415 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 • 288 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: Are You Saving Enough For Retirement

    Financial Vitals: Are You Saving Enough For Retirement

    Are you on track for retirement? Where are you at, what’s most important, and where do you want to go? Are you saving enough income at this point in time to become financially independent? 
    In this episode of the Finance for Physicians Podcast, Daniel Wrenne talks about how to know if you are saving enough money for retirement. Check your financial vitals against your financial plan. Run the numbers!
    Topics Discussed:
    • Retirement Rules: Follow percentages of income or gross income before taxes?
    • False Assumptions: Everyone has same tax brackets, goals, values, priorities
    • Starting Line: Create, consult financial plan for values, goals, resources, priorities
    • Ways to calculate and run the numbers:
    ◦ Rules of thumb
    ◦ Linear return projections
    ◦ Monte Carlo analysis
    • When? Run the numbers today and adjust over time to accommodate changes
    • Improve Efficiency: Maximize tax shelters, backdoor Roth IRAs, financial plan
    Links:
    www.WrenneFinancial.com

    • 25 min
    Mortgage Minute: What is the difference between the APR and the mortgage interest rate?

    Mortgage Minute: What is the difference between the APR and the mortgage interest rate?

    Did you ever wonder why the mortgage interest rate you were given doesn't always match up to the annual percentage rate (APR)? Doug explains the difference between the two on this week's episode of the Mortgage Minute.
    Link to website: 
    https://dougcrousephysicianloans.com/

    • 12 min
    Grand Rounds: The legal side entering into business arrangements with Michael Schaff

    Grand Rounds: The legal side entering into business arrangements with Michael Schaff

    Ever contemplated entering into a business contract with a private equity firm or starting a side gig? Dr. Tammy talked to Michael Schaff who is a healthcare and corporate attorney with Wilentz, Goldman & Spitzer to learn more about the legal side of the equation. You can find more about Michael and his firm at www.wilentz.com.

    • 21 min
    Financial Vitals: The Best Investment You're Likely Missing Out On

    Financial Vitals: The Best Investment You're Likely Missing Out On

    Today I am talking about, what is the best investment for you!
     
    Links to register:
     
    Register for live show (every 3rd Tuesday at 3pm est):  https://us02web.zoom.us/webinar/register/WN_Z7CuDhFYSVaoKm8Pa29rAA 
     
    Finance For Physicians Podcast:  https://podcasts.apple.com/us/podcast/finance-for-physicians/id1532953668  

    • 13 min
    Financial Vitals: What To Do With An Inheritance Or Other Windfall

    Financial Vitals: What To Do With An Inheritance Or Other Windfall

    Today we are doing a Q&A by answering questions from our Facebook group. I have on Hugh Baker to help answer some questions.
    Links:
    www.WrenneFinancial.com

    • 10 min
    Coffee & Contracts: Who do you negotiate with?

    Coffee & Contracts: Who do you negotiate with?

    Today we're gonna talk about negotiations and who you're negotiating with.
    LINKS:
    www.ContractDiagnostics.com

    • 4 min

Customer Reviews

4.6 out of 5
288 Ratings

288 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!

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!

Ccookdo ,

Wish I knew this long ago

Nothing like this was available 30 years ago. Concise and practical information in a easy to understand language.

Top Podcasts In Business

Ramsey Network
NPR
Jocko DEFCOR Network
Marketplace
Guy Raz | Wondery
Andy Frisella #100to0

You Might Also Like

Jimmy Turner, MD
Dr. Jim Dahle of the White Coat Investor
Peter Kim, MD
The Physician Philosopher, LLC
bogleheads
Travis Hornsby