150 episodes
Finance for Physicians Daniel Wrenne
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- Business
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4.8 • 37 Ratings
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As a doctor, you begin your professional career as a high-income earner. But many people don’t talk about the cost of this achievement.
As you know, medicine is a demanding field that requires a lengthy, expensive education and rigorous hours of training. When you spend that much time studying and working, you don’t have the time for side jobs to offset the cost, or the mental space to learn about anything else other than how to treat patients. This means most physicians, like you, end up having to take out huge loans to survive, without time to get a proper financial education. But by the time you start to earn income, you begin to feel trapped by “the system”.
You start to feel behind in life - forcing you to continue to sacrifice your quality of life and your patient quality of care starts to decrease. This leads to poor health, stressed relationships, and a propensity for burnout from a vocation you worked so hard to achieve.
We have a solution: we believe control of our finances leads to having control of our life. Welcome to “Finance for Physicians” a show where we teach and empower doctors, like you, to practice medicine the ways you always dreamed you would- free of financial worry to provide the best level of care for your patients, your family, and yourself.
Don’t believe that “burn-out is a necessary myth.” You don’t have to sacrifice your health, relationships, and your career to live the life you want. If you want to learn how to have better control of your finances and more control over your life, this show is for you!
“Finance for Physicians” is hosted by financial expert, Daniel Wrenne, of Wrenne Financial.
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Aligning Values With Your Work And Deciding To Practice Medicine Differently
We’re going into the vault again to bring back the stories of Drs. Diana Girnita, Anastasia Boyer, and Daniel Paull, to give you side-by-side examples of physicians deciding to take the leap into direct care.
Each of them had slightly different reasons to do it. They all agreed their patients needed better care. They all had to deal with a tricky financial (and social) transition.
Let’s rewind, reflect, and reignite our passion for transformative healthcare together. Tune in and get ready to be inspired all over again!
Transform your financial outlook today! Access our exclusive free resources for physicians and conquer financial stress. Access here.
P.S. We value your opinion! Share your thoughts and insights with us. Your feedback helps us improve and tailor our content to your needs. Click here to give us a piece of your mind.
Links
Connect with me on my LinkedIn
Contact Finance for Physicians
Finance for Physicians
To schedule a call with one of our awesome planners, book HERE. -
Making Medicine Work For YOU (Not The Other Way Around) - 2 Examples To Follow
You’re going to die after listening to this.
That’s a hard truth, but most of us don’t act that way. In this podcast, we talk to a couple of doctors that did.
And in doing so, found a way to align their passions with their paychecks. They found a way to love what they do.
So listen in as we talk to Doctors Jordan Grumet and Andy Berkowski whose brushes with death gave them the courage to take real action towards finding true fulfillment in their work.
Dr. Jordan Grummet was a hospice doctor when he realized too many people waited until it was too late to live the life they truly wanted to live. This set him on a path to live his own life that way. He got his finances in order, reduced his workload for anything that didn’t fill his bucket, started leaning into things he was passionate about, and eventually became a full-time author, podcaster, and speaker with a side of medicine, not the other way around.
Dr. Andy Berkowski was a sleep doctor working in a research facility when he had a brush with death himself, facing a serious cancer diagnosis. He too got his finances in order and took different opportunities in research until he figured out that starting a direct care practice was the thing that would bring him the most joy and create the most impact.
You’ll see some recurring themes in these stories once they gain clarity-Getting their finances in orderTaking iterative steps toward their passions
Finally, understanding they could make their medical careers be the thing that supports their passion, not the other way around. We hope by listening to this, we help you gain the clarity that proximity to death gave them. But don’t forget, you have limited time to act…. Enjoy!
Transform your financial outlook today! Access our exclusive free resources for physicians and conquer financial stress. Access here.
P.S. We value your opinion! Share your thoughts and insights with us. Your feedback helps us improve and tailor our content to your needs. Click here to give us a piece of your mind.
Links
Connect with me on my LinkedIn
Contact Finance for Physicians
Finance for Physicians
To schedule a call with one of our awesome planners, book HERE. -
Feeling Trapped? 3 Steps To Break The Golden Handcuffs Or Your Hospital Salary
In speaking to hundreds of doctors a month, it's obvious that many feel trapped by their hospital salary, and that can lead to burnout, but it doesn't need to be this way!That's why we went back into our past episodes to give you 3 examples of physicians like you who have broken free of the golden handcuffs put on them by hospitals.
You'll see that they each had 3 commonalities:
There was an "AHA!" moment when their priorities shifted. For these 3 physicians, it coincided with the birth of a child (not always the first), but for you, it's important to validate that it's ok when your priorities shift.
