Financial Vitals - Are You Viewing Money As A Tool Or The End Goal
Financial Residency
English - March 01, 2024 09:00 - 19 minutes - 14.6 MB - ★★★★★ - 295 ratingsInvesting Business Careers fellowship finance resident budgeting doctor financialplanning investing medical money physician Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
This episode is sponsored by Resolve. A physician contract review and compensation data company bringing change to physician contracts. For 10% off, add FR10 when you sign up!
What’s your perspective on money? Do you view it as a tool? Do you know how to use that tool? Is it like a hammer that you use to build a house, murder somebody, or that sits on the shelf and collects dust?
In this episode of the Finance for Physicians Podcast, Daniel Wrenne talks about using money as a tool and what happens when people don't view money as a tool.
Topics Discussed:
• Money Spectrum: Some people go to extremes, but most are in the middle
• Temptation: What is more important—more money or more time with family?
• Money is a tool that does not buy happiness but helps you attain happiness
• 3 Ways to Recognize Money as a Tool:
◦ A tool for what? What are you building?
◦ Learn to use the tool. Are you using money to build your ideal life?
◦ Maintain awareness about the outcome. Are you using money effectively?
• Key Takeaway: Money should not be the end goal—you can't take it with you
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