Podcasts about financial basics

The road towards financial literacy and financial freedom does not need to be a solo, do-it-yourself, figure it out as it goes type of journey. Guest Dr. Jim Dahle (practicing emergency medicine physician and Founder of the White Coat Investor) joins host Dr. Chris Beck to help better illuminate the process of becoming financially literate and securing financial freedom for physicians and others in similar professional arenas. --- This podcast is supported by: RADPAD® Radiation Protection https://www.radpad.com/ --- SYNPOSIS Dr. Dahle begins the episode by driving home how sound and solid financial education coupled with early, prudent financial behaviors can be worth millions over a career. The doctors discuss writing investment plans, goal setting, and understanding of asset allocation to ensure long-term financial success. Dr. Dahle also delves into the Mega Backdoor Roth IRA, practical tips for handling savings and expenses, as well as how to integrate real estate into your investment portfolio. The episode concludes with helpful resources, programs, and conferences available through the White Coat Investor. --- TIMESTAMPS 00:00 - Introduction 04:30 - Savings Tips and Strategies 13:22 - Retirement Goals and Savings Targets 28:20 - Real Estate as an Investment 32:30 - Mega Backdoor Roth IRA 42:59 - Advice for New High-Income Earners 46:09 - Teaching Financial Literacy to Kids 48:15 - Addressing Physician Burnout 53:53 - Common Financial Mistakes by Doctors 58:11 - White Coat Investor Book Giveaway Program --- RESOURCES White Coat Investor: https://www.whitecoatinvestor.com BackTable VI Episode #194 - Financial Basics from the White Coat Investor with Dr. James Dahle: https://www.backtable.com/shows/vi/podcasts/194/financial-basics-from-the-white-coat-investor White Coat Investor Champions Program (For Students): https://www.whitecoatinvestor.com/wci-champions/

Welkom bij een nieuwe aflevering van De Donkere Kamer podcast! Vandaag hebben we een bijzondere gast in de studio: Kimberly Van Poecke, de Cijfercoach. In deze aflevering duiken we in de wereld van cijfers, maar niet zoals je het zou verwachten van een boekhouder. Kimberly helpt vrouwelijke ondernemers – en mannen, uiteraard! – om grip te krijgen op hun cijfers en financieel zelfvertrouwen op te bouwen.Als creatieve ondernemer, zoals een fotograaf, kan het lastig zijn om de juiste balans te vinden tussen passie en winst. Kimberly deelt haar inzichten over hoe je, ook als fotograaf of creatieve ondernemer, meer controle krijgt over je financiële situatie zonder dat dit ten koste gaat van je creativiteit.Naast haar liefde voor cijfers is Kimberly ook een wandelaar in de bossen en een fervente kok – haar veelzijdigheid spreekt voor zich!Kimberly biedt een speciaal aanbod voor jou als luisteraar. Haar online programma The Financial Basics is nu beschikbaar voor slechts 99 euro in plaats van 199 euro, exclusief voor luisteraars van deze podcast. Gebruik de actiecode dedonkerekamer bij de checkout op haar website: decijfercoach.be/financialbasics Let wel, de actie geldt tot 30 juni 2025.Tune in en leer alles over hoe jij je cijfers als creatieve ondernemer kunt leren kennen en beheren!website van De Donkere Kamer: donkerekamer.cominstagram: @dedonkerekamer_begratis secret podcast series: donkerekamer.com/secretpodcastwebsite de cijfercoach: https://decijfercoach.be/instagram Kimberley: @de_cijfercoach

Transforming your financial future isn't as hard as it may seem. My guest today is Hilary Hoff, a seasoned financial advisor with a rich background in corporate finance, and she joins the show today to discuss the six pillars of financial planning. She breaks them all down in practical, actionable ways that will help you take control of your finances. Hillary Hoff: Website | Facebook | Schedule a Consult Call Retail Bootcamp 2025 Boutique Boss Planner Join The Boutique Hub Ashley Alderson: Instagram The Boutique Hub: Website | Facebook | Instagram | Pinterest | TikTok | YouTube

Darin Pierson is a bookkeeper and CPA AND has bought his own businesses. When we say he's been in the trenches, it's not fake. Darin has also created a free course on SMB Financial Basics for all listeners.   Podcast Nuggies: 4 ways money comes in, 4 ways it goes out Cash vs Accrual Accounting Good vs Bad books How to tell if a bookkeeper is good MONEY IN Revenue Asset sale Loan Personal capital in MONEY OUT Expenses Buying Assets Debt payments Dividends   Free SBM Financial Courses https://letsbuyabusiness.com/courses/   Want to invest in amazing entrepreneurs with vetted deals? Send a note to Monica@letsbuyabusiness.com   Ready to level up but not 1 on 1 consulting? How to Buy Your First Small Business through Acquisition Entrepreneurship https://letsbuyabusiness.com/courses/   Need Bookkeeping or Tax Help? Contact Darin at https://ashfordsky.com/. He's awesome. He's on this episode!

Establishing a sound financial model in a business's early days is crucial for spirits brands to set a foundation for sustainable growth. A well-crafted financial plan helps brands minimize surprises and accurately forecast the capital-intensive aspects of the spirits business. In this episode, you'll hear two presentations on financial modeling. First, former Pernod Ricard executive Guillaume Thomas will share his best practices for financial success during the brand-building process. Then, Felipe Gonzalez-Gordon discusses the costs associated with competing in the beverage alcohol business.Featured Guests:Guillaume Thomas, Founder and CEO, Martingale CognacFelipe Gonzalez-Gordon, COO & Partner, Colangelo & PartnersMentioned in this episode:Martingale CognacColangelo & PartnersWatch the full videos on YouTube: 4 Focus Areas for Financial Success in the Alcohol BusinessThe Costs of Competing in the Beverage Alcohol BusinessWant to stay in the know about new episodes from the podcast? Fill out the form below: https://share.hsforms.com/1MEb-81x2TXi3f15qO_yEpA4tip1Learn More About Park StreetSign up for our Daily Industry Newsletter.Sign Up for our Monthly Newsletter.Check out Park Street's Guide to Getting Started in the U.S. MarketFollow us for more industry insights onLinkedIn FacebookTwitterInstagram

