Dana Corriel

On this episode we talk about social media with Dana Corriel MD, an internal medicine physician and creator of the SoMeDocs group. She recently left the practice of medicine to help physicians develop their online presence. Her goal is to help empower physicians reach their patients, a broader audience, and develop their brand and yet balance it with responsibilities as professionals, employees, etc. We talked about why she left medicine to pursue this opportunity. Dr. Corriel runs master classes for physicians interested in improving or developing their presence. I am going to be a teacher in one of the upcoming courses (in Aug 2020) for those who want to start a podcast. If you are interested,  here is the link. Note this episode was recorded just prior to the Covid shutdowns in March 2020 and yet is timely because we just saw the power of physician social media this week when the journal of vascular surgery published and then retracted an article about social media posts of vascular surgery residents and fellows. That article was probably published to a very narrow audience, yet was able to be circulated widely because of twitter, facebook, instagram, etc. The article created a firestorm because of the techniques and judgements of its authors about the posts and calling pictures of female physicians in bathing suits potentially inappropriate but not the same of male physicians. Anyway there was a very quick and appropriate backlash which prompted retraction of the article and wide reassessment of gender biases in medicine in a way that traditional media could not have done. Please support our sponsor Pearson Ravitz if you are in the market for disability insurance and especially if you are early in your career for the best rates. Please visit our website at www.doctormoneymatters.com for the catalog of all our prior episodes. Here is a link to the SoMeDocs website where you can find out more information about what Dr. Corriel is doing to help physicians with the sometimes confusing world of social media. You can follow our show on: Twitter @drmoneymatters Facebook: Doctor Money Matters Instagram @doctormoneymatters I encourage healthcare professionals to join our private facebook group, Doctor Money Matters. If you enjoyed this episode please leave us positive review on iTunes, Google Play, or Stitcher. Any constructive criticism or topics for future shows can be directed to comments@doctormoneymatters.com Please remember what you heard on this show is for your entertainment and education only. Please speak with the appropriate experts prior to making decisions regarding your own financial situation. Thanks for listening and  please leave us positive reviews and continue to share this podcast with your colleagues.

On this episode we talk about social media with Dana Corriel MD, an internal medicine physician and creator of the SoMeDocs group. She recently left the practice of medicine to help physicians develop their online presence. Her goal is to help empower physicians reach their patients, a broader audience, and develop their brand and yet balance it with responsibilities as professionals, employees, etc. We talked about why she left medicine to pursue this opportunity. Dr. Corriel runs master classes for physicians interested in improving or developing their presence. I am going to be a teacher in one of the upcoming courses (in Aug 2020) for those who want to start a podcast. If you are interested, <a href="https://doctorsonsocialmedia.com/launch-your-first-podcast-masterclass/" rel="nofollow" target="_blank"> here is the link</a>. Note this episode was recorded just prior to the Covid shutdowns in March 2020 and yet is timely because we just saw the power of physician social media this week when the journal of vascular surgery published and then retracted an article about social media posts of vascular surgery residents and fellows. That article was probably published to a very narrow audience, yet was able to be circulated widely because of twitter, facebook, instagram, etc. The article created a firestorm because of the techniques and judgements of its authors about the posts and calling pictures of female physicians in bathing suits potentially inappropriate but not the same of male physicians. Anyway there was a very quick and appropriate backlash which prompted retraction of the article and wide reassessment of gender biases in medicine in a way that traditional media could not have done. Please support our sponsor <a href="https://bit.ly/DMMPR" rel="nofollow" target="_blank">Pearson Ravitz</a> if you are in the market for disability insurance and especially if you are early in your career for the best rates. Please visit our website at <a href="http://www.doctormoneymatters.com/" rel="nofollow" target="_blank">www.doctormoneymatters.com</a> for the catalog of all our prior episodes. Here is a link to the <a href="https://doctorsonsocialmedia.com/" rel="nofollow" target="_blank">SoMeDocs website</a> where you can find out more information about what Dr. Corriel is doing to help physicians with the sometimes confusing world of social media. You can follow our show on: Twitter <a href="https://twitter.com/drmoneymatters" rel="nofollow" target="_blank">@drmoneymatters</a> Facebook: <a href="https://www.facebook.com/doctormoneymatters" rel="nofollow" target="_blank">Doctor Money Matters</a> Instagram <a href="https://www.instagram.com/doctormoneymatters/" rel="nofollow" target="_blank">@doctormoneymatters</a> I encourage healthcare professionals to join our private facebook group, <a href="https://www.facebook.com/groups/1326741980704002/" rel="nofollow" target="_blank">Doctor Money Matters</a>. If you enjoyed this episode please leave us positive review on iTunes, Google Play, or Stitcher. Any constructive criticism or topics for future shows can be directed to <a href="mailto:comments@doctormoneymatters.com">comments@doctormoneymatters.com</a> Please remember what you heard on this show is for your entertainment and education only. Please speak with the appropriate experts prior to making decisions regarding your own financial situation. Thanks for listening and <a href="https://itunes.apple.com/us/podcast/doctor-money-matters/id1215169117?mt=2" rel="nofollow" target="_blank"> please leave us positive reviews</a> and continue to share this podcast with your colleagues.

Ep 62. Doctors and Social Media -- Dana Corriel, MD

Gita Pensa

Welcome to the Doctor Money Matters Podcast. In this episode we talk with Gita Pensa MD, an emergency medicine physician and fellow podcaster who created an incredible podcast which is a must listen about lawsuits in medicine and the personal impact it had on her. Its a “Serial” type podcast which is extremely well done. I highly recommend it. Note this episode was recorded just prior to the Covid shutdowns in March 2020. Please support our sponsor Pearson Ravitz if you are in the market for disability insurance and especially if you are early in your career for the best rates. In this episode we discuss why Dr. Pensa started the podcast. We talk about the impact the lawsuit had on her and she talks about how she felt initially and how even years later it has an impact, not just how long these suits can drag out, and having to relive it over and over again. We also talk about what physicians don’t know about if they are named in a malpractice lawsuit. We are never taught about how to feel if this happens. Residency programs and CME talks may discuss some of the legal issues, but they rarely address the personal impact on physicians. The simple threat of a lawsuit makes most physicians uncomfortable and for those who have gone through depositions/trials it can scar you for a long time. We discuss how it can impact your non professional life in addition to your worklife.  We also discuss the role of physician experts in the malpractice world. She calls some of them “Testeliars” on her podcast. These are doctors who make a career out of malpractice testimony. Dr. Pensa suggests talks about her solutions to make it fair for all physicians. Finally we talk about what her future plans are and what creating this podcast has done for her, how its allowed her to reach other physicians who have then connected with her about their experiences and how that has helped her find new purpose. This is a jam packed episode. Gita’s podcast is available on all the major outlets.  Doctors and Litigation: The L Word  Please visit our website at www.doctormoneymatters.com You can follow our show on: Twitter @drmoneymatters Facebook: Doctor Money Matters Instagram @doctormoneymatters I encourage healthcare professionals to join our private facebook group, Doctor Money Matters. If you enjoyed this episode please leave us positive review on iTunes, Google Play, or Stitcher. Any constructive criticism or topics for future shows can be directed to comments@doctormoneymatters.com Please remember what you heard on this show is for your entertainment and education only. Please speak with the appropriate experts prior to making decisions regarding your own financial situation. Thanks for listening and  please leave us positive reviews and continue to share this podcast with your colleagues.

Welcome to the Doctor Money Matters Podcast. In this episode we talk with Gita Pensa MD, an emergency medicine physician and fellow podcaster who created an incredible podcast which is a must listen about lawsuits in medicine and the personal impact it had on her. Its a “Serial” type podcast which is extremely well done. I highly recommend it. Note this episode was recorded just prior to the Covid shutdowns in March 2020. Please support our sponsor <a href="https://bit.ly/DMMPR" rel="nofollow" target="_blank">Pearson Ravitz</a> if you are in the market for disability insurance and especially if you are early in your career for the best rates. In this episode we discuss why Dr. Pensa started the podcast. We talk about the impact the lawsuit had on her and she talks about how she felt initially and how even years later it has an impact, not just how long these suits can drag out, and having to relive it over and over again. We also talk about what physicians don’t know about if they are named in a malpractice lawsuit. We are never taught about how to feel if this happens. Residency programs and CME talks may discuss some of the legal issues, but they rarely address the personal impact on physicians. The simple threat of a lawsuit makes most physicians uncomfortable and for those who have gone through depositions/trials it can scar you for a long time. We discuss how it can impact your non professional life in addition to your worklife.  We also discuss the role of physician experts in the malpractice world. She calls some of them “Testeliars” on her podcast. These are doctors who make a career out of malpractice testimony. Dr. Pensa suggests talks about her solutions to make it fair for all physicians. Finally we talk about what her future plans are and what creating this podcast has done for her, how its allowed her to reach other physicians who have then connected with her about their experiences and how that has helped her find new purpose. This is a jam packed episode. Gita’s podcast is available on all the major outlets. <a href="https://podcasts.apple.com/us/podcast/doctors-and-litigation-the-l-word/id1469155084" rel="nofollow" target="_blank"> Doctors and Litigation: The L Word</a> Please visit our website at <a href="http://www.doctormoneymatters.com/" rel="nofollow" target="_blank">www.doctormoneymatters.com</a> You can follow our show on: Twitter <a href="https://twitter.com/drmoneymatters" rel="nofollow" target="_blank">@drmoneymatters</a> Facebook: <a href="https://www.facebook.com/doctormoneymatters" rel="nofollow" target="_blank">Doctor Money Matters</a> Instagram <a href="https://www.instagram.com/doctormoneymatters/" rel="nofollow" target="_blank">@doctormoneymatters</a> I encourage healthcare professionals to join our private facebook group, <a href="https://www.facebook.com/groups/1326741980704002/" rel="nofollow" target="_blank">Doctor Money Matters</a>. If you enjoyed this episode please leave us positive review on iTunes, Google Play, or Stitcher. Any constructive criticism or topics for future shows can be directed to <a href="mailto:comments@doctormoneymatters.com">comments@doctormoneymatters.com</a> Please remember what you heard on this show is for your entertainment and education only. Please speak with the appropriate experts prior to making decisions regarding your own financial situation. Thanks for listening and <a href="https://itunes.apple.com/us/podcast/doctor-money-matters/id1215169117?mt=2" rel="nofollow" target="_blank"> please leave us positive reviews</a> and continue to share this podcast with your colleagues.

Ep 61. Gita Pensa, MD -- Malpractice litigation and its impact on the physician

Ben White

Welcome to the Doctor Money Matters Podcast. In this episode we talk about student loans with Ben White, MD a radiologist and blogger who writes about various topics but has written a FREE book about student loans. Note this episode was recorded pre covid so there have been some changes relating to loan deferrals so please check with your loan servicer prior to making any changes. Please support our sponsor Pearson Ravitz if you are in the market for disability insurance and especially if you are early in your career for the best rates. We talk about types of student loans (Federal direct and plus, private, etc.) We talk loan strategies in relation to USPLF loan forgiveness program. He goes into good detail about how to time your payments including not paying during the first half of your intern year if going for forgiveness. Ben says you almost never want to refinance early in residency which can run counter to the advice you may have heard. In his opinion the forgiveness program may not go away despite the headlines you read. Ben’s free student loan book is available at www.benwhite.com/studentloans/ Please visit our website at www.doctormoneymatters.com You can follow our show on: Twitter @drmoneymatters Facebook: Doctor Money Matters Instagram @doctormoneymatters I encourage healthcare professionals to join our private facebook group, Doctor Money Matters. If you enjoyed this episode please leave us positive review on iTunes, Google Play, or Stitcher. Any constructive criticism or topics for future shows can be directed to comments@doctormoneymatters.com Please remember what you heard on this show is for your entertainment and education only. Please speak with the appropriate experts prior to making decisions regarding your own financial situation. Thanks for listening and  please leave us positive reviews and continue to share this podcast with your colleagues.

Welcome to the Doctor Money Matters Podcast. In this episode we talk about student loans with Ben White, MD a radiologist and blogger who writes about various topics but has written a FREE book about student loans. Note this episode was recorded pre covid so there have been some changes relating to loan deferrals so please check with your loan servicer prior to making any changes. Please support our sponsor <a href="https://bit.ly/DMMPR" rel="nofollow" target="_blank">Pearson Ravitz</a> if you are in the market for disability insurance and especially if you are early in your career for the best rates. We talk about types of student loans (Federal direct and plus, private, etc.) We talk loan strategies in relation to USPLF loan forgiveness program. He goes into good detail about how to time your payments including not paying during the first half of your intern year if going for forgiveness. Ben says you almost never want to refinance early in residency which can run counter to the advice you may have heard. In his opinion the forgiveness program may not go away despite the headlines you read. Ben’s free student loan book is available at <a href="https://www.benwhite.com/studentloans/" rel="nofollow" target="_blank">www.benwhite.com/studentloans/</a> Please visit our website at <a href="http://www.doctormoneymatters.com/" rel="nofollow" target="_blank">www.doctormoneymatters.com</a> You can follow our show on: Twitter <a href="https://twitter.com/drmoneymatters" rel="nofollow" target="_blank">@drmoneymatters</a> Facebook: <a href="https://www.facebook.com/doctormoneymatters" rel="nofollow" target="_blank">Doctor Money Matters</a> Instagram <a href="https://www.instagram.com/doctormoneymatters/" rel="nofollow" target="_blank">@doctormoneymatters</a> I encourage healthcare professionals to join our private facebook group, <a href="https://www.facebook.com/groups/1326741980704002/" rel="nofollow" target="_blank">Doctor Money Matters</a>. If you enjoyed this episode please leave us positive review on iTunes, Google Play, or Stitcher. Any constructive criticism or topics for future shows can be directed to <a href="mailto:comments@doctormoneymatters.com">comments@doctormoneymatters.com</a> Please remember what you heard on this show is for your entertainment and education only. Please speak with the appropriate experts prior to making decisions regarding your own financial situation. Thanks for listening and <a href="https://itunes.apple.com/us/podcast/doctor-money-matters/id1215169117?mt=2" rel="nofollow" target="_blank"> please leave us positive reviews</a> and continue to share this podcast with your colleagues.

