Podcast appearances and mentions of elisa chiang

Last week, we explored the role of insurance in protecting your assets. This week, we're zooming in on a type of insurance that often flies under the radar: travel insurance. Whether you're climbing Mount Kilimanjaro, cruising to Antarctica, or simply flying cross-country, travel insurance can make or break your trip financially if something goes wrong. In this episode, I share:When travel insurance is actually worth buyingThe difference between credit card travel protection and comprehensive travel insuranceWhy I canceled my Chase Sapphire Preferred after a frustrating insurance claimHow to evaluate the real value of travel coverage, especially when traveling internationallyThe pros and cons of single-trip vs. annual travel insuranceWhich companies are most reputable and what to look for in a policy From missed connections to emergency evacuations, I'll help you decide when it makes sense to get coverage — and how to avoid wasting money on insurance that won't pay when you need it most. Key TakeawaysCredit card travel insurance can be helpful for minor issues, but often lacks the customer support or reimbursement success for larger claims.Comprehensive travel insurance offers coverage for emergencies, medical care, and trip cancellations — crucial for expensive or adventurous trips.Consider annual plans if you travel frequently.Always read the fine print and check what's truly covered before buying. Mentioned Travel Insurance CompaniesAllianz Travel Insurance World NomadsAIG Travel GuardIMGTravelex InsuranceAmerican Express Travel Insurance Please subscribe and leave a review on your favorite Podcasting platform. Get 12 Financial Mistakes that Keep Physicians from Building Wealth at https://www.growyourwealthymindset.com/12financialmistakes If you want to start your path to financial freedom, start with the Financial Freedom Workbook. Download your free copy today at https://www.GrowYourWealthyMindset.com/fiworkbook Dr. Elisa Chiang is a physician and money coach who helps other doctors reach their financial goals by mastering their money mindset through personalized 1:1 coaching . You can learn more about Elisa at her website or follow her on social media. Website: https://ww.GrowYourWealthyMindset.com Instagram https://www.instagram.com/GrowYourWealthyMindset Facebook https://www.facebook.com/ElisaChiang https://www.facebook.com/GrowYourWealthyMindset YouTube: https://www.youtube.com/c/WealthyMindsetMD Linked In: www.linkedin.com/in/ElisaChiang Disclaimer: The content provided in the Grow Your Wealthy Mind...

When it comes to asset protection, your first line of defense is insurance against a potential financial disaster. You may purchase insurance to protect an asset, like homeowners' insurance protects your personal residence in the case of significant damage. As you build your wealth, you may drop some types of insurance since you can self-fund if a situation occurs where you would actually use that insurance. Once you have an emergency fund that covers 3-6 months of living expenses, then you can self-fund any short-term disability. Some insurances are only necessarily depending on your personal situation. Life insurance is really to protect your loved ones since when you buy life insurance for yourself, you aren't on this earth the benefit from the payout of life insurance. This episode reviews the different types of insurance products and breaks down who would benefit from each insurance product.   Disclaimer: I am not an insurance broker, this is not personalized professional advice.   Please subscribe and leave a review on your favorite Podcasting platform. Get 12 Financial Mistakes that Keep Physicians from Building Wealth at https://www.growyourwealthymindset.com/12financialmistakes If you want to start your path to financial freedom, start with the Financial Freedom Workbook. Download your free copy today at https://www.GrowYourWealthyMindset.com/fiworkbook Dr. Elisa Chiang is a physician and money coach who helps other doctors reach their financial goals by mastering their money mindset through personalized 1:1 coaching . You can learn more about Elisa at her website or follow her on social media. Website: https://ww.GrowYourWealthyMindset.com Instagram https://www.instagram.com/GrowYourWealthyMindset Facebook https://www.facebook.com/ElisaChiang https://www.facebook.com/GrowYourWealthyMindset YouTube: https://www.youtube.com/c/WealthyMindsetMD Linked In: www.linkedin.com/in/ElisaChiang Disclaimer: The content provided in the Grow Your Wealthy Mind...

This month is going over probably my favorite happiness activity that comes out of The How of Happiness by Dr. Sonja Lyubomirsky  and that's nurturing social relationships. I personally am an extravert and love being connected with people. However, I have found this harder to do as I've gotten older.  We all get busy with our lives and time can seem to fly by. I'll notice it has been months since I chatted with a friend. Prepping this episode has prompted me to reach out to several people, as I mention in the episode. I hope it also prompts you to reach out to a friend or loved one you haven't connected with in a while. It's likely to boost your, and their, happiness. In this episode, we dive into:Why connection is a biological and emotional necessityHow small expressions of gratitude can transform your marriage or partnershipThe surprising truth about happy couples and the 5:1 ratioHow to shift your mindset when a loved one disappoints youThe Four Horsemen of unhappy relationships—and how to avoid themWays to celebrate good news with others and deepen connectionIf you're looking to feel more supported, loved, and joyful in your everyday life, this episode offers practical strategies backed by research—and delivered with compassion.Books Mentioned:The How of Happiness by Sonja LyubomirskyThe Seven Principles for Making Marriage Work by Dr. John GottmanPlease subscribe and leave a review on your favorite Podcasting platform. Get 12 Financial Mistakes that Keep Physicians from Building Wealth at https://www.growyourwealthymindset.com/12financialmistakes If you want to start your path to financial freedom, start with the Financial Freedom Workbook. Download your free copy today at https://www.GrowYourWealthyMindset.com/fiworkbook Dr. Elisa Chiang is a physician and money coach who helps other doctors reach their financial goals by mastering their money mindset through personalized 1:1 coaching . You can learn more about Elisa at her website or follow her on social media. Website: https://ww.GrowYourWealthyMindset.com Instagram https://www.instagram.com/GrowYourWealthyMindset Facebook https://www.facebook.com/ElisaChiang https://www.facebook.com/GrowYourWealthyMindset YouTube: https://www.youtube.com/c/WealthyMindsetMD Linked In: www.linkedin.com/in/ElisaChiang Disclaimer: The content provided in the Grow Your Wealthy Mind...

More people are familiar with the Backdoor Roth IRA strategy but there is also a Mega Backdoor Roth Strategy. While the Backdoor Roth Strategy is available to the majority of people, the Mega Backdoor Roth Strategy is more limited since it depends on how your employer sponsored retirement plan, whether it's a 401(k), 403(b) or 401(a), is set up. In this episode, discuss Roth conversions, review the Backdoor Roth IRA strategy (also check-out Episode 38: The Backdoor Roth IRA Explained) and then discuss the Mega Backdoor Roth Strategy. This week's episode covers:·        What a Roth conversion is and how it works·        Why it's important to know whether your IRA contributions are pre-tax or post-tax·        How to handle taxes when performing a Roth conversion·        The income limits for Roth IRA contributions in 2025 and how they affect high earners·        Why the Backdoor Roth IRA remains a valuable strategy despite no upfront deduction·        The step-by-step mechanics of the Mega Backdoor Roth strategy·        Which types of 401(k) plans support Mega Backdoor Roths·        Why business owners and self-employed physicians are uniquely positioned to take advantage of these strategies·        Tax implications and planning considerations, including why consulting with a CPA is essential If you've been wondering how to maximize your retirement savings and achieve greater tax efficiency, especially as a high-income earner, this episode is packed with practical guidance.Please subscribe and leave a review on your favorite Podcasting platform. If you want to start your path to financial freedom, start with the Financial Freedom Workbook. Download your free copy today at https://www.GrowYourWealthyMindset.com/fiworkbook Dr. Elisa Chiang is a physician and money coach who helps other doctors reach their financial goals by mastering their money mindset through personalized 1:1 coaching . You can learn more about Elisa at her website or follow her on social media. Website: https://ww.GrowYourWealthyMindset.com Instagram https://www.instagram.com/GrowYourWealthyMindset Facebook https://www.facebook.com/ElisaChiang https://www.facebook.com/GrowYourWealthyMindset YouTube: https://www.youtube.com/c/WealthyMindsetMD Linked In: www.linkedin.com/in/ElisaChiang Disclaimer: The content provided in the Grow Your Wealthy Mindset Podcast is for informational and entertainment only and should not be considered professional investment, legal, or tax advice. While Dr Elisa Chiang is a money coach for physicians, she is not a c...

Summary Dr. Elisa Chiang discussed strategies for creating predictability in unpredictable economic times, emphasizing that the fundamentals of the economy are generally sound, with current uncertainty stemming from external factors. She highlighted the importance of understanding economic interrelations and the potential impact of challenging international relationships. Dr. Chiang suggested that individuals and businesses should evaluate their dependencies and explore ways to become more self-reliant. For physicians, this includes recognizing the value of their skills and exploring options beyond traditional employment, such as private practice or becoming invaluable within their current roles. She also emphasized the importance of diversifying income streams and managing personal finances to reduce reliance on a single paycheck. The conversation also covered strategies for physicians to increase their income, such as specializing in high-value procedures, leveraging support staff, and improving efficiency. Dr. Chiang advised questioning fixed mindsets, challenging existing beliefs, and experimenting with new approaches to adapt to unpredictable times. She also discussed tax planning, investment strategies, and the importance of maintaining a long-term perspective when dealing with market volatility. For those nearing retirement, she recommended assessing risk tolerance, diversifying portfolios, and building a cash cushion. Dr. Chiang offers one-on-one coaching to help individuals navigate their financial situations and achieve their financial goals. Her podcast, 'Grow Your Wealthy Mindset,' provides financial literacy in bite-sized pieces, helping listeners build the knowledge and mindset needed to create financial stability. Chapters Introduction to Predictability in Unpredictable Times Elisa Chiang was invited to discuss creating predictability in unpredictable economic times. The discussion is framed as non-political, focusing on the factual unpredictability of the world. The goal is to provide strategies for individuals to make their financial situations more predictable. Economic Fundamentals and Global Interdependence Chiang stated that the fundamentals of the economy are still good, unlike the issues in 2008 with banking regulation. The current uncertainty is attributed to the actions and statements of certain individuals. The discussion highlights the importance of understanding the complexities of economics and global interrelations. Anytime decisions are made from an independent place, you start to realize we're actually not independent at all. Challenging Independence and Embracing Interdependence Chiang suggests challenging the idea of complete independence and recognizing interdependence on others. Asking questions about dependencies and self-reliance is valuable, but actions must be carefully considered. Many people feel dependent on their paycheck, but physicians have options due to the physician shortage. Separating the ability to produce income from the current job can create stability. Creating Independence and Managing Control The discussion covers the mentality behind creating a private practice and the desire for independence. It's noted that even in private practice, there is still interdependence on systems and people. The focus should be on how to become independent and self-determining results in situations where you don't have control over all of these things. It's important to understand what you can and can't control. Strategies for Exerting Independence Chiang suggests becoming an entrepreneur within your job to make yourself invaluable. This involves attracting patients directly and highlighting your value to the practice or institution. Employers care about generating income, so making yourself invaluable in this area is crucial. Taking care of personal finances and creating multiple income streams reduces reliance on a single paycheck. Translating Value into Income The inherent value of experience, training, and knowledge is highlighted. Physicians translate this value into income through their actions. The trap of trading time for money limits income potential unless value is translated into different income streams. The discussion explores ways physicians can generate income outside the classic RVU model. Increasing Income within the Physician Realm Specializing in specific procedures or surgeries can elevate income. Leveraging other people, such as nurse practitioners, can double clinic output. Hiring scribes can increase productivity and collections. Physicians should work at the top of their income level, delegating tasks to others. Mindset Shifts for Unpredictable Times Adopting a growth mindset can help individuals respond more effectively in unpredictable times. Questioning current beliefs and challenging the status quo is important. Comparing oneself to others who are thriving can provide insights and motivation. Willingness to spend money to make money and accepting failure are key to success. Helping Individuals Deal with Change Questioning the truth of current situations and exploring potential changes is crucial. Experimenting with small changes and learning from others can lead to improvements. Advocating for necessary resources, such as dedicated scrub techs, can increase efficiency. Believing in the potential for change and presenting a clear case for it is essential. Financial Viability in Private Practice A simple formula for private practice success is income minus expenses minus tax burden. All three factors can be influenced in different ways. Leveraging people, doing more cases, and optimizing income streams are ways to increase income. Tax burden can be managed through various strategies. Tax Planning and Side Businesses Every time is unpredictable, so framing the mindset accordingly is important. The more we think like, yeah, the world is doing whatever it's worlding. The world is doing whatever it's doing. We can make our own predictivity, then we don't have to keep thinking like, oh, it's unpredictable, and we have no way to affect it. It's just always unpredictable. As a W-2 employee, there are limited options for tax reduction. Having a side business can provide opportunities to write off personal expenses. Side hustles should align with passions and translate into value and money. Time Management and Productivity Finding something else that you need to find you having to find more time in order to do something helps you structure your time so that you are most efficient with your time. Limited time resources require careful management. Calendaring and time-blocking can improve efficiency. Having a list of tasks that can be done in 10-15 minute intervals can boost productivity. Managing Retirement Funds If retirement is 10 years or more away, continue with the financial plan and consider contributing more. Maximize retirement accounts and explore other savings options. Buying stocks when they are on sale can be a great strategy. Establish a risk tolerance and adjust investment strategies accordingly. Investment Strategies and Risk Tolerance The stock market tends to go up over time, especially with more people investing. Investing during downturns can lead to better outcomes. Even in retirement, there is still a long investing career ahead. Avoid panic selling and maintain a long-term perspective. Retirement Planning and Withdrawal Rates Assess investment strategies and consider shifting to a more conservative portfolio if nearing retirement. Develop a cash cushion to avoid selling stocks during the first few years of retirement. Understand what money is for and focus on enjoyment and security. Consider a Monte Cristo analysis to assess the chances of running out of money. Dr. Chang's Coaching and Podcast Chiang offers one-on-one coaching to help individuals reach their financial goals. She provides a judgment-free zone to discuss finances and job transitions. Her podcast, 'Grow Your Wealthy Mindset,' provides financial literacy in bite-sized pieces. The podcast helps listeners learn the information and mindset needed to create financial stability. Action Items Dr. Chiang suggested individuals and businesses should evaluate their dependencies and explore ways to become more self-reliant. Dr. Chiang advised physicians to recognize the value of their skills and explore options beyond traditional employment. Dr. Chiang emphasized the importance of diversifying income streams and managing personal finances. Dr. Chiang recommended questioning fixed mindsets and experimenting with new approaches. Dr. Chiang advised assessing risk tolerance and diversifying portfolios. Dr. Chiang recommended building a cash cushion for those nearing retirement.Growyourwealthymindset.com

Index fund investing is the best way to invest in the stock market. It has low fees, is tax efficent, and hands off while providing better returns over a 10 year period compared to 90% of actively managed mutual funds. However, not all index funds are created equal. There are index funds that have relatively high expenses and high turnover leading to tax inefficiency. There are also index funds that don't track the index they are following particularly well, leading to subpar returns. Choosing Index Funds is easy at Vanguard, Fidelity, or Charles Schwab who provide generally good index funds. But what about your employer sponsored retirement account where you may not have access to Vanguard or Fidelity Funds? Tune in to this week's episode to learn how to look for a good index fund for your portfolio.  Please subscribe and leave a review on your favorite Podcasting platform. If you want to start your path to financial freedom, start with the Financial Freedom Workbook. Download your free copy today at https://www.GrowYourWealthyMindset.com/fiworkbook Dr. Elisa Chiang is a physician and money coach who helps other doctors reach their financial goals by mastering their money mindset through personalized 1:1 coaching . You can learn more about Elisa at her website or follow her on social media. Website: https://ww.GrowYourWealthyMindset.com Instagram https://www.instagram.com/GrowYourWealthyMindset Facebook https://www.facebook.com/ElisaChiang https://www.facebook.com/GrowYourWealthyMindset YouTube: https://www.youtube.com/c/WealthyMindsetMD Linked In: www.linkedin.com/in/ElisaChiang Disclaimer: The content provided in the Grow Your Wealthy Mindset Podcast is for informational and entertainment only and should not be considered professional investment, legal, or tax advice. While Dr Elisa Chiang is a money coach for physicians, she is not a c...

You may have heard recommendations that range anywhere between 10% and 50% when it comes to how much of your income to save for retirement. I often recommend saving a min of 20% of gross income to physicians who plan to invest primarily in stock and bond index funds. How do you know what saving rate you need in your situation? What it comes down to is how many years you save (and invest) for retirement prior to withdrawing from the portfolio to fund retirement and how large of a portfolio is necessary to support the level of spending you desire to have once you are retired. The other factor is how long of a retirement you are expecting, which is a bit variable since no one really knows at what age they will die. If you plan on working until you are 65, you probably don't need to plan for a 40 year retirement but there is a possibility you could live to age 105. In this episode, I first do some calculations at various savings rates based on a $350,000 income, which is around the current average income for a physician. I think discuss Wade Donald Plau's research on Safe Savings Rates.This is an episode where it may be helpful to read the information and look at the chart. You can find a blog version of this week's podcast episode at https://www.growyourwealthymindset.com/blogPfau, Wade Donald, 2011. "Safe Savings Rates: A New Approach to Retirement Planning over the Lifecycle," MPRA Paper 28796, University Library of Munich, Germany.https://ideas.repec.org/p/pra/mprapa/28796.html You may also want to check out the blog article based on this episode, which can be found at https://www.growyourwealthymindset.com/blogPlease subscribe and leave a review on your favorite Podcasting platform. If you want to start your path to financial freedom, start with the Financial Freedom Workbook. Download your free copy today at https://www.GrowYourWealthyMindset.com/fiworkbook Dr. Elisa Chiang is a physician and money coach who helps other doctors reach their financial goals by mastering their money mindset through personalized 1:1 coaching . You can learn more about Elisa at her website or follow her on social media. Website: https://ww.GrowYourWealthyMindset.com Instagram https://www.instagram.com/GrowYourWealthyMindset Facebook https://www.facebook.com/ElisaChiang https://www.facebook.com/GrowYourWealthyMindset YouTube: https://www.youtube.com/c/WealthyMindsetMD Linked In: www.linkedin.com/in/ElisaChiang Disclaimer: The content provided in the Grow Your Wealthy Mindset Podcast is for informational and entertainment only and should not be considered professional investment, legal, or tax advice. While Dr Elisa Chiang is a money coach for physicians, she is not a c...

