Financial Residency

This episode is sponsored by Eckard Enterprises. To start empowering your financial future, visit  www. EckardEnterprises.com If you avoid talking about money with your children, then who pays for it later in life? Whether you know it or not, you're teaching your children about money every day. Teach them what works and what doesn't when it comes to finances.  In this episode of the Finance for Ph...

This episode is sponsored by Eckard Enterprises. To start empowering your financial future, visit  www. EckardEnterprises.com Today, Jon from Contract Diagnostics discusses the delicate issue of whether physicians should share information about their compensation with colleagues. He emphasizes the importance of understanding the confidentiality clauses in employment contracts, which often prohibit...

This episode is sponsored by Eckard Enterprises. To start empowering your financial future, visit  www. EckardEnterprises.com Doug talks about special circumstances that may come up at closing. If you are aware of these things and plan ahead, it can save you many headaches in the days leading up to the closing on your new home. For example, if you know you will be out of town, you can either desig...

This episode is sponsored by Eckard Enterprises. To start empowering your financial future, visit  www. EckardEnterprises.com Troy Eckard has been investing and working in the oil and natural commodities industry since 1985. He talks to us today about the potential for investing directly in this industry. He shares the history, current state of the market and projections for the future.  He explai...

This episode is sponsored by Eckard Enterprises. To start empowering your financial future, visit  www. EckardEnterprises.com   Does permanent life insurance make sense or not? Is it the right or wrong short-term investment?    In this episode of the Finance For Physicians Podcast, Daniel Wrenne talks about what you should look for and avoid to navigate the purchase of permanent life insurance.  ...

This episode is sponsored by Eckard Enterprises. To start empowering your financial future, visit  www. EckardEnterprises.com Today I'm excited to talk with Doug about some of this craziness that's going on with the mortgage industry in mortgage rates in particular in the past few months, if you hadn't been paying attention rates have been skyrocketing. We're gonna talk a little bit about what's g...

This episode is sponsored by Eckard Enterprises. To start empowering your financial future, visit  www. EckardEnterprises.com Jon from Contract Diagnostics discusses a report from AMN, the parent company of Merritt Hawkins, focusing on the increasing demand and salaries for nurse practitioners (NPs) and physician assistants (PAs).  He highlights the importance of physicians understanding clauses i...

This episode is sponsored by Eckard Enterprises. To start empowering your financial future, visit  www. EckardEnterprises.com Jon from Contract Diagnostics highlights the financial impact of physician turnover on organizations and emphasizes the importance of proactive discussions about compensation and other job-related factors.  He advises physicians to be vocal, aware, and well-prepared during...

This episode is sponsored by Eckard Enterprises. To start empowering your financial future, visit  www. EckardEnterprises.com Doug offers a tip to help you get a better interest rate or save on fees when getting quotes from different lenders.  To learn more about Doug Crouse or to get a free copy of his book, go to www. DougCrouse.com .

This episode is sponsored by Eckard Enterprises. To start empowering your financial future, visit  www. EckardEnterprises.com Dr. Holly Shen is an OB/GYN doc who decided to forego being employed and venture out as an independent contractor. She started a group on Facebook to help educate and empower other OB docs who are thinking of doing the same. She shares her experiences in finding jobs, secur...

This episode is sponsored by Eckard Enterprises. To start empowering your financial future, visit  www. EckardEnterprises.com Are you buying or renting? What are the perks of being a homeowner? Think through and focus on both financial and non-financial reasons. In this episode of the Finance For Physicians Podcast, Daniel Wrenne talks about the rules of thumb when deciding whether to buy or rent...

This episode is sponsored by Eckard Enterprises. To start empowering your financial future, visit  www. EckardEnterprises.com How was the U.S. economy before the war between Russia and Ukraine started? How have things changed and what will they look like in the future? Expect a ripple effect! In this episode of the Finance for Physicians Podcast, Daniel Wrenne talks about how the Russian and Ukrai...

This episode is sponsored by Eckard Enterprises. To start empowering your financial future, visit  www. EckardEnterprises.com In this message, Jon from Contract Diagnostics highlights the importance of contract reviews for physicians. He discusses various aspects of contract reviews, such as the percentage of non-negotiable contracts and the need for changes in physician contracts.  Jon emphasizes...

This episode is sponsored by Eckard Enterprises. To start empowering your financial future, visit  www. EckardEnterprises.com Jon from Contract Diagnostics is addressing the question of how often one should expect an increase in pay. He explains that pay increases can vary depending on the employer and the terms outlined in the employment agreement. Some employers offer annual pay increases, while...

This episode is sponsored by Eckard Enterprises. To start empowering your financial future, visit  www. EckardEnterprises.com Doug explains how points are calculated. Sometimes you can pay points to buy down your interest rate, but should you?  Doug talks about how to determine how long it would take to "break even" by paying money up front to get a lower rate. He then talks about forecasts in the...

 This episode is sponsored by Eckard Enterprises. To start empowering your financial future, visit www. EckardEnterprises.com This is a reboot to talk about the general principles of asset protection for physicians. It means more than getting an adequate medical malpractice policy. It involves managing risks to hold on to the wealth we have accumulated. A good asset attorney will look at their cli...

Everyone has suffered from lifestyle creep to some extent. Somewhere along the way, you go from eating ramen noodles to the finer things in life. You become used to spending your entire salary.      In this episode of the Finance For