Today, Jesse helps us step out of our financial frame and see the broader context of our lives. Quoting from David Foster Wallace's “This is Water” speech, he highlights our self-centered bias and makes suggestions on how we can gain greater perspective through the support of those around us. In his monologue, Jesse also notes Charlie Munger's belief that the world isn't driven by greed, but rather by envy, and that often our reality seems a certain way because of what we see around us. Steve Adcock joins the conversation to share his own perspectives on financial independence, early retirement, and, perhaps most importantly, finding meaning in both. Previously featured on episode 16 of The Best Interest, Steve provides us with a bit of an update on his FIRE journey since retiring at just 35 years old. He gives us a taste of the quippy insights he shares weekly through Millionaire Habits and delves into some of the mental health considerations that should come along with our financial goals, sharing how he and his wife have been able to inject their financially independent lives with purpose and meaning. If you're looking for some practical advice around the basics, mental health, and the power of passive investing, this is the episode for you. Key Takeaways:• What is your “frame” and how can people on the outside help us see our realities for what they are? • Mentors, friends, or others in your network could help you step out of your frame and see your financial situation in a new light. • How to change your lifestyle with your financial situation to maximize every moment. • The smart shopping habits to adopt that'll set you miles ahead of most people. • Why the basics aren't overrated and are worth revisiting regularly. • Why you need to plan for not just getting to retirement, but also what comes after. Key Timestamps:(01:38) Understanding Your Frame of Reference (03:29) David Foster Wallace's Insight on Self-Centeredness (05:04) The Role of Envy in Personal Finance (12:51) Interview with Steve Adcock: Achieving Financial Independence (20:38) Lifestyle Changes and Financial Strategies (25:50) The Power of Passive Investing (29:50) Adjusting Spending in Retirement (31:38) Evaluating Subscriptions and Spending (37:45) The Importance of Financial Basics (40:59) Finding Purpose in Retirement (50:46) Millionaire Habits and Final Thoughts Key Topics Discussed:The Best Interest, Jesse Cramer, Rochester New York, financial planner, financial advisor, wealth management, retirement planning, tax planning, personal finance, retire early, financial independence, digital nomad, millionaire habits, financial basics More from Steve:Millionaire Habits: https://millionairehabits.us/ Website: https://steveadcock.us/ LinkedIn: https://www.linkedin.com/in/steveallenadcock/ Twitter: https://x.com/SteveOnSpeed Mentions: Millionaire Habits: How to Achieve Financial Independence, Retire Early, and Make a Difference by Focusing on Yourself First by Steve Adcock The Best Interest Podcast, Episode 16, “Retire at 35 with Steve Adcock” https://open.spotify.com/episode/6lhHT4r7aNfrjwVVqKL3ha?si=c00ca0f26e934a2a Mimetic Desire and Consumer “Choice” by Katie Gatti Tassin https://bestinterest.blog/frame/ More of The Best Interest:Check out the Best Interest Blog at bestinterest.blog Contact me at jesse@bestinterest.blog The Best Interest Podcast is a personal podcast meant for educational and entertainment. It should not be taken as financial advice, and is not prescriptive of your financial situation.

What's the distinction between bookkeeping and accounting, and accountants and tax professionals? Why should you work with accounting software in your private practice? When should you hire a professional to guide you?  In this podcast episode, Andrew Burdette discusses the financial basics for practice owners with Jennie Schottmiller, CPA, LMFT.  Podcast Sponsor: Practice of the […] The post Financial Basics for Practice Owners with Jennie Schottmiller | GP 239 appeared first on How to Start, Grow, and Scale a Private Practice | Practice of the Practice.

A PCS or Permanent Change of Station impacts every part of your life, including your finances and jobs. Understanding the basics of PCSing can help you avoid costly mistakes and maybe make some money on it.  In this episode, Kate Horrell breaks down the financial basics of a PCS, the allowances provided by the DoD for your move, and advice to make everything go smoother.  Kate is an Accredited Financial Counselor®, Chartered Financial Consultant®, Military Qualified Financial Professional, and founder of Kings High Media. She creates personal finance content that helps our military and veteran community make the most of their pay and benefits. In addition to being a financial expert, Kate knows a thing or two about being a military spouse and PCSing. She's been married to a now-retired sailor for 30 years, corralling four girls and two cats across four OCONUS tours and a handful of homes in the US. Show notes and resources: https://milmo.co/podcast/pcsing

Henry talks with Katrina Samios, CEO of Financial Basics Foundation. Audio production by Rob Kelly. This conversation was broadcast on 97.7FM Casey Radio in August 2024.

In today's episode I sit down and have a chat with Gabriel Nussbaum. Gabriel has amassed over 1.5 million social media followers, he hosts a radio show called ‘That money show' and helps other creators grow with a community he has created called ‘The Creator Space'.I love how Gabriel simplifies the confusing world of personal finance and has some great tips for how to both increase you income, as well as invest for your future.For more information on Gabriel -TikTok - https://www.tiktok.com/@gabriel.nussbaumYouTube - https://www.youtube.com/c/gabrielnussbaumInstagram - https://www.instagram.com/gabrielinussbaum/ Hosted on Acast. See acast.com/privacy for more information.

Henry talks with Katrina Samios, the CEO of Financial Basics Foundation. This conversation was broadcast on 97.7FM Casey Radio in April 2024. Produced by Rob Kelly.

Keeping up with your bookkeeping will not only help you with your compliance tasks, such as filing your tax return at the end of the year, but having this financial data will also help you make smart business decisions.  In today's podcast episode, you'll learn about the most common financial mistakes and how you can prevent them in your business.  Understanding your financial information is vital to the success of your business, whether you are a self-employed individual, a solopreneur, entrepreneur, mompreneur, freelancer, small business owner, a remote, virtual, online, or in-house bookkeeper, or a virtual assistant or VA.  There is a lot to learn when it comes to your business finances.  It may seem overwhelming at first, but once you have a system in place and understand how your business is doing, you'll be surprised at just how simple it can be.  These tips are essential whether you are using a computerized software system like QuickBooks, Xero, Wave, or FreshBooks for your business finances; or doing your bookkeeping manually with an Excel spreadsheet or even a Google Document… Find out how you can work with me by either scheduling a free consultation or signing up for the BALANCE Life Coaching program, where you can get private one-on-one coaching every week.  Find out where you'd like to see yourself and your business in the future.  We'll create a laser-focused plan, including which action steps you need to take to get started on the path to success: https://www.financialadventure.com/work-with-me Accountants, CPAs, Bookkeepers, Tax Preparers & Financial Professionals, sign up here to get updates on upcoming opportunities & grab the Audit Of Your Well-Being & Balance Guide here: https://www.financialadventure.com/accountant Ready to set up your business?  I have a program to help you get your business set up so that you can start making money.  Sign up for this program here: https://www.financialadventure.com/start Are you ready to try coaching?  Schedule an Introductory Coaching Session today.  You'll have the opportunity to dip your toes in and see how you like coaching with an Introductory Coaching Session.  I'll spend the whole time coaching you on anything you'd like coaching on in your business or your personal life: https://www.financialadventure.com/intro Join us in the Mastering Your Small Business Finances PROFIT LAB if you are ready to take control of your business finances and create the profitable business you are striving for.  Are you ready to generate revenues and increase the profit in your business: https://www.financialadventure.com/profit If You Are Ready To Choose, Start Or Grow Your Side Hustle, Get Your Free Checklist And Assessment Here: https://www.financialadventure.com/sidehustle Grab Your FREE guide:  5 Essential Strategies For Stress-Free Bookkeeping: https://www.financialadventure.com/5essentials Your FREE Online Virtual Bookkeeping Business Starter Guide & Success Path Is Waiting For You: https://www.financialadventure.com/starterguide Join Our Facebook Community:  https://www.facebook.com/groups/womenbusinessownersultimatediybookkeepingboutique The Strategic Bookkeeping Academy, including Bookkeeping Basics, is open for registration!  You can learn more and sign up here: https://www.financialadventure.com/sba Looking for a payroll solution for your business?  You can get an exclusive 15% discount on your payroll services when you sign up here: https://www.financialadventure.com/adp QuickBooks Online - Save 30% Your First 6 Months: https://www.financialadventure.com/quickbooks Sign up for a virtual coffee chat to see if starting a Bookkeeping Business is right for you: https://www.financialadventure.com/discovery Show Notes:  https://www.financialadventure.com This podcast is sponsored by Financial Adventure, LLC ~ visit https://www.financialadventure.com for additional information and free resources.

