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Episode 100 - This is a bittersweet episode for me, since it's going to be my final podcast. The last 2 years has been a phenomenal journey for all of us. I've gotten emails from so many of you telling me how valuable this content has been, and I'm so grateful to have been part of your journey. I set out to create a platform to empower physicians to take control of their careers, their families, and their personal finances. My hope was to embolden you with knowledge and encouragement so you can live your best life on your terms. Now, after over 75,000 downloads, 100 weekly episodes, and 19 Sunday Specials, I hope I've given you some of those tools that you need. That's why I'm so excited about today's discussion. As physicians, I think we know better than anyone else what we need to take care of our patients. The government isn't coming to help us. The government is full of people who don't know or can't understand how to care for patients because they've never had to do it. You're a physician. You should be the one in charge of making decisions for your patients. If we're going to make that a reality, we have to start by taking charge of ourselves. Click here to download your free CME credits for listening to the show! It's time to Residency-Proof Your Marriage!This online video course will coach you through setting expectations, communicating effectively, getting on the same page with finances, and keeping your relationship thriving during a difficult time. Whether you're in medical school, residency, or out in clinical practice, Residency-Proof Your Marriage is going to help you build a thriving medical marriage. This is a very inexpensive investment in your marriage. A weekend marriage retreat will cost upwards of $1000 between food, registration, lodging, and vacation time. This course is just a fraction of that cost and you can complete it on your own time!The course is also eligible for CME credits, so you can use your employer's CME funds to sign up.Registration for the course is open NOW! FREE disability quotes from Physician Financial Services: www.physicianfinancialservices.comFree Resource: 32 Easy Ways to Recognize Your Team MembersJoin the Business and Personal Finance for Physicians and Dentists Facebook Group!Most physicians and dentists come out of training programs with a huge amount of personal debt and little to no idea of how to actually run a clinical practice. This Facebook community is for anyone who wants to learn more about how to manage their business more successfully and master their personal finances.
This week's episode of the Providers, Properties and Performance podcast is an interview where Brent Lacey interviewed me on his The Scope of Practice podcast. Brent's The Scope of Practice business aims to educate his fellow physicians on financial health and in this interview we discuss the economic benefits of physician ownership of the place where a clinician practices as well as physicians becoming real estate investors. Brent is also a practicing physician at Texas Digestive Disease Consultants. In this episode, we talk about… [2:19] How I got into healthcare real estate [6:15] The time it takes to be a physician owner while also practicing medicine [9:47] The money involved with buying versus leasing healthcare real estate [13:42] The capital side of healthcare real estate investment [15:55] Choosing to buy an existing space or build your own space [18:55] How to pick the right location for your healthcare real estate [21:52] Factors to consider on a five, ten, and twenty year timeline [24:37] The upside to being a physician owner [26:26] Taking advantage of a high internal rate of return [28:51] The timing of healthcare real estate investment [32:32] Structuring legal ownership of real estate [34:48] Working with a healthcare real estate advisor Links to resources: Brent Lacey www.thescopeofpractice.com The Scope of Practice Podcast www.thescopeofpractice.com/the-scope-of-practice-podcast/ Subscribe, rate and review: www.providerspropertiesandperformance.com Schedule a healthcare real estate investment strategy consultation: https://docproperties.com/free-consultation-trisha-talbot/ About Trisha: WEBSITE: www.docproperties.com LINKED IN: https://www.linkedin.com/in/trishatalbot/ Email inquiries to: info@docproperties.com
Sunday Special 19 - My guest today is Hannah Pye. Hannah is an emergency department nurse married to a military pediatrician. She and her husband have been married for 11 years and have moved 7 times. So, they've had a decent amount of experience in managing expectations during the medical journey. She is the creator of our new online course, “Residency-Proof Your Marriage.” As a follow up to our recent Marriage and Money, M.D. summit, I thought it would be good to hear the perspective of a physician spouse on how to make a marriage work throughout the course of a medical career with all its pressures and challenges. Hannah is amazing, and I think you'll really enjoy hearing her discussion today. Click here to download your free CME credits for listening to the show! It's time to Residency-Proof Your Marriage!This online video course will coach you through setting expectations, communicating effectively, getting on the same page with finances, and keeping your relationship thriving during a difficult time. Whether you're in medical school, residency, or out in clinical practice, Residency-Proof Your Marriage is going to help you build a thriving medical marriage. This is a very inexpensive investment in your marriage. A weekend marriage retreat will cost upwards of $1000 between food, registration, lodging, and vacation time. This course is just a fraction of that cost and you can complete it on your own time!The course is also eligible for CME credits, so you can use your employer's CME funds to sign up.Registration for the course is open NOW! Email Dr. Brent Lacey for help with career or personal finance coaching or to contribute to The Body of Christ devotional series. Free Resource: The Body of Christ - A 14-day devotional series for healthcare professionalsThis is a medically-themed devotional series with Bible passage discussion, reflection questions, prayers, and action steps to take each day. It's a great series, and you can download it for free below.Also, we are expanding The Body of Christ to a full 90-day series, and we are now accepting submissions from guest authors for the devotional series. If you want to contribute to the series and write some of the devotionals, please let me know! Guest authors get full attribution and promotion for their business, blog, or podcast. You can email me at info@thescopeofpractice.com.Meet Hannah PyeHannah is an emergency department nurse married to a military pediatrician. She's also the creator of our new online course, "Residency-Proof Your Marriage." She is passionate about helping physicians and their spouses develop thriving relationships that can withstand the pressure of a medical career.She first wrote her blog "Residency-Proof Your Marriage" many years ago, and it has grown into a full-fledged online curriculum. She had her husband live in Georgia with their children and practice the same great techniques for marriage that she outlines in the "Residency-Proof Your Marriage" course.Registration for the course is open NOW!
