Latest Doctormoney Podcast Episodes
Greed, FOMO, and Bad Investments
Money Meets Medicine - September 27, 2023 05:00 - 29 minutes ★★★★★ - 197 ratingsDespite our best intentions, certain emotions can keep us from building wealth. After many years arming physicians with the information they need to achieve financial wellness, I had a significant realization. Information is one thing – behavior is another. As the saying goes, money is 80% ...
How Doctors Can Get Good Financial Advice
Money Meets Medicine - September 20, 2023 05:00 - 37 minutes ★★★★★ - 197 ratingsMany doctors and high-income professionals hire financial advisors for any number of reasons. Either they’re too busy to handle their finances themselves, they don’t really know how to invest, or they want an expert on their side to make sure they’re on the right track. So allow me to say from...
Dr. Peter Kim and Physician Entrepreneurship
Money Meets Medicine - September 13, 2023 05:00 - 43 minutes ★★★★★ - 197 ratingsHave you ever thought about using real estate to reach financial independence, but you didn't want to be a landlord? Recently I sat down with one of my good friends and one of the OG partners of The Physician Philosopher. He’s an anesthesiologist, husband, father, entrepreneur, as well as a re...
Disappointing Physician Income & the Arrival Fallacy
Money Meets Medicine - September 06, 2023 05:00 - 39 minutes ★★★★★ - 197 ratingsThe arrival fallacy is a concept that’s very prevalent in medicine. Coined by Tal Ben-Shahar, it refers to the illusion of happiness that we think we’ll experience when we arrive at a completed goal or achievement (spoiler: it doesn’t work like that). In medicine in particular, this is reinfo...
Dr. Hala Sabry from Physician Moms Group
Money Meets Medicine - August 30, 2023 05:00 - 49 minutes ★★★★★ - 197 ratingsHave you ever thought about what legacy you’ll be leaving behind and how money plays a part in that? Lisha and I recently had a conversation with Dr. Hala Sabry, emergency medicine physician and founder of Physician Moms Group, a private online physicians community made up of over 120,000 phys...
Doctors in Venture Capitalism with Dr Omar Nije
Money Meets Medicine - August 23, 2023 05:00 - 32 minutes ★★★★★ - 197 ratingsRecently Lisha and I sat down with Dr. Omar Nije to talk about his experience as a doctor in finance. Dr. Nije’s perspective is unique because he’s both a physician AND a principal, but not in public education. He’s a principal at a venture capitalist firm, which is a world that most physician...
More Student Loan Updates & Important Info
Money Meets Medicine - August 16, 2023 05:00 - 33 minutes ★★★★★ - 197 ratingsAs they say, the only constant in life is change. The same is true when it comes to the resuming of student loan payments this fall. Staying up-to-date on all the relevant information is key to effectively managing your student loans. But the student loan landscape is changing fast. So we’re her...
Talking About Finances With Your Partner
Money Meets Medicine - August 09, 2023 05:00 - 38 minutes ★★★★★ - 197 ratingsAccording to studies conducted by the American Psychological Association, the number one financial stressor for households is money - personal finance. That makes talking about money with your partner a really important topic for everybody to understand. Why is talking about money with your p...
The Importance of Keeping Investing Stupid Simple (KISS)
Money Meets Medicine - August 02, 2023 05:00 - 37 minutes ★★★★★ - 197 ratingsDid you know that when it comes to investing, keeping it simple often leads to better returns? Keeping it simple is not just my or Lisha’s opinion - studies show that this is a more effective, sustainable way to go about investing. Why? Because it turns out that as humans, we don't like as m...
Plan for student loans when payments restart
Money Meets Medicine - July 26, 2023 05:00 - 41 minutes ★★★★★ - 197 ratingsFor those who have no idea what to do with the upcoming student loan payments restarting, and the millions who will need to enroll in a student loan plan… are you overwhelmed yet? Understandably, a lot of physicians are anxious about how loan terms are going to roll out, what it means for thei...
Personal Finances and Summer Vacation
Money Meets Medicine - July 19, 2023 05:00 - 43 minutes ★★★★★ - 197 ratingsWhether you’re planning to take a vacation this summer or in the near future, you may be looking for some financially savvy ways to prepare. Lucky for you, one of the secrets of life that I've learned is how to incorporate intentional planning when it comes to personal finances and summer vacati...
Dr. Glaucomflecken Talks Personal Finance
Money Meets Medicine - July 12, 2023 05:00 - 46 minutes ★★★★★ - 197 ratingsWe interview Will Flanary, who is perhaps better known by his comedic stage name: Dr. Glaucomflecken. Just a few of the awesome topics we cover in our conversation: Charitable giving Will’s battle with testicular cancer and the time he had a cardiac arrest His thoughts on physician side gigs ...
Financial Considerations When Starting a Job
Money Meets Medicine - July 05, 2023 05:00 - 48 minutes ★★★★★ - 197 ratingsJuly is the time of year when those in the medical field experience the most transition – whether to your next level of training, moving to a new institution for fellowship or residency, or taking your first job as an attending. It can be overwhelming. Make sure you’re equipped with the right ...
9 Considerations When Changing Jobs
Money Meets Medicine - June 28, 2023 05:00 - 39 minutes ★★★★★ - 197 ratings50% of doctors change jobs in the first 2-4 years of their career, but knowing how to properly handle a job transition is relevant to every physician at every stage of their career. Financial advice for doctors doesn’t often cover this topic, so we’re more than happy to dive into it with you her...
3 Big Updates On Student Loans
Money Meets Medicine - June 21, 2023 05:00 - 38 minutes ★★★★★ - 197 ratingsYou may have already heard about President Biden’s student loan forgiveness plans, but what does that mean for you? We’re covering those qualifiers today, plus identifying three 2023 dates in particular that really matter for those managing student loan debt. Join us as we walk through those t...
