Money Meets Medicine Podcast
MMM #46: We Are in a Pandemic; Do You Have Your Financial House in Order?
What You’ll Learn:
In today’s episode of Money Meets Medicine, “We Are in a Pandemic, Do you Have Your Financial House in Order?,” you’re going to learn…
- All about why you need an estate plan.
- How to develop an estate plan.
- What to do if you want to donate to charity.
- How to make sure your kids are going to be okay!
- And more!
Quotes To Remember
“Estate planning is still extremely important, because if you’ve got other things like kids, that’s worth way more than any amount of money you’re ever going to make tenfold.”
“You might want somebody to have guardianship over your children, but you might not want that person to manage your finances. It doesn’t have to be the same person, which is interesting.”
“A will, at its most simple form is just a legal document that states your financial and your medical wishes. It’s going to ensure that that property that you have or personal effects or your medical status, it’s basically all cared for in a matter of your choosing.”
“A trust is an enforceable document that you’re crafting while you’re alive, that can, one, it can help reduce estate taxes, which we talked about is likely not the case, but it could plan for the care of your children.”
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
Subscribe in Your Podcast Player:
If you love the show – and want to provide a 5-star review – please go to your podcast player of choice and help other listeners find the Money Meets Medicine Podcast, too! If you think that our podcast is terrible, send me an email and I will
throw your email into the trash consider your constructive criticism to improve the show.
Seriously, though, go leave a review. It helps others find the Money Meets Medicine podcast, too.
You might also be interested in…
Markets go up and they go down, but when will the next market crash happen? And what should you do when it does? Because… it isn’t “if” but “when”… that’s what this show is all about.
Over 50% of doctors switch jobs in 2-5 years after signing a contract. Yet, this is one of the most common times to see financial mistakes. Tag along as we discuss them (so that you can avoid them in the future yourself).
Debt is a major theme in many of our lives for such a long time, that we often don’t know what to do when it is finally gone. Whether you are on the way to paying off debt, or debt free… this episode is for you.