Money. It's a scary, wonderful word that we are all looking to be better with. Dr. Brent Lacey has been teaching financial literacy and management for years, but he's extremely passionate about working with physicians. Listen in to hear his story and learn why you need to get better with your money today. It's interesting to note that the person who makes $14k per year and the person who makes $140k a year both do the exact same things with their money. We all make the same mistakes and we all have the same thought process. When you boil it down though, money is easy. If you make $200k per year and you spend $300k, you will go broke. If you make $100k per year and you only spend $40k, you will become wealthy. So what is stopping so many of us from truly becoming wealthy? Part of it is our mindset around money, part of it is an unhealthy relationship with money, and part of it is miscommunication in the family circle. Any of that sound familiar? If you've been struggling with money, you won't want to miss out on this conversation. Even if you're amazing with money, Brent is giving up some fantastic tips for how to grow and maintain wealth. Listen to learn more. “It sounds very simple, it sounds very obvious, but if you make a hundred and twenty-five thousand dollars a year and spend one hundred and eighty thousand a year, you will be broke.” Dr. Brent Lacey In this episode: [02:30] Welcome to the show, Dr. Brent Lacey! [03:07] He shares his background and what The Scope of Practice is all about. [06:21] Listen as Dr. Brent drops some financial wisdom on us today. [08:04] He discusses some mistakes that everyone makes no matter what job they have. [10:58] There is no perfect financial plan, it's totally individual. [14:01] “If your plan isn't taking you where you want to go, change the plan.” [16:28] Dr. Brent shares the number one thing he believes hamstrings people when they come and talk to him. [17:31] He shares some intentional changes he helps guide people through. [21:58] He discusses the house you buy and how that can influence the rest of the decisions you make. [27:05] Find out where you can hang out with Dr. Brent Lacey. [28:25] Thank you for being on the show! Links and Resources The Millionaire Next Door by Thomas J. Stanley The Scope of Practice Episode 63 with Dr. Errin Weisman Podcasting 101 Podcasting 202 Find Brent: The Scope of Practice Money & Marriage MD Summit The Scope of Practice Podcast 3 WAYS TO GET INCREDIBLE HELP AT A LOW COST!!! Buy my Kindle Book,Doctor Me First, on Amazon Join us for our Monthly Burnout Masterclass Series. Sit with me in my Slack Channel. Schedule a call with Errin HERE Wanna be on this podcast: Schedule HERE Email Errin HERE
Sunday Special 18 - My guest today is Dr. Chiagozie Fawole. You know, medicine is undergoing some changes. There are a lot of physicians feeling burned out, unappreciated, and not in control. You may feel like you're coming from a place of desperation. Desperate to be heard. Desperate to have autonomy, desperate to practice medicine on your own terms, desperate to be in a position of financial security, desperate to have the family life that you want. A lot of physicians don't realize that their experiences, strengths and even network, can be the answer to their own prayers and those of others. That's why I'm so excited to have Dr. Fawole on the podcast today. She's going to talk to us about her personal experiences and how what she's learned can help you be the physician God has called you to be as well as some tips for how to become financially empowered and defeat burnout.Register for the Marriage and Money, M.D. Summit for free!For physicians who want a stronger marriage and better path to building wealthJoin us for this incredible free online event November 15-17, 2021!Medical careers drain time and energy from physicians and their spouses, not to mention the crushing debt most doctors are faced with when they first come out of training. The Marriage and Money, M.D. summit is a free 3-day online event that will give physician families the tools, resources, and encouragement they need to strengthen their marriage and build wealth so they can have the happy family and financial independence they deserve!Click here to learn more and sign up for free today!Email Dr. Brent Lacey for help with career or personal finance coaching or to contribute to The Body of Christ devotional series. Free Resource: The Body of Christ - A 14-day devotional series for healthcare professionalsThis is a medically-themed devotional series with Bible passage discussion, reflection questions, prayers, and action steps to take each day. It's a great series, and you can download it for free below.Also, we are expanding The Body of Christ to a full 90-day series, and we are now accepting submissions from guest authors for the devotional series. If you want to contribute to the series and write some of the devotionals, please let me know! Guest authors get full attribution and promotion for their business, blog, or podcast. Email me at info@thescopeofpractice.com.Meet Dr. Chiagozie FawoleWhen she's not putting babies to sleep at home and at work, Dr. Chiagozie Fawole is a Real Estate entrepreneur. She got her first two deals done during residency, including a syndication of a 12-unit apartment complex deal. Having built a portfolio of traditional rental units in a few years, she now amplifies cash flow by turning properties she does not own into short term rentals.On her SavvyDocs in Real Estate platform, she helps physicians get started generating meaningful income from Real Estate. As a believer, she is passionate about seeing physicians operate in their full potential, like people empowered by the King of Kings! She is based in the suburbs of Syracuse, NY, where she lives with her husband and three girls.Connect to Dr. Chiagozie FawoleYou can join her Free facebook group, and get the recent Short Term Revolution Conference Recordings here: www.savvydoctors.co
New ventures require money. The question is always where does that money come from. It may come from your savings, a loan or other investors. Regardless of whether you are starting your own practice, buying into a practice or related business (ASC, Imaging Center, etc)--you will need to make a capital investment. In this episode, Dr. Brent Lacey and I discuss personal finances and financing your business ventures. Dr. Lacey is a gastroenterologist and founder of The Scope of Practice. He has coached hundreds of families to succeed in building personal wealth and stellar careers. One of the important topics we address is money and your significant other. Money matters are often a source of strife in a relationship. And talking about money can make people uncomfortable.Join us as we have an in-depth conversation about how to address both personal and business related money issues.Dr. Lacey is hosting a free summit, Marriage and Money, M.D. on Nov 15-17, 2021. You can find out more by clicking here. You can join me in The Private Medical Practice Academy membership to how to maximize your practice's success. Enrollment for the next cohort will open in January. Be sure to sign up for the waitlist.For a full searchable copy of the transcript, https://www.thepracticebuildingmd.com/podcastIf you'd like to hear more tips on how to start, run and grow your practice and related medical businesses, please sign up for my newsletter at https://www.thepracticebuildingmd.com. And, be sure to join my FB group, The Private Medical Practice Academy. Enroll in my course, How To Start Your Own Practice and get the step-by-step process for opening your doors. Or join The Private Medical Practice Academy Membership for live group coaching, expert guest speakers and everything you need to know to start, grow and leverage your private practice.
