How do I create multiple streams of income? How do I invest in real estate? In the Passive Income MD podcast, Peter Kim, MD, shares proven strategies and tactics to answer these questions to create your ideal life.
#64: How Many Summers Do You Have Left?
Have you ever asked yourself how many summers you have left?
A colleague said something that has really stuck with me. He said, “I don’t have too many summers left, so…” I did a little more thinking, and determined that there are a few major ways to make the most of the time I have.
So how many summers do you have left? And how are you going to make the most of your summer?
#63: My Favorite Financial Rules of Thumb
Finances can be tricky, whether you are buying a rental property, investing, or making a budget. I’ll frequently find myself getting stuck in a classic “paralysis by analysis” situation.
In times like this, what has helped me greatly is to refer to some simple rules of thumb for each situation. If you’re considering an investment or a purchase, having a rule of thumb can give you have a quick idea of whether it’s worth your time to pursue or analyze it further. Think of these rules of thumb as a basic guide to help make a quick determination.
#62: Why You Should Track Your Net Worth
I've had several discussions with my colleagues regarding personal finance and retirement. Throughout these conversations, it becomes evident that most people have no idea what they actually need to retire or if they have enough cash flow because they don't track it.
In this podcast, we are going to talk about tracking your finances.
#61: How to Manage Your Student Loan Debt with Jim Dahle
James M. Dahle, MD, FACEP is a practicing emergency physician and a veteran who developed a passion for personal finance and investing early in his career after being ripped off by financial professionals of many types.
After a lengthy self-education process, he realized nobody was teaching this material to physicians and similar high-income professionals and many of them were making the same mistakes he made. This passion grew into The White Coat Investor blog, established in May 2011 and now the most widely-read, physician-specific personal finance and investing website on the planet.
He is the best-selling author of The White Coat Investor: A Doctor's Guide to Personal Finance and Investing and The White Coat Investor's Financial Boot Camp: A 12-Step High-Yield Guide to Bring Your Finances Up to Speed.
He also has a new company to help you manage your student loan burden directly. Find out more and schedule a consultation here.
#60: Why I Don’t Have an Emergency Fund
Where do you turn if you find yourself in the middle of a financial emergency? Do you have an emergency fund?
Every situation is different, and what works for me may not work for you and I found that an emergency fund isn't the best for me. Will it be the same for you? That's what you'll have to decide for yourself.
#59: 5 Key Characteristics of Physicians Well-Prepared for Retirement
This week, we’re going to continue talking about retirement. Most would agree to feeling at least a little unprepared when it comes to retirement, while some even see retirement as a huge source of stress. So what does it take to truly feel confident in the idea of living out our retirement years in comfort? The AMA insurance company puts out reports every couple of years regarding retirement and physicians well-prepared for it. There are a lot of interesting things we can pull from this report, in this episode I’ll discuss a few of those things that I feel are important to note.
Concise to the point physician financial podcast
Have been following Peter Kim for years on his website and I really appreciate his doing this podcast. He has taught many financial well-being tips for me and the topics for the podcast are spot on
A must listen show!
After discovering this podcast, I was hooked. Dr Kim provides great advise on various common financial problems with great strategies and expert guests speaking on many topics.
Peter does such a good job covering a variety of topics. The guests offer valuable insight as well. I would recommend this podcast to anyone looking to be inspired and motivated!