Needing to take action became apparent thanks to a 3rd party diagnosis. As a doctor, everyone counts on you to diagnose things for them, and it's ok to need that too. Whether it's a mentor, a good friend, a coach, or a financial advisor, find people who can give you perspective outside yourself.
No one got there with one step, but they all got started. You'll see each of these physicians took multiple steps that eventually got them the freedom they desired. What is most important was that they got started.
You'll hear from Dr. Mamta Kumar, Dr. Param Baladandapani, and Dr. Ronnie Shalev in this episode with a brief intro from Daniel in each one.
Transform your financial outlook today! Access our exclusive free resources for physicians and conquer financial stress. Access here.
P.S. We value your opinion! Share your thoughts and insights with us. Your feedback helps us improve and tailor our content to your needs. Click here to give us a piece of your mind.
Links
Connect with me on my LinkedIn
Contact Finance for Physicians
Finance for Physicians
To schedule a call with one of our awesome planners, book HERE. -
Feeling Trapped By Your Salary Because Of Monthly Expenses? Listen To This
It's completely normal to want to increase your spending as soon as you become an attending physician (you definitely earned it), but if your monthly expenses are forcing you to stay in a situation you don't like, it's a real problem.
The best way to free yourself from that burden is to live a little below your means until you find yourself in a sustainable situation.
That's why we put together this compilation of advice from other doctors who have done this.
You'll hear from Dr. Disha Spath, Dr. Caroling Clerisme, and Dr. Latifat Akintade in this episode with a brief intro from Daniel in each one.
Transform your financial outlook today! Access our exclusive free resources for physicians and conquer financial stress. Access here.
P.S. We value your opinion! Share your thoughts and insights with us. Your feedback helps us improve and tailor our content to your needs. Click here to give us a piece of your mind.
Links
Connect with me on my LinkedIn
Contact Finance for Physicians
Finance for Physicians
To schedule a call with one of our awesome planners, book HERE. -
Physician Home Loan Updates for 2024 with Richard Ricci
Join Daniel Wrenne in this episode of Finance for Physicians as he sits down with mortgage expert Richard Ricci. Together, they unravel key insights to guide physicians through the journey of buying their dream homes.
Discover the importance of a solid financial plan, the magic credit score number for optimal mortgage terms, and how timing can be the game-changer in your home-buying process.
Tune in for expert tips tailored to physicians, ensuring a smooth and confident transition into homeownership. Connect with Richard Ricci for personalized mortgage advice that aligns with your unique financial goals.
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The opinions, statements, and viewpoints expressed by Richard Ricci do not necessarily reflect the opinions of Truist. Truist is not responsible for and does not endorse any views expressed other than their own.
Links:
Richard Ricci - Mortgage Loan Officer, NMLSR # 659699
Richard Ricci on LinkedIn
Contact Finance for Physicians
Finance for Physicians
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Should You Switch Hospitals? Start Private Practice? Leave Medicine? - A DIY Exercise
Embark on a transformative journey with Daniel Wrenne, the trusted financial advisor dedicated to physicians' financial well-being. In this compelling episode of Finance for Physicians, Daniel unravels the art of intentional living through values-centric decision-making.
Clarifying Your Values: Daniel guides you through thought-provoking questions, helping you uncover and prioritize your core values. Understand why this step is pivotal in making informed decisions across both personal and financial aspects of your life.
Putting Values into Action: Explore practical strategies to translate identified values into actionable behaviors. Daniel shares insights on ranking values, crafting meaningful descriptions, and aligning financial choices with your deepest convictions. Witness the impact of values-driven decisions through a real-life client success story.
Key Takeaways:
- Gain clarity on the role of values in shaping a fulfilling life.
- Learn practical steps to prioritize and describe your core values.
- Understand the profound influence of values on financial decision-making.
- Be inspired by a client's journey to financial success through intentional living.
Tune in now for a holistic approach to financial well-being, where wealth aligns seamlessly with your most cherished values. Your journey to a purposeful and fulfilled life begins here!
Transform your financial outlook today! Access our exclusive free resources for physicians and conquer financial stress. Access here.
P.S. We value your opinion! Share your thoughts and insights with us. Your feedback helps us improve and tailor our content to your needs. Click here to give us a piece of your mind.
Links
Connect with me on my LinkedIn
Contact Finance for Physicians
Finance for Physicians
To schedule a call with one of our awesome planners, book HERE.
Customer Reviews
Wonderful Podcast
This is a wonderful podcast for physicians interested in improving their lives overall and especially their financial lives. I also feel it would be very applicable to other high income earners or high net worth individuals. The host is absolutely wonderful and engaging. The topics are also diverse and very applicable.
Great show!
Great topics around things I’m already thinking about!
Best finance podcast for young physicians
Radically relevant to the young doctor looking to use their finances to design their ideal life.
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