On this episode of The Intimate Marriage Podcast, I'm speaking with Dr. Brent Lacey about marriage, money, and more! Professionally, Brent is a gastroenterologist who is passionate about helping physicians succeed with business and personal finances. In his personal life, he and his wife have cultivated a magnificent marriage based on honesty, clarity, and humility. In his words, “Marriage is the ballgame. If you don't get that right, there's no point in having anything else.” During our conversation, we talk about how having a healthy, loving relationship will spill over into all facets of your life, how to date your spouse and how to overcome money problems in your marriage. IN THIS EPISODE: [00:46] Dr. Brent Lacey introduced [01:50] How marriage impacts all facets of life [07:29] Advice from other couples [09:00] Money and marriage [16:00] The power of “Why” in communication [20:00] Marriage and Money Summit information [23:00] Personal growth from marriage [25:00] Dealing with disappointment in marriage KEY TAKEAWAYS: A healthy, loving marriage will spill over into all areas of life Through intentional acts of love in marriage you can keep your relationship from becoming mundane and routine No matter how old you get, you need to date your spouse Letting your spouse know the story and “why” behind decisions and values is really important to healthy communication Honesty, clarity and humility are essential to building a healthy marriage Links Mentioned: thescopeofpractice.com/marriage-and-money/ Read Alexandra's book “Uncompromising Intimacy”: https://amzn.to/2ymI3Hl Join THE INTIMATE MARRIAGE Facebook group: https://www.facebook.com/groups/hotmarriage Follow Alexandra: IG: @alexandra.stockwell.intimacy FB: https://www.facebook.com/alexandra.stockwell. IG business: https://www.instagram.com/alexandra.stockwell.intimacy/
On this episode of The Intimate Marriage Podcast, I'm speaking with Dr. Brent Lacey about marriage, money, and more! Professionally, Brent is a gastroenterologist who is passionate about helping physicians succeed with business and personal finances. In his personal life, he and his wife have cultivated a magnificent marriage based on honesty, clarity, and humility. In his words, “Marriage is the ballgame. If you don't get that right, there's no point in having anything else.” During our conversation, we talk about how having a healthy, loving relationship will spill over into all facets of your life, how to date your spouse and how to overcome money problems in your marriage. IN THIS EPISODE: [00:46] Dr. Brent Lacey introduced [01:50] How marriage impacts all facets of life [07:29] Advice from other couples [09:00] Money and marriage [16:00] The power of “Why” in communication [20:00] Marriage and Money Summit information [23:00] Personal growth from marriage [25:00] Dealing with disappointment in marriage KEY TAKEAWAYS: A healthy, loving marriage will spill over into all areas of life Through intentional acts of love in marriage you can keep your relationship from becoming mundane and routine No matter how old you get, you need to date your spouse Letting your spouse know the story and “why” behind decisions and values is really important to healthy communication Honesty, clarity and humility are essential to building a healthy marriage Links Mentioned: thescopeofpractice.com/marriage-and-money/ Read Alexandra's book “Uncompromising Intimacy”: https://amzn.to/2ymI3Hl Join THE INTIMATE MARRIAGE Facebook group: https://www.facebook.com/groups/hotmarriage Follow Alexandra: IG: @alexandra.stockwell.intimacy FB: https://www.facebook.com/alexandra.stockwell. IG business: https://www.instagram.com/alexandra.stockwell.intimacy/
Today we spoke with Dr. Brent Lacey. He is a gastroenterologist by training who has a passion for financial management and career coaching. He is the founder of The Scope of Practice in which he runs a podcast, blog, and personal coaching service surrounding physician finances. He has spent hundreds of hours coaching and teaching these principles to people at all stages of their career. He hopes to continue to help others experience the joy of achieving financial independence and success in managing their clinical practice. As always, if you like what we're doing at Leading the Rounds, give us a positive rating on Apple Podcasts, Connect with us on Social Media, and you can now support us on Patreon. We hope you enjoy this episode with Dr. Brent Lacey about personal and professional finance, from medical school to building a practice and having financial freedom. Welcome to Leading the Rounds. Connect with Dr. Lacey:Website: www.thescopeofpractice.comPodcast: www.thescopeofpractice.com/podcastBrent's Upcoming Summit “Marriage and Money MD” on November 15-17th Questions We Asked: How did you learn about personal finance and start coaching physicians? Did you always see yourself building a business around finance? What advice would you give to medical students about learning finance when they don't have any money? What are your thoughts on the government repayment bailouts and deferment plans? How should trainees factor in buying their first home? What are common mistakes people make once they start earning a physician salary? When and what should physicians invest in? When can you begin to think about starting a business? Is there a place for leveraging other people's money to gain wealth? What are the different types of insurance that physicians should consider? What are books to learn about finance? Quotes and Ideas: “People come out of medical school and residency as excellent physicians but they're not very good at business.” “You will be the same person in five years as you are today except for the people you meet and the books you read.” -Charlie Tremendous Jones “80% of personal finances are behavioral choices.” “I know people who were spending $1,500 a month on eating at restaurants. That's why you don't have a 401k, because you're eating it.” “Come out of medical school with as little debt as possible, and have a plan to attack it with a vengeance.” “Relying on government programs for your future is a really hazardous approach [to loan repayment].”“NOW IT'S MY TURN is the most hazardous phrase that I hear.” When you become an attending, don't say “I have a lot of money now… you have a great income, but you're probably deep in debt.” Invest with The Tax Efficient WaterfallBrent believes that physicians should be investing 18-20% of their income each year “No battle plan survives contact with the enemy.” -Sun Tzu Every physician needs: term life insurance, health insurance, car insurance, homeowners insurance, disability insurance, and malpractice insurance Book Suggestions: Dr. Lacey's Reading List
