On Money Meets Medicine, Jimmy Turner, MD and Ryan Inman, a fee-only financial advisor, combine their experience to teach you about the personal finance topics you wish you had learned in medical school. The MMM podcast will help you tackle your student loans, achieve financial independence, invest for retirement, and decrease your financial stress and burnout. Come find out how much you can learn about money with the experience and perspective of a physician and a financial advisor combined into one of the best personal finance podcasts for doctors. Dr. Turner is a practicing anesthesiologist at Wake Forest and owner of ThePhysicianPhilosopher.com blog. Ryan Inman is the founder of Physician Wealth Services, a fee-only financial planning practice that works exclusively with physicians nationwide and is the host of the Financial Residency podcast.
It’s no secret that doctors aren’t the best with their finances. I’d even argue that they’re the smartest people on the planet, but when it comes to their finances, it’s almost comical how much we don’t know. Ryan and I discuss how much you should consider paying for help to build your financial plan, particularly those in the fee only financial planning space. Need a little help with managing your finances better than you have been? Let Ryan and his team at Physician Wealth Services help you get it together with your financial plan. Reach them at thephysicianphilosopher.com/inman
You may have noticed that there is a great debate in the personal finance world... Index Fund Investing versus passive income. Which one is best? Stick around to find out. Need a home loan? Let us help you find the right person to help! We know, like, and trust Doug Crouse. Connect with him here: www.financialresidency.com/dc
It's not an untold secret that spouses and partners are often on divisive ends of their finances. Ryan and I take a few min to talk through how to strengthen that bond so you both can get on the same financial page. Get on the right track with your finances in and out of residency. Join my course (which ends 6/10!) to learn how to better manage your money: www.financialresidency.com/mdfree
Ryan and I could tell physicians all day long how important it is to have an emergency fund. But seems like our recent experience of COVID-19 has already demonstrated the real life impact of not having one. Will you get caught without an emergency fund? Let's hope not! Medical Degree to Financially Free is an online course built to teach doctors how to create cash flow, invest efficiently, and obtain financial freedom. Join the course: www.financialresidency.com/mdfree
If you want to reach financial freedom, quicker, better, smarter, then join Jimmy's course, Medical Degree to Financially Free. It's a 5-week curriculum (not too drab) created for doctors who want support in becoming financially free. Get looped in here: https://financialresidency.com/MDFree
The key differences in pre-tax or Roth accounts for doctors aren't what you would normally hear. Ryan and I talk about what's important for you to know. Need an expert in physician home loans? Doug Crouse is one of our go to guys. Find him at http://www.financialresidency.com/dc
During medical school, I've seen our colleagues too often identify with being a doctor as their entire persona. So, when things get rough, stressful, or doesn't go as planned, they tend to find themselves in a crisis. It's important to see the parts of ourselves independently from medicine... I think that starts first starts with a HELL YES! policy. Ryan and I talk about it more. Doug Crouse is a trusted mortgage lender that has helped hundreds of physicians qualify for their first home. Give him a shout if you're looking for an expert to help you on your home buying journey: www.financialresidency.com/dc
Have you ever thought about buying a home? If you don’t know the difference between a physician home loan, conventional loan, PMI, or what any of this mortgage jargon means and why it matters… listen to this. Purchasing a home is one of the largest financial decisions your family makes. That’s why we have someone like Doug Crouse in our corner to help our audience navigate through the physician home loan process. See what he can do for you: www.financialresidency.com/dc
If you haven’t guessed… today’s show is about bonds. Well, kind of. It is really about whether you need bonds in your portfolio and we also discuss other surrogates you might consider using in your portfolio instead of bonds. Kaplan Financial is the place to go for objective and experienced financial advice, discounted rates on individual disability insurance, and a long-term commitment of superior service. Check them out to see how they can help you: https://thephysicianphilosopher.com/kaplan
There’s a ton of financial advice floating on the interweb, but some of the big-time gurus, like Dave Ramsey, don’t usually tailor their advice to physicians. While Ryan hates on Dave, we both address how to pay down debt the right way. Also, are you still searching for the right partner for disability insurance? Give Kaplan Financial a call. [They’ll hook you up.] https://thephysicianphilosopher.com/kaplan
If the economy were to turn sour is your income protected? How about if you have a diagnosed disability? What do you do to ensure that you still get paid when it’s time to put yourself and your family first? The point of this show is to make sure you don’t make the same mistakes I made in training. Some of my [now] best practices are in this 10-step listicle Ryan and I work through in this episode. Need an extra hand in getting your disability insurance squared away? We recommend Kaplan Financial. Get your quote from them today: https://thephysicianphilosopher.com/kaplan