Today we're peeling back the layers on the financial vital signs that every healthcare provider should be tracking. I'm here to guide you through assessing your financial health with the same precision, care and attention to detail you provide your patients.  Whether you're a seasoned practitioner or just starting your journey in healthcare, today's insights will arm you with the tools to ensure your financial health is thriving. Money isn't the end game – getting control of your money creates margin in your life!  MASTERCLASS https://www.tracybingaman.com/masterclass  SEINT BEAUTY https://msha.ke/alissanicole9?fbclid=PAAaYZsKVGamOLY4HbnwqNVG27kBiaiT9ZCaI5MNt0WCNyvCxyihCqBUyAa-Q_aem_AexD9TAxozx50xDJRrpCFFzFiXVQYvxbZtMWUjoQlYnYikSO6IKVqVkvIJlReqvnERQ PROMISED LAND MEATS https://promisedlandmeats.com/   COACHING 1-ON-1 NEGOTIATION CONSULT https://calendly.com/the-pa-is-in/negotiate  FREE 30-MINUTE COACHING CONSULT https://calendly.com/the-pa-is-in/gen-call   LINKS EPISODE BLOG POST https://www.tracybingaman.com/blog TRACY ON INSTAGRAM https://www.instagram.com/mrstracybingaman/ ON LINKEDIN https://www.linkedin.com/in/tracybingaman/  --- Support this podcast: https://podcasters.spotify.com/pod/show/thepaisin/support

What is an emergency fund? Who needs funds set aside for job loss, injury, or emergencies? How much money do I need in my emergency fund? Where is the best place to keep emergency funds? A money market? A high yield savings account? And do I really need an emergency fund? Yes, you definitely should have emergency savings as both a priority in your financial life and a short-term money goal. Aim to have at least 3 months of expenses saved in the next 2-6 months. MASTERCLASS LINK https://www.tracybingaman.com/masterclass SPONSORS SEINT BEAUTY https://msha.ke/alissanicole9?fbclid=PAAaYZsKVGamOLY4HbnwqNVG27kBiaiT9ZCaI5MNt0WCNyvCxyihCqBUyAa-Q_aem_AexD9TAxozx50xDJRrpCFFzFiXVQYvxbZtMWUjoQlYnYikSO6IKVqVkvIJlReqvnERQ PROMISED LAND MEATS https://promisedlandmeats.com/   COACHING 1-ON-1 NEGOTIATION CONSULT https://calendly.com/the-pa-is-in/negotiate  FREE 30-MINUTE COACHING CONSULT https://calendly.com/the-pa-is-in/gen-call   LINKS EPISODE BLOG POST https://www.tracybingaman.com/blog TRACY ON INSTAGRAM https://www.instagram.com/mrstracybingaman/ ON LINKEDIN https://www.linkedin.com/in/tracybingaman/  emergency fund, financial freedom, financial independence, healthcare, job loss, injury, savings, money market, high yield savings account, short-term money goal, expenses, Seint Beauty, coaching, negotiation, consultation,Tracy Bingaman, Personal finance, financial planning, budgeting, savings goals, emergency savings, financial stability, wealth management, financial security, risk management, investment, retirement planning, financial literacy, money management, financial well-being. --- Support this podcast: https://podcasters.spotify.com/pod/show/thepaisin/support

Get my Monthly Newsletter here Is THIS the year that you are leaving the corporate cushion and heading out on your own? If so, here's the “speed dating version” of what you need to get set up. Set up an LLC Get an EIN Get a separate business bank account Get business insurance Set up a good bookkeeping system (and maybe hire a good bookkeeper, too!)   If you want a deeper dive into the items above, check out the episodes below: Episodes in the “Business Money 101” series: Ep 3 - Financial Foundations - https://www.ericagoode.com/podcast/ep3 Ep 4 - LLCs and EINs -https://www.ericagoode.com/podcast/ep4 Ep 5 - Business Insurance - https://www.ericagoode.com/podcast/ep5 Ep 6 - Bank Accounts - https://www.ericagoode.com/podcast/ep6 Ep 7 - Bookkeeping Practices - https://www.ericagoode.com/podcast/ep7    Connect with Erica: Instagram  LinkedIn Email List  

In this episode of The Millionaire Choice Podcast, your host Tony Bradshaw welcomes you to a conversation that delves into a crucial aspect of financial success - credit health. As we navigate the journey to becoming millionaires, understanding the role of credit becomes paramount. Joining us today is Michael Morrow, the founder of Financially Better Credit. Together, they unravel the misconceptions around credit, discuss its vital role in achieving financial goals, and provide insights that can shape your path to financial success.   Segment 1: Journey to Financial Wellness Michael shares his personal journey that led him to become passionate about improving credit and financial wellness. Discusses the common misconceptions and myths surrounding credit scores and their impact on achieving financial goals. Highlights the pivotal moments that inspired him to create Financially Better Credit.   Segment 2: The Foundation of Credit Health Michael explains the foundational principles of credit health and how it impacts individuals' overall financial well-being. Discusses the key factors that contribute to credit scores and dispels common misunderstandings about their calculation. Provides actionable tips for listeners to start building and improving their credit profiles.   Segment 3: Navigating the Credit System Michael delves into the intricacies of the credit system, including credit bureaus, reports, and scores. Offers insights into understanding credit reports, interpreting credit inquiries, and addressing errors. Discusses the significance of responsible credit management in achieving long-term financial success.   Segment 4: Building Credit for Future Millionaires Michael and Tony explore strategies for individuals who aim to become millionaires and the role of credit in that journey. Talks about the importance of credit when it comes to investments, entrepreneurship, and leveraging opportunities. Shares success stories of clients who have transformed their credit situations and achieved financial milestones.   Segment 5: Overcoming Challenges and Roadblocks Michael addresses common challenges individuals face when trying to improve their credit, such as debt management and credit card usage. Provides guidance on how to overcome these challenges and develop healthy financial habits. Offers advice on seeking professional assistance, like credit counseling, when needed. Wrap-up: Credit health is a cornerstone on the road to millionaire status, as highlighted by Michael Morrow from Financially Better Credit. Apply these insights to fortify your financial future. Tune in for more empowering episodes of The Millionaire Choice Podcast, where we uncover the choices that underpin lasting financial success. Connect with Michael Morrow at https://www.financiallybettercredit.com/ Disclaimer: The Millionaire Choice Show shares the experiences and opinions of real people and should not be considered financial advice. Before making your own financial choices, please seek out a registered financial advisor or certified financial planner. See omnystudio.com/listener for privacy information.

5 Tips for Laying a Strong Legal Foundation for Your Business Starting a business can be an exciting and rewarding experience, but it's important to make sure you're laying a strong legal foundation for your company. In a recent podcast episode, speakers provided some valuable advice on the legal aspects of starting and running a business. Here are five tips to keep in mind: Choose the right business structure: There are several types of business structures to choose from, including sole proprietorships, partnerships, LLCs, and corporations. Consult with an accountant to determine the best option for your business. Register your business name: It's important to register your business name to ensure that no one else is using it. Speaker 2 emphasized the importance of trademarking your business name to protect your brand. Obtain an EIN number: An EIN number is used to identify your business for tax purposes. Speaker 2 cautioned against paying for an EIN number, as it can be obtained for free from the IRS. Keep personal and business finances separate: It's important to keep your personal and business finances separate to avoid any confusion or legal issues down the line. Speaker 2 recommended obtaining a separate credit card for business purchases. Consult with professionals: It's crucial to consult with professionals such as accountants and business attorneys to make informed decisions and ensure a strong legal foundation for your business. Starting a business can be overwhelming, but with the right legal foundation in place, you can set yourself up for success. By following these tips and consulting with professionals, you can navigate the legal aspects of starting and running a business with confidence.    

