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Money Meets Medicine Podcast

MMM #32: 10 Things You Must Do for Financial Success

Do you have any idea what you’re doing with money? If you’ve been here for a while, you might have a good guess. But if you’re not sure yet, you’re in the right place. Listen in to figure out the ten things you MUST DO to set yourself up for financial success.

What You’ll Learn:

In this epsiode of Money Meets Medicine, 10 Things You Must Do for Financial Success, you’re going to learn:

  • How to figure out your big life goals. 
  • Avoiding life style inflation with the 10% rule. 
  • Why you need an emergency fund (obviously).
  • All the odds and ends of creating an investing plan. 
  • The fun about taxes! 
  • And more! 

Resources from the Episode:

10 Financial Tips for New Attending Physicians

6 Reasons Index Funds Remain King

The Top 10 Things Doctors Need to Know About Disability Insurance

This Episode’s Sponsor

This show is brought to you by Lawrence Keller at Physician Financial Services. Larry has spent the last thirty years providing disability insurance and term life insurance to residents, fellows and attendings. 

With all that experience, Larry has been a “go-to” resource for both of us when it comes to all things insurance. He is a trustworthy, dependable, and truly independent insurance agent that will help you find the best policies, including any applicable discounts, to meet your individual needs, goals and budget. You can find him here: thephysicianphilosopher.com/pfs

Listener Question of the Week:

You can find the question of the week in the MMM google drive folder for the episode once we start getting these.  We will simply copy and paste the question verbatum from the show sheet, and then you can copy and paste the answer from the transcript.  

Each episode, we are going to start including listener questions as they are provided to us.  So, if you have a specific question you’d like answered on the podcast reach out to us!  Email [email protected] or [email protected]

TPP

4 Comments

  1. PrudentPlasticSurgeon

    Just listened to the podcast on the way to work. Great advice!

    Agree completely with have #1 be establishing your goals and being intentional. Your big goals are what push you through the bumps In the road.

    Quick question, I still have credit card debt (one of my many big mistakes before my financial education). I have been establishing my emergency fund while also paying off that debt. Should I pause the emergency fund for now (my job and pay is very stable) until the credit debt is paid as you suggest in the podcast?

    Also, I probably need to increase my cheesecake allocation ??

    Thanks!

    Reply
    • ThePhysicianPhilosopher

      ? assuming your credit card is >10% interest… You should absolutely pay that off before an emergency fund

      Reply
  2. Stephen

    Such a great episode! You know we anesthesiologists love lists. And we simple people love cheat sheets. And most importantly…cheesecake.

    Trying to solidify every item on this list in our life. Thank you gents for your continual guidance and making us laugh along the way!

    Reply
    • ThePhysicianPhilosopher

      Who doesn’t love cheesecake? You aren’t human if you don’t like cheesecake!

      Reply

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