The Grow Your Wealthy Mindset Podcast

Elisa Chiang
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The Grow Your Wealthy Mindset Podcast

Grow your wealth by working on your mindset and up leveling your game. Your thoughts about money have created your current financial net worth. Sadly, there are many physicians who are have earned a good income but have not built wealth. More and more physicians are becoming burned out as our health care system continues to change. Join the movement of physicians embarking on the journey to take matters in our own hands so we can continue to thrive. Tune in each week to learn more on how to grow your wealthy mindset! Imagine your life when you have the financial knowledge to create wealth so you can practice medicine on your own terms. Please subscribe and leave a review on your favorite Podcasting platform. You can learn more about Elisa at her website or follow her on social media. Website: www.GrowYourWealthyMindset.comInstagram https://www.instagram.com/GrowYourWealthyMindsetFacebook https://www.facebook.com/ElisaChianghttps://www.facebook.com/GrowYourWealthyMindsetYouTube: https://www.youtube.com/c/WealthyMindsetMDLinked In: www.linkedin.com/in/elizabeth-chiang-0582a432

  1. 11H AGO

    Episode 163: Maximize Tax Savings with a Dependent Care FSA

    Did you know you could get a 22–37% discount on your childcare or dependent care expenses just by using pre-tax dollars? In today’s episode, I dive into the often-overlooked but highly valuable Dependent Care Flexible Spending Account (FSA). While Health FSAs and HSAs get plenty of attention, Dependent Care FSAs can offer significant tax advantages—especially for dual-income families or single parents. I break down who qualifies, what kinds of care are eligible, how much you can contribute, and what special considerations apply if you're divorced, filing separately, or classified as a highly compensated employee. Whether you’re a physician with young kids or caring for a dependent adult, understanding how to use this account effectively could save you thousands. In this episode, you’ll learn: -        How Dependent Care FSAs work and how they differ from Health FSAs -        Who qualifies as a dependent for reimbursement -        What expenses are eligible (and what’s not) -        Key contribution limits for 2025 and special rules for high-income earners -        How divorce and custody arrangements affect eligibility -        How to coordinate Dependent Care FSAs with the Child and Dependent Care Tax Credit -        Common mistakes and nuances to watch out for   Resources Mentioned: IRS Publication 503: https://www.irs.gov/publications/p503 Episode 137: Flexible Spending and Healthcare Savings Accounts   Disclaimer: I am not a CPA. Please consult your tax advisor for personalized guidance.   Please subscribe and leave a review on your favorite Podcasting platform. Get 12 Financial Mistakes that Keep Physicians from Building Wealth at https://www.growyourwealthymindset.com/12financialmistakes If you want to start your path to financial freedom, start with the Financial Freedom Workbook. Download your free copy today at https://www.GrowYourWealthyMindset.com/fiworkbook Dr. Elisa Chiang is a physician and money coach who helps other doctors reach their financial goals by mastering their money mindset through personalized 1:1 coaching . You can learn more about Elisa at her website or follow her on social media. Website: https://ww.GrowYourWealthyMindset.com Instagram https://www.instagram.com/GrowYourWealthyMindset Facebook https://www.facebook.com/ElisaChiang https://www.facebook.com/GrowYourWealthyMindset YouTube: https://www.youtube.com/c/WealthyMindsetMD Linked In: www.linkedin.com/in/ElisaChiang Disclaimer: The content provided in the Grow Your Wealthy Mind...