In the book, The How of Happiness, Dr. Sonja Lynbomirsky outlines 12 activities to increase overall happiness by shifting one's baseline. For 2025, each month will have an episode that talks about activities that can help increase happiness by adjusting that baseline upwards.This month's episode is about Practicing Acts of Kindness. Tune in to learn about activities that research has shown to increase happiness. Please subscribe and leave a review on your favorite Podcasting platform. If you want to start your path to financial freedom, start with the Financial Freedom Workbook. Download your free copy today at https://www.GrowYourWealthyMindset.com/fiworkbook Dr. Elisa Chiang is a physician and money coach who helps other doctors reach their financial goals by mastering their money mindset through personalized 1:1 coaching . You can learn more about Elisa at her website or follow her on social media. Website: https://ww.GrowYourWealthyMindset.com Instagram https://www.instagram.com/GrowYourWealthyMindset Facebook https://www.facebook.com/ElisaChiang https://www.facebook.com/GrowYourWealthyMindset YouTube: https://www.youtube.com/c/WealthyMindsetMD Linked In: www.linkedin.com/in/ElisaChiang Disclaimer: The content provided in the Grow Your Wealthy Mindset Podcast is for informational and entertainment only and should not be considered professional investment, legal, or tax advice. While Dr Elisa Chiang is a money coach for physicians, she is not a c...

When you hear about a big drop in the stock market, do you feel uneasy? Do you consider selling your stocks or not investing any more money right now. That you'll wait until the market starts to recover? If that sounds like you, you need to listen to this podcast episode. I want to encourage you to stay invested. When you deviate from your investment plan due to the performance of the stock market, you are actually practicing market timing, which is a fool game. In this episode, I explain why it's so hard to time the market and why it's better to stay invested, and keep investing according to your financial or investment plan. That was true even with the Great Depression. The big market drop came in 1929 but the stock market didn't hit bit bottom until 1932. People who kept investing in 1930 and 1931 and didn't wait until 1932 ended up with a much higher portfolio by 1942.  Current life expectancy in the US of 79.4 years is from https://www.macrotrends.net/global-metrics/countries/usa/united-states/life-expectancy The research study that showed that US male physicians were older when they died compared to male lawyers, other male professionals, and men in general is Frank, Erica et al. Mortality rates and causes among U.S. physicians American Journal of Preventive Medicine, Volume 19, Issue 3, 155 – 159. The Jama paper reporting women physicians have a lower life expectancy compared to male physicians is Patel VR, Liu M, Worsham CM, Stanford FC, Ganguli I, Jena AB. Mortality Among US Physicians and Other Health Care Workers. JAMA Intern Med. Published online February 24, 2025.WPlease subscribe and leave a review on your favorite Podcasting platform. If you want to start your path to financial freedom, start with the Financial Freedom Workbook. Download your free copy today at https://www.GrowYourWealthyMindset.com/fiworkbook You can learn more about Elisa at her website or follow her on social media. Website: https://ww.GrowYourWealthyMindset.com Instagram https://www.instagram.com/GrowYourWealthyMindset Facebook https://www.facebook.com/ElisaChiang https://www.facebook.com/GrowYourWealthyMindset YouTube: https://www.youtube.com/c/WealthyMindsetMD Linked In: www.linkedin.com/in/ElisaChiang Disclaimer: The content provided in the Grow Your Wealthy Mindset Podcast is for informational and entertainment only and should not be considered professional investment, legal, or tax advice. Dr Elisa Chiang is not a certified financial planner, attorney, or accountant. The views expressed are the personal opinion of Elisa Chiang and her guests and should not be taken as advice specific to you, the listener of the podcast. P...

401(a) plans were established with the original tax code in 1954 and have actually been around longer than 401(k) or 403(b) plans.  401(a) plans are generally offered by government agencies, educational institutions and non-profit organizations. Employers can form multiple 401a plans that each have their own distinct eligibility criteria, contribution amounts, and vesting schedules. 401a plans can have mandatory or voluntary contributions. For those plans that require employees to participate, employers must also contribute to the plan for the benefit of the employee. An employer may offer both a 401(a) plan and 403(b) plan which each have separate contribution limits.  Tune into this episode to learn more about 401(a) plans and how they differ from 403(b) and 401(k) plans.Please subscribe and leave a review on your favorite Podcasting platform. If you want to start your path to financial freedom, start with the Financial Freedom Workbook. Download your free copy today at https://www.GrowYourWealthyMindset.com/fiworkbook You can learn more about Elisa at her website or follow her on social media. Website: https://ww.GrowYourWealthyMindset.com Instagram https://www.instagram.com/GrowYourWealthyMindset Facebook https://www.facebook.com/ElisaChiang https://www.facebook.com/GrowYourWealthyMindset YouTube: https://www.youtube.com/c/WealthyMindsetMD Linked In: www.linkedin.com/in/ElisaChiang Disclaimer: The content provided in the Grow Your Wealthy Mindset Podcast is for informational and entertainment only and should not be considered professional investment, legal, or tax advice. Dr Elisa Chiang is not a certified financial planner, attorney, or accountant. The views expressed are the personal opinion of Elisa Chiang and her guests and should not be taken as advice specific to you, the listener of the podcast. P...

The alternative minimum tax, or AMT, was implemented in 1969 to ensure that all Americans pay their fair share of taxes, and particularly targeted high-income individuals who had a lot of tax deductions. It was originally design to catch those high-income individuals who paid little to no tax but unfortunately, it was not indexed for inflation until 2012. Over time, the AMT started affecting tax payers in middle-class households. The Tax Cuts and Jobs Act of 2017 passed under President Trump's first term made significant changes to the AMT beginning with the 2018 tax year but that expire in 2025. Depending on what happens this year, we will likely see changes to the tax code. This could be a continuation of what was passed in 2017 or something new. This episode goes into the AMT before 2017, who it affects for 2025, and what could happen if the TCJA is not extended or replaced.Please subscribe and leave a review on your favorite Podcasting platform. If you want to start your path to financial freedom, start with the Financial Freedom Workbook. Download your free copy today at https://www.GrowYourWealthyMindset.com/fiworkbook You can learn more about Elisa at her website or follow her on social media. Website: https://ww.GrowYourWealthyMindset.com Instagram https://www.instagram.com/GrowYourWealthyMindset Facebook https://www.facebook.com/ElisaChiang https://www.facebook.com/GrowYourWealthyMindset YouTube: https://www.youtube.com/c/WealthyMindsetMD Linked In: www.linkedin.com/in/ElisaChiang Disclaimer: The content provided in the Grow Your Wealthy Mindset Podcast is for informational and entertainment only and should not be considered professional investment, legal, or tax advice. Dr Elisa Chiang is not a certified financial planner, attorney, or accountant. The views expressed are the personal opinion of Elisa Chiang and her guests and should not be taken as advice specific to you, the listener of the podcast. P...

Dr. Michele Cho-Dorado is a Pediatric Gastroenterologist, Medical Director, children's book author, speaker and founder of Bright Futures EDG. She has developed a children's book series with a mission to introduce financial literacy to young kids. Her first two books are called “Reach For The Stars” and “Mimi's Magical Money-Earning Adventure” with additional books being released soon. Bright Futures EDG was formed to be a platform to increase financial literacy for kids while empowering them to be bold and to think big. She will be hosting the second annual Prosperous Kids Summit in late March 2025, which focuses on helping parents set their kids up for financial and personal success. She hopes to help raise confident leaders and compassionate changemakers. I am proud to be one of the speakers at this year's conference. Registration is free at https://prosperouskidssummit.com/Contact or follow Dr. Michele Cho-Dorado at Website www.BrightFuturesEDG.comInstagram: @brightfuturesedgFacebook: Bright Futures EDGLinkedIn: www.linkedin.com/in/michelecd/Email: info@brightfuturesedg.comPlease subscribe and leave a review on your favorite Podcasting platform. If you want to start your path to financial freedom, start with the Financial Freedom Workbook. Download your free copy today at https://www.GrowYourWealthyMindset.com/fiworkbook You can learn more about Elisa at her website or follow her on social media. Website: https://ww.GrowYourWealthyMindset.com Instagram https://www.instagram.com/GrowYourWealthyMindset Facebook https://www.facebook.com/ElisaChiang https://www.facebook.com/GrowYourWealthyMindset YouTube: https://www.youtube.com/c/WealthyMindsetMD Linked In: www.linkedin.com/in/ElisaChiang Disclaimer: The content provided in the Grow Your Wealthy Mindset Podcast is for informational and entertainment only and should not be considered professional investment, legal, or tax advice. Dr Elisa Chiang is not a certified financial planner, attorney, or accountant. The views expressed are the personal opinion of Elisa Chiang and her guests and should not be taken as advice specific to you, the listener of the podcast. P...

In the book, The How of Happiness, Dr. Sonja Lynbomirsky outlines 12 activities to increase overall happiness by shifting one's baseline. For 2025, each month will have an episode that talks about activities that can help increase happiness by adjusting that baseline upwards. This month's episode is about avoiding overthinking and social comparison. Tune in to learn about activities that research has shown to increase happiness. In the book, overthinking is defined as thinking too much, needlessly, passively, endlessly and excessive pondering the meanings, causses, and consequence of your character, your feelings, and your problems. This podcast reviews 5 strategies to help stop overthinking Social comparison is comparing yourself to others and is natural in our society. From a young age, we get compared to our fellow students in school, to our fellow teammates when playing sports, and possibly to our siblings by our parents/teachers/other adults. Social comparison can both be motivating and demoralizing. The key is to focus on the positive aspects. Please subscribe and leave a review on your favorite Podcasting platform.  If you want to start your path to financial freedom, start with the Financial Freedom Workbook. Download your free copy today at https://www.GrowYourWealthyMindset.com/fiworkbook You can learn more about Elisa at her website or follow her on social media.Website: https://ww.GrowYourWealthyMindset.comInstagram https://www.instagram.com/GrowYourWealthyMindsetFacebook https://www.facebook.com/ElisaChianghttps://www.facebook.com/GrowYourWealthyMindsetYouTube: https://www.youtube.com/c/WealthyMindsetMDLinked In: www.linkedin.com/in/ElisaChiang  Disclaimer: The content provided in the Grow Your Wealthy Mindset Podcast is for informational and entertainment only and should not be considered professional investment, legal, or tax advice. Dr Elisa Chiang is not a certified financial planner, attorney, or accountant.  The views expressed are the personal opinion of Elisa Chiang and her guests and should not be taken as advice specific to you, the listener of the podcast. Personal finance is personal and your personal financial decision need to be made based on your personal financial situation and risk tolerance after having completed your own due diligence.   

W-2 is a wage and tax statement and is sent by an employer to an employee to show the earned income the employer paid the employee during the prior tax year.1099-NEC (or 1099-MISC before 2020) are issued to independent contractors. K-1's are issued by Partnerships, S-Corps, or Estates and Trusts to partners, shareholders, and beneficiaries to report financial information like income and earnings, losses, deductions, and credits. Three are a number of other types of 1099s issued to report some sort of compensation or distribution of assets as well as losses. Please subscribe and leave a review on your favorite Podcasting platform. If you want to start your path to financial freedom, start with the Financial Freedom Workbook. Download your free copy today at https://www.GrowYourWealthyMindset.com/fiworkbook You can learn more about Elisa at her website or follow her on social media.Website: https://ww.GrowYourWealthyMindset.comInstagram https://www.instagram.com/GrowYourWealthyMindsetFacebook https://www.facebook.com/ElisaChianghttps://www.facebook.com/GrowYourWealthyMindsetYouTube: https://www.youtube.com/c/WealthyMindsetMDLinked In: www.linkedin.com/in/ElisaChiang  Disclaimer: The content provided in the Grow Your Wealthy Mindset Podcast is for informational and entertainment only and should not be considered professional investment, legal, or tax advice. Dr Elisa Chiang is not a certified financial planner, attorney, or accountant.  The views expressed are the personal opinion of Elisa Chiang and her guests and should not be taken as advice specific to you, the listener of the podcast. Personal finance is personal and your personal financial decision need to be made based on your personal financial situation and risk tolerance after having completed your own due diligence.   

One thing that attracts a lot of people to investing in real estate is how fast you can potentially grow your wealth. Yes, it takes a lot more effort and work than investing in low cost index funds. The use of financial leverage is also a key to amplify returns in real estate investing. However, using financial leverage goes both ways, it magnifies returns but also magnifies losses. Tune in to learn more about the risks and benefits of using financial leverage with different scenarios explaining the power, for better or worse, of financial leverage. Please subscribe and leave a review on your favorite Podcasting platform.  If you want to start your path to financial freedom, start with the Financial Freedom Workbook. Download your free copy today at https://www.GrowYourWealthyMindset.com/fiworkbook You can learn more about Elisa at her website or follow her on social media.Website: https://ww.GrowYourWealthyMindset.comInstagram https://www.instagram.com/GrowYourWealthyMindsetFacebook https://www.facebook.com/ElisaChianghttps://www.facebook.com/GrowYourWealthyMindsetYouTube: https://www.youtube.com/c/WealthyMindsetMDLinked In: www.linkedin.com/in/ElisaChiang  Disclaimer: The content provided in the Grow Your Wealthy Mindset Podcast is for informational and entertainment only and should not be considered professional investment, legal, or tax advice. Dr Elisa Chiang is not a certified financial planner, attorney, or accountant.  The views expressed are the personal opinion of Elisa Chiang and her guests and should not be taken as advice specific to you, the listener of the podcast. Personal finance is personal and your personal financial decision need to be made based on your personal financial situation and risk tolerance after having completed your own due diligence.  

The easiest way to invest in real estate is through publicly traded REITs, Real Estate Investment Trusts and REIT mutual funds or exchange traded funds. Congress established REITS in 1960 which must meet specific criteria. -        Invest at least 75% of its total assets in real estate, cash, or US Treasurys -        Derive at least 75% of its gross income from rents of real property, interest on mortgage financing property or from sales of real estate-        Pay at least 90% of its taxable income in the form of shareholder dividends each year-        Taxed as a corporation and managed by a board of directors or trustees -        Must have a minimum of 100 shareholders with no more than 50% of its shares held by five or fewer individuals. REITs can be a good source of cashflow, though they tend to be tax inefficient. REITs provide high liquidity and diversification and you can start with small investments.  Please subscribe and leave a review on your favorite Podcasting platform. If you want to start your path to financial freedom, start with the Financial Freedom Workbook. Download your free copy today at https://www.GrowYourWealthyMindset.com/fiworkbookYou can learn more about Elisa at her website or follow her on social media.Website: https://ww.GrowYourWealthyMindset.comInstagram https://www.instagram.com/GrowYourWealthyMindsetFacebook https://www.facebook.com/ElisaChianghttps://www.facebook.com/GrowYourWealthyMindsetYouTube: https://www.youtube.com/c/WealthyMindsetMDLinked In: www.linkedin.com/in/ElisaChiang  Disclaimer: The content provided in the Grow Your Wealthy Mindset Podcast is for informational and entertainment only and should not be considered professional investment, legal, or tax advice. Dr Elisa Chiang is not a certified financial planner, attorney, or accountant.  The views expressed are the personal opinion of Elisa Chiang and her guests and should not be taken as advice specific to you, the listener of the podcast. Personal finance is personal and your personal financial decision need to be made based on your personal financial situation and risk tolerance after having completed your own due diligence.   

In the book, The How of Happiness, Dr. Sonja Lynbomirsky outlines 12 activities to increase overall happiness by shifting one's baseline. For 2025, each month will have an episode that talks about activities that can help increase happiness by adjusting that baseline upwards.This month's episode is about cultivating optimism. Tune in to learn about activities that research has shown to increase happiness. Please subscribe and leave a review on your favorite Podcasting platform.  If you want to start your path to financial freedom, start with the Financial Freedom Workbook. Download your free copy today at https://www.GrowYourWealthyMindset.com/fiworkbook You can learn more about Elisa at her website or follow her on social media.Website: https://ww.GrowYourWealthyMindset.comInstagram https://www.instagram.com/GrowYourWealthyMindsetFacebook https://www.facebook.com/ElisaChianghttps://www.facebook.com/GrowYourWealthyMindsetYouTube: https://www.youtube.com/c/WealthyMindsetMDLinked In: www.linkedin.com/in/ElisaChiang  Disclaimer: The content provided in the Grow Your Wealthy Mindset Podcast is for informational and entertainment only and should not be considered professional investment, legal, or tax advice. Dr Elisa Chiang is not a certified financial planner, attorney, or accountant.  The views expressed are the personal opinion of Elisa Chiang and her guests and should not be taken as advice specific to you, the listener of the podcast. Personal finance is personal and your personal financial decision need to be made based on your personal financial situation and risk tolerance after having completed your own due diligence.   

Have you ever heard of a hot stock tip and debated if you should jump on it? Or been invited to join a group where they discuss promising stocks? If so, you want to avoid finding yourself in a pump an dump scheme. It can be tempting to seek out quick riches but it can leave you with sizeable losses. In this episode, I review what are pump and dump schemes and how they work. I also talk about short squeezes, like what happened to GameStop Stock in 2021. Please subscribe and leave a review on your favorite Podcasting platform.  If you want to start your path to financial freedom, start with the Financial Freedom Workbook. Download your free copy today at https://www.GrowYourWealthyMindset.com/fiworkbook You can learn more about Elisa at her website or follow her on social media.Website: https://ww.GrowYourWealthyMindset.comInstagram https://www.instagram.com/GrowYourWealthyMindsetFacebook https://www.facebook.com/ElisaChianghttps://www.facebook.com/GrowYourWealthyMindsetYouTube: https://www.youtube.com/c/WealthyMindsetMDLinked In: www.linkedin.com/in/ElisaChiang  Disclaimer: The content provided in the Grow Your Wealthy Mindset Podcast is for informational and entertainment only and should not be considered professional investment, legal, or tax advice. Dr Elisa Chiang is not a certified financial planner, attorney, or accountant.  The views expressed are the personal opinion of Elisa Chiang and her guests and should not be taken as advice specific to you, the listener of the podcast. Personal finance is personal and your personal financial decision need to be made based on your personal financial situation and risk tolerance after having completed your own due diligence.  

