Podcasts about final thoughts don't

Fear and procrastination will lead to all sorts of trouble in your financial life. If these emotions cause you to continuously change your financial goals, learn why, and discover how to put a firm plan in place. What You'll Learn: 00:56 – Volatility Is Back On Wall Street. We can't predict what will happen on Wall Street, but we can control the amount of volatility in your portfolio. Now might be a good time for you to make sure your portfolio is properly diversified. 2:54 - Just How Much Cash Do You Need?   If you never feel like you have enough cash in the bank, you could be moving the goalpost in your retirement plan. Sure, you need to have an emergency fund, but too much cash in the bank is just as dangerous as a risk-filled portfolio. We want to keep some of your money liquid, but the rest of it needs to be working for you in the market. Make sure your wealth is keeping up with inflation. 5:18  - Get Serious About Saving. Stop Moving The Goalpost By Procrastinating. As the old Nike saving goes, "Just Do It." Stop procrastinating your saving. If you've been meaning to start saving more for retirement, do it. You can always stop in six months if your plan doesn't seem to be working. Stop putting off your financial future. 6:57 - If You're Procrastinating Your Need To Take The Risk Out Of Your Portfolio, You're Moving The Goalpost. If your portfolio is over-exposed to Wall Street, you need to remove some of the risk. While it might be tempting to continue riding the Wall Street roller coaster, it could be dangerous for you in retirement. Don't be greedy. Adjust your risk exposure before it's too late. 8:44 - Stop Moving The Goalpost And Pushing Back Your Retirement Date. Maybe you're afraid to retire. If so, it's easy just to keep working out of fear. We want you to work because you enjoy it, not because you're uncertain about your financial future. Mailbag 12:27 - Tim is a dentist. He owns a dental practice, and he owns his own office building as well. He's planning to retire, and he wants to know whether he should sell his practice but keep the building. 15:48 - Vicky says she's most likely getting a divorce in the next couple of years. She's retired, and her husband will be retiring soon. She wants to know how her assets and retirement will be affected by the divorce. 19:04 - The airline Harvey flies for is eliminating his pension and offering him a buyout instead. He's not being forced to retire, but he also won't be increasing his pension by working longer. He wants to know whether he should go ahead and retire. Final Thoughts: "Don't let fear and procrastination put a damper on your retirement. Stop moving the goalpost in your financial life. Take action, and put a plan in place."  - Money Wisdom Additional Resources: ScheduleYour Money Map Review: http://retire.johnsonbrunetti.com/contactjohnsonbrunetti For further exploration of this topic and additional resources, check out our blog here: https://johnsonbrunetti.com/four-ways-youre-moving-the-goalpost-in-retirement/

Join us for a jaunt to Washington. We'll hear from CNBC tax expert Andy Friedman as he discusses how the goings-on in Washington could affect the financial services industry. What You'll Learn: 00:40 – How Will Washington Affect Your Finances? Joel shares an interview with CNBC Wall Street tax expert Andy Friedman. He discusses what we can expect out of Washington from a financial and political standpoint in 2019. 2:14 - The Impacts Of A Divided Government.   Washington is divided, and the implications of this split is gridlock in Congress. Andy explains why we probably won't see many laws passed on tax reform, fiscal change, etc... 3:09  - What Effects Will Democrats Have On The House?     The Democrats have taken control of the House of Representatives. They'll probably hold a series of oversight hearings that review administrative policies. The House's committees now have subpoena power, meaning they can force members of the Trump Administration to testify. These hearings will bog down any action as it pertains to passing policy. 5:28 - How Will The Public React To Washington Politics? Many folks are upset with Congress in general, and some are even more upset by the inaction. Conversely, some Democrats were angry before and are welcoming the possibility for change. 6:52 - What Good Comes Out Of This Congress?  Many of these hearings will subject the financial services industry to scrutiny. Perhaps Congress will hold Wall Street accountable for any dubious activity. 8:58 - How Will The Markets Respond?  The markets are volatile, and they're waiting to see what will come from the gridlock. The end of these political stories has yet to be written. 10:22 - How Does This Affect Your Retirement? Political turmoil can adversely affect your portfolio. Regardless of what happens on Wall Street, your fears alone can affect your retirement strategy. Put a financial plan in place that removes some of the volatility and emotion from your retirement equation. Find freedom from political and financial volatility. Final Thoughts: "Don't let political turmoil in Washington adversely affect your portfolio. Political storylines are still developing, and they don't have to take the joy out of your retirement. "  - Money Wisdom Additional Resources: ScheduleYour Money Map Review: http://retire.johnsonbrunetti.com/contactjohnsonbrunetti For further exploration of this topic and additional resources, check out our blog here: https://johnsonbrunetti.com/congress-and-your-portfolio/