Even if you are an experienced researcher, Google is not a reliable source of information, especially when it comes to real estate and deciding if you're ready to buy a home. You need to talk to a real person. AI is super cool and the Internet is great for a lot of things, but it is NOT going to help you when you are gauging mortgage rates and how much you can afford. Instead, listen to David (a real person) who tells you what you need to know to make sure you're really prepared to buy your first home. Here are some topics from today's conversation: Episode Highlights: [04:39] What Is the Lifetime Cost of Your Home? If you're Googling your real estate info, then this concept may not come up. But, there is your mortgage payment and then there is the whole lifetime cost of your home. One of these will shock you. Here's a story - one How to Buy a Homie bought an $800,000 home with a monthly payment that was within his budget, but then he did the math. If he stayed in his home for 30 years, only paid the minimum payments, and never refinanced, he would have spent a total $1.8 million dollars on the house. That's crazy! That's because that's not how loans work. When you pay on a mortgage for, say, a $400,000 home, you aren't paying $400,000 over 30 years. The lenders want to get their cut, too. [9:29] The Cost of Middle Class Living When it comes to living your life, you have two options: pay for everything in cash all the time. Or, your second option is to pay incrementally where you'll pay a bigger price overall, but will be able to experience the middle class joys a little sooner. This usually happens with larger investments such as cars and homes. So, you're living above your means, but you're enjoying life. Sounds a little irresponsible, but many many people live this way. It's not the worst thing, but when people have little to no financial education, it can all go terribly wrong. It takes some wisdom and understanding of your financial situation to prioritize in a way that benefits you best. [17:30] Is Google Right? IT DEPENDS Every decision in life has to analyze your own personal data. When you Google “How much money do I need to make to afford a $400,000 home?” take the search results with a grain of salt. Google doesn't know your credit score, your income-to-debt ratio, or any financial factors that could influence a lender's perception of your situation. Also, there are so many other factors that need to be considered such as interest rates. These numbers are always changing based on the economy, so what the Internet tells you might already be out of style. Instead, it's better to skip the middleman (Google) and jump right to the experts (a unicorn team).

Even if you are an experienced researcher, Google is not a reliable source of information, especially when it comes to real estate and deciding if you're ready to buy a home. You need to talk to a real person. AI is super cool and the Internet is great for a lot of things, but it is NOT going to help you when you are gauging mortgage rates and how much you can afford. Instead, listen to David (a real person) who tells you what you need to know to make sure you're really prepared to buy your first home. Here are some topics from today's conversation: How much you need to make to buy a $400,000 home The lifetime cost of a home Amortization Why Googling can mess this all up Episode Highlights: [04:39] What Is the Lifetime Cost of Your Home? If you're Googling your real estate info, then this concept may not come up. But, there is your mortgage payment and then there is the whole lifetime cost of your home. One of these will shock you. Here's a story - one How to Buy a Homie bought an $800,000 home with a monthly payment that was within his budget, but then he did the math. If he stayed in his home for 30 years, only paid the minimum payments, and never refinanced, he would have spent a total $1.8 million dollars on the house. That's crazy! That's because that's not how loans work. When you pay on a mortgage for, say, a $400,000 home, you aren't paying $400,000 over 30 years. The lenders want to get their cut, too.  [9:29] The Cost of Middle Class Living When it comes to living your life, you have two options: pay for everything in cash all the time. Or, your second option is to pay incrementally where you'll pay a bigger price overall, but will be able to experience the middle class joys a little sooner. This usually happens with larger investments such as cars and homes. So, you're living above your means, but you're enjoying life. Sounds a little irresponsible, but many many people live this way. It's not the worst thing, but when people have little to no financial education, it can all go terribly wrong. It takes some wisdom and understanding of your financial situation to prioritize in a way that benefits you best. [17:30] Is Google Right? IT DEPENDS Every decision in life has to analyze your own personal data. When you Google “How much money do I need to make to afford a $400,000 home?” take the search results with a grain of salt. Google doesn't know your credit score, your income-to-debt ratio, or any financial factors that could influence a lender's perception of your situation. Also, there are so many other factors that need to be considered such as interest rates. These numbers are always changing based on the economy, so what the Internet tells you might already be out of style. Instead, it's better to skip the middleman (Google) and jump right to the experts (a unicorn team).

Welcome to our latest podcast episode featuring Conrad Cortes, a USMC veteran and author of "A Boot's Guide to Financial Basics." In this episode, we explore a range of financial topics, including checking and savings accounts, credit cards, buying vehicles, and avoiding high-interest rates as a young troop. As someone who witnessed the challenges of managing money as a young service member but was able to educate himself out of making too many bad decisions, Conrad offers valuable insights and practical advice for anyone looking to improve their financial literacy. From understanding the basics of credit scores to maximizing savings and avoiding debt, this episode covers a wealth of information that can help you achieve financial stability and success. Whether you're a service member or a civilian, this episode is a must-listen for anyone looking to take control of their finances and achieve their financial goals. So be sure to tune in and don't forget to subscribe to our channel for more informative and engaging content. Thanks for listening! In This Episode We Cover: What every service member should know about savings and checking accounts What NOT to do with vehicles! Credit Cards: What to look out for and how to best use them How your TSP can be used post service, even for those who don't do 20 years Battle Buddy Podcast Guest Links: Connect with Conrad: https://www.linkedin.com/in/conrad-cortes-3059aa9a/ Get the book: https://www.amazon.com/dp/B09TTFSQLP/ref=tsm_1_fb_lk IG: https://www.instagram.com/countin_crayolas/ Battle Buddy Podcast Links: https://linktr.ee/battlebuddypodcast --- Support this podcast: https://podcasters.spotify.com/pod/show/battlebuddy/support

In this episode, host Dr. Aaron Fritts interviews Dr. Elsie Koh about physician coaching and leadership training, including the difference between mentorship and coaching, how to break through common barriers, and how to empower yourself to realize your potential. --- CHECK OUT OUR SPONSORS Medtronic AV DCB https://www.medtronic.com/avdata Reflow Medical https://www.reflowmedical.com/ --- SHOW NOTES Dr. Elsie Koh is an interventional radiologist and founder of Lead Physician, a physician specific coaching company. She trained in coaching at the Proctor Gallagher Institute (PGI), the International Coaching Federation (ICF), and received an Executive Master in Healthcare Leadership at Brown University. After working for only two years out of fellowship, she became the medical director of a surgery center. She had no experience in leadership, and due to her own insecurity and modeling after what she had seen in her medical training, she failed at this position. She was given feedback at a work event, which changed the trajectory of her career. After this occurred, she began reading self-help and personal development books. She sought out the PGI institute, and ended up training in their program to become a coach. Through this difficult experience, she realized other physicians could benefit from this type of guidance. Next, Dr. Koh explains the difference between mentorship and coaching. Mentorship is having someone tell you what to do, or modeling a behavior or career path that you want to emulate. Coaching allows a person to discover more of themselves, become aware of their blind spots, and learn what makes them unique. We discuss some of the most common barriers she sees among physicians that prevent them from seeking out coaching. She believes many hesitate because they don't believe it will work for them. Many physicians simply don't know what coaching involves and what their goals should be. Sometimes cost is prohibitive, mostly due to the fact that people are not used to investing in themselves in this way. Many physicians lack the confidence to admit they don't know how to do something, such as start a company or be a successful leader. At Lead Physician, they have the advantage of only coaching physicians, which helps clients let their guard down, because they are around like-minded thinkers. Dr. Koh likes group coaching sessions because it allows people to build off each other's inspiration, and yields greater idea sharing than one-on-one sessions. --- RESOURCES Ep. 194: Financial Basics from the White Coat Investor https://www.backtable.com/shows/vi/podcasts/194/financial-basics-from-the-white-coat-investor BackTable Innovation Ep 27: Physician Underdog https://www.backtable.com/shows/innovation/podcasts/27/physician-underdog Contact Dr. Elsie Koh: info@drelsiekoh.com Lead Physician: https://www.leadphysician.org Elsie Koh TED Talk: https://www.youtube.com/watch?v=hX19-7VRRfI