For many people, the largest amount of money spent in a single purchase is buying real estate. The average home price in the United States is around $420,000 in 2024. In high cost of living areas, the average single-family house can be over $1 million dollars. There are people who think that rent is throwing away money, and if a mortgage is less than rent, you should buy. What those people don't realize is the true cost of homeownership. This includes the cost of purchasing a home, maintaining the home, and selling the home. It is possible to purchase a home with very little upfront cash, this is especially true when using a physician loan. Once you own the home, you are responsible for all the maintenance. This not only includes utilities and landscaping but also fixing and replacing household appliances or structural components. When selling a property, you may need to make repairs or pay for staging. You'll also pay for closing costs and realtor costs.Tune in to learn more about the true costs of home ownership. Please subscribe and leave a review on your favorite Podcasting platform.  If you want to start your path to financial freedom, start with the Financial Freedom Workbook. Download your free copy today at https://www.GrowYourWealthyMindset.com/fiworkbook You can learn more about Elisa at her website or follow her on social media.Website: https://ww.GrowYourWealthyMindset.comInstagram https://www.instagram.com/GrowYourWealthyMindsetFacebook https://www.facebook.com/ElisaChianghttps://www.facebook.com/GrowYourWealthyMindsetYouTube: https://www.youtube.com/c/WealthyMindsetMDLinked In: www.linkedin.com/in/ElisaChiang  Disclaimer: The content provided in the Grow Your Wealthy Mindset Podcast is for informational and entertainment only and should not be considered professional investment, legal, or tax advice. Dr Elisa Chiang is not a certified financial planner, attorney, or accountant.  The views expressed are the personal opinion of Elisa Chiang and her guests and should not be taken as advice specific to you, the listener of the podcast. Personal finance is personal and your personal financial decision need to be made based on your personal financial situation and risk tolerance after having completed your own due diligence.   

This episode discusses the adjustment in tax brackets and changes in contribution limits for tax advantaged accounts for 2025. Marginal Tax Rates for 2025 37% for single taxpayers with incomes over $626,350 and $751,600 for married couples filing jointly35% for incomes over $250,525 and $501,050 for married couples filing jointly32% for incomes over $197,300 and $394,600 for married couples filing jointly24% for incomes over $103,350 and $206,700 for married couples filing jointly22% for incomes over $48,475 and $96,950 for married couples filing jointly12% for incomes over $11,925 and $23,850 for married couples filing jointly10% for incomes $11,925 or less and $23,850 or less for married couples filing jointlyThe standard deduction for 2025 is $15,000 for single filers and $30,000 for married couples filing jointly.  Social security tax now applies to the first $176,100 of income, up from $168,600 in 2024. This means paying an extra $465 in 2025 to social security taxes for salaries above $176,100. 2025 Contribution limits401(k) 403(b) and 457 employee contribution limitsUnder age 50 $23,500Age 50-59, age 64 and older $23,500 + $7,500 catch up for total $31,000Age 60-63 - $23,500 + $11,250 catch-up for total $34,750401(k) and 403(b) Employer contribution limits - $46,500 or 25% of employees salary, whichever is lower, contrubtions are salary capped at $350,000 IRA/Roth IRA Age

In Episode 131: Escaping the Hedonic Treadmill, we learned that hedonic adaptation is the tendency to return to a relatively stable level of happiness. People tend to have a baseline or set point level of happiness (or unhappiness) that hey return to. There are ways to adjust that baseline.  In the book, The How of Happiness, Dr. Sonja Lynbomirsky outlines 12 activities to increase overall happiness by shifting one's baseline. For 2025, each month will have an episode that talks about activities that can help increase happiness by adjusting that baseline upwards.This month's episode is about expressing gratitude. Tune in to learn about activities that research has shown to increase happiness. Please subscribe and leave a review on your favorite Podcasting platform.  If you want to start your path to financial freedom, start with the Financial Freedom Workbook. Download your free copy today at https://www.GrowYourWealthyMindset.com/fiworkbook You can learn more about Elisa at her website or follow her on social media.Website: https://ww.GrowYourWealthyMindset.comInstagram https://www.instagram.com/GrowYourWealthyMindsetFacebook https://www.facebook.com/ElisaChianghttps://www.facebook.com/GrowYourWealthyMindsetYouTube: https://www.youtube.com/c/WealthyMindsetMDLinked In: www.linkedin.com/in/ElisaChiang  Disclaimer: The content provided in the Grow Your Wealthy Mindset Podcast is for informational and entertainment only and should not be considered professional investment, legal, or tax advice. Dr Elisa Chiang is not a certified financial planner, attorney, or accountant.  The views expressed are the personal opinion of Elisa Chiang and her guests and should not be taken as advice specific to you, the listener of the podcast. Personal finance is personal and your personal financial decision need to be made based on your personal financial situation and risk tolerance after having completed your own due diligence.  

Flexible Spending and Heath Care Savings Accounts are both ways to pay for your medical expenses with pre-tax money. Anytime you can use pretax money to pay for anything, you are getting generally getting a 22% discount or more depending on your tax bracket. Flexible Spending Accounts (FSA) are benefits that may be provided by your Employer. Not all Employers will provide this benefit and with some employers, you may pay a fee to have this benefit. Money is taking out of your paycheck throughout the year which can be used to directly pay for or reimburse qualified medical expenses. The money is use it or lose it so you want to consider your healthcare expenses carefully before decided how much money to set aside in these accounts. Healthcare Savings Accounts (HSA) are available to anyone with a qualified High Deductible Healthcare Insurance Plan. This is not a benefit from your employer, but will often be set up with your employer if you are using a healthcare insurance plan they offer you as a benefit. You contribute pretax money into the account where you can invest it to grow tax free. If you use that money anytime in the future for qualified healthcare expenses, it comes out tax free as well. You can reimburse yourself for qualified medical expenses years after you incurred the expense, as long as the expense was incurred after the account was created. There is no other tax advantaged account where money goes in pre-tax, grows tax free, and can be withdrawn without paying taxes as well. Tune in to this week's podcast to learn more about the details of these two types of accounts.Please subscribe and leave a review on your favorite Podcasting platform.  If you want to start your path to financial freedom, start with the Financial Freedom Workbook. Download your free copy today at https://www.GrowYourWealthyMindset.com/fiworkbook You can learn more about Elisa at her website or follow her on social media.Website: https://ww.GrowYourWealthyMindset.comInstagram https://www.instagram.com/GrowYourWealthyMindsetFacebook https://www.facebook.com/ElisaChianghttps://www.facebook.com/GrowYourWealthyMindsetYouTube: https://www.youtube.com/c/WealthyMindsetMDLinked In: www.linkedin.com/in/ElisaChiang  Disclaimer: The content provided in the Grow Your Wealthy Mindset Podcast is for informational and entertainment only and should not be considered professional investment, legal, or tax advice. Dr Elisa Chiang is not a certified financial planner, attorney, or accountant.  The views expressed are the personal opinion of Elisa Chiang and her guests and should not be taken as advice specific to you, the listener of the podcast. Personal finance is personal and your personal financial decision need to be made based on your personal financial situation and risk tolerance after having completed your own due diligence.  

The roots of making New Year Resolutions can be traced to Ancient Babylonia and well as Roman traditions. It's still something many people do today. However, many people who make New Year Resolutions don't end up keeping them. In this episode, I talk about goal setting an what can help you to accomplish those goals.  I am also happy to announce that for the new year, I will be taking a limited number of clients for a year of unlimited coaching sessions for the bargain price of $8,000. We can coach on any and all aspects of your life so that 2025 is a year of transformation. Imagine how much change you could make in a year. I've had prior clients who either saved more than the cost of coaching or brought in far more money through coaching then they paid for the coaching. Consider this as an investment that could pay huge dividends if you are willing to do the work. If you want to jump forward on your goals, set up a zoom meeting at https://www.GrowYourWealthyMindset.com. Please subscribe and leave a review on your favorite Podcasting platform.  If you want to start your path to financial freedom, start with the Financial Freedom Workbook. Download your free copy today at https://www.GrowYourWealthyMindset.com/fiworkbook You can learn more about Elisa at her website or follow her on social media.Website: https://ww.GrowYourWealthyMindset.comInstagram https://www.instagram.com/GrowYourWealthyMindsetFacebook https://www.facebook.com/ElisaChianghttps://www.facebook.com/GrowYourWealthyMindsetYouTube: https://www.youtube.com/c/WealthyMindsetMDLinked In: www.linkedin.com/in/ElisaChiang  Disclaimer: The content provided in the Grow Your Wealthy Mindset Podcast is for informational and entertainment only and should not be considered professional investment, legal, or tax advice. Dr Elisa Chiang is not a certified financial planner, attorney, or accountant.  The views expressed are the personal opinion of Elisa Chiang and her guests and should not be taken as advice specific to you, the listener of the podcast. Personal finance is personal and your personal financial decision need to be made based on your personal financial situation and risk tolerance after having completed your own due diligence.  

Some of us are spenders while some of us are savers. Personally, I'm a saver. I like to always have a money cushion. The idea of living paycheck to paycheck freaks me out. I like to get good value and prefer to buy any big-ticket items on sale. That being said, I do like nice things and spend a lot on experiences/travel. It can be hard for me to buy something nicer than what I already have which still works or does the job. If you're like me, then this week's episode is for you. Please subscribe and leave a review on your favorite Podcasting platform.  If you want to start your path to financial freedom, start with the Financial Freedom Workbook. Download your free copy today at https://www.GrowYourWealthyMindset.com/fiworkbook You can learn more about Elisa at her website or follow her on social media.Website: https://ww.GrowYourWealthyMindset.comInstagram https://www.instagram.com/GrowYourWealthyMindsetFacebook https://www.facebook.com/ElisaChianghttps://www.facebook.com/GrowYourWealthyMindsetYouTube: https://www.youtube.com/c/WealthyMindsetMDLinked In: www.linkedin.com/in/ElisaChiang  Disclaimer: The content provided in the Grow Your Wealthy Mindset Podcast is for informational and entertainment only and should not be considered professional investment, legal, or tax advice. Dr Elisa Chiang is not a certified financial planner, attorney, or accountant.  The views expressed are the personal opinion of Elisa Chiang and her guests and should not be taken as advice specific to you, the listener of the podcast. Personal finance is personal and your personal financial decision need to be made based on your personal financial situation and risk tolerance after having completed your own due diligence.  

Amy Vertrees, MD is a board-certified general surgeon, Army veteran, certified coach, author and founder of the BOSS Business of Surgery Series. She served 17 years in the Army, reaching the rank of lieutenant colonel, and deploying 3 times to Afghanistan and Iraq as a general surgeon. After leaving the military, she was an employed surgeon then created Columbia Surgical Partners, a private practice general surgery group. She discovered there were lessons that she was never taught in residency that were necessary for a successful surgical career. She created the BOSS Business of Surgery Series to fill in that gap and has used everything that she has learned to become a successful private practice general surgeon. The BOSS series includes a highly rated podcast, group coaching and 1:1 coaching and the book “Become the BOSS MD: Success Beyond Residency.” In this episode, Dr. Amy and I talk about the fluctuations in income that occur with being a business owner and the mental drama it can create. As an employed physician, she was used to a regular paycheck. Her goal with her private practice was to be profitable from day 1. Tune in to learn more how she made this goal a reality but how she had to learn to manage the fluctuations in income. You can contact Dr. Amy Vertrees at Website: https://www.bosssurgery.com/Facebook: “Become the BOSS MD Coaching”https://www.facebook.com/groups/249619353796932Instagram https://www.instagram.com/become_the_bossmd/LinkedIn: https://www.linkedin.com/in/amy-vertrees-md-20192a8b/  Please subscribe and leave a review on your favorite Podcasting platform.  If you want to start your path to financial freedom, start with the Financial Freedom Workbook. Download your free copy today at https://www.GrowYourWealthyMindset.com/fiworkbook You can learn more about Elisa at her website or follow her on social media.Website: https://ww.GrowYourWealthyMindset.comInstagram https://www.instagram.com/GrowYourWealthyMindsetFacebook https://www.facebook.com/ElisaChianghttps://www.facebook.com/GrowYourWealthyMindsetYouTube: https://www.youtube.com/c/WealthyMindsetMDLinked In: www.linkedin.com/in/ElisaChiang  Disclaimer: The content provided in the Grow Your Wealthy Mindset Podcast is for informational and entertainment only and should not be considered professional investment, legal, or tax advice. Dr Elisa Chiang is not a certified financial planner, attorney, or accountant.  The views expressed are the personal opinion of Elisa Chiang and her guests and should not be taken as advice specific to you, the listener of the podcast. Personal finance is personal and your personal financial decision need to be made based on your personal financial situation and risk tolerance after having completed your own due diligence.  

Most physicians will change where they work at least once during their career. Some estimates are as high as 70% of physicians leaving their first job within 2 years. If you have been at a job for a while, hopefully you have an employer sponsored retirement account like a 401(K) or 403(b). Your may also have a 457 plan. This episode discusses the options for what to do with these accounts when you leave your job.  Please subscribe and leave a review on your favorite Podcasting platform.  If you want to start your path to financial freedom, start with the Financial Freedom Workbook. Download your free copy today at https://www.GrowYourWealthyMindset.com/fiworkbook You can learn more about Elisa at her website or follow her on social media.Website: https://ww.GrowYourWealthyMindset.comInstagram https://www.instagram.com/GrowYourWealthyMindsetFacebook https://www.facebook.com/ElisaChianghttps://www.facebook.com/GrowYourWealthyMindsetYouTube: https://www.youtube.com/c/WealthyMindsetMDLinked In: www.linkedin.com/in/ElisaChiang  Disclaimer: The content provided in the Grow Your Wealthy Mindset Podcast is for informational and entertainment only and should not be considered professional investment, legal, or tax advice. Dr Elisa Chiang is not a certified financial planner, attorney, or accountant.  The views expressed are the personal opinion of Elisa Chiang and her guests and should not be taken as advice specific to you, the listener of the podcast. Personal finance is personal and your personal financial decision need to be made based on your personal financial situation and risk tolerance after having completed your own due diligence.  

 While filing taxes may still feel like a long time away, December is the time to strategize what you can do before the end of the year to decrease your tax burden. In this episode, I review actions you may want to consider to decrease your tax bill.  Maxing out your employee contributions to your employer sponsored retirement accounts, your 401K or 403BDonate to 501(c)(3) charities if you itemize your tax deductionsPutting your family to work in your business if you have a profitable business. This could be your private practice or a side-businessMaximize any business tax deductions including purchasing needed equipment that qualifies for bonus depreciation or pre-paying business expenses like rent and utilities for the following monthDepending on your situation, prepay state and local income taxes. I am not an accountant or CPA so please review any of these strategies with your CPA to make sure you are following to rules to maximize your tax deductions. Please subscribe and leave a review on your favorite Podcasting platform.  If you want to start your path to financial freedom, start with the Financial Freedom Workbook. Download your free copy today at https://www.GrowYourWealthyMindset.com/fiworkbook You can learn more about Elisa at her website or follow her on social media.Website: https://ww.GrowYourWealthyMindset.comInstagram https://www.instagram.com/GrowYourWealthyMindsetFacebook https://www.facebook.com/ElisaChianghttps://www.facebook.com/GrowYourWealthyMindsetYouTube: https://www.youtube.com/c/WealthyMindsetMDLinked In: www.linkedin.com/in/ElisaChiang  Disclaimer: The content provided in the Grow Your Wealthy Mindset Podcast is for informational and entertainment only and should not be considered professional investment, legal, or tax advice. Dr Elisa Chiang is not a certified financial planner, attorney, or accountant.  The views expressed are the personal opinion of Elisa Chiang and her guests and should not be taken as advice specific to you, the listener of the podcast. Personal finance is personal and your personal financial decision need to be made based on your personal financial situation and risk tolerance after having completed your own due diligence.   

Hedonic adaptation is the tendency to return to a relatively stable level of happiness. Good things happen and we may be happy but over time, we return to our baseline of happiness. Bad things happen and we may be upset, sad, or angry but over time, we return to our baseline of happiness. If that's the case, are we stuck where we are? In this episode, I talk about Hedonic Treadmill, it's similarities and differences from habituation, and some things we can do to actually shift out baseline level of happiness.   Please subscribe and leave a review on your favorite Podcasting platform.  If you want to start your path to financial freedom, start with the Financial Freedom Workbook. Download your free copy today at https://www.GrowYourWealthyMindset.com/fiworkbook You can learn more about Elisa at her website or follow her on social media.Website: https://ww.GrowYourWealthyMindset.comInstagram https://www.instagram.com/GrowYourWealthyMindsetFacebook https://www.facebook.com/ElisaChianghttps://www.facebook.com/GrowYourWealthyMindsetYouTube: https://www.youtube.com/c/WealthyMindsetMDLinked In: www.linkedin.com/in/ElisaChiang  Disclaimer: The content provided in the Grow Your Wealthy Mindset Podcast is for informational and entertainment only and should not be considered professional investment, legal, or tax advice. Dr Elisa Chiang is not a certified financial planner, attorney, or accountant.  The views expressed are the personal opinion of Elisa Chiang and her guests and should not be taken as advice specific to you, the listener of the podcast. Personal finance is personal and your personal financial decision need to be made based on your personal financial situation and risk tolerance after having completed your own due diligence.   

Many people have a hard time saying no and this can affect multiple areas of life related to and not related to money. In this episode, I talk about reasons we may not be saying no as often as we should and how to get more comfortable saying no. Please subscribe and leave a review on your favorite Podcasting platform. If you want to start your path to financial freedom, start with the Financial Freedom Workbook. Download your free copy today at https://www.GrowYourWealthyMindset.com/fiworkbook You can learn more about Elisa at her website or follow her on social media.Website: https://ww.GrowYourWealthyMindset.comInstagram https://www.instagram.com/GrowYourWealthyMindsetFacebook https://www.facebook.com/ElisaChianghttps://www.facebook.com/GrowYourWealthyMindsetYouTube: https://www.youtube.com/c/WealthyMindsetMDLinked In: www.linkedin.com/in/ElisaChiang  Disclaimer: The content provided in the Grow Your Wealthy Mindset Podcast is for informational and entertainment only and should not be considered professional investment, legal, or tax advice. Dr Elisa Chiang is not a certified financial planner, attorney, or accountant.  The views expressed are the personal opinion of Elisa Chiang and her guests and should not be taken as advice specific to you, the listener of the podcast. Personal finance is personal and your personal financial decision need to be made based on your personal financial situation and risk tolerance after having completed your own due diligence.   

