Doctor Money Matters artwork

Doctor Money Matters

64 episodes - English - Latest episode: almost 4 years ago - ★★★★★ - 207 ratings

Welcome to the Doctor Money Matters podcast.



I am your host Dr. Tarang Patel, a practicing diagnostic radiologist in Phoenix, AZ.



I started this podcast as a way to share knowledge about financial matters as they relate to health care professionals. We spent many years learning about the science and art of providing patient care but most of us have relatively little knowledge about reaching financial well being. I know that I had no formal training in setting up investment accounts, negotiating contracts, buying insurance, buying real estate, etc. I just learned by reading and also by making many mistakes. Health care professionals are trusted to take put their patients needs first and we in turn assume everyone in other fields work the same way. Unfortunately this is not always true.



By talking about these topics, I hope we can reduce the many financial mistakes that prior generations of doctors have made. Those physicians were able to overcome these mistakes because of shorter training periods, less debt, and they were more likely to be in private practice. Today we no longer have those luxuries and many of us have significant debt burdens. The good news is that we also have access to information that the prior generation never had.



A little background about me. As I said before I am a practicing radiologist in Phoenix, AZ. I went to undergrad at Indiana U. (Go Hoosiers), medical school at the Kirksville College of Osteopathic Medicine (Now AT Still Univ) in Missouri, moved east and did my radiology residency at New York Hospital-Weill Cornell Medical Center in Manhattan. I then moved west to serve my Air Force commitment at Nellis AFB in Las Vegas, NV. I then did a fellowship in Body/Musculoskeletal Imaging at Mayo Clinic Arizona. Since I finished training I have been in a hospital employed group for the last 6 years.



I have always enjoyed learning about finance and have read (listened to) many of the financial books. I also spent time reading on the bogleheads.org forum which I found to be a valuable source of information. Finally I just observed that many of my colleagues and I had the same questions about relatively basic financial matters but it was difficult to find clear answers.



Hopefully you find these podcasts useful. I encourage you to subscribe to them, that way you will be updated when any episodes are released automatically. Also please let your friends and colleagues know about this podcast.



Please give us good feedback on iTunes, Google Play and stitcher and if you have suggestions on topics or how to improve the podcast please send your emails to [email protected]

Social media links:

twitter @drmoneymatters

Facebook www.facebook.com/doctormoneymatters/



Please understand that this show is for entertainment and education only and you should do your own research and speak with the appropriate experts prior to making any changes in regards to material you may have heard on the show. The opinions from the guests on this show are their own and do not necessarily reflect those of the host or of Doctor Money Matters, LLC.

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Episodes

Episode 14. Bob Collins -- Physician Recruitment

July 30, 2017 18:18 - 28 minutes - 16.4 MB

In this episode I talk with Bob Collins of the Medicus Firm, a physician recruitment firm. Bob has spent many years in this field and gives great insight into the job hunt. Many physicians now use a recruiter to help with searching for the right job. We talk about the job market and what is hot right now in the medical field, what can a recruiter do for you, and some of the tips he has gained from years in this field. Primary care and psychiatrists seem to be in major demand. Whether you...

Episode 13. Charles Cochran, MD -- Lifeofamedstudent.com

July 20, 2017 07:00 - 23 minutes - 16.8 MB

Welcome to the DMM Podcast. I am doing a series on social media and a few of my upcoming guests will be physicians who have used social media to create a strong following. I think it is important to understand the pros and cons of social media, and to realize that many of our patients use it to access information about us as practitioners and for health topics in general. Its also a great way to network and educate ourselves about the latest topics in our fields. Finally some physicians have...

Episode 12. Tarang Patel, DO -- Roboadvisors

July 06, 2017 10:00 - 30 minutes - 21.1 MB

This is my first solo episode. I talk about roboadvisors and the pros and cons of using them. I also review some of the larger and most popular companies providing this service. What is a robo-advisor? It is a computer algorithm based approach to managing your investments. (Note this generally applies to your stock market accounts) A robo advisor is designed to eliminate the need for an individual to make trading decisions about the stocks or ETFs in an account.  This is not the same as ...

Episode 11. Keith Smith, MD -- Fixed Cost Surgery

June 14, 2017 10:00 - 36 minutes - 25.1 MB

As healthcare professionals, we can all agree that the healthcare system in the US is broken. It's too difficult to maneuver for patients and practitioners alike. Today we talk with Dr. Keith Smith, anesthesiologist and a founder of the Surgery Center of Oklahoma. This practice is a pioneer in cost transparency and as you will hear during our interview, charges a fixed price for many common outpatient surgeries. Dr. Smith and his partners understood many years ago the challenges of dealing w...

Episode 10. Kenyon Meadows, MD -- Real Estate Investing

May 25, 2017 09:30 - 30 minutes - 27.6 MB

Are you looking for passive income?  Are you afraid of putting all your investment eggs in the stock market? Have you ever thought about buying real estate as an investment? My guest today had those thoughts when he decided to get into real estate investing after the economic downturn of 2008-2009. Dr. Kenyon Meadows is a radiation oncologist in SE Georgia who has branched out his investments to include real estate in the form of single family homes, hard money lending, and crowdfunding. I...