In this episode of BackTable ENT, Dr. Julie Wei speaks with Marshall Gifford, an expert in financial physician well-being, about benefits of financial planning and financial tips for residents transitioning into independent practice. --- SHOW NOTES First, Gifford explains that the transition from residency to independent practice is a window of opportunity for earning compound interest, even for physicians with debt. He explains that investment will help physicians earn money from having money, so they can stop trading more hours for dollars. In his opinion, the benefit of financial advisors is to help people take action and engage in more complex financial discussions. He notes that blogs, like The White Coat Investor, can be helpful supplements to financial advising. Dr. Wei also inquires about the intersection of physician burnout and poor financial wellness. Gifford confirms that from his personal experience as an advisor, physicians who are financially stressed often feel stressed at work as well. He motivates graduating residents to save 20% of their paycheck, because the average debt for residents is $200-400k. Next, Gifford moves onto discussing common financial mistakes that physicians make; some physicians do not understand the economics of their decision, leading them to take out more loans than their salaries can sustain. Dr. Wei agrees that delayed gratification can be a challenging principle to practice, especially as trainees see their peers in non-medical careers prioritizing expenses other than paying off their debts. Gifford also shares financial pearls, such as setting up a system of automated saving from paychecks and consulting a financial advisor before big purchases, in order to prioritize expenses. He also recommends that physicians maximize their 401k, even if they have debt, and to enroll in life and disability coverage. He recognizes that finding the right financial advisor can be difficult, as many certifications for financial advising exist. However, he believes that experience of the individual matters more than certifications. He encourages physicians to have a general conversation about physician-related financial concerns, such as asset protection in lawsuits, with a potential financial advisor in order to assess knowledge and skill set. Additionally, Gifford touches on divorce and advises both parties to keep legal costs to a minimum and to consider prenuptial agreements. Finally, he lists four actions that residents can take now to establish financial wellness: understanding their debt, setting up an emergency fund, protecting their income, and maximizing their Roth IRA accounts. --- RESOURCES White Coat Investors Website https://www.whitecoatinvestor.com/ BackTable ENT Episode 53: Financial Basics from the White Coat Investors https://www.backtable.com/shows/ent/podcasts/53/financial-basics-from-the-white-coat-investor Real Life Financial Planning for the New Physician by Todd D. Bramson and Marshall W. Gifford https://www.amazon.com/Real-Life-Financial-Planning-Physician/dp/B09HJ3Y791/

In this conversation, we talk about the idea of "Communication vs Challenging in Relationships." Is it healthy or masculine?  Download the new app "Simplified U" in the Apple Store or Google Play 1) Podcast 2) Clothing store 3) Online Lessons (Self Love, Why We Do What We Do, Making Relationships Work, and Financial Basics) #communication #challenging #communicationvschallenginginrelationships #lifefulfillment #lifeahievement #fulfilledlife #asimplerlife #relationshipthursday #ronsimplifiedmyers #simplifieducommunity #simplifiedu #challengingrelationships #communicationinrelationships

In this conversation, we talk about the idea of "Achievement vs Fulfillment." Aren't they the same? Can you have one without the other? Download the new app "Simplified U" in the Apple Store or Google Play 1) Podcast 2) Clothing store 3) Online Lessons (Self Love, Why We Do What We Do, Making Relationships Work, and Financial Basics) #achievement #fulfillment #achievementvsfulfillment #lifefulfillment #lifeahievement #fulfilledlife #asimplerlife #relationshipthursday #ronsimplifiedmyers #simplifieducommunity #simplifiedu

In this episode, Brent and Chase discuss the education and fundamentals of investing and why long-term investing strategies work best over time. They also talk through topics like, price earnings (PE) ratio, book value, cash flow, dividend payout ratio, what to look out for on a company's balance sheet, inventory turnover, buying strategies, and more! 

In the latest installment of Entrepreneurial Attorney Nation, Richard James is joined by Annette Sonnenburg, President of Sonnenburg Consulting Inc. She has provided CFO consulting services, business consulting, and outsourced accounting and bookkeeping services for more than 20 years.Richard James and Annette outline exactly how you can end 2022, so that 2023 starts off right. This is THE guide to your law firm's end of year financial planning. By the end of this episode you will discover:The #1 key to setting yourself up for successThe deadly sin you need to avoidA framework for financial success for your small law firmTime Codes: 00:00 - Introduction from Richard James02:38 - Annette Sonnenburg Introduction 03:21 - Bonus Depreciation 05:33 - Simple IRAs/401Ks07:28 - Debt in a Small Business08:27 - Lifestyle15:51 - End of Year Planning/Review15:53 - Credit Card/Bank Statements24:38 - As Compared To:30:34 - Phone Room31:34 - Sales33:31 - People36:50 - Goals38:22 - Financial Budget50:57 - Owner's Benefit56:30 - Episode Conclusion

Three Things You Need To Know | Financial Basics Every age division is having its separate issues. Here's a short list: Employment no longer lasts a lifetime The sandwich generation faces the largest risk of all Current retirees don't have time to ride out storms. This Northwestern Mutual report tells us that Gen-Z is on the ball: https://news.northwesternmutual.com/planning-and-progress-study-2022 Even before that, there are PRINCIPLES that every age division needs to know. Intuition behind formulas is more important that solving equations Avoid behavioral biases which exist in all of us We can think that we are certain, but what if we are wrong? You need to stay open-minded

In this conversation, we talk about the idea that "A Man With Money Will Cheat." More important, is the belief that you should be okay with that. Download the new app "Simplified U" in the Apple Store or Google Play 1) Podcast 2) Clothing store 3) Online Lessons (Self Love, Why We Do What We Do, Making Relationships Work, and Financial Basics) #amanwithmoneywillcheat #cheating #cheater #highvaluemen #highvalueman #highvaluewomen #highvalue #integrityandcharacter #integrity #character #asimplerlife #relationshipthursday #ronsimplifiedmyers #simplifieducommunity #simplifiedu #cheating #mendontcheat #cheatingmen #mencheat

In this conversation, we talk about "A Special Woman." What makes you different? Why should he pick you? Download the new app "Simplified U" in the Apple Store or Google Play 1) Podcast 2) Clothing store 3) Online Lessons (Self Love, Why We Do What We Do, Making Relationships Work, and Financial Basics) #amanwithmoneywillcheat #cheating #cheater #highvaluemen #highvalueman #highvaluewomen #highvalue #integrityandcharacter #integrity #character #asimplerlife #relationshipthursday #ronsimplifiedmyers #simplifieducommunity #simplifiedu #cheating #mendontcheat #cheatingmen #mencheat