Ep. 60 -- Student loan basics with Ben White, MD

Joel Greenwald

Welcome to the Doctor Money Matters Podcast. It has certainly been an eventful spring between the Covid crisis and the national protests bringing more attention to the unequal treatment of African Americans by law enforcement, and also the financial market volatility. Our guest was Joel Greenwald, MD a physician turned financial planner in Minnesota who has a long term financial planning business managing mostly physicians money called Greenwald wealth management. We talk on this episode about the strategies of withdrawing assets once you retire. How do younger physicians get to the asset level we talk about? We also talk about the pros and cons of annuities. He doesn't recommend them for the asset accumulation phase but they can make sense in retirement and we talk about examples of annuities. He does not use them frequently and talks about the conflict of interests that some advisors have.  We also talk about the bucket strategy and withdrawal from different types of accounts (tax free, tax deferred, taxable) Joel thinks that for most physicians working now, social security will still exist and you can get some income from that. However its going to be variable and should not be a significant part of your retirement strategy. We also discuss alternate strategies of withdrawal for FIRE and each talk about our thoughts on the 4% rule. Finally we talk about real estate investing and whether Dr. Greenwald’s clients are investing in it. I mentioned that social media is the new golf course/doctors lounge where some ideas that are pitched are not fully vetted and we should be somewhat skeptical about them. Click here for more info on Greenwald Wealth Management Please support our sponsor Pearson Ravitz if you are in the market for disability insurance and especially if you are nearing the end of residency/fellowship where you may still qualify for discounts that may not be available after training. Please visit our website at www.doctormoneymatters.com You can follow our show on: Twitter @drmoneymatters Facebook: Doctor Money Matters Instagram @doctormoneymatters I encourage healthcare professionals to join our private facebook group, Doctor Money Matters. If you enjoyed this episode please leave us positive review on iTunes, Google Play, or Stitcher. Any constructive criticism or topics for future shows can be directed to comments@doctormoneymatters.com Please remember what you heard on this show is for your entertainment and education only. Please speak with the appropriate experts prior to making decisions regarding your own financial situation. Thanks for listening and  please leave us positive reviews and continue to share this podcast with your colleagues.

Welcome to the Doctor Money Matters Podcast. It has certainly been an eventful spring between the Covid crisis and the national protests bringing more attention to the unequal treatment of African Americans by law enforcement, and also the financial market volatility. Our guest was Joel Greenwald, MD a physician turned financial planner in Minnesota who has a long term financial planning business managing mostly physicians money called Greenwald wealth management. We talk on this episode about the strategies of withdrawing assets once you retire. How do younger physicians get to the asset level we talk about? We also talk about the pros and cons of annuities. He doesn't recommend them for the asset accumulation phase but they can make sense in retirement and we talk about examples of annuities. He does not use them frequently and talks about the conflict of interests that some advisors have.  We also talk about the bucket strategy and withdrawal from different types of accounts (tax free, tax deferred, taxable) Joel thinks that for most physicians working now, social security will still exist and you can get some income from that. However its going to be variable and should not be a significant part of your retirement strategy. We also discuss alternate strategies of withdrawal for FIRE and each talk about our thoughts on the 4% rule. Finally we talk about real estate investing and whether Dr. Greenwald’s clients are investing in it. I mentioned that social media is the new golf course/doctors lounge where some ideas that are pitched are not fully vetted and we should be somewhat skeptical about them. Click here for more info on <a href="https://gwm.life/" rel="nofollow" target="_blank">Greenwald Wealth Management</a> Please support our sponsor <a href="https://bit.ly/DMMPR" rel="nofollow" target="_blank">Pearson Ravitz</a> if you are in the market for disability insurance and especially if you are nearing the end of residency/fellowship where you may still qualify for discounts that may not be available after training. Please visit our website at <a href="http://www.doctormoneymatters.com/" rel="nofollow" target="_blank">www.doctormoneymatters.com</a> You can follow our show on: Twitter <a href="https://twitter.com/drmoneymatters" rel="nofollow" target="_blank">@drmoneymatters</a> Facebook: <a href="https://www.facebook.com/doctormoneymatters" rel="nofollow" target="_blank">Doctor Money Matters</a> Instagram <a href="https://www.instagram.com/doctormoneymatters/" rel="nofollow" target="_blank">@doctormoneymatters</a> I encourage healthcare professionals to join our private facebook group, <a href="https://www.facebook.com/groups/1326741980704002/" rel="nofollow" target="_blank">Doctor Money Matters</a>. If you enjoyed this episode please leave us positive review on iTunes, Google Play, or Stitcher. Any constructive criticism or topics for future shows can be directed to <a href="mailto:comments@doctormoneymatters.com">comments@doctormoneymatters.com</a> Please remember what you heard on this show is for your entertainment and education only. Please speak with the appropriate experts prior to making decisions regarding your own financial situation. Thanks for listening and <a href="https://itunes.apple.com/us/podcast/doctor-money-matters/id1215169117?mt=2" rel="nofollow" target="_blank"> please leave us positive reviews</a> and continue to share this podcast with your colleagues.

Ep 59. Joel Greenwald, MD CFP -- Withdrawing assets in retirement

Cory Fawcett

Welcome to the Doctor Money Matters Podcast. This is a podcast about financial topics related to the healthcare professional. I am your host Dr. Tarang Patel, a diagnostic radiologist in Arizona. Our guest was Cory Fawcett, MD a retired surgeon in Oregon who has written books for medical professionals including The Physicians guide to Real Estate Investing which we talked about on the show. It and his other books are available on Amazon or his own website FinancialSuccessMD.com We talk on this episode about the power of real estate investing. Why Dr. Fawcett favors active real estate investing (ownership) instead of participating in syndications.  We also talk net worth numbers which may surprise many of my listeners. While he was a general surgeon in private practice, Dr. Fawcett had a lower income than many might think and yet through the power of compounding, tax deferment, and debt aversion, he built up quite a net worth that was greater than his combined income from all his work years when he retired. Please visit our website at www.doctormoneymatters.com You can follow our show on: Twitter @drmoneymatters Facebook: Doctor Money Matters Instagram @doctormoneymatters I encourage healthcare professionals to join our private facebook group, Doctor Money Matters. Any constructive criticism or topics for future shows can be directed to comments@doctormoneymatters.com Please remember what you heard on this show is for your entertainment and education only. Please speak with the appropriate experts prior to making decisions regarding your own financial situation. Thanks for listening and  please leave us positive reviews and continue to share this podcast with your colleagues.

Welcome to the Doctor Money Matters Podcast. This is a podcast about financial topics related to the healthcare professional. I am your host Dr. Tarang Patel, a diagnostic radiologist in Arizona. Our guest was Cory Fawcett, MD a retired surgeon in Oregon who has written books for medical professionals including The Physicians guide to Real Estate Investing which we talked about on the show. It and his other books are available on Amazon or his own website <a href="https://financialsuccessmd.com/" rel="nofollow" target="_blank">FinancialSuccessMD.com</a> We talk on this episode about the power of real estate investing. Why Dr. Fawcett favors active real estate investing (ownership) instead of participating in syndications.  We also talk net worth numbers which may surprise many of my listeners. While he was a general surgeon in private practice, Dr. Fawcett had a lower income than many might think and yet through the power of compounding, tax deferment, and debt aversion, he built up quite a net worth that was greater than his combined income from all his work years when he retired. Please visit our website at <a href="http://www.doctormoneymatters.com/" rel="nofollow" target="_blank">www.doctormoneymatters.com</a> You can follow our show on: Twitter <a href="https://twitter.com/drmoneymatters" rel="nofollow" target="_blank">@drmoneymatters</a> Facebook: <a href="https://www.facebook.com/doctormoneymatters" rel="nofollow" target="_blank">Doctor Money Matters</a> Instagram <a href="https://www.instagram.com/doctormoneymatters/" rel="nofollow" target="_blank">@doctormoneymatters</a> I encourage healthcare professionals to join our private facebook group, <a href="https://www.facebook.com/groups/1326741980704002/" rel="nofollow" target="_blank">Doctor Money Matters</a>. Any constructive criticism or topics for future shows can be directed to <a href="mailto:comments@doctormoneymatters.com">comments@doctormoneymatters.com</a> Please remember what you heard on this show is for your entertainment and education only. Please speak with the appropriate experts prior to making decisions regarding your own financial situation. Thanks for listening and <a href="https://itunes.apple.com/us/podcast/doctor-money-matters/id1215169117?mt=2" rel="nofollow" target="_blank"> please leave us positive reviews</a> and continue to share this podcast with your colleagues.

Ep. 58 Real Estate Investing with Cory Fawcett, MD

This is a special episode of the podcast in which I am introducing a new project I am working on with Dr. Disha of the Frugal Physician. We are starting a YouTube series called What’s Up Docs? to talk about what's trending in physician social media.  In this episode we discuss:  a proposed residency for nurse practitioners and physician assistants in emergency medicine that had physicians in an uproar, particularly because they were going to be paid more than PGY3 EM residents. This program is not going to happen, but boy did it get everyone talking. This came from a  thread on Reddit. We talk about the  Berkshire Hathaway letter. We talk about the  change of the USMLE to a pass fail exam. A  surgeon who was shot and killed and the threat of violence upon healthcare workers. Whether we should  pay down mortgages or invest.  Thanks for listening. To see the video, please check it out and subscribe on YouTube.  Finally please join me and Stephanie Tsang, CFP on March 9 for our free college financial planning webinar. Sign up here or on the Doctor Money Matters Facebook group or message me on Twitter or Facebook or send me an email at tarang@doctormoneymatters.com

This is a special episode of the podcast in which I am introducing a new project I am working on with Dr. Disha of the Frugal Physician. We are starting a <a href="https://www.youtube.com/watch?v=tPsnSa9FRdQ" rel="nofollow" target="_blank">YouTube series</a> called What’s Up Docs? to talk about what's trending in physician social media.  In this episode we discuss: <ul> <li>a proposed residency for nurse practitioners and physician assistants in emergency medicine that had physicians in an uproar, particularly because they were going to be paid more than PGY3 EM residents. This program is not going to happen, but boy did it get everyone talking. This came from a <a href="https://www.reddit.com/r/Residency/comments/f7qn7h/brand_new_panp_em_residency_at_unc_midlevel_pgy1/" rel="nofollow" target="_blank"> thread on Reddit</a>.</li> <li>We talk about the <a href="https://www.berkshirehathaway.com/letters/2019ltr.pdf" rel="nofollow" target="_blank"> Berkshire Hathaway letter.</a></li> <li>We talk about the <a href="https://www.kevinmd.com/blog/2020/02/usmle-step-1-pass-fail-winners-and-losers.html?fbclid=IwAR3FprX7h7CRN4RqhOoc_WwvHmhIuHkP3xpAnaqYpwK5x4PZCiMttnYMmJU" rel="nofollow" target="_blank"> change of the USMLE</a> to a pass fail exam.</li> <li>A <a href="https://www.desertsun.com/story/news/2020/02/15/rancho-mirage-shooting-dr-david-duffner-slain-walter-carter-police-say/4767585002/?fbclid=IwAR3QXxqTgx-N14iLxpuvVxCH-36zHLYg2oARBck-Nc8Pj5ONl8asrNRoYco" rel="nofollow" target="_blank"> surgeon who was shot and killed</a> and the threat of violence upon healthcare workers.</li> <li>Whether we should <a href="https://awealthofcommonsense.com/2020/02/should-you-pay-off-your-mortgage-early-with-rates-so-low/?fbclid=IwAR2ObkF0kupI9EZYNWoXop10WPmg3U00kRUNG6ykaBiLFncVDJRyx6q7ydA" rel="nofollow" target="_blank"> pay down mortgages or invest</a>.</li> </ul> Thanks for listening. To see the video, please check it out and subscribe on <a href="https://www.youtube.com/watch?v=tPsnSa9FRdQ" rel="nofollow" target="_blank">YouTube</a>.  Finally please join me and Stephanie Tsang, CFP on March 9 for our free college financial planning webinar. Sign up <a href="https://forms.gle/gj6imVNfZn7K9AZLA" rel="nofollow" target="_blank">here</a> or on the Doctor Money Matters Facebook group or message me on Twitter or Facebook or send me an email at tarang@doctormoneymatters.com

Ep 57. Introducing What's Up Docs?

Karen Sibert

Dr. Karen Sibert, an anesthesiologist in California, wrote an article that went viral last week and this weekend as a response to the repeated attacks on physicians by the media and by economists or other "policy experts". The Washington Post said physicians were behaving like muggers. A Noble prize winning economist called us rent seekers. We discuss why she wrote this article. Why she sees concerning trends about the future physician workforce and areas where things are improving though not perfect yet. If you have not yet read her article. Here is a link to her website apennedpoint.com

Dr. Karen Sibert, an anesthesiologist in California, wrote an article that went viral last week and this weekend as a response to the repeated attacks on physicians by the media and by economists or other "policy experts". The Washington Post said physicians were behaving like muggers. A Noble prize winning economist called us rent seekers. We discuss why she wrote this article. Why she sees concerning trends about the future physician workforce and areas where things are improving though not perfect yet. If you have not yet read her article. Here is a link to her website <a href="http://apennedpoint.com/" rel="nofollow" target="_blank">apennedpoint.com</a>

Ep 56. Karen Sibert, MD -- Good luck finding a doctor in 10 years.

Ian Ippolito

On this episode we talk with Ian Ippolito who runs a real estate crowd funding website which is a valuable resource for those who are interested in this space. We talk about Ian's approach to real estate investing.  Evaluate sponsor first (experience through a full business cycle)   Lots of sponsors right now have not gone through a downturn   Look at the deal itself   Leverage (65% leverage or less) Sponsor has invested also (skin in the game) What is the deal structure (how does sponsor make money)? Locked in long term debt (at low rates)   Different types of niches in crowdfunded real estate (land, farms, self storage, mobile homes, hotels)  We talk about the difference between public crowdfunding deals vs private network deals. Finally we discuss where Ian thinks we are in the cycle (physical and financial and he explains the difference between the two) His blog is at the therealestatecrowdfundingreview.com and is full of useful information you should look at prior to investing with one of the crowd funded companies. More episodes of this podcast are available at www.doctormoneymatters.com and  Apple Podcasts,  Google Play,  Stitcher, etc. All episodes are also now on  YouTube  and Facebook.  You can follow me on twitter @drmoneymatters Instagram @doctormoneymatters Please consider joining the Doctor Money Matters Facebook group. Thanks for listening and  please leave us positive reviews and continue to share this podcast with your colleagues.

On this episode we talk with Ian Ippolito who runs a real estate crowd funding website which is a valuable resource for those who are interested in this space. We talk about Ian's approach to real estate investing. <ul> <li>Evaluate sponsor first (experience through a full business cycle)</li> <li> <ul> <li>Lots of sponsors right now have not gone through a downturn</li> </ul> </li> <li>Look at the deal itself</li> <li> <ul> <li>Leverage (65% leverage or less)</li> <li>Sponsor has invested also (skin in the game)</li> <li>What is the deal structure (how does sponsor make money)?</li> <li>Locked in long term debt (at low rates)</li> </ul> </li> <li>Different types of niches in crowdfunded real estate (land, farms, self storage, mobile homes, hotels)</li> </ul> We talk about the difference between public crowdfunding deals vs private network deals. Finally we discuss where Ian thinks we are in the cycle (physical and financial and he explains the difference between the two) His blog is at the <a href="https://www.therealestatecrowdfundingreview.com/" rel="nofollow" target="_blank">therealestatecrowdfundingreview.com</a> and is full of useful information you should look at prior to investing with one of the crowd funded companies. More episodes of this podcast are available at <a href="http://www.doctormoneymatters.com" rel="nofollow" target="_blank">www.doctormoneymatters.com</a> and <a href="https://itunes.apple.com/us/podcast/doctor-money-matters/id1215169117" rel="nofollow" target="_blank"> Apple Podcasts</a>, <a href="https://play.google.com/music/listen?u=0#/ps/Iqthkbdsuau7zrla7lrvhz4in24" rel="nofollow" target="_blank"> Google Play</a>, <a href="https://www.stitcher.com/podcast/doctor-money-matters?refid=stpr" rel="nofollow" target="_blank"> Stitcher</a>, etc. All episodes are also now on <a href="https://www.youtube.com/channel/UCv5uFk2JfKxxPWc0CBLMMqQ/videos?view_as=public" rel="nofollow" target="_blank"> YouTube</a>  and <a href="https://www.facebook.com/doctormoneymatters/" rel="nofollow" target="_blank">Facebook</a>.  You can follow me on twitter <a href="https://twitter.com/drmoneymatters" rel="nofollow" target="_blank">@drmoneymatters</a> Instagram <a href="https://www.instagram.com/doctormoneymatters/?hl=en" rel="nofollow" target="_blank">@doctormoneymatters</a> Please consider joining the <a href="https://www.facebook.com/groups/1326741980704002/" rel="nofollow" target="_blank">Doctor Money Matters Facebook group</a>. Thanks for listening and <a href="https://itunes.apple.com/us/podcast/doctor-money-matters/id1215169117?mt=2" rel="nofollow" target="_blank"> please leave us positive reviews</a> and continue to share this podcast with your colleagues.

