Money Talk For ER Docs™

ER Doc Advisor
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Money Talk For ER Docs™ Podcast

Join your host Scott Wisniewski and a thriving community of ER Doctors who are learning to simplify money and make smarter financial decisions. As a hardworking Emergency Physician, it’s important to know the vital signs of your financial health, and the profession simply comes with complexities others don’t understand. This podcast is created to be your go-to resource for straightforward advice uniquely tailored for ER Doctors. Join us every week for new episodes, and you can find more tools, get personalized help and a free Financial Vital Signs Checkup at erdocadvisor.com/survey.

  1. Ep #204: Your Identity Was Likely Stolen: What You Should Do

    5 DAYS AGO

    Ep #204: Your Identity Was Likely Stolen: What You Should Do

    Identity theft is a real concern for ER docs due to high patient interaction volume. Consider the reality that accessing an EP’s signature can open up opportunities to obtain medications or allow for other financially-driven motives. Combine this with other variables, such as higher income and thus higher credit limits and a busy lifestyle that may prevent them from noticing identity theft schemes, it’s no mystery as to why ER docs as a subset of professionals are prime targets. On today’s episode, we’ll discuss a large data breach that impacted most Americans and lay out the things you can do today to prevent fraud happening tomorrow.

    16 min
  2. Ep #203: The Mortgage Workaround Going ‘Round: Is Velocity Banking Legit?

    SEP 3

    Ep #203: The Mortgage Workaround Going ‘Round: Is Velocity Banking Legit?

    We are constantly inundated with clickbait-y headlines and concepts that are hard to ignore. A once-a-day pill to shed fat, increase alertness, get wealthy, grow your hair back – whatever it may be, even the biggest skeptics can begin questioning their skepticism when painted a convincing enough picture. But what about velocity banking? Is it another fad or an exception? Can you really use this as a method to not only shave years off your mortgage, but also save hundreds of thousands of dollars in interest over the life of your loan?  On today’s episode, we’ll discuss the ins and outs of velocity banking and also revisit the math behind amortization schedules for refinancing.

    19 min
  3. Ep #202: A SWOT Analysis of Emergency Physicians

    AUG 27

    Ep #202: A SWOT Analysis of Emergency Physicians

    From white water rafting to taking a trip to the grocery store, there’s always some level of practical analysis and mapping that can, and probably should, be performed. Doing so helps us make more informed decisions, capitalize on strengths, address weaknesses, seize opportunities, and mitigate threats to enhance overall well-being and productivity.  On today’s episode, we perform a SWOT Analysis of the personal finances of emergency physicians to really evaluate all of the ways EPs can find success (and failures) within their working career.

    22 min
  4. Ep #201: Mortgage Interest Rates Are Dropping

    AUG 20

    Ep #201: Mortgage Interest Rates Are Dropping

    We all have experienced a pretty rapid run-up in mortgage rates since 2020-2021. Of course, no one knows where the top (or bottom) will be moving forward. But at least over recent history, rates have dropped a good amount to the point where there are mortgage opportunities for many to explore. On today’s episode, we’ll discuss the decision-making process of refinancing and get into other forms of equity lines of credit that can be appealing even for those with low-interest rate primary mortgages.

    16 min
  5. Ep #200: Markets Are Volatile Again: Here's What To Do

    AUG 13

    Ep #200: Markets Are Volatile Again: Here's What To Do

    The market and its behavior, though it may not feel like it, is predictable. It’s like a broken record:  there will be ups and downs; some bigger than others. Despite this, in the moment, it can feel very serious or dire. But if we let history be our guide, there are plenty of lessons to draw from that show how to react and what to do to get through those stressful moments. On today’s episode, we’ll talk about the market’s recent movement and also discuss the surge in small cap value stocks that will leave those who jumped on the large cap stock trend feeling a bit left out.

    24 min
  6. Ep #199: Are You Happy in Emergency Medicine?

    AUG 6

    Ep #199: Are You Happy in Emergency Medicine?

    Happiness can come in so many forms. When it comes to the relationship between work and happiness, whether we care to admit it or not, they tend to be pretty intertwined. But what if they weren’t? How would you structure your life if you were optimizing for happiness over money?  On today’s episode, we’ll get a bit psychological and look at the science behind happiness and how much things like your job and spending money play a role.

    15 min

  7. JUL 30

    Ep #198: Cash Balance Pension: Reconsidering How It Could Fit Within Your Financial Plan

    Many ER docs may not be aware of cash balance pensions. These are a type of retirement plan that can really supercharge retirement savings and minimize tax liability. But buyer beware: these aren’t a DIY solution. That’s one of several reasons why they are underutilized despite being an extremely attractive option for saving large sums of money.  On today’s episode, we’ll discuss these relatively complex plans and how they may be the best tool to help guide ER docs to their retirement goals.

    15 min
  8. Ep #197: Feeling Burnt Out? Is Pivoting and Earning Your Executive MBA Worthwhile?

    JUL 23

    Ep #197: Feeling Burnt Out? Is Pivoting and Earning Your Executive MBA Worthwhile?

    Conventional wisdom would suggest that becoming more educated should result in earning more money. And when you combine that sentiment with ambitions of change either within or outside of emergency medicine, seeking an Executive MBA may be an appealing option, especially for an ER doc looking to reduce clinical hours. But when it comes to EM, more money and a better opportunity may not be as matter of fact as it is with other careers. On today’s episode, we’ll discuss our experience with clients who have pursued and obtained their Executive MBA and what changes it led to personally, professionally, and of course, financially.

    17 min
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Ratings & Reviews

4.5
out of 5
12 Ratings

About

Join your host Scott Wisniewski and a thriving community of ER Doctors who are learning to simplify money and make smarter financial decisions. As a hardworking Emergency Physician, it’s important to know the vital signs of your financial health, and the profession simply comes with complexities others don’t understand. This podcast is created to be your go-to resource for straightforward advice uniquely tailored for ER Doctors. Join us every week for new episodes, and you can find more tools, get personalized help and a free Financial Vital Signs Checkup at erdocadvisor.com/survey.

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