Session 79 A common question among stressed out premeds – which do I choose, physician or PA? In this episode, I am sharing some insights into the differences between a physician and a PA as well as how to best choose between the two. [01:18] OldPreMeds Question of the Week: "I'm a new OPM (old premed), 31-year-old single, no kids. After taking a detour from the very traditional path, during my original undergrad 3.47 GPA in Biology, never took the MCAT, I figured out that I wasn't ready for medical school and started pursuing other interests outside of health care." * As a nontraditional student, you're allowed to go pursue other things. If you think you're not ready, maybe you're a little burnt out from the premed path (all of us are a little bit), go and explore some other interests which is what this person did. "Nearly a decade later, I am more convinced than ever that becoming a health care provider is the right career for me but I'm struggling with the decision of MD/DO versus PA. I don't have the requisite health care experience that would make me competitive for most PA programs but I'm going to have to spend one to two years full-time refreshing postbac coursework, taking the MCAT, etc. to go to medical school. So I could just easily spend the time working full-time as an EMT, CNA, or whatever. the problem is can't do both so I need to figure out which path I want to pursue sooner rather than later. I've read some compelling statistics about PA that appeal me - 90% job satisfaction, two times the patient interaction time, 42-hour work week, etc. But those tend to come from sources that seem incredibly biased towards PA over MD. Furthermore, I am not 100% sure I'd be happy long term with the relatively diminished status of PA and/or whether I could do the type of international work as part of my life plan. Any thoughts, feedback, etc. from the OPM community especially from those who have explored decision for themselves would be most appreciated." Here are my thoughts: [03:50] Don't Base It on Job Satisfaction or Work Hours! Deciding between being a physician and a PA -  the problem with this at that high level where you're just comparing work hours and patient interaction time and job satisfaction, that means nothing. Go look at somebody who has the best job satisfaction who's only working 40 hours a week and has great interaction with their clients. You can't choose your career based on job satisfaction, ratings, work hours per week, or patient interaction. If that's how you're going to choose your career then you're not going to be happy in the long run depending on if you made the right choice or not. [05:15] A Huge Difference Between PA and Physician Unfortunately, it's not talked about enough but there's a huge difference between being a physician and being a PA. The PA world will tell you there's not that big of a difference and the physician world will say there is. I am a little biased as I'm a physician. But in practice, depending on what you're doing and on what state you're in considering states have different laws regarding PA's, the work around what a PA can do can vary drastically. I've talked to PA's who want to go on to medical school and I've helped some of them get into medical school and the reason always comes back to not having enough knowledge to be able to treat the patients they want to treat. The physicians would usually tell PA's it's the doctor's job while they go take care of the minor stuff. So there's a huge difference in the types of patients you'll be able to see because your knowledge base is limited, your scope of practice is limited. The role of the PA was created to fill in more of the mundane, easier things that could be algorithmically handed over to a "mid-level" provider. There's a lot of rate around the term "mid-level' but we'll just call it that because that's the terms that's been thrown around for a long time and that's the term that I always use. The PA and NP are trained to take care of easier things. You can't go through PA or NP school and have the same depth of knowledge as a physician to be able to treat the sort of diseases that you would see that a physician treats. You can't. So if you are okay regardless of job satisfaction, hours per week, or any of that stuff, get rid of that. If you are okay working and treating patients who have the sniffles or aches and pains, it's going to be a lot of repetitive things. Medicine in general is repetitive even for physicians. But if you're okay with treating some of the lower acuity things then great, go be a PA. If you're okay not having the full knowledge base to be able to take care of your patients then be a PA. [08:17] How Should You Choose Between a Physician and PA We need PA's and there are plenty of people out there that want to be PA's. They have that mentality, personality, and goals in life that fit with being a PA. But my point here is do not choose physician versus PA based on job satisfaction, patient interaction, and hours per week. Don't base it on years of schooling. Choose physician or PA based on the scope of practice you want and the level of knowledge you want and go from there. The only way you're going to find our is by shadowing a physician or shadowing a PA. Shadow many physicians in different specialties in different areas or shadow PA's in different specialties in different areas and talk to a lot of people. Find out what they like and what they don't like about their job. This is the best way to go about it. [09:23] International Work I'm going to assume that a PA degree is not recognized throughout the whole world. If you're interested in doing international work as a PA, you may want to look into this. For instance, DO or the osteopathic medicine degree started here in the U.S. and it's most recognized here in the U.S. Now the American Osteopathic Association is working on getting more countries to recognize the DO degree and they're doing well. So now as a DO, you can practice in more and more countries but there is a limitation there. Whereas an MD can practice everywhere. So if you are truly interested in international work then really look into the recognition of a PA degree and what privileges and credentials you would have in another setting. [10:36] Final Thoughts Don't look at hours of work or patient interaction or at job satisfaction. Find out what you want based on the depth of knowledge, the skills you learn as a physician versus a PA. Look at everything else in there and you can only do that by shadowing enough. That's how you should choose between a physician or a PA. Links: MedEd Media Network

