Real Estate Diversification - Smart Investment Strategies Finance For Physicians podcast

44:49

Disability insurance is a crucial safety net for physicians, but many don’t realize the hidden risks that could leave them financially vulnerable. In this episode, we welcome back Lawrence Keller, CFP®, CLU®, ChFC®, RHU®, LUTCF, a 34-year veteran in the insurance industry, to break down the complexities of disability coverage. With the landscape of disability insurance constantly evolving, understanding your policy’s fine print is more important than ever. Listen in as Lawrence shares tips on maximizing coverage, avoiding common pitfalls, and leveraging gender-neutral pricing to reduce costs. Whether you're a medical student, resident, or an established practitioner, this episode will give you the knowledge to make informed decisions and protect your financial future. Transform your financial outlook today! Access our exclusive free resources for physicians and conquer financial stress. Access here . P.S. We value your opinion! Share your thoughts and insights with us. Your feedback helps us improve and tailor our content to your needs. Click here to give us a piece of your mind. Links Lawrence Keller: LinkedIn | Website Ameritas MassMutual Connect with me on my LinkedIn Contact Finance for Physicians Finance for Physicians…

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Burnout to Breakthrough - Interview with Dr. Ben Stone 42:52

17 днів тому42:52

42:52

Feeling stuck in your career? If you're unhappy, making a change might be the key to a better life—especially as a physician. In this episode, Dr. Ben Stone shares his journey of navigating burnout, balancing work and life, and making smart financial decisions. He opens up about his transition to earning physician-level income, avoiding lifestyle creep, and how his perspective on patient care evolved over time. Transform your financial outlook today! Access our exclusive free resources for physicians and conquer financial stress. Access here . P.S. We value your opinion! Share your thoughts and insights with us. Your feedback helps us improve and tailor our content to your needs. Click here to give us a piece of your mind. Links Read about Ben’s experiences working as a U.S. Physician While Living in Europe! Learn more about Contract Diagnostics Contract Review and Compensation Review Services . Connect with me on my LinkedIn Contact Finance for Physicians Finance for Physicians…

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FIRE Movement Redefined - Balanced Wealth-Building Strategies 24:42

4 weeks тому24:42

24:42

Is the push to retire early actually making your life harder? In this episode, we break down the FIRE (Financial Independence, Retire Early) movement and why so many physicians feel pressured to work excessive hours just to exit their careers sooner. We discuss the hidden costs of this mindset—burnout, stress, and missed life moments—and explore a more balanced approach to financial freedom. Instead of chasing early retirement at all costs, we share practical strategies for building wealth while maintaining a fulfilling and sustainable career. Transform your financial outlook today! Access our exclusive free resources for physicians and conquer financial stress. Access here . P.S. We value your opinion! Share your thoughts and insights with us. Your feedback helps us improve and tailor our content to your needs. Click here to give us a piece of your mind. Links Connect with me on my LinkedIn Contact Finance for Physicians Finance for Physicians…

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Real Estate Diversification - Smart Investment Strategies 23:16

6 weeks тому23:16

23:16

Is real estate the key to diversification, or is it a step toward concentration? Today we dive into the complexities of diversification in real estate investing with Certified Financial Planner™ Jeff Wenger. Listen in as we explore common misconceptions and discuss what true diversification looks like, particularly when it comes to balancing real estate with other investment options. You’ll learn the significance of having a varied portfolio, how real estate fits into broader investment strategies, and why some investors might be shifting toward more concentrated portfolios without even realizing it. Transform your financial outlook today! Access our exclusive free resources for physicians and conquer financial stress. Access here . P.S. We value your opinion! Share your thoughts and insights with us. Your feedback helps us improve and tailor our content to your needs. Click here to give us a piece of your mind. Links Connect with me on my LinkedIn Contact Finance for Physicians Finance for Physicians…

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Why Budgeting Matters - Align Your Finances 24:37

8 weeks тому24:37

24:37

What does your money say about your values and priorities? In this episode, we dive into the power of budgeting—not as a punishment, but as a tool to feel empowered and in control of your finances. Listen in to learn how to take a snapshot of where your money is going, organize your spending into categories, and align your financial habits with your goals. Whether it's planning for retirement, saving for holidays, or simply gaining clarity on your expenses, this episode provides practical steps to make your finances work for you. Transform your financial outlook today! Access our exclusive free resources for physicians and conquer financial stress. Access here . P.S. We value your opinion! Share your thoughts and insights with us. Your feedback helps us improve and tailor our content to your needs. Click here to give us a piece of your mind. Links Connect with me on my LinkedIn Contact Finance for Physicians Finance for Physicians To schedule a call with one of our awesome planners, book HERE .…

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What a Trump Win Means for Your Personal Finances 24:00

