Money Checkup with Anjali Jariwala
66 episodes - English - Latest episode: almost 3 years ago - ★★★★★ - 35 ratingsWhat’s your financial pulse? Join FIT Advisors for a semi-monthly checkup appointment as we discuss the many facets of financial well-being - from foundational money management to the unique personal finance scenarios of physicians and business owners. CERTIFIED FINANCIAL PLANNER(TM) and CPA Anjali brings you in-depth conversations with field experts that reflect FIT Advisors’ commitment to inclusiveness and fresh voices in the world of finance. Together, Anjali and her guests cover all the areas your money touches - taxes, real estate, long-term savings, entrepreneurship, and much more. Get to know Anjali and the hands-on approach she takes to improving your financial health.
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Episodes
Biden's Proposed Tax Changes and a Summer Hiatus
May 25, 2021 12:27 - 24 minutes - 56.5 MBJoe Biden ran on a number of proposed tax law changes during the 2020 campaign. Several of these proposals temporarily took effect as part of the American Rescue Plan, and several others have been introduced in Congress. Note that, historically, major tax reforms seem to pass towards the end of the year, with changes applying to the following year. In this episode, I’ll summarize some of the proposed changes. Also, Money Checkup will be taking a hiatus after this episode. This summer I’m ...
Developing and Teaching Financial Literacy with Jedidiah Collins
May 11, 2021 07:30 - 39 minutes - 89.6 MBWhile playing professional football, Jedidiah Collins realized that he didn’t know how to manage money. Despite earning a high salary, he’d spend most of his paycheck right after he received it and didn’t know how to plan for the future. With encouragement from his family and mentor, he began to learn about personal finance, eventually studying for the CFP® exam during the offseasons. After a few years of working in wealth management, Jedidiah realized his passion was helping people who were...
Contract Review for Physicians with Poonam Lakhani
April 27, 2021 07:30 - 47 minutes - 109 MBPhysician contracts can be very complex, and often physicians turn to attorneys for help reviewing them during the negotiation process. Poonam Lakhani, an employment and business attorney with The Prinz Law Firm, works with physicians to do just that. She reviews contracts to understand compensation structures, non-compete clauses, termination clauses, whether there are specific steps that can lead a physician to become a partner, and more. “My goal is to make sure that as much is defined ...
Designing Your Wealth with Dasarte Yarnway
April 13, 2021 07:30 - 42 minutes - 48.9 MBDasarte Yarnway founded his own wealth management firm at age 24 out of a desire to help people create multi-generational wealth. At Berknell Financial Group, he encourages clients to think deeply about their relationship to and beliefs about money, then works alongside them to create a unique, holistic plan that reflects their values across all aspects of their financial life. Then, he helps clients use their wealth to invest in themselves, their families, and their communities. “How do ...
Managing Your Business Cash Flow with Tracey Bissett
March 30, 2021 07:30 - 33 minutes - 76.7 MBTracey Bissett works with business owners to help them understand their financials, manage their cash flow, and set pricing in a way that ensures they earn a fair salary. Though Tracey believes it is essential for business owners to know their numbers, she doesn’t believe anyone should feel shame because they don’t — and she works with her clients to understand where those feelings come from and develop strategies for addressing them. “I don’t see how you can actually hit your goals for y...
How to Read a Loan Estimate with Christina Razzi
March 16, 2021 07:30 - 49 minutes - 114 MBIn this episode, US Bank loan officer Christina Razzi (NMLS# 162739) walks us line by line through a loan estimate. She outlines what each number means, which ones vary from bank to bank or from state to state, and which are estimates that will change as you get closer to closing. Here is a sample loan estimate that you can use to follow along: https://www.consumerfinance.gov/owning-a-home/loan-estimate For more detail, visit: https://fitadvisors.com/how-to-read-a-loan-estimate
How to Maximize Your Tax Savings in 2021 [BONUS]
March 09, 2021 08:30 - 55 minutes - 126 MBI recently had the opportunity to join former Money Checkup guest Brent Lacey on his podcast, The Scope of Practice. We talked in detail about tax planning for 2021 and beyond. I hope you enjoy this bonus episode! For more details and to learn more about The Scope of Practice, visit: https://www.thescopeofpractice.com/podcast-episode-40-how-to-maximize-your-tax-savings-in-2021-anjali-jariwala-ceo-of-fit-advisors/
Financial Literacy for Kids with Mac Gardner, CFP®
February 23, 2021 08:30 - 39 minutes - 90.2 MBA few years ago, one of Mac Gardner’s clients approached him. She served on the board of a children-serving nonprofit, and she asked if Mac could create some financial literacy materials for the kids the organization served. Mac did — and he learned along the way that many kids have very little exposure to the basics of personal finance. He created The Four Money Bears to help instill in kids those basic principles. “There are really only four things you can do with money: Spend it, save i...