    16 min

  2. JUL 2

    Episode 162: Investing for Cashflow with Debt and Lending Funds

    Looking for a way to grow your income beyond your clinical job? In this episode, we’re diving into debt funds—an often overlooked but powerful tool for generating cash flow. Whether you're curious about how they work, the risks involved, or how to get started, this episode breaks it all down in simple terms. If you’ve ever wondered how you can make your money work harder for you—without swinging for the fences—debt funds might be the steady engine your portfolio needs.   In this episode, you’ll learn: What debt funds are and how they generate income What kind of returns you can expect from debt fund investments Tax considerations for debt fund income How to evaluate a debt fund and what to look for Common pitfalls to avoid when investing in these vehicles Please subscribe and leave a review on your favorite Podcasting platform. Get 12 Financial Mistakes that Keep Physicians from Building Wealth at https://www.growyourwealthymindset.com/12financialmistakes If you want to start your path to financial freedom, start with the Financial Freedom Workbook. Download your free copy today at https://www.GrowYourWealthyMindset.com/fiworkbook Dr. Elisa Chiang is a physician and money coach who helps other doctors reach their financial goals by mastering their money mindset through personalized 1:1 coaching . You can learn more about Elisa at her website or follow her on social media. Website: https://ww.GrowYourWealthyMindset.com Instagram https://www.instagram.com/GrowYourWealthyMindset Facebook https://www.facebook.com/ElisaChiang https://www.facebook.com/GrowYourWealthyMindset YouTube: https://www.youtube.com/c/WealthyMindsetMD Linked In: www.linkedin.com/in/ElisaChiang Disclaimer: The content provided in the Grow Your Wealthy Mind...

    18 min

  3. JUN 25

    Episode 161: Passive Income or Long-Term Growth? Investing for Cashflow vs. Appreciation

    In this episode of The Grow Your Wealthy Mindset Podcast, we're diving into two primary strategies investors use to grow their wealth: investing for appreciation and investing for cashflow. Whether you're aiming to build long-term wealth or looking to create more immediate income from your investments, understanding the difference between these two approaches is essential to aligning your strategy with your financial goals. You'll learn: The difference between equity appreciation and investment cashflow How payment structures can impact your total return and reinvestment opportunities Why your financial phase (accumulation vs. decumulation) influences your preferred investment style Which types of assets typically favor appreciation (e.g., stocks, Class A real estate) Which investments are better known for cashflow (e.g., REITs, bonds, Class C real estate) The tax implications of appreciation vs. cashflow investing How passive income vehicles like dividend stocks, CDs, and bonds can complement your investment strategy Resources & Mentions: Episode 143: REITs: The Simplest Way to Invest in Real Estate – Released Feb 19, 2025 Episode 34: Understanding Certificates of Deposit (CDs) – Released Jan 18, 2023 Vanguard High Dividend Yield Index Fund – With a recent 30-day yield of 2.63% Dividend-Paying Stocks Mentioned: AGNC Investment (AGNC) – 17% yield International Seaways Inc (INSW) – Up to 14% yield AG Mortgage Investment Trust Inc (MITT) – Up to 12% yield   Please subscribe and leave a review on your favorite Podcasting platform. Get 12 Financial Mistakes that Keep Physicians from Building Wealth at https://www.growyourwealthymindset.com/12financialmistakes If you want to start your path to financial freedom, start with the Financial Freedom Workbook. Download your free copy today at https://www.GrowYourWealthyMindset.com/fiworkbook Dr. Elisa Chiang is a physician and money coach who helps other doctors reach their financial goals by mastering their money mindset through personalized 1:1 coaching . You can learn more about Elisa at her website or follow her on social media. Website: https://ww.GrowYourWealthyMindset.com Instagram https://www.instagram.com/GrowYourWealthyMindset Facebook https://www.facebook.com/ElisaChiang https://www.facebook.com/GrowYourWealthyMindset YouTube: https://www.youtube.com/c/WealthyMindsetMD Linked In: www.linkedin.com/in/ElisaChiang Disclaimer: The content provided in the Grow Your Wealthy Mind...

