The Benefits of a Roth IRA for Doctors

Everyone has heard of a backdoor Roth IRA, but what’s the big deal with Roth IRA’s anyway? Today, Dr. Lisha Taylor and I are going to be talking about Roth IRA money for physicians. This is an important topic because doctors often need to use any tax-advantaged space they can get their hands on since we normally have a high savings rate. So join us today to learn what a Roth IRA is and why you should seriously consider one as a physician.

Looking for own-occcupation disability insurance check out → setforlifeinsurance.com

Looking to increase your financial literacy? Check out Medical Degree Financial University → https://MDFU.co

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Tax Loopholes for Doctors

You might be looking for tax loopholes for doctors as we enter everyone’s favorite time of year. The truth is there are tips and tricks that you likely are not taking advantage of as a doctor that will help you reduce your taxes. In this episode, we will give you the top things you can do now (and for the future) to save money on your taxes as a doctor.

Looking for own-occcupation disability insurance check out → setforlifeinsurance.com

Looking to increase your financial literacy? Check out Medical Degree Financial University →
https://mduf.co

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How Much Money Should Doctors Save?

One thing we can agree on about today’s topic is this: doctors historically are under-savers.

But when it comes to physician money management, exactly how much doctors should be saving is hotly contested. How much and how you save is going to depend on your own financial goals and your current situation - the status of your student loans, whether you’re married or have kids or plan to start a family when you want to retire, etc.

In this episode, we’ll give you two different options for figuring out how much money you should save - regardless of your situation.

Looking for own-occcupation disability insurance check out → setforlifeinsurance.com

Looking to increase your financial literacy? Check out Medical Degree Financial University →
https://mduf.co/

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The 7 Personal Finance Resolutions for the New Year Doctors Should Have

Doc, are you thinking about making some New Year’s resolutions that involve your personal finances? Hopefully that is a loud YES. Well, today on the podcast we are talking all about financial goals for the New Year that you likely have as a physician.

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Money Mistakes Doctors Make

Let’s be honest… we all love learning from other people’s financial mistakes. It is like a slow-motion car accident. You just can’t take your eyes away. Money mistakes are going to happen, and we are going to discuss a few common financial mistakes that doctors make. Come join Lisha and I as we discuss our share of financial mistakes, and some of them are very common and might resonate with you on episode this episode of Money Meets Medicine.

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Student Loan Changes: Everything Doctors Need to Know

With all the recent changes surrounding student loans, it’s easy to fall out of the loop. If you’re not up-to-date on public service loan forgiveness (PSLF) and other rule changes related to repayment of your medical school loans, you’ll want to tune into our conversation.

We’re answering this question from a Money Meets Medicine listener:

“Once I refinance my student loans, how can I get student loan forgiveness if I change my mind?”

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Should I Use My HSA or FSA?

As we head into the final months of the year, which is typically the time of year for open enrollment for benefits, lots of benefit questions inevitably arise - particularly in regards to spending accounts like HSA vs FSA.

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5 Steps to Lose Weight with Dr. Ali Novitsky

Have you ever wanted to lose weight (or get a six-pack) but it always felt too hard to get it done?

As a life coach for women physicians, Dr. Ali Novitsky shares her insight and expertise to show us how to achieve optimal health with simple strategies backed by science.

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5 Things About Retirement Accounts Every Doctor Should Know

Retirement funds are one of the biggest points of financial confusion for doctors. We want to provide some clarity and understanding so you can learn what you need to know to start making your money grow.

We’re going over five things about retirement accounts every doctor should know.

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Creating Healthy Boundaries with Technology

Business culture indoctrination often means we find ourselves believing we need to hustle 24/7 to get results, but it doesn’t have to be that way.What’s really important about today’s episode is understanding how we can use technology not to worsen our constant availability – which can lead to burnout – but instead how to use that technology to set boundaries.

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The Problematic State of Medicine

With today’s episode, we’re doing things a little differently. Instead of a podcast, you’re getting a sneak peek of the audiobook version of my latest book, “Determined: How Burned Out Doctors Can Thrive in a Broken Medical System.”

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Paying Off Debt or Investing for Physicians

When it comes to putting your hard earned money to work, should you invest when you have extra money? Or pay off debt?

It may not be as black and white as you think,

Let’s go.

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3 Doctors Who Changed Their Life Through Physician Coaching

Given that this is the 100th episode of this show, I thought it would be pretty cool to share the stories of those who have listened to this podcast and had their lives changed as a result.

And today is doubly-special, because The Alpha Coaching Experience (ACE) is finally open again. It’s been six months since we opened the doors last, and we only open the program twice per year.

So, instead of me telling you about the impact ACE has had on doctors, I thought I’d let three doctors who have gone through the physician coaching program share their stories. Here’s how they overcame their situations to create the time, financial freedom, and mindset shifts they needed to practice medicine on their terms.

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Physician Side Gigs with Dr. Peter Kim

My good friend, Peter Kim, from Passive Income MD is a serial entrepreneur, physician in anesthesiology, and a great friend and family man. Sharing my enthusiasm for physician finance strategies that prioritize freedom, Peter is also a bit of a side-gig guru.

Conversations with Peter are always fun, especially when we get to talk about different approaches to financial freedom. Over the years, Peter has conducted extensive trial and error research and fine-tuned the art of the physician side hustle. I can’t wait for you to absorb the knowledge and wisdom he was willing to share with The Physician Philosopher community.

https://thephysicianphilosopher.com/RISE

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Weight Loss for Busy Physicians with Dr. Katrina Ubell

Dr. Ubell is a master certified life and weight loss coach who struggled with her own weight for decades before finding a permanent solution.

In 2016, she founded a weight loss program that has
helped over 1,300 physicians achieve the same peace and freedom surrounding food.

Her podcast, Weight Loss for Busy Physicians, has been downloaded over 6 million times and she is the author of the forthcoming book How to Lose Weight for the Last Time; Brain-Based Solutions for Permanent Weight Loss.

In this show, we’re going to dive into her book. So, if you have ever wanted to lose weight and keep it off… this is for you.

Click here to register for The Rise of The Self-Determined Physician → https://thephysicianphilosopher.com/SDP

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Practicing Medicine On Your Own Terms with Dr. Vikram Raya

Physicians that have carved out a life they love through entrepreneurship have one major thing in common: they work on their mindset.

I once had massive skepticism about mindset work and coaching. But there's a reason why people say that when it comes to personal finance, it's 20% math, 80% mindset. If you’ve been around here for a while, you’ve come to hear that phrase over and over and over.

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Should a Doctor Go Into Academics or Private Practice?

I tell my residents that academics is about depth and private practice is about breadth. In a lot of specialist fields, the private practice opportunities can provide some of that breadth. What you choose really depends on your preferences and how you feel you can work best in a given environment when weighed against all the factors that are important to you.

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