Developing Healthy Habits that Last with Katrina Ubell, MD
February 09, 2021 08:30 - 47 minutes - 108 MBKatrina Ubell, MD worked for a decade as a pediatrician. After years of big fluctuations in her weight, she lost 45 pounds in a year and has been able to keep it off since. With her physician husband’s encouragement, she left her practice to launch her own business, where she focuses on helping other physicians understand their food habits so they can make permanent changes to their lifestyles. “Swapping out different actions will only help for so long, because you’ll still be thinking th...
Diversity in Investing with Rob Rahbari
January 26, 2021 13:20 - 40 minutes - 91.9 MBLess than 2% of global assets under management, across mutual funds, hedge funds and other asset classes, is managed by women and people of color, according to a 2019 Knight Foundation report. After a decades-long career in investing, University of Rochester Senior Investment Officer Rob Rahbari knew statistics like these. So in 2020, when the university’s president challenged every university department to recommit to diversity, equity and inclusion, Rob and his teammates developed an open-...
Communicating Uncertainty with ‘Sketch Guy’ Carl Richards
January 12, 2021 08:30 - 46 minutes - 106 MBFinancial planners are like pilots, Carl Richards says. We can create flight plans for our clients, showing them a map of the next few decades. But life and the markets both change in ways we don’t expect. Financial planners need to learn to communicate that uncertainty, and to establish themselves as guides who can adjust plans as clients’ lives and goals change. “You can have the best investment plan in the world, but if you don’t know why you have it, you’re not going to get where you w...
Navigating Market Uncertainty In A Crisis [RERUN]
December 29, 2020 08:30 - 58 minutes - 53.7 MBIn the first few weeks of the COVID-19 pandemic, the markets were incredibly volatile. But they stabilized fairly quickly, and now, it looks as if the stock market will end 2020 at or near record highs. In March, Trace Tisler reminded us that prudent investors don’t chase returns — that makes investing a game rather than a strategy. Diversification is key to weathering storms. He was largely correct. To prepare for the next crisis, listen to his advice: https://fitadvisors.com/episode-34-nav...
Coping With Stress Through Mindfulness [RERUN]
December 15, 2020 08:30 - 50 minutes - 46 MBEvents during 2020 — the COVID-19 pandemic, social unrest, economic uncertainty — upended our lives in many ways, straining our mental and emotional health. In May, psychologist Amee Dassani joined me on the show to provide insight on managing stress and practicing mindfulness. If you missed this episode in the spring, or if you could benefit from that advice again, it's here! https://fitadvisors.com/episode-37-coping-with-stress-through-mindfulness
Year-End Wrap-Up 2020
December 01, 2020 08:30 - 31 minutes - 35.6 MBAs 2020 draws to a close, it may be difficult to remember every event that affected your finances. In this episode, we'll cover Paycheck Protection Program loans, student loans, and mortgage refinancing. I'll also discuss a few things to keep in mind for your 2020 tax planning, including charitable contributions and retirement plan contributions.
Physician Leadership with Brent Lacey, M.D.
November 17, 2020 08:00 - 40 minutes - 37.4 MBDr. Brent Lacey coaches physicians in all phases of their careers — whether it's to find the right institution for their goals, to assume leadership roles and advocate for change within those institutions, to launch their own practices, or to master their personal finances. Though physicians typically work in silos, Brent says, COVID-19 has demonstrated how important it is for physicians to understand the inner workings of their hospitals or practices and to advocate for the changes they ...
