150 episodes
Finance for Physicians Daniel Wrenne
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- Business
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4.8 • 36 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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Regain Autonomy And Improve Care With Private Practice Medicine with Dr. Marcelo Hochman
Join Daniel Wrenne as he sits down with Dr. Marcelo Hochman, the founder of South Carolina's esteemed Facial Surgery Center, double Board-certified facial plastic and reconstructive surgeon, and President of Independent Doctors of South Carolina (IndeDocs).
In this engaging episode, they delve into the intricate landscape of medical careers, exploring the choices between private practice and employment, and the critical role of financial planning.
Dr. Hochman, also Past President of the Charleston County Medical Society and a provider of pro-bono care to children with vascular anomalies, shares profound insights on challenges faced during medical training, the importance of exposure to diverse career paths, and the impact of financial considerations on career choices.
The conversation extends to satisfaction levels among independent practice physicians versus employed physicians, with age-related variations adding an intriguing dimension.
Discover valuable advice, personal experiences, and resources for medical students, residents, and practicing professionals seeking to make informed decisions about their careers. Explore the mission of IndieDocs and the importance of preparing the medical pipeline for the future.
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
You can find Dr. Hochman here:
The Facial Surgery Center
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Contact Finance for Physicians -
Review Your Tax Return Like A Pro with Daniel Wrenne
Join Daniel Wrenne, your go-to financial advisor for physicians, as he navigates the nuances of tax season in this episode of Finance for Physicians. Daniel breaks down the essential steps for physicians to review their tax returns effectively.
In this insightful discussion, Daniel covers crucial topics, including spotting common errors like missing dependents and ensuring accuracy in income reporting, especially for those with multiple W-2s. Gain valuable tips on optimizing dividend portfolios, understanding IRA distributions, and navigating the complexities of capital gains and losses.
Whether you've already filed your taxes or are gearing up to do so, Daniel provides actionable insights to empower physicians in taking control of their financial well-being. Don't miss this opportunity to master the art of decoding your finances and ensuring a secure financial future.
Tune in now for a comprehensive guide to decoding your tax return!
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.
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The Best Investment You're Likely Missing Out On with Daniel Wrenne
Are you making the best investment in your life? In this insightful episode of Finance for Physicians, your host Daniel Wrenne takes a unique approach to the age-old question of the best investment. Join Daniel as he shares a compelling story of a physician, Diana Londoño, who made a life-changing $33,000 investment in herself.
Discover the unconventional path Diana took to overcome burnout and achieve remarkable success. Instead of traditional investments like stocks or businesses, she chose to invest in personal development. Daniel explores how this investment not only transformed her life but also enhanced her skills as a physician.
In a thought-provoking discussion, Daniel delves into the often-neglected aspect of personal growth beyond medical education. He challenges listeners to evaluate their self-care practices and consider where they are on their journey outside of medicine.
From health and finance to professional and personal development, Daniel shares practical examples of investments in oneself. Whether it's hiring a personal trainer, seeking financial guidance, or exploring spiritual growth, every small step counts.
Join Daniel as he encourages you to reflect on your life, identify areas for improvement, and take the first step toward investing in yourself. Discover how these investments can lead to a more fulfilling and balanced life.
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.
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What To Do With An Inheritance Or Other Windfall with Daniel Wrenne and Hugh Baker
Join Daniel Wrenne and financial advisor Hugh Baker in this episode of Finance for Physicians as they delve into the intricacies of managing a significant inheritance, specifically tailored for early-career physicians.
Daniel and Hugh share their insights on navigating the financial landscape after receiving a substantial windfall. Whether it's a million-dollar inheritance or a smaller sum, the duo explores practical considerations and strategic approaches to ensure physicians make the most of their newfound financial resources.
Discover the importance of intentionality when managing sudden wealth, the value of buying time through strategic investments, and the happiness quotient tied to charitable giving. From tax shelters to lifestyle considerations, Daniel and Hugh offer a comprehensive guide for physicians facing the exciting challenge of handling a substantial inheritance.
Tune in for a quick, insightful conversation that aims to empower physicians in making informed financial decisions, ultimately shaping a secure and fulfilling future.
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.
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Where Should You Save For Education, UTMA or I Bonds with Daniel Wrenne and Jeff Wenger
If you're a parent or caregiver, planning for your child's education is a crucial financial decision. In this episode of the Finance for Physicians podcast, host Daniel Wrenne delves into the options available for saving for your child's education. Whether you're considering the traditional 529 plan, exploring the benefits of I Bonds, thinking about UTMA accounts, or even contemplating an investment account, this episode has you covered.
Daniel is joined by certified financial planner Jeff Wenger to discuss the pros and cons of these various education savings vehicles. They break down the nuances, from tax benefits and growth potential to control over the funds. They also share insights into using these options strategically to ensure your child's educational expenses are covered.
Tune in to get expert advice on how to make the right choice for your specific situation and financial goals. Plus, stay tuned for valuable tips on avoiding penalties and maximizing the benefits of your chosen savings method.
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.
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How Do You Know Which Type Of Financial Planner To Look For with Daniel Wrenne and Jeff Wenger
Welcome to the "Finance for Physicians" podcast, join Daniel Wrenne and Jeff Wenger, as they dive into a multitude of financial topics designed to empower physicians on their financial journey.In this episode, Daniel and Jeff tackle pressing questions and explore a wide range of financial themes that resonate with physicians. They discuss everything from optimizing cash flow and determining affordable homeownership to advising on the ideal percentages of income to save and invest for your unique financial goals.Whether you're a medical student, resident, attending physician, or an established practitioner, this podcast offers invaluable insights. With a particular focus on physician-specific financial planning, the hosts share their expertise on investment management, crafting financial plans, and achieving financial success while aligning your decisions with your values.
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
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.
Super informative!
The HSA episode is so helpful! Love the other episodes also.