Sunday Special 17 - My guest today is Dr. Deepa Sukumar. She has a unique story. She grew up in India as a Hindu, but she turned from her religion to follow Jesus and the one true God. If you know anything about Indian culture, you'll know that her decision was incredibly risky and incredibly courageous. By rejecting the gods of her culture, she was risking her relationship with her entire family. But she stuck with it and she is on fire for God. You can imagine how that would be an anxiety-inducing choice, and she has learned to not be anxious in anything but to rest comfortably in the knowledge and love of her Savior. You're going to have goosebumps listening to this story, so don't miss out. Register for the Marriage and Money, M.D. Summit for free!For physicians who want a stronger marriage and better path to building wealthJoin us for this incredible free online event November 15-17, 2021!The Marriage and Money, M.D. summit is a free 3-day online event that will give physician families the tools, resources, and encouragement they need to strengthen their marriage and build wealth so they can have the happy family and financial independence they deserve!Click here to learn more and sign up for free today!Email Dr. Brent Lacey for help with career or personal finance coaching or to contribute to The Body of Christ devotional series. Free Resource: The Body of Christ - A 14-day devotional series for healthcare professionalsThis is a medically-themed devotional series with Bible passage discussion, reflection questions, prayers, and action steps to take each day. It's a great series, and you can download it for free below.Also, we are expanding The Body of Christ to a full 90-day series, and we are now accepting submissions from guest authors for the devotional series. If you want to contribute to the series and write some of the devotionals, please let me know! Guest authors get full attribution and promotion for their business, blog, or podcast. You can email me at info@thescopeofpractice.com.Meet Dr. Deepa SukumarDr.Deepa Sukumar considers herself foremost a beloved child of the most High God. She is a wife, a mother and a physician. She is the founder and director of Gracemdconnect, a telemedicine company serving children in the states of Florida and North Carolina. The mission of GraceMDConnect is to enhance access to the highest quality of care exclusively for children of all ages from the comfort of their home (or from anywhere). She loves to encourage people all around the world with the hope she has found in Christ and loves to see people encouraged and lives changed when people come to the saving knowledge of Christ and grow in the knowledge of His love for them.Connect to Dr. Deepa SukumarCheck out her telemedicine website: www.gracemdconnect.comBuy a copy of Do Not Be Anxious, a devotional series by Dr. Deepa Sukumar
In this exciting episode, I'll share with you my meaningful conversation with Dr. Brent Lacey. Learn and be inspired to make better financial decisions and effective management of money and debt. Understand how your money works, how to manage and invest your resources effectively for lifetime financial security. Tune in to this podcast to get the strategy you need to leverage yourself, create multiple streams of income, and build your wealth portfolio...and then you can decide whether you want to work forever (I probably will!) or turn your career into a lucrative hobby. Join my FREE Facebook here ---> http://bit.ly/onepercentcode
Trisha's guest this week is Brent Lacey, MD, who is a gastroenterologist with Texas Digestive Disease Consultants. Dr. Lacey also consults with other clinicians on their personal finances, especially when they are considering opening up a private practice, through his business The Scope of Practice. In this episode, we talk about… [2:11] What inspired Brent to become an entrepreneur [5:03] How Brent supports other clinicians through The Scope of Practice [8:02] Developing a business plan as a potential physician owner [10:29] The first staff member a physician should hire to allow them to continue to practice [14:11] How to approach deciding where to practice and selecting a space [17:31] Buying a building to occupy versus leasing [20:25] The hassle factor for physicians in different phases of their careers [22:39] Investing in healthcare properties [24:23] Brent's decisions to become a physician and to specialize in gastroenterology [25:55] Brent's outlook: In 20 years, will more physicians be employed or in private practice? [27:41] What Brent would change about healthcare to improve it [29:41] Brent's first job [30:18] What Brent would be doing for a living if he was not a physician [30:52] What Brent is reading and watching for news, information, and inspiration [32:07] Brent's healthy self-care [32:44] Whether a person is born with the desire to heal or trained to desire to heal Links to resources: The Scope of Practice: www.thescopeofpractice.com Texas Digestive Disease Consultants: www.tddctx.com Subscribe, rate and review: www.providerspropertiesandperformance.com Schedule a healthcare real estate investment strategy consultation: https://docproperties.com/free-consultation-trisha-talbot/ About Trisha: WEBSITE: www.docproperties.com LINKED IN: https://www.linkedin.com/in/trishatalbot/ Email inquiries to: info@docproperties.com
Dr. Brent Lacey is a gastroenterologist who is passionate about helping physicians succeed with business and personal finances. As a physician, he understands how overwhelming it can be to step out of clinical training and into a career, and he has seen firsthand the lack of education on how to run a practice and manage finances. He has coached hundreds of families to succeed in building personal wealth and stellar careers and has spoken to physician groups around the country on topics related to business and personal finance. That's also why he founded The Scope of Practice website. His goal is to help physicians learn how to grow their leadership skills, their business and their personal finances. - Website: www.thescopeofpractice.com - Podcast: www.thescopeofpractice.com/podcast - Facebook: www.thescopeofpractice.com/facebookpage - LinkedIn: https://www.linkedin.com/in/brent-lacey/ - Twitter: @BusinessCoachMD - Instagram: @TheScopeOfPractice #business #entrepreneurship #physicians #investing #realestate