Many people are interested in investing in real estate but don't want the hassle or headaches of being a landlord. This week's episode talks about how accredited investors can invest passively in real estate syndications or real estate funds. It explains what a real estate syndication represents and compares investing in individual real estate syndications to real estate funds.Please subscribe and leave a review on your favorite Podcasting platform.  If you want to start your path to financial freedom, start with the Financial Freedom Workbook. Download your free copy today at https://www.GrowYourWealthyMindset.com/fiworkbook You can learn more about Elisa at her website or follow her on social media.Website: https://ww.GrowYourWealthyMindset.comInstagram https://www.instagram.com/GrowYourWealthyMindsetFacebook https://www.facebook.com/ElisaChianghttps://www.facebook.com/GrowYourWealthyMindsetYouTube: https://www.youtube.com/c/WealthyMindsetMDLinked In: www.linkedin.com/in/ElisaChiang  Disclaimer: The content provided in the Grow Your Wealthy Mindset Podcast is for informational and entertainment only and should not be considered professional investment, legal, or tax advice. Dr Elisa Chiang is not a certified financial planner, attorney, or accountant.  The views expressed are the personal opinion of Elisa Chiang and her guests and should not be taken as advice specific to you, the listener of the podcast. Personal finance is personal and your personal financial decision need to be made based on your personal financial situation and risk tolerance after having completed your own due diligence.    If you are interested in learning more about how to evaluate a real estate syndication, The Hands-Off Investor by Brian Burke is a great place to start.   

I know everyone does love learning about finances and investing. Some people just want to know what they should invest in. In this episode, I talk about mutual funds that are one stop shopping where a single fun could meet your investment goal as well as putting together a diversified portfolio with three or four different funds.  Recommended funds to build your portfolio as mentioned in the podcast include:VanguardVanguard Total Stock Market Index Fund (VTSAX) Exp ratio 0.04%Vanguard Total International Stock Index Fund (VTIAX) Exp ratio 0.12%Vanguard Total Bond Market Fund (VBTLX) Exp ratio 0.05%Vanguard Total International Bond Index Fund (VTABX) Exp ratio 0.11% FidelityFidelity ZERO Total Market Index Fund (FZROX) (Exp ratio 0%, not open to new investors) or Fidelity Total Market Index Fund (FSKAX) Exp ratio 0.015%Fidelity ZERO International Index Fund (FZILX) (Exp ratio 0%, not open to new investors) or Fidelity Total International Index Fund (FTIHX) Exp ratio 0.06%Fidelity U.S. Bond Index Fund (FXNAX) Exp ratio 0.025% Charles Schwab Schwab Total Stock Market Index (SWTSX) Exp ratio 0.03%Schwab International Index (SWISX) Exp ratio 0.06%Schwab U.S. Aggregate Bond Index Fund (SWAGX) Exp ratio 0.04% T Rowe Price *Total Equity Market Index Fund (POMIX) Exp ratio 0.19%International Equity Index Fund (PIEQX) Exp ratio 0.26%US Bond Enhanced Index Fund (PBDIX) Gross Exp ratio 0.28% Northern Funds* Stock Index (NOSIX)International Index (NOINX)Bond Index (NOBOX) Dreyfus Funds*S&P 500 Basic Index (DSPIX)International Index (DIPSX)Bond Index Basic (DBIRX) *Funds suggested by the Bogleheads Wikki  Please subscribe and leave a review on your favorite Podcasting platform.  If you want to start your path to financial freedom, start with the Financial Freedom Workbook. Download your free copy today at https://www.GrowYourWealthyMindset.com/fiworkbook You can learn more about Elisa at her website or follow her on social media.Website: https://ww.GrowYourWealthyMindset.comInstagram https://www.instagram.com/GrowYourWealthyMindsetFacebook https://www.facebook.com/ElisaChianghttps://www.facebook.com/GrowYourWealthyMindsetYouTube: https://www.youtube.com/c/WealthyMindsetMDLinked In: www.linkedin.com/in/ElisaChiang  Disclaimer: The content provided in the Grow Your Wealthy Mindset Podcast is for informational and entertainment only and should not be considered professional investment, legal, or tax advice. Dr Elisa Chiang is not a certified financial planner, attorney, or accountant.  The views expressed are the personal opinion of Elisa Chiang and her guests and should not be taken as advice specific to you, the listener of the podcast. Personal finance is personal and your personal financial decision need to be made based on your personal financial situation and risk tolerance after having completed your own due diligence.    

When it comes to planning our spending, we often what we need, what we want, and what we can afford. Sometimes, we conflate things we want as things we need but when we step back, we realize a lot of things we feel we need are really things we want. Then there are things we want that we may say we can't afford. Paula Pant is known for saying “You can afford anything, but not everything.” As physicians, that rings true. Where are you choosing to spend your money and do you like those decisions?   Please subscribe and leave a review on your favorite Podcasting platform.  If you want to start your path to financial freedom, start with the Financial Freedom Workbook. Download your free copy today at https://www.GrowYourWealthyMindset.com/fiworkbook You can learn more about Elisa at her website or follow her on social media.Website: https://ww.GrowYourWealthyMindset.comInstagram https://www.instagram.com/GrowYourWealthyMindsetFacebook https://www.facebook.com/ElisaChianghttps://www.facebook.com/GrowYourWealthyMindsetYouTube: https://www.youtube.com/c/WealthyMindsetMDLinked In: www.linkedin.com/in/ElisaChiang  Disclaimer: The content provided in the Grow Your Wealthy Mindset Podcast is for informational and entertainment only and should not be considered professional investment, legal, or tax advice. Dr Elisa Chiang is not a certified financial planner, attorney, or accountant.  The views expressed are the personal opinion of Elisa Chiang and her guests and should not be taken as advice specific to you, the listener of the podcast. Personal finance is personal and your personal financial decision need to be made based on your personal financial situation and risk tolerance after having completed your own due diligence.    

I have often thought of the 403b as being the non-profit version of the 401K but through recent events, I've learned some differences that may affect those working at non-profits. This may be especially true if your spouse is a teacher or works for a school system. I found https://403bwise.org/ to be a helpful website. They rate different 403b providers at https://403bwise.org/advocacy/rating_systemThis podcast is also a story of how it can be frustrating to navigating getting your financial house in order but hopefully show you that anyone, even someone who enjoys managing her finances, can end up having a painful time doing something that seems like it should be simple.  Please subscribe and leave a review on your favorite Podcasting platform. If you want to start your path to financial freedom, start with the Financial Freedom Workbook. Download your free copy today at https://www.GrowYourWealthyMindset.com/fiworkbook You can learn more about Elisa at her website or follow her on social media.Website: https://ww.GrowYourWealthyMindset.comInstagram https://www.instagram.com/GrowYourWealthyMindsetFacebook https://www.facebook.com/ElisaChianghttps://www.facebook.com/GrowYourWealthyMindsetYouTube: https://www.youtube.com/c/WealthyMindsetMDLinked In: www.linkedin.com/in/ElisaChiang  Disclaimer: The content provided in the Grow Your Wealthy Mindset Podcast is for informational and entertainment only and should not be considered professional investment, legal, or tax advice. Dr Elisa Chiang is not a certified financial planner, attorney, or accountant.  The views expressed are the personal opinion of Elisa Chiang and her guests and should not be taken as advice specific to you, the listener of the podcast. Personal finance is personal and your personal financial decision need to be made based on your personal financial situation and risk tolerance after having completed your own due diligence.   

In 2022, women in the United States earn 82 cents for every dollar men earn. This has been called the Gener Wage Gap or the Gender Pay Gap. This gap appears to be potentially higher for women physicians, and persists even after controlling for age, experience, specialty and other factors. Over a simulated 40 year career, women physician are estimated to earn $2 million less than male physicians. Women are also more likely to decrease work or give up work in order to take care of children. This puts women at a disadvantage for building wealth compared to men. This episode explores the evidence behind the gender pay gap and talks about things you can start doing now to close the gap for yourself.  ReferencesUS Census Bureauhttps://www.gao.gov/products/gao-23-106041 US Census Bureau Diversity in Medicine: Facts and Figures 2019 Figure 12. Percentage of U.S. medical school graduates by sex, academic years 1980-1981 through 2018-2019https://www.aamc.org/data-reports/workforce/data/figure-12-percentage-us-medical-school-graduates-sex-academic-years-1980-1981-through-2018-2019 Jena AB, Olenski AR, Blumenthal DM.  Sex Differences in Physician Salary in US Public Medical Schools. JAMA Intern Med. 2016 Sep 1;176(9):1294-304 Miller H, Seckel E, White CL, Sanchez D, Rubesova E, Mueller C, Bianco K. Gender-based salary differences in academic medicine: a retrospective review of data from six public medical centers in the Western USA BMJ Open. 2022 Apr 7;12(4): Whaley CM, Koo T,  Arora VM, Ganguli I, Gross N, and  Jena AB. Female Physicians Earn An Estimated $2 Million Less Than Male Physicians Over A Simulated 40-Year Career. 2021 Dec;40(12):1856-1864. Harvard Business Review Why Women Volunteer for Tasks that Don't Lead to Promotionshttps://hbr.org/2018/07/why-women-volunteer-for-tasks-that-dont-lead-to-promotions  Please subscribe and leave a review on your favorite Podcasting platform.  If you want to start your path to financial freedom, start with the Financial Freedom Workbook. Download your free copy today at https://www.GrowYourWealthyMindset.com/fiworkbook You can learn more about Elisa at her website or follow her on social media.Website: https://ww.GrowYourWealthyMindset.comInstagram https://www.instagram.com/GrowYourWealthyMindsetFacebook https://www.facebook.com/ElisaChianghttps://www.facebook.com/GrowYourWealthyMindsetYouTube: https://www.youtube.com/c/WealthyMindsetMDLinked In: www.linkedin.com/in/ElisaChiang  Disclaimer: The content provided in the Grow Your Wealthy Mindset Podcast is for informational and entertainment only and should not be considered professional investment, legal, or tax advice. Dr Elisa Chiang is not a certified financial planner, attorney, or accountant.  The views expressed are the personal opinion of Elisa Chiang and her guests and should not be taken as advice specific to you, the listener of the podcast. Personal finance is personal and your personal financial decision need to be made based on your personal financial situation and risk tolerance after having completed your own due diligence.    

This week's episode comes from a talk I gave at the Women in Ophthalmology Conference. I was given the choice to speak on any financial topic as part of a financial wellness panel but with a very limited time of 8 minutes. I thought really hard about what would be the most important message I could deliver in 8 minutes and when it came down to it, it's why becoming financially literate is so important. This week's episode is an expanded version of that 8 minute talk. Enjoy!  If you are affiliated with any medical training program, I'm happy to do a free zoom talk for your residency or fellowship program that goes over the basics of personal finance and investing. Please reach out to me! Please subscribe and leave a review on your favorite Podcasting platform.  If you want to start your path to financial freedom, start with the Financial Freedom Workbook. Download your free copy today at https://www.GrowYourWealthyMindset.com/fiworkbook You can learn more about Elisa at her website or follow her on social media.Website: https://ww.GrowYourWealthyMindset.comInstagram https://www.instagram.com/GrowYourWealthyMindsetFacebook https://www.facebook.com/ElisaChianghttps://www.facebook.com/GrowYourWealthyMindsetYouTube: https://www.youtube.com/c/WealthyMindsetMDLinked In: www.linkedin.com/in/ElisaChiang  Disclaimer: The content provided in the Grow Your Wealthy Mindset Podcast is for informational and entertainment only and should not be considered professional investment, legal, or tax advice. Dr Elisa Chiang is not a certified financial planner, attorney, or accountant.  The views expressed are the personal opinion of Elisa Chiang and her guests and should not be taken as advice specific to you, the listener of the podcast. Personal finance is personal and your personal financial decision need to be made based on your personal financial situation and risk tolerance after having completed your own due diligence.   

Dr. Nneka Unachukwu is the founder of EntreMD, a company on a mission to help 100,000 physicians build profitable 7 and 7+ figure businesses so they have the freedom to live life and practice medicine on their terms. She does this through the EntreMD Business School, the only school of its kind for physician entrepreneurs, the EntreMD podcast, a top 1% podcast, and her best-selling books. Dr. Una, as she is fondly called has also been featured in Forbes and her company hit #315 on the Inc. 5000 list of fastest-growing privately held companies in America. She is a board-certified pediatrician and resides outside Atlanta with her husband and four children. You can connect with Dr. Una online at:  Website Address: www.entremd.com Facebook: https://www.facebook.com/nneka.chinemeunachukwu Instagram: @drunachukwu LinkedIn: @druna The EntreMD Podcast: www.entremd.com/podcasts  Please subscribe and leave a review on your favorite Podcasting platform.  If you want to start your path to financial freedom, start with the Financial Freedom Workbook. Download your free copy today at https://www.GrowYourWealthyMindset.com/fiworkbook You can learn more about Elisa at her website or follow her on social media.Website: https://ww.GrowYourWealthyMindset.comInstagram https://www.instagram.com/GrowYourWealthyMindsetFacebook https://www.facebook.com/ElisaChianghttps://www.facebook.com/GrowYourWealthyMindsetYouTube: https://www.youtube.com/c/WealthyMindsetMDLinked In: www.linkedin.com/in/ElisaChiang  Disclaimer: The content provided in the Grow Your Wealthy Mindset Podcast is for informational and entertainment only and should not be considered professional investment, legal, or tax advice. Dr Elisa Chiang is not a certified financial planner, attorney, or accountant.  The views expressed are the personal opinion of Elisa Chiang and her guests and should not be taken as advice specific to you, the listener of the podcast. Personal finance is personal and your personal financial decision need to be made based on your personal financial situation and risk tolerance after having completed your own due diligence.   

The 4% rule is probably the most talked about method when it comes to how to plan to withdraw from your retirement portfolio. However, when it comes to actually withdrawing from your retirement portfolio, there are a lot more options, and nuances. If you're not near retirement, why learn about these different methods now? Using different methods can give you a better idea of how large of a stock/bond portfolio you'll need to last the rest of your lifetime and cover your spending in retirement. It can give you more confidence to know that you will have "enough" during retirement. There are also some people who see the 4% rule is outdated, some say it's too conservative and that you can really plan to withdraw more and others that say there is still the possibility of depleting your portfolio with the 4% rule, especially if your retirement may last longer than 30 years.In this episode, learn about withdrawal methods including 1/N, Variable Percentage Withdrawal, Dynamic SWR, Endowment Strategy, Guyton-Klinger Guardrails and the 95% rule. Please subscribe and leave a review on your favorite Podcasting platform.  If you want to start your path to financial freedom, start with the Financial Freedom Workbook. Download your free copy today at https://www.GrowYourWealthyMindset.com/fiworkbook You can learn more about Elisa at her website or follow her on social media.Website: https://ww.GrowYourWealthyMindset.comInstagram https://www.instagram.com/GrowYourWealthyMindsetFacebook https://www.facebook.com/ElisaChianghttps://www.facebook.com/GrowYourWealthyMindsetYouTube: https://www.youtube.com/c/WealthyMindsetMDLinked In: www.linkedin.com/in/ElisaChiang  Disclaimer: The content provided in the Grow Your Wealthy Mindset Podcast is for informational and entertainment only and should not be considered professional investment, legal, or tax advice. Dr Elisa Chiang is not a certified financial planner, attorney, or accountant.  The views expressed are the personal opinion of Elisa Chiang and her guests and should not be taken as advice specific to you, the listener of the podcast. Personal finance is personal and your personal financial decision need to be made based on your personal financial situation and risk tolerance after having completed your own due diligence.  

No one wants their retirement portfolio to run out of money before they die. Many retirement calculators use static assumptions, like a constant growth rate or inflation rate. The stock market may have average returns of around 10% per year but in any given year, it's rarely a 10% return. Some years it can be up 18% and other years down 10% or anywhere in between. If you really want to put your retirement portfolio (or your future retirement portfolio) to the test, there are online tools to help you do that. These tools use Monte Carlo simulations, which is a mathematical technique that predicts possible outcomes of an uncertain event.  In this episode, I specifically discuss:https://thepoorswiss.com/fire-calculator/https://Firecalc.comhttps://ficalc.app/https://www.portfoliovisualizer.com/monte-carlo-simulationTwo additional tools can be found at:https://cfiresim.com/https://engaging-data.com/will-money-last-retire-early/ Please subscribe and leave a review on your favorite Podcasting platform.  If you want to start your path to financial freedom, start with the Financial Freedom Workbook. Download your free copy today at https://www.GrowYourWealthyMindset.com/fiworkbook You can learn more about Elisa at her website or follow her on social media.Website: https://ww.GrowYourWealthyMindset.comInstagram https://www.instagram.com/GrowYourWealthyMindsetFacebook https://www.facebook.com/ElisaChianghttps://www.facebook.com/GrowYourWealthyMindsetYouTube: https://www.youtube.com/c/WealthyMindsetMDLinked In: www.linkedin.com/in/ElisaChiang  Disclaimer: The content provided in the Grow Your Wealthy Mindset Podcast is for informational and entertainment only and should not be considered professional investment, legal, or tax advice. Dr Elisa Chiang is not a certified financial planner, attorney, or accountant.  The views expressed are the personal opinion of Elisa Chiang and her guests and should not be taken as advice specific to you, the listener of the podcast. Personal finance is personal and your personal financial decision need to be made based on your personal financial situation and risk tolerance after having completed your own due diligence.    