    12 min
  4. Episode 160: A conversation on Money and Happiness with Dr. Disha Spath, The Frugal Physician

    JUN 18

    Episode 160: A conversation on Money and Happiness with Dr. Disha Spath, The Frugal Physician

    This episode if a collaboration project with myself and Dr. Disha Spath where we talk about money and happiness. Tune in for a fun and insightful conversation.  Dr. Disha Spath is a board-certified Internal Medicine Physician and the founder and CEO of The Frugal Physician, which has been recognized as a Plutus award nominee for excellence in financial media. In addition to leading her own initiative, Dr. Spath contributes as a personal finance columnist for Practice Link magazine and has served as a finance contributor to NBC Universal. She has also been a host on the White Coat Investor podcast. Her expertise has been featured in major media outlets such as CNBC, Business Insider, and Forbes. Dr. Spath is passionate about helping physicians manage their finances effectively, enabling them to define and pursue their ideal lives.  You can learn more about Disha's podcast Finding Financial Freedom with The Frugal Physician at http://www.thefrugalphysician.com/podcast  Website: www.thefrugalphysician.com   Handles: Facebook Page: @thefrugalphysician  Facebook Group:  @The Frugal Physicians Instagram: @frugalphysician X: @frugalphysician   Please subscribe and leave a review on your favorite Podcasting platform. Get 12 Financial Mistakes that Keep Physicians from Building Wealth at https://www.growyourwealthymindset.com/12financialmistakes If you want to start your path to financial freedom, start with the Financial Freedom Workbook. Download your free copy today at https://www.GrowYourWealthyMindset.com/fiworkbook Dr. Elisa Chiang is a physician and money coach who helps other doctors reach their financial goals by mastering their money mindset through personalized 1:1 coaching . You can learn more about Elisa at her website or follow her on social media. Website: https://ww.GrowYourWealthyMindset.com Instagram https://www.instagram.com/GrowYourWealthyMindset Facebook https://www.facebook.com/ElisaChiang https://www.facebook.com/GrowYourWealthyMindset YouTube: https://www.youtube.com/c/WealthyMindsetMD Linked In: www.linkedin.com/in/ElisaChiang Disclaimer: The content provided in the Grow Your Wealthy Mind...

    46 min

  5. JUN 11

    Episode 159: The How of Happiness Developing Strategies for Coping

    In this episode of The Grow Your Wealthy Mindset, we explore the 6th activity from The How of Happiness by Sonja Lyubomirsky, Developing Strategies for Coping. Whether you're facing burnout, personal loss, or the everyday emotional weight of your work, learning to cope effectively can be life-changing. This episode reviews different types of coping strategies, from problem-solving to emotional processing, and dive into practical tools like expressive writing, thought disputation, and finding meaning in painful experiences. What You’ll Learn in This Episode: ·        The two primary types of coping: problem-focused and emotion-focused—and when each is most useful ·        How expressive writing can help you process trauma and distress ·        A three-step approach to finding personal growth and deeper meaning after loss ·        The ABCDE thought disputation technique to challenge negative beliefs and reduce anxiety ·        The thought model CTFAR by Brooke Castillo of The Life Coach School  ·        The Work by Byron Katie ·        How working with a coach can help reframe your thoughts Please subscribe and leave a review on your favorite Podcasting platform. Get 12 Financial Mistakes that Keep Physicians from Building Wealth at https://www.growyourwealthymindset.com/12financialmistakes If you want to start your path to financial freedom, start with the Financial Freedom Workbook. Download your free copy today at https://www.GrowYourWealthyMindset.com/fiworkbook Dr. Elisa Chiang is a physician and money coach who helps other doctors reach their financial goals by mastering their money mindset through personalized 1:1 coaching . You can learn more about Elisa at her website or follow her on social media. Website: https://ww.GrowYourWealthyMindset.com Instagram https://www.instagram.com/GrowYourWealthyMindset Facebook https://www.facebook.com/ElisaChiang https://www.facebook.com/GrowYourWealthyMindset YouTube: https://www.youtube.com/c/WealthyMindsetMD Linked In: www.linkedin.com/in/ElisaChiang Disclaimer: The content provided in the Grow Your Wealthy Mind...

