891 episodes
Financial Residency Financial Residency Network
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- Business
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.
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Grand Rounds - Spouse/partner happiness ties into our own job satisfaction
This episode is brought to you by Equity Multiple. Dedicated to assisting physicians in simplifying their investment journey, Equity Multiple enables passive investment in vetted, professionally managed commercial real estate. Learn more at www.equitymultiple.com.
Elizabeth Landry founded The Med Commons to help physician spouses and partners navigate life in the world of medicine. It can be lonely and isolating at times. Nonmedical friends may not understand the burdens placed on the partner who is trying to hold the family together when the physician partner is working 80 hours per week. They may think the physician family is so lucky when really they are saddled with $350,000 in debt and are juggling money to pay bills during residency.
Elizabeth is trying to bring physician families together so they have community. She is working with residency programs to incorporate physician spouse/partner programs into their wellness programs as family happiness equates to physician happiness, which can help with overall satisfaction, recruiting and retention.
She even has a friending app to help people find others within 50 miles who may understand and be navigating a similar pathway so they can connect. You can learn more at www.TheMedCommons.com. You can also find them on Instagram. -
Grand Rounds - The Value of Your Time
This episode is brought to you by Equity Multiple. Dedicated to assisting physicians in simplifying their investment journey, Equity Multiple enables passive investment in vetted, professionally managed commercial real estate. Learn more at www.equitymultiple.com.
We all know it's important to save for our future, but what about today? It is equally important to live our lives in the here and now. As physicians, our time is precious.
This episode is to remind you that it is OK to buy back some time so you can enjoy those people you love, recover from a hard week at work or whatever it is that brings you joy. -
Mortgage Minute - Rate Locks: Understanding the Two-Way Commitment
This episode is brought to you by Equity Multiple. Dedicated to assisting physicians in simplifying their investment journey, Equity Multiple enables passive investment in vetted, professionally managed commercial real estate. Learn more at www.equitymultiple.com.
Join Doug Crouse as he discusses the intricacies of rate locks. Most lenders don't offer a lock and shop, meaning your pre-approval comes with a floating interest rate placeholder. The first opportunity to lock your rate is when you provide a purchase contract with a close date.
Exceeding this rate lock can become costly, so it's crucial to consider the duration carefully. Particularly in new construction, where delays are common, padding your rate lock can save you money.
Rate locks are a two-way commitment between you and the lender, so understanding the balance between interest rates and closing costs is essential. Join me as we explore these topics and help you make informed decisions about locking your mortgage rate.
If you have questions, Doug is available at DougCrouse.com -
A Physician’s Guide to Wealth - 4 Questions to Help You Navigate Your Wealth Journey
This episode is brought to you by Equity Multiple. Dedicated to assisting physicians in simplifying their investment journey, Equity Multiple enables passive investment in vetted, professionally managed commercial real estate. Learn more at www.equitymultiple.com.
James Nutter dives into whether you need a financial advisor by introducing a four-step "value equation" inspired by Alex Hermozi. James emphasizes the importance of assessing your dream financial outcomes, your confidence in achieving them alone, the efforts and sacrifices required, and the time it might take. By reflecting on these aspects, you'll gain clarity on whether professional financial help is right for you.
The episode also touches on the benefits of having specialized coaches for various aspects of life such as fitness and nutrition, comparing self-managed approaches to professional guidance.
If you have any feedback or topics you would like covered, please email James at james@iamwealth.com
Advisory services offered through Commonwealth Financial Network®, a Registered Investment Adviser. -
Coffee & Contracts - How Often Does the Employer Change Compensation Structures?
This episode is brought to you by Equity Multiple. Dedicated to assisting physicians in simplifying their investment journey, Equity Multiple enables passive investment in vetted, professionally managed commercial real estate. Learn more at www.equitymultiple.com.
Join Jon as he dives into the nuances of employer compensation structures and the importance of understanding when and how these changes occur. Learn how to proactively engage in compensation discussions, leverage the latest MGMA data, and craft a compelling case for your value.
Whether you’re negotiating a new contract or preparing for an upcoming review, this episode provides essential insights for maximizing your compensation package.
Jon invites individuals to contact Contract Diagnostics through phone, chat, or email for personalized assistance, visit www.ContractDiagnostics.com -
Mortgage Minute - Understanding Earnest Money Risks: A Must for Homebuyers
This episode is brought to you by Equity Multiple. Dedicated to assisting physicians in simplifying their investment journey, Equity Multiple enables passive investment in vetted, professionally managed commercial real estate. Learn more at www.equitymultiple.com.
In this episode of the Mortgage Minute, host Doug Crouse discusses crucial aspects of real estate contracts that can jeopardize your down payment, with a focus on earnest money. Learn why earnest money isn't always refundable and the risks involved in waiving loan contingencies.
Doug provides essential tips to protect your earnest money and navigate the home-buying process more securely. Tune in to ensure you're making informed decisions when buying a home.
If you have questions, Doug is available at DougCrouse.com