Growing Your Real Estate Investing Business with Semi-Retired MD
November 03, 2020 08:00 - 43 minutes - 101 MBKenji Asakura and Letizia Alto are experienced and passionate real estate investors. They share their knowledge with other physicians and high income earners through their business, Semi-Retired MD, which offers courses, coaching and more. “Whenever you’re in a challenge, say, ‘how can I?’ Then figure out every possible solution and try them, and never give up and say ‘this is impossible.’ There’s always a possible solution — you’ve just got to figure it out and try to hit it from as many...
Money, Entrepreneurship and Marriage with Farnoosh Torabi
October 20, 2020 12:01 - 41 minutes - 38.1 MBYou may already know Farnoosh Torabi. She’s a financial journalist and TV and podcast host who appears regularly on The Today Show, NextAdvisor, Bloomberg Opinion, CNBC and more. She is the author of several books, the most recent of which is When She Makes More: 10 Rules for Breadwinning Women. In addition to running her own business, Farnoosh is a wife and mom to two kids. She and her family live in New Jersey. https://fitadvisors.com/farnoosh-torabi-personal-finance-female-breadwinn...
Finding the Right CPA for Your Business with Geraldine Carter
October 06, 2020 07:00 - 43 minutes - 39.6 MBGeraldine Carter believes CPAs should do more than compliance. A great CPA, she believes, can act as a fractional CFO, offering cash flow forecasting and strategic support to business owners. She founded She Thinks Big Coaching and launched her podcast, Smart Strategy for CPAs, to do just that: Help CPAs establish themselves as key members of business owners’ teams, focusing on specific niches where they can develop expertise. On the other side of the equation, Geraldine encourages busin...
Planning for a Career in Tech with Chloé A. Moore, CFP®
September 22, 2020 07:00 - 36 minutes - 41.7 MBThe tech industry can be challenging to navigate. Tech workers tend to change jobs often as startups launch or fail. Many are compensated not only with a traditional salary and benefits package, but with stock options — which, if a company succeeds, can result in “life-changing amounts of money” for employees. Chloé A. Moore, CFP® helps tech workers prepare for those incredible possibilities while protecting themselves and their financial security. https://fitadvisors.com/money-checkup-tech-...
Charting Your Unique Financial Path with Lauryn Williams, CFP®
September 08, 2020 07:00 - 41 minutes - 47.7 MBLauryn Williams became a professional track and field athlete at age 20. Suddenly, she found herself earning six figures and, despite studying finance in college, she ended up working with two financial planners who took advantage of her inexperience. In this episode, Lauryn speaks candidly about her mistakes — especially buying more house than she could afford — and how she now tries to provide frank, accessible advice to her clients as the founder of her own financial planning firm, Worth ...
Investing in Multifamily Real Estate
August 25, 2020 07:30 - 42 minutes - 48.7 MBVeena Jetti is a real estate investor specializing in multifamily properties. At her firm, Vive Funds, she seeks to develop investment opportunities, primarily in Texas and Florida, then to bring investors together to take advantage of those opportunities. She continually reminds potential investors that they’re investing in the sponsorship team as much as the property itself. A good team can make a good deal into a great deal, she says; the opposite is less likely. https://fitadvisors.com/v...
Student Loans During and After the Pandemic
August 11, 2020 10:25 - 40 minutes - 37.2 MBAt the beginning of the COVID-19 pandemic, the CARES Act paused interest on federal student loans. Legislators have been discussing additional student loan relief as they work on additional stimulus legislation. Travis Hornsby, founder of Student Loan Planner, says it’s important for borrowers to keep an eye on these changes so they can plan for their futures. https://fitadvisors.com/travis-hornsby-student-loans-pandemic-policy-change/
Buying Property During the COVID-19 Pandemic
July 28, 2020 07:00 - 28 minutes - 20.7 MBAmber Romo is a real estate agent in the Los Angeles area. Despite the COVID-19 pandemic, she and her team are busy with home purchases and sales. https://fitadvisors.com/buying-property-during-the-covid-19-pandemic
Creating a Mission-Driven Business
July 14, 2020 07:00 - 42 minutes - 33.2 MBBrian Thompson is a tax attorney and CFP® who works with LGBTQ+ founders of mission-driven businesses to hone their ideas and maximize their impact. https://fitadvisors.com/episode-42-creating-a-mission-driven-business
Choosing the Right Real Estate Agent
June 30, 2020 07:00 - 38 minutes - 29.1 MBA real estate agent can be instrumental in buying or selling your home. Chicago’s Suchi Bhagat explains what agents do and how to identify a partner. https://fitadvisors.com/episode-41-choosing-the-right-real-estate-agent
Planning for Military Benefits
June 16, 2020 07:00 - 49 minutes - 40.2 MBWilma Broering, CFP®, is a financial counselor to military service members. She is dedicated to helping service members navigate the day-to-day challenges of military life, take advantage of their benefits, and save for retirement. She retired from a financial planning practice in 2008, where she served the general population, before narrowing her focus to military members.