Whoa girls, who knew money would be such a BIG subject later on?! That's why Lauren and I are here to help give you a heads up! We have had our share of mistakes and lessons.. for sure! Let us be real and help you thrive in this area, as the saying goes; "Money doesn't grow on trees!" You got that right sister! And it definitely doesn't come easy at times and let's be real being a simple human is expensive! Haha! Some even go from living with mom and dad without a mortgage, utilities, car payment to boop having the whole sha bang to be responsible for. Oh and did I mention groceries and gas? Hopefully you will have a smoother transition than what we explained, but in case you won't or didn't and need some help, listen in! Having a budget based on your income and bills is the starting point and updating continually is essential. As a teen it's important to understand your expectations of living and how you see your future in terms of how much it will cost you. For example, do you see yourself wanting to take a trip a year? Do you hope to live in a big spacious house with children? Do you want to stay home with your children and be a stay at home mama? What are your mindsets on money? How were you raised? How much money do you feel you'd like to live comfortably? How do you view $ in light of your emotions? How do you feel this may influence your decisions for good or bad? Are you a spender or saver? Our Favorite Finance Books are: Dave Ramsey "Financial Peace." Hal Eker "The Millionaire Mind" Robert T. Kiyosaki "Rich Dad, Poor Dad for Teens" Napolean Hill "Think and Grow Rich." Luke 16:11 1 Timothy 6:17 Proverbs 13:11 --- Support this podcast: https://podcasters.spotify.com/pod/show/unshackledinchrist/support

My guest for this episode is Melisa Galasso. Melisa is the founder and CEO of Galasso Learning Solutions LLC. A Certified Public Accountant (CPA with nearly 20 years of experience in the accounting profession, Melisa designs and facilitates courses in advanced technical accounting and auditing topics, including not-for-profit and governmental accounting. Melisa is a Certified Speaking Professional (CSP), a Certified Professional in Talent Development (CPTD), and has earned the Association for Talent Development Master Trainer™ designation. Within the industry, Melisa serves on the Financial Accounting Standards Board's (FASB) Not-for-Profit Advisory Committee, the American Institute of CPAs (AICPA)'s Council, and is the Chair of the Girl's on the Run Greater Charlotte Advisory Council.   She previously served on the AICPA's Technical Issues Committee and the Virginia Society of CPA's Board of Directors and is a past Chair of the North Carolina Association of CPA's Accounting and Auditing Committee. Melisa is the author of Money Matters for Nonprofits: How Board Members Can Harness the Power of Financial Statements by Understanding Basic Accounting.   Here's what to expect during the episode: Why is financial management important for a nonprofit organization? What is the role of technical accounting? Why should nonprofit leaders learn basic financial management? What are the basic financial reports that a board member should understand? What is the difference between an accrual basis and a cash basis?   Connect with Melisa Galasso! Websites: https://galassolearningsolutions.com/  |  https://moneymattersfornonprofits.com/ LinkedIn: https://www.linkedin.com/in/melisagalasso/ Facebook: https://www.facebook.com/GalassoLearningSolutions/   Go to https://hilandconsulting.org/boardorientationchecklist to get your free Effective Board Orientation Checklist.   Mary's book is available on Amazon or wherever books are sold: Love Your Board! The Executive Directors' Guide to Discovering the Sources of Nonprofit Board Troubles and What to Do About Them.   Be sure to subscribe to Inspired Nonprofit Leadership so that you don't miss a single episode, and while you're at it, won't you take a moment to write a short review and rate our show? It would be greatly appreciated!     Let us know the topics or questions you would like to hear about in a future episode. You can do that, and follow us, on Facebook.   Connect with Mary! LinkedIn: https://www.linkedin.com/in/maryhiland Inspired Nonprofit Leadership Facebook Group: https://tinyurl.com/inspirednonprofitleadership Company Facebook: https://www.facebook.com/hilandconsulting Website: https://www.hilandconsulting.org  

Every successful entrepreneur has a financial plan. But this doesn't need to be as complicated as a 60 page notebook or huge blueprint. In this episode we break down our 3 step financial basics that led us to massive success in real estate and other investments. Visit expertownership.com to transform your business, through our world-class coaches. If you want to learn more about what Christian Healthcare Ministries has to offer, download CHM's free information packet today! https://hubs.la/Q01jx9Pz0 Follow us on Socials: Instagram - https://www.instagram.com/expertownership/ Twitter - https://twitter.com/expertownership

In this episode, we address the topic of "Get Rid of The Old Relationship Before Starting A New One." Would you want to be in a relationship with someone that is still hoping to be with someone else? Are you ok with being the second choice? Download the new app "Simplified U" in the Apple Store or Google Play 1) Podcast 2) Clothing store 3) Online Lessons (Self Love, Why We Do What We Do, Making Relationships Work, and Financial Basics)  #relationshipproblems #sixhumanneeds #ronsimplifiedmyers #simplifieducommunity #simplifiedu #asimplerlife #getridoftheoldrelationshipbeforestartinganewone #getridofoldrelationship #startinganewrelationship #closedooronoldrelationship 

In this episode, we address the topic of "My Partner Is My Problem." If you get rid of this partner and start from scratch, everything will be alright. Is this true? In this episode, we address the #1 problem in relationships. Download the new app "Simplified U" in the Apple Store or Google Play 1) Podcast 2) Clothing store 3) Online Lessons (Self Love, Why We Do What We Do, Making Relationships Work, and Financial Basics)  #relationshipproblems #sixhumanneeds #ronsimplifiedmyers #simplifieducommunity #simplifiedu #asimplerlife #mypartnerismyproblem #partnerproblems #myproblemismypartner

In this episode, we address the topic of "Girlfriend Threatened Me With A Knife." How do you respond to this type of behavior? Do you stay and work through it? Do you run for safety? Download the new app "Simplified U" in the Apple Store or Google Play 1) Podcast 2) Clothing store 3) Online Lessons (Self Love, Why We Do What We Do, Making Relationships Work, and Financial Basics)  #relationshipproblems #sixhumanneeds #ronsimplifiedmyers #simplifieducommunity #simplifiedu #asimplerlife #girlfriendthreatenedmewithaknife #threats #pysicalabuse #mentalabuse

In this episode, we address the topic of "Slept With 50 Men Would You Date Me?" Would you consider yourself to be a "High-Value" woman? Should your body count matter? Download the new app "Simplified U" in the Apple Store or Google Play 1) Podcast 2) Clothing store 3) Online Lessons (Self Love, Why We Do What We Do, Making Relationships Work, and Financial Basics)  #relationshipproblems #relationshiptrauma #sixhumanneeds #ronsimplifiedmyers #simplifieducommunity #simplifiedu #asimplerlife #sleptwith50menwouldyoudateme #sleptwith50men #highvaluewoman #highvalueman

In this episode, we address the topic of "She's Wealthy I Am Not Enough." Are you determining your value based on money? Should you ever put anyone on a pedestal? Download the new app "Simplified U" in the Apple Store or Google Play 1) Podcast 2) Clothing store 3) Online Lessons (Self Love, Why We Do What We Do, Making Relationships Work, and Financial Basics)  #relationshipproblems #relationshiptrauma #sixhumanneeds #ronsimplifiedmyers #simplifieducommunity #simplifiedu #asimplerlife #sheswealthy #iamnotenough #iamenough #iamworthy #sheswealthyiamnotenough