Ep 55. Ian Ippolito -- How to approach crowdfunded real estate investing

On this episode we talk with Dr. Falgun Chokshi, a radiologist and thought leader in artificial intelligence.  We talk about the role of AI in the future of medicine.   Will AI replace radiologists?  Will there be fewer jobs for physicians in the future?  What are the capabilities of AI and where does it fall short?  We also talk about why the stakes are so high in medicine vs other fields and why the pace of innovation is slower in patient care.  What are the stakes for new and recent grads in medicine? Who is going to be liable for any potential malpractice?  More episodes of this podcast are available at www.doctormoneymatters.com and  Apple Podcasts,  Google Play,  Stitcher, etc. All episodes are also now on  YouTube  and Facebook.  You can learn more about Dr. Chokshi at his website falgunchokshi.com You can follow me on twitter @drmoneymatters Or Instagram @doctormoneymatters Please consider joining the Doctor Money Matters Facebook group. Thanks for listening and  please leave us positive reviews and continue to share this podcast with your colleagues.

On this episode we talk with Dr. Falgun Chokshi, a radiologist and thought leader in artificial intelligence.  We talk about the role of AI in the future of medicine.  <ul> <li>Will AI replace radiologists? </li> <li>Will there be fewer jobs for physicians in the future? </li> <li>What are the capabilities of AI and where does it fall short? </li> <li>We also talk about why the stakes are so high in medicine vs other fields and why the pace of innovation is slower in patient care. </li> <li>What are the stakes for new and recent grads in medicine?</li> <li>Who is going to be liable for any potential malpractice?</li> </ul> More episodes of this podcast are available at <a href="http://www.doctormoneymatters.com" rel="nofollow" target="_blank">www.doctormoneymatters.com</a> and <a href="https://itunes.apple.com/us/podcast/doctor-money-matters/id1215169117" rel="nofollow" target="_blank"> Apple Podcasts</a>, <a href="https://play.google.com/music/listen?u=0#/ps/Iqthkbdsuau7zrla7lrvhz4in24" rel="nofollow" target="_blank"> Google Play</a>, <a href="https://www.stitcher.com/podcast/doctor-money-matters?refid=stpr" rel="nofollow" target="_blank"> Stitcher</a>, etc. All episodes are also now on <a href="https://www.youtube.com/channel/UCv5uFk2JfKxxPWc0CBLMMqQ/videos?view_as=public" rel="nofollow" target="_blank"> YouTube</a>  and <a href="https://www.facebook.com/doctormoneymatters/" rel="nofollow" target="_blank">Facebook</a>.  You can learn more about Dr. Chokshi at his <a href="https://www.falgunchokshi.com/" rel="nofollow" target="_blank">website</a> <a href="https://www.falgunchokshi.com/" rel="nofollow" target="_blank">falgunchokshi.com</a> You can follow me on twitter <a href="https://twitter.com/drmoneymatters" rel="nofollow" target="_blank">@drmoneymatters</a> Or Instagram <a href="https://www.instagram.com/doctormoneymatters/?hl=en" rel="nofollow" target="_blank">@doctormoneymatters</a> Please consider joining the <a href="https://www.facebook.com/groups/1326741980704002/" rel="nofollow" target="_blank">Doctor Money Matters Facebook group</a>. Thanks for listening and <a href="https://itunes.apple.com/us/podcast/doctor-money-matters/id1215169117?mt=2" rel="nofollow" target="_blank"> please leave us positive reviews</a> and continue to share this podcast with your colleagues.

Ep 54. Falgun Chokshi, MD --Artificial Intelligence in medicine

Dan Gauthier

On this episode, my guest is Dan Gauthier of the Rose Law Group in Scottsdale, AZ. We are talking about Opportunity Zones. We discuss what they are, how they can be a tax advantage investment.  Dan has written about these previously in national media and I thought he would be a great resource to learn more about them. He is not selling anything which is why I wanted him to explain it in an unbiased way. Opportunity Zones are geographic areas designated by the states and approved by the federal government which qualify for specific tax breaks that we discuss on the show. Investments can be in real estate or qualifying businesses.  The tax breaks are 3 fold:  Defer realized capital gains. Reduction of existing capital gains by up to 15% if opportunity zone investment held for 7 years. No tax on future capital gains if opportunity zone investments if held for 10 years.  As we discuss, these benefits can make a good deal better but do not make bad deals good, so please really vet the deals that are being presented. Remember this show is for educational purposes only. Please do your own due diligence prior to investing in any deal. A link to the WSJ article mentioned at the beginning of the show.  Wall Street Journal--Opportunity Zones off to slow start Contact info for Daniel Gauthier More episodes of this podcast are available at www.doctormoneymatters.com and  Apple Podcasts,  Google Play,  Stitcher, etc. All episodes are also now on  YouTube (Audio only) and Facebook.  You can follow me on: twitter @drmoneymatters  Instagram @doctormoneymatters Facebook @doctormoneymatters Email me editor@doctormoneymatters.com Please consider joining the Doctor Money Matters Facebook group. Please share this podcast with your colleagues and join our email list. Thanks for listening and  please leave us positive reviews on Apple Podcasts and continue to share this podcast with your colleagues.

On this episode, my guest is Dan Gauthier of the Rose Law Group in Scottsdale, AZ. We are talking about Opportunity Zones. We discuss what they are, how they can be a tax advantage investment.  Dan has written about these previously in national media and I thought he would be a great resource to learn more about them. He is not selling anything which is why I wanted him to explain it in an unbiased way. Opportunity Zones are geographic areas designated by the states and approved by the federal government which qualify for specific tax breaks that we discuss on the show. Investments can be in real estate or qualifying businesses.  The tax breaks are 3 fold: <ol> <li>Defer realized capital gains.</li> <li>Reduction of existing capital gains by up to 15% if opportunity zone investment held for 7 years.</li> <li>No tax on future capital gains if opportunity zone investments if held for 10 years.</li> </ol> As we discuss, these benefits can make a good deal better but do not make bad deals good, so please really vet the deals that are being presented. Remember this show is for educational purposes only. Please do your own due diligence prior to investing in any deal. A link to the WSJ article mentioned at the beginning of the show. <a href="https://www.wsj.com/articles/opportunity-zone-funds-are-off-to-a-slow-start-lagging-behind-heady-expectations-11571742002" rel="nofollow" target="_blank"> Wall Street Journal--Opportunity Zones off to slow start</a> Contact info for <a href="https://www.roselawgroup.com/gauthier-daniel/" rel="nofollow" target="_blank">Daniel Gauthier</a> More episodes of this podcast are available at <a href="http://www.doctormoneymatters.com" rel="nofollow" target="_blank">www.doctormoneymatters.com</a> and <a href="https://itunes.apple.com/us/podcast/doctor-money-matters/id1215169117" rel="nofollow" target="_blank"> Apple Podcasts</a>, <a href="https://play.google.com/music/listen?u=0#/ps/Iqthkbdsuau7zrla7lrvhz4in24" rel="nofollow" target="_blank"> Google Play</a>, <a href="https://www.stitcher.com/podcast/doctor-money-matters?refid=stpr" rel="nofollow" target="_blank"> Stitcher</a>, etc. All episodes are also now on <a href="https://www.youtube.com/channel/UCv5uFk2JfKxxPWc0CBLMMqQ/videos?view_as=public" rel="nofollow" target="_blank"> YouTube</a> (Audio only) and <a href="https://www.facebook.com/doctormoneymatters/" rel="nofollow" target="_blank">Facebook</a>.  You can follow me on: twitter <a href="https://twitter.com/drmoneymatters" rel="nofollow" target="_blank">@drmoneymatters</a> Instagram <a href="https://www.instagram.com/doctormoneymatters/?hl=en" rel="nofollow" target="_blank">@doctormoneymatters</a> Facebook <a href="https://www.facebook.com/doctormoneymatters/" rel="nofollow" target="_blank">@doctormoneymatters</a> Email me <a href="mailto:editor@doctormoneymatters.com">editor@doctormoneymatters.com</a> Please consider joining the <a href="https://www.facebook.com/groups/1326741980704002/" rel="nofollow" target="_blank">Doctor Money Matters Facebook group</a>. Please share this podcast with your colleagues and join our email list. Thanks for listening and <a href="https://itunes.apple.com/us/podcast/doctor-money-matters/id1215169117?mt=2" rel="nofollow" target="_blank"> please leave us positive reviews</a> on Apple Podcasts and continue to share this podcast with your colleagues.

Ep 53. Opportunity Zones -- Dan Gauthier

Welcome to the Doctor Money Matters podcast.   I am your host Dr. Tarang Patel, a practicing diagnostic radiologist in Phoenix, AZ.   I started this podcast as a way to share knowledge about financial matters as they relate to health care professionals. We spent many years learning about the science and art of providing patient care but most of us have relatively little knowledge about reaching financial well being. I know that I had no formal training in setting up investment accounts, negotiating contracts, buying insurance, buying real estate, etc. I just learned by reading and also by making many mistakes. Health care professionals are trusted to take put their patients needs first and we in turn assume everyone in other fields work the same way. Unfortunately this is not always true.   By talking about these topics, I hope we can reduce the many financial mistakes that prior generations of doctors have made.  Those physicians were able to overcome these mistakes because of shorter training periods, less debt, and they were more likely to be in private practice. Today we no longer have those luxuries and many of us have significant debt burdens. The good news is that we also have access to information that the prior generation never had.   A little background about me. As I said before I am a practicing radiologist in Phoenix, AZ. I went to undergrad at Indiana U. (Go Hoosiers), medical school at the Kirksville College of Osteopathic Medicine (Now AT Still Univ) in Missouri, moved east and did my radiology residency at New York Hospital-Weill Cornell Medical Center in Manhattan. I then moved west to serve my Air Force commitment at Nellis AFB in Las Vegas, NV. I then did a fellowship in Body/Musculoskeletal Imaging at Mayo Clinic Arizona. Since I finished training I have been in a hospital employed group for the last 6 years.  I have always enjoyed learning about finance and have read (listened to) many of the financial books. I also spent time reading on the bogleheads.org forum which I found to be a valuable source of information. Finally I just observed that many of my colleagues and I had the same questions about relatively basic financial matters but it was difficult to find clear answers.  Hopefully you find these podcasts useful. I encourage you to subscribe to them, that way you will be updated when any episodes are released automatically. Also please let your friends and colleagues know about this podcast.   Please give us good feedback on iTunes, Google Play and stitcher and if you have suggestions on topics or how to improve the podcast please send your emails to comments@doctormoneymatters.com  Social media links: twitter @drmoneymatters Facebook www.facebook.com/doctormoneymatters/  Please understand that this show is for entertainment and education only and you should do your own research and speak with the appropriate experts prior to making any changes in regards to material you may have heard on the show. The opinions from the guests on this show are their own and do not necessarily reflect those of the host or of Doctor Money Matters, LLC.

Lots of great financial points made by this podcast.  Should be a must listen to by all physicians.

Very good information

Educational in a simple &amp; understandable way

Awesome podcast!!!

Welcome to the Doctor Money Matters podcast. I am your host Dr. Tarang Patel, a practicing diagnostic radiologist in Phoenix, AZ. I started this podcast as a way to share knowledge about financial matters as they relate to health care professionals. We spent many years learning about the science and art of providing patient care but most of us have relatively little knowledge about reaching financial well being. I know that I had no formal training in setting up investment accounts, negotiating contracts, buying insurance, buying real estate, etc. I just learned by reading and also by making many mistakes. Health care professionals are trusted to take put their patients needs first and we in turn assume everyone in other fields work the same way. Unfortunately this is not always true. By talking about these topics, I hope we can reduce the many financial mistakes that prior generations of doctors have made. Those physicians were able to overcome these mistakes because of shorter training periods, less debt, and they were more likely to be in private practice. Today we no longer have those luxuries and many of us have significant debt burdens. The good news is that we also have access to information that the prior generation never had. A little background about me. As I said before I am a practicing radiologist in Phoenix, AZ. I went to undergrad at Indiana U. (Go Hoosiers), medical school at the Kirksville College of Osteopathic Medicine (Now AT Still Univ) in Missouri, moved east and did my radiology residency at New York Hospital-Weill Cornell Medical Center in Manhattan. I then moved west to serve my Air Force commitment at Nellis AFB in Las Vegas, NV. I then did a fellowship in Body/Musculoskeletal Imaging at Mayo Clinic Arizona. Since I finished training I have been in a hospital employed group for the last 6 years. I have always enjoyed learning about finance and have read (listened to) many of the financial books. I also spent time reading on the <a href="http://bogleheads.org" rel="nofollow" target="_blank">bogleheads.org</a> forum which I found to be a valuable source of information. Finally I just observed that many of my colleagues and I had the same questions about relatively basic financial matters but it was difficult to find clear answers. Hopefully you find these podcasts useful. I encourage you to subscribe to them, that way you will be updated when any episodes are released automatically. Also please let your friends and colleagues know about this podcast. Please give us good feedback on iTunes, Google Play and stitcher and if you have suggestions on topics or how to improve the podcast please send your emails to comments@doctormoneymatters.com Social media links: twitter @drmoneymatters Facebook <a href="http://www.facebook.com/doctormoneymatters/" rel="nofollow" target="_blank">www.facebook.com/doctormoneymatters/</a> Please understand that this show is for entertainment and education only and you should do your own research and speak with the appropriate experts prior to making any changes in regards to material you may have heard on the show. The opinions from the guests on this show are their own and do not necessarily reflect those of the host or of Doctor Money Matters, LLC.

