787 episodes

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.

Financial Residency Financial Residency Network

    • Business
    • 4.6 • 295 Ratings

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.

    Financial Vitals - Avoiding COVID Forbearance Lifestyle Creep

    Financial Vitals - Avoiding COVID Forbearance Lifestyle Creep

    Are you struggling with the temptation related to student loan perks? What are the intended consequences of student loans and associated COVID forbearance programs?  
    In this episode of the Finance for Physicians Podcast, Daniel Wrenne talks about saving money to avoid the COVID-19 forbearance lifestyle creep.
    Topics Discussed:
    • COVID Forbearance: No payments, no interest on student loans until Aug. 31
    • Good news? Yes, for PSLF, but what are people doing with the money?
    • Average American Person: Temptation is to spend all or more money in pocket
    • Consumption Effect and Awareness: Student loan payments will begin again
    LINKS:
    www.WrenneFinancial.com

    • 9 min
    Coffee & Contracts - The Race to Acquire Physicians

    Coffee & Contracts - The Race to Acquire Physicians

    In the article titled "The Race to Acquire Physicians," Jon from Contract Diagnostics discusses the implications of the growing demand for physicians and the challenges surrounding their employment. He highlights the ongoing mismatch between physician supply and patient care needs, noting the increasing consolidation of healthcare organizations and the potential legal ramifications of monopolizing the physician marketplace.
    Jon explores the complexities faced by physicians in choosing between employment with large entities, joining private practices, or pursuing independent contractor opportunities. He emphasizes the importance of considering individual preferences, long-term goals, and compensation packages when evaluating employment options.
    While Jon acknowledges the uncertainty surrounding the future of physician employment and the potential impact of lawsuits and regulatory scrutiny, he encourages physicians to explore diverse opportunities and exercise negotiating power in contract discussions. Ultimately, Jon emphasizes the need for thorough due diligence and contract review to ensure alignment with personal and professional objectives.
    As the healthcare landscape continues to evolve, Contract Diagnostics remains committed to supporting physicians in navigating employment decisions and advocating for their best interests.
    Jon invites individuals to contact Contract Diagnostics through phone, chat, or email for personalized assistance, visit www.ContractDiagnostics.com
    Article : 
    https://www.beckersasc.com/asc-news/the-race-to-acquire-physicians.html
     

    • 8 min
    Coffee & Contracts - AI and Patient care

    Coffee & Contracts - AI and Patient care

    The Wall Street Journal article discusses the potential of chatbots for medical advice, highlighting their benefits such as aiding in initial assessments of x-rays, pathology reports, and lab values. 
    However, it emphasizes the necessity for human oversight to ensure accuracy and to avoid overlooking critical details. While chatbots hold promise for streamlining administrative tasks and improving efficiency in healthcare settings, they may lack the personalized approach and nuanced understanding required for complex medical decisions. 
    Contract Diagnostics, represented by Jon, stresses the importance of considering individual patient and physician stories, asserting that while AI can enhance productivity, it should not replace human judgment in medical care. 
    Looking ahead to 2024 and 2025, the article anticipates significant advancements in the integration of artificial intelligence in healthcare while maintaining the essential role of human expertise and empathy in patient care.
    Jon invites individuals to contact Contract Diagnostics through phone, chat, or email for personalized assistance, visit www.ContractDiagnostics.com

    • 5 min
    Mortgage Minute - Picking the right realtor

    Mortgage Minute - Picking the right realtor

    This episode is sponsored by Resolve. A physician contract review and compensation data company bringing change to physician contracts.
    In this segment of "The Mortgage Minute" with Doug Crouse from BMO Bank, the focus is on the importance of selecting the right real estate agent when purchasing a home. 
    Doug emphasizes that while securing a favorable mortgage rate is crucial, the choice of agent can significantly impact the overall cost of buying a home. He cautions against hastily choosing an agent based on referrals alone and highlights how a skilled agent can save buyers more money than simply securing the best interest rate.
    Doug warns against emotional decisions in home buying, stressing the importance of ensuring that the chosen house is worth its market value and that buyers have the necessary funds to cover any discrepancies.
    He anticipates a highly competitive buying season ahead and underscores the long-term impact of selecting the right agent, as opposed to the temporary commitment of a mortgage interest rate.
    Doug encourages thorough research, seeking feedback from previous clients, and advises on how to contact him for further assistance.
    You can reach out to Doug to set up an appointment through email at Doug.Crouse@BMO.com or text him at 1-862-375-6267 (1-862-DR-LOANS). 

    • 5 min
    Grand Rounds - In Person Summit and Online Resources for Physicians Who Want to Work Independently

    Grand Rounds - In Person Summit and Online Resources for Physicians Who Want to Work Independently

    This episode is sponsored by Resolve. A physician contract review and compensation data company bringing change to physician contracts.
    Many physicians are interested in contracting independently versus continuing as an employed physician, but don't know where to start.
    Dr. Corinne Rao and Dr. Holly Shen share information about the Flex Med Staff 2024 Physician Summit April 7-10 in Las Vegas where there will be 20 CME about locums strategies, direct contracting, creative income options, business and tax planning, and more.
    You can also go to www.FlexMedStaff.com for online resources to help you navigate information and opportunities to be successful as an independent contractor.

    • 22 min
    Financial Vitals - Hire Or Fire Your Financial Advisor with Dr, Jim Dahle and Alan Moore

    Financial Vitals - Hire Or Fire Your Financial Advisor with Dr, Jim Dahle and Alan Moore

    This episode is sponsored by Resolve. A physician contract review and compensation data company bringing change to physician contracts.
    Are you a physician tired of getting ripped off and wanting a fair shake on Wall Street? Rather than getting mad, understand how the financial services industry works. Do the right thing by knowing when and why to hire or fire your financial advisor.  
    In this episode of the Finance For Physicians Podcast, Daniel Wrenne talks to Dr. Jim Dahle, a practicing emergency room physician and founder of The White Coat Investor, and Alan Moore, co-founder and CEO of the XY Planning Network about DIY financial planning versus hiring a financial advisor to help. 
    Topics Discussed:
    • Making and Managing Money: Decide to hire help or do-it-yourself (DIY)?
    • Seeking financial advice: Stigma, status symbol, or too busy
    • Should a good advisor be saving you time and money? Good advice at fair price
    • Getting stuff done: Do you struggle to get those not so fun financial tasks done?
    • Mental energy: Are you fried and dreading financial chores?
    • Therapy and Financial Advice: Why financial planning often intertwines the two
    • Best and Worst Advisors: Compensation, commission, fee, CFP®, fiduciary?
    • Are you working with a broker or insurance agent posing as a “financial advisor”?
    • Conflict of Interest: Get a second opinion when pitched permanent life insurance
    • Financial Advice Future: Financial planning as a profession
    LINKS:
    www.WrenneFinancial.com

    • 53 min

Customer Reviews

4.6 out of 5
295 Ratings

295 Ratings

PaigeBPodcasting ,

Great Show!

Every episode they’ve got another interesting topic. I’ve learned so much from this podcast. It really is like going through a financial residency!

jjihdthjifbwqfo ,

Has useful segments

This used to be a great show with helpful content back when it was Ryan. But the show has really gone downhill since then. The contract segments are informative. The Dr Tammy segments are pure fluff without useful content. And Daniel needs to take a public speaking course

Mariann!! ,

GREAT SHOW!

I really enjoy your show, after listening to a few episodes I was totally hooked, it has great direction, it deals with very instructive and interesting topics. I really love this program!

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