Session 71 Our poster this week is wondering if applying late is going to hurt his chances of getting into an MD school and if he should just focus on DO schools. Should you “give up” applying to MD schools just because you’re taking the MCAT at a later date? [01:15] OldPreMeds Question of the Week: "I'm beginning to realize that I might have to give up on MD and focus on DO only. I'm taking O. Chem 2 and Philosophy this summer and will have all prereqs completed except the Biochem and Bio3 for those schools that require it. Although I wanted to take O. Chem at another place, I had to take it at this community college because of timing. The problem is that this community college is one of those "Harvard on a hill" types. Science classes and labs are loaded up with busy work and homework. I'm starting to realize that the bulk of my MCAT prep will have to happen after the semester ends, which means June and July and MCAT July 28. That would push my application into mid-September and my understanding from that other site (SDN) is that mid-September is quite late for MD but on time for DO. So what to do? Give up hopes of MD, stick with the DO cycle only? Apply MD and hope for a miracle? I don't have a problem with DO per se as my ultimate goal is Family Medicine or Internal Medicine. The only issue I have with DO is that most schools have you move after second year and then again after third year. There are few schools that allow both clinical years that would be completed in the same town and those would be the ones I would target. I would not want to apply to schools such as PNWU (Pacific Northwestern University). I don't want to be moving between Alaska, Oregon, Washington, Montana, and Idaho every three months for rotations. My number one choice is UC San Diego but that's going to be a tough one unless my MCAT score rocks. My estimated Science GPA is 3.63. I am an over-represented minority, will have mediocre ECs and LORs., and don't have any kind of amazing life story.” [03:29] Is August Too Late to Apply? The poster here is an over-represented minority and interested in UC San Diego but is taking a late MCAT. July 28 MCAT is late and it's not terrible. Well, it's kind of bad. Looking at the date, you're going to get the score back or the school is going to get the score back on Tuesday, August 29. That would be end of August which means it's going to be a late August date. I recently talked to a premed advisor at a local school who reached out to fifteen medical schools talking about sending committee letters and if a late August committee letter would still be okay. Out of the 15 schools, 12-13 said it was okay and they'd still consider it early while 2-3 of them preferred mid-August. Although this is a small sample size, it goes to show you that a lot of schools out there are still ramping up their admissions in August and September. [05:05] The Normal Application Time Frame Remember the normal time frame is to submit in June. Schools get your primary application. For AACOMAS application, schools will start to get it early June this year, while AMCAS application will not get it until late June. They send you secondaries and you fill those out, assuming that schools start to receive secondary applications starting mid-July. Applications start to get looked at and then interview invites start to go out. Following that, they would start accepting people after the interviews. [05:50] Early Application and Rolling Admissions Think about where you are in line. If you're going to take a late MCAT, you still need to apply early. Have those transcripts verified early because the biggest hangup in the application is this manual process done by people. So you need to get in line to get your transcripts verified. Get those applications out and start to fill out those secondaries and have the MCAT as the only thing that the school is waiting for. Hence, there is no reason to "give up" on MD. Just apply and see. I wouldn't NOT apply to MD schools just because it's later in the application cycle. I also disagree with the fact that it's still "on time" for DO considering that the DO application starts to go out before MD applications. So don't have that mindset of giving up MD just because it's a later application. A lot of people get accepted to MD and DO schools that apply late. Of course, you need good scores and stats to bring you over the hurdle considering it's a rolling admissions process. This is another reason I don't agree with being "on time" for DO because most schools have a rolling admissions process. Either way, if you're applying late to either application cycle, you're still going to be later in the cycle for everybody. This means less interview spots available and if you get one and are interviewed, it's going to be a little bit later. Typically, there are less acceptances to hand out because it's a rolling admissions process. [08:16] Final Thoughts Don't give up on MD. Apply to both MD and DO and do your best. Give it your best shot. Ideally, you're taking the MCAT earlier but it is what it is. I hope you understand the importance of taking it earlier in the application cycle. As I'm recording this in 2017, the latest that I'm pushing students back to is mid-June because then if you get your score back in mid-July (the date secondaries are coming back if you're up-to-date) and so it's not delaying the application a lot, if at all. Ideally, take the MCAT in March or April but if you need to take it a little bit later, then do it. You obviously want to take it when you're prepared. Do not take it early just because you have to. There's a big difference there. Links: MedEd Media Network AMCAS AACOMAS