The Medicine and Money Show

J. Ryan Smolarz, M.D., M.B.A.

A podcast for high-performing doctors who want to escape financial dependency and build lasting wealth. Join Dr. Joseph Ryan Smolarz as he shares practical strategies for shifting from consumer to investor, without needing a finance degree. 

  1. APR 23

    Think Like an Investor: The Strategy Doctors Need to Escape Income Caps and Build Wealth

    Send us Fan Mail What actually separates investors who consistently build wealth from those who stay stuck earning a high income—but never achieve true financial freedom? In this episode of The Medicine and Money Show, I sit down with multidisciplinary investor, attorney, and software engineer David Awad to break down the real principles behind value investing—and why mindset matters more than tactics.  We explore how physicians can transition from thinking like employees to thinking like capital allocators, and why that shift is the foundation for long-term wealth. David explains investing as more than numbers—it’s a reflection of how you see the world, where value is created, and how capital moves markets.  We also dive into the reality facing doctors today: declining purchasing power, limited pricing control, and the necessity of investing to offset those constraints. From inflation and market inefficiencies to identifying “wonderful businesses” with pricing power, this conversation gives a clear framework for building wealth outside of medicine.  Along the way, we connect value investing to broader themes—entrepreneurship, AI, and the intersection of code, capital, and law—showing how modern investors can position themselves ahead of major shifts in the economy.  At its core, this episode is about one thing: if you learn how to think like an investor, you can take control of your financial future—regardless of your profession. Topics Covered: • Value investing fundamentals (buying great businesses at the right price)  • The mindset shift from physician to investor  • Pricing power, inflation, and protecting purchasing power  • How markets actually work (and where inefficiencies exist)  • Entrepreneurship and solving real-world problems for profit  • Code, capital, and law in modern investing  • AI, automation, and the future of capital allocation This episode is for physicians, investors, and high-income professionals who want to move beyond trading time for money—and start building scalable, lasting wealth.

    1 hr
  2. APR 9

    U.S. Immigration for Doctors & Professionals: How to Move, Build Wealth, and Win the American Dream (AI, Investing & Strategy)

    Send us Fan Mail What does it really take to move your life—and your future—across borders in pursuit of opportunity, freedom, and the American dream? In this episode of The Medicine and Money Show, I sit down with immigration attorney Hillary Walsh to unpack the realities behind coming to the United States—not just from a legal standpoint, but from a financial, strategic, and mindset perspective. Hillary and I break down the different pathways available for professionals—especially physicians—and why taking control of your own immigration process can be one of the most powerful decisions you make. We talk about self-petitioning, employer-sponsored options, and how high-level professionals can position themselves to create opportunity instead of waiting for permission. This conversation goes beyond paperwork. We get into what actually happens when someone uproots their life—setting up bank accounts, navigating taxes, integrating into a new system, and dealing with the chaos that comes before stability. Hillary shares why having the right connections and even concierge-level support can dramatically change the outcome of that transition. We also explore the deeper parallels between immigration, entrepreneurship, and investing. The same traits that allow someone to successfully move across the world—resilience, adaptability, and long-term thinking—are the exact traits that create successful entrepreneurs and investors. I share how these themes show up in my own world—from building businesses to integrating AI into my medical practice—and how technology is reshaping both healthcare and legal industries. Hillary also breaks down how her firm is leveraging tools like ChatGPT, Claude, and Gemini to improve client experience, streamline workflows, and stay on the cutting edge. We go even deeper into strategy—discussing global citizenship, second passports, and how some individuals are effectively “buying time” by leveraging alternative countries to bypass long immigration backlogs. At its core, this episode highlights a powerful idea: building a life—whether through immigration, business, or investing—is a strategic process. And the people who win are the ones who take ownership, build a plan, and stay resilient through the uncertainty. Topics Covered: • Immigration pathways for physicians and high-level professionals  • Self-petition vs. employer-sponsored visas  • The real logistics of relocating to the U.S.  • Financial setup: banking, taxes, and infrastructure  • Why networking and “connectors” accelerate success  • Cultural adaptation and the 6-month adjustment reality  • Immigration as a parallel to entrepreneurship  • Resilience, risk tolerance, and long-term thinking  • How AI is transforming legal and medical workflows  • Tools like ChatGPT, Claude, and Gemini in modern businesses  • Second passports and global mobility strategies  • Why planning your life like a business changes everything This episode is for physicians, professionals, and entrepreneurs who are thinking bigger—about where they live, how they work, and how they build a life with intention and leverage. Learn More:  Visit MedMoneyShow.com for insights on investing, entrepreneurship, and building financial independence.