Dr. Brent Lacey is a gastroenterologist who is passionate about helping physicians succeed with business and personal finances. As a physician, he understands how overwhelming it can be to step out of clinical training and into a career, and he has seen firsthand the lack of education on how to run a practice and manage finances. He has coached hundreds of families to succeed in building personal wealth and stellar careers and has spoken to physician groups around the country on topics related to business and personal finance. That's also why he founded The Scope of Practice website. His goal is to help physicians learn how to grow their leadership skills, their business and their personal finances. - Website: www.thescopeofpractice.com - Podcast: www.thescopeofpractice.com/podcast - Facebook: www.thescopeofpractice.com/facebookpage - LinkedIn: https://www.linkedin.com/in/brent-lacey/ - Twitter: @BusinessCoachMD - Instagram: @TheScopeOfPractice #business #entrepreneurship #physicians #investing #realestate
Sunday Special 16 - My guest today is Dr. Tolu Olabintan. She's a family medicine physician and HIV specialist who left her steady job in the middle of the COVID crisis to start her own private practice. She started out with telemedicine and then launched her in-person private practice this summer. I'm not sure if there has been a more difficult time to launch a medical practice than the middle of the COVID shutdown, but there can't have been many. She's dedicated to helping patient both spiritually and physically, and she's bold about speaking the name of Jesus on her website, with her staff, and to her patients. She's got a unique background and I think her story will really inspire you. Register for Residency-Proof Your Marriage!This online video course will coach you through setting expectations, communicating effectively, getting on the same page with finances, and keeping your relationship thriving during a difficult time. Whether you're in medical school, residency, or out in clinical practice, Residency-Proof Your Marriage is going to help you build a thriving medical marriage. This is a very inexpensive investment in your marriage. A weekend marriage retreat will cost upwards of $1000 between food, registration, lodging, and vacation time. This course is just a fraction of that cost and you can complete it on your own time!Registration for the beta course is closed, but get on the waitlist for the course launch this fall! Email Dr. Brent Lacey for help with career or personal finance coaching or to contribute to The Body of Christ devotional series. Free Resource: The Body of Christ - A 14-day devotional series for healthcare professionalsThis is a medically-themed devotional series with Bible passage discussion, reflection questions, prayers, and action steps to take each day. It's a great series, and you can download it for free below.Also, we are expanding The Body of Christ to a full 90-day series, and we are now accepting submissions from guest authors for the devotional series. If you want to contribute to the series and write some of the devotionals, please let me know! Guest authors get full attribution and promotion for their business, blog, or podcast. You can email me at info@thescopeofpractice.com.
Whether you are a single mom on government aid or a Neurosurgeon making bank….. everyone needs a financial health check up! Yes doctors DO make the same financial mistakes as everyone else, maybe with just a few more zeroes attached. And….the number one cause of marriage problems is MONEY issues Tim says that to graduate high school, you should know CPR and how to manage your money. Have you learned the basics or mastered your money? We discuss the dreaded “B” word and help you realize that as painful as it may be NOW to make a money plan, it will PAY in the long run. How do you get your partner on board the same money train so you are going in the same direction? Pre-nups or fun money accounts , money dates or money fights? Dr. Brent Lacey started “The Scope of Practice” and coaches healthcare professionals to level up their leadership skills, their business and personal finances so they can have the career and financial security they deserve. Today he shares some tips to success that apply to any sized bank account. His podcast was named one of the top 30 medical podcasts for 2021! He guests on numerous other podcasts and we are so grateful for him being here today. Plus he is giving OUR listeners a free guide to help level up your families finances! Everyone... (yep you too) needs a money check up! Today's show is brought to you by Deputy- an award-winning mission- driven time management scheduling and communication software for physician practices. Disclaimer All opinions expressed by the guest in this episode are solely the guest's opinions and do not reflect the opinions of May or Tim Hindmarsh MD or BS Free MD, LLC or any affiliates thereof. The guest's opinions are based upon information they consider reliable, but May and Tim HIndmarsh, MD, BS Free MD LLC, nor any affiliates thereof warrant its completeness or accuracy. The guest, May and Tim HIndmarsh MD, BS Free MD LLC, or any affiliates thereof are not under any obligation to update or correct any information provided in this episode. The guest's statements and opinions are subject to change without notice. Links: The Scope of Practice: https://www.thescopeofpractice.com/ FREE GUIDE to No Money Fights! Three critical tools to level up your families finances: Thescopeofpractice.com/nomoneyfights The Scope of Practice Reading List: https://www.thescopeofpractice.com/recommended-books/ Books: The Millionaire Next Door Everyday Millionaires Software: YNAB- You Need a Budget Sponsor: Doctorpodcastnetwork.com/deputy Stay in the loop with us: Thanks for joining us! You are the reason we are here. If you have questions, reach out to us at doc@bsfreemd.com or find Tim and I on Facebook and IG. Please check out our every growing website as well at : bsfreemd.com (no www) GET SOCIAL WITH US! Instagram:: https://www.instagram.com/bsfreemd/ Facebook: https://www.facebook.com/bsfree
Financial Freedom for Physicians with Dr. Christopher H. Loo, MD-PhD
In this episode, we interview Dr. Brent Lacey, MD of the Scope of Practice Podcast. We discuss his story, journey, and motivations for creating the Scope of Practice Podcast. We then discuss the nitty gritty of creating a podcast from getting clients on the show, sound, lighting, acoustics, video and audio editing. Dr. Brent Lacey is a gastroenterologist and founder of The Scope of Practice, a website and podcast devoted to helping physicians and other healthcare professionals learn to manage their businesses successfully and master their personal finances. He speaks on subject matters focused on business management, personal finances, and leadership. Dr. Brent Lacey can be found at thescopeofpratice.com and on social media @thescopeofpractice. Like, comment, share, and subscribe!
