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Money Meets Medicine with Ryan Inman and Dr. Jimmy Turner
30 minutes | Jul 21, 2021
Why Doctors Should Spend Money
Everyone in the personal finance space loves to tell you how you should save money. That's great, but what about spending it? That is exactly what we want to dive into today on the show. Ways to spend money that make sense we have talked about before include spending to get your time back, vacations, and spending on others (gifts, holidays). But today we want to encourage you to spend lavishly on your on things you love. Yes, as money gurus we are going to talk to you about spending lavishly (and smartly of course). So let's go. One last thing before we go, remember Advice Media? Don’t forget to check them out if you’re looking to improve your website or need strategic insight on what your current online presence is doing (or not doing) for you. Contact Advice Media at www.doctorpodcastnetwork.com/advicemedia
23 minutes | Jul 14, 2021
These 5 People Determine A Physician's Financial Success
You might think that the only person that influences your financial success in the short term and the long term is you. The truth is you can have little to do with how successful you are in planning out your finances and investing. This is because there are certain people in your life that influence what decisions you make and how. These people ultimately determine your success. Today, find out who the exact five people in your life are that might be supporting or derailing your success and what to do about it. And find out if you are in someone else's top five. One last thing before we go, remember Advice Media? Don’t forget to check them out if you’re looking to improve your website or need strategic insight on what your current online presence is doing (or not doing) for you. Contact Advice Media at www.doctorpodcastnetwork.com/advicemedia
29 minutes | Jul 7, 2021
Should Physicians Save for Retirement or Help Their Family?
Life is complicated. Sometimes it might seem like people think you don't invest because you are living in the now, but we know that is not usually the case. Instead, you are trying to make real-life, tough decisions like should you save for your kids' college or your own retirement? What if you need to help out your aging parents? How do you still make the best financial decisions for now and your future? In today's episode of Money Meets Medicine, we talk about a few different scenarios that life may present you when it comes to your finances and how to best position yourself if you ever have to make a choice. Dr. Errin Weisman is passionate about creating sustainable careers for women and fundamentally changing the toxic culture of healthcare one woman at a time. Check out her podcast Doctor Me First at https://www.doctormefirst.com
41 minutes | Jun 30, 2021
The Top Financial Rules for Residents and Fellows
We recently shared our top financial rules for success and our listeners wanted more. Specifically, our listeners that are current residents wanted to understand exactly what they should be doing and taking care of before graduating from training. So that is exactly what we wanted to share. In today's episode, we will explain why you don't have to wait to get your finances in order, what you should be taking care of while in training, and how working on these important foundational items will set you up for early financial success as a practicing physician. Have you ever considered a different way of practicing medicine? Whether you are burned out, need a change of pace, or are looking to supplement your income, locum tenens might be the solution for you. Not sure where to start? Locumstory.com is the place where you can get real, unbiased answers to your questions. They answer basic questions like, “What is locum tenens?”, to more complex questions about pay ranges, taxes, various specialties, and how locum tenens can work for you. Go to locumstory.com OR doctorpodcastnetwork.com/locumstory and get the answers.
23 minutes | Jun 23, 2021
Should You Use Target Date Funds?
There are so many different investment strategies when it comes to how to reach financial independence. One of those strategies we talk about often are the different types of Target Date Funds. But, you might be thinking how do you know if you should use Target Date Funds? Today we will get into the details of the good, the bad, and the ugly when it comes to using Target Date Funds so you can determine whether this is a strategy that fits your needs or not. Let's jump in a figure out how to best utilize Target Date Funds in your investment plan. Such a great show with xxx… before we finish up, don’t forget to visit www.locumstory.com or doctorpodcastnetwork.com/locumstory to get real, unbiased answers to all your locum tenens questions.
31 minutes | Jun 16, 2021
WTD When Your Spouse Isn't Interested in Money
You are becoming a financial guru. You have put in the work to understand your finances and all of the options you have available to you, congratulations! But there is one thing you can't seem to figure out - how to get your spouse interested in financial strategies. Together you discuss the future and what your money will be able to do for you, but your spouse just doesn't care about the details. In today's episode learn simple strategies you can use to help your spouse get on the same financial planning page as you, and how to create a step-by-step plan for your spouse if something were to happen to you. Before we get into the show, here’s a quick message from MR Insurance – a small business that helps physicians with their disability insurance needs. Michael L. Relvas, is a CFP professional and insurance agent committed to helping physicians nationwide with their term life and disability insurance needs. He provides an objective, transparent and education-focused process that aims to help physicians make prudent decisions and avoid over-complicating things. He exclusively offers Own-Occupation disability insurance policies for residents, fellows, and attending physicians. We know he’d be happy to help you with whatever your needs are. You can find Michael at www.doctorpodcastnetwork.com/mrinsurance or contact him at 800-817-4522.