Doctor Money Matters

Eric Levi

In this episode I talk with Dr. Eric Levi, an ENT surgeon who created a viral article recently relating to physician burnout and lack of job satisfaction called the Dark side of doctoring. Eric wrote this article based on his experience as a specialist nearly completing the long process of training in Australia, but I think his experiences are comparable with listeners in the US and other western nations. He has a series of these articles that I encourage to you read on his website. While this particular episode is not necessarily a financial discussion, physician burnout if it leads to leaving the profession obviously will have major financial consequences. Many physician colleagues are talking about these issues today and I think what Eric wrote about and what we speak about on this episode will sound familiar but he is hopeful that the system is now ready for change. There have been a number of physician suicides that led him to write these articles. I want to encourage those of you who are listening to this show to speak with your colleagues and maintain the social relationships that help us deal with our stressors. I think Eric makes a point in our discussion about the demise of the informal support groups that used to be more common in the past, such as going out for coffee or drinks. Let’s make it a point to engage our colleagues in these relaxed social activities. One other point that he makes that should hit home is if you can find 20% of your work to be meaningful, you will have greater job satisfaction even if the other 80% is monotonous. By continuing to learn new skills in your field, teaching students or residents, or branching into leadership positions, you can improve satisfaction. Finally I know many physicians and administrators don’t have the best relationships, but remember at the end of the day, both groups work for the patient. Lets remember that. You can read Eric’s articles at EricLevi.com and you can follow him on twitter  @drericlevi The article  The Dark side of doctoring is linked  here. More episodes of this podcast are available at www.doctormoneymatters.com Thanks for listening and please continue to share with your colleagues.

In this episode I talk with Dr. Eric Levi, an ENT surgeon who created a viral article recently relating to physician burnout and lack of job satisfaction called the Dark side of doctoring. Eric wrote this article based on his experience as a specialist nearly completing the long process of training in Australia, but I think his experiences are comparable with listeners in the US and other western nations. He has a series of these articles that I encourage to you read on his website. While this particular episode is not necessarily a financial discussion, physician burnout if it leads to leaving the profession obviously will have major financial consequences. Many physician colleagues are talking about these issues today and I think what Eric wrote about and what we speak about on this episode will sound familiar but he is hopeful that the system is now ready for change. There have been a number of physician suicides that led him to write these articles. I want to encourage those of you who are listening to this show to speak with your colleagues and maintain the social relationships that help us deal with our stressors. I think Eric makes a point in our discussion about the demise of the informal support groups that used to be more common in the past, such as going out for coffee or drinks. Let’s make it a point to engage our colleagues in these relaxed social activities. One other point that he makes that should hit home is if you can find 20% of your work to be meaningful, you will have greater job satisfaction even if the other 80% is monotonous. By continuing to learn new skills in your field, teaching students or residents, or branching into leadership positions, you can improve satisfaction. Finally I know many physicians and administrators don’t have the best relationships, but remember at the end of the day, both groups work for the patient. Lets remember that. You can read Eric’s articles at <a href="https://ericlevi.com/" rel="nofollow" target="_blank">EricLevi.com</a> and you can follow him on twitter <a href="https://twitter.com/DrEricLevi/status/872342048946495490" rel="nofollow" target="_blank"> @drericlevi</a> The article <a href="https://ericlevi.com/2017/05/13/the-dark-side-of-doctoring/" rel="nofollow" target="_blank"> The Dark side of doctoring</a> is linked <a href="https://ericlevi.com/2017/05/13/the-dark-side-of-doctoring/" rel="nofollow" target="_blank"> here</a>. More episodes of this podcast are available at <a href="http://www.doctormoneymatters.com" rel="nofollow" target="_blank">www.doctormoneymatters.com</a> Thanks for listening and please continue to share with your colleagues.

Episode 15. Eric Levi, MD -- The dark side of doctoring

Ike Devji

     Welcome to Episode 3. In this episode our guest is Ike Devji, JD an attorney in Phoenix, AZ who specializes in asset protection. This is an area of finance in which many healthcare professionals have little knowledge. Listen to Ike as he explains important concepts that you need to take to protect your assets prior to a lawsuit.   

Welcome to Episode 3. In this episode our guest is Ike Devji, JD an attorney in Phoenix, AZ who specializes in asset protection. This is an area of finance in which many healthcare professionals have little knowledge. Listen to Ike as he explains important concepts that you need to take to protect your assets prior to a lawsuit.

Episode 3. Ike Devji, JD -- Asset Protection

William Bernstein

Episode 29. On this episode, I interviewed a physician investing legend, Dr. William Bernstein. He is a neurologist turned financial author and investment advisor. Now most of us will not be able to reach the asset threshold need for him to manage our money, but the good news is we don’t have to. He provides great advice for the rest of us also. I have admired Dr. Bernstein’s approach to investing for many years and want to acknowledge him as one of the pioneers of index investing. His books are a must read for those who want to learn about financial history. Despite his tremendous expertise, he is very accessible and approachable and above all a teacher.   In this episode we discuss  His basic advice to young physicians. What he recommends you do before investing. How you can construct a very simple yet effective portfolio His thoughts on cryptocurrency How does the FIRE movement affect asset allocation/savings rate? Whether or not most physicians need a financial advisor  Dr. Bernstein’s website is  efficientfrontier.com On it there are great resources for beginning your financial education from beginner to more advanced levels. Join our email list or private facebook group and I will let you know how to get a copy of his book If you can for free for kindle. Although even if you listen to this podcast later and it is no longer free, this book is high value advice for very nominal amount. Please let your friends know about this podcast by sharing it on text, whatsapp or whatever social media platform you are on. More episodes of this podcast are available at www.doctormoneymatters.com and  Apple Podcasts,  Google Play,  Stitcher, etc. All episodes are also now on  YouTube (Audio only) and Facebook. You can follow me on twitter @drmoneymatters Please consider joining the Doctor Money Matters Facebook group. Thanks for listening and  please leave us positive reviews and continue to share this podcast with your colleagues.

Episode 29. On this episode, I interviewed a physician investing legend, Dr. William Bernstein. He is a neurologist turned financial author and investment advisor. Now most of us will not be able to reach the asset threshold need for him to manage our money, but the good news is we don’t have to. He provides great advice for the rest of us also. I have admired Dr. Bernstein’s approach to investing for many years and want to acknowledge him as one of the pioneers of index investing. His books are a must read for those who want to learn about financial history. Despite his tremendous expertise, he is very accessible and approachable and above all a teacher.   In this episode we discuss <ul> <li>His basic advice to young physicians.</li> <li>What he recommends you do before investing.</li> <li>How you can construct a very simple yet effective portfolio</li> <li>His thoughts on cryptocurrency</li> <li>How does the FIRE movement affect asset allocation/savings rate?</li> <li>Whether or not most physicians need a financial advisor</li> </ul> Dr. Bernstein’s website is  <a href="http://www.efficientfrontier.com/" rel="nofollow" target="_blank">efficientfrontier.com</a> On it there are great resources for beginning your financial education from beginner to more advanced levels. Join our email list or private facebook group and I will let you know how to get a copy of his book If you can for free for kindle. Although even if you listen to this podcast later and it is no longer free, this book is high value advice for very nominal amount. Please let your friends know about this podcast by sharing it on text, whatsapp or whatever social media platform you are on. More episodes of this podcast are available at <a href="http://www.doctormoneymatters.com" rel="nofollow" target="_blank">www.doctormoneymatters.com</a> and <a href="https://itunes.apple.com/us/podcast/doctor-money-matters/id1215169117" rel="nofollow" target="_blank"> Apple Podcasts</a>, <a href="https://play.google.com/music/listen?u=0#/ps/Iqthkbdsuau7zrla7lrvhz4in24" rel="nofollow" target="_blank"> Google Play</a>, <a href="https://www.stitcher.com/podcast/doctor-money-matters?refid=stpr" rel="nofollow" target="_blank"> Stitcher</a>, etc. All episodes are also now on <a href="https://www.youtube.com/channel/UCv5uFk2JfKxxPWc0CBLMMqQ/videos?view_as=public" rel="nofollow" target="_blank"> YouTube</a> (Audio only) and <a href="https://www.facebook.com/doctormoneymatters/" rel="nofollow" target="_blank">Facebook</a>. You can follow me on twitter <a href="https://twitter.com/drmoneymatters" rel="nofollow" target="_blank">@drmoneymatters</a> Please consider joining the <a href="https://www.facebook.com/groups/1326741980704002/" rel="nofollow" target="_blank">Doctor Money Matters Facebook group</a>. Thanks for listening and <a href="https://itunes.apple.com/us/podcast/doctor-money-matters/id1215169117?mt=2" rel="nofollow" target="_blank"> please leave us positive reviews</a> and continue to share this podcast with your colleagues.

William Bernstein, MD -- Lessons from an investment guru

Welcome to another Doctor Money Matters episode. This is a great episode. I got to interview one of the superheroes of physicians and finance, the Physician on Fire, the anonymous anesthesiologist who started the very popular financial blog by the same name. In this episode we talk about how he decided to go down the FIRE (financial independence, retire early) path, his plans now that he has reached FI (financial independence), and his advice for those who are interested in following this path. We also get into some detail about how he calculated the numbers to determine he had achieved his goal. We also took some questions from social media and discussed his brewery investment and his own personal beer brewing hobby. A couple of the concepts discussed in this episode:  Geographic arbitrage -- Practicing in a low cost of living area while making a great income allows you to save more faster. Sequence of returns risk -- The idea that what happens to your assets (the total returns) around (immediately prior to and immediately after) retirement can determine how comfortably you can withdraw from your overall asset pool. Savings rate -- how much you should be saving as a percentage of post tax income. He challenges people to live on half your take home pay if you want to reach FI sooner. He has now reached a 75% savings rate after reaching FI as he doesn’t have a mortgage or doesn’t need to pay for disability insurance Donor Advised Fund -- An investment account that set up can make charitable contributions to via donated stock or other assets. This account can then continue to grow via the market and you can choose to make your charitable contributions over time.  Clearly this mindset has resonated with many people as the FIRE community has exploded. PoF’s website has demonstrated significant growth over its 2 year existence and he has provided valuable resources for those interested in these topics. I want to thank PoF for joining us on the podcast. I encourage you to visit his Physician on Fire blog where you can get very valuable information. Please let your friends know about this podcast by sharing it on text, whatsapp or whatever social media platform you are on. More episodes of this podcast are available at www.doctormoneymatters.com and  Apple Podcasts,  Google Play,  Stitcher, etc. All episodes are also now on  YouTube (Audio only) and Facebook. You can follow me on twitter @drmoneymatters Please consider joining the Doctor Money Matters Facebook group. Thanks for listening and  please leave us positive reviews and continue to share this podcast with your colleagues. Some other physician hosted podcasts that I recommend are: Docs Outside The Box The Hippocratic Hustle The Happy Doc Doctors Unbound The White Coat Investor There are many others, so please support your physician colleagues.

Welcome to another Doctor Money Matters episode. This is a great episode. I got to interview one of the superheroes of physicians and finance, the Physician on Fire, the anonymous anesthesiologist who started the very popular financial blog by the same name. In this episode we talk about how he decided to go down the FIRE (financial independence, retire early) path, his plans now that he has reached FI (financial independence), and his advice for those who are interested in following this path. We also get into some detail about how he calculated the numbers to determine he had achieved his goal. We also took some questions from social media and discussed his brewery investment and his own personal beer brewing hobby. A couple of the concepts discussed in this episode: <ul> <li>Geographic arbitrage -- Practicing in a low cost of living area while making a great income allows you to save more faster.</li> <li>Sequence of returns risk -- The idea that what happens to your assets (the total returns) around (immediately prior to and immediately after) retirement can determine how comfortably you can withdraw from your overall asset pool.</li> <li>Savings rate -- how much you should be saving as a percentage of post tax income. He challenges people to live on half your take home pay if you want to reach FI sooner. He has now reached a 75% savings rate after reaching FI as he doesn’t have a mortgage or doesn’t need to pay for disability insurance</li> <li>Donor Advised Fund -- An investment account that set up can make charitable contributions to via donated stock or other assets. This account can then continue to grow via the market and you can choose to make your charitable contributions over time.</li> </ul> Clearly this mindset has resonated with many people as the FIRE community has exploded. PoF’s website has demonstrated significant growth over its 2 year existence and he has provided valuable resources for those interested in these topics. I want to thank PoF for joining us on the podcast. I encourage you to visit his <a href="https://www.physicianonfire.com/" rel="nofollow" target="_blank">Physician on Fire</a> blog where you can get very valuable information. Please let your friends know about this podcast by sharing it on text, whatsapp or whatever social media platform you are on. More episodes of this podcast are available at <a href="http://www.doctormoneymatters.com" rel="nofollow" target="_blank">www.doctormoneymatters.com</a> and <a href="https://itunes.apple.com/us/podcast/doctor-money-matters/id1215169117" rel="nofollow" target="_blank"> Apple Podcasts</a>, <a href="https://play.google.com/music/listen?u=0#/ps/Iqthkbdsuau7zrla7lrvhz4in24" rel="nofollow" target="_blank"> Google Play</a>, <a href="https://www.stitcher.com/podcast/doctor-money-matters?refid=stpr" rel="nofollow" target="_blank"> Stitcher</a>, etc. All episodes are also now on <a href="https://www.youtube.com/channel/UCv5uFk2JfKxxPWc0CBLMMqQ/videos?view_as=public" rel="nofollow" target="_blank"> YouTube</a> (Audio only) and <a href="https://www.facebook.com/doctormoneymatters/" rel="nofollow" target="_blank">Facebook</a>. You can follow me on twitter <a href="https://twitter.com/drmoneymatters" rel="nofollow" target="_blank">@drmoneymatters</a> Please consider joining the <a href="https://www.facebook.com/groups/1326741980704002/" rel="nofollow" target="_blank">Doctor Money Matters Facebook group</a>. Thanks for listening and <a href="https://itunes.apple.com/us/podcast/doctor-money-matters/id1215169117?mt=2" rel="nofollow" target="_blank"> please leave us positive reviews</a> and continue to share this podcast with your colleagues. Some other physician hosted podcasts that I recommend are: <a href="http://www.docsotb.com/" rel="nofollow" target="_blank">Docs Outside The Box</a> <a href="https://hippocratichustle.com/" rel="nofollow" target="_blank">The Hippocratic Hustle</a> <a href="http://www.thehappydoc.com/" rel="nofollow" target="_blank">The Happy Doc</a> <a href="http://www.doctorsunbound.com/" rel="nofollow" target="_blank">Doctors Unbound</a> <a href="https://www.whitecoatinvestor.com/" rel="nofollow" target="_blank">The White Coat Investor</a> There are many others, so please support your physician colleagues.

Episode 24. Physician on Fire, MD -- Achieving Financial Independence

Bob Collins

In this episode I talk with Bob Collins of the Medicus Firm, a physician recruitment firm. Bob has spent many years in this field and gives great insight into the job hunt. Many physicians now use a recruiter to help with searching for the right job. We talk about the job market and what is hot right now in the medical field, what can a recruiter do for you, and some of the tips he has gained from years in this field. Primary care and psychiatrists seem to be in major demand. Whether you choose to use a recruiter or not, I think it is valuable to know what they can do for you. In my opinion, using a recruiter is much like using a financial advisor or real estate agent, you can do this yourself, but having someone help guide you may help prevent mistakes in this process.   Key points in this episode    Start the process early, particularly if you are in a field that may not be in as much demand. Involve your significant other in the process. Many times a job maybe fine, but the situation is not great because your partner is unhappy with the location. Salary is only one component of a great job. Location and work environment are the other big factors. It can be hard to get all three in one situation. You should weigh how important each of these factors are to you and your family before selecting a position Use all the resources at your disposal to find the job that is your best fit. Stipends and loan repayment are starting to become more common again for in demand fields.  Remember your first job is likely not the one you will stay with forever as healthcare is not immune to the rapid workplaces changes in most fields. Keep up with the job market even if you are in a good situation currently. You can find out more about The Medicus Firm at www.themedicusfirm.com More episodes of this podcast are available at www.doctormoneymatters.com Thanks for listening and please continue to share with your colleagues.

