Money Meets Medicine
New episodes every Wednesday
Meet the hosts
James D. Turner, MD
Practicing physician and self-described personal finance nerd.
Flat, fee-only financial planner and owner of Physician Wealth Services.
There are so many different investment strategies when it comes to how to reach financial independence. One of those strategies we talk about often is the different types of Target Date Funds. But, you might be thinking how do you know if you should use Target Date Funds? Today we will get into the details of the good, the bad, and the ugly when it comes to using Target Date Funds so you can determine whether this is a strategy that fits your needs or not. Let’s jump in a figure out how to best utilize Target Date Funds in your investment plan.
You are becoming a financial guru. You have put in the work to understand your finances and all of the options you have available to you, congratulations! But there is one thing you can’t seem to figure out – how to get your spouse interested in financial strategies.
Together you discuss the future and what your money will be able to do for you, but your spouse just doesn’t care about the details. In today’s episode learn simple strategies you can use to help your spouse get on the same financial planning page as you, and how to create a step-by-step plan for your spouse if something were to happen to you.
Money isn’t everything, but money is a tool that allows you to live life however you want. However, too many people think that getting to financial independence means you have to chase it while you’re young. In today’s episode, you might be surprised to hear why we don’t recommend this and what you should be doing (and when) to reach financial independence… while enjoying your life.
What if the only thing holding you back from financial freedom was your mindset? When it comes to your money mindset there are two main schools of thought – the Scarcity Mentality and the Abundance Mentality. There are some dangerous, limiting money mindsets that can come from a place of scarcity. What could happen if you traded these thoughts out for ones of abundance instead?
Doctors are talking more and more about side gig income outside of their typical W-2. This income can be great in your path toward financial independence, or it can be fraught with mistakes. In this episode learn what to do with side gig income, things to look out for, and what to avoid.
Over 2,000 books have been written about how Warren Buffet became rich… what can doctors learn from his example? Listen to today’s episode to find out.