Wealth Minded MD

Drs. Lisha Taylor and Brittne Halford

Hi! We're Drs. Lisha & Brittne, your FAVORITE money best friends. With a unique blend of medical backgrounds, personal finance savvy, and a dash of humor, we're here to share our money mishaps, teach wealth-building strategies, and empower you to make informed financial decisions. From the heart of healthcare to the forefront of fiscal empowerment, 'Wealth Minded MD' is your go-to podcast for a wealth-minded, joyful journey towards financial freedom. Join us and transform your approach to money, one episode at a time.

  1. Everything to know about Roth IRAs, Roth 401Ks, & the Mega Backdoor Roth and when to consider each one

    4D AGO

    Everything to know about Roth IRAs, Roth 401Ks, & the Mega Backdoor Roth and when to consider each one

    Between the Roth IRA, Roth 401(k), and Mega Backdoor Roth, things can get a little confusing. In this episode, we break down the different types of Roth accounts and who should consider each one. From residents deciding between a 401(k) and a Roth IRA, to high-income earners navigating the Backdoor Roth and pro rata rule, to those nearing retirement evaluating Roth 401(k) contributions, we walk through practical scenarios to help you understand when each strategy makes sense. We also discuss tax diversification, required minimum distributions, legacy planning, and how to use multiple retirement accounts strategically to build flexibility for the future. Tune in to gain clarity and confidence in choosing the right Roth approach for your financial goals.   [00:06:16] Roth vs Traditional Retirement Accounts and Key Tax Differences[00:07:50] Why a Roth IRA Is a Smart Choice for Residents and Trainees[00:12:46] How a Backdoor Roth IRA Works Step by Step[00:18:50] Common Backdoor Roth IRA Mistakes and How to Avoid Them[00:24:07] Roth 401k vs Traditional 401k and RMD Considerations[00:28:32] Mega Backdoor Roth Strategies for High Earners     🎉 This episode is sponsored by Bona Fide Finance – Trusted financial advisors offering flat-fee, comprehensive planning to help you build wealth and financial security. Book a consultation at bonafidefinance.com/wealthmindedmd or email hello@bonafidefinance.com and tell them we sent you. Got money questions you'd like us to tackle on our next segment of Wealthy Wonders? Visit our page to submit your query. Be sure to go to our website to join the Wealthy Minds Community and download a FREE copy of our Wealthy Minds Blueprint. Claim your debt freedom with our boot camp! Don't forget to rate and review the show to help others discover us! When you do, you'll have a chance to win a free drink on us.   Wishing you a fantastic week ahead and happy wealth building!

    36 min
  2. From Refunds to Results: Smarter Tax Planning for High Earners

    FEB 18

    From Refunds to Results: Smarter Tax Planning for High Earners

    Taxes can feel overwhelming, especially when you’re not sure if you’re optimizing your strategy. In this episode, we discuss how to reframe your mindset around taxes, the importance of tax efficiency over trying to pay $0, and why having a tax strategist matters. Learn how to coordinate your financial advisor and tax planner, leverage different investment opportunities like real estate or oil and gas, and plan strategically throughout the year to avoid surprise bills. Plus, hear how personal goals, cash flow, and risk tolerance play into making tax-smart decisions. Tune in now to get the insights you need to take control of your taxes! [00:10:45] Understanding Tax Efficiency and Roth Conversions[00:17:06] What a Tax Strategist Does Beyond Filing[00:22:09] Coordinating Your Financial Team and Managing Risks[00:25:25] Choosing the Right Tax Incentives[00:26:19] Getting Started with Oil and Gas Deductions[00:27:42] Laundromat Acquisition and Bonus Depreciation[00:30:13] Financial Freedom, Passive Income, and Generational Wealth[00:36:36] When to Hire a Tax Strategist 🎧 Listen to "Nontraditional Tax Saving Strategies" and discover how you can save big on taxes through energy investments.   🎉 This episode is sponsored by Bona Fide Finance – Trusted financial advisors offering flat-fee, comprehensive planning to help you build wealth and financial security. Book a consultation at bonafidefinance.com/wealthmindedmd or email hello@bonafidefinance.com and tell them we sent you. Got money questions you'd like us to tackle on our next segment of Wealthy Wonders? Visit our page to submit your query. Be sure to go to our website to join the Wealthy Minds Community and download a FREE copy of our Wealthy Minds Blueprint. Claim your debt freedom with our boot camp! Don't forget to rate and review the show to help others discover us! When you do, you'll have a chance to win a free drink on us.   Wishing you a fantastic week ahead and happy wealth building!

    44 min
  3. Tax Strategies for High-Income Professionals

    FEB 11

    Tax Strategies for High-Income Professionals

    Many high-income professionals aren’t aware of the tax strategies available to them to reduce their tax bills. In Part 2 of our episode with Ben Martinek of Bona Fide Finance, we discuss tax strategies and financial planning tips tailored for physicians and other high-income professionals. Plus, we delve into overlooked tax deductions, the benefits of a flat-fee financial model, and complex strategies like the Augusta Rule, hiring children, and leveraging real estate investments. Tune in now to uncover actionable tips, avoid common mistakes, and take control of your financial future.   [00:07:07] Maximizing Tax Incentives for High-Income Earners[00:10:44] Advanced Tax Strategies: Hiring Family and the Augusta Rule[00:16:25] Qualified Small Business Stock Options[00:22:33] Mega Backdoor Roth and Compliance[00:26:23] Understanding Backdoor Roth Conversions[00:27:59] Exploring Cash Balance Plans and Other Strategies[00:28:27] Real Estate Investment Strategies for Doctors   🎧 Listen to Part 1: Taxes for High-Income Professionals: What You Need to Know. Don’t miss it for more essential tax strategies and insights.   🎉 This episode is sponsored by Bona Fide Finance – Trusted financial advisors offering flat-fee, comprehensive planning to help you build wealth and financial security. Book a consultation at bonafidefinance.com/wealthmindedmd or email hello@bonafidefinance.com and tell them we sent you. Got money questions you'd like us to tackle on our next segment of Wealthy Wonders? Visit our page to submit your query. Be sure to go to our website to join the Wealthy Minds Community and download a FREE copy of our Wealthy Minds Blueprint. Claim your debt freedom with our boot camp! Don't forget to rate and review the show to help others discover us! When you do, you'll have a chance to win a free drink on us. Wishing you a fantastic week ahead and happy wealth building!

    48 min
  4. Taxes for High-Income Professionals: What you need to know

    FEB 4

    Taxes for High-Income Professionals: What you need to know

    You may be wondering whether you still need a tax advisor to file your taxes and help with tax planning, and what to look for if you do. In this episode, we are once again joined by Ben Martinek of Bona Fide Finance as we share insights on tax strategies, the importance of proactive tax planning, and the role of a tax advisor in managing both current and long-term tax liabilities. Learn when it makes sense to switch from DIY tax software to professional help and why having a solid plan is key to minimizing tax surprises. Tune in to learn how to make smarter, more confident tax decisions. [00:07:53] Tax Planning Strategies for High-Income Earners with Ben Martinek[00:19:45] When to Hire a Tax Professional vs DIY Tax Software[00:27:18] How to Navigate Complex Tax Situations[00:35:17] Maximizing Tax Deductions and Benefits for W-2 Earners[00:36:45] Smart Tax Strategies for 1099 and Self-Employed Income[00:44:32] Working with Financial Advisors for Long-Term Tax Planning 🎉 This episode is sponsored by Bona Fide Finance – Trusted financial advisors offering flat-fee, comprehensive planning to help you build wealth and financial security. Book a consultation at bonafidefinance.com/wealthmindedmd or email hello@bonafidefinance.com and tell them we sent you. Got money questions you'd like us to tackle on our next segment of Wealthy Wonders? Visit our page to submit your query. Be sure to go to our website to join the Wealthy Minds Community and download a FREE copy of our Wealthy Minds Blueprint. Claim your debt freedom with our boot camp! Don't forget to rate and review the show to help others discover us! When you do, you'll have a chance to win a free drink on us.   Wishing you a fantastic week ahead and happy wealth building!

    56 min
  5. What type of spender are you?

    JAN 28

    What type of spender are you?

    Many people reach the end of the month wondering why there is less money left than expected, and your spending personality may be the reason. In this episode, we break down common spending behaviors that can impact your financial stability, including the aspirational spender, fear-based spender, convenience spender, status-based spender, emotional spender, and social spender. We explore how each of these habits affects your finances and share practical strategies to manage and correct them. Tune in to learn how understanding your spending personality can lead to smarter financial decisions and healthier money habits.   [00:08:45] Identifying Your Spending Personality[00:12:24] Aspirational Spenders and Future-Focused Spending[00:17:38] Fear-Based Spenders and Financial Anxiety[00:21:50] Convenience Spenders and Everyday Money Leaks[00:25:33] Status-Based Spending and Lifestyle Creep[00:29:03] Emotional Spending and Retail Therapy[00:32:00] Social Spending, Generosity, and Financial Obligations   🎉 This episode is sponsored by Bona Fide Finance – Trusted financial advisors offering flat-fee, comprehensive planning to help you build wealth and financial security. Book a consultation at bonafidefinance.com/wealthmindedmd or email hello@bonafidefinance.com and tell them we sent you. Got money questions you'd like us to tackle on our next segment of Wealthy Wonders? Visit our page to submit your query. Be sure to go to our website to join the Wealthy Minds Community and download a FREE copy of our Wealthy Minds Blueprint. Claim your debt freedom with our boot camp! Don't forget to rate and review the show to help others discover us! When you do, you'll have a chance to win a free drink on us.   Wishing you a fantastic week ahead and happy wealth building!