In this episode I talk with Bob Collins of the Medicus Firm, a physician recruitment firm. Bob has spent many years in this field and gives great insight into the job hunt. Many physicians now use a recruiter to help with searching for the right job. We talk about the job market and what is hot right now in the medical field, what can a recruiter do for you, and some of the tips he has gained from years in this field. Primary care and psychiatrists seem to be in major demand. Whether you choose to use a recruiter or not, I think it is valuable to know what they can do for you. In my opinion, using a recruiter is much like using a financial advisor or real estate agent, you can do this yourself, but having someone help guide you may help prevent mistakes in this process. Key points in this episode <ol> <li>Start the process early, particularly if you are in a field that may not be in as much demand.</li> <li>Involve your significant other in the process. Many times a job maybe fine, but the situation is not great because your partner is unhappy with the location.</li> <li>Salary is only one component of a great job. Location and work environment are the other big factors. It can be hard to get all three in one situation. You should weigh how important each of these factors are to you and your family before selecting a position</li> <li>Use all the resources at your disposal to find the job that is your best fit.</li> <li>Stipends and loan repayment are starting to become more common again for in demand fields.</li> </ol> Remember your first job is likely not the one you will stay with forever as healthcare is not immune to the rapid workplaces changes in most fields. Keep up with the job market even if you are in a good situation currently. You can find out more about <a href="https://www.themedicusfirm.com/" rel="nofollow" target="_blank">The Medicus Firm</a> at <a href="http://www.themedicusfirm.com" rel="nofollow" target="_blank">www.themedicusfirm.com</a> More episodes of this podcast are available at <a href="http://www.doctormoneymatters.com" rel="nofollow" target="_blank">www.doctormoneymatters.com</a> Thanks for listening and please continue to share with your colleagues.

Episode 14. Bob Collins -- Physician Recruitment

Kurt Schoppe

Welcome to the Doctor Money Matters Podcast. This is a podcast about financial topics related to the healthcare professional. I am your host Dr. Tarang Patel, a diagnostic radiologist in Arizona. The topic on this episode is the increasing amount of private equity purchasing/partnering of medical practices in the US. We are seeing in in a variety of fields such as radiology, anesthesiology, emergency medicine, dermatology, just to name a few. I wanted to explore why this is happening. My guest on this episode is Kurt Schoppe, MD a radiologist in Dallas, TX. Kurt is part of the American College of Radiology Economics committee and has experience in the private equity world. On this episode we talk about: What is private equity? Why would they be interested in medical practices?  Fragmentation of medical practices leads to market opportunities. They are good at logistics, operations and can increase efficiencies to improve returns. They can have access to capital to make discount purchases. They see healthcare as a more predictable way to make money.  Why would a practice want to sell to these firms?  FOMO (Fear of Missing Out) Other groups have done so we probably should also. Thinking that your group doesn’t have the expertise to handle a changing healthcare reimbursement model Money right now (particularly for senior partners)  What are they looking for when deciding to buy a practice? What does this mean for medicine as a profession? What does this mean for younger physicians? More episodes of this podcast are available at www.doctormoneymatters.com and  Apple Podcasts,  Google Play,  Stitcher, etc. All episodes are also now on  YouTube (Audio only) and Facebook. You can find Dr. Schoppe on twitter @kurtschoppe You can follow me on: twitter @drmoneymatters Instagram @doctormoneymatters Facebook @doctormoneymatters Please consider joining the Doctor Money Matters Facebook group. Please share this podcast with your colleagues and join our email list. Thanks for listening and  please leave us positive reviews and continue to share this podcast with your colleagues.

Welcome to the Doctor Money Matters Podcast. This is a podcast about financial topics related to the healthcare professional. I am your host Dr. Tarang Patel, a diagnostic radiologist in Arizona. The topic on this episode is the increasing amount of private equity purchasing/partnering of medical practices in the US. We are seeing in in a variety of fields such as radiology, anesthesiology, emergency medicine, dermatology, just to name a few. I wanted to explore why this is happening. My guest on this episode is Kurt Schoppe, MD a radiologist in Dallas, TX. Kurt is part of the American College of Radiology Economics committee and has experience in the private equity world. On this episode we talk about: What is private equity? Why would they be interested in medical practices? <ol> <li>Fragmentation of medical practices leads to market opportunities.</li> <li>They are good at logistics, operations and can increase efficiencies to improve returns.</li> <li>They can have access to capital to make discount purchases.</li> <li>They see healthcare as a more predictable way to make money.</li> </ol> Why would a practice want to sell to these firms? <ol> <li>FOMO (Fear of Missing Out) Other groups have done so we probably should also.</li> <li>Thinking that your group doesn’t have the expertise to handle a changing healthcare reimbursement model</li> <li>Money right now (particularly for senior partners)</li> </ol> What are they looking for when deciding to buy a practice? What does this mean for medicine as a profession? What does this mean for younger physicians? More episodes of this podcast are available at <a href="http://www.doctormoneymatters.com" rel="nofollow" target="_blank">www.doctormoneymatters.com</a> and <a href="https://itunes.apple.com/us/podcast/doctor-money-matters/id1215169117" rel="nofollow" target="_blank"> Apple Podcasts</a>, <a href="https://play.google.com/music/listen?u=0#/ps/Iqthkbdsuau7zrla7lrvhz4in24" rel="nofollow" target="_blank"> Google Play</a>, <a href="https://www.stitcher.com/podcast/doctor-money-matters?refid=stpr" rel="nofollow" target="_blank"> Stitcher</a>, etc. All episodes are also now on <a href="https://www.youtube.com/channel/UCv5uFk2JfKxxPWc0CBLMMqQ/videos?view_as=public" rel="nofollow" target="_blank"> YouTube</a> (Audio only) and <a href="https://www.facebook.com/doctormoneymatters/" rel="nofollow" target="_blank">Facebook</a>. You can find Dr. Schoppe on twitter <a href="https://twitter.com/kurtschoppe?lang=en" rel="nofollow" target="_blank">@kurtschoppe</a> You can follow me on: twitter <a href="https://twitter.com/drmoneymatters" rel="nofollow" target="_blank">@drmoneymatters</a> Instagram <a href="https://www.instagram.com/doctormoneymatters/?hl=en" rel="nofollow" target="_blank">@doctormoneymatters</a> Facebook <a href="https://www.facebook.com/doctormoneymatters/" rel="nofollow" target="_blank">@doctormoneymatters</a> Please consider joining the <a href="https://www.facebook.com/groups/1326741980704002/" rel="nofollow" target="_blank">Doctor Money Matters Facebook group</a>. Please share this podcast with your colleagues and join our email list. Thanks for listening and <a href="https://itunes.apple.com/us/podcast/doctor-money-matters/id1215169117?mt=2" rel="nofollow" target="_blank"> please leave us positive reviews</a> and continue to share this podcast with your colleagues.

Ep 41. Kurt Schoppe, MD -- Private equity buying medical groups. What's the deal? (Part 1)

Anjali Jariwala

Welcome to episode 4 of the Doctor Money Matters podcast. We discuss the tax issues and finances with Anjali Jariwala, CPA founder of FIT Advisors. Taxes are a major issue for many high income healthcare professionals and proper planning can help minimize the pain.

Welcome to episode 4 of the Doctor Money Matters podcast. We discuss the tax issues and finances with Anjali Jariwala, CPA founder of FIT Advisors. Taxes are a major issue for many high income healthcare professionals and proper planning can help minimize the pain.

Episode 4. Anjali Jariwala, CPA -- Taxes

Disha MD

On this episode, my guest is Dr. Disha of The Frugal Physician blog. We talked about her journey from being in debt to quickly paying off loans as a primary care physician despite a few financial setbacks. Obviously it is easier to payback loans in a dual high income couple but for many of my listeners, there is only one earner or one high income earner in the family, so we talk about how she did this. Disha is an internal medicine physician who caught the financial independence bug after a couple of typical new grad mistakes. She went from a high end home on an island in the US to downsizing in order to get down her debt levels. She talks about the moment while she was on maternity leave when it dawned on her that she was worrying about finance rather than concentrating on her family, so she finally had to breakdown and use the B word (Budget). She used the debt snowball approach to line up her debts from smallest to largest in order to get the families finances under control. We talk actual dollar amounts so that you get a better idea of how she was able to reduce housing costs (not just mortgage vs rent, but also maintenance, renovating, etc) In 12 months of concentrated effort, she was able to knock of $150k off the debt. Impressive. Then we hit on where she is now and what her plans are once the debt is paid off. Disha also talked about what perceptions from family members and non physician friends about doctors finances and how she dealt with that. Finally we talk about her George Costanza moment when she walked into her boss’s office and quit her job and then had to go back because she realized she could not afford to do so. Dr. Disha has a great plan for her finances and will no doubt be successful. You can find out more about Disha and her blog at The Frugal Physician More episodes of this podcast are available at www.doctormoneymatters.com and  Apple Podcasts,  Google Play,  Stitcher, etc. All episodes are also now on  YouTube (Audio only) and Facebook. You can follow me on: twitter @drmoneymatters Instagram @doctormoneymatters Facebook @doctormoneymatters Please consider joining the Doctor Money Matters Facebook group. Please share this podcast with your colleagues and join our email list. Thanks for listening and  please leave us positive reviews and continue to share this podcast with your colleagues.

On this episode, my guest is Dr. Disha of The Frugal Physician blog. We talked about her journey from being in debt to quickly paying off loans as a primary care physician despite a few financial setbacks. Obviously it is easier to payback loans in a dual high income couple but for many of my listeners, there is only one earner or one high income earner in the family, so we talk about how she did this. Disha is an internal medicine physician who caught the financial independence bug after a couple of typical new grad mistakes. She went from a high end home on an island in the US to downsizing in order to get down her debt levels. She talks about the moment while she was on maternity leave when it dawned on her that she was worrying about finance rather than concentrating on her family, so she finally had to breakdown and use the B word (Budget). She used the debt snowball approach to line up her debts from smallest to largest in order to get the families finances under control. We talk actual dollar amounts so that you get a better idea of how she was able to reduce housing costs (not just mortgage vs rent, but also maintenance, renovating, etc) In 12 months of concentrated effort, she was able to knock of $150k off the debt. Impressive. Then we hit on where she is now and what her plans are once the debt is paid off. Disha also talked about what perceptions from family members and non physician friends about doctors finances and how she dealt with that. Finally we talk about her George Costanza moment when she walked into her boss’s office and quit her job and then had to go back because she realized she could not afford to do so. Dr. Disha has a great plan for her finances and will no doubt be successful. You can find out more about Disha and her blog at <a href="https://www.thefrugalphysician.com/" rel="nofollow" target="_blank">The Frugal Physician</a> More episodes of this podcast are available at <a href="http://www.doctormoneymatters.com" rel="nofollow" target="_blank">www.doctormoneymatters.com</a> and <a href="https://itunes.apple.com/us/podcast/doctor-money-matters/id1215169117" rel="nofollow" target="_blank"> Apple Podcasts</a>, <a href="https://play.google.com/music/listen?u=0#/ps/Iqthkbdsuau7zrla7lrvhz4in24" rel="nofollow" target="_blank"> Google Play</a>, <a href="https://www.stitcher.com/podcast/doctor-money-matters?refid=stpr" rel="nofollow" target="_blank"> Stitcher</a>, etc. All episodes are also now on <a href="https://www.youtube.com/channel/UCv5uFk2JfKxxPWc0CBLMMqQ/videos?view_as=public" rel="nofollow" target="_blank"> YouTube</a> (Audio only) and <a href="https://www.facebook.com/doctormoneymatters/" rel="nofollow" target="_blank">Facebook</a>. You can follow me on: twitter <a href="https://twitter.com/drmoneymatters" rel="nofollow" target="_blank">@drmoneymatters</a> Instagram <a href="https://www.instagram.com/doctormoneymatters/?hl=en" rel="nofollow" target="_blank">@doctormoneymatters</a> Facebook <a href="https://www.facebook.com/doctormoneymatters/" rel="nofollow" target="_blank">@doctormoneymatters</a> Please consider joining the <a href="https://www.facebook.com/groups/1326741980704002/" rel="nofollow" target="_blank">Doctor Money Matters Facebook group</a>. Please share this podcast with your colleagues and join our email list. Thanks for listening and <a href="https://itunes.apple.com/us/podcast/doctor-money-matters/id1215169117?mt=2" rel="nofollow" target="_blank"> please leave us positive reviews</a> and continue to share this podcast with your colleagues.