10 weeks тому24:00

24:00

With the recent election now over and year-end tax planning on the horizon, many investors are feeling anxious about the future of their portfolios. In this episode, we'll cut through the noise and provide practical advice to help you navigate these uncertain times. You'll learn how to maintain a long-term perspective, avoid impulsive decisions, and understand the potential impact of upcoming tax changes. We'll also discuss the importance of working with a financial advisor to optimize your investment strategy and protect your wealth. Transform your financial outlook today! Access our exclusive free resources for physicians and conquer financial stress. Access here . P.S. We value your opinion! Share your thoughts and insights with us. Your feedback helps us improve and tailor our content to your needs. Click here to give us a piece of your mind. Links Connect with me on my LinkedIn Contact Finance for Physicians Finance for Physicians To schedule a call with one of our awesome planners, book HERE .…

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How Much House Can You Really Afford? - Budgeting for a Home 25:28

12 weeks тому25:28

25:28

How much house is the right amount? In this episode, Jen Quire, Partner and CFO, explores the financial and emotional complexities of buying a home. From changing American expectations of home size to navigating lender recommendations, Jen emphasizes the importance of aligning home purchases with your financial goals and lifestyle priorities. She shares insights on evaluating trade-offs, such as the strain of larger homes on personal finances and relationships, and explains why "dream homes" might not always be the smartest financial move. Listen in to learn how to look beyond online mortgage calculators and lender estimates to make informed decisions about housing costs. Transform your financial outlook today! Access our exclusive free resources for physicians and conquer financial stress. Access here . P.S. We value your opinion! Share your thoughts and insights with us. Your feedback helps us improve and tailor our content to your needs. Click here to give us a piece of your mind. Links Connect with me on my LinkedIn Contact Finance for Physicians Finance for Physicians To schedule a call with one of our awesome planners, book HERE .…

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Avoid Getting Taxed Twice - Common Errors and Easy Fixes 32:53

14 weeks тому32:53

32:53

Are you unknowingly paying more taxes than you should? Double taxation is a common but avoidable issue that costs people thousands of dollars each year. In this episode, financial planner Hugh Baker joins us to break down three critical tax strategies that are often misused. Listen in to learn how to recognize the pitfalls of the backdoor Roth strategy, why mixing account types is a bad idea, and the importance of saving key tax forms to prevent costly mistakes. Transform your financial outlook today! Access our exclusive free resources for physicians and conquer financial stress. Access here . P.S. We value your opinion! Share your thoughts and insights with us. Your feedback helps us improve and tailor our content to your needs. Click here to give us a piece of your mind. Links Connect with me on my LinkedIn Contact Finance for Physicians Finance for Physicians To schedule a call with one of our awesome planners, book HERE .…

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The SAVE Plan Blows Up – What’s Next for Physicians and Student Loans? 22:36

16 weeks тому22:36

22:36

We’re back! After a brief hiatus, we’re excited to relaunch Finance for Physicians with fresh insights and a commitment to bringing you new episodes twice a month. Today, I’m sitting down with student loan expert Jeff Wenger, and together we’re tackling the latest in student loan chaos—specifically, the SAVE Plan, which has recently been hit with a court injunction, throwing many borrowers into uncertainty. Listen in as we break down how this ruling could affect physicians working toward Public Service Loan Forgiveness (PSLF), what repayment options are still on the table, and what might happen if the SAVE Plan doesn’t survive. Transform your financial outlook today! Access our exclusive free resources for physicians and conquer financial stress. Access here . P.S. We value your opinion! Share your thoughts and insights with us. Your feedback helps us improve and tailor our content to your needs. Click here to give us a piece of your mind. Links StudentAid.gov Connect with me on my LinkedIn Contact Finance for Physicians Finance for Physicians To schedule a call with one of our awesome planners, book HERE .…

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Aligning Values With Your Work And Deciding To Practice Medicine Differently 58:43

1 year тому58:43

58:43

We’re going into the vault again to bring back the stories of Drs. Diana Girnita, Anastasia Boyer, and Daniel Paull, to give you side-by-side examples of physicians deciding to take the leap into direct care. Each of them had slightly different reasons to do it. They all agreed their patients needed better care. They all had to deal with a tricky financial (and social) transition. Let’s rewind, reflect, and reignite our passion for transformative healthcare together. Tune in and get ready to be inspired all over again! Transform your financial outlook today! Access our exclusive free resources for physicians and conquer financial stress. Access here . P.S. We value your opinion! Share your thoughts and insights with us. Your feedback helps us improve and tailor our content to your needs. Click here to give us a piece of your mind. Links Connect with me on my LinkedIn Contact Finance for Physicians Finance for Physicians To schedule a call with one of our awesome planners, book HERE .…

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Making Medicine Work For YOU (Not The Other Way Around) - 2 Examples To Follow 53:44

