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
You might also be interested in…
Show Me the Money (In the Financial Industry)
The personal finance industry is meant to help you manage your assets, but particularly for doctors, many questions remain around what that kind of support actually means.
Does your financial advisor have your best interest at heart? Do you know how they get paid? Are they transparent in their disclosures about how their company actually works? Where are the conflicts of interest?
Because you can rest assured there are conflicts of interest. It’s just a matter of how they show up. And once you can say “Show me the money” and find them, that’s when you can make intentional, informed decisions regarding your personal finance.
In tackling this topic, we wanted to acknowledge the two main reasons you may be considering your options for charitable giving, especially as a high-earning physician.
One is that you may have religious convictions that make you feel more inclined to give. Even if you don’t hold to the same belief system that we do – specifically around tithing and the historical background of that concept – giving to your community is very valuable. Not just for the recipient, but for you, the giver.
This leads us into reason two, which is that giving money (or other valuable resources) and helping others has been shown to increase long-term satisfaction and fulfillment in your life.
There’s also a practical side of financial charitable giving to consider, which are the tax advantages you can use to create the most bang for your buck – literally.
Charitable Giving for Physicians
Does tithing or charitable giving play a part in your personal finances? Should it? As usual, we’re not shying away from taking a deep dive into a very personal topic. Personal finance is personal, maybe never more so than when it comes to deciding how you want to give back.
In tackling this topic, we wanted to acknowledge the two main reasons you may be considering your options for charitable giving, especially as a high-earning physician.
One is that you may have religious convictions that make you feel more inclined to give. Even if you don’t hold to the same belief system that we do – specifically around tithing and the historical background of that concept – giving to your community is very valuable. Not just for the recipient, but for you, the giver.
This leads us into reason two, which is that giving money (or other valuable resources) and helping others has been shown to increase long-term satisfaction and fulfillment in your life.
There’s also a practical side of financial charitable giving to consider, which are the tax advantages you can use to create the most bang for your buck – literally.
Making the Most of Your Paycheck
You’ve done it – your training is complete and now you’re finally getting a paycheck fit for an attending physician. You think, “I’ve arrived! I’m going to start making so much more money.”
Famous last words. If you’re not prepared, that is.
Seemingly unassuming, everyday expenses still have the potential to wreck your new paycheck and your budget. I’ve seen it many times over the years: you try to be careful, but you (understandably) want to enjoy your hard-earned money. Costs creep up on you, things snowball. Suddenly, your post-tax paycheck is no different than it was in residency.
You thought you knew how to spend money wisely, but now you wonder, “What was the point of all my hard work to get here?”
Don’t worry. You can still enjoy the money you make while being aware of five main money traps that a high-income earner like you could be susceptible to if you’re not paying attention.
Are you ready to live a life you love?
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