Ep 49. Dr. Disha MD -- The Frugal Physician

Doc G

Ep 37 This is a 2 part episode, so make sure you listen to episode 38 (part 2) How did this internal medicine physician achieve a high net worth ($6M) at a young age? How was he able to 5X his income from the time he started practicing to now as a primary care physician in a large metro area? Many physicians are resigned to the work, work, work mentality but don’t have a plan to increase their professional income. Investing is great and passive income is fantastic, but why not get paid appropriately for what you trained all these years for? Doc G talks about how he learned to optimize his workflow at all stages in his career and was constantly assessing what brought him income and joy and tried to remove those parts of his practice that didn’t. While we are constantly learning about medicine via journals, conferences, presentations, etc, how many of you are consistently optimizing your own practice? It’s important because it will bring you greater job satisfaction and decrease burnout. The corporate practices do this but not for your benefit, so its vital that you assess how you practice. It’s also great to see that primary care physicians can become very successful financially in this era of medicine. Let’s continue the discussion over at the Doctor Money Matters private FB group (you need to request membership). You can follow Doc G’s blog at www.diversefi.com where he goes into depth on these topics. You can also follow him on twitter @DocGDiversefi This is the rockstar finance ranking of the bloggers by net worth. 4 of the top 5 are physicians, but Doc G is one of the younger ones. One of our previous guests is also on there. Dr. Cory Fawcett. (Episode 5 about debt) Follow me: Twitter @drmoneymatters Instagram @doctormoneymatters Facebook @doctormoneymatters

Ep 37 This is a 2 part episode, so make sure you listen to episode 38 (part 2) How did this internal medicine physician achieve a high net worth ($6M) at a young age? How was he able to 5X his income from the time he started practicing to now as a primary care physician in a large metro area? Many physicians are resigned to the work, work, work mentality but don’t have a plan to increase their professional income. Investing is great and passive income is fantastic, but why not get paid appropriately for what you trained all these years for? Doc G talks about how he learned to optimize his workflow at all stages in his career and was constantly assessing what brought him income and joy and tried to remove those parts of his practice that didn’t. While we are constantly learning about medicine via journals, conferences, presentations, etc, how many of you are consistently optimizing your own practice? It’s important because it will bring you greater job satisfaction and decrease burnout. The corporate practices do this but not for your benefit, so its vital that you assess how you practice. It’s also great to see that primary care physicians can become very successful financially in this era of medicine. Let’s continue the discussion over at the <a href="https://www.facebook.com/groups/doctormoneymatters/" rel="nofollow" target="_blank">Doctor Money Matters private FB group</a> (you need to request membership). You can follow Doc G’s blog at <a href="http://www.diversefi.com" rel="nofollow" target="_blank">www.diversefi.com</a> where he goes into depth on these topics. You can also follow him on twitter <a href="https://twitter.com/docgdiversefi" rel="nofollow" target="_blank">@DocGDiversefi</a> This is the <a href="https://directory.rockstarfinance.com/blogger-net-worth-tracker" rel="nofollow" target="_blank">rockstar finance</a> ranking of the bloggers by net worth. 4 of the top 5 are physicians, but Doc G is one of the younger ones. One of our previous guests is also on there. Dr. Cory Fawcett. (<a href="http://www.doctormoneymatters.com/episode-5-eliminating-debt-cory-fawcett-md/" rel="nofollow" target="_blank">Episode 5</a> about debt) Follow me: Twitter <a href="https://twitter.com/drmoneymatters?lang=en" rel="nofollow" target="_blank">@drmoneymatters</a> Instagram <a href="https://www.instagram.com/doctormoneymatters/?hl=en" rel="nofollow" target="_blank">@doctormoneymatters</a> Facebook <a href="https://www.facebook.com/doctormoneymatters/" rel="nofollow" target="_blank">@doctormoneymatters</a>

Ep. 37 Doc G -- Getting to 5X income as a primary care physician (part 1)

Part 2. Private Equity buying medical groups -- What’s the deal? Ep 42 is part 2 (Ep 41 is part 1) of the episode talking about private equity buying medical groups. There is an increasing amount of private equity purchasing/partnering of medical practices in the US. We are seeing in in a variety of fields such as radiology, anesthesiology, emergency medicine, dermatology, just to name a few. I wanted to explore why this is happening. My guest on this episode is Kurt Schoppe, MD a radiologist in Dallas, TX. Kurt is part of the American College of Radiology Economics committee and has experience in the private equity world. On these episodes we talk about: What is private equity? Why would they be interested in medical practices?  Fragmentation of medical practices leads to market opportunities. They are good at logistics, operations and can increase efficiencies to improve returns. They can have access to capital to make discount purchases. They see healthcare as a more predictable way to make money.  Why would a practice want to sell to these firms?  FOMO (Fear of Missing Out) Other groups have done so we probably should also. Thinking that your group doesn’t have the expertise to handle a changing healthcare reimbursement model Money right now (particularly for senior partners)  What are they looking for when deciding to buy a practice? What does this mean for medicine as a profession? What does this mean for younger physicians? Here is the article Dr. Schoppe referenced about corporate veterinary practices.  https://www.bloomberg.com/news/features/2017-01-05/when-big-business-happens-to-your-pet More episodes of this podcast are available at www.doctormoneymatters.com and  Apple Podcasts,  Google Play,  Stitcher, etc. All episodes are also now on  YouTube (Audio only) and Facebook. You can find Dr. Schoppe on twitter @kurtschoppe You can follow me on: twitter @drmoneymatters Instagram @doctormoneymatters Facebook @doctormoneymatters Please consider joining the Doctor Money Matters Facebook group. Please share this podcast with your colleagues and join our email list. Thanks for listening and  please leave us positive reviews and continue to share this podcast with your colleagues.

Part 2. Private Equity buying medical groups -- What’s the deal? Ep 42 is part 2 (<a href="http://www.doctormoneymatters.com/episode41/" rel="nofollow" target="_blank">Ep 41 is part 1)</a> of the episode talking about private equity buying medical groups. There is an increasing amount of private equity purchasing/partnering of medical practices in the US. We are seeing in in a variety of fields such as radiology, anesthesiology, emergency medicine, dermatology, just to name a few. I wanted to explore why this is happening. My guest on this episode is Kurt Schoppe, MD a radiologist in Dallas, TX. Kurt is part of the American College of Radiology Economics committee and has experience in the private equity world. On these episodes we talk about: What is private equity? Why would they be interested in medical practices? <ol> <li>Fragmentation of medical practices leads to market opportunities.</li> <li>They are good at logistics, operations and can increase efficiencies to improve returns.</li> <li>They can have access to capital to make discount purchases.</li> <li>They see healthcare as a more predictable way to make money.</li> </ol> Why would a practice want to sell to these firms? <ol> <li>FOMO (Fear of Missing Out) Other groups have done so we probably should also.</li> <li>Thinking that your group doesn’t have the expertise to handle a changing healthcare reimbursement model</li> <li>Money right now (particularly for senior partners)</li> </ol> What are they looking for when deciding to buy a practice? What does this mean for medicine as a profession? What does this mean for younger physicians? Here is the article Dr. Schoppe referenced about corporate veterinary practices. <a href="https://www.bloomberg.com/news/features/2017-01-05/when-big-business-happens-to-your-pet" rel="nofollow" target="_blank"> https://www.bloomberg.com/news/features/2017-01-05/when-big-business-happens-to-your-pet</a> More episodes of this podcast are available at <a href="http://www.doctormoneymatters.com/" rel="nofollow" target="_blank">www.doctormoneymatters.com</a> and <a href="https://itunes.apple.com/us/podcast/doctor-money-matters/id1215169117" rel="nofollow" target="_blank"> Apple Podcasts</a>, <a href="https://play.google.com/music/listen?u=0#/ps/Iqthkbdsuau7zrla7lrvhz4in24" rel="nofollow" target="_blank"> Google Play</a>, <a href="https://www.stitcher.com/podcast/doctor-money-matters?refid=stpr" rel="nofollow" target="_blank"> Stitcher</a>, etc. All episodes are also now on <a href="https://www.youtube.com/channel/UCv5uFk2JfKxxPWc0CBLMMqQ/videos?view_as=public" rel="nofollow" target="_blank"> YouTube</a> (Audio only) and <a href="https://www.facebook.com/doctormoneymatters/" rel="nofollow" target="_blank">Facebook</a>. You can find Dr. Schoppe on twitter <a href="https://twitter.com/kurtschoppe?lang=en" rel="nofollow" target="_blank">@kurtschoppe</a> You can follow me on: twitter <a href="https://twitter.com/drmoneymatters" rel="nofollow" target="_blank">@drmoneymatters</a> Instagram <a href="https://www.instagram.com/doctormoneymatters/?hl=en" rel="nofollow" target="_blank">@doctormoneymatters</a> Facebook <a href="https://www.facebook.com/doctormoneymatters/" rel="nofollow" target="_blank">@doctormoneymatters</a> Please consider joining the <a href="https://www.facebook.com/groups/1326741980704002/" rel="nofollow" target="_blank">Doctor Money Matters Facebook group</a>. Please share this podcast with your colleagues and join our email list. Thanks for listening and <a href="https://itunes.apple.com/us/podcast/doctor-money-matters/id1215169117?mt=2" rel="nofollow" target="_blank"> please leave us positive reviews</a> and continue to share this podcast with your colleagues.

Ep 42. Kurt Schoppe, MD (part 2) Private Equity buying medical groups. What's the deal?

Rick Ferri

On this episode, my guest is Rick Ferri, CFA, a well known advocate of index fund investing.  Passive investing (just using ETFs does not mean passive investing) What to do before you do portfolio construction   Accumulation of assets (savings rate first and then portfolio optimization) Living below your means Accumulating knowledge   Portfolio construction The stages of investor education (Core4)   Darkness enlightenment Complexity Simplicity    We go over some common scenarios about how to invest and Rick gives some principles to think about before deciding what to do. Finally Rick reminds us physicians, that even though we went to medical school, we are not special when it comes to investing. Its good advice. You can find out more about Rick at rickferri.com and core-4.com for a list of his principles and publications. He also started the new Bogleheads on investing podcast, so be sure to check it out and his new book, The education of an Index Investor. More episodes of this podcast are available at www.doctormoneymatters.com and  Apple Podcasts,  Google Play,  Stitcher, etc. All episodes are also now on  YouTube (Audio only) and Facebook.   You can follow me on: twitter @drmoneymatters Instagram @doctormoneymatters Facebook @doctormoneymatters Please consider joining the Doctor Money Matters Facebook group. Please share this podcast with your colleagues and join our email list. Thanks for listening and  please leave us positive reviews and continue to share this podcast with your colleagues.

On this episode, my guest is Rick Ferri, CFA, a well known advocate of index fund investing. <ul> <li>Passive investing (just using ETFs does not mean passive investing)</li> <li>What to do before you do portfolio construction</li> <li> <ul> <li>Accumulation of assets (savings rate first and then portfolio optimization)</li> <li>Living below your means</li> <li>Accumulating knowledge</li> </ul> </li> <li>Portfolio construction</li> <li>The stages of investor education (Core4)</li> <li> <ul> <li>Darkness</li> <li>enlightenment</li> <li>Complexity</li> <li>Simplicity</li> </ul> </li> </ul> We go over some common scenarios about how to invest and Rick gives some principles to think about before deciding what to do. Finally Rick reminds us physicians, that even though we went to medical school, we are not special when it comes to investing. Its good advice. You can find out more about Rick at <a href="https://rickferri.com/" rel="nofollow" target="_blank">rickferri.com</a> and <a href="https://core-4.com/" rel="nofollow" target="_blank">core-4.com</a> for a list of his principles and publications. He also started the new Bogleheads on investing podcast, so be sure to check it out and his new book, The education of an Index Investor. More episodes of this podcast are available at <a href="http://www.doctormoneymatters.com" rel="nofollow" target="_blank">www.doctormoneymatters.com</a> and <a href="https://itunes.apple.com/us/podcast/doctor-money-matters/id1215169117" rel="nofollow" target="_blank"> Apple Podcasts</a>, <a href="https://play.google.com/music/listen?u=0#/ps/Iqthkbdsuau7zrla7lrvhz4in24" rel="nofollow" target="_blank"> Google Play</a>, <a href="https://www.stitcher.com/podcast/doctor-money-matters?refid=stpr" rel="nofollow" target="_blank"> Stitcher</a>, etc. All episodes are also now on <a href="https://www.youtube.com/channel/UCv5uFk2JfKxxPWc0CBLMMqQ/videos?view_as=public" rel="nofollow" target="_blank"> YouTube</a> (Audio only) and <a href="https://www.facebook.com/doctormoneymatters/" rel="nofollow" target="_blank">Facebook</a>. You can follow me on: twitter <a href="https://twitter.com/drmoneymatters" rel="nofollow" target="_blank">@drmoneymatters</a> Instagram <a href="https://www.instagram.com/doctormoneymatters/?hl=en" rel="nofollow" target="_blank">@doctormoneymatters</a> Facebook <a href="https://www.facebook.com/doctormoneymatters/" rel="nofollow" target="_blank">@doctormoneymatters</a> Please consider joining the <a href="https://www.facebook.com/groups/1326741980704002/" rel="nofollow" target="_blank">Doctor Money Matters Facebook group</a>. Please share this podcast with your colleagues and join our email list. Thanks for listening and <a href="https://itunes.apple.com/us/podcast/doctor-money-matters/id1215169117?mt=2" rel="nofollow" target="_blank"> please leave us positive reviews</a> and continue to share this podcast with your colleagues.

Ep. 48 -- Rick Ferri, CFA

Sarah Fallaw

My guest on this podcast is Sarah Fallaw, PhD author of the new book. The Next Millionaire Next Door. This is a follow up to the blockbuster book that her father wrote, The Millionaire Next Door. Sarah and her father worked on the follow up together, but he passed away prior to the release. That book was a big inspiration for me to get my financial house in order.  Sarah is an industrial psychologist who runs the firm Data Points where she now studies behavioral finance and the ability for people to build wealth. In the interview we talk about  Why doctors were/are under accumulators of wealth What issues are different now than when the last book came out? What are the enduring traits of Millionaires Next Door? Do MNDs use financial advisors? How has social media impacted frugality? What kind of homes/cars are MNDs purchasing?  You can find out more about Sarah and her company at www.datapoints.com The Next Millionaire Next Door and the original The Millionaire Next Door are available on Amazon or anywhere else you purchase books. More episodes of this podcast are available at www.doctormoneymatters.com and  Apple Podcasts,  Google Play,  Stitcher, etc. All episodes are also now on  YouTube (Audio only) and Facebook. You can follow me on: twitter @drmoneymatters Instagram @doctormoneymatters Facebook @doctormoneymatters Please consider joining the Doctor Money Matters Facebook group. Please share this podcast with your colleagues and join our email list. Thanks for listening and  please leave us positive reviews and continue to share this podcast with your colleagues.

My guest on this podcast is Sarah Fallaw, PhD author of the new book. The Next Millionaire Next Door. This is a follow up to the blockbuster book that her father wrote, The Millionaire Next Door. Sarah and her father worked on the follow up together, but he passed away prior to the release. That book was a big inspiration for me to get my financial house in order.  Sarah is an industrial psychologist who runs the firm Data Points where she now studies behavioral finance and the ability for people to build wealth. In the interview we talk about <ul> <li>Why doctors were/are under accumulators of wealth</li> <li>What issues are different now than when the last book came out?</li> <li>What are the enduring traits of Millionaires Next Door?</li> <li>Do MNDs use financial advisors?</li> <li>How has social media impacted frugality?</li> <li>What kind of homes/cars are MNDs purchasing?</li> </ul> You can find out more about Sarah and her company at <a href="http://www.datapoints.com" rel="nofollow" target="_blank">www.datapoints.com</a> The Next Millionaire Next Door and the original The Millionaire Next Door are available on Amazon or anywhere else you purchase books. More episodes of this podcast are available at <a href="http://www.doctormoneymatters.com" rel="nofollow" target="_blank">www.doctormoneymatters.com</a> and <a href="https://itunes.apple.com/us/podcast/doctor-money-matters/id1215169117" rel="nofollow" target="_blank"> Apple Podcasts</a>, <a href="https://play.google.com/music/listen?u=0#/ps/Iqthkbdsuau7zrla7lrvhz4in24" rel="nofollow" target="_blank"> Google Play</a>, <a href="https://www.stitcher.com/podcast/doctor-money-matters?refid=stpr" rel="nofollow" target="_blank"> Stitcher</a>, etc. All episodes are also now on <a href="https://www.youtube.com/channel/UCv5uFk2JfKxxPWc0CBLMMqQ/videos?view_as=public" rel="nofollow" target="_blank"> YouTube</a> (Audio only) and <a href="https://www.facebook.com/doctormoneymatters/" rel="nofollow" target="_blank">Facebook</a>. You can follow me on: twitter <a href="https://twitter.com/drmoneymatters" rel="nofollow" target="_blank">@drmoneymatters</a> Instagram <a href="https://www.instagram.com/doctormoneymatters/?hl=en" rel="nofollow" target="_blank">@doctormoneymatters</a> Facebook <a href="https://www.facebook.com/doctormoneymatters/" rel="nofollow" target="_blank">@doctormoneymatters</a> Please consider joining the <a href="https://www.facebook.com/groups/1326741980704002/" rel="nofollow" target="_blank">Doctor Money Matters Facebook group</a>. Please share this podcast with your colleagues and join our email list. Thanks for listening and <a href="https://itunes.apple.com/us/podcast/doctor-money-matters/id1215169117?mt=2" rel="nofollow" target="_blank"> please leave us positive reviews</a> and continue to share this podcast with your colleagues.