The goal of retirement calculators is to help you answer three questions: 1.      How much do I need to save and invest for retirement? 2.      How much money do I need in my retirement portfolio to retire? 3.      How much can I realistically expect to spend once I am retired?  In this episode, I review the following free retirement calculators available online. https://investor.vanguard.com/tools-calculators/retirement-income-calculatorhttps://www.schwab.com/retirement-planning-tools/retirement-calculatorhttps://digital.fidelity.com/stgw/digital/planning/retirement/retirement-income-calculatorhttps://www.nerdwallet.com/calculator/retirement-calculatorhttps://www.bankrate.com/retirement/retirement-plan-calculator/https://www.calculator.net/retirement-calculator.htmlPlease subscribe and leave a review on your favorite Podcasting platform.  If you want to start your path to financial freedom, start with the Financial Freedom Workbook. Download your free copy today at https://www.GrowYourWealthyMindset.com/fiworkbook You can learn more about Elisa at her website or follow her on social media.Website: https://ww.GrowYourWealthyMindset.comInstagram https://www.instagram.com/GrowYourWealthyMindsetFacebook https://www.facebook.com/ElisaChianghttps://www.facebook.com/GrowYourWealthyMindsetYouTube: https://www.youtube.com/c/WealthyMindsetMDLinked In: www.linkedin.com/in/ElisaChiang  Disclaimer: The content provided in the Grow Your Wealthy Mindset Podcast is for informational and entertainment only and should not be considered professional investment, legal, or tax advice. Dr Elisa Chiang is not a certified financial planner, attorney, or accountant.  The views expressed are the personal opinion of Elisa Chiang and her guests and should not be taken as advice specific to you, the listener of the podcast. Personal finance is personal and your personal financial decision need to be made based on your personal financial situation and risk tolerance after having completed your own due diligence.  

You may have heard that your retirement portfolio should be 25 times your spending or your income for you to retire. This is actually derived from The 4% Rule, which is the commonly held belief that you an safely withdrawal 4% from your retirement portfolio invested in stock and bonds and not run out of money before you die. In this episode, I look at the original published research where the 4% rule originated, which has been nicknamed the Trinity Study. I also talk about the paper published by William Bengen, who inspire the authors of the Trinity Study.   The key take home points are:1.      If you withdrawal 4% of your retirement portfolio in your first year of retirement, and then withdraw that amount adjusted for inflation in each subsequent year, then there is a 95% chance your portfolio will last at least 30 years. This assumes a portfolio that is invested at least 50% in an S&P 500 Index fund with the rest invested in long-term high-grade corporate bonds. 2.      Have at least 50% of your stock and bond portfolio invested in stocks. A portfolio of 75% stocks and 25% bonds results in more upside with no significant downside compared to investing 50% stocks and 50% bonds. A portfolio of 100% stocks does have the possibility of significant downsides compared to a 75/25 stock/bond portfolio.  The original papers:Cooley, Phillip L., Carl M. Hubbard, and Daniel T. Walz. (1998). "Retirement Savings: Choosing a Withdrawal Rate That Is Sustainable." AAII Journal, 20(1), 10-14.https://www.aaii.com/journal/199802/feature.pdf Bengen, William P. (1994). "Determining Withdrawal Rates Using Historical Data." Journal of Financial Planning, 7(4), 17-26. Please subscribe and leave a review on your favorite Podcasting platform.  If you want to start your path to financial freedom, start with the Financial Freedom Workbook. Download your free copy today at https://www.GrowYourWealthyMindset.com/fiworkbook You can learn more about Elisa at her website or follow her on social media.Website: https://ww.GrowYourWealthyMindset.comInstagram https://www.instagram.com/GrowYourWealthyMindsetFacebook https://www.facebook.com/ElisaChianghttps://www.facebook.com/GrowYourWealthyMindsetYouTube: https://www.youtube.com/c/WealthyMindsetMDLinked In: www.linkedin.com/in/ElisaChiang  Disclaimer: The content provided in the Grow Your Wealthy Mindset Podcast is for informational and entertainment only and should not be considered professional investment, legal, or tax advice. Dr Elisa Chiang is not a certified financial planner, attorney, or accountant.  The views expressed are the personal opinion of Elisa Chiang and her guests and should not be taken as advice specific to you, the listener of the podcast. Personal finance is personal and your personal financial decision need to be made based on your personal financial situation and risk tolerance after having completed your own due diligence.    

Summer vacation is coming to an end. While physicians don't get summer vacation like students and teacher do, we may think that vacation will come when we retire. While the first few months, or even years, or retirement might feel somewhat like vacation, retirement is not an endless vacation. In this episode, I talk about Ty Bernicke, a Certified Financial Planner, who believes people need less for retirement than what traditional financial planning recommend. He published a paper called “Reality Retirement Planning: A new Paradigm for an Old Science” in 2005 which discusses how people tend to spend less money as they age in everything other than healthcare. When accounting for the decreased spending that occurs later in life, it's possible that such a big nest egg isn't actually needed. Read his article, which can be found free online at https://robberger.com/wp-content/uploads/2024/02/RealityRetirementPlanning.pdf or listen to the podcast episode to learn more.  Please subscribe and leave a review on your favorite Podcasting platform.  If you want to start your path to financial freedom, start with the Financial Freedom Workbook. Download your free copy today at https://www.GrowYourWealthyMindset.com/fiworkbook You can learn more about Elisa at her website or follow her on social media.Website: https://ww.GrowYourWealthyMindset.comInstagram https://www.instagram.com/GrowYourWealthyMindsetFacebook https://www.facebook.com/ElisaChianghttps://www.facebook.com/GrowYourWealthyMindsetYouTube: https://www.youtube.com/c/WealthyMindsetMDLinked In: www.linkedin.com/in/ElisaChiang  Disclaimer: The content provided in the Grow Your Wealthy Mindset Podcast is for informational and entertainment only and should not be considered professional investment, legal, or tax advice. Dr Elisa Chiang is not a certified financial planner, attorney, or accountant.  The views expressed are the personal opinion of Elisa Chiang and her guests and should not be taken as advice specific to you, the listener of the podcast. Personal finance is personal and your personal financial decision need to be made based on your personal financial situation and risk tolerance after having completed your own due diligence.   

This episode is really targeting to those physicians who have recently finished training but will be helpful to anyone who is debating between deciding to pay down debt versus investing. There are multiple factors when it comes to figuring out the best place to put your money. When looking at whether to pay down debt, things to consider include the interest rate, whether or not the debt has the possibility to be forgiven, and if the debt is tax deductible. When it comes to investing, the best first investment for most people is to contribute to an employer sponsored retirement account if there is a match by the employer and that you are likely able to keep that match. In order to keep employer contributions, there is often a vesting period where you have to stay working for the employer for a certain length of time to have contributions match. There are some employers, usually non-profits, where any contributions my fully vest immediately. With other employers, a percentage of employer contributions vest over time or it takes a certain number of years for any contributions to vest. Tune in to learn more to help you make an informed decision. Please subscribe and leave a review on your favorite Podcasting platform. If you want to start your path to financial freedom, start with the Financial Freedom Workbook. Download your free copy today at https://www.GrowYourWealthyMindset.com/fiworkbook You can learn more about Elisa at her website or follow her on social media.Website: https://ww.GrowYourWealthyMindset.comInstagram https://www.instagram.com/GrowYourWealthyMindsetFacebook https://www.facebook.com/ElisaChianghttps://www.facebook.com/GrowYourWealthyMindsetYouTube: https://www.youtube.com/c/WealthyMindsetMDLinked In: www.linkedin.com/in/ElisaChiang  Disclaimer: The content provided in the Grow Your Wealthy Mindset Podcast is for informational and entertainment only and should not be considered professional investment, legal, or tax advice. Dr Elisa Chiang is not a certified financial planner, attorney, or accountant.  The views expressed are the personal opinion of Elisa Chiang and her guests and should not be taken as advice specific to you, the listener of the podcast. Personal finance is personal and your personal financial decision need to be made based on your personal financial situation and risk tolerance after having completed your own due diligence.  

Qualified dividends are taxed at a lower rate, similar to capital gains tax whereas non-qualified dividends are taxed at the ordinary income tax rate. This episode goes into detail what makes a dividend considered qualified to help you make choices to lower how much you ultimately pay in taxes. Please subscribe and leave a review on your favorite Podcasting platform.  If you want to start your path to financial freedom, start with the Financial Freedom Workbook. Download your free copy today at https://www.GrowYourWealthyMindset.com/fiworkbook You can learn more about Elisa at her website or follow her on social media.Website: https://ww.GrowYourWealthyMindset.comInstagram https://www.instagram.com/GrowYourWealthyMindsetFacebook https://www.facebook.com/ElisaChianghttps://www.facebook.com/GrowYourWealthyMindsetYouTube: https://www.youtube.com/c/WealthyMindsetMDLinked In: www.linkedin.com/in/ElisaChiang  Disclaimer: The content provided in the Grow Your Wealthy Mindset Podcast is for informational and entertainment only and should not be considered professional investment, legal, or tax advice. Dr Elisa Chiang is not a certified financial planner, attorney, or accountant.  The views expressed are the personal opinion of Elisa Chiang and her guests and should not be taken as advice specific to you, the listener of the podcast. Personal finance is personal and your personal financial decision need to be made based on your personal financial situation and risk tolerance after having completed your own due diligence.  

Whenever there is money to be made, Uncle Sam wants his cut. Part of building wealth is learning the rules to legally decrease what you pay to Uncle Sam. In this episode, I talk about Capital Gains Tax, which is the tax on any profit from selling an asset. By holding on to an asset for over a year (366 days), the profit from the sale of the asset is subject to a capital gains tax rate that is lower than your marginal tax rate. There are exceptions to what is included in the long-term capital gains tax rate. Tune in to this week's episode to learn more!    Please subscribe and leave a review on your favorite Podcasting platform.  If you want to start your path to financial freedom, start with the Financial Freedom Workbook. Download your free copy today at https://www.GrowYourWealthyMindset.com/fiworkbook You can learn more about Elisa at her website or follow her on social media.Website: https://ww.GrowYourWealthyMindset.comInstagram https://www.instagram.com/GrowYourWealthyMindsetFacebook https://www.facebook.com/ElisaChianghttps://www.facebook.com/GrowYourWealthyMindsetYouTube: https://www.youtube.com/c/WealthyMindsetMDLinked In: www.linkedin.com/in/ElisaChiang  Disclaimer: The content provided in the Grow Your Wealthy Mindset Podcast is for informational and entertainment only and should not be considered professional investment, legal, or tax advice. Dr Elisa Chiang is not a certified financial planner, attorney, or accountant.  The views expressed are the personal opinion of Elisa Chiang and her guests and should not be taken as advice specific to you, the listener of the podcast. Personal finance is personal and your personal financial decision need to be made based on your personal financial situation and risk tolerance after having completed your own due diligence.    

With climate change, there have been more heat waves. This lead me to thinking about our use of air conditioning and the cost associated with it. In this episode, I talk about how much energy and money is saved by setting the thermostat to a warmer temperature in the summer and cooler temperature in the winter. This could be done all the time, or only when no one is home. I go over the cost of air conditioning per hour and measures of efficiency for AC units. Of course, there are other ways to decrease energy used to heat and cool your home other than adjusting the thermostat.  I reference a few websites in this episode, including https://smartenergy.comhttps://www.energy.gov/energysaver/https://www.irs.gov/credits-deductions/energy-efficient-home-improvement-credithttps://www.bls.gov/regions/midwest/data/averageenergyprices_selectedareas_table.htm  Please subscribe and leave a review on your favorite Podcasting platform.  If you want to start your path to financial freedom, start with the Financial Freedom Workbook. Download your free copy today at https://www.GrowYourWealthyMindset.com/fiworkbook You can learn more about Elisa at her website or follow her on social media.Website: https://ww.GrowYourWealthyMindset.comInstagram https://www.instagram.com/GrowYourWealthyMindsetFacebook https://www.facebook.com/ElisaChianghttps://www.facebook.com/GrowYourWealthyMindsetYouTube: https://www.youtube.com/c/WealthyMindsetMDLinked In: www.linkedin.com/in/ElisaChiang  Disclaimer: The content provided in the Grow Your Wealthy Mindset Podcast is for informational and entertainment only and should not be considered professional investment, legal, or tax advice. Dr Elisa Chiang is not a certified financial planner, attorney, or accountant.  The views expressed are the personal opinion of Elisa Chiang and her guests and should not be taken as advice specific to you, the listener of the podcast. Personal finance is personal and your personal financial decision need to be made based on your personal financial situation and risk tolerance after having completed your own due diligence.    

Depending on your job situation, there's a good chance that at some point, you may switch from a guaranteed salary to being paid based on your productivity. The productivity may be based on Revenue Value Units/RVUs or collections. Many people, and probably more so trainees looking at their first position post medical training, focus on the salary offered. If you plan on being at the job for more than 2 years, you'll want to look ahead at what your compensation will be like and how it may change. In this episode, I talk about things to consider whether you've already started your job or are looking at new jobs.  Please subscribe and leave a review on your favorite Podcasting platform.  If you want to start your path to financial freedom, start with the Financial Freedom Workbook. Download your free copy today at https://www.GrowYourWealthyMindset.com/fiworkbook You can learn more about Elisa at her website or follow her on social media.Website: https://ww.GrowYourWealthyMindset.comInstagram https://www.instagram.com/GrowYourWealthyMindsetFacebook https://www.facebook.com/ElisaChianghttps://www.facebook.com/GrowYourWealthyMindsetYouTube: https://www.youtube.com/c/WealthyMindsetMDLinked In: www.linkedin.com/in/ElisaChiang  Disclaimer: The content provided in the Grow Your Wealthy Mindset Podcast is for informational and entertainment only and should not be considered professional investment, legal, or tax advice. Dr Elisa Chiang is not a certified financial planner, attorney, or accountant.  The views expressed are the personal opinion of Elisa Chiang and her guests and should not be taken as advice specific to you, the listener of the podcast. Personal finance is personal and your personal financial decision need to be made based on your personal financial situation and risk tolerance after having completed your own due diligence.   

Many people tend to think of Financial Independence as a static goal, achieving some magical number in net worth or passive income that means you don't have to work for money anymore. However, many people will push the goal post once they achieve their number, feeling like they need more. I see financial independence more as a journey with different stages. In this week's podcast episode, I'll talk about four different levels of financial impendence. Survival FI, Coast FI, Traditional FI and FAT FIRE.Please subscribe and leave a review on your favorite Podcasting platform.  If you want to start your path to financial freedom, start with the Financial Freedom Workbook. Download your free copy today at https://www.GrowYourWealthyMindset.com/fiworkbook You can learn more about Elisa at her website or follow her on social media.Website: https://ww.GrowYourWealthyMindset.comInstagram https://www.instagram.com/GrowYourWealthyMindsetFacebook https://www.facebook.com/ElisaChianghttps://www.facebook.com/GrowYourWealthyMindsetYouTube: https://www.youtube.com/c/WealthyMindsetMDLinked In: www.linkedin.com/in/ElisaChiang  Disclaimer: The content provided in the Grow Your Wealthy Mindset Podcast is for informational and entertainment only and should not be considered professional investment, legal, or tax advice. Dr Elisa Chiang is not a certified financial planner, attorney, or accountant.  The views expressed are the personal opinion of Elisa Chiang and her guests and should not be taken as advice specific to you, the listener of the podcast. Personal finance is personal and your personal financial decision need to be made based on your personal financial situation and risk tolerance after having completed your own due diligence.   

You may have heard that the National Association of Relators was sued by a group of homeowners earlier this year and the outcome of the lawsuit was a settlement included a changes to relator compensation. Traditionally, when you sell a piece of property through a relator, the seller pays both the seller's agent and the buyer's agent anywhere between 4 and 7% of the sale price. The new rules will require buyers' brokers to enter into written agreements with their buyers.  It also prohibits disclosing the compensation for agents on the MLS. Brokers will also no longer be required to subscribe to the MLS. What will this actually mean for you and me when we go to buy or sell property? No one really knows yet but I brought Samantha Chin, a relator and my oldest friend, to speculate about what could happen once these rules go into effect. If you're looking for a real estate agent in the Cleveland area and would like to contact Samantha, her linked in profile is at https://www.linkedin.com/in/samanthachin/ You could also follow the Chin team on Facebook at https://www.facebook.com/ChinTeamHowardHanna/If you want to start your path to financial freedom, start with the Financial Freedom Workbook. Download your free copy today at https://www.GrowYourWealthyMindset.com/fiworkbook You can learn more about Elisa at her website or follow her on social media.Website: https://ww.GrowYourWealthyMindset.comInstagram https://www.instagram.com/GrowYourWealthyMindsetFacebook https://www.facebook.com/ElisaChianghttps://www.facebook.com/GrowYourWealthyMindsetYouTube: https://www.youtube.com/c/WealthyMindsetMDLinked In: www.linkedin.com/in/ElisaChiang  Disclaimer: The content provided in the Grow Your Wealthy Mindset Podcast is for informational and entertainment only and should not be considered professional investment, legal, or tax advice. Dr Elisa Chiang is not a certified financial planner, attorney, or accountant.  The views expressed are the personal opinion of Elisa Chiang and her guests and should not be taken as advice specific to you, the listener of the podcast. Personal finance is personal and your personal financial decision need to be made based on your 

In the quest to build multiple income streams, is doing physician surveys something to consider? In this episode, I discuss my own experience with medical surveys as well as the experience of Dr. Rikki Racela, who wrote a blog article entitled “How I made $30,000 Taking Doctor Surveys” (You can read the blog article for yourself at https://www.whitecoatinvestor.com/how-i-made-30000-taking-doctor-surveys/) As suggested by the blog article, it is possible to make a five figure amount doing medical surveys, but it will depend on a few factors. Tune in to this week's episode to learn more about what's involved with doing medical surveys and what factors make it more likely that you may actually get a decent payout from doing them.  Incrowd Referral Link http://incrwd.me/r/5U2L Webpages for referral links (listed in Alphabetical order) Physician on Fire https://www.physicianonfire.com/medical-surveys/Physician Side Gigs https://www.physiciansidegigs.com/medical-surveysWhite Coat Investor https://www.whitecoatinvestor.com/surveys-for-money-best-companies-for-physician-online-surveys/ Please subscribe and leave a review on your favorite Podcasting platform.  If you want to start your path to financial freedom, start with the Financial Freedom Workbook. Download your free copy today at https://www.GrowYourWealthyMindset.com/fiworkbookYou can learn more about Elisa at her website or follow her on social media.Website: https://ww.GrowYourWealthyMindset.comInstagram https://www.instagram.com/GrowYourWealthyMindsetFacebook https://www.facebook.com/ElisaChianghttps://www.facebook.com/GrowYourWealthyMindsetYouTube: https://www.youtube.com/c/WealthyMindsetMDLinked In: www.linkedin.com/in/ElisaChiang Disclaimer: The content provided in the Grow Your Wealthy Mindset Podcast is for informational and entertainment only and should not be considered professional investment, legal, or tax advice. Dr Elisa Chiang is not a certified financial planner, attorney, or accountant.  The views expressed are the personal opinion of Elisa Chiang and her guests and should not be taken as advice specific to you, the listener of the podcast. Personal finance is personal and your personal financial decision need to be made based on your personal financial situation and risk tolerance after having completed your own due diligence.     

