Money Meets Medicine Podcast
MMM #8: How Blogs and Podcasts Make Money
Have you ever considered starting a side gig in blogging or podcasting? Maybe you are just an avid consumer of these two media types. Either way, it is useful for you to understand how blogs and podcasts make money. This way, you will understand the conflicts of interest that exist and be a smart consumer of these media products.
What You’ll Learn from How Blogs and Podcasts Earn Money
In this episode, you will learn about how bloggers and podcasters make money and how this may (or may not) impact how you consume information and act on the advice offered on these platforms.
- What I view as my number 1 job as a blogger, podcaster, and educator.
- How blogs and podcasts make money through affiliate marketing links that you often click on.
- What a masked link is on the internet.
- How refinancing your student loans through The Physician Philosopher offers you a cashback deal you wouldn’t otherwise receive, while I get paid for that transaction, too. It is a win-win.
- Selling products
Resources from the How Blogs and Podcasts Earn Money
Check out the resources mentioned in this episode:
- The Physician Philosopher Disclosure Page
- The post where I discuss all the ways The Physician Philosopher blog earns money.
- How You Can Make Money Through Self-Publishing a Book on Kindle
- A guest post where I discuss How I Created An Income Stream through Fighting Physician Burnout.
- The Top 10 Gifts for Doctors Post
- The Student Loan Refinance Page (with cashback deals)
- An Example of a Naked Amazon Affiliate Link for The Physician Philosopher book (notice the “ref=” which means “referral is from” and “ttpllc” which references The Physician Philosopher, LLC): https://www.amazon.com/gp/product/057844870X/ref=as_li_qf_asin_il_tl?ie=UTF8&tag=ttpllc-20&creative=9325&linkCode=as2&creativeASIN=057844870X&linkId=1544d0c92dc6533377a58d289df96308
This Episode’s Sponsor
This episode’s sponsor is Jamie Fleischner from Set for Life Insruance, which is one of the nation’s top independent brokerages specializing in life and disability insurance for physicians and professionals. Since 1993 they have worked with thousands of clients finding the most suitable products at the greatest discounted price.
Jamie has been a long time sponsor at The Physician Philosopher, and I’ve never heard a single bad review from my readers. So, if you need a term-life insurance or disability policy, you can reach out to Jamie by calling Set for Life at 888-553-3559 or emailing her team at [email protected]
Listener Question of the Week:
Today’s question comes from Dr. Matthews,
He wants to know the following, “What does financial success mean to you?”
Each episode, we include 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]
TPP
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Following the Financial Crowd
Have you ever left a sporting event, following the crowd, and suddenly realized you were walking the wrong way? What if I told you this phenomenon has a name, and it impacts your money, too?
Understanding our own behavior when it comes to finance is essential because it helps us mitigate wrong-for-us decision making around money. Unless you know these roadblocks exist, you can’t do much to stop them from derailing your financial goals.
Last week, we shared why human behavior matters for our financial lives by taking a look at the first 5 out of 10 psychological phenomena that can (and do) affect your personal finance goals: greed, fear, ego/overconfidence, loss aversion, and analysis paralysis.
This week, we’re diving back into behavioral finance (one of our favorite topics) to share five more types of unchecked human behavior that can sabotage your journey to building the wealth you want.
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
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.
Are you ready to live a life you love?
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