at the market data. My guest on this podcast is Lesley Kane of Medscape business of medicine who is in charge of the annual physician salary and net worth surveys. We talk about trends in physician salaries. What are the highest paid fields? We look into primary care vs...

Duration:00:44:08

Ep 39. Robert Felberg, MD -- Negotiation skills for Physicians

9/28/2018
More
Negotiation for MDs How are your negotiation skills? Do you love bargaining or do you cringe at the thought of trying to make a deal. Negotiation is a critical tool in our careers and can literally make or break our financial and professional futures. My guest Robert Felberg, MD talks about important topics in negotiation as they relate to physicians. What is a matrix? What are the models of negotiation What can you do to improve your negotiation skills? This episode is vital for early...

Duration:00:45:55

Ep 38. Doc G (part 2) Getting to 5X income as an internist in a competitive market

9/13/2018
More
Doc G This is a 2 part episode, so make sure you also listened to episode 37 (part 1) first How did this internal medicine physician achieve a high net worth ($6M) at a young age? How was he able to 5X his income from the time he started practicing to now as a primary care physician in a large metro area? Many physicians are resigned to the work, work, work mentality but don’t have a plan to increase their professional income. Investing is great and passive income is fantastic, but why not...

Duration:00:26:06

Ep. 37 Doc G -- Getting to 5X income as a primary care physician (part 1)

9/12/2018
More
Ep 37 This is a 2 part episode, so make sure you listen to episode 38 (part 2) How did this internal medicine physician achieve a high net worth ($6M) at a young age? How was he able to 5X his income from the time he started practicing to now as a primary care physician in a large metro area? Many physicians are resigned to the work, work, work mentality but don’t have a plan to increase their professional income. Investing is great and passive income is fantastic, but why not get paid...

Duration:00:34:19

Ep. 36 Westby Fisher, MD -- MOC? More like WTF (part 2)

8/22/2018
More
WTF is up MOC? (Part 2) If you have not listened to part 1, please do so first. (Ep 35) How many of you listening write checks to your specialty board for the privilege of Maintenance of Certification? I will pay over $3k over a 10 yr period plus a ton of paperwork to my board so they can sign off on my certification. Most of you listeners do so as well. We do this because its just another of the burdensome regulations that physicians have to do to maintain licensure and certification and...

Duration:00:35:13

Ep 35. Westby Fisher, MD -- WTF is up with MOC (part 1)

8/21/2018
More
WTF is up MOC? How many of you listening write checks to your specialty board for the privilege of Maintenance of Certification? I will pay over $3k over a 10 yr period plus a ton of paperwork to my board so they can sign off on my certification. Most of you listeners do so as well. We do this because its just another of the burdensome regulations that physicians have to do to maintain licensure and certification and also most insurance companies expect it in order for us to bill our...

Duration:00:31:20

Doctor Money Matters -- random thoughts

7/18/2018
More
Congrats to new residents. It’s great to see your enthusiasm and brings back energy to everyone of us. We all remember the feelings of panic we had during our first days as actual doctors. Even when you talk to grizzled old attendings, if you are nice and enthusiastic, they will teach you.I have taken a hiatus from the podcast this month. We took a family road trip in upstate new york. Beautiful and underrated area. If you have not seen niagara falls or the thousand islands, I suggest you...

Duration:00:06:21

Episode 34. Quynh-Lan Nguyen, MD -- Credit card hacking

6/25/2018
More
On this episode, I interviewed Dr. Quynh Lan Nguyen, a traveling hospitalist and blogger about how she and her husband have turned credit card hacking into a lifestyle that allows them to travel around the world. We talk about her strategies and recommendations and whether its still possible to do this today. We also talk about her interest in the FIRE movement and how she and her investment banker husband both want to enjoy their life sooner rather than later. I myself was using credit...

Duration:00:28:53

Ep 33. Amy Shah, MD -- Creating a successful side gig

6/13/2018
More
Welcome to another Doctor Money Matters episode. In this episode I talk with Dr. Amy Shah, an allergy specialist and good friend who turned her passion for nutrition and health into a few solid side gigs. Before I introduce Amy, I would like to talk a bit about why so many doctors are looking for side gigs. It seems crazy that people would undergo 11-17 years of post high school training and then want to look for an additional job after they worked so hard to achieve the primary one. It...

Duration:00:41:34