Running a Business From Home With Kids
June 02, 2020 07:00 - 50 minutes - 46.4 MBAnjali Jariwala and Mary Beth Storjohann are working and parenting full-time from home during the pandemic. They’re both learning to say no more often. Learn how. https://fitadvisors.com/episode-39-running-a-business-from-home-with-kids
Launching a Practice with a Partner
May 19, 2020 07:00 - 56 minutes - 51.3 MBDavid Lieberman and Sachin Parikh of Palo Alto’s L&P Aesthetics share their tips for a successful partnership in a medical practice. https://fitadvisors.com/episode-38-launching-a-practice-with-a-partner
Coping With Stress Through Mindfulness
May 05, 2020 07:00 - 50 minutes - 46 MBThe COVID-19 pandemic has upended our lives in many ways, straining our mental and emotional health. I recently had psychologist Amee Dassani on the show to provide insight on how to get through this crisis and manage stress. Join us and listen to the episode now. https://fitadvisors.com/episode-37-coping-with-stress-through-mindfulness
A High School Teacher’s Approach to Navigating COVID-19
April 21, 2020 07:00 - 27 minutes - 25.6 MBKids around the country have been out of school for weeks now and may not return until the fall. Monica Jariwala, a high school teacher, joins us to talk about what teens are experiencing during the COVID-19 pandemic and how families Read more: https://fitadvisors.com/episode-36-a-high-school-teachers-approach-to-navigating-covid-19
Planning in Times of Uncertainty
April 07, 2020 07:00 - 38 minutes - 36.2 MBHas your financial situation changed, or do you expect it to change, as a result of the COVID-19 pandemic? Review your emergency fund and make any changes you need to make; review your estate planning documents, and take advantage of expanded unemployment benefits and delayed student loan payments. Talk to your financial advisor about immediate, specific steps you can take to weather this storm. Read more: https://fitadvisors.com/episode-35-planning-in-times-of-uncertainty
FULL EPISODE | Navigating the Market Uncertainty of COVID-19
March 24, 2020 22:25 - 58 minutes - 53.7 MBThis show was initially syndicated partially to Apple Podcasts. We're republishing it in an effort to share the full show. The last two weeks have been full of market volatility, making many people anxious about their finances. The COVID-19 is putting external pressure on our economy. Traditional economic stimulus tools may not work as they have in the past. The next weeks and months are likely going to be rocky, but that doesn’t mean you should pull your investments out of the markets — ...
Navigating the Market Uncertainty of COVID-19
March 24, 2020 05:00 - 58 minutes - 53.7 MBThe last two weeks have been full of market volatility, making many people anxious about their finances. The COVID-19 is putting external pressure on our economy. Traditional economic stimulus tools may not work as they have in the past. The next weeks and months are likely going to be rocky, but that doesn’t mean you should pull your investments out of the markets — that’s a risky gamble that, historically, has not paid off. ABOUT THE GUEST: Trace Tisler, CFP® is a financial advisor ba...
Estate and Succession Planning
March 10, 2020 07:00 - 1 hour - 54.5 MBPuneet Cham joins Money Checkup to talk about the nuts and bolts of making your estate plan: Power of attorney for healthcare, power of attorney for property, guardianship for minor children, revocable trusts, a succession plan for your business, and more. Even if you feel like you won’t need your estate plan for many years, putting one in place will ensure that your family and your asset are protected. Puneet Cham is a partner at Latimer LeVay Fyock who focuses on holistic estate planni...