What do you actually know about the Social Security Program and what kind of benefits you may possibly receive from Social Security? If you are like me, not all that much. You may know that you pay taxes to Social Security and may think it's unlikely you'll get much payout or all those taxes that you have paid over your entire working life. I spent some time learning a lot more about social security and this episode is the fruits of that labor. Chances are, social security will provide some benefits during retirement, though it certainly will be far from enough to live on. Please subscribe and leave a review on your favorite Podcasting platform.  If you want to start your path to financial freedom, start with the Financial Freedom Workbook. Download your free copy today at https://www.GrowYourWealthyMindset.com/fiworkbook You can learn more about Elisa at her website or follow her on social media.Website: https://ww.GrowYourWealthyMindset.comInstagram https://www.instagram.com/GrowYourWealthyMindsetFacebook https://www.facebook.com/ElisaChianghttps://www.facebook.com/GrowYourWealthyMindsetYouTube: https://www.youtube.com/c/WealthyMindsetMDLinked In: www.linkedin.com/in/ElisaChiang Disclaimer: The content provided in the Grow Your Wealthy Mindset Podcast is for informational and entertainment only and should not be considered professional investment, legal, or tax advice. Dr Elisa Chiang is not a certified financial planner, attorney, or accountant.  The views expressed are the personal opinion of Elisa Chiang and her guests and should not be taken as advice specific to you, the listener of the podcast. Personal finance is personal and your personal financial decision need to be made based on your personal financial situation and risk tolerance after having completed your own due diligence.  

Employment contracts layout the terms of employment and generally layout the terms for what can cause termination of employment as well as any consequences that result from termination of employment. If you are considering leaving your current job for another job, then you will want to find your current employment contract and review what you previously agreed to. In this episode, I specifically talk about non-competes, how much notice is required when you plan to leave your job, and malpractice tail insurance.  I've helped multiple clients with career transitions and job changes. If you or anyone you know would benefit from working with a coach to help clarify your thoughts and directions regarding a job or career, I'd be happy to help. Sign up for a free consult at www.GrowYourWealthyMindset.com. Please subscribe and leave a review on your favorite Podcasting platform.  If you want to start your path to financial freedom, start with the Financial Freedom Workbook. Download your free copy today at https://www.GrowYourWealthyMindset.com/fiworkbook You can learn more about Elisa at her website or follow her on social media.Website: https://ww.GrowYourWealthyMindset.comInstagram https://www.instagram.com/GrowYourWealthyMindsetFacebook https://www.facebook.com/ElisaChianghttps://www.facebook.com/GrowYourWealthyMindsetYouTube: https://www.youtube.com/c/WealthyMindsetMDLinked In: www.linkedin.com/in/ElisaChiang Disclaimer: The content provided in the Grow Your Wealthy Mindset Podcast is for informational and entertainment only and should not be considered professional investment, legal, or tax advice. Dr Elisa Chiang is not a certified financial planner, attorney, or accountant.  The views expressed are the personal opinion of Elisa Chiang and her guests and should not be taken as advice specific to you, the listener of the podcast. Personal finance is personal and your personal financial decision need to be made based on your personal financial situation and risk tolerance after having completed your own due diligence.  

If you, any of your family members, friends, or patients are taking a very expensive medication for which a coupon card or program is being used for assistance to pay for the medication, you will want to tune in to learn about the Co-Pay Accumulator Policy. Dr. Celine Lee, a rheumatologist practicing in the state of Utah, explains what the Co-Pay Accumulator Policy is and how it can significantly impact the finances of anyone taking an expensive medication.  If you would like to read more about the Co-Pay Accumulator Policy, Dr. Celine mentioned an article that can be found at https://www.crohnscolitisfoundation.org/patientsandcaregivers/managing-the-cost-of-ibd/copay-accumulator-maximizer-programs Some states have banned copay accumulators. As of summer 2023, 19 states have banned copay accumulators: Arizona, Arkansas, Colorado, Connecticut, Delaware, Georgia, Illinois, Kentucky, Louisiana, Maine, New Mexico, New York, North Carolina, Oklahoma, Tennessee, Texas, Virginia, Washington, and West Virginia, as well as Puerto Rico.   If you live in a state that has NOT banned copay accumulators, be an advocate:Contact your congressman Contact your state's insurance departmentCall your insurer to ask questions. Depending on what you learn, you may want to talk to your employer. Your employer might not be aware they signed up for this program or how it negatively affects their employees.Dr. Celine Lee is a Rheumatologist practicing in the state of Utah. She is not an insurance expert in anyway. This podcast episode is for informational and entertainment purposes only. If you would like to find out more about Dr. Celine Lee or are looking for a rheumatologist in Murray, Utah, her website is https://lotusrheumatology.com/Please subscribe and leave a review on your favorite Podcasting platform.  If you want to start your path to financial freedom, start with the Financial Freedom Workbook. Download your free copy today at https://www.GrowYourWealthyMindset.com/fiworkbook You can learn more about Elisa at her website or follow her on social media.Website: https://ww.GrowYourWealthyMindset.comInstagram https://www.instagram.com/GrowYourWealthyMindsetFacebook https://www.facebook.com/ElisaChianghttps://www.facebook.com/GrowYourWealthyMindsetYouTube: https://www.youtube.com/c/WealthyMindsetMDLinked In: www.linkedin.com/in/ElisaChiang Disclaimer: The content provided in the Grow Your Wealthy Mindset Podcast is for informational and entertainment only and should not be considered professional investment, legal, or tax advice. Dr Elisa Chiang is not a certified financial planner, attorney, or accountant.  The views expressed are the personal opinion of Elisa Chiang and her guests and should not be taken as advice specific to you, the listener of he podcast. Personal finance is personal and your personal financial decision need to be made based on your personal financial situation and risk tolerance after having completed your own due diligence.   

Dr. Elisa Chiang continues to talk about her journey from practicing medicine to achieving financial freedom. Visit ⁠Grow Your Wealthy Mindset⁠ for a free consultation with Dr. Elisa.

Dr. Elisa Chiang joins the show to talk about her journey from practicing medicine to achieving financial freedom. Visit Grow Your Wealthy Mindset for a free consultation with Dr. Elisa.

Will you have enough money to retire? What does that even mean? In this pod, our guest physician financial coach, Elisa Chiang, M.D. Ph.D. breaks down Trading time for money and money for timeWorking harder vs creating valueThe FIRE (Financial Independence Retire Early) movement and why it doesn't always mean living by austerity rulesThe risk of relying solely on retirement accounts to fund your post-career lifeHer biggest financial mistakeHow identity influences spending habitsIncorporating real estate into an investment portfolioGuest Bio: Elizabeth ‘Elisa' Chiang, M.D. Ph.D. is a board-certified ophthalmologist and fellowship-trained oculoplastic surgeon who found her way into personal finance and real estate investing during her MSTP program, aspiring for FIRE long before it became mainstream. Battling burnout from her work in a hospital system, she turned to real estate as her avenue to financial independence, complemented by her newfound passion for life coaching. With active involvement in rental properties and passive investments in syndications and real estate funds, Elisa now helps others achieve financial independence while embracing life's journey. Learn more at https://www.growyourwealthymindset.com/Love medicine, but the job itself leaves a lot to be desired?I work with many docs in your shoes. To learn more about 1-on-1 coaching, start here.For full show notes of this episode and all sorts of other goodies, visit our podcast websiteWe discuss:Why a high income does not equate to wealthWorking harder vs creating valueOnce debt is gone, attention to money can dwindle Finding a place to start investing can be overwhelming and lead to inertiaHow to navigate a scarcity mindsetHow identity influences spending habitsMoney can buy time, but there's a catchElisa's biggest financial mistakesHow to decide if a real estate investment is a good (or bad) dealElisa's big-picture financial strategyReal estate investing for positive cash flowIf you only think about maxing out your retirement account, you probably won't retain the same lifestyle when you stop workingBeyond real estate investing, what are other areas for investment to produce cash flow?F.I.R.E Financial Independence Retire Early | Survival, Regular, and Fat FIREHow to figure out how much FIRE money you'll need to stop workingWill my retirement funds actually last? Rate of withdrawal and sequence of returns risk Fat FIRE | Spending more in retirement than you did while workingMentioned in this episode:4 Free Resources specifically designed to address pain points in medical practiceScripting your least favorite conversations The Driveway Debrief My 4 favorite documentation templates The quick and dirty guide to calling consultsFree Resources LinkThe Flameproof Course. Sept 10, 2024Real-time instruction with Rob Orman, MD, and Scott Weingart, MD. Specific tools and strategies for anti-burnout, career longevity, and self-mastery. From a recent Flameproof graduate, "I went from constantly dreading work and thinking of quitting to being able to enjoy shifts on a regular basis."Flameproof Course

Dare to Dream Physician Resources:DM me on FB, IG, or LinkedIn  to learn more about travel hacking with credit card points to get free flights, lodging, and more!Get a bonus with Rakuten AND support the Dare to Dream Physician!https://www.rakuten.com/r/NEODEN2Dare to Dream Physician https://daretodreamphysician.comDreamPhysician on Instagramhttps://www.instagram.com/dreamphysician/LinkedInhttps://www.linkedin.com/in/weili-gray-md/Reference Links:  Ep 24: Change Your Mind Before Changing Your Job with Dr. Elisa Chianghttps://www.buzzsprout.com/1786900/9344465Ep 25: Grow Your Wealthy Mindset with Dr. Elisa Chianghttps://www.buzzsprout.com/1786900/9424363Ep 26: Abundance is Not a Number with Dr. Elisa Chianghttps://www.buzzsprout.com/1786900/9426039Grow Your Wealthy Mindset  Resources:The Grow Your Wealthy Mindsethttps://www.growyourwealthymindset.com/The Grow Your Wealthy Mindset Podcasthttps://podcasts.apple.com/us/podcast/the-grow-your-wealthy-mindset-podcast/id1625701090Elizabeth “Elisa” Chiang on LinkedInhttps://www.linkedin.com/in/elisachiang/Elisa Chiang on Facebookhttps://www.facebook.com/ElisaChianghttps://www.facebook.com/GrowYourWealthyMindsetGrowyourwealthymindset on Instagramhttps://www.instagram.com/growyourwealthymindset/Wealthy Mindset MD on YouTube https://www.youtube.com/c/WealthyMindsetMD*** Are you a physician who would like to discover and live your best life now through travel? ***Join the Dare to Dream Physician Travel Facebook Community! https://www.facebook.com/groups/878895016552178/

Dr. Elizabeth Chiang, otherwise known as Elisa, is an oculoplastic surgeon, life coach and founder of Grow Your Wealthy Mindset. Her mission is to help physicians practice clinical medicine because they want to, not because they have to. She works primarily with physicians to help them achieve financial freedom by taking control of their money.  Elisa also hosts the Grow Your Wealthy Mindset Podcast as a way to help physicians gain the financial knowledge and mindset they need to succeed.Some of the topics we discussed were:Traditional mutual funds vs ETFsTools to track your spending and net worthHow Dr. Chiang uses an Excel spreadsheet to track her spendingWhat a backdoor Roth IRA isCommon financial mistakes to avoid3 helpful tipsAnd more!Learn more about me or schedule a FREE coaching call:https://www.joyfulsuccessliving.com/Join the Voices of Women Physicians Facebook Group:https://www.facebook.com/groups/190596326343825/Connect with Dr. Chiang:Website:www.GrowYourWealthyMindset.comInstagram:https://www.instagram.com/GrowYourWealthyMindsetFacebook:https://www.facebook.com/ElisaChiangYouTube:https://www.youtube.com/c/WealthyMindsetMDLinked In:www.linkedin.com/in/ElisaChiangPodcast: The Grow Your Wealthy Mindset Podcasthttps://www.GrowYourWealthyMindset.

Dr. Elizabeth Chiang, otherwise known as Elisa, is an oculoplastic surgeon, life coach and founder of Grow Your Wealthy Mindset. Her mission is to help physicians practice clinical medicine because they want to, not because they have to. She works primarily with physicians to help them achieve financial freedom by taking control of their money.  Elisa also hosts the Grow Your Wealthy Mindset Podcast as a way to help physicians gain the financial knowledge and mindset they need to succeed.Some of the topics we discussed were:Dr. Chiang's journeyInvesting strategies: index fund investing for stocks/bonds, real estate (active and passive), venture capital, private equity, etc.  Lump sum vs dollar cost averaging investing strategiesChoosing the right asset allocation for youAccredited investorAnd more!Learn more about me or schedule a FREE coaching call:https://www.joyfulsuccessliving.com/Join the Voices of Women Physicians Facebook Group:https://www.facebook.com/groups/190596326343825/Connect with Dr. Chiang:Website: www.GrowYourWealthyMindset.comInstagram: https://www.instagram.com/GrowYourWealthyMindsetFacebook: https://www.facebook.com/ElisaChiangYouTube: https://www.youtube.com/c/WealthyMindsetMDLinked In: www.linkedin.com/in/ElisaChiangPodcast: The Grow Your Wealthy Mindset Podcasthttps://www.GrowYourWealthyMindset.

On this episode, Dr. Lodhi welcomes Dr. Elisa Chiang to discuss everything you need to know about money and intimacy. Find out what it means to have a wealthy mindset as Dr. Chiang shares her expertise and tips on how couples can empower themselves to manage their finances. Dr. Chiang is a physician and life coach based in Peoria, Illinois. You can find out more about Dr. Chiang's work by visiting her website at growyourwealthymindset.com.Disclaimer: Anything discussed on the show should not be taken as official medical advice. If you have any concerns about your health, please speak to your medical provider. If you have any questions about your religion, please ask your friendly neighborhood religious leader. It's the Muslim Sex Podcast because I just happen to be a Muslim woman who talks about sex.To learn more about Dr. Sadaf's practice and to become a patient visit DrSadaf.comLike and subscribe to our YouTube channel where you can watch all episodes of the podcast!Feel free to leave a review on Apple Podcasts and share the show!Follow us on Social Media...Instagram: DrSadafobgynTikTok: DrSadafobgyn

“You can't SAVE yourself to financial independence.” Dr. Elisa ChungHow many times have you heard:“ I am just a poor pediatrician.”“ I am not a surgeon i dont have money to invest.”“ You have to work yourself to death to make money.”“ Medicine is a stable and lucrative job.”“ Being rich is greedy.”“ Too much money is bad.”Everything in life is made up of energy.MONEY is a form of energyEnergy is neither created nor destroyed, it is only transformed.  Personal income → purchase a home Tip at restaurant → waitresses' income Paying taxes → better infrastructure Website: www.GrowYourWealthyMindset.comInstagram https://www.instagram.com/GrowYourWealthyMindsetFacebook https://www.facebook.com/ElisaChianghttps://www.facebook.com/GrowYourWealthyMindsetYouTube: https://www.youtube.com/c/WealthyMindsetMDLinked In: www.linkedin.com/in/elizabeth-chiang-0582a432Podcast: The Grow Your Wealthy Mindset Podcast https://www.GrowYourWealthyMindset.buzzsprout.com

Creating Financial Freedom with Dr. Elisa Chiang Dr. Elisa Chiang, is an oculoplastic surgeon, podcaster and life coach. She helps physicians acheive financial freedom by taking control of their money. She is also passionate about increase financial literacy among physicians. 1. With financial freedom, you can start to have time freedom and geographic freedom. 2. There will be a time where you no longer want to work, or aren't able to work. 3. Learning make your money work for you is the only way you can stop working for money Physicians acheiving financial freedom by taking control of their money Website. https://www.GrowYourWealthyMindset.com Social Media Links:Instagram https://www.instagram.com/GrowYourWealthyMindset Facebook https://www.facebook.com/ElisaChiang https://www.facebook.com/GrowYourWealthyMindset Linked In: www.linkedin.com/in/ElisaChiang -------------- “Dr. Sharon Mclaughlin is board certified plastic surgeon. She is founder of the Female Physician Entrepreneurs Network and Business Program where she empowers women physicians by helping them turn their idea into profitable businesses so that they can have the freedom to live their best life. She is also the founder of Mind Lull, which helps others slow down by providing tools and journals which help small business owners improve their focus and have more fulfillment. Her latest book, Thriving After Burnout, is a compilation of stories from women physicians who share tips and strategies on what helped them during burnout. Thriving After Burnout Thriving After Burnout: A Compilation of Real Stories and Strategies to Reduce Female Physician Burnout For women physicians https://fpestrong.com You can find Dr Mclaughlin's planners here Journal and Business Planner For Entrepreneurs and Small Business Owners: Intention and Gratitude Journal For Entrepreneurs Her website https://sharonmackconsuting,.com You can reach her at sharon@sharonmackconsulting.com #physicianfinance

Creating Financial Freedom with Dr. Elisa Chiang Dr. Elisa Chiang, is an oculoplastic surgeon, podcaster and life coach. She helps physicians acheive financial freedom by taking control of their money. She is also passionate about increase financial literacy among physicians. 1. With financial freedom, you can start to have time freedom and geographic freedom. 2. There will be a time where you no longer want to work, or aren't able to work. 3. Learning make your money work for you is the only way you can stop working for money Physicians acheiving financial freedom by taking control of their money Website. https://www.GrowYourWealthyMindset.com Social Media Links:Instagram https://www.instagram.com/GrowYourWealthyMindset Facebook https://www.facebook.com/ElisaChiang https://www.facebook.com/GrowYourWealthyMindset Linked In: www.linkedin.com/in/ElisaChiang -------------- “Dr. Sharon Mclaughlin is board certified plastic surgeon. She is founder of the Female Physician Entrepreneurs Network and Business Program where she empowers women physicians by helping them turn their idea into profitable businesses so that they can have the freedom to live their best life. She is also the founder of Mind Lull, which helps others slow down by providing tools and journals which help small business owners improve their focus and have more fulfillment. Her latest book, Thriving After Burnout, is a compilation of stories from women physicians who share tips and strategies on what helped them during burnout. Thriving After Burnout Thriving After Burnout: A Compilation of Real Stories and Strategies to Reduce Female Physician Burnout For women physicians https://fpestrong.com You can find Dr Mclaughlin's planners here Journal and Business Planner For Entrepreneurs and Small Business Owners: Intention and Gratitude Journal For Entrepreneurs Her website https://sharonmackconsuting,.com You can reach her at sharon@sharonmackconsulting.com #physicianfinance

The latest BOSS podcast features Dr. Elisa Chiang, oculoplastic surgeon and founder of "Grow your wealthy mindset" podcast and coaching program.In this episode we talked about financial considerations from the start to the finish of our career, because each step of the way has its own challenges.As a resident, we have less income and more potential. Choosing incremental luxuries, protecting yourself with disability insurance, and Roth IRAs are early considerations.Along our career, we make more money, but also have more expenses like houses, investments, and considerations for retirement. Our time is more valuable, and buying your time back becomes more important. She also talked about when to retire.She created a financial independence worksheet found here:https://www.growyourwealthymindset.com/fiworkbookLearning more about your finances is a critical strategy for decreasing burnout.