Ep 46. Sarah Fallaw PhD -- The Next Millionaire Next Door

David Anderson

Victor Mangona

Episode 26 Doctor Money Matters. This is the second part of the Episode 25 podcast. Welcome to another Doctor Money Matters episode. This is a double episode with guests in 2 separate locations in Texas. I split the conversation into 2 separate episodes (25 and 26) so please make sure you listen to both. I interviewed David Anderson, DO and Victor Mangona, MD, 2 of the most detailed oriented and helpful members of the various physician finance facebook groups including the Doctor Money Matters group. There was a little technical issue with David’s audio so it may not perfectly clear, but bear with it as the content discussed today is pure gold. In this episode we go into detail about many of the concepts repeatedly discussed on these various forums.  Tax rates (Effective vs Marginal) Paying down debt vs investing. Using a 529 plan to establish a legacy of education for future generations Cryptocurrency. To be fair this interview occurred while we were near the height of the mania earlier this year. The necessity vs the value of paying for financial advice. When should you pay for advice? We also discussed an interesting idea about medical schools paying for disability and life insurance for their students after hearing about a sad story in which a young medical student passed away on the interview trail. The GoFundMe page is no longer active and ended up raising $304K. Victor also outlined a strategy for how to use the funds to generate income for the family.  I hope you enjoyed this double episode and hearing the voice of 2 people who have provided valuable and detailed information to many of us in my group and many of the other forums for physicians. I know I have benefited from their well thought out analysis and explanations and I am that will continue. Remember we are not professional planners (though David is working on that) and our discussion and recommendations may not be appropriate for everyone. Please do your own due diligence prior to acting on any topics discussed on this and any episodes of this podcast. Please continue to let your friends, students, colleagues know about this podcast by sharing it on text, or whatever social media platform you are on and please leave positive reviews. It really does help a lot. I know its not the easiest thing to leave a review, so on iTunes/Apple Podcast via your iPhone just find the show and scroll down to where it says Tap to leave a review and put in the number of stars you feel appropriate (5 stars are the best). More episodes of this podcast are available at www.doctormoneymatters.com and  Apple Podcasts,  Google Play,  Stitcher, etc. All episodes are also now on  YouTube (Audio only) and our Facebook page also. You can follow me on twitter @drmoneymatters Please consider joining the Doctor Money Matters Facebook group. Thanks for listening and  please leave us positive reviews and continue to share this podcast with your colleagues. Some other physician hosted podcasts that I recommend are: Docs Outside The Box The Hippocratic Hustle The Happy Doc Doctors Unbound The White Coat Investor There are many others, so please support your physician colleagues.

Episode 26 Doctor Money Matters. This is the second part of the Episode 25 podcast. Welcome to another Doctor Money Matters episode. This is a double episode with guests in 2 separate locations in Texas. I split the conversation into 2 separate episodes (25 and 26) so please make sure you listen to both. I interviewed David Anderson, DO and Victor Mangona, MD, 2 of the most detailed oriented and helpful members of the various physician finance facebook groups including the Doctor Money Matters group. There was a little technical issue with David’s audio so it may not perfectly clear, but bear with it as the content discussed today is pure gold. In this episode we go into detail about many of the concepts repeatedly discussed on these various forums. <ul> <li>Tax rates (Effective vs Marginal)</li> <li>Paying down debt vs investing.</li> <li>Using a 529 plan to establish a legacy of education for future generations</li> <li>Cryptocurrency. To be fair this interview occurred while we were near the height of the mania earlier this year.</li> <li>The necessity vs the value of paying for financial advice. When should you pay for advice?</li> <li>We also discussed an interesting idea about medical schools paying for disability and life insurance for their students after hearing about a sad story in which a young medical student passed away on the interview trail. The GoFundMe page is no longer active and ended up raising $304K. Victor also outlined a strategy for how to use the funds to generate income for the family.</li> </ul> I hope you enjoyed this double episode and hearing the voice of 2 people who have provided valuable and detailed information to many of us in my group and many of the other forums for physicians. I know I have benefited from their well thought out analysis and explanations and I am that will continue. Remember we are not professional planners (though David is working on that) and our discussion and recommendations may not be appropriate for everyone. Please do your own due diligence prior to acting on any topics discussed on this and any episodes of this podcast. Please continue to let your friends, students, colleagues know about this podcast by sharing it on text, or whatever social media platform you are on and please leave positive reviews. It really does help a lot. I know its not the easiest thing to leave a review, so on iTunes/Apple Podcast via your iPhone just find the show and scroll down to where it says Tap to leave a review and put in the number of stars you feel appropriate (5 stars are the best). More episodes of this podcast are available at <a href="http://www.doctormoneymatters.com" rel="nofollow" target="_blank">www.doctormoneymatters.com</a> and <a href="https://itunes.apple.com/us/podcast/doctor-money-matters/id1215169117" rel="nofollow" target="_blank"> Apple Podcasts</a>, <a href="https://play.google.com/music/listen?u=0#/ps/Iqthkbdsuau7zrla7lrvhz4in24" rel="nofollow" target="_blank"> Google Play</a>, <a href="https://www.stitcher.com/podcast/doctor-money-matters?refid=stpr" rel="nofollow" target="_blank"> Stitcher</a>, etc. All episodes are also now on <a href="https://www.youtube.com/channel/UCv5uFk2JfKxxPWc0CBLMMqQ/videos?view_as=public" rel="nofollow" target="_blank"> YouTube</a> (Audio only) and our <a href="https://www.facebook.com/doctormoneymatters/" rel="nofollow" target="_blank">Facebook</a> page also. You can follow me on twitter <a href="https://twitter.com/drmoneymatters" rel="nofollow" target="_blank">@drmoneymatters</a> Please consider joining the <a href="https://www.facebook.com/groups/1326741980704002/" rel="nofollow" target="_blank">Doctor Money Matters Facebook group</a>. Thanks for listening and <a href="https://itunes.apple.com/us/podcast/doctor-money-matters/id1215169117?mt=2" rel="nofollow" target="_blank"> please leave us positive reviews</a> and continue to share this podcast with your colleagues. Some other physician hosted podcasts that I recommend are: <a href="http://www.docsotb.com/" rel="nofollow" target="_blank">Docs Outside The Box</a> <a href="https://hippocratichustle.com/" rel="nofollow" target="_blank">The Hippocratic Hustle</a> <a href="http://www.thehappydoc.com/" rel="nofollow" target="_blank">The Happy Doc</a> <a href="http://www.doctorsunbound.com/" rel="nofollow" target="_blank">Doctors Unbound</a> <a href="https://www.whitecoatinvestor.com/" rel="nofollow" target="_blank">The White Coat Investor</a> There are many others, so please support your physician colleagues.

Episode 26. David Anderson, DO and Victor Mangona, MD

Amy Shah

Welcome to another Doctor Money Matters episode. In this episode I talk with Dr. Amy Shah, an allergy specialist and good friend who turned her passion for nutrition and health into a few solid side gigs. Before I introduce Amy, I would like to talk a bit about why so many doctors are looking for side gigs. It seems crazy that people would undergo 11-17 years of post high school training and then want to look for an additional job after they worked so hard to achieve the primary one.  It speaks to the dissatisfaction, disillusionment, and loss of autonomy that so many in medicine feel now. The wall st journal had an article this past weekend about physician burnout and I have addressed it on prior episodes. We didn’t get into medicine to have our expertise undermined or questioned by those with less training. We are also less likely to be allowed to use our creative sides in medicine than generations past, and so we must express that part of ourselves in otherways. Finally maybe this is the function of living in the day and age of the gig economy and also the easy and cheap technologies with which we can start businesses (though succeeding is another story. That leads me back to my guest Amy Shah, who is succeeding. Amy is a relative pioneer in using social media to expand her reach and develop a personal brand. It has been great to watch her develop this non traditional endeavor over the last few years. She definitely has been an inspiration and source of encouragement as I started my podcast. In this episode we talk about:  How she developed an interest in nutrition at an early age Her mindset about developing her passion into a viable business rather than just a hobby. Some of the fears she faced while trying to develop her status as an authority on these topics Her advice for those who are starting this process Her goals for the future of her various endeavours  Amy, in addition to practicing as an allergist, does personal wellness consults, has developed products including supplements, and as she talks about in the show, customized earbuds called SoundMolds (in conjunction with one of her ENT partners), worked with Bobbi Brown in the cosmetics industry, and now working with Genexa, an organic medication company. She also is starting to do physician webinars and live person coaching for those interested in learning how she has done these various things.  You can follow Amy on Instagram at @dramyshah or at her website www.amymdwellness.com. She also created a popular facebook group for those interested in healthier south asian cooking called Desi Carb Fix that has over 5k members. Thanks for joining us on another episode of Doctor Money Matters. If this is the first episode you have heard, I appreciate you taking the time out and listening and encourage you to listen to our past episodes. I would also appreciate you leaving me a positive review on Apple Podcasts and also recommend you join our facebook group where we have ongoing discussions about this and other topics in order to help each other reach our financial goals. Finally please subscribe to our email list on the website and subscribe to the show on your favorite podcast app so you will have new episodes downloaded automatically when they are released. More episodes of this podcast are available at www.doctormoneymatters.com and  Apple Podcasts,  Google Play,  Stitcher, etc. All episodes are also now on  YouTube (Audio only) and Facebook. You can follow me on twitter @drmoneymatters and on FB/Instagram at Doctor Money Matters Please consider joining the Doctor Money Matters Facebook group. Thanks for listening and  please leave us positive reviews and continue to share this podcast with your colleagues.

Welcome to another Doctor Money Matters episode. In this episode I talk with Dr. Amy Shah, an allergy specialist and good friend who turned her passion for nutrition and health into a few solid side gigs. Before I introduce Amy, I would like to talk a bit about why so many doctors are looking for side gigs. It seems crazy that people would undergo 11-17 years of post high school training and then want to look for an additional job after they worked so hard to achieve the primary one.  It speaks to the dissatisfaction, disillusionment, and loss of autonomy that so many in medicine feel now. The wall st journal had an article this past weekend about physician burnout and I have addressed it on prior episodes. We didn’t get into medicine to have our expertise undermined or questioned by those with less training. We are also less likely to be allowed to use our creative sides in medicine than generations past, and so we must express that part of ourselves in otherways. Finally maybe this is the function of living in the day and age of the gig economy and also the easy and cheap technologies with which we can start businesses (though succeeding is another story. That leads me back to my guest Amy Shah, who is succeeding. Amy is a relative pioneer in using social media to expand her reach and develop a personal brand. It has been great to watch her develop this non traditional endeavor over the last few years. She definitely has been an inspiration and source of encouragement as I started my podcast. In this episode we talk about: <ul> <li>How she developed an interest in nutrition at an early age</li> <li>Her mindset about developing her passion into a viable business rather than just a hobby.</li> <li>Some of the fears she faced while trying to develop her status as an authority on these topics</li> <li>Her advice for those who are starting this process</li> <li>Her goals for the future of her various endeavours</li> </ul> Amy, in addition to practicing as an allergist, does personal wellness consults, has developed products including supplements, and as she talks about in the show, customized earbuds called SoundMolds (in conjunction with one of her ENT partners), worked with Bobbi Brown in the cosmetics industry, and now working with Genexa, an organic medication company. She also is starting to do physician webinars and live person coaching for those interested in learning how she has done these various things. You can follow Amy on Instagram at <a href="https://www.instagram.com/dramyshah/?hl=en" rel="nofollow" target="_blank">@dramyshah</a> or at her website <a href="http://www.amymdwellness.com" rel="nofollow" target="_blank">www.amymdwellness.com</a>. She also created a popular facebook group for those interested in healthier south asian cooking called <a href="https://www.facebook.com/groups/desicarbfix/" rel="nofollow" target="_blank">Desi Carb Fix</a> that has over 5k members. Thanks for joining us on another episode of Doctor Money Matters. If this is the first episode you have heard, I appreciate you taking the time out and listening and encourage you to listen to our past episodes. I would also appreciate you leaving me a positive review on Apple Podcasts and also recommend you join our facebook group where we have ongoing discussions about this and other topics in order to help each other reach our financial goals. Finally please subscribe to our email list on the website and subscribe to the show on your favorite podcast app so you will have new episodes downloaded automatically when they are released. More episodes of this podcast are available at <a href="http://www.doctormoneymatters.com" rel="nofollow" target="_blank">www.doctormoneymatters.com</a> and <a href="https://itunes.apple.com/us/podcast/doctor-money-matters/id1215169117" rel="nofollow" target="_blank"> Apple Podcasts</a>, <a href="https://play.google.com/music/listen?u=0#/ps/Iqthkbdsuau7zrla7lrvhz4in24" rel="nofollow" target="_blank"> Google Play</a>, <a href="https://www.stitcher.com/podcast/doctor-money-matters?refid=stpr" rel="nofollow" target="_blank"> Stitcher</a>, etc. All episodes are also now on <a href="https://www.youtube.com/channel/UCv5uFk2JfKxxPWc0CBLMMqQ/videos?view_as=public" rel="nofollow" target="_blank"> YouTube</a> (Audio only) and <a href="https://www.facebook.com/doctormoneymatters/" rel="nofollow" target="_blank">Facebook</a>. You can follow me on twitter <a href="https://twitter.com/drmoneymatters" rel="nofollow" target="_blank">@drmoneymatters</a> and on FB/Instagram at Doctor Money Matters Please consider joining the <a href="https://www.facebook.com/groups/1326741980704002/" rel="nofollow" target="_blank">Doctor Money Matters Facebook group</a>. Thanks for listening and <a href="https://itunes.apple.com/us/podcast/doctor-money-matters/id1215169117?mt=2" rel="nofollow" target="_blank"> please leave us positive reviews</a> and continue to share this podcast with your colleagues.

