Money Meets Medicine Podcast
MMM #4: Where’s The Car, Dude?
Have you ever spent intentional time figuring out what your ideal day, week, or year might look like? It might surprise you that an abstract concept like life planning is fundamental to creating an accurate financial plan. In fact, if you don’t do some life planning, I’d argue that it is impossible to have a successful financial plan.
What You’ll Learn from Where’s The Car, Dude?
This show is all about connecting an abstract concept (creating your ideal life through life planning) to a very concrete task (creating a great financial plan). Most people wander aimlessly when it comes to creating a financial plan, here are some things you can expect to learn in order to find your financial way:
- You may think that you know what you want in life, but we will show you that’s not true.
- How to prevent entitlement in your kids when paying for college, and if you should pay for their education at all!
- Formalized processes and tools to help you design your ideal life including the airport test, the ideal day/week/year test, and the 3 Kinder Questions.
- How to connect that ideal life plan to concrete financial tasks.
- Multiple concrete exercises to create your life plan.
Resources from the Where’s The Car Dude Episode:
Check out the resources mentioned in this episode:
- Designing an Intentional Life Plan with the 3 Kinder Questions
- The Hell Yes Policy
- Free Life Planning Tools from Life Planning for You
- Pat Flynn’s Book Will It Fly (where he discusses the Airport Test)
- Information about how to choose the right 529 plan.
- How to teach your kids about money.
This Episode’s Sponsor
This episode’s sponsor is Larry Keller from Physician Financial Services. If you are in the need for life or disability insurance, don’t hesitate to call Larry. Multiple readers and friends have used Larry, and I’ve never heard a single complaint. I’d recommend him to you highly, and without reservation!
You can find Larry at the Physician Financial Services website; call his cell phone at (516) 677-6211. Or, you can reach him by email at [email protected].
Listener Question of the Week:
Today’s listener question is from an anonymous source, but it’s a great question:
“Should I pay for my children’s education completely if I could? Or is there a middle way of supporting them in a way that would not financially cripple them but does not make them entitled either.”
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]
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…
Do you want to know how to live your ideal life as a physician? Personal finance can help you. And so can this episode of Money Meets Medicine.
Have you found your dream house yet? Is that even a thing? That’s what we discuss in this episode of Money Meets Medicine.
Do you want financial freedom? Are you willing to wait 15-30 years? If not, come learn how to get to financial independence sooner through a physician side gig.