Episode 9. Joseph Kim, MD MBA -- What you need to know about physician MBAs

May 17, 2017 15:54 - 35 minutes - 20.8 MB

Have you ever thought that you need more business knowledge? Are you considering an MBA so that you can move into the administrative or corporate world? I have thought about it for years. My guest on this episode is Dr. Joseph Kim, MD, MBA. He has served as faculty for the American Association for Physician Leadership (formerly known as the American College of Physician Executives). He has written articles for the Physician Leadership Journal (formerly known as the Physician Executive Journa...

Episode 8. Jon Appino -- Employment Contracts

May 03, 2017 11:00 - 51 minutes - 23.8 MB

This episode is about employment contracts. This episode is packed with information about what you need to look for before signing the contract. Many health care professionals change jobs more frequently than ever before and even if they stay where they are the terms of employment may change. You need to be aware of the key items in the contract. My guest is Jon Appino of Contract Diagnostics a contract review firm in Kansas City. Jon and his team only deal with physician contracts and hav...

Episode 7. Travis Hornsby -- Student Loans

April 25, 2017 04:30 - 44 minutes - 20.9 MB

This episode is about student loans. If you are or recently were in medical, dental, or other health professional school, you already know that education costs are out of control. Costs at the Univ of Pennsylvania, one of the nation’s best medicals schools was $1200 in 1960, rising to $20000, by 1990 and $58000 by 2016 (according to their website http://www.archives.upenn.edu/histy/features/tuition/1960.html).  This is insanity and completely unsustainable. Incomes have not kept up with thi...

Episode 6. Josh Umbehr, MD -- Direct Primary Care

April 18, 2017 04:30 - 45 minutes - 21.1 MB

Welcome to the Doctor Money Matters Podcast. This is a podcast about financial topics related to the healthcare professional. I am your host Dr. Tarang Patel, a diagnostic radiologist in Arizona. This episode is about Direct Primary Care. This is a practice model that is an evolution of the concierge medical practices that you may be familiar with.  Our guest, Josh Umbehr, MD is a family medicine physician in Wichita, KS who (with his partner Doug Nunamaker) started Atlas MD. This is a low...

Episode 5. Cory Fawcett, MD -- Eliminating Debt

April 10, 2017 06:00 - 40 minutes - 21.5 MB

Welcome to the Doctor Money Matters Podcast. This is a podcast about financial topics related to the healthcare professional. I am your host Dr. Tarang Patel, a diagnostic radiologist in Arizona. Our guest was Cory Fawcett, MD a recently retired surgeon in Oregon who has written books for medical professionals including Eliminating Debt which we talked about on the show. It and his other books are available on Amazon or his own website drcorysfawcett.com By eliminating debt from student ...

Episode 4. Anjali Jariwala, CPA -- Taxes

March 30, 2017 16:00 - 33 minutes - 33.6 MB

  Welcome to episode 4 of the Doctor Money Matters podcast. We discuss the tax issues and finances with Anjali Jariwala, CPA founder of FIT Advisors. Taxes are a major issue for many high income healthcare professionals and proper planning can help minimize the pain.

Episode 3. Ike Devji, JD -- Asset Protection

March 28, 2017 16:00 - 42 minutes - 41.7 MB

      Welcome to Episode 3. In this episode our guest is Ike Devji, JD an attorney in Phoenix, AZ who specializes in asset protection. This is an area of finance in which many healthcare professionals have little knowledge. Listen to Ike as he explains important concepts that you need to take to protect your assets prior to a lawsuit.   

Episode 2. Joel Greenwald, MD, CFP Basics of Financial Planning

March 17, 2017 04:43 - 32 minutes - 30.2 MB

Welcome to episode 2. In this episode, our guest is Joel Greenwald, MD, CFP an internist who became a financial planner. Dr. Greenwald's company focuses on helping health care professionals with their financial situation. We discuss what to look for in a financial planner, when to start this process, and what you need to learn about retirement accounts.  Click here for the episode 2 continuing education quiz.    

Episode 1. Jamie Fleischner — Disability and Life Insurance

March 12, 2017 04:49 - 27 minutes - 28.3 MB

Welcome to the premiere of the Doctor Money Matters podcast. This episode starts with a short introduction about the podcast and your host, Tarang Patel, DO. We then discuss the basics of disability and life insurance with Jamie Fleischner, the founder of Set for Life Insurance, in Colorado. Jamie talks about what you need to know when buying these important policies which are part of a good financial foundation. Healthcare professionals are a big target for some unscrupulous insurance agent...

Guests

David Anderson
2 Episodes
Joseph Kim
1 Episode
Ryan Inman
1 Episode
Travis Hornsby
1 Episode

Twitter Mentions

@drmoneymatters 51 Episodes
@docgdiversefi 2 Episodes
@kurtschoppe 2 Episodes
@doctorwes 2 Episodes
@lifeofmedstudnt 1 Episode
@drericlevi 1 Episode
@suredividend 1 Episode
@highincparents 1 Episode