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.
What happens in Real Life? Pay Off Debt vs Invest
Should we be paying off debt or investing? Ryan and Krista, two awesome community members, called in their assessment and it gives a great example of seeing the #1 question we get asked in real situations.
If you are a female physician and don't have your disability insurance nailed down, unisex rates are going away at the end of 2020. It's critical to have this coverage so reach out to our sponsor Michael Relvas to get this coverage in place. www.financialresidency.com/mrinsurance
When is the Right Time to Hire a Financial Planner?
Not everyone needs to work with a financial planner, but for those that do, it might be tough to figure out when the "right time" is and even who should you actually hire. Ryan takes a deep dive into the who, what and when is the right time (and type!) of financial planner to help you navigate your financial goals.
If you still don't have a financial plan, spend the $25 and build your own plan by buying Taylor and Ryan's book on creating your financial plan without the long hours and sleepless nights. www.financialresidency.com/book
Every Opportunity To Mess Things Up But Didn't!
This week we are taking a look at Leela and Fry. These two are doing everything really well with just a few loose ends to tidy up! Kayse and I talk over their high savings rate and great goals, pointing out a few spots that need a little more thought, such as their individual stock allocation that's creeping higher than they might have intended or realize.
Want a Financial Residency $50K scholarship for medical students? Apply before the deadline: http://www.financialresidency.com/scholarship
There's A Lot To Be Thankful For
Many of you have been asking me where I have been hiding Taylor! She is out of hiding and going to be hanging out with me today. We’ll be talking about personal finance, things going on in our lives and our community, and really despite all the things happening in the world today that there is just a lot to be thankful for!
Don't miss the FIRST EVER $50K Financial Residency scholarship being offered to medical students this Thanksgiving 2020 courtesy of an anonymous foundation. 10 lucky recipients will be awarded $5K each! Apply here:
The right way to save for your goals
Identifying your goals is important because it gives you direction in your finances, as is the case for Maise and Blue. However, as Kayse and I will get into, if you aren't setting up the right banking structure to go along with those goals OR not actually saving for them it defeats the whole purpose.
Financial Residency, in partnership with an anonymous foundation, is awarding 10 lucky med students $5k! Check out the details here: www.financialresidency.com/scholarship
What Your Financial Advisor Should Be Doing For You
While your schedule is insane and unpredictable, you want to know your advisor is always going to make decisions with your best interest in mind. But how could you know if your financial advisor is doing exactly what you need for your portfolio? These are the things you should consider.
Want to be a lucky recipient of a $5000 scholarship? Be one of 10! Financial Residency has partnered with a foundation to giveaway $50k! Learn more here:
Customer ReviewsSee All
This show helps us navigate the financial waters and accelerate the journey to financial independence!
I like thatI am getting advice from a fee only financial advisor. I feel like I can trust the information that I learn on this podcast. Young physicians especially should listen and heed what Ryan is sharing and teaching.
Straight Up Great Financial Podcast
By far the best financial podcast I’ve encountered. It’s just a bonus that it it’s specifically geared toward medical providers!
This podcast is packed with insight and advice. This show is a must listen!!