When it comes to our ability to make and save money, emotions can get in the way. Each month we will talk about how to navigate this problem; identifying practical steps to improve our decision making skills, and ultimately our relationship with money. Whether you are young and just starting out on…
Dr. McGough shares his experience of making money decisions around student loans, budgeting and making intentional spending decisions.
Dr. Bowers discusses her career path and how she eventually identified time and employment stresses that she had to find ways to change, be it with more support from trusted individuals to actual changes in her responsibilities at work. The effort was clearly worth it.
Three single physicians share the challenges, ideas, and solutions they came upon in residency.
We talk about specific difficulties that are common to physician families and the importance of knowing the role each person plays as well as the importance of communication.
2:15 - Dr. Nii’s background as it relates to finance6:30 - the confusion around finance is so prevalent13:10 - avoiding expensive mistakes28:10 - the work and the benefits of working for yourself41:40 - refining one’s purpose and values, and the actions that must follow
2:15 - How Michael came to be helping physicians with disability insurance decisions8:10 - When should one buy it?18:45 - Tyler breaks down the financial impact of this concept for a resident24:30 - What kind of policy and riders should one buy?36:40 - What pitfalls should physicians be mindful of when making this decision?
Dr. Tyler King discusses misconceptions about where one must work to qualify for PSLF, the so-called high rejection rate of applicants, as well as practical steps and preparations that one should make in order to make good financial decisions.
2:40 - post-baccalaureate programs6:15 - the alternative DIY route11:00 - financial cost comparison15:55 - time cost comparison21:30 - how it adds up25:00 - planning for medical school costs31:15 - final bit of advice
4:00 - Commitment choices15:00 - Avoiding skill atrophy22:30 - The impact of different procedure-based specialities25:15 - Mentorship28:35 - Retirement planning
5:00 - Contract Review17:45 - How to view Benefits24:05 - The path the Ownership/partnership31:10 - common pitfalls35:12 - Jim’s new book for medical and dental students
1:30 Dr. Rhoiney’s background7:10 Lifestyle Creep14:00 Take care of yourself as well as your debt18:35 Assign your dollars to tasks22:15 Communication with family27:30 Beware of financial salespeople32:15 Dr. Rhoiney’s financial literacy resources
Limiting financial damage: 3:35Making an alternative plan: 8:45Molding our behavior: 11:12
1:05 - Current Environment1:50 - Do the Math3:03 - Cash Flow Control
Dr. Rangarajan’s background - 2:15Know Your Plan - 12:00Advocacy - 18:55Location Choices - 31:30Seek Trustworthy Financial Planning Sources - 39:23COVID-19 Message for Students - 50:37
Our background relative to debt:1:39Credit Cards: 2:30Auto Loans: 6:25Mortgage: 10:55Conclusion: 15:37End: 17:20
Introduction: 0:00Our Background Relative to Budgeting: 2:00Phase 1 Your First Budget: 3:25Phase 2 Employed Situation: 12:48Phase 3 Having A Child: 20:14Phase 4 Having Your Own Business: 26:02Conclusion: 32:25
Introduction - 0:00Students - 2:15Employed People - 5:55Self-Employed People - 11:15Conclusion - 17:05
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