Money Meets Medicine

Our brains are not wired to think exponentially. They are wired to think linearly. Maybe this explains why so many doctors, well people in general, don’t invest early enough and take advantage of one of the best tools- compound interest. Today we explain the magic of compound interest and how exponential growth is going to blow your mind. The impact of compounding is massive!

Taxes are a boring topic to talk about so this won’t be fun. Taxes, 401Ks, and 1099 are the least favorite topics but they need to be discussed. As a physician you are probably asking how you can save more money on your taxes. The most popular answer is…earn less income! More jokes to come today so we can try to make this topic fun! Let’s go ahead and start with 1099 income and how you can save on your taxes with this.

If you have been wondering if you are checking the right boxes and doing the “right” things with your money, then this episode is for you. In this episode we talk about the importance of disability insurance and life insurance, and how to handle your loans and pursue public service loan forgiveness. Find out which boxes you need to check as a doctor when it comes to your personal finances and learn which ones you can skip.

Odds are you have been pitched Whole Life Insurance and have no idea if it’s a good idea or a bad idea. Since it is so common for a physician to get this pitch, we thought it would be good topic to discuss on the podcast so we could help you through what Whole Life Insurance even is, where the conflicts of interest are, the different life insurance options, and what to do if you have already purchased it and want out.

The personal finance space is full of rules. Things you should be doing with your money and things you should stop doing with your money. Certain numbers you should be aiming for at specific points in your life. But do you really need to follow every single money rule out there when it comes to personal finance? Which personal finance rules and numbers are most important and which ones might not matter at all.

The personal finance space is full of rules. Things you should be doing with your money and things you should stop doing with your money. Certain numbers you should be aiming for at specific points in your life. But do you really need to follow every single money rule out there when it comes to personal finance? Which personal finance rules and numbers are most important and which ones might not matter at all.