It's rare to encounter a physician as good in finances as they are in the work world. And for a good reason. Medical jobs have the highest rates of burnout of all professions. Physicians just don't have time to care about investing, retiring early, wealth, etc. But today's guest - Dr. Elisa Chiang - did. And the results speak for themselves. Elisa is a board-certified ophthalmologist and fellowship-trained oculoplastic surgeon who, in her words, "Has worked both in private practice as well as for a bureaucratic hospital system." After experiencing burnout, she decided to go all in investing to achieve early retirement and escape the medical industry. Fast forward to today, she's a wealthy life coach that helps other people like her (physicians just like you) to make better life choices with their finances that serves their needs. The work of people like Elisa gets us excited about the future of personal finance in the physician work world. If you're a medical professional that:     •    Struggles with burnout.     •    Experiences second thoughts about their medical career     •    Are confronted with big decisions like marriage, investments, retirement, moving, etc. You'll find this episode quite helpful! Links: www.WrenneFinancial.com Be sure to let Dr. Jon Jurica know that you came from Financial Residency if opting into his program. We'd love to know who you are. This way we can shout you out!

Send us a Text Message.Welcome to today's episode! We're excited to have Elisa Chiang MD PhD, a oculoplastic surgeon, serial entrepreneur, and investor, on the show today. Elisa is here to talk about the importance of financial literacy and investments for physicians to allow physicians to practice medicine because they want to and not have to, as well as how real estate can help you save money, plan for retirement, and create passive income. Dr. Shah-Haque  and Elisa will also be discussing strategies for investing as a physician. What you'll learn:The Financial Challenges Physicians Face:Investing in Real Estate to Help Achieve Financial GoalsWhy it is Important to go at a pace that is right for you.Why you need to learn the business side of medicine.Episodes referred to in the podcast:Discussion with Dr. Nii Darko, DOConnect with Dr. Chiang MD, PhD:Blog post with LinksConnect with Dr. Sapna Shah-Haque:InstagramFacebookTwitterLinkedInTo listen to more episodes, head to Apple Podcasts!Though I am a physician, this is not medical advice. This is only a tool that physicians can use to get ideas on how to deal with burnout and/or know they are not alone. If you are in need of medical assistance talk to your physician.Learn more about female physicians' journey through burnout to thriving!https://www.theworthyphysician.com/booksLet's connect for speaking opportunities!https://www.theworthyphysician.com/dr-shahhaque-md-as-a-speakerCheck out the free resources from The Worthy Physician:https://www.theworthyphysician.com/freebie-downloadsBattle of the Boxes21 Day Self Focus Journal

It's rare to encounter a physician as good in finances as they are in the work world. And for a good reason. Medical jobs have the highest rates of burnout of all professions. Physicians just don't have time to care about investing, retiring early, wealth, etc. But today's guest - Dr. Elisa Chiang - did. And the results speak for themselves. Elisa is a board-certified ophthalmologist and fellowship-trained oculoplastic surgeon who, in her words, "Has worked both in private practice as well as for a bureaucratic hospital system." After experiencing burnout, she decided to go all in investing to achieve early retirement and escape the medical industry. Fast forward to today, she's a wealthy life coach that helps other people like her (physicians just like you) to make better life choices with their finances that serves their needs. The work of people like Elisa gets us excited about the future of personal finance in the physician work world. If you're a medical professional that: Struggles with burnout. Experiences second thoughts about their medical career Are confronted with big decisions like marriage, investments, retirement, moving, etc. You'll find this episode quite helpful! Enjoy! Links: Grow Your Wealthy Mindset The Grow Your Wealthy Mindset Podcast Contact Finance for Physicians Finance for Physicians

Dr. Elisa Chiang wears many hats. Not only is she an oculoplastic surgeon, but she is also a life and money coach, a speaker, and a podcaster.  Dr. Chiang has held many leadership positions, starting at an early age in middle school. She was awarded the Robert Noland Leadership Award at graduation from Caltech.  In medical school, she was the treasurer of AMSA (American Medical Student Association) and secretary and later vice-president of the Medical Science Training Program Council. Elisa was also chief resident of her residency program.  She is now an Assistant Professor at Case Western Reserve University where she teaches medical students.  She also teaches the residents at the Cleveland Clinic Ophthalmology Residency Program and gives talks on personal finance to residency and fellowship training programs across the United States.   Finally, she is the host of The Grow Your Wealthy Mindset Podcast and the Wealthy Mindset MD YouTube Channel. In this episode, Elisa and I chat about:Her leadership roles Her leadership style Her leadership journey The leaders that helped her rise The challenges she faced on her journey How she navigated those challenges How she thinks you can become a strong and kind leader Her 'take home' leadership messages for the listeners, and What she is currently excited to be working on.Dr. Chiang can be contacted via her website (https://www.growyourwealthymindset.com/) or via LinkedIn (https://www.linkedin.com/in/elisachiang/) and her podcast can be accessed here: https://www.growyourwealthymindset.com/podcast.Please reach out to Dr Harrison for individual coaching and/or organisational training via dr.adam@coachingmentoringdoctors.com.His web address and social media profile links / handles include:www.dradamharrison.comhttps://www.linkedin.com/in/dradamharrison/www.youtube.com/c/DrAdamPhysicianCoachhttps://www.facebook.com/coachingmentoringdoctors/https://www.instagram.com/dradamharrison/https://www.tiktok.com/@physiciancoach

Whether a physician or not, everyone is trying to make enough money to allow financial independence from the daily grind of a full time job. But, we typically find that while we're so involved in the grind, we are slowly burning out which can feel like such a setback from the financial goals and dreams that we've envisioned for ourselves.   Dr. Elisa Chiang found herself in this same situation as an attending physician answering calls on her vacation, heading straight for burnout town. Her dabbling in investments and real estate opened the doors for her to achieve financial independence and shift the way she was working as a physician. With her newfound knowledge of financial literacy, she began to give back to other physicians by offering resources that could help them obtain the same financial freedom that she was experiencing.   Listen in as she shares all of her knowledge surrounding investments in real estate, the different options that are available in that venture, and how it can be a better option than saving for retirement with conventional methods. If you're tired of the daily grind and you're ready to find your way to financial freedom, you won't want to miss this episode.  “Money is a great tool.” Dr. Elisa Chiang In this episode: [01:42] Welcome to the Show, Dr. Chiang! [02:06] Dr. Elisa Chiang's background and what she does. [05:56] Her experience with burnout. [08:15] How she developed a plan to be financially independent within 15 years of being a practicing physician. [09:53] What she does to offer financial literacy to physicians and residents.  [11:10] Adapting personal finances as a physician to ensure appropriate savings. [15:57] The different types of real estate investments and investors. [19:14] Some of the different ways you get paid as a real estate investor and risks associated. [23:24] Real estate funds as passive investments.  [25:10] The Grow Your Wealthy Mindset Podcast. Links and Resources Rich Dad Poor Dad: What the Rich Teach Their Kids About Money That the Poor and Middle Class Do Not! By Robert T. Kiyosaki Connect with Dr. Chiang Wealthy Mindset Life and Money Coaching for Physicians Grow Your Wealth Mindset Podcast Facebook | Instagram | LinkedIn | YouTube 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. Come sit with me in the Badass Collective Slack Group.

We don't often think of money as a health topic, but being savvy with our finances can not only impact our quality of life, but can be really important in case of a medical emergency.  In this episode Dr. Elisa Chiang and I had such a great conversation about Growing a Wealthy Mindset in which we answered the following questions:***************- As an ophthalmologist, how did Dr. Chiang become an expert in money management?- What are the advantages of investing early in life even if you can't invest much?- Why do women wait until later on in life to start thinking about money management / investing?- How does mindset affect performance when it comes to money management?- How can women like us start learning about money management?- How does coaching help advance our understanding of and strategy for investing?- What about credit cards?  How can they be used to improve your finances?- Which type of investing is the easiest to get started?- Is it wise to have a financial advisor? If so, what should we be looking for?- What are Dr. Chiang's money mindset words of wisdom?***************Elisa Chiang is an board certified Ophthalmologist, fellowship trained Oculoplastic surgeon and certified Life Coach. Elisa earned her M.D. and Ph.D. in Neuroscience from Case Western Reserve University. She trained at Northwestern for Ophthalmology and Medical College of Wisconsin for Oculoplastics. She started investing, first in individual stocks as well mutual funds, during medical school and then expanded to real estate during graduate school. Elisa is a certified Life Coach through the Life Coach School. As a Life Coach, Elisa primarily works with health care professionals to work through issues of burnout as well as master their money mindset so they can build wealth and practice medicine on their own terms. She works part time as a physician at Ice Ophthalmology in Painesville, Ohio.***************You can find more from Dr. Chiang at:Websites: www.GrowYourWealthyMindset.comwww.DrEyelid.comhttps://www.youtube.com/c/WealthyMindsetMDFB & IG: @growyourwealthymindset@eyeliddrchiang***************Thanks so much for listening!There's lots more on my website:www.drlexlifestylemedicine.comand....If you love the music, check out:www.therealmichaelvm.com/musicAll my love & gratitude to:my guest: Dr.  Elisa Chiang,my inspiration: my patients,my idea guy: Edward,my intro crew: Izzy, Lance & Lucia,my tech & equipment guy: Pop,my angel: Susie,my music & sound guy: Mike VM,my mascots: Jules & P.S., my creative director: Emily,my love, Michael.

Have you been thinking about whether or not to hire a financial advisor? This episode discusses who should consider hiring a financial advisor, what financial advisors can help with you and how they can provide value, and how to choose a financial advisor if you decide it's right for you. If you're interested in working with Elisa Chiang, head over to her websitehttps://www.GrowYourWealthyMindset.com and sign up for a free consultation meeting. Not ready for that step? Then follow Elisa on social media. Instagram https://www.instagram.com/GrowYourWealthyMindsetFacebook https://www.facebook.com/ElisaChianghttps://www.facebook.com/GrowYourWealthyMindsetYouTube: https://www.youtube.com/c/WealthyMindsetMDLinked In: www.linkedin.com/in/elizabeth-chiang-0582a432

Join us in today's podcast episode where we sit down with Dr. Elisa Chiang and discuss her journey from MD, PhD to board-certified ophthalmologist to real estate investor, and now physician life coach. Dr. Elisa Chiang, MD, PhD, otherwise known as Elisa, is an ophthalmologist, oculoplastic surgeon and life coach. She works primarily with physicians to help them gain confidence around money and investing so that they can build their path to financial freedom while enjoying the journey along the way. She believes financial security enables physicians to practice medicine on their own terms. Visit Dr. Chiang online at GrowYourWealthyMindset.com. To sign up for the premium subscription: https://anchor.fm/christopher-loo/subscribe To find out more about the affiliate partner, Student Loan Advice - https://bit.ly/3CIKSgF Thank you to our sponsors, CityVest: https://bit.ly/37AOgkp

As a physician, managing your finances can be surprisingly easy to do, but more often, finances tend to fall into the 'important but not urgent category. For most of us, this means it's something we don't want to stress over too much, which makes it easy for us to put our heads in the sand and think that it's going to be okay. Financial health is key to achieving goals in your wellness, so it's time to move beyond the self-imposed excuses and create time for your everyday financial responsibilities. Learn how to sit down and look at your income, your expenses, and ways to cut back on things that are not important.  Practice intentionality not just in your clinical practice but also in your finances by spending money based on your values, not blindly. Join the conversation with Dr. Elisa Chiang as she shares financial literacy and money mindset tools that will help you optimize your financial wellness. Dr. Chiang is an Ophthalmologist and fellowship-trained Oculoplastic surgeon and life coach. As a coach, she primarily works with healthcare professionals to help them master their money mindset so that they can build wealth and practice medicine on their own terms. Dr. Chiang offers one-on-one coaching on overcoming burnout, achieving new goals, personal finances, and overcoming blocks towards investing. She also has a new podcast “The Grow Your Wealthy Mindset Podcast”    Tune in for the rest of the conversation!   During this episode, you will learn about; [00:00] Introduction to the show  [02:20] A bit about today's guest, Dr. Elisa Chiang  [03:03] Dr. Chiang's journey through medical training  [04:34] How real estate investment has played out in Dr. Chiang's career [08:55] The knowledge and financial gaps in young attendances coming out of residency [15:55] How Dr. Chiang found coaching and how it got her out of burnout   [17:50] Leaving versus finding your ideal way to practice medicine   [20:20] Changing your mindset to stay efficient and connect with patients [21:45] Pursuing financial wellness and how it pairs with dealing with burnout and self-care   [23:27] Dr. Chiang's advice on why a financial advisor might be unnecessary  [27:31] Practical tips on how to grow in your financial knowledge  [29:39] How to reach out and learn more about Dr. Chiang [30:06] Ending the show and call to action    Notable Quotes   If you're trying to get financial freedom without enjoying the right now, that is not true security. There are things that are urgent and things that are important, but most of us spend time on things that are urgent but not important, and we ignore things that are important but not urgent. No one cares about your money more than you do  Invest in your own financial education   Are you a physician who feels overwhelmed by charting, bringing work home, not to mention the endless paperwork?   Run by pediatrician and life coach, Dr. Ryan Stegink, Charting Mastery™ is a 6 week group coaching program designed to help you move from where you are toward charting mastery (and it might just help your wellness, too!) Sign up for the waitlist here! ➡️ chartingmastery.net   Connect with Us Dr. Ryan Stegink    Website: https://www.medededwell.com Get Coaching with Dr. Stegink: https://www.mededwell.com/coaching LinkedIn: https://www.linkedin.com/in/mededwell Instagram: https://www.linkedin.com/in/mededwell Facebook: https://www.facebook.com/mededwell1 YouTube: https://youtube.com/channel/UC_6svH-LEDhLjqD7bKa2TSQ   Dr. Elisa Chiang    Website:  https://www.GrowYourWealthyMindset.com Instagram: https://www.instagram.com/GrowYourWealthyMindset Facebook Group Women Physicians Creating Wealth: https://www.facebook.com/groups/862065417721814 The Grow Your Wealthy Mindset Podcast” https://podcasts.apple.com/us/podcast/the-grow-your-wealthy-mindset-podcast/id1625701090   *Elisa Chiang would like to amend her statement from the podcast, Warren Buffet actually recommends investing in an S&P low cost index fund, not a total US market Index fund.

