Money Meets Medicine Podcast
MMM #28: YOLO Versus Saving For Tomorrow
In most subjects, moderation is key. Is that true when it comes to money? Should we save for tomorrow or live for today? Is there a middle road? That’s what this is all about.
What You’ll Learn:
In today’s episode of Money Meets Medicine, “YOLO Versus Saving For Tomorrow,” you’re going to learn:
- The “ESBS” secret to spending and saving.
- It’s a good thing to spend money on what you love!
- How to balance between being boringly frugal and overspending.
- How to save or spend even when it doesn’t come naturally.
- And more!
Resources from the Episode:
Avoiding Buyers Remorse with Intentional Spending
Money Dials: Why you spend the way you do
This Episode’s Sponsor
This episode is brought to you by Michael L. Relvas. Michael is a CFP Professional and insurance agent committed to helping physicians nationwide with their term life and disability insurance needs. He provides an objective, transparent and education-focused process, that aims to help physicians make prudent decisions and avoid over-complicating things.
We really like Michael and know he’s got your best interest at heart when it comes to disability insurance. We know he’d be happy to help you with whatever your needs are.
You can find Michael at https://thephysicianphilosopher.com/mrinsurance or contact him at 800-817-4522.
Listener Question of the Week:
This episodes listener questions comes from Ritu Ramdeo Vyas:
“What should you do if the only 401K option is actively managed 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]
Subscribe in Your Podcast Player:
Seriously, though, go leave a review. It helps others find the Money Meets Medicine podcast, too.
TPP
You might also be interested in…
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MMM 89: Personal Finance Masochism & Physician Self-Compassion
Is there a purchase you’ve been thinking about, but are afraid you should be spending your money in “better ways?” Listen along today as we talk about that Porsche 981 Cayman S, house, or expensive vacation you want, and how to get it. Learn how you can save for tomorrow while you also enjoy today.
MMM 88: Do Doctors Really Need Emergency Funds?
Physician turnover is high, specifically after the first 2-5 years of training. With doctors changing jobs so often, it is important to establish an emergency fund early on (and to consider the cost of leaving a job in medicine).
So today we wanted to dive into why everyone, including us, says you need an emergency fund, where you should put that money, what to use it for, and what NOT to use it for. We are also going to do some real talk on doing the math BEFORE you decide to either change jobs or leave medicine altogether.
Are you ready to live a life you love?
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