    47 min
  3. APR 2

    AI Is About to Replace Software (And Create Million-Dollar Solo Businesses)

    Send us Fan Mail What happens when artificial intelligence stops being a tool—and starts becoming the engine behind how we think, operate, and build businesses? In this episode of The Medicine and Money Show, I sit down with Len Ward, founder and managing partner of Comexus, to break down one of the biggest shifts happening right now: the move from a “search and retrieve” world to a “solve my problem” world powered by AI. Len and I dive into how AI is transforming marketing, operations, and decision-making—and why the people who don’t adapt their mindset are going to get left behind. We talk about what it actually means to unlock your data, layer AI on top of it, and start interacting with your business like it’s a 25-year employee who knows everything. I also share how we’re implementing these exact strategies inside my own practice—using AI to automate workflows, reduce friction, and allow me to step into more of an editor and decision-maker role instead of being buried in tasks. We go deep on where this is all heading: the end of traditional software, the rise of one- and two-person companies doing millions in revenue, and why this moment is one of the biggest opportunities I’ve seen for entrepreneurs. For physicians, this conversation hits home. We talk about the gap between clinical training and business literacy, why not understanding your numbers is a liability, and how ego can quietly hold you back from leveling up. At its core, this episode reinforces something I strongly believe: AI isn’t just changing how we work—it’s changing who wins. Topics Covered: • The shift from “search and retrieve” to “solve my problem”  • How AI is changing marketing and customer expectations  • Unlocking your data and using AI to make better decisions  • Why traditional software is becoming obsolete  • The rise of one- and two-person million-dollar businesses  • How I’m using AI inside my medical practice  • Why physicians must understand P&L and balance sheets  • Ego, mindset, and making the shift into business and investing  • The role of human oversight in an AI-driven world  • Where agents and automation are headed next This episode is for physicians, entrepreneurs, and anyone who wants to stay ahead of what’s coming—while building systems that create leverage, efficiency, and ultimately, freedom. Learn More: Visit MedMoneyShow.com for insights on investing, entrepreneurship, and building financial independence.

    52 min
  4. MAR 31

    The Power of Behavioral Finance in Investing

    Send us Fan Mail What separates investors who build lasting wealth from those who get derailed by market swings—and how can discipline shape outcomes over decades? In this episode of The Medicine and Money Show, Ryan Smolarz sits down with Brian Pultro, a financial advisor with a military background, to break down the role of discipline, behavioral finance, and long-term thinking in investing. Brian shares how the mindset forged in the military translates directly to navigating uncertainty in the markets—and why emotional control often matters more than strategy. The conversation explores how investors should think about market downturns—not as threats, but as expected and necessary parts of the cycle. Brian emphasizes the importance of preparing clients psychologically for volatility, helping them stay the course when it matters most. He also explains how simplifying complex financial concepts—like dividends and compounding—can empower individuals to make better decisions and stay engaged with their financial future. They dive into risk management, the influence of political and economic shifts on markets, and why a multidisciplinary approach to financial health is essential. A key theme throughout is education—both for clients today and for the next generation—so that financial literacy becomes a foundation, not an afterthought. At its core, this episode reinforces a simple truth: success in investing isn’t about predicting the market—it’s about controlling your behavior within it. Topics Covered: • How military discipline translates into investing success • Why behavioral finance drives long-term outcomes • Reframing market downturns as opportunities, not threats • The importance of emotional control during volatility • Simplifying investing concepts like dividends and compounding • Risk management and navigating political/economic uncertainty • Teaching financial principles to the next generation • Building a long-term, disciplined investment strategy • Why education is the foundation of financial success • Practical ways to stay consistent through market cycles This episode is for physicians, investors, and professionals who want to build wealth with clarity, discipline, and a long-term perspective—without being thrown off course by short-term noise. Learn More: Visit MedMoneyShow.com for insights on investing, entrepreneurship, and building financial independence.

    50 min
  5. MAR 24

    Living Beyond Pain - Unlocking the Power of Your ECS

    Send us Fan Mail Unlocking the Power of Your Endocannabinoid System with Debbie Wimberley | The Medicine and Money Show In this episode of 'Back to the Medicine and Money Show,' Dr. Ryan Smolar interviews Debbie Wimberley, an advocate for healthcare education and the use of cannabinoid therapies. Debbie shares her personal story of overcoming chronic pain and improving her health by engaging with the endocannabinoid system (ECS). She discusses the importance of educating both the public and medical professionals about the ECS, its role in the body, and the benefits of cannabinoid therapies. Debbie also provides resources for those interested in learning more, including her monthly Effective Cannabis newsletter. Tune in to learn how understanding and regulating your ECS can transform your quality of life. 00:00 Living Beyond Pain: Unlocking the Power of Your ECS 00:24 Introduction and Guest Welcome 00:24 Introduction and Guest Welcome 01:02 Debbie Wimberley's Mission and Work 01:02 Understanding the Endocannabinoid System 02:00 Cannabis Newsletter and Its Audience 02:51 Understanding the Endocannabinoid System (ECS) 03:39 Listening to Your Body's Signals 03:57 Listening to Your Body's Signals 04:47 Cannabinoid Therapies for Pain Management 05:20 Steps to Regulate the ECS 05:20 Steps to Regulate the Endocannabinoid System 06:36 Debbie's Personal Journey with ECS 06:44 Debbie's Personal Journey with Chronic Pain 07:35 Resources for Chronic Pain Management 07:45 Resources and Support for ECS Education 13:17 Cannabinoid Therapies for Sleep Issues 17:26 Advocacy and Education 18:00 Challenges and Advocacy in Cannabis Education 22:16 Legal and Access Issues 22:16 Challenges and Legal Issues 26:05 The Importance of Education and Advocacy 29:49 Debbie's Transformative Experience 33:17 Closing Thoughts and Resources 33:17 Conclusion and Final Thoughts

    43 min

About

A podcast for high-performing doctors who want to escape financial dependency and build lasting wealth. Join Dr. Joseph Ryan Smolarz as he shares practical strategies for shifting from consumer to investor, without needing a finance degree.