Planning for Marriage, From Weddings to College Funds
February 25, 2020 06:00 - 53 minutes - 50.7 MBKaya Ladejobi is the founder of Earn Into Wealth, a financial planning firm that serves high-earning women and dual-career couples. Kaya holds an MBA in entrepreneurship and is a Certified Financial Planner™. She works virtually with clients in their 30s and 40s as they navigate student debt, weddings and honeymoons, having children and planning for family obligations. EPISODE HIGHLIGHTS Weddings are often the first big expenses couples assume together. Kaya encourages her clients to u...
Short-Term Rentals and Life Beyond Medicine with David Draghinas of Doctors Unbound
February 11, 2020 06:00 - 40 minutes - 42.8 MBDavid Draghinas is the host of Doctors Unbound, a podcast for and about physicians who are doing extraordinary things inside and outside the medical field. He practices clinical medicine as an anesthesiologist in the Dallas area on top of spending time with his wife and their four children. David is an anesthesiologist in working private practice with Metropolitan Anesthesia Consultants in the Dallas area. He is a graduate of the USC Keck School of Medicine who started his career as a U.S....
Value-Based Financial Planning with Scott Frank, CFA, CFP
January 28, 2020 06:00 - 44 minutes - 43.8 MBWhen it comes to financial planning, the default is to think that you’re just dealing with dollars and cents. In reality, it’s so much more than that. financial planning is about figuring out what you value in life, too. In today’s episode, my guest, Scott Frank, CFA, CFP, of Stone Steps Financial talks about how to connect what you’re doing with your money to what you’re doing with your life. And as financial planners, what we can do to help! Read more about Scott here: https://fitadvi...
Financial Tips for the New Year
January 14, 2020 06:00 - 27 minutes - 26.8 MBAnjali Jariwala, CPA, CFP® is the founder of FIT Advisors. She works with physicians and business owners to build stable financial futures and use their money in ways that support their values. “Give yourself a year-end checkup just to make sure that you’re set for not only this year, but set up appropriately for 2020.” KEY RESOURCES REFERENCED IN THIS EPISODE For more about P&C insurance, try Money Checkup Episode 20. For more on retirement plans for small business owners, try Epi...
Tax Planning for 1099/Independent Contractors [Ep. 4 Rehash]
December 31, 2019 08:00 - 25 minutes - 26.4 MBIn this episode, we will look at the benefits of being an independent contractor and some of the tax challenges you might also run into. As an added bonus I’ll take a deep dive into the Qualified Business Income deduction (“QBI”) that came out last year with the new tax changes. We will go over the good, bad and what you can do to optimize the QBI for your taxes this year. Oh look! We've written a companion blog that can be found here: https://fitadvisors.com/tax-and-retirement-planning...
Life, Balance, and Becoming Wealthy Mom MD
December 17, 2019 08:00 - 45 minutes - 43.7 MBBonnie Koo is a board-certified dermatologist and the founder of Wealthy Mom MD. As a financial coach, she empowers women physicians to take control of their finances and plan for the lives they want without stress and anxiety. MORE ON BONNIE! Bonnie Koo, MD is a board-certified dermatologist, as well as a business owner, wife, mother, and stepmother. She works as a physician on a locum tenens basis. With Wealthy Mom MD, Bonnie writes about how women physicians can manage money in additi...
Give Yourself A Year-End Financial Checkup
December 03, 2019 08:00 - 38 minutes - 35.5 MBAs the end of the year approaches, make sure you make time to review your finances for 2019 and prepare for 2020. From retirement plan contributions to employee benefits to tax returns, work with your financial advisor and CPA to make sure you’re on track to maximize your tax benefits and save for your future. After subscribing to the podcast, read more about how to give yourself a year-end financial checkup here.
Cashflowing Rentals, REPS, and Financial Freedom with Semi-Retired MD
November 19, 2019 08:00 - 54 minutes - 58.1 MBLetizia Alto and Kenji Asakura are physicians in Seattle. After a few years of full-time work and a transformative vacation to New Zealand, they decided to begin real estate investing so they could embrace the semi-retired lifestyle. Today, they own several dozen residential and mixed-use properties. They blog and lead real estate investing classes at Semi-Retired MD. Leti continues to work half-time as a family medicine physician and Kenji moonlights as an internal medicine physician. Th...
