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

10/31/2018
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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

Ep 32. Jason Mizell, MD -- Teaching medical students about finances

6/7/2018
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Episode 32 Jason Mizell, MD First I would like to thank you all for continuing to listen to the podcast and also for those of you who have joined the Doctor Money Matters facebook group. Group has grown by nearly 50% last month and the discussions have been spirited. Please continue to add your physician and medical professional colleagues so they can join in the conversation. Some of the popular topics recently have been determining your retirement number and Dr. Meru, an orthodontist in...

Duration:00:35:11

Ep 31. Ike Devji Part 2 -- Assorted legal questions

6/1/2018
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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. Our guest on this episode is Ike Devji, JD an attorney in Phoenix, AZ. Ike is our first returning guest. He previously discussed asset protection on episode 3 which remains one our more popular episodes. Today we will be talking about estate planning on part 1 and an update to asset protection on...

Duration:00:25:01

Ep 30. Ike Devji part 1-- Basics of estate planning

6/1/2018
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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. Our guest on this episode is Ike Devji, JD an attorney in Phoenix, AZ. Ike is our first returning guest. He previously discussed asset protection on episode 3 which remains one our more popular episodes. Today we will be talking about estate planning on part 1 and an update to asset protection on...

Duration:00:43:28

William Bernstein, MD -- Lessons from an investment guru

5/14/2018
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Episode 29. On this episode, I interviewed a physician investing legend, Dr. William Bernstein. He is a neurologist turned financial author and investment advisor. Now most of us will not be able to reach the asset threshold need for him to manage our money, but the good news is we don’t have to. He provides great advice for the rest of us also. I have admired Dr. Bernstein’s approach to investing for many years and want to acknowledge him as one of the pioneers of index investing. His...

Duration:00:47:45

Ep 28. Esaias (Kayee) Tong -- Managing medical school and cryptocurrencies

5/3/2018
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Episode 28 Doctor Money Matters. Welcome to another Doctor Money Matters episode. In this episode I talk with Esaias (Kayee) Tong, a medical student in TX who is a cryptocurrency expert and recently wrote a post on passiveincomemd about paying for medical school and college with profits from cryptocurrencies. I have mentioned my thoughts about bitcoin previously but let me reiterate that I don’t feel like its an investment rather a speculation. I am not an investment professional, and this...

Duration:00:35:27

Episode 27. Drs Nisha Mehta and Parag Butala -- Achieving Balance in a Dual Physician Household

4/25/2018
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Welcome to another Doctor Money Matters episode. This episode is about striving for work life balance within the context of a dual physician couple. I talk with a physician couple, Drs. Nisha Mehta and Parag Butala from Charlotte, NC. They are both specialists in demanding fields (Nisha is a radiologist and Parag is a plastic surgeon). In this episode we discuss: How they balance their professional goals between 2 high achieversWhat did each of them give up and how did they structure the...

Duration:00:58:30

Episode 26. David Anderson, DO and Victor Mangona, MD

4/12/2018
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Episode 26 Doctor Money Matters. This is the second part of the Episode 25 podcast. Welcome to another Doctor Money Matters episode. This is a double episode with guests in 2 separate locations in Texas. I split the conversation into 2 separate episodes (25 and 26) so please make sure you listen to both. I interviewed David Anderson, DO and Victor Mangona, MD, 2 of the most detailed oriented and helpful members of the various physician finance facebook groups including the Doctor Money...

Duration:00:48:19

Episode 25. Victor Mangona, MD and David Anderson, DO

4/10/2018
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Episode 25 Doctor Money Matters. Welcome to another Doctor Money Matters episode. This is a double episode with guests in 2 separate locations in Texas. I split the conversation into 2 separate episodes (25 and 26) so please make sure you listen to both. I interviewed David Anderson, DO and Victor Mangona, MD, 2 of the most detailed oriented and helpful members of the various physician finance facebook groups including the Doctor Money Matters group. There was a little technical issue with...

Duration:00:46:18

Episode 24. Physician on Fire, MD -- Achieving Financial Independence

4/4/2018
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Welcome to another Doctor Money Matters episode. This is a great episode. I got to interview one of the superheroes of physicians and finance, the Physician on Fire, the anonymous anesthesiologist who started the very popular financial blog by the same name. In this episode we talk about how he decided to go down the FIRE (financial independence, retire early) path, his plans now that he has reached FI (financial independence), and his advice for those who are interested in following this...

Duration:00:50:14