Get eaten by a bear? If it ain’t by Ryan (mr. sour patch), you most likely want to pass. With the market fluctuation as it has for the last couple of months, the bull market is officially over. Enter the bear. The bear brings about a ton of questions by investors, so let’s check out what’s trending. Kaplan Financial is the place to go for objective advice on disability insurance. They’re the pros we trust and you might too. Check them out here: https://thephysicianphilosopher.com/kaplan
A penny, penny pincher might not be you, but you might have a budget or be thinking of one. While there are different ways to do the dirty “b,” some people just don’t like it. That’s OK. Ryan and I are on opposite ends of the spectrum on this topic. Who do you side with? In Jimmy’s rap voice: Kaplan Financial is a sponsor of this show. If disability insurance is what you need but the details you don’t know, don’t settle for less, don’t settle for so, so… Kaplan Financial has got your back and so much mo’. https://thephysicianphilosopher.com/kaplan
Pay off debt or invest is usually a really popular question when it comes to finance talk. When you have cheap debt, how do you handle that? Do you invest and not pay down debt? Ryan and I talk about the chicken and the egg when it comes to investing waterfalls. “He-yooo, let’s save some money-ooo.” Grab your $500 bonus when you refinance your student debt with Earnest--a student loan refinance company and also a sponsor of the show. Save some $$, earn some money… sounds like a good deal. Here are the deets: earnest.com/moneymeetsmedicine
Should you pay for your kids’ college? Assuming that your ride to college was paid for with scholarships, this may or may not be a question you encounter as your kids are growing up. If you didn’t have a full ride, the same still applies. So, when you peel back the onion a bit on your own debt from personal loans or your own student debt, paying for your kids college might fall a little further down the totem pole. Ryan and I chat on it. Oh hey… while on the topic, Earnest is a student loan refinancing company that can get you low rates. And if you sign-up with them now, you’ll get a $500 bonus! Find out more here: earnest.com/moneymeetsmedicine
Student loans are crazy difficult to understand for a lot of docs. So, falling into any one of three categories for student loan management is expected. Do you belong to the good, the bad, or the ugly camp? Find out. Cha-ching! Receive a $500 bonus when you refinance your student loans with Earnest--this week’s sponsor of Money Meets Medicine! Go here: http://earnest.com/moneymeetsmedicine
Excited to bring this topic to you so early in our podcast journey because we see financial mistakes ALL THE TIME working with (or in my case teaching) hundreds of physicians. You aren't a financial expert and never went through this during training. It's why this podcast exists. Ryan and I talk on some of the common financial mistakes he's seen while in our lives or someone else's.
You've seen it everywhere you read online and heard it almost everywhere you listen... there's an ad with some call to action leading you to buy or transaction money for a service. But whyyy? Podcasts and blogs aren't free. Not by a long-shot! So Ryan and I discuss some of the popular ways they make money to continue bringing you free content across media (including us).
No marriage is perfect and if you have been married longer than the honeymoon phase, you know this. Money issues are also responsible for 22% of all divorces, that's a staggering and honestly really scary number. Let us help you not be part of that statistic.
Most doctors have a target painted on their backs by the financial industry. You are low-lying fruit when it comes to financial debauchery. Keep listening to learn about the common ways doctors get duped by the financial industry…
We are all human, we all make mistakes, yes even financial planners… It’s ok to make mistakes if you realize how you made them and then learn from it so it doesn't happen again. Once you have made the mistake though, how do you recover from it? Let's go find out.
Your ideal life is a personal path paved by the only person designated to walk it... you. But do you even know what your ideal life looks like? In this show, Ryan and I address questions like the ones found in one of George Kinder's financial planning programs to help guide your first steps.
So you think you need a financial advisor- eh? Or maybe you’re on the fence? If you’re in either one of those situations, the unknowns might be killin’ ya. From the type of advisor you need to how advisors should add value, Ryan and I chat up the details.
Ryan and I are diving into how to batch your personal finances so that you get the biggest bang for your buck while limiting the amount of time you need to put into it. Financial planning shouldn’t be something you dread doing or something that takes you so much time, you can’t enjoy life. I love today's show because of its practical tips for how to maximize your time.
Welcome to the Money Meets Medicine Podcast where we teach you about the personal finance topics you wish you had learned in medical school. Subscribe to the show and tune in every Weds for financial insight on both ends of medicine and financial planning.