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.
A Dual Physician Couple Tackling $1 Million in Student Debt
Wade and Vanessa are in a large period of transition getting a handle on their medical student loans, and a new baby! Ryan and Kayse want to make sure they (and indirectly you) understand the difference between long-term savings and saving for future payments.
Dr. Errin Weisman is passionate about creating sustainable careers for women and fundamentally changing the toxic culture of healthcare one woman at a time. Check out her podcast Doctor Me First at https://www.doctormefirst.com/
Improve Your Understanding of Real Estate With This High-Level Guide
Ryan has received a ton of emails in the past couple of months about Real Estate. So he's taking the month of May to do a deep dive on Real Estate for everyone. If you've ever reached out to Ryan with questions about real estate then your question will most likely be answered this month (Unless you asked if it's a good idea to invest in something. I still cannot answer that question for you).
Dr. Errin Weisman is passionate about creating sustainable careers for women and fundamentally changing the toxic culture of healthcare one woman at a time. Check out her podcast Doctor Me First at https://www.doctormefirst.com
The Force is Strong with these Two (Financially Speaking)
Kylo Ren and Dr. Ray Skywalker, two amazing community members, know how to take advantage of Ryan's nerdiness to get on the show! However, they didn't need to do much to impress Ryan and Kayse because they already have some very smart financial goals and outlined their plan for success as residents.
Are you ready to make your final call about your disability insurance needs? Then reach out to Larry Keller at www.doctorpodcast.com/larrykeller
This Is Why You Can't Do Real Financial Planning Without Real Numbers
Jack & Jill, two amazing members of the community, appear very debt-averse and even have their house paid off! However, Ryan and Kayse do have some additional questions about their cash flow because their numbers aren't adding up. Personal finance is personal, but if you're budgeting off rounded figures then you're not helping your financial goals.
Do you need a quick and simple way to access cash, and want a physician-preferred rate? Then reach out to Doc2Doc Lending at www.doctorpodcastnetwork.com/doc2doc
Do You Gain More When You Pay For an Expensive Financial Planner?
It's really important to understand how financial advisors are compensated before you decide to work with them. Ryan is a fee-only financial planner, but there are other ways financial planners earn their money. Knowing the difference between payment types like fee-based and fee-only can help make sure you're getting the right kind of support you need.
Do you need help overcoming your short-term cash issues and want fair rates from lenders that appreciate a doctor's specific situation? Then reach out to Doc2Doc Lending at www.doctorpodcastnetwork.com/doc2doc.
How To Avoid the Mistake We've Already Seen 10,000 Times
In this week's financial assessment, Ryan and Kayse love to hear that Turk and Carla are putting a lot of money into savings, but they aren't maximizing their savings as much as they can. You're probably thinking, "come on Ryan and Kayse, we've heard you talk about this a thousand times!" Well, they've seen this problem 10,000 times already so yeah, they're going to keep hammering this point home until everyone gets it!
Are you worried the current compensation structure in your contract isn't fair? Then reach out to Contract Diagnostics at www.doctorpodcastnetwork.com/contractdiagnostics
This is a great podcast that myself and some of my CRNA colleagues have gotten a lot of helpful advice from. Financial literacy is a big struggle for providers. High incomes but equally high student loan debt. As a healthcare YouTuber I’m always looking to connect with people who are doing good work for the medical community. Would love to interview with you to get more exposure on this topic. - Bolt CRNA
Solid advice for the future
Ryan gives great input on how to plan for today, tomorrow, and five years from now when it comes to tackling debt from higher education. It’s refreshing to know that he has walked in my shoes and juggles the same dilemmas I do. I must listen if you are trying to tackle debt and still plan for retirement
I have been listening to this Podcast for only 2 years now and still love it ! I found it after our 2 doctor household went through double job loss and major career upheaval. We were desperately looking for answers to reach our financial goals and retiring with a PLAN. This Podcast has opened my eyes to many facets in finance I didn’t know, things I knew but should have done and much more. Such practical advice I wish I knew straight outta Medical school but pertinent anytime in your career. 5 starts from me! @thedoctornextdoor