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In this episode, James Nutter explores the concept of time versus money and how it relates to physicians' lives. He discusses the common belief that time is money and how physicians often equate more time worked with more money earned. 
However, he also highlights the negative consequences of this mindset, such as burnout and a lack of work-life balance. James encourages physicians to reflect on how they are spending their time and to consider whether they can delegate tasks that don't bring them joy or hire a capable team to help them complete their mission in life.
He emphasizes the importance of valuing time as the most precious resource and using money to buy back time and create a more fulfilling life.
Timestamp
Summary
0:00:04
Introduction and Will Smith quote
0:01:13
The correlation between time, money, and burnout
0:02:34
The surplus of time and money as an attending physician
0:03:48
The value of time and conducting a calendar audit
0:05:37
Investing resources for high leverage on time
0:07:01
The art of delegation and buying back time
0:08:49
Examples of areas to delegate and hire help
0:10:52
Self-assessment questions and fear of delegation
0:11:44
Evaluating income requirements and working hours
0:12:13
Conclusion and closing remarks

 

Jon from Contract Diagnostics discusses the disparity in contract offers for physicians within the same organization but different divisions.
He emphasizes the importance of clarifying decision-making processes and reasons behind rejections when negotiating compensation. Jon advises physicians to seek multiple offers, understand policies, and persist in negotiations to achieve favorable outcomes. 
He highlights Contract Diagnostics' role in providing data-driven guidance and support throughout the negotiation process.
Jon invites individuals to contact Contract Diagnostics through phone, chat, or email for personalized assistance, visit www.ContractDiagnostics.com

Jon from Contract Diagnostics discusses the FDA's evolving role in regulating AI in healthcare. As AI-powered medical devices become more prevalent, the FDA must adapt its processes to ensure safety and efficacy.
Jon highlights the potential impact of AI on physician workflows and suggests that employers will need to update policies accordingly. He emphasizes the importance of staying informed about AI advancements and encourages annual policy reviews. 
Jon is optimistic about AI's potential to enhance productivity in healthcare and invites further discussion on the topic.
Jon invites individuals to contact Contract Diagnostics through phone, chat, or email for personalized assistance, visit www.ContractDiagnostics.com

Dr. Bernard has literally written the book on physician wellness and shares her insights to help us find our love of medicine again while maintaining our own happiness and well-being. She advocates for physicians to have autonomy and control the things they can in their practice.
She offers simple tips for running an efficient practice and setting limits on the time you allocate for work so that you have more time for yourself. She also promotes motivational interviewing to help patients become true partners in decision making and goal setting, which leads to more successful outcomes.
You can learn more about Dr. Bernard, listen to her podcast or discover the books she has written at www.RebekahBernard.com.

In this episode of the "Life Well Lived: A Physician's Guide to Wealth" podcast, host James Nutter discusses the importance of taking extreme ownership and full responsibility for one's life. He shares his personal journey of blaming others for his circumstances and how he learned to take control and liberate himself. James emphasizes that blaming external factors such as the government, the economy, or other people only hinders personal growth and financial success. He encourages listeners to reflect on their own lives and assess whether they are taking full responsibility for their outcomes. James provides examples of individuals who have overcome adversity and achieved great success by taking ownership of their lives. He also introduces the formula "e + r = o" (experience + reaction = outcome) to illustrate the power of choosing how to respond to life's challenges. By taking responsibility and responding positively, individuals can create the outcomes they desire.
Timestamp
Summary
0:00:03
Introduction and the importance of taking full responsibility
0:01:04
How taking responsibility relates to money and personal circumstances
0:03:21
The importance of choosing how to respond to unforeseen events
0:04:13
Personal examples of successful individuals who took responsibility
0:07:21
Formula for taking responsibility: experience + reaction = outcome
0:09:22
The speaker's personal journey and the importance of taking control
0:10:49
Action item: self-assessment questions to promote positive change

Do you take full 100% responsibility for all your outcomes in life? At the end of the day, taking control of our lives is perhaps the most important choice we can make. The result? Full freedom and liberation to know that all of your outcomes, where you are, and most importantly where you choose to go now are 100% your responsibility
Trying to qualify for PSLF and unsure if you’re on track? Get James’s 100% Public Service Loan Forgiveness Checklist and Masterdashboard. Go to https://info.imwealth.com/pslf to learn more. 

Have you ever taken time to review your contract and negotiate terms that are favorable to both you and the team? Just like a pro athlete negotiates for the most favorable contract, you as a superstar physician can to. Every time you renew your contract, you have a chance to get a better deal, especially your 2nd contract as an attending after you’ve proven yourself as an invaluable asset to the team. In today’s episode, we are joined by Health Law Attorney Spencer Licktieg. You deserve to have the right tools and skills to get an equitable contract that aligns with your lifestyle, and indispensable contributions. Tune in to learn how.
To connect with Spencer for a free consult, visit https://shrr.com/our-people/spencer-k-lickteig/
Advisory services offered through Commonwealth Financial Network®, a Registered Investment Adviser.
This recording is for the exclusive use by Financial Residency Podcast and used solely as an educational tool for the limited podcast interview by Spencer Lickteig on April 19, 2024 and any recorded replays of that presentation.  This commentary was not provided with any intent for actual use by individuals or entities and does not reflect the legal opinions or advisement of Spencer Lickteig or Smith, Haughey, Rice, and Roegge.  The information presented in this podcast itself does not, and is not intended to, constitute legal advice.  Instead, all information and content are for the limited informational purposes only.  The receipt or listening of this information does not create an attorney-client relationship, nor does it represent any intention of seeking or providing legal counsel.  No user or listener should act or refrain from acting based on the information provided in this document or presentation without first seeking legal or professional advice from counsel in the relevant jurisdiction.  This presentation does not represent the practice of law pursuant to state licensing authorities.  This interview audio shall not be reproduced by any parties without the express consent of Spencer Lickteig and Smith, Haughey, Rice, and Roegge.