Sunday Special 15 - My guests today are Dr. Tim and Dr. May Hindmarsh. Drs. May and Tim Hindmarsh are a dual physician Christian couple. Although their personal testimonies and faith journeys are vastly different, their commitment to their 29 years of marriage has stood the test of time, despite trials and bumps along the way. They have a blast doing life together, but stress the importance of independence and interdependence with Jesus as the center of the relationship.They are both Board Certified Family Practice Physicians who were born, raised and trained in Canada and migrated to the wonderful world of the USA in 1994. Having practiced full rural family medicine, hospital medicine and urgent care- they are now enjoying podcasting on BS FREE MD and planning the next chapter of their careers. I'm excited to share their story with you. They'll make you laugh, they'll make you think, and they may even make you cry. It's an incredible episode. You're going to love it.Register for Residency-Proof Your Marriage!This online video course will coach you through setting expectations, communicating effectively, getting on the same page with finances, and keeping your relationship thriving during a difficult time. Whether you're in medical school, residency, or out in clinical practice, Residency-Proof Your Marriage is going to help you build a thriving medical marriage. Get on the waitlist for the course launch this fall!Email Dr. Brent Lacey for help with career or personal finance coaching or to contribute to The Body of Christ devotional series. Free Resource: The Body of Christ - A 14-day devotional series for healthcare professionalsThis is a medically-themed devotional series with Bible passage discussion, reflection questions, prayers, and action steps to take each day. It's a great series, and you can download it for free below.Also, we are expanding The Body of Christ to a full 90-day series, and we are now accepting submissions from guest authors for the devotional series. If you want to contribute to the series and write some of the devotionals, please let me know! Guest authors get full attribution and promotion for their business, blog, or podcast. You can email me at info@thescopeofpractice.com.
Dr. Brent Lacey is a gastroenterologist who is passionate about helping physicians succeed with business and personal finances. As a physician, he understands how overwhelming it can be to step out of clinical training and into a career, and he has seen firsthand the lack of education on how to run a practice and manage finances. He has coached hundreds of families to succeed in eliminating debt and has spoken to physician groups around the country on topics related to business and personal finance. That's also why he founded The Scope of Practice website. His goal is to help physicians learn how to manage their businesses successfully and master their personal finances. Unlock Bonus content and get the shows early on our Patreon Follow us or Subscribe: Apple Podcasts | Google Podcasts | Stitcher | Amazon | Spotify --- Show notes at https://rxforsuccesspodcast.com/58 Report-out with comments or feedback at https://rxforsuccesspodcast.com/report Music by Ryan Jones. Find Ryan on Instagram at _ryjones_, Contact Ryan at ryjonesofficial@gmail.com
Sunday Special 14 - My guest today is Dr. Nneka Unachukwu, better known as Dr. Una. She is the founder of Ivy League Pediatrics, a multi-site pediatric practice in Georgia. While building this practice, she developed a love for entrepreneurship and has since built other thriving businesses as well. Dr. Una founded EntreMD to help physicians like her start and grow a business. She has a successful podcast, a great business mind, and a really interesting testimony. She grew up in Africa, immigrated to the States, and has proceeded to take the medical community by storm. She's an incredible model of physician entrepreneurship, and I'm so excited to share her story with you!Register for Residency-Proof Your Marriage!I'm excited to tell you about a new online course I'm launching called “Residency-Proof Your Marriage.” I've seen way too many couples get divorced or see their relationships go sour during their medical career. Medical training is an inherently divisive time, so you have to work to combat that! This online video course will coach you through setting expectations, communicating effectively, getting on the same page with finances, and keeping your relationship thriving during a difficult time. Whether you're in medical school, residency, or out in clinical practice, Residency-Proof Your Marriage is going to help you build a thriving medical marriage. This is a very inexpensive investment in your marriage. A weekend marriage retreat will cost upwards of $1000 between food, registration, lodging, and vacation time. This course is just a fraction of that cost and you can complete it on your own time!Registration for the beta course is closed, but get on the waitlist for the course launch this fall!Click here to sign up today! Email Dr. Brent Lacey to contribute to The Body of Christ devotional series. Free Resource: The Body of Christ - A 14-day devotional series for healthcare professionalsThis is a medically-themed devotional series with Bible passage discussion, reflection questions, prayers, and action steps to take each day. It's a great series, and you can download it for free below.Also, we are expanding The Body of Christ to a full 90-day series, and we are now accepting submissions from guest authors for the devotional series. If you want to contribute to the series and write some of the devotionals, please let me know! Guest authors get full attribution and promotion for their business, blog, or podcast. You can email me at info@thescopeofpractice.com.
