Money Meets Medicine Podcast

MMM #47: Biggest Financial Mistakes You Could Make

A lot of people get nervous when it comes to money. It can be so easy to make a huge money mistake and wreck your finances. However, it’s also super easy to avoid some of the biggest financial mistakes all together. Keep on reading so you can learn what the biggest financial mistakes are and how to avoid them.

What You’ll Learn:

In today’s episode of Money Meets Medicine, “Biggest FInancial Mistakes You Could Make,” you’re going to learn…

  • What the ten biggest financial mistakes are!
  • How your marriage effects your money.
  • Why the wrong financial planner can mess with your finances in a bad way.
  • Why you probably shouldn’t be okay with so many monthly payments.
  • And more!

Quotes To Remember 

“Not every divorce can be prevented. So we don’t want to lead you to believe that that’s the case. But that said, I will throw the idea out there that one of the most important investments you can make is in your marriage.“

“The, “I can afford it because it’s a monthly payment. And I can afford that monthly payment, therefore I can afford it” is the wrong mindset to have.”

“Please do the math, understand it. If you don’t, start reading up on it, find a good knowledgeable source to start reading up on real estate. Don’t buy the doctor McMansion right out. And please, whatever you do, do not buy the most expensive home in an area that honestly can’t support that.”

“Either you have debt and you have no plan to get out of debt or you’re trying, but you keep failing miserably because you won’t actually address the issues and the problems… And so you’re not saving cash. You’re not saving in your investments. 

This Episode’s Sponsor

Shopping for disability insurance is complicated enough. Wondering if you are getting the best prices and discounts can make the process even more overwhelming. This is where Pattern can help!  Recently, Principal Financial announced that their unisex discount is being eliminated at the end of 2020. This means the best pricing for most female physicians will disappear December 31st. Female doctors need to request their free quotes today to potentially save 50% or more. 

You can be confident you have the right policy at the best price possible when you request your disability insurance quotes with Pattern at thephysicianphilosopher.com/PatternInsurance  

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