Dr. Elisa Chiang started her financial education in 2004 when she bought her first house while still a student. Tune in to hear her story and see how she grew her monthly mindset which led her to be a millionaire within 3 years of finishing her medical training. Sadly, there are many physicians who are have earned a good income but have not built wealth. More and more physicians are becoming burned out as our health care system continues to change. Join the movement of physicians embarking on the journey to take matters in our own hands so we can continue to thrive. Tune in each week to learn more on how to grow your wealthy mindset! Imagine your life when you have the financial knowledge to create wealth so you can practice medicine on your own terms. Please subscribe and leave a review on your favorite Podcasting platform. You can learn more about Elisa at her website or follow her on social media. Website: www.GrowYourWealthyMindset.comInstagram https://www.instagram.com/GrowYourWealthyMindsetFacebook https://www.facebook.com/ElisaChianghttps://www.facebook.com/GrowYourWealthyMindsetYouTube: https://www.youtube.com/c/WealthyMindsetMDLinked In: www.linkedin.com/in/elizabeth-chiang-0582a432

Dr. Elizbeth Chiang, otherwise known as Elisa, is an ophthalmologist, oculoplastic surgeon and life coach. She works primarily with physicians to help them gain confidence around money and investing so that they can build their path to financial freedom while enjoying the journey along the way. She believes financial security enables physicians to practice medicine on their own terms. Website: www.GrowYourWealthyMindset.com Instagram https://www.instagram.com/GrowYourWealthyMindset Facebook https://www.facebook.com/ElisaChiang https://www.facebook.com/GrowYourWealthyMindset YouTube: https://www.youtube.com/c/WealthyMindsetMD Linked In: www.linkedin.com/in/elizabeth-chiang-0582a432 The Grow Your Wealthy Mindset Podcast

Does the financial language seem so complicated? Are you a physician looking to grow your income? This episode is definitely for you! Dr. Elisa Chiang MD, PhD. is a practicing ophthalmologist and oculoplastic surgeon, a certified life coach, and the host of Grow Your Wealth Mindset podcast. She dove into the world of personal finance and investing when she was in the grad school years of the MSTP (combined MD/Ph.D. program) 19 years ago and has flourished since then. Dr. Chiang now helps health care professionals feel confident about managing and investing their money to build wealth that enables them to reach financial freedom.Tune in as she shares tips for overcoming burnout, getting out of the trap of the arrival fallacy, and building your path to financial independence while enjoying the journey to get there. In a nutshell, we chat about:Why physicians need to understand money and the difference that makesSome of the biggest mistakes she has seen the physician community makeWhat investing and wealth looked like for Dr. Chiang when she started 19 years agoHow to become financially literateStrategies to stay away from growing into your income…and so much more!Featured in the Show:Website: https://growyourwealthymindset.com   Instagram: @growyourwealthymindsetYouTube Channel: https://www.youtube.com/c/WealthyMindsetMD Grow Your Wealthy Mindset on Facebook:https://www.facebook.com/GrowYourWealthyMindsetMore from Doctors Changing Medicine:Join the Doctors Changing Medicine Community HEREYouTube Channel

For a free copy of The Medical Marriage Survival Guide: An Instruction Manual For Physicians in Love, visit https://library.medicinemarriageandmoney.com/the-medical-marriage and I will send it to you! If you spent less time arguing with your spouse, what would your life look like? → sign up here https://calendly.com/katemangona/dicovery-call for a free 45-minute discovery call! Let me coach you! I can show you what is possible.   FEATURED ON THIS SHOW Website: www.GrowYourWealthyMindset.com Instagram https://www.instagram.com/GrowYourWealthyMindset Facebook https://www.facebook.com/GrowYourWealthyMindset YouTube: https://www.youtube.com/c/WealthyMindsetMD Linked In: www.linkedin.com/in/elizabeth-chiang-0582a432 Facebook Group Women Physicians Creating Wealth https://www.facebook.com/groups/862065417721814

For a free copy of The Medical Marriage Survival Guide: An Instruction Manual For Physicians in Love, visit https://library.medicinemarriageandmoney.com/the-medical-marriage and I will send it to you! If you spent less time arguing with your spouse, what would your life look like? → sign up here https://calendly.com/katemangona/dicovery-call for a free 45-minute discovery call! Let me coach you! I can show you what is possible.   FEATURED ON THIS SHOW Website: www.GrowYourWealthyMindset.com Instagram https://www.instagram.com/GrowYourWealthyMindset Facebook https://www.facebook.com/GrowYourWealthyMindset YouTube: https://www.youtube.com/c/WealthyMindsetMD Linked In: www.linkedin.com/in/elizabeth-chiang-0582a432 Facebook Group Women Physicians Creating Wealth https://www.facebook.com/groups/862065417721814

Do your beliefs about money hold you back or propel you forward? Today we're discussing stress, burnout, how the pandemic affected our financial security and perceptions while working in medicine/healthcare and what you can do to find and create more happiness no matter what your income is. Join us for this delightfully educational and entertaining conversation with Dr Elisa Chiang, ophthalmologist and money coach and founder of growyourwealthymindset.com The CME experience for this Podcast is powered by CMEfy - click here to reflect and unlock credits & more: https://earnc.me/8yFOWQ Free Guide to Slash your Stress in 5 minutes or less: https://www.thrivearena.com/opt-in GUEST PODCASTER: Dr Elisa Chiang https://www.growyourwealthymindset.com/ Instagram https://www.instagram.com/GrowYourWealthyMindset Facebook https://www.facebook.com/ElisaChiang https://www.facebook.com/GrowYourWealthyMindset YouTube: https://www.youtube.com/c/WealthyMindsetMD Linked In: www.linkedin.com/in/elizabeth-chiang-0582a432

What is your relationship with money?  I know that sounds weird, but money is always a touchy subject, and it's especially so when it comes to doctors. On the one hand, doctors are some of the highest-paid professionals in the country. On the other hand, we also have among the highest levels of student loan debt. And then there's the fact that, as healers, our primary focus is on helping people, not making money.  It's a wonder why the relationship can also be dysfunctional!   Here to help us navigate this is Dr. Elisa Chiang, an ophthalmologist, and physician life and money coach and a member of PhysicianCoaches.com. Elisa primarily works with physicians to master their money mindset so they can build wealth and practice medicine on their own terms. Elisa is here to help if you're someone who needs help overcoming the mind blocks towards investing!   Dr. Elisa Chiang's Website www.GrowYourWealthyMindset.com   Dr. Elisa Chiang's Physician Coaches Profile https://www.physiciancoaches.com/coaching-category/elisa-chiang   ===== PhysicianCoaches.com The #1 Doctor Directory for Physician Coaches, Consultants, and Mentors https://www.PhysicianCoaches.com ————— This Amazon Best Seller is Now on Audible!  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 FREE Masterclass: How to Become a High Paid, In Demand Physician Coach or Consultant  https://www.positionedphysician.com/f/highly-paid-masterclass

In negotiations, I always stress the power of leverage and improving your next best alternative. No alternative beats a large stockpile of money earned through your investments.    Earning a high income isn't the same as being wealthy, so now that we've negotiated an amazing salary, the next move is putting that money to work for us. For the average doctor working full-time and feeling overwhelmed at the thought of starting to invest, what's the first step we can take?    In this episode, ophthalmologist and oculoplastics surgeon, life coach, and money mindset expert, Dr. Elisa Chiang shares how to take a step toward financial independence.  Three Things You'll Learn In This Episode    - The perks of having wealth  Does financial independence make us stronger at the negotiating table?   - The difference between syndication and traditional investing There are different ways to get involved in real estate, both hands-on and more passive. How do we choose the right path for us?    - How wealth-building can keep us in medicine for longer Can financial independence make you a better and less burnt-out physician?   Guest Bio    Elisa Chiang, MD, Ph.D. is an ophthalmologist and oculoplastics surgeon, life coach, money mindset expert and the founder of Grow Your Wealthy Mindset.   For more information, visit https://www.growyourwealthymindset.com and follow @growyourwealthymindset on Instagram.

I had the pleasure to chat with Dr. Elisa Chiang about the benefits of a wealthy mindset and how it relates to our holistic health. You don't wait to miss this episode as the wonderful founder of @growyourwealthymindset  dropped a lot of meaningful nuggets to support your overall wellness.  What you'll learn from this episode:✨The Relationship between Health and Wealth.✨The practical steps to have a healthy relationship with your finances. Stay in Touch with Dr. Elisa Chiangwww.GrowYourWealthyMindset.comIN: @GrowYourWealthyMindsetFB: https://www.facebook.com/GrowYourWealthyMindsetPlease share this episode if you know anyone that would benefit from this information. Helping people is our number one priority. #healthiertogether and #sharingiscaring Cheers to having a Wealthy Mindset!

Health and wealth are more interconnected than might think, especially on the subject of affordable healthcare. In this special edition, I am joined by Dr. Elisa Chiang where we will talk about practical financial strategies that will enable you to thrive in both health and wealth. Dr. Elisa Chiang is a board-certified ophthalmologist and fellowship-trained oculoplastic surgeon. After reaching a state of burnout from the hospital system, she turned to real estate investing which introduced her to coaching and mindset. Alongside working in the property market, she currently helps her patients overcome burnout, get out of the trap of arrival fallacy, and build their path to financial independence. If you're looking for ways to stay healthy on a budget or establish a financial future, make sure not to miss out on this week's episode! Join our weekly newsletter and get a free resource on how to begin your weight loss journey at drshellymd.ck.page/begin   Ways to Connect with Dr. Elisa Chiang: Website: growyourwealthymindset.com  Instagram: @growyourwealthymindset LinkedIn: Elizabeth Chiang YouTube: WealthyMindset

For me, focusing on financial wellness has always been challenging, as I know it is for many!   However,  seeking financial stability, with the ultimate goal of financial freedom, is a key component of a well-balanced and healthy lifestyle.   In this episode, I had an amazing and transparent discussion with Dr. Elisa Chiang about our unique backgrounds when it comes to money and finances, as well as how you can start to build your best financial future.    About Dr. Elisa Chiang:Elizabeth Chiang, MD, PhD is a board-certified ophthalmologist and fellowship trained oculoplastic surgeon, as well as a certified life coach from The Life Coach School.  Her mission is to help physicians create their best life now, by having financial stability and seeking financial independence.  For More from Dr. Chiang:Instagram: https://www.instagram.com/growyourwealthymindsetYou Tube: https://www.youtube.com/channel/UCLZu1YRnbzUT_TlbOMMTlMQFacebook: https://www.facebook.com/Wealthy-Mindset-110067837960578Linked In: https://www.linkedin.com/in/elizabeth-chiang-0582a432/

Money is just a tool, it's not good or bad. Money can't buy you happiness, but lack of money can contribute to unhappiness. What are your beliefs about money? Elisa Chiang is a doctor and a certified coach. She shared some useful tips about money beliefs. Let's dive in! Learn more about Dr. Elisa Chiang and her coaching program at: www.GrowYourWealthyMindset.com,  https://www.youtube.com/c/WealthyMindsetMD, https://www.facebook.com/GrowYourWealthyMindset, https://www.instagram.com/GrowYourWealthyMindset,  www.linkedin.com/in/elizabeth-chiang-0582a432

Highlighting joy with Dr Elisa Chiang. Dr Elisa Chiang's website https://GrowYourWealthyMindset.com Dr Elisa Chiang's Youtube channel https://www.youtube.com/c/WealthyMindsetMD

This is part 3 of a 3 part conversation with Dr. Elisa Chiang, MD, Ph.D., who is a practicing ophthalmologist and oculoplastic surgeon. She is also a Life Coach and founder of Grow Your Wealthy Mindset. Dr. Chiang shares: What is "abundance mindset" and how physicians can cultivate one at any time, regardless of their current net worth.How a simple change in words can empower physicians, instead of “I have to”,  think “I get to.”  Why starting the uncomfortable conversation on money, even for physicians who may feel unequipped to do so, will empower them to take the next step needed to achieve their dream life. What is the FIRE movement and the one thing that is even more important than financial independence for physicians to find.And more about the often taboo topic of money… Dare to Dream Physician Resources:Registration for the White Coat Investor Conference February 9-12, 2022 (In Person in AZ or Virtual):https://cvent.me/ba8V0A?RefId=Weili+Gray(Note: The WCI Conference 2022 Registration link is an affiliate link. The conference fee remains the same for you. However, by using the affiliate link above, you will be able to support the Dare to Dream Physician Podcast. Thank you for your support!)Dare to Dream Physician, Life Planning for Physicians https://daretodreamphysician.comDare to Dream Physician on Facebook https://www.facebook.com/daretodreamphysician/  DreamPhysician on Instagram https://www.instagram.com/dreamphysician/Resources for Dr. Elisa Chiang, MD, Ph.D.:Dr. Elisa Chiang, Grow Your Wealthy Mindset Website: https://www.growyourwealthymindset.com/YouTube Channel: https://www.youtube.com/c/WealthyMindsetMDGrow Your Wealthy Mindset on Facebook:https://www.facebook.com/GrowYourWealthyMindsetGrow Your Wealthy Mindset on Instagram: https://www.instagram.com/GrowYourWealthyMindsetWomen Physicians Creating Wealth Facebook Group:https://www.facebook.com/groups/862065417721814Elizabeth Chiang on Linkedin: https://www.linkedin.com/in/elizabeth-chiang-0582a432Vision Health International:https://www.visionhealth.org There's exciting news at the Dare to Dream Physician! For those of you who wish to get clarity on your own "why", and get energized as you explore, envision, and create your dream life, I am taking on a limited number of one-on-one clients for Life Planning! To get the complete details, visit my website at Dare to Dream Physician https://daretodreamphysician.com

This is part 2 of a 3 part conversation with Dr. Elisa Chiang, MD, Ph.D., who is a practicing ophthalmologist and oculoplastic surgeon. She is also a Life Coach and founder of Grow Your Wealthy Mindset.Dr. Chiang shares:How she recharged through her medical missions trip, an example of the freedom to do what she loves as an oculoplastic surgeon without concern of financial constraints.What “money scarcity” mindset is and how it can leave someone feeling unsatisfied and insecure about his or her financial situation regardless of actual income earned. Why the development of a healthier relationship with money allows physicians to evaluate their true life passions and enjoy the journey while fulfilling those dreams.And more about the often taboo topic of money…Dare to Dream Physician Resources:Registration for the White Coat Investor Conference February 9-12, 2022 (In Person in AZ or Virtual):https://cvent.me/ba8V0A?RefId=Weili+Gray(Note: The WCI Conference 2022 Registration link is an affiliate link. The conference fee remains the same for you. However, by using the affiliate link above, you will be able to support the Dare to Dream Physician Podcast. Thank you for your support!)Dare to Dream Physician, Life Planning for Physicians https://daretodreamphysician.comDare to Dream Physician on Facebook https://www.facebook.com/daretodreamphysician/  DreamPhysician on Instagram https://www.instagram.com/dreamphysician/Resources for Dr. Elisa Chiang, MD, Ph.D.:Dr. Elisa Chiang, Grow Your Wealthy Mindset Website: https://www.growyourwealthymindset.com/YouTube Channel: https://www.youtube.com/c/WealthyMindsetMDGrow Your Wealthy Mindset on Facebook:https://www.facebook.com/GrowYourWealthyMindsetGrow Your Wealthy Mindset on Instagram: https://www.instagram.com/GrowYourWealthyMindsetWomen Physicians Creating Wealth Facebook Group:https://www.facebook.com/groups/862065417721814Elizabeth Chiang on Linkedin:  https://www.linkedin.com/in/elizabeth-chiang-0582a432Vision Health International: https://www.visionhealth.org There's exciting news at the Dare to Dream Physician! For those of you who wish to get clarity on your own "why", and get energized as you explore, envision, and create your dream life, I am taking on a limited number of one-on-one clients for Life Planning! To get the complete details, visit my website at Dare to Dream Physician https://daretodreamphysician.com

This week's episode is the first of a 3-part interview with Dr. Elisa Chiang, MD, Ph.D. She is an ophthalmologist and oculoplastics surgeon, a life coach, and the founder of Grow Your Wealthy Mindset.Dr. Chiang shares:How life coaching completely transformed how she viewed and felt about her work and her feelings of burnout.An example of the model she uses in self-coaching as well as with her life coach clients to create something positive and harmonious with personal goals or values.How no matter what circumstance surrounds her, which she may not have control over, she does have control in what she chooses to intentionally think about it, which in turn liberates her from unwanted negative feelings.How life coaching led her to take actions to pursue doing more of what she loves.And much more of her interesting process…Resources for Dr. Elisa Chiang, MD, Ph.D.:Dr. Elisa Chiang, Grow Your Wealthy Mindset Website: https://www.growyourwealthymindset.com/Grow Your Wealthy Mindset YouTube Channel: https://www.youtube.com/c/WealthyMindsetMDGrow Your Wealthy Mindset on Facebook: https://www.facebook.com/GrowYourWealthyMindsetGrow Your Wealthy Mindset on Instagram: https://www.instagram.com/GrowYourWealthyMindsetWomen Physicians Creating Wealth Facebook Group:https://www.facebook.com/groups/862065417721814Linkedin:  www.linkedin.com/in/elizabeth-chiang-0582a432Dare to Dream Physician Resources:Dare to Dream Physician, Life Planning for Physicians https://daretodreamphysician.comDare to Dream Physician on Facebook https://www.facebook.com/daretodreamphysician/  @DreamPhysician on Instagram https://www.instagram.com/dreamphysician/ There's exciting news at the Dare to Dream Physician! For those of you who wish to get clarity on your own "why", and get energized as you explore, envision, and create your dream life, I am taking on a limited number of one-on-one clients for Life Planning! To get the complete details, visit my website at Dare to Dream Physician https://daretodreamphysician.com

A wealthy mindset can help you overcome burnout, find fulfillment, and enjoy the journey to get there, no matter the odds. Dr. Elisa Chiang, MD, Ph.D. became a life coach after working as an ophthalmologist and hitting burnout after just 5 years. During graduate school, she dove into investing, read “Rich Dad, Poor Dad,”  and decided to pursue FIRE before it was cool. In this week's episode, Dr. Elisa Chiang shares her personal path toward mindset and real estate success. She scooped up foreclosures and flipped them for profit during medical school, which paved the way for her success in rentals and syndications. She shares that one key to fulfillment in the medical field is in developing deeper relationships with clients rather than simply performing medicine.In this episode, listen for:How real estate became key in her fulfillment and wealth-building journeyDr. Elisa Chiang's experience as a student in Dr. Leti and Dr. Kenji's course on rental propertiesWhat she did to overcome her fear of actively managing rentals Must-listen Moments: [3:50] Dr. Elisa Chiang walks us through the first house she bought and flipped in University Heights, Cleveland [15:40] What drew her to multifamily real estate investing[36:31] Details about her life coaching program and how she can help youGuest Links:https://www.growyourwealthymindset.com/Instagram @growyourweathlymindset  LinkedinMore from DIG Capital: Find and Listen to more episodes at https://www.digcapital.com/podcasts Read more about real estate syndications and passive investing at https://www.digcapital.com/blogTo Invest alongside other physicians: https://www.digcapital.com/join

Elisa Chiang is a Life Coach with training from The Life Coach School and an Ophthalmologist and Oculoplastic Surgeon  She has always had big dreams and large goals. She climbed to the summit of Mt. Kilimanjaro in a snow storm,  ran marathons and traveled to over 40 countries across 6 continents.She thought when she finished training, life would be at it's best. What she didn't expect was to be feeling burnout after less than five years of practice. Then came the COVID-19 Pandemic, which turned out to have some hidden gifts. https://www.kristinyatesdo.com/course (Click here for my confidence course)

Combining fine detail with grand vision, Dr. Elisa Chiang supports health for physicians by reuniting them with autonomy, agency and financial savviness to create freedom and joy in practice! You can connect with Dr. Chiang in the following locations: Website: www.WealthyMindsetMD.com (Coaching) and www.DrEyelid.com (medicine) Facebook: https://www.facebook.com/Wealthy-Mindset-110067837960578 https://www.facebook.com/DrElizabethChiang https://www.facebook.com/ElisaChiang/ YouTube https://www.youtube.com/channel/UCLZu1YRnbzUT_TlbOMMTlMQ (coaching) https://www.youtube.com/channel/UCnPlyDGnDkNY4JqUUplzK7A (medicine) Instagram https://www.instagram.com/wealthymindsetmd/