32 minutes | Jun 9, 2021
How Financial Independence Retire Early Can Burn You
Money isn't everything, but money is a tool that allows you to live life however you want. However, too many people think that getting to financial independence means you have to chase it while you're young. In today's episode, you might be surprised to hear why we don't recommend this and what you should be doing (and when) to reach financial independence... while enjoying your life. It’s not a secret that doctors have a hard time creating a professional looking digital presence. Having a dynamic website, ranking in Google, or growing your volume of patient reviews are not easy tasks. We’re too busy to figure it out on our own! Advice Media has been around for over 20 years and works with physicians to create a more brandable online image. Attract more patients, generate more calls and emails, enhance brand awareness, protect your online reputation, and more by contacting Advice Media today. Three in five will choose one provider over another because of a strong online presence. If that’s the case, what is your online presence saying about you? Don’t delay getting an experienced team to help improve your digital presence, go to www.doctorpodcastnetwork.com/advicemedia That’s www.doctorpodcastnetwork.com/advicemedia
34 minutes | Jun 2, 2021
Dangerous Money Thoughts
What if the only thing holding you back from financial freedom was your mindset? When it comes to your money mindset there are two main schools of thought - the Scarcity Mentality and the Abundance Mentality. There are some dangerous, limiting money mindsets that can come from a place of scarcity. What could happen if you traded these thoughts out for ones of abundance instead? Start practicing medicine because you want to and not because you have to. Learn exactly how in the upcoming free masterclass, The 3 Pillars to Physician Freedom Masterclass. Sign up for the free masterclass at thephysicianphilosopher.com/ThreePillars. Panacea Financial provides banking for doctors, because it was founded by doctors. They have nationwide loan, checking and savings options designed specifically for doctors and doctors-in-training. Their specialized suite of financial products give medical students, residents, and practicing physicians greater freedom to forge their futures... and at affordable rates! By reducing financial barriers and burdens, Panacea Financial ensures that all doctors have increased capacity to serve their patients and the population at large. Do you need a good home for your banking needs? Go to panaceafinancial.com to get started! Panacea Financial is a division of Primis, Member FDIC
33 minutes | May 26, 2021
What to do With Physician Side Gig Income
Doctors are talking more and more about side gig income outside of their typical W-2. This income can be great on your path toward financial freedom, or it can be fraught with mistakes. So, why would a busy doctor pursue income outside of medicine when they can just work extra shifts? Find out why on today's episode where we dig into the benefits of side gig income, what to do with it, and what to look out for. Join us. Don't miss the upcoming free masterclass, The 3 Pillars to Physician Freedom. You will learn how you can practice because you want to and not because you have to. Sign up for the free masterclass at www.thephysicianphilosopher.com/ThreePillars You want to work with an insurance agent that is well versed in the underwriting of both disability and life insurance policies for physicians? Then contact Larry Keller at www.doctorpodcastnetwork.com/larrykeller
31 minutes | May 19, 2021
This is What Made Warren Buffet Rich
Let's face it, there will never be another Warren Buffett ever again. But there are certain things you can do to start building your wealth like Warren. The sooner you can start taking action on this advice will better your long-term financial wealth! Do you need a bank that specializes in giving medical students, residents, and practicing physicians great financial freedom? Then go to panaceafinancial.com to get started. Panacea Financial is a division of Primis, Member FDIC.
