919 episodes
Financial Residency Financial Residency Network
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4.5 • 299 Ratings
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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.
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A Physician’s Guide to Wealth - Your Health is Your Wealth: Exploring Osteopathic Wellness with Dr. Amelia Buech, DO
This episode is brought to you by Equity Multiple. Dedicated to assisting physicians in simplifying their investment journey, Equity Multiple enables passive investment in vetted, professionally managed commercial real estate. Learn more at www.equitymultiple.com.
James Nutter hosts Dr. Amelia Bueche, an osteopathic physician, yoga instructor, and wellness coach, in a conversation about holistic health, physician burnout, and financial well-being.
Exploring the integration of mind, body, and spirit, Dr. Bueche shares insights from her specialty in neuromusculoskeletal and osteopathic manipulative medicine.
They discuss the importance of balance, identity outside of medicine, and practical tips for managing burnout and finances. Tune in for actionable advice and a unique perspective on living a fulfilling life amidst the demands of a medical career.
Timestamp
Summary
0:02
Integrating Health and Finance for Physician Well-Being
4:34
From Osteopathic Medicine to Coaching During the Pandemic
8:44
Balancing Rational Thought and Emotions in Medical Coaching
11:55
A Journey from Veterinary Aspirations to Osteopathic Medicine
15:56
Integrating Fitness and Medicine for Holistic Health
21:49
Balancing Professional Identity and Personal Fulfillment for Physicians
27:10
Addressing Physician Burnout Through Individual Autonomy and Systemic Change
29:52
The Activation Process: Overcoming Burnout and Finding Clarity
38:25
Distinguishing Facts from Stories in Medical Assessments
39:47
The Power of Clarity and Controlling What You Can
43:51
Understanding Physicians' Money Mindset and Financial Coaching
52:42
Unifying Body, Mind, and Spirit for Holistic Success
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Advisory services offered through Commonwealth Financial Network®, a Registered Investment Adviser. -
Mortgage Minute - Wire Fraud Alert: What You Need to Know Before Closing on Your Home
This episode is brought to you by Equity Multiple. Dedicated to assisting physicians in simplifying their investment journey, Equity Multiple enables passive investment in vetted, professionally managed commercial real estate. Learn more at www.equitymultiple.com.
In this episode of 'Mortgage Minute,' Doug Crouse from BMO Bank discusses how to protect yourself from mortgage and real estate fraud. Learn about recent incidents of wire fraud, how email hacking can affect your closing process, and why it's crucial to verify wire instructions with your title company and lender to ensure a secure transaction. To learn more about Doug, go to www.DougCrouse.com.
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Coffee & Contracts - Transparency in Compensation: The Role of Fair Market Value
This episode is brought to you by Equity Multiple. Dedicated to assisting physicians in simplifying their investment journey, Equity Multiple enables passive investment in vetted, professionally managed commercial real estate. Learn more at www.equitymultiple.com.
Today, Jon dives into the often misunderstood concept of fair market value (FMV) in physician contracts. He discusses how employers determine FMV using various data sets and internal metrics, emphasizing the importance of transparency in these calculations.
Jon also explores how physicians can negotiate compensation based on their workload and additional responsibilities, and why understanding FMV is crucial in contract negotiations.
Tune in to learn more about how to ensure you're fairly compensated and what to consider when reviewing your contract's terms and FMV assessments. -
Coffee & Contracts - Understanding Contract Nuances: Why Language is Key
This episode is brought to you by Equity Multiple. Dedicated to assisting physicians in simplifying their investment journey, Equity Multiple enables passive investment in vetted, professionally managed commercial real estate. Learn more at www.equitymultiple.com.
In this episode, Jon delves into the importance of precise language in contracts. Drawing from over 13 years of experience and reviewing thousands of contracts, he explains how subtle differences in wording—such as "guarantee" versus "draw" or "minimum hours" versus "maximum hours"—can have significant implications on employment terms. Whether it's about salary, bonuses, termination, or other contract terms, understanding these nuances is crucial.
Jon emphasizes that every word matters and encourages listeners to carefully review their contracts to ensure clarity and fairness. -
Grand Rounds - 6 Principles of Investing with Curtis May
This episode is brought to you by Equity Multiple. Dedicated to assisting physicians in simplifying their investment journey, Equity Multiple enables passive investment in vetted, professionally managed commercial real estate. Learn more at www.equitymultiple.com.
Curtis May with Practical Wealth Solutions joins us today to talk about his 6 Principles of Investing. He also offers a free report on the Value of Liquidity if you text BETHEBANK to 55444. You can learn more about Curtis at www.PracticalWealth.net. -
Grand Rounds - Practical Tips When Buying a Home with Preston Crouse
This episode is brought to you by Equity Multiple. Dedicated to assisting physicians in simplifying their investment journey, Equity Multiple enables passive investment in vetted, professionally managed commercial real estate. Learn more at www.equitymultiple.com.
Preston Crouse joins us today to talk about his experience buying a home and to give tips to those who are getting ready to do the same.
He explains the process of getting preapproved, documents you will need to get a mortgage, how banks determine how much house you can afford and how much money you can expect to need at closing.
Customer Reviews
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!
Too sales-y, undercuts the sincerity
This podcast was sold out to a different podcaster who is only a financial adviser and not an MD, while keeping the branding and theme music. The result is a totally generic, bland, and useless podcast that is, at best a retread of what is already out there, and at worst a sales pitch for these financial planners to get your business. I just sat through my last episode, where I wasted 15 minutes while hearing an overly simplistic and frankly uninformed “calculation” on what my physician hourly rate is, only to be told that I should give my financial planning over to “the experts” (ie these podcasters) instead of learning enough to do it myself. Their argument is that, after all, they wouldn’t try to set their own broken femur or do their own appendectomy, so we physicians shouldn’t try to do our own financial planning or taxes. What a specious argument. If you are a physician who is trying to learn financial basics so that you don’t get hosed by predatory financial planners who describe your medical education as “sunk” cost (their word choice, not mine), I suggest you go elsewhere. You can’t even find the older basic episodes (by the prior podcaster) that were actually useful. I regret the time I’ve spent listening to this book. Go try the audiobook versions of some of the classic physician finance books (Google it, there’s like 4 of them that are commonly recced) and be respected for your intelligence and not taken for a sales job.
What happened?
Financial Residency was one of the best shows out there—especially because they periodically released shows where they went deep on a family’s finances and gave advice on what they did well (and where they needed to improve). Without warning, they took all of those episodes down and stopped running them. What they now run is generic, recycled, and often out-of-date. This went from a gem to a dud. What went wrong?