Money Meets Medicine Podcast
MMM 57: How to Avoid the Voldemort of Disability Insurance
This weekend, we are holding two FREE trainings to help doctors learn how to create online income. Join me if you are interested in learning how to find financial freedom through the Physician Side Gig Masterclass. Register now to save your seat before they are all gone!
Anyone who knows my origin story knows how I was hosed by a disability insurance agent in medical school. The fierce desire to protect other doctors from receiving the same treatment remains a huge focus at The Physician Philosopher to this day.
In fact, it is why we only recommend a couple of disability insurance agents (that you can actually trust). In this episode, we discuss how you can avoid my mistake (and many others). It is an absolute must listen. Particularly, if you think you have a good disability insurance policy (many don’t) or if you don’t have one at all!
Today You’ll Learn
- The importance of Disability Insurance (and how it could be your biggest mistake, if you aren’t careful)!
- Our recommended insurance agents that you can actually trust!
- The top things you need to know about disability insurance.
- Examples of really bad advice in the real estate space!
- And more!
TPP
You might also be interested in…
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.
Dr. Peter Kim and Physician Entrepreneurship
Have you ever thought about using real estate to reach financial independence, but you didn’t want to be a landlord?
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.
One of the interesting things about Peter’s story is his transition from full-time practice as an OB anesthesiologist to stepping away from medicine and going part-time, to now his being on sabbatical. He’s not sure if that’s a permanent sabbatical or not, so we got to explore his thought process on that and his story.
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.
Need help getting disability insurance or student loan help from a company built by doctors, for doctors? Make sure to check out HelloAttend.com
Are you ready to live a life you love?
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