Lorene Roberts speaks  to this week's inspirational woman Juliann Gumulak-Smith in Wow Love Light Inspire Podcast as our guest, Juliann, talks about her personal journey of transitioning mid-life from science to her passion of finances, her financial journey and she shares with us about personal finance, the importance of financial basics and learning investment which isn't taught to us at school.Personal financing is something we should all learn and do. It can be hard to save especially when for some earnings only cover making ends meet. Where and how do we start a secure financial foundation? Juliann knew there had to be a better way so she came up with a program that is accessible and approachable to all. Timestamps:4:54 - Why I started the Investment Academy for Women.7:42 - Knowing where your money is.29:57 - Why spending some for yourself despite saving is okay.Quotes:“The amount of stress people go through just not having that little bit of safety net… It almost feels like torture, when you don't have that little bit of savings.”“Just assessing where you are right now, helps you with the future.”“You need to have a balanced life. You do need to be able to go out and do things but you just have to readjust things to suit the budget. “About the Guest:Juliann Gumulak-Smith empowers women to take a more active role in their financial life. Founder of the Investment Academy for Women, she combines her love of investing, technical analysis, and life coaching to make investing simple and strategic. The 5-pillar approach she uses to teach about personal finance and the stock market makes it accessible to everyone and approachable through education, mindset, technical analysis, resources, and community.Connect with Juliann Gumulak-Smith:Facebook:https://www.facebook.com/Life-Coaching-with-Juliann-Gumulak-Smith-111155347110383 Website: https://www.investmentacademyforwomen.com/ I have a free pdf file called 5 Steps to Build a Strong Financial Foundation to accompany the podcast and it can be found on my website. https://www.investmentacademyforwomen.com Connect with Lorene Roberts:Facebook Page: https://www.facebook.com/lovelightandinspire  Facebook Community: https://www.facebook.com/lovelightandinspire/groups  Instagram: https://www.instagram.com/loreneanneroberts/  Website: https://lovelightinspire.com/  Get a copy of my book, Crazy Stupid Love – Unlocking Life's Lessons, which is available for Kindle from Amazon.  https://www.amazon.com.au/Crazy-Stupid-Love-unlocking-lessons-ebook/dp/B00P91XFUW  If you want more content like this and to help support this podcast, you can Buy Me a Coffee by clicking the link below:https://www.buymeacoffee.com/wowlli?fbclid=IwAR1hch2v3XJ08zqmjuPled28N73L4WNYBiGmg6qbGuHaGimcv7N3_IXuy4c 

In this episode, we address the topic of "I Will Let You Know When I Am Ready." Do you sit back and wait for someone to get their life together? Should you ever put your life on hold? or Should you immediately start dating? Download the new app "Simplified U" in the Apple Store or Google Play 1) Podcast 2) Clothing store 3) Online Lessons (Self Love, Why We Do What We Do, Making Relationships Work, and Financial Basics)  #relationshipproblems #relationshiptrauma #sixhumanneeds #ronsimplifiedmyers #simplifieducommunity #simplifiedu #asimplerlife #arewomenintimidating #wheniamreadyiwillletyouknow #intimidation #iwillletyouknowwheniamready #successfulrelationshipwithoutimidation

In this episode, we address the topic of "I Will Let You Know When I Am Ready." Do you sit back and wait for someone to get their life together? Should you ever put your life on hold? or Should you immediately start dating? Download the new app "Simplified U" in the Apple Store or Google Play 1) Podcast 2) Clothing store 3) Online Lessons (Self Love, Why We Do What We Do, Making Relationships Work, and Financial Basics)  #relationshipproblems #relationshiptrauma #sixhumanneeds #ronsimplifiedmyers #simplifieducommunity #simplifiedu #asimplerlife #arewomenintimidating #wheniamreadyiwillletyouknow #intimidation #iwillletyouknowwheniamready #successfulrelationshipwithoutimidation

In this episode, we address the topic of "Successful Relationships Without Intimidation." What personality creates a successful relationship? Is it true that men are intimidated by women? What is the benefit of having anyone intimidated by you? Download the new app "Simplified U" in the Apple Store or Google Play 1) Podcast 2) Clothing store 3) Online Lessons (Self Love, Why We Do What We Do, Making Relationships Work, and Financial Basics)  #relationshipproblems #relationshiptrauma #sixhumanneeds #ronsimplifiedmyers #simplifieducommunity #simplifiedu #asimplerlife #arewomenintimidating #aremenintimidatedbywomen #intimidation #menareintimidatedbyme #successfulrelationshipwithoutimidation

In this episode, we address the topic of "Men Are Intimidated By Me." Is it true that men are intimidated by women? What is the benefit of having anyone intimidated by you? Download the new app "Simplified U" in the Apple Store or Google Play 1) Podcast 2) Clothing store 3) Online Lessons (Self Love, Why We Do What We Do, Making Relationships Work, and Financial Basics)  #relationshipproblems #relationshiptrauma #sixhumanneeds #ronsimplifiedmyers #simplifieducommunity #simplifiedu #asimplerlife #arewomenintimidating #aremenintimidatedbywomen #intimidation #menareintimidatedbyme

In this episode, we address the topic of "Left Over Women After Age 35." Is it true that men believe women over 35 are leftovers? What is the real issue? Download the new app "Simplified U" in the Apple Store or Google Play 1) Podcast 2) Clothing store 3) Online Lessons (Self Love, Why We Do What We Do, Making Relationships Work, and Financial Basics)  #relationshipproblems #relationshiptrauma #sixhumanneeds #ronsimplifiedmyers #simplifieducommunity #simplifiedu #asimplerlife #theenemyoflearning #runyourlifedependsonit #leftoverwomenafterage35 #leftoverwomen 

In this episode, we address the topic of "Run - Your Life Depends on It." He says that he loves me. He would never do anything to harm me. Those are words. Actions are telling you a different story. Download the new app "Simplified U" in the Apple Store or Google Play 1) Podcast 2) Clothing store 3) Online Lessons (Self Love, Why We Do What We Do, Making Relationships Work, and Financial Basics)  #relationshipproblems #relationshiptrauma #sixhumanneeds #ronsimplifiedmyers #simplifieducommunity #simplifiedu #asimplerlife #theenemyoflearning #runyourlifedependsonit #mentalabuse #physicalabuse

Special guest The White Coat Investor James M. Dahle talks with Christopher Beck about where physicians can start when it comes to financial literacy, including common financial mistakes docs make when start practicing, a primer on mortgage rates, and tips on insurance. --- CHECK OUT OUR SPONSOR DI4MDs Protect your most valuable asset, the skill and ability to practice your medical specialty. Be prepared by establishing a specialty specific disability insurance policy from the experts at DI4MDs. Contact them today at www.Di4MDS.com or call 888-934-4637. --- SHOW NOTES In this episode, White Coat Investor founder Dr. James Dahle and our host Dr. Chris Beck discuss strategies for physicians seeking to manage their personal finances and gain financial freedom. First, Dr. Dahle explains the reasoning behind the famous quote, “live like a resident.” He explains that for an early career physician, their greatest wealth-building tool is their income. The income jump from residency to attending years can be extremely useful for quickly paying off student loans. Then, he moves on to discuss another way to resolve student debt, the Public Service Loan Forgiveness (PSLF) program. This option is ideal for physicians who have spent a significant amount of time working for a nonprofit institution (for example, during training and in academic medicine). Dr. Dahle advises all physicians to reflect on their priorities when deciding where to allocate their assets. Possible categories could include retirement funds, 529 college savings funds, payment of high-interest debt, and emergency funds. We talk about the power of having a written plan to stay on track with financial goals and prevent ourselves from making rash decisions. Next, we discuss different financial vehicles that can provide benefits for physicians. The “back door Roth IRA” strategy allows for yearly contributions to a tax-free retirement fund, even when a physician's income exceeds the maximum limit for the conventional Roth IRA. Additionally, the funds in a Health Savings Account (HSA) can be used for investment, and then withdrawn at a later date, penalty-free. Dr. Dahle explains the difference between fixed rate and variable rate mortgages, noting that the latter is better for short-term loans because interest rates are unlikely to dramatically increase from year to year. Finally, Dr. Dahle covers the advantages of buying disability insurance as a way to protect physician income, especially for those working in procedural specialties. --- RESOURCES White Coat Investor: https://www.whitecoatinvestor.com/ White Coat Investor Podcast: https://www.whitecoatinvestor.com/wci-podcast/ White Coat Investor Email: editor@whitecoatinvestor.com Passive Income MD: https://passiveincomemd.com/ Physician on FIRE: https://www.physicianonfire.com/