41 minutes | May 12, 2021
The Dangers of the Monthly Payment Mindset
Money is a tool that helps us live the life we want, or keep us trapped in a lifestyle that we can't afford. One of the easiest ways to fall into this lifestyle trap is by thinking in terms of monthly payments. Ryan and Jimmy are here to remind you that if you think you can afford something through monthly payments, then you really can't afford it. If you need an objective, transparent, and education-focused process to figure out your disability insurance needs, then you need to talk with Michael Relvas. To get in touch with Michael head to www.doctorpodcastnetwork.com/mrinsurance
51 minutes | May 5, 2021
This is When the Market is Going to Crash
No one knows when a market crash is going to happen. It could be as soon as you listen to this podcast episode, or it could be 10 years down the road. This causes people to panic at the slightest sign of a downturn. That's why Ryan and Jimmy are here to make sure you feel prepared to weather any financial crisis. Do you want to achieve the financial freedom you need to practice medicine however you want? Join Jimmy for a live FREE 2-day bootcamp. No sales pitch. Just tons of value. Click here--> www.thephysicianphilosopher.com/bootcamp Dr. Errin Weisman is passionate about creating sustainable careers for women and fundamentally changing the toxic culture of healthcare one woman at a time. Check out her podcast Doctor Me First at https://www.doctormefirst.com
36 minutes | Apr 28, 2021
Mistakes Doctors Make When Switching Jobs
Most doctors switch employers within 2-5 years of starting their first job because of burnout, need to be closer to family, or having to work with Jimmy. Considering these changes happen so frequently in the medical field, Ryan and Jimmy want to make sure that if you are considering switching employers, that you avoid these financial mistakes you can make during the transition. Do you want to work with an insurance agent that is well versed in the underwriting of both disability and life insurance policies for physicians? Then contact Larry Keller at www.doctorpodcastnetwork.com/larrykeller
40 minutes | Apr 21, 2021
What To Do When the Debt Is Gone
When you finally reach the promised land of being debt-free, the big question you probably have is: What's next? Ryan and Jimmy want to make sure that after you've paid off your debt you have the right mindset and know what to do. Even if you are currently paying down debt, this episode will help you figure out your plan so you can be prepared for when that wonderful debt-free day comes. Do you need quick and simple access to cash and are looking for physician-preferred rates? Then be sure to reach out to Doc2Doc Lending at www.doctorpodcastnetwork.com/doc2doc
47 minutes | Apr 14, 2021
Live Your Ideal Life Without The Financial Kick in the Pants
You may call it woo-woo stuff, but both Ryan and Jimmy are huge proponents of life planning when figuring out your financial plans. Savings and Finances are never just about the 1's and 0's, it's about figuring out what makes you happy and what's important in your life helps you get a clearer picture of how to save. Plus you know it's something you should be doing if Ryan and Jimmy both agree it's super important. The team at Contract Diagnostics is here to help you better understand your contracts and find ways to make them work for you. Reach out today and get the help you need. http://doctorpodcastnetwork.com/contractdiagnostics
40 minutes | Apr 7, 2021
Why There Is No Such Thing as a Dream Home
Everyone is allowed to get excited about buying a house. It's a huge achievement! However, Ryan and Jimmy want to make sure you avoid the dream house fallacy, by spending more on a house that you're likely to move out of in a couple of years. It's more important how you spend your time in the house, not what is in the house. Do you need help making a prudent decision about your disability insurance without overcomplicating things? Then reach out to Michael Relvas at www.doctorpodcastnetwork.com/mrinsurance
42 minutes | Mar 31, 2021
Get to Financial Independence Sooner with a Physician Side Gig
Ryan and Jimmy discuss important questions you need to consider before jumping into your non-clinical side business. Pursuing non-clinical income is not for every medical professional. Some people are happy with their jobs and lifestyles, and others know that they are not cut out for working as an entrepreneur, and that's okay! Have you been flirting with the idea of branching out into a physician side gig? Then today's show is for you! Do you want to get the most comprehensive coverage from your insurance? Then contact Michael Relvas at www.doctorpodcastnetwork.com/mrinsurance
35 minutes | Mar 24, 2021
Should You Take on More Debt or Pay off Debt in a Low Interest Rate Environment?
Ryan and Jimmy go back and forth on the pro's and con's of paying off debt vs investing during a time when interest rates are at historic lows. Like everything in personal finance, your situation may vary, but Ryan talks about how it might even make sense to take out debt because rates are so cheap. Do you need help understanding and maximizing your contract benefits? Then check out Contract Diagnostics at www.doctorpodcastnetwork.com/contractdiagnostics.
32 minutes | Mar 17, 2021
This New Technique is the Best Way to Make Money
This episode is going to make you mad that you didn’t realize this was the one thing you could be doing to make a ton of money. While we talk about FOMO being a bad influence on people’s decision making, maybe this piece of advice will be the exception? As a reminder, all praise for this technique can be sent to email@example.com and all hate mail can be sent to firstname.lastname@example.org Do you want to work with an insurance agent that is well versed in the underwriting of both disability and life insurance policies for physicians? Then contact Larry Keller at www.doctorpodcastnetwork.com/larrykeller
42 minutes | Mar 10, 2021
Ryan’s 10 Rules for Healthy and Wealthy Financial Habits
Last week Jimmy shared his 5 rules for healthy financial habits. Not wanting to be out done, Ryan is up this week sharing his top 10 rules for healthy financial habits. And you better believe that Jimmy is taking every chance to heckle Ryan while he can. Are you tired of dealing with headaches like finding and retaining quality billing staff? Get in contact today with MedEvolve today at www.doctorpodcastnetwork.com/medevolve.
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