    13 min

  6. JUN 4

    Episode 158: Real Numbers, Real Life: Tracking Spending with Our Annual Spending Revealed

    Are you tracking your spending—or just hoping it all works out? In this episode of The Grow Your Wealthy Mindset, I share how tracking your expenses can empower you to make intentional decisions, without the restrictions of a traditional "budget." I explain the difference between a spending plan and a budget, why I prefer the former, and exactly how my household tracks spending down to the category—from groceries and entertainment to travel and household maintenance. To kick off the 4th season of The Grow Your Wealthy Mindset Podcast, I’m embracing being open when talking about money. I also break down our real numbers from July 2023 to June 2024, so you can see how a personalized spending plan actually works in practice. I offer insights into tools, tracking systems, and the mindset shifts that can help you take control of your financial life. If you've ever felt overwhelmed by the idea of budgeting or confused about how much you should be spending, this episode will help demystify the process—and show you how tracking your spending can give you clarity, not constraint. What You'll Learn in This Episode:  ·        The difference between a budget and a spending plan ·        Why awareness (not restriction) is the key to financial control ·        How we track expenses using spreadsheets—and why that works for us ·        A full breakdown of our actual household spending (including groceries, entertainment, utilities, travel, and more) ·        What it means to "pay yourself first" and how we invest 25%+ of our gross income ·        How to adjust your spending plan as life and priorities change ·        Tools and apps you can consider to help track your spending   Consider checking out  Episode 25: Tools to Help Track Your Net Worth and Spending (Nov 16, 2022)   Connect With Me: If you're ready to get clarity around your money, feel confident managing your finances, and design a spending plan that supports your goals, I'm here to help. I work with physicians and high-income professionals 1:1 to build financial literacy, heal money shame, and create intentional wealth.  👉 Book a call at www.growyourwealthymindset.com to get started.   Thank you for listening! Please subscribe, share, and leave a review if this episode resonated with you. Let’s keep the conversation around money open, honest, and empowering. Please subscribe and leave a review on your favorite Podcasting platform. Get 12 Financial Mistakes that Keep Physicians from Building Wealth at https://www.growyourwealthymindset.com/12financialmistakes If you want to start your path to financial freedom, start with the Financial Freedom Workbook. Download your free copy today at https://www.GrowYourWealthyMindset.com/fiworkbook Dr. Elisa Chiang is a physician and money coach who helps other doctors reach their financial goals by mastering their money mindset through personalized 1:1 coaching . You can learn more about Elisa at her website or follow her on social media. Website: https://ww.GrowYourWealthyMindset.com Instagram https://www.instagram.com/GrowYourWealthyMindset Facebook https://www.facebook.com/ElisaChiang https://www.facebook.com/GrowYourWealthyMindset YouTube: https://www.youtube.com/c/WealthyMindsetMD Linked In: www.linkedin.com/in/ElisaChiang Disclaimer: The content provided in the Grow Your Wealthy Mind...

    26 min

  7. MAY 28

    Episode 157: Do You Really Need Travel Insurance? What to Know Before Your Next Trip