What is your relationship with money? I know that sounds like a weird question, but medical doctors seem to have an unusual relationship with money, especially when it comes to debt. How do you start a business If you have big burdensome medical school loans hanging over you? Or should you? Here to help answer these questions is gastroenterologist and financial management expert Dr. Brent Lacey. We discuss his origin on becoming a financial coach starting at his church, how his upbringing and military career influenced his thinking, and how he educates financial issues with physicians today. He also has a very interesting take on the FIRE (Financial Independence, Retire Early) movement. There's a lot of great nuggets of information on this call, so be sure you download this episode today! ===== PhysicianCoaches.com The #1 Doctor Directory for Physician Coaches, Consultants, and Mentors https://www.PhysicianCoaches.com ————— Now an Amazon Best Seller! The Positioned Physician: Earn More, Work Smart, and Love Medicine Again, 2nd Edition: Updated with over 50 pages of new content including new chapters on goal setting, mindset, and sales strategies for a successful online business! https://www.amazon.com/Positioned-Physician-Updated-Smart-Medicine/dp/B08QFBMWCY
Episode 65 - I'm going to mix it up a little bit today. I recently hosted a webinar where I gave a presentation called "Smart Strategies for Building a Successful Clinical Practice." (Click here to view the webinar) We had hundreds of attendees, and it was still just a fraction of this podcast audience. I got so much great feedback about the value of the content that I thought I would just share it here with you! The webinar host was Omar Khateeb of Gentem Health. You may remember his great talk on branding in episode 57, which you should definitely go listen to. I'm interested in trying some new things with the podcast to give you even more value with every episode. I'd love to hear feedback from you about this podcast style. If this is something that really works for you, let me know, and I'll do more. If not, well, we'll file this under “been there, done that.” You can email me at podcast@thescopeofpractice.com and let me know what you thought. In this episode, we explore strategies for building a successful clinical practice using a framework I call the "Honeycomb of Success." These six areas of your clinical practice will help you grow, refine, and scale your practice if you tend to them well. Enjoy!Special offer from Gentem.com, just for my podcast listeners! Gentem is giving away a free benchmark assessment for anyone listening to this podcast. That's a minimum $5,000 value, and it could be worth 20 times that in reclaimed revenue! Click here to claim your free benchmark assessment and see where your company is losing revenue. And, as an added bonus, if you become a Gentem customer by June 30th, you'll get your first month totally free! This is an amazing offer, frankly, and I highly encourage you to take advantage of it. Get on the waitlist for Residency-Proof Your Marriage! This online video course will coach you through setting expectations, communicating effectively, getting on the same page with finances, and keeping your relationship thriving during a difficult time. Whether you're in medical school, residency, or out in clinical practice, Residency-Proof Your Marriage is going to help you build a thriving medical marriage. Registration for the beta course is closed, but get on the waitlist for the course launch this fall!Free Resource: A Physician's Prescription for Success in Business and Personal FinanceJoin the Business and Personal Finance for Physicians and Dentists Facebook Group!Check out the Doctor Podcast Network!
I encourage you to reach out to me at katemangona@medicinemarriageandmoney.com with any questions, concerns, or suggestions! Want a free copy of The Medical Marriage Survival Guide: An Instruction Manual For Physicians in Love E-book/Workbook? → Visit https://library.medicinemarriageandmoney.com/waitlist and I will send it to you! Want to work with me 1:1 to take your relationship to the next level? → sign up at https://www.medicinemarriageandmoney.com and click “I AM READY” for a free 45-minute introductory coaching consult! I will do the rest! WHAT YOU WILL DISCOVER IN THIS EPISODE Medicine: How he paid off his medical school loan debt Why his GI practice struggled to make any money during the pandemic How they planned a wedding during medical school Marriage: Proposing to his medical school sweetheart 5 months after they met Infatuation at first sight Bonding over sonic drive-in dates Money: What designating a household CFO means Why having equal say in the budget is necessary Teaching children about money through commission opportunities Coaching: How to become more loving Normalizing shame and hopelessness when it comes to finances How to practice good medicine in private practice TAKE HOME POINTS FROM BRENT LACEY Most conflicts arise from unrealistic or unknown expectations. Figure out your business, family, and life values before a crisis. Don't wait for a crisis to figure out what is most important in life to you! Caring more about your spouse's goals than your own fosters selflessness and relational unity. We run an exceptional business so that we can practice good medicine. WALK AWAY ASKING YOURSELF Why do I feel shame or hopelessness when it comes to my finances? What unrealistic or unrealized expectations do I have for my spouse? How do I show selflessness towards my spouse? How can I commit to loving my spouse despite the struggles which may and do arise? Am I choosing to love my spouse on a daily basis? How do I show love? FEATURED ON THIS SHOW Website: www.thescopeofpractice.com Facebook: www.thescopeofpractice.com/facebookpage $99 “Residency Proof Your Marriage Course: https://the-scope-of-practice-academy.teachable.com/courses/residency-proof-your-marriage?affcode=996806_mhqjyf01 Instagram: @TheScopeOfPractice Twitter: @BusinessCoachMD LinkedIn: https://www.linkedin.com/in/brent-lacey/ Podcast: www.thescopeofpractice.com/podcast *This podcast is a member of the Doctor Podcast Network
This is the audio from Gentem's Private Practice Growth Webinar Series. You can watch the webinar with slides here. Get your free billing and revenue benchmark assessment here: https://gentem.com/sop Download Dr. Lacey's 5 Critical Tools for Physician Leaders eBook here https://www.thescopeofpractice.com/5-critical-tools-for-physician-leaders-pmg/ With private practice ownership making a comeback post pandemic, it's vital to deploy the best strategies to help build a successful clinical practice. Physician influencer and clinician Dr. Brent Lacey, founder of the popular blog/podcast "Scope of Practice" shares the best strategies to build a successful practice.