1 year тому53:44

53:44

You’re going to die after listening to this. That’s a hard truth, but most of us don’t act that way. In this podcast, we talk to a couple of doctors that did. And in doing so, found a way to align their passions with their paychecks. They found a way to love what they do. So listen in as we talk to Doctors Jordan Grumet and Andy Berkowski whose brushes with death gave them the courage to take real action towards finding true fulfillment in their work. Dr. Jordan Grummet was a hospice doctor when he realized too many people waited until it was too late to live the life they truly wanted to live. This set him on a path to live his own life that way. He got his finances in order, reduced his workload for anything that didn’t fill his bucket, started leaning into things he was passionate about, and eventually became a full-time author, podcaster, and speaker with a side of medicine, not the other way around. Dr. Andy Berkowski was a sleep doctor working in a research facility when he had a brush with death himself, facing a serious cancer diagnosis. He too got his finances in order and took different opportunities in research until he figured out that starting a direct care practice was the thing that would bring him the most joy and create the most impact. You’ll see some recurring themes in these stories once they gain clarity-Getting their finances in order Taking iterative steps toward their passions Finally, understanding they could make their medical careers be the thing that supports their passion, not the other way around. We hope by listening to this, we help you gain the clarity that proximity to death gave them. But don’t forget, you have limited time to act…. Enjoy! Transform your financial outlook today! Access our exclusive free resources for physicians and conquer financial stress. Access here . P.S. We value your opinion! Share your thoughts and insights with us. Your feedback helps us improve and tailor our content to your needs. Click here to give us a piece of your mind. Links Connect with me on my LinkedIn Contact Finance for Physicians Finance for Physicians To schedule a call with one of our awesome planners, book HERE .…

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Feeling Trapped? 3 Steps To Break The Golden Handcuffs Or Your Hospital Salary 54:10

1 year тому54:10

54:10

In speaking to hundreds of doctors a month, it's obvious that many feel trapped by their hospital salary, and that can lead to burnout, but it doesn't need to be this way! That's why we went back into our past episodes to give you 3 examples of physicians like you who have broken free of the golden handcuffs put on them by hospitals. You'll see that they each had 3 commonalities: There was an "AHA!" moment when their priorities shifted. For these 3 physicians, it coincided with the birth of a child (not always the first), but for you, it's important to validate that it's ok when your priorities shift. Needing to take action became apparent thanks to a 3rd party diagnosis. As a doctor, everyone counts on you to diagnose things for them, and it's ok to need that too. Whether it's a mentor, a good friend, a coach, or a financial advisor, find people who can give you perspective outside yourself. No one got there with one step, but they all got started. You'll see each of these physicians took multiple steps that eventually got them the freedom they desired. What is most important was that they got started. You'll hear from Dr. Mamta Kumar, Dr. Param Baladandapani, and Dr. Ronnie Shalev in this episode with a brief intro from Daniel in each one. Transform your financial outlook today! Access our exclusive free resources for physicians and conquer financial stress. Access here . P.S. We value your opinion! Share your thoughts and insights with us. Your feedback helps us improve and tailor our content to your needs. Click here to give us a piece of your mind. Links Connect with me on my LinkedIn Contact Finance for Physicians Finance for Physicians To schedule a call with one of our awesome planners, book HERE .…

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Feeling Trapped By Your Salary Because Of Monthly Expenses? Listen To This 41:01

1 year тому41:01

41:01

It's completely normal to want to increase your spending as soon as you become an attending physician (you definitely earned it), but if your monthly expenses are forcing you to stay in a situation you don't like, it's a real problem. The best way to free yourself from that burden is to live a little below your means until you find yourself in a sustainable situation. That's why we put together this compilation of advice from other doctors who have done this. You'll hear from Dr. Disha Spath, Dr. Caroling Clerisme, and Dr. Latifat Akintade in this episode with a brief intro from Daniel in each one. Transform your financial outlook today! Access our exclusive free resources for physicians and conquer financial stress. Access here . P.S. We value your opinion! Share your thoughts and insights with us. Your feedback helps us improve and tailor our content to your needs. Click here to give us a piece of your mind. Links Connect with me on my LinkedIn Contact Finance for Physicians Finance for Physicians To schedule a call with one of our awesome planners, book HERE .…

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Physician Home Loan Updates for 2024 with Richard Ricci 48:06

1 year тому48:06

48:06

Join Daniel Wrenne in this episode of Finance for Physicians as he sits down with mortgage expert Richard Ricci. Together, they unravel key insights to guide physicians through the journey of buying their dream homes. Discover the importance of a solid financial plan, the magic credit score number for optimal mortgage terms, and how timing can be the game-changer in your home-buying process. Tune in for expert tips tailored to physicians, ensuring a smooth and confident transition into homeownership. Connect with Richard Ricci for personalized mortgage advice that aligns with your unique financial goals. --------------------------------------------------------------------------------------------------------------------------- The opinions, statements, and viewpoints expressed by Richard Ricci do not necessarily reflect the opinions of Truist. Truist is not responsible for and does not endorse any views expressed other than their own. Links: Richard Ricci - Mortgage Loan Officer, NMLSR # 659699 Richard Ricci on LinkedIn Contact Finance for Physicians Finance for Physicians…

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Should You Switch Hospitals? Start Private Practice? Leave Medicine? - A DIY Exercise 37:17

1 year тому37:17