Docs In Finance

Summary In this episode, we discuss the pitfalls of bank pre-approval for mortgages, emphasizing that just because a bank approves a loan amount, it doesn't mean the borrower can afford it. We explore the do's and don'ts of using doctor mortgages, and share personal experiences regarding their own mortgage decisions. We hope you guys can make informed financial choices to avoid becomin...

In this episode, we discuss the pros and cons of renting versus buying a house as a trainee. Although peer pressure may make you believe that you are wasting money by renting, we argue that this is not the case. We explore the hidden costs of home ownership, the pros and cons of renting, and reflect on our own experiences with renting during our training. Chapters 00:00 Understanding Rent vs. Home...

Thinking of buying a house on a resident's salary? It’s a huge step, but the path is full of traps most first-time buyers don't see. In this episode, we share our personal story of navigating the process and reveal the costly mistake we narrowly avoided. Learn how to protect your finances and make a smart investment for your future. Keywords: House buying, renting, realtors, closing costs, finance...

In this episode of the Docs in Finance podcast, we discuss the pitfalls of not getting your RVUs and bonuses structure in writing. If it is not in writing, it does not exist! Learn from Dr Ivanova's mistakes... Keywords: contract negotiations, bonus, RVUs, collections, productions, compensation, doctors in finance, docs in finance, DOFI, International medical graduates, financial literacy, IMG...

In this episode of the Docs in Finance podcast, we discuss the "add-ons" you should try to negotiate when taking a job. Don't ignore things such as CME funds, admin time, clinic support, etc., that you should get in writing on your contract. Listen for more. Keywords: contract negotiations, CME funds, vacation, BATNA, compensation, doctors in finance, docs in finance, DOFI, Internati...

In this episode of the Doctors in Finance podcast , we discuss the mistakes you should avoid during contract negotiations. We explore issues around contract review, non-competes, and unclear compensation structures, among others. We will explore these in more detail in future episodes. Keywords contract negotiations, non-compete clause, compensation, doctors in finance, DOFI, International medical...

In this episode of the Doctors in Finance podcast, Ranjan and Upasana discuss the financial pitfalls that new medical and dental graduates often face, particularly when it comes to choosing financial advisors. They explore the different compensation structures of financial advisors, the importance of selecting fee-only advisors, and how to identify salespeople disguised as advisors. Through a case...

In this episode of the Doctors in Finance podcast, Ranjan and Upasana discuss the financial pitfalls faced by medical residents, using the case of Dr. Chen, who makes a costly decision to finance a luxury car. The conversation offers practical advice on how to avoid peer pressure and the benefits of paying cash for car purchases to build a stronger financial future. Chapters 00:00 Introduction to...

In this episode of the Doctors in Finance podcast, Ranjan and Upasana discuss the critical importance of obtaining disability insurance before pregnancy. They explore the risks associated with delaying insurance coverage and provide practical advice on navigating the complexities of disability insurance policies. The conversation emphasizes the need for early action and awareness of maternity leav...

In this episode of the Doctors in Finance podcast, we discuss the importance of understanding disability insurance Riders. We emphasize the significance of riders in disability insurance, particularly the future purchase option, partial disability, and cost-of-living adjustment. We also provide practical advice on managing insurance needs as one’s career progresses, highlighting common mistakes an...

In our launch episode, we dive into the essentials of purchasing disability insurance through a real-life case study. We break down the common pitfalls and practical steps to help you make informed decisions. Join us as we kick off the journey to building financial confidence for international medical and dental graduates.