As physicians, we often hear that we're not very good with our money. We're so busy taking care of patients, we may not put a lot of time into understanding our relationship to money and how it's impacting our life and future goals. According to Dr. Brent Lacey, board-certified gastroenterologist and master financial coach, physicians make the same mistakes as everyone else with their money. The mistakes just have more zeros at the end. Come listen in as he shares 5 key steps for success with your finances as a physician. You can find the show notes for this episode and more information by clicking here: www.doctorscrossing.com/32
This week is part 2 with Dr. Brent Lacey, a physician who is the CEO of the Scope of Practice. He helps coach healthcare providers on not just in practice management and leadership, but also personal finance. Today Dr. Lacey generously shares his coaching philosophy on work-place culture and team-building. Be sure to listen to The Scope of Practice Podcast (one of the top medical podcasts in 2021!). Many dentists describe their biggest challenges as not clinical procedures or speed, but actually managing staff. There are some great take-aways in today's episode that can help with that very struggle! A harmonious team is a much more reliable recipe to achieve success in practice, and success in practice is jet fuel to achieve Financial Independence. https://www.thescopeofpractice.com/ www.thegoldcrownpodcast.com thegoldcrownpodcast@gmail.com
This week we speak to Dr. Brent Lacey, a physician who is the CEO of the Scope of Practice. He helps coach healthcare providers on not just in practice management and leadership, but also personal finance. Dr. Lacey generously shares his coaching philosophy on debt and budgeting. Be sure to listen to The Scope of Practice Podcast (one of the top medical podcasts in 2021!) Stay tuned for part 2! https://www.thescopeofpractice.com/ www.thegoldcrownpodcast.com thegoldcrownpodcast@gmail.com
Who's your ideal client and what's the biggest challenge they face?What are the common mistakes people make when trying to solve that problem?What is one valuable free action that our audience can implement that will help with that issue?What is one valuable free resource that you can direct people to that will help with that issue?What's the one question I should have asked you that would be of great value to our audience?When was the last time you experienced Goosebumps with your family and why?Free Resource Dr. Lacey mentioned:Setting Reachable Financial Goals (Free pdf download to help you set and attain your financial goals.)Get in touch with Dr. Lacey:Website, Podcast, Facebook, LinkedIn, Twitter, InstagramLearn more about how Uwe helps his clients: Visit uwedockhorn.com. Or when you feel you'd be interested in working together you can Book A Chat With Uwe
This is Episode 35 of The Changed Physician Podcast. Dr. Kevin Cuccaro and Dr. Melissa Cady discuss issues surrounding time management in the busy lives and practices of physicians with returning guest Brent Lacey, MD (The Scope of Practice podcast). Timeline: 1:30 Time management is like Budgeting 2:20 Time Assessment 6:00 Automate or Delegate 9:00 Chief Everything Officer 10:55 Importance of Physician Leadership 13:00 Getting your employees to act like owners 14:55 “The Ideal Team Player” book reference 17:00 The problem with “gunners” 18:50 Mission-driven versus Metric-driven businesses 20:15 Toxicity's impact on the environment 22:20 Invest in the people 24:00 Example of a caring physician being pushed out 25:00 Making time to be strategic on your mission/business 27:00 How he does staff meetings 28:30 The importance of Team Learn More About the Community at:
Being a physician leaves you no choice–you ARE going to lead. Dr. Brent Lacey is a gastroenterologist who is passionate about helping physicians succeed with business and personal finances. As a physician, he understands how overwhelming it can be to step out of clinical training and into a career, and he has seen firsthand the lack of education on how to run a practice and manage finances. That's also why he founded The Scope of Practice website. http://www.thescopeofpractice.com/ One of the critical job responsibilities of being a physician is leading a team. Those teams can be small–such as those that are caring for patients–or huge–like those that lead healthcare systems. No matter what, learning how to lead a team–and how to be lead–is as important as any medical knowledge a medical school can impart. Dr. Brent Lacey is a leader himself, a gastroenterologist, a Naval officer, and physician career coach. He knows a few things about leadership, and he talks about these topics and more on his show, The Scope of Practice Podcast. He visited with MD/PhD student Aline Sandouk, M4 Holly Conger, and M2 Nathen Spitz to talk about what makes great leaders in medicine, how to be a great team member, and–very important for you future interns out there–why having a goal of just surviving the first months of your intern year is not good enough. Dr. Lacey wasn't just helpful in our conversation, but he'll also email you a set of resources just for SCP listeners! Thanks, Dr. Lacey! We Want to Hear From You What lessons are you learning about teamwork and leadership? Call us at 347-SHORTCT anytime or email theshortcoats@gmail.com. …
ABOUT: Dr. Brent Lacey is a gastroenterologist and the owner of “The Scope of Practice” website. He initially started blogging and building an online presence. This led to being a guest on podcasts and realized he loved it, so he started his own. He has a passion for helping people with personal finances. Doctors and high earning professionals are not immune to doing stupid things with money, they just do it with more zeros. Personal finance is mostly behavior, so this group can be more susceptible to poor choices. Delaying gratification, prioritizing paying off debt, and making a budget are universal concepts no matter how much you make. Look for little things that you can appreciate in your life rather than the big dollar expenses. When you get a raise, enjoy 10% of it to upgrade your lifestyle, but leave the rest for growth. As business owners, we have a duty to learn business before we open our practices. You have people that will depend on you. If you don't have courses that are part of your schooling, learn on your own. One leadership book a quarter, podcasting, or mentorship opportunities can fill the gap. Check out the link for his top 35 business and leadership books in the links at the bottom. THE ENTREPRENEUR BIG 3: What is your productivity tip? Batching like tasks together can make you much more productive. Grouping all writing, emails, phone calls, etc. together and setting a designated time to accomplish them keeps you from wasting time jumping from task to task. Share a tool that has helped you as an Entrepreneur. The app “Things” is a fantastic to-do list that helps him not forget tasks. There are tasks with subtasks and checklists to break it down. He also likes the “Someday” tab to help think of ideas he'd like to visit in the future. What is your favorite business book? His favorite book is “Good to Great” by Jim Collins. He did a five-year study of companies that were good and those that truly excelled and compared companies in the same or similar industries. By comparing them, we can see what strategies by design allowed them to go from good to great. LEARNING FROM THE PAST: What's a mistake that you made that you learned a good lesson? Believing that where I went to school was overly important. After applying to the schools I wanted, it came down to money, and I found myself at my backup school. What I learned from that is that the school has very little to do with my education and has much more to do with me and how I use the opportunity. That was very freeing because when he went on to med school and residency he struggled with that bit and learned that he still got a phenomenal education. Thinking that you need to be at a certain place may cause you to miss out on what is right for you. What advice would you give to your younger self? I would tell myself as a junior in high school to stop thinking about the next thing, or the next achievement and start looking at the bigger picture. Were you good to the people around you? Were you a good father, husband, friend, person? Do you have high moral character? Would you want to be your friend? In the grand scheme, everything else just doesn't matter much. Links: Website: https://www.thescopeofpractice.com/ His weekly podcast is called “The Scope of Practice” : https://www.thescopeofpractice.com/the-scope-of-practice-podcast/ 35 favorite books: www.thescopeofpractice.com/readinglist