Understanding Physician Burnout with Nisha Mehta, MD
November 05, 2019 08:00 - 51 minutes - 48.8 MBDr. Nisha Mehta identified the symptoms of burnout fairly early in her life as a radiologist. Instead of pursuing an academic career, she chose to begin writing and speaking about issues surrounding physicians’ demanding lifestyles, including work-life balance, women in medicine, physician finances, healthcare policy and the industry landscape, physician entrepreneurship and more. EPISODE HIGHLIGHTS Fewer and fewer physicians say they would recommend a career in medicine to their childr...
How Business Owners Can Build Balanced Lives
October 22, 2019 07:00 - 48 minutes - 45.9 MBSophia Bera, CFP®, is the founder of Gen Y Planning and a friend of mine. She does an admirable job of balancing her work with her personal life, and this week on Money Checkup, she shares advice on how to structure your business to align with your goals and values. To learn more about Gen Y Planning, visit genyplanning.com. Follow Sophia Bera on Twitter at @SophiaBera. But first! Be sure to read the companion blog here: https://fitadvisors.com/how-business-owners-can-build-balanced-liv...
Launching New Medical Practices with Debra Phairas
October 08, 2019 07:00 - 59 minutes - 58.5 MBOver 20,000 physicians talk about starting a medical practice, and according to this week’s guest, it’s a fallacy to think that physicians aren’t actually doing it anymore. On the contrary, Debra Phairas, president of Practice & Liability Consultants, LLC, has helped over 500 physicians open their own medical practices in her 34 years as a practice management consultant. With her technical expertise on how you can open your own, you're bound to sooner than later. Want more? Find the bl...
The Reality of Malpractice Insurance with Jason Shah, MD
September 24, 2019 07:30 - 37 minutes - 34.1 MBThe U.S. sees six to eight medical malpractice claims per 100 doctors per year says Dr. Jason Shah, cofounder of Flagship Healthcare. If a judge rules in favor of the patient, the average settlement or judgment is about $400,000 — although that can vary widely based on where the claim is filed and the physician’s specialty. At the most basic level, physicians need to be insured for the potential of a malpractice suit. Check out the show with Jason as he walks us through the basics and...
Protect Yourself With Property and Casual Insurance with Meaghan Dowd
September 10, 2019 07:30 - 53 minutes - 52.9 MBThere are many more risk factors out there than there used to be. Thus, it’s necessary to change your mindset - you’ve worked hard, built wealth, may have a family relying on you - so you want to make sure that you are protected! Prevention is always the best course of action, you don’t want to be put in a bad situation because you weren’t prepared. Meaghan Dowd, Personal Risk Advisor, joins me to delve into the importance of insurance and the different coverages you should be sure to ha...
Contract Review and Buying into a Medical Group with Kristen Prinz
August 27, 2019 07:30 - 47 minutes - 43.4 MBContract agreements will be written to favor the hospital or group over the doctor so take the time to make sure you are protected and know exactly what you are getting into. You often spend more time working than you do with your family so you don’t want to lock yourself in to a career that isn’t what you had in mind when signing the contract. Becoming a partner in a practice is an exciting time, but you need to be careful before signing the partnership agreement and putting in hundreds of ...
How to Give Yourself a Mid-Year Money Checkup
August 13, 2019 07:30 - 36 minutes - 31.9 MBIt’s halfway through the year, summer is coming to an end. It’s the perfect time to do a mid-year money checkup. The purpose of this checkup is to ensure that you are on the right track for your personal financial goals for the year. Join in on this solo episode where I go in detail about not only what you should be looking at but also the reasons behind each step. Doing a mid-year checkup is sure to save you some sanity and maybe even some money come tax time! For more content, please v...
Protecting Your Future Through Asset Protection with Ike Devji
July 30, 2019 07:30 - 1 hour - 57.2 MBIt’s incredibly important to be proactive and focus on asset protection prior to an incident. You want to protect those assets during your life so that you can enjoy them and so that there is something to go into estate planning. Join in as Ike Devji, an attorney who focuses on asset protection, wealth preservation, and risk management as he delves into why asset protection is critical along with ensuring you are appropriately covered. Ike Devji is an attorney whose practice has focuse...