    Last week, we explored the role of insurance in protecting your assets. This week, we’re zooming in on a type of insurance that often flies under the radar: travel insurance. Whether you're climbing Mount Kilimanjaro, cruising to Antarctica, or simply flying cross-country, travel insurance can make or break your trip financially if something goes wrong.   In this episode, I share: When travel insurance is actually worth buyingThe difference between credit card travel protection and comprehensive travel insuranceWhy I canceled my Chase Sapphire Preferred after a frustrating insurance claimHow to evaluate the real value of travel coverage, especially when traveling internationallyThe pros and cons of single-trip vs. annual travel insuranceWhich companies are most reputable and what to look for in a policy  From missed connections to emergency evacuations, I’ll help you decide when it makes sense to get coverage — and how to avoid wasting money on insurance that won’t pay when you need it most.   Key Takeaways Credit card travel insurance can be helpful for minor issues, but often lacks the customer support or reimbursement success for larger claims.Comprehensive travel insurance offers coverage for emergencies, medical care, and trip cancellations — crucial for expensive or adventurous trips.Consider annual plans if you travel frequently.Always read the fine print and check what’s truly covered before buying.  Mentioned Travel Insurance Companies Allianz Travel Insurance World NomadsAIG Travel GuardIMGTravelex InsuranceAmerican Express Travel Insurance Please subscribe and leave a review on your favorite Podcasting platform. Get 12 Financial Mistakes that Keep Physicians from Building Wealth at https://www.growyourwealthymindset.com/12financialmistakes If you want to start your path to financial freedom, start with the Financial Freedom Workbook. Download your free copy today at https://www.GrowYourWealthyMindset.com/fiworkbook Dr. Elisa Chiang is a physician and money coach who helps other doctors reach their financial goals by mastering their money mindset through personalized 1:1 coaching . You can learn more about Elisa at her website or follow her on social media. Website: https://ww.GrowYourWealthyMindset.com Instagram https://www.instagram.com/GrowYourWealthyMindset Facebook https://www.facebook.com/ElisaChiang https://www.facebook.com/GrowYourWealthyMindset YouTube: https://www.youtube.com/c/WealthyMindsetMD Linked In: www.linkedin.com/in/ElisaChiang Disclaimer: The content provided in the Grow Your Wealthy Mind...

    24 min

  8. MAY 21

    Episode 156: Insurance is a Tool to Protect Wealth

    When it comes to asset protection, your first line of defense is insurance against a potential financial disaster. You may purchase insurance to protect an asset, like homeowners’ insurance protects your personal residence in the case of significant damage. As you build your wealth, you may drop some types of insurance since you can self-fund if a situation occurs where you would actually use that insurance. Once you have an emergency fund that covers 3-6 months of living expenses, then you can self-fund any short-term disability. Some insurances are only necessarily depending on your personal situation. Life insurance is really to protect your loved ones since when you buy life insurance for yourself, you aren’t on this earth the benefit from the payout of life insurance.  This episode reviews the different types of insurance products and breaks down who would benefit from each insurance product.    Disclaimer: I am not an insurance broker, this is not personalized professional advice.   Please subscribe and leave a review on your favorite Podcasting platform. Get 12 Financial Mistakes that Keep Physicians from Building Wealth at https://www.growyourwealthymindset.com/12financialmistakes If you want to start your path to financial freedom, start with the Financial Freedom Workbook. Download your free copy today at https://www.GrowYourWealthyMindset.com/fiworkbook Dr. Elisa Chiang is a physician and money coach who helps other doctors reach their financial goals by mastering their money mindset through personalized 1:1 coaching . You can learn more about Elisa at her website or follow her on social media. Website: https://ww.GrowYourWealthyMindset.com Instagram https://www.instagram.com/GrowYourWealthyMindset Facebook https://www.facebook.com/ElisaChiang https://www.facebook.com/GrowYourWealthyMindset YouTube: https://www.youtube.com/c/WealthyMindsetMD Linked In: www.linkedin.com/in/ElisaChiang Disclaimer: The content provided in the Grow Your Wealthy Mind...

    18 min
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Grow your wealth by working on your mindset and up leveling your game. Your thoughts about money have created your current financial net worth. Sadly, there are many physicians who are have earned a good income but have not built wealth. More and more physicians are becoming burned out as our health care system continues to change. Join the movement of physicians embarking on the journey to take matters in our own hands so we can continue to thrive. Tune in each week to learn more on how to grow your wealthy mindset! Imagine your life when you have the financial knowledge to create wealth so you can practice medicine on your own terms. Please subscribe and leave a review on your favorite Podcasting platform. You can learn more about Elisa at her website or follow her on social media. Website: www.GrowYourWealthyMindset.comInstagram https://www.instagram.com/GrowYourWealthyMindsetFacebook https://www.facebook.com/ElisaChianghttps://www.facebook.com/GrowYourWealthyMindsetYouTube: https://www.youtube.com/c/WealthyMindsetMDLinked In: www.linkedin.com/in/elizabeth-chiang-0582a432

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