Saving for Tomorrow While Enjoying Today
Money Meets Medicine - June 14, 2023 05:00 - 31 minutes ★★★★★ - 197 ratingsDid you know that it's possible to make great financial progress while you spend money on things you enjoy? Yep, you read that right. It might be surprising to hear this in the financial space, but you worked hard to get to where you are. You deserve to enjoy some of the spoils and riches of a...
Do Bonds Belong in Your Portfolio?
Money Meets Medicine - June 07, 2023 05:00 - 36 minutes ★★★★★ - 197 ratingsDid you know that as interest rates rise, the value of bonds falls? Should you even care about that? Are bonds a good investment for doctors? In this episode, we’re tackling these questions and discussing the purpose of bonds in a doctor's portfolio, as well as the nuance of our current high ...
Pre-Tax versus Roth Investments
Money Meets Medicine - May 31, 2023 05:00 - 35 minutes ★★★★★ - 197 ratingsMaybe you're starting your intern year and you're considering investing as one of your steps in that journey. As July approaches, maybe you’re transitioning as a trainee from an institution or to a new job, you might be asking yourself, “Should I be investing in pre-tax vs Roth?” It’s a reall...
How to Save More Money
Money Meets Medicine - May 24, 2023 05:00 - 37 minutes ★★★★★ - 197 ratingsIf you’ve ever needed to save up for a wedding, a car, or a home, yet you weren't quite sure about the best way to do it, this episode is for you. There are lots of reasons why you might be thinking about setting up short-term savings (savings you intend to need within 3-5 years). But figur...
The Diminishing Return of Working More
Money Meets Medicine - May 17, 2023 05:00 - 39 minutes ★★★★★ - 197 ratingsIt often pays to work smarter, not harder, yet many doctors put in more and more hours to make more money in medicine. But is working more always a good idea? I think there are pros and cons to working more shifts in medicine. Personal finance is personal, and you have to assess whether you fe...
High-Interest Environment: Invest or Pay Off Debt?
Money Meets Medicine - May 10, 2023 05:00 - 40 minutes ★★★★★ - 197 ratingsWith inflation and interest rates being what they are, one of the most common questions that we get nowadays is, “Should I invest or pay off debt? What should I be doing with my money?” Everywhere in medicine, inflation has an impact. One of the common areas where this naturally happens a lot ...
Money Mistakes We Made in 2022
Money Meets Medicine - May 03, 2023 05:00 - 32 minutes ★★★★★ - 197 ratingsEven though we’re self-proclaimed money nerds, it doesn't mean we don't make mistakes. Physician finance isn’t your run-of-the-mill financial strategy. We have certain exceptions and special circumstances to watch out for. And sometimes even the most seasoned pro can make money mistakes. We’r...
What To Do With Unexpected Money
Money Meets Medicine - April 26, 2023 05:00 - 28 minutes ★★★★★ - 197 ratingsDisability Insurance for Docs: physicianfinancialservices.com Looking to increase your financial literacy? Check out Medical Degree Financial University → MDFU.Co
The Superpowers of a Taxable Brokerage Account
Money Meets Medicine - April 19, 2023 05:00 - 30 minutes ★★★★★ - 197 ratingsA lot of us have an idea of what we should do with money that we earn on a regular basis from our physician jobs. Oftentimes it goes towards our typical cost of living expenses: bills, debts, savings, investments. But what about money you get that you weren't expecting? Because yes, most of us...
Is it wrong for doctors to retire early?
Money Meets Medicine - April 12, 2023 05:00 - 40 minutes ★★★★★ - 197 ratingsWhen it comes to doctors retiring early because of F.I.R.E. (financial independence retire early), there’s an inevitable argument made against it and why it’s ethically wrong for physicians to do. That argument says unless you practice medicine until the day you die, it's unacceptable. Wheth...
The Most Important Financial Task for Doctors
Money Meets Medicine - April 05, 2023 05:00 - 34 minutes ★★★★★ - 197 ratingsPhysician disability insurance is something you have to get right. If you were to learn only one thing from me, this might be the one thing that I would want you to know. It’s the reason that Money Meets Medicine exists, and why I started The Physician Philosopher. Your most important finan...
Should You Save for Your Kid’s College Education?
Money Meets Medicine - March 29, 2023 05:00 - 36 minutes ★★★★★ - 197 ratingsWhat if I told you that maybe you shouldn't save for your kid's college education? There are tons of questions we have to ask ourselves (not just as parents, but as investors) about the concept of covering our kid’s entire college education. Are we really getting the value from this investmen...
Should You Die with Zero?
Money Meets Medicine - March 22, 2023 05:00 - 26 minutes ★★★★★ - 197 ratingsWe’re pleased to be discussing the book Die With Zero by Bill Perkins. Bill isn’t a financial advisor (a plus if you ask us), but he offers a lot of insight and perspective on personal finance and financial independence that got us thinking about our approaches to money in a new way. It’s es...
Show Me the Money (in the Financial Industry)
Money Meets Medicine - March 15, 2023 05:00 - 35 minutes ★★★★★ - 197 ratingsThe personal finance industry is meant to help you manage your assets, but particularly for doctors, many questions remain around what that kind of support actually means. Does your financial advisor have your best interest at heart? Do you know how they get paid? Are they transparent in thei...
Charitable Giving for Physicians
Money Meets Medicine - March 08, 2023 06:00 - 25 minutes ★★★★★ - 197 ratingsDoes tithing or charitable giving play a part in your personal finances? Should it? As usual, we’re not shying away from taking a deep dive into a very personal topic. Personal finance is personal, maybe never more so than when it comes to deciding how you want to give back. In tackling this t...
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