Financial Residency

This episode is sponsored by Freed. AI - Get 50% off your first month of using their AI-powered medical scribe software! Add FR50 to your cart! Are you on auto-pilot and susceptible to routines and the rest of the world's values? What's most important to you in your life? There are solid steps or ways that you can take to clarify (or re-clarify) your true values.  In this episode of the Finance fo...

This episode is sponsored by Freed. AI - Get 50% off your first month of using their AI-powered medical scribe software! Add FR50 to your cart! Physicians seeking independent financial planning advice at a fair price should find financial advisors who mitigate conflicts of interest that cause more harm than good. In this episode of the Finance for Physicians Podcast, Daniel Wrenne talks to Donovan...

This episode is sponsored by Freed. AI - Get 50% off your first month of using their AI-powered medical scribe software! Add FR50 to your cart! Jon from Contract Diagnostics discusses the structure and payment of medical directorship roles. The structure depends on factors like facility and specialty, with compensation typically being hourly or a flat fee.  Medical directors may have a separate co...

This episode is sponsored by Freed. AI - Get 50% off your first month of using their AI-powered medical scribe software! Add FR50 to your cart! Jon from Contract Diagnostics addresses the increasing trend of employers providing addendums or changes to physicians' compensation structures.  He emphasizes the importance of promptly seeking professional assistance, like Contract Diagnostics, when rece...

This episode is sponsored by Freed. AI - Get 50% off your first month of using their AI-powered medical scribe software! Add FR50 to your cart!   As a physician, you have many options when it comes to getting a mortgage for your new home. One option is choosing between an adjustable rate versus a fixed rate. Doug talks today about why you might want one over the other and factors to consider.    T...

This episode is sponsored by Freed. AI - Get 50% off your first month of using their AI-powered medical scribe software! Add FR50 to your cart! James Nutter is a financial planner with IM Wealth. He talks with us in depth today about student loan repayment strategies with a strong focus on PSLF.  His firm specializes in approaching financial planning from a behavioral perspective. Advisory service...

This episode is sponsored by Freed. AI - Get 50% off your first month of using their AI-powered medical scribe software! Add FR50 to your cart! You can have all the money in the world and be completely unhappy. Everybody wants to move closer toward living out their version of an ideal life.  Yet, the daily grind we all face tends to push us away from this.  In this episode of the Finance for Physi...

This episode is sponsored by Freed. AI - Get 50% off your first month of using their AI-powered medical scribe software! Add FR50 to your cart! Should you pay off debt or invest? It's a straightforward question.  Yet, the answer is often not so straightforward and really depends on your situation.    In this episode of the Finance For Physicians Podcast, Daniel Wrenne talks to Jeff Wenger about th...

This episode is sponsored by Freed. AI - Get 50% off your first month of using their AI-powered medical scribe software! Add FR50 to your cart! Jon from Contract Diagnostics discusses creative negotiation strategies for physician contracts. Using a hypothetical scenario where the base salary is $300, and the physician desires $325, Jon explores various creative approaches to negotiation.  He sugge...

This episode is sponsored by Freed. AI - Get 50% off your first month of using their AI-powered medical scribe software! Add FR50 to your cart! Jon from Contract Diagnostics shared a recent case where a physician faced unexpected changes in employment due to a third-party vendor terminating their contract with a hospital.  Despite the physician's stellar performance, the vendor wanted out of the s...

This episode is sponsored by Freed. AI - Get 50% off your first month of using their AI-powered medical scribe software! Add FR50 to your cart! Rates came down in the last quarter of 2023. Should you refinance? Do you have a rate modification option for your loan? Will rates go down further? Doug talks through a few of these issues on today's podcast. If you would like a free copy of Doug's book,...

This episode is sponsored by Freed. AI - Get 50% off your first month of using their AI-powered medical scribe software! Add FR50 to your cart! Scott Royal Smith is an asset protection attorney. His firm specializes in tax deductions, shelters, depreciation analysis and real estate planning.  Today we explore protecting yourself through a combination of anonymity trusts and LLCs, establishing priv...

