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]



  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 ??


    • ThePhysicianPhilosopher

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

  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!

    • ThePhysicianPhilosopher

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


Submit a Comment

Your email address will not be published. Required fields are marked *

You might also be interested in…

Greed, FOMO, and Bad Investments

Greed, FOMO, and Bad Investments

Despite our best intentions, certain emotions can keep us from building wealth. After many years arming physicians with the information they need to achieve financial wellness, I had a significant realization.

Information is one thing – behavior is another.

As the saying goes, money is 80% behavior and only 20% math.

Not only do I want to share important information about personal finance, I also want to help you recognize how certain behaviors can (and do) affect your finances.

Drawing from one of the classic books about investing, let’s go over five common behaviors that could be keeping you from achieving your financial goals.

How Doctors Can Get Good Financial Advice

How Doctors Can Get Good Financial Advice

Many doctors and high-income professionals hire financial advisors for any number of reasons. Either they’re too busy to handle their finances themselves, they don’t really know how to invest, or they want an expert on their side to make sure they’re on the right track.

So allow me to say from the start: I’m not against financial advisors, but I am against doctors (or anyone, really) being overcharged for bad advice.

There’s no shame in asking for help – you just want to get the help you need at a fair price.

You should be equipped enough to vet and evaluate your financial advisor so you’ll know whether they’re working well on your behalf. How can you be as confident as possible they’re acting in your best interest? This episode will help you find out.

Dr. Peter Kim and Physician Entrepreneurship

Dr. Peter Kim and Physician Entrepreneurship

Have you ever thought about using real estate to reach financial independence, but you didn’t want to be a landlord?

Recently I sat down with one of my good friends and one of the OG partners of The Physician Philosopher. He’s an anesthesiologist, husband, father, entrepreneur, as well as a real estate and physician side gig guru – of course, I’m talking about Dr. Peter Kim.

One of the interesting things about Peter’s story is his transition from full-time practice as an OB anesthesiologist to stepping away from medicine and going part-time, to now his being on sabbatical. He’s not sure if that’s a permanent sabbatical or not, so we got to explore his thought process on that and his story.

So let’s dive into this discussion with Dr. Peter Kim and the intersection of all things entrepreneurship, side gigs, medicine, money, and real estate.

Need help getting disability insurance or student loan help from a company built by doctors, for doctors? Make sure to check out HelloAttend.com

Are you ready to live a life you love?