Ep 33. Amy Shah, MD -- Creating a successful side gig

Nisha Mehta

Welcome to another Doctor Money Matters episode. This episode is about striving for work life balance within the context of a dual physician couple. I talk with a physician couple, Drs. Nisha Mehta and Parag Butala from Charlotte, NC. They are both specialists in demanding fields (Nisha is a radiologist and Parag is a plastic surgeon). In this episode we discuss:  How they balance their professional goals between 2 high achievers What did each of them give up and how did they structure the life they want to lead How does their typical day go? The reality that you won’t be able to be the best in all aspects of your life everyday. Parag’s bucket strategy They talk about their hopes for their children How Nisha’s “side gig” has grown and altered her balance and how they both have to frequently reassess their lives General financial advice they have for other physicians  I really enjoyed talking with Nisha and Parag and this impressive couple really has a great perspective about the life they want to lead. It’s not always an easy path but financial independence is a tool to help us achieve this ultimate goal. Nisha’s blog can be found at nishamehtamd.com Please let your friends know about this podcast by sharing it on text, whatsapp or whatever social media platform you are on. More episodes of this podcast are available at www.doctormoneymatters.com and  Apple Podcasts,  Google Play,  Stitcher, etc. All episodes are also now on  YouTube (Audio only) and Facebook. You can follow me on twitter @drmoneymatters Please consider joining the Doctor Money Matters Facebook group  where we discuss many of the topics addressed on the podcast. Nisha’s Physician Side Gigs group is also on facebook and many of you are already part of it. I encourage you to join if you haven’t done so. Thanks for listening and  please leave us positive reviews and continue to share this podcast with your colleagues. Some other physician hosted podcasts that I recommend are: Docs Outside The Box The Hippocratic Hustle The Happy Doc Doctors Unbound The White Coat InvestorThere are many others, so please support your physician colleagues.

Welcome to another Doctor Money Matters episode. This episode is about striving for work life balance within the context of a dual physician couple. I talk with a physician couple, Drs. Nisha Mehta and Parag Butala from Charlotte, NC. They are both specialists in demanding fields (Nisha is a radiologist and Parag is a plastic surgeon). In this episode we discuss: <ul> <li>How they balance their professional goals between 2 high achievers</li> <li>What did each of them give up and how did they structure the life they want to lead</li> <li>How does their typical day go?</li> <li>The reality that you won’t be able to be the best in all aspects of your life everyday.</li> <li>Parag’s bucket strategy</li> <li>They talk about their hopes for their children</li> <li>How Nisha’s “side gig” has grown and altered her balance and how they both have to frequently reassess their lives</li> <li>General financial advice they have for other physicians</li> </ul> I really enjoyed talking with Nisha and Parag and this impressive couple really has a great perspective about the life they want to lead. It’s not always an easy path but financial independence is a tool to help us achieve this ultimate goal. Nisha’s blog can be found at <a href="https://www.nishamehtamd.com/" rel="nofollow" target="_blank">nishamehtamd.com</a> Please let your friends know about this podcast by sharing it on text, whatsapp or whatever social media platform you are on. More episodes of this podcast are available at <a href="http://www.doctormoneymatters.com" rel="nofollow" target="_blank">www.doctormoneymatters.com</a> and <a href="https://itunes.apple.com/us/podcast/doctor-money-matters/id1215169117" rel="nofollow" target="_blank"> Apple Podcasts</a>, <a href="https://play.google.com/music/listen?u=0#/ps/Iqthkbdsuau7zrla7lrvhz4in24" rel="nofollow" target="_blank"> Google Play</a>, <a href="https://www.stitcher.com/podcast/doctor-money-matters?refid=stpr" rel="nofollow" target="_blank"> Stitcher</a>, etc. All episodes are also now on <a href="https://www.youtube.com/channel/UCv5uFk2JfKxxPWc0CBLMMqQ/videos?view_as=public" rel="nofollow" target="_blank"> YouTube</a> (Audio only) and <a href="https://www.facebook.com/doctormoneymatters/" rel="nofollow" target="_blank">Facebook</a>. You can follow me on twitter <a href="https://twitter.com/drmoneymatters" rel="nofollow" target="_blank">@drmoneymatters</a> Please consider joining the <a href="https://www.facebook.com/groups/1326741980704002/" rel="nofollow" target="_blank">Doctor Money Matters Facebook group</a>  where we discuss many of the topics addressed on the podcast. Nisha’s <a href="https://www.facebook.com/groups/PhysicianSideGigs/" rel="nofollow" target="_blank">Physician Side Gigs group</a> is also on facebook and many of you are already part of it. I encourage you to join if you haven’t done so. Thanks for listening and <a href="https://itunes.apple.com/us/podcast/doctor-money-matters/id1215169117?mt=2" rel="nofollow" target="_blank"> please leave us positive reviews</a> and continue to share this podcast with your colleagues. Some other physician hosted podcasts that I recommend are: <a href="http://www.docsotb.com/" rel="nofollow" target="_blank">Docs Outside The Box</a> <a href="https://hippocratichustle.com/" rel="nofollow" target="_blank">The Hippocratic Hustle</a> <a href="http://www.thehappydoc.com/" rel="nofollow" target="_blank">The Happy Doc</a> <a href="http://www.doctorsunbound.com/" rel="nofollow" target="_blank">Doctors Unbound</a> <a href="https://www.whitecoatinvestor.com/" rel="nofollow" target="_blank">The White Coat Investor</a>There are many others, so please support your physician colleagues.

Episode 27. Drs Nisha Mehta and Parag Butala -- Achieving Balance in a Dual Physician Household

Valerie Jones

Episode 17 Doctor Money Matters. On this episode, my guest is Valerie Jones, MD an OB/GYN physician who decided to retire from medicine at age 37. We talk about her background and what led her into and eventually out of medicine. We also discuss how she was financially able to retire at such a young age and advice she has for other physicians. Dr. Jones currently blogs at www.obdoctormom.com and also has written some articles for the Kevin MD website. I think many physicians will be able to relate to the stressors that led to this decision in their own practice or that of their colleagues. Key points include living off of one income, rapid loan paydown, and non extravagant living. More episodes of this podcast are available at www.doctormoneymatters.com and  Apple Podcasts,  Google Play,  Stitcher, etc. All episodes are also now on  YouTube (Audio only) and Facebook. You can follow me on twitter @drmoneymatters Please consider joining the Doctor Money Matters Facebook group. Thanks for listening and  please leave us positive reviews and continue to share this podcast with your colleagues.

Episode 17 Doctor Money Matters. On this episode, my guest is Valerie Jones, MD an OB/GYN physician who decided to retire from medicine at age 37. We talk about her background and what led her into and eventually out of medicine. We also discuss how she was financially able to retire at such a young age and advice she has for other physicians. Dr. Jones currently blogs at <a href="http://www.obdoctormom.com" rel="nofollow" target="_blank">www.obdoctormom.com</a> and also has written some articles for the Kevin MD website. I think many physicians will be able to relate to the stressors that led to this decision in their own practice or that of their colleagues. Key points include living off of one income, rapid loan paydown, and non extravagant living. More episodes of this podcast are available at <a href="http://www.doctormoneymatters.com" rel="nofollow" target="_blank">www.doctormoneymatters.com</a> and <a href="https://itunes.apple.com/us/podcast/doctor-money-matters/id1215169117" rel="nofollow" target="_blank"> Apple Podcasts</a>, <a href="https://play.google.com/music/listen?u=0#/ps/Iqthkbdsuau7zrla7lrvhz4in24" rel="nofollow" target="_blank"> Google Play</a>, <a href="https://www.stitcher.com/podcast/doctor-money-matters?refid=stpr" rel="nofollow" target="_blank"> Stitcher</a>, etc. All episodes are also now on <a href="https://www.youtube.com/channel/UCv5uFk2JfKxxPWc0CBLMMqQ/videos?view_as=public" rel="nofollow" target="_blank"> YouTube</a> (Audio only) and <a href="https://www.facebook.com/doctormoneymatters/" rel="nofollow" target="_blank">Facebook</a>. You can follow me on twitter <a href="https://twitter.com/drmoneymatters" rel="nofollow" target="_blank">@drmoneymatters</a> Please consider joining the <a href="https://www.facebook.com/groups/1326741980704002/" rel="nofollow" target="_blank">Doctor Money Matters Facebook group</a>. Thanks for listening and <a href="https://essentialapple.com/apple-mac-iphone-how-to/how-to-leave-a-podcast-review-using-your-iphone/" rel="nofollow" target="_blank"> please leave us positive reviews</a> and continue to share this podcast with your colleagues.

Episode 17. Valerie Jones, MD -- Retired from medicine at age 37

Leslie Kane

The 2018 Medscape Salary and Wealth/Net Worth Survey Your income is the biggest contributor to your overall financial health for most people. As physicians we don’t always know what we are worth. It is important to look at the market data. My guest on this podcast is Lesley Kane of Medscape business of medicine who is in charge of the annual physician salary and net worth surveys. We talk about trends in physician salaries. What are the highest paid fields? We look into primary care vs specialty fields. We also look at the persistent gender gap in salaries and what are some possible causes vs misconceptions. We talk about why there are so many physicians with relatively low net worth by age 65 despite relatively high incomes. This is a problem and I am critical of the number of physicians who are in this situation. While some may have valid reasons, 25% of physicians with net worth less than $1M by age 65 is too much. Also we discuss whether physician salaries should be discussed publicly and whether its a good thing or not. Will patients or other non physicians use it against us? Here are links to the surveys. (You will may need to login or subscribe to Medscape (Free))  Salary and Compensation report  Net Worth and Debt report Let’s continue the discussion over at the Doctor Money Matters private FB group (you need to request membership). Follow me: Twitter @drmoneymatters Instagram @doctormoneymatters Facebook @doctormoneymatters

The 2018 Medscape Salary and Wealth/Net Worth Survey Your income is the biggest contributor to your overall financial health for most people. As physicians we don’t always know what we are worth. It is important to look at the market data. My guest on this podcast is Lesley Kane of <a href="http://www.medscape.com/businessmedicine" rel="nofollow" target="_blank">Medscape business of medicine</a> who is in charge of the annual physician salary and net worth surveys. We talk about trends in physician salaries. What are the highest paid fields? We look into primary care vs specialty fields. We also look at the persistent gender gap in salaries and what are some possible causes vs misconceptions. We talk about why there are so many physicians with relatively low net worth by age 65 despite relatively high incomes. This is a problem and I am critical of the number of physicians who are in this situation. While some may have valid reasons, 25% of physicians with net worth less than $1M by age 65 is too much. Also we discuss whether physician salaries should be discussed publicly and whether its a good thing or not. Will patients or other non physicians use it against us? Here are links to the surveys. (You will may need to login or subscribe to Medscape (Free)) <a href="https://www.medscape.com/slideshow/2018-compensation-overview-6009667" rel="nofollow" target="_blank"> Salary and Compensation report</a> <a href="https://www.medscape.com/slideshow/2018-physician-wealth-debt-report-6009863" rel="nofollow" target="_blank"> Net Worth and Debt report</a> Let’s continue the discussion over at the <a href="https://www.facebook.com/groups/doctormoneymatters/" rel="nofollow" target="_blank">Doctor Money Matters private FB group</a> (you need to request membership). Follow me: Twitter <a href="https://twitter.com/drmoneymatters?lang=en" rel="nofollow" target="_blank">@drmoneymatters</a> Instagram <a href="https://www.instagram.com/doctormoneymatters/?hl=en" rel="nofollow" target="_blank">@doctormoneymatters</a> Facebook <a href="https://www.facebook.com/doctormoneymatters/" rel="nofollow" target="_blank">@doctormoneymatters</a>

Ep. 40. Leslie Kane, MA -- Medscape Physician Salary and Net Worth Surveys.

Lan Nguyen

On this episode, I interviewed Dr. Quynh Lan Nguyen, a traveling hospitalist and blogger about how she and her husband have turned credit card hacking into a lifestyle that allows them to travel around the world. We talk about her strategies and recommendations and whether its still possible to do this today. We also talk about her interest in the FIRE movement and how she and her investment banker husband both want to enjoy their life sooner rather than later. I myself was using credit cards, particularly southwest a few years ago to get companion passes for my wife and myself which has allowed our family of 5 to basically travel free (domestically and to Mexico twice) the last 3 years saving us approx 15-20K in airfare costs. It can be extremely useful if used appropriately, but there is risk in spending unwisely, late payments or interest charges which will far outweigh any rewards you accumulate, and negative impact on credit so be aware of this and other risks if you try to do this. I think the credit card companies are catching on making things a bit more difficult now so as Dr. Nguyen recommends, use your miles sooner rather than later. You can visit Dr. Nguyen’s website to get the latest in credit card tips and travel recommendations at www.smartmoneyandtravel.com Please let your friends know about this podcast by sharing it on text, whatsapp or whatever social media platform you are on. More episodes of this podcast are available at www.doctormoneymatters.com and  Apple Podcasts,  Google Play,  Stitcher, etc. All episodes are also now on  YouTube (Audio only) and Facebook. You can follow me on twitter @drmoneymatters Please consider joining the Doctor Money Matters Facebook group. Thanks for listening and  please leave us positive reviews and continue to share this podcast with your colleagues.

On this episode, I interviewed Dr. Quynh Lan Nguyen, a traveling hospitalist and blogger about how she and her husband have turned credit card hacking into a lifestyle that allows them to travel around the world. We talk about her strategies and recommendations and whether its still possible to do this today. We also talk about her interest in the FIRE movement and how she and her investment banker husband both want to enjoy their life sooner rather than later. I myself was using credit cards, particularly southwest a few years ago to get companion passes for my wife and myself which has allowed our family of 5 to basically travel free (domestically and to Mexico twice) the last 3 years saving us approx 15-20K in airfare costs. It can be extremely useful if used appropriately, but there is risk in spending unwisely, late payments or interest charges which will far outweigh any rewards you accumulate, and negative impact on credit so be aware of this and other risks if you try to do this. I think the credit card companies are catching on making things a bit more difficult now so as Dr. Nguyen recommends, use your miles sooner rather than later. You can visit Dr. Nguyen’s website to get the latest in credit card tips and travel recommendations at <a href="http://www.smartmoneyandtravel.com" rel="nofollow" target="_blank">www.smartmoneyandtravel.com</a> Please let your friends know about this podcast by sharing it on text, whatsapp or whatever social media platform you are on. More episodes of this podcast are available at <a href="http://www.doctormoneymatters.com" rel="nofollow" target="_blank">www.doctormoneymatters.com</a> and <a href="https://itunes.apple.com/us/podcast/doctor-money-matters/id1215169117" rel="nofollow" target="_blank"> Apple Podcasts</a>, <a href="https://play.google.com/music/listen?u=0#/ps/Iqthkbdsuau7zrla7lrvhz4in24" rel="nofollow" target="_blank"> Google Play</a>, <a href="https://www.stitcher.com/podcast/doctor-money-matters?refid=stpr" rel="nofollow" target="_blank"> Stitcher</a>, etc. All episodes are also now on <a href="https://www.youtube.com/channel/UCv5uFk2JfKxxPWc0CBLMMqQ/videos?view_as=public" rel="nofollow" target="_blank"> YouTube</a> (Audio only) and <a href="https://www.facebook.com/doctormoneymatters/" rel="nofollow" target="_blank">Facebook</a>. You can follow me on twitter <a href="https://twitter.com/drmoneymatters" rel="nofollow" target="_blank">@drmoneymatters</a> Please consider joining the <a href="https://www.facebook.com/groups/1326741980704002/" rel="nofollow" target="_blank">Doctor Money Matters Facebook group</a>. Thanks for listening and <a href="https://itunes.apple.com/us/podcast/doctor-money-matters/id1215169117?mt=2" rel="nofollow" target="_blank"> please leave us positive reviews</a> and continue to share this podcast with your colleagues.

Episode 34. Quynh-Lan Nguyen, MD -- Credit card hacking

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