This episode is sponsored by Freed. AI - Get 50% off your first month of using their AI-powered medical scribe software! Add FR50 to your cart! Join Daniel Wrenne and Jeff Wenger on an enlightening episode of "Finance for Physicians," where they explore the dynamic world of student loans, financial planning, and more. In this engaging conversation, Daniel and Jeff discuss recent updates and develo...

This episode is sponsored by Freed. AI - Get 50% off your first month of using their AI-powered medical scribe software! Add FR50 to your cart! Today, Daniel addresses concerns about product-based financial advisors, distinguishing them from investment-focused advisors. He explains that product-based advisors primarily aim to sell financial products such as disability or life insurance, earning co...

This episode is sponsored by Freed. AI - Get 50% off your first month of using their AI-powered medical scribe software! Add FR50 to your cart! Today on the podcast, Jon from Contract Diagnostics discusses a 2024 healthcare prediction article, emphasizing the rise of AI regulation in healthcare.  He anticipates increased scrutiny and guidelines for the use of artificial intelligence in various hea...

This episode is sponsored by Freed. AI - Get 50% off your first month of using their AI-powered medical scribe software! Add FR50 to your cart! Today, Jon from Contract Diagnostics discusses a recent article by Moody's projecting a surge in hospital margins and cash flows in 2024. He highlights key points from the article, indicating that median operating cash flow is expected to increase by 10 to...

This episode is sponsored by Freed. AI - Get 50% off your first month of using their AI-powered medical scribe software! Add FR50 to your cart! The fun part is looking for the house, but doing the legwork beforehand to know how much house you can afford (especially with interest rates being so high) can save you a lot of heartache.  Talking to your lender first can solidify how much house you will...

This episode is sponsored by Freed. AI - Get 50% off your first month of using their AI-powered medical scribe software! Add FR50 to your cart! Leslie Tayne is an experienced financial attorney who helps individuals and businesses that find themselves overwhelmed with debt.  She discusses working with creditors to find manageable payoff strategies, explores when bankruptcy might be the right optio...

On this episode, Daniel addresses common questions from potential and new clients regarding financial advisors, focusing on the AUM (Assets Under Management) model. He explains that AUM advisors charge a percentage (typically 1%) of the assets they manage, highlighting the potential impact on fees as clients' balances grow.  Daniel discusses issues related to low attention for small accounts, mini...

Today, Daniel discusses the importance of scrutinizing financial advisors, especially for individuals with aging parents who may be vulnerable to potential exploitation. He shares a case involving a couple, Josh and Mary, whose advisor raised concerns due to inefficient investment strategies.  The advisor held a substantial amount of cash in an IRA, with questionable high fees and poor interest ra...

Jon discusses the increasing trend of hospitals dropping Medicare Advantage plans, emphasizing the importance of understanding how healthcare providers get paid. Jon from Contract Diagnostics, highlights the potential impact on clinics and providers, as Medicare Advantage covers a significant portion of seniors.  The article quotes Scripps Health, stating that hospitals are adopting a strategy of...

Today, Jon from Contract Diagnostics, discusses the changing landscape of healthcare with major players like Amazon, Google, Apple, and Berkshire Hathaway entering the field. He anticipates the impact of artificial intelligence on healthcare in 2024 but notes the challenges faced by these companies in executing their plans.  Jon believes that while technology may play a role, the personal relation...

Applying for a mortgage does involve pulling credit. Many are worried about their credit score going down after pulling credit, but it is usually a minimal and temporary impact to your credit score. He also cautions against making any big purchases while in the process of getting a mortgage. He explains how secure portals work for uploading your supporting documents and goes into details about whi...

Clint Harris is a partner with Nomad Capital and podcast host of Truly Passive Income. He explains how "independence of purpose" can mean more than just financial freedom. We also explore active versus passive income. Any good investment requires time, experience and money, but the purpose of passive investments is to "buy" someone else's time and experience to increase your return on investment. ...

This episode is sponsored by Freed. AI - Get 50% off your first month of using their AI-powered medical scribe software! Add FR50 to your cart! In this discussion, Daniel addresses a common question from individuals entering a new stage in life or transitioning into a new job with a higher income. The main concern is how to navigate the overwhelming array of decisions that come with these changes,...