Money Meets Medicine Podcast
MMM #21: Why Cash Flow is King, Queen, and Jester of the Courts
Don’t forget to sign up for the FREE webinar where you can also snag a FREE copy of The Physician Philosopher’s Guide to Personal Finance. The webinar is called “The 3 Myths to Finding Financial Freedom: How to build a Cash Flow Plan that achieves your financial goals without a detailed line-by-line budget or the guilty spending!” There are four available dates to sign up! Click here for more information.
If there is one thing in personal finance that is more important than any other it is cash flow. It is more important than paying down debt, investing for your future, or giving to charity. You want to know why? Because you cannot do any of those things without cash flow. Come listen to this episode if you want to learn how to find the cash flow you need to pay down your debt, invest efficiently for your goals, and find the financial freedom every doctor deserves!
What You’ll Learn
In today’s episode of Money Meets Medicine, “Why Cash Flow is King, Queen, and Jester of the Courts,” you’ll learn:
- All about my new course and why you should sign up now!
- All of the things you can’t do without cash flow.
- Your lack of financial knowledge is not your fault! But it’s not too late to learn.
- The concept of Earn, Save, Build
- And more!
Quotes to Remember:
“50% of doctors who earn millions of dollars during their career can’t retire at the age of 65 and maintain their lifestyle.”
“Unfortunately, physicians are not trained in finance!… It’s not your fault!… You were never trained to be good with money.”
“You need to earn a good paycheck, you need to spend less money than you earn so that you can save the difference and put that towards your financial goals, and build wealth.”
“If you’re actually paying attention to your money, there’s a higher probability of success.”
Resources from the Episode:
This Episode’s Sponsor
This episode was brought to you by Medical Degree to Financially Free. To find out more information through my affiliate link at financialresidency.com/MDFree which will bring you to Medical Degree to Financially Free. Doors close June 10th!
Listener Question of the Week:
Today’s listener question comes from Jordan Fennema
What is your take on investing in individual stocks vs the classically taught index fund strategy, particularly in this rapidly declining market? A lot of people seem to be going against traditional advice because this is a “unique situation” and “normal principles of investing don’t apply right now”. Not sure if they’re wrong or if there really is some benefit to be had jumping out of the index funds.
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]
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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.
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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.
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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.
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