Special guest The White Coat Investor James M. Dahle talks with Christopher Beck about where physicians can start when it comes to financial literacy, including common financial mistakes docs make when start practicing, a primer on mortgage rates, and tips on insurance. --- CHECK OUT OUR SPONSOR DI4MDs Protect your most valuable asset, the skill and ability to practice your medical specialty. Be prepared by establishing a specialty specific disability insurance policy from the experts at DI4MDS. Contact them today at www.Di4MDS.com or call 888-934-4637 --- SHOW NOTES In this episode, White Coat Investor founder Dr. James Dahle and our host Dr. Chris Beck discuss strategies for physicians seeking to manage their personal finances and gain financial freedom. First, Dr. Dahle explains the reasoning behind the famous quote, “live like a resident.” He explains that for an early career physician, their greatest wealth-building tool is their income. The income jump from residency to attending years can be extremely useful for quickly paying off student loans. Then, he moves on to discuss another way to resolve student debt, the Public Service Loan Forgiveness (PSLF) program. This option is ideal for physicians who have spent a significant amount of time working for a nonprofit institution (for example, during training and in academic medicine). Dr. Dahle advises all physicians to reflect on their priorities when deciding where to allocate their assets. Possible categories could include retirement funds, 529 college savings funds, payment of high-interest debt, and emergency funds. We talk about the power of having a written plan to stay on track with financial goals and prevent ourselves from making rash decisions. Next, we discuss different financial vehicles that can provide benefits for physicians. The “back door Roth IRA” strategy allows for yearly contributions to a tax-free retirement fund, even when a physician's income exceeds the maximum limit for the conventional Roth IRA. Additionally, the funds in a Health Savings Account (HSA) can be used for investment, and then withdrawn at a later date, penalty-free. Dr. Dahle explains the difference between fixed rate and variable rate mortgages, noting that the latter is better for short-term loans because interest rates are unlikely to dramatically increase from year to year. Finally, Dr. Dahle covers the advantages of buying disability insurance as a way to protect physician income, especially for those working in procedural specialties. --- RESOURCES White Coat Investor: https://www.whitecoatinvestor.com/ White Coat Investor Podcast: https://www.whitecoatinvestor.com/wci-podcast/ White Coat Investor Email: editor@whitecoatinvestor.com Passive Income MD: https://passiveincomemd.com/ Physician on FIRE: https://www.physicianonfire.com/

Special guest The White Coat Investor James M. Dahle talks with Christopher Beck about where physicians can start when it comes to financial literacy, including common financial mistakes docs make when start practicing, a primer on mortgage rates, and tips on insurance. --- CHECK OUT OUR SPONSOR DI4MDs Protect your most valuable asset, the skill and ability to practice your medical specialty. Be prepared by establishing a specialty specific disability insurance policy from the experts at DI4MDS. Contact them today at www.Di4MDS.com or call 888-934-4637 --- SHOW NOTES In this episode, White Coat Investor founder Dr. James Dahle and our host Dr. Chris Beck discuss strategies for physicians seeking to manage their personal finances and gain financial freedom. First, Dr. Dahle explains the reasoning behind the famous quote, “live like a resident.” He explains that for an early career physician, their greatest wealth-building tool is their income. The income jump from residency to attending years can be extremely useful for quickly paying off student loans. Then, he moves on to discuss another way to resolve student debt, the Public Service Loan Forgiveness (PSLF) program. This option is ideal for physicians who have spent a significant amount of time working for a nonprofit institution (for example, during training and in academic medicine). Dr. Dahle advises all physicians to reflect on their priorities when deciding where to allocate their assets. Possible categories could include retirement funds, 529 college savings funds, payment of high-interest debt, and emergency funds. We talk about the power of having a written plan to stay on track with financial goals and prevent ourselves from making rash decisions. Next, we discuss different financial vehicles that can provide benefits for physicians. The “back door Roth IRA” strategy allows for yearly contributions to a tax-free retirement fund, even when a physician's income exceeds the maximum limit for the conventional Roth IRA. Additionally, the funds in a Health Savings Account (HSA) can be used for investment, and then withdrawn at a later date, penalty-free. Dr. Dahle explains the difference between fixed rate and variable rate mortgages, noting that the latter is better for short-term loans because interest rates are unlikely to dramatically increase from year to year. Finally, Dr. Dahle covers the advantages of buying disability insurance as a way to protect physician income, especially for those working in procedural specialties. --- RESOURCES White Coat Investor: https://www.whitecoatinvestor.com/ White Coat Investor Podcast: https://www.whitecoatinvestor.com/wci-podcast/ White Coat Investor Email: editor@whitecoatinvestor.com Passive Income MD: https://passiveincomemd.com/ Physician on FIRE: https://www.physicianonfire.com/

Many musicians are their own employers, to a small extent if not entirely, making a significant of their portion from freelance gigs.  While the vast majority of them are great at their instruments, making good decisions with finances isn't a strength for everyone.  Samantha Absher of WTF is a Budget (and past cameo guest on an early episode about Terms for Theatre Musicians) is here to discuss some good easy-to-follow advice on savings, budgeting, debt reduction, renting vs buying a home, and more.  Life In the Pit listeners can get 30% off her online Financial Success Basics course by visiting https://www.wtfisabudget.com and using the coupon code: lifeinthepit .   This episode is sponsored by Fons, an online platform that helps private teachers of all types (music, yoga, martial arts, academic tutoring, coaches, etc) with smooth, automated assistance such as securing timely automatic payments and scheduling.  Click here for more information or to begin your free trial. Follow the podcast on Instagram, Facebook, or Twitter @LifeInThePitPod.  Feel free to subscribe to our YouTube Channel. Visit www.lifeinthepitpod.com for more info or to send feedback regarding the podcast.  Donations are also gratefully accepted.  Please leave a rating and a review on your podcast app.  Thank you for listening.  

In this episode, Cami asks Michelle some common financial questions that people have. Michelle discusses many topics such as credit cards, tackling debt, budgeting, investing and more. Michelle is skilled at getting out of debt and beginning to build wealth, so this a great episode for those interested in such topics. Feel free to send us an email with any questions or comments to adifferenceforone@gmail.com --- This episode is sponsored by · Anchor: The easiest way to make a podcast. https://anchor.fm/app Support this podcast: https://anchor.fm/adifferenceforone/support