Money Meets Medicine Podcast
MMM #38: Pandemic Proof Your Finances: How to Bulletproof Your Finances
What You’ll Learn:
In this episode of Money Meets Medicine, “Pandemic Proof Your Finances: How to Bulletproof Your Finances,” you’re going to learn all about how to prepare for the next pandemic (financially) and:
- As always, why you NEED an emergency fund!
- Why you should write your plan down on paper.
- Why a financial downturn is a bad time to panic.
- Why “pandemic proofing” your finances gives you a great way to think about the future.
- Why you shouldn’t plan your future around money you don’t have yet.
- And more!
Quotes to Remember:
“During this time a lot of us have realized that our finances aren’t nearly as secure as we thought that they were going to be. It turns out that having all this financial security for being a physician maybe isn’t as bulletproof as we’d like.”
“Know what’s going on, know how money’s coming in and out, building an actual plan. I’m not saying in your head. I’m saying, literally write this down”
“Please do not make changes in the middle of a downturn, a market turmoil, or a moment of passion. You need to make these changes with a conversation, sitting down, ideally with someone else, a financial planner that you trust…”
Resources from the Episode:
This Episode’s Sponsor
As part of this show, we wanted to mention – if you didn’t know – that Ryan and I also have written books on personal finance for physicians. Ryan’s book called Financial Residency: Create Your Financial Plan Without the Long Hours or Sleepless Nights is all about going through the steps to create a financial plan.
My book The Physician Philosopher’s Guide to Personal Finance: The 20% of Personal Finance Doctors Need to Know to Get 80% of the Results… follows a chronological order from medical school through becoming an attending and the steps you should focus on each way along the way.
So, check them out by going to financialresidency.com/book or thephysicianphilosopher.com/book
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