    42 min
  6. Optimizing Your Life in 2026

    JAN 21

    Optimizing Your Life in 2026

    New Year's resolutions can feel exhausting, so this year we’re exploring a different way to improve your life. In this episode, we dive into practical approaches for enhancing your life without relying on traditional resolutions. From balancing optimization and simplicity across investments, debt management, and personal time, we also highlight the importance of setting goals that truly align with your values and conducting periodic financial and time audits to help you stay aligned, efficient, and more in control of your life. Tune in to gain clarity, focus, and actionable strategies you can put into practice now.   [00:05:30] Optimizing Life in the New Year[00:08:40] Time Management and Goal Setting[00:15:29] Reflecting on 2025 Goals[00:18:31] Optimizing for Happiness Over Money[00:23:31] Evaluating and Refinancing Debt[00:27:07] Tax Implications and Asset Management   🎉 This episode is sponsored by Bona Fide Finance – Trusted financial advisors offering flat-fee, comprehensive planning to help you build wealth and financial security. Book a consultation at bonafidefinance.com/wealthmindedmd or email hello@bonafidefinance.com and tell them we sent you. Got money questions you'd like us to tackle on our next segment of Wealthy Wonders? Visit our page to submit your query. Be sure to go to our website to join the Wealthy Minds Community and download a FREE copy of our Wealthy Minds Blueprint. Claim your debt freedom with our boot camp! Don't forget to rate and review the show to help others discover us! When you do, you'll have a chance to win a free drink on us.   Wishing you a fantastic week ahead and happy wealth building!

    36 min
  7. How to increase efficiency in 2026

    JAN 14

    How to increase efficiency in 2026

    2026 is the perfect time to reset, rebuild, and refocus your financial life. In this episode, we dive into practical ways to reduce money stress, build a stronger financial cushion, and increase your financial efficiency. We break down how addressing both your physical systems and mindset limitations can dramatically improve your outcomes. You’ll learn how to set goals rooted in autonomy and margin while optimizing your habits, systems, and environment for a more balanced and sustainable financial life. Tune in to start 2026 with clarity, intention, and momentum.   [00:06:25] How to Set Effective Financial Goals for 2026[00:07:56] Creating Margin in Your Life and Finances for Better Stability[00:09:43] Identifying and Understanding Your Financial Pressure Points[00:15:37] Building Simple Systems for Long-Term Financial Success[00:19:37] Reflecting on Past Financial Goals and Overcoming Friction Points[00:24:54] Why Embracing Inefficiency Can Create More Space and Clarity[00:30:57] Optimizing What You Already Own to Improve Your Finances   🎉 This episode is sponsored by Bona Fide Finance – Trusted financial advisors offering flat-fee, comprehensive planning to help you build wealth and financial security. Book a consultation at bonafidefinance.com/wealthmindedmd or email hello@bonafidefinance.com and tell them we sent you. Got money questions you'd like us to tackle on our next segment of Wealthy Wonders? Visit our page to submit your query. Be sure to go to our website to join the Wealthy Minds Community and download a FREE copy of our Wealthy Minds Blueprint. Claim your debt freedom with our boot camp! Don't forget to rate and review the show to help others discover us! When you do, you'll have a chance to win a free drink on us.   Wishing you a fantastic week ahead and happy wealth building!

    39 min
  8. Money Challenge for the New Year

    JAN 7

    Money Challenge for the New Year

    Stepping into 2026 with stronger finances starts with intention. In this episode, we dive into the shifts that help you elevate your money life in the new year, from continuing your financial education and increasing your investments to automating your savings and giving with purpose. We also explore the role of fun purchases, the value of intentional splurges, and how to enjoy the rewards of all your hard work without guilt. Tune in and start building your momentum for a more empowered financial year.     [00:07:05] New Year Money Challenges[00:07:36] Continuing Financial Education[00:13:46] Increasing Investments for Financial Freedom[00:18:52] Automating Savings for Financial Success[00:23:54] Finding Meaningful Ways to Give[00:28:08] Allowing Yourself to Splurge[00:31:03] Optimizing Existing Finances 🎉 This episode is sponsored by Bona Fide Finance – Trusted financial advisors offering flat-fee, comprehensive planning to help you build wealth and financial security. Book a consultation at bonafidefinance.com/wealthmindedmd or email hello@bonafidefinance.com and tell them we sent you. Got money questions you'd like us to tackle on our next segment of Wealthy Wonders? Visit our page to submit your query. Be sure to go to our website to join the Wealthy Minds Community and download a FREE copy of our Wealthy Minds Blueprint. Claim your debt freedom with our boot camp! Don't forget to rate and review the show to help others discover us! When you do, you'll have a chance to win a free drink on us.   Wishing you a fantastic week ahead and happy wealth building!

    36 min

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About

Hi! We're Drs. Lisha & Brittne, your FAVORITE money best friends. With a unique blend of medical backgrounds, personal finance savvy, and a dash of humor, we're here to share our money mishaps, teach wealth-building strategies, and empower you to make informed financial decisions. From the heart of healthcare to the forefront of fiscal empowerment, 'Wealth Minded MD' is your go-to podcast for a wealth-minded, joyful journey towards financial freedom. Join us and transform your approach to money, one episode at a time.

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