896 episodes
Financial Residency Financial Residency Network
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- Business
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.
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A Physician’s Guide to Wealth - Financial Wellness 101: Your Financial Vitals
This episode is brought to you by Equity Multiple. Dedicated to assisting physicians in simplifying their investment journey, Equity Multiple enables passive investment in vetted, professionally managed commercial real estate. Learn more at www.equitymultiple.com.
In this episode of the Physician’s Guide to Wealth Podcast, James continues his financial wellness 101 series. in this episode, we explore the essential financial indicators for physicians. James provides actionable insights to help you thrive on your unique medical journey by understanding and leveraging your financial vital signs. Whether you’re a seasoned practitioner or just starting out, these vital signs will guide your financial decisions.
Tune in and discover the keys to financial health.
Click here to access your free financial wellness 101 playbook
Advisory services offered through Commonwealth Financial Network®, a Registered Investment Adviser. -
A Physician’s Guide to Wealth - Financial wellness 101: The Impact You Seek to Make
This episode is brought to you by Equity Multiple. Dedicated to assisting physicians in simplifying their investment journey, Equity Multiple enables passive investment in vetted, professionally managed commercial real estate. Learn more at www.equitymultiple.com.
In this inaugural episode of the financial wellness 101 series, James takes you on a journey to “get it together forever” financially. Imagine stepping into the shoes of a brand-new IM Wealth client, guided by James himself. No more cookie-cutter solutions from internet gurus—this path is tailored to your terms.
As technology and AI reshape our world, James warns the importance of understanding your motivation. Why take control of your money? Beyond fleeting enthusiasm, discover what sustains you when the initial spark fades. Motivation wanes and just how the gyms fill in January and empty in February every year… You must discover what will keep you going after that initial motivation wanes. This IMPACT primer helps you unearth your deeper purpose, empowering you to master your financial vital signs.
Tune in and embark on a transformative financial journey—one that aligns with your unique aspirations.
Click here to access your free financial wellness 101 playbook
Advisory services offered through Commonwealth Financial Network®, a Registered Investment Adviser. -
Coffee & Contracts - What If the Employer Doesn't Show Their Number
This episode is brought to you by Equity Multiple. Dedicated to assisting physicians in simplifying their investment journey, Equity Multiple enables passive investment in vetted, professionally managed commercial real estate. Learn more at www.equitymultiple.com.
In this episode of Contract Diagnostics, Jon discusses the importance of regularly reviewing compensation data with a case study involving a physician named David. David, who annually reviews his compensation using Contract Diagnostics' tools, faced a challenge this year when his employer refused to increase his compensation despite data suggesting he deserved an 8% raise. The employer cited a different data set, leading to a standstill.
Jon emphasizes the need for transparency and routine discussions between employers and employees about compensation reports. He advises asking for detailed reports to understand discrepancies and considering the broader context of compensation, including factors like call duty, case volume, and administrative tasks.
Jon also highlights the value of having competing job offers as leverage in negotiations. If faced with resistance, Jon recommends persisting in requesting transparency and utilizing resources like Contract Diagnostics for support.
Jon invites individuals to contact Contract Diagnostics through phone, chat, or email for personalized assistance, visit www.ContractDiagnostics.com -
Mortgage Minute - Special Episode with Cole Griggs with Regions Bank
This episode is brought to you by Equity Multiple. Dedicated to assisting physicians in simplifying their investment journey, Equity Multiple enables passive investment in vetted, professionally managed commercial real estate. Learn more at www.equitymultiple.com.
Today's episode is a special edition featuring a guest from the industry. Join me in welcoming Cole Griggs from Regions Bank. Cole and I often collaborate to find the best mortgage solutions for our clients, and today, he'll share insights on what makes Regions Bank unique.
We'll dive into the states Cole covers, including many in the South and Midwest, and explore Regions' professional loan program for various medical and professional fields. Cole will also provide his contact information and discuss how his programs differ from ours at BMO, particularly for clients with lower credit scores or unique financing needs.
Tune in for an in-depth discussion on finding the right mortgage fit and learn more about our industry’s collaborative approach to serving you best. Don't miss out on this informative episode!
You can reach Cole here: (317)446-0904
Email - cole.griggs@regions.com -
Mortgage Minute - Understanding Adjustable Rate Mortgages (ARMs)
This episode is brought to you by Equity Multiple. Dedicated to assisting physicians in simplifying their investment journey, Equity Multiple enables passive investment in vetted, professionally managed commercial real estate. Learn more at www.equitymultiple.com.
In this episode, Doug Crouse delves into the specifics of adjustable rate mortgages (ARMs). I'll explain what a 10/6 ARM is, how these loans are amortized over 30 years, and the importance of the margin and index in determining future rates. We'll also cover the significance of rate caps and how they protect you from drastic interest rate changes.
For more details, reach out to me at www.dougcrouse.com or www.dougcrousephysicianloans.com -
Grand Rounds - Spouse/partner happiness ties into our own job satisfaction
This episode is brought to you by Equity Multiple. Dedicated to assisting physicians in simplifying their investment journey, Equity Multiple enables passive investment in vetted, professionally managed commercial real estate. Learn more at www.equitymultiple.com.
Elizabeth Landry founded The Med Commons to help physician spouses and partners navigate life in the world of medicine. It can be lonely and isolating at times. Nonmedical friends may not understand the burdens placed on the partner who is trying to hold the family together when the physician partner is working 80 hours per week. They may think the physician family is so lucky when really they are saddled with $350,000 in debt and are juggling money to pay bills during residency.
Elizabeth is trying to bring physician families together so they have community. She is working with residency programs to incorporate physician spouse/partner programs into their wellness programs as family happiness equates to physician happiness, which can help with overall satisfaction, recruiting and retention.
She even has a friending app to help people find others within 50 miles who may understand and be navigating a similar pathway so they can connect. You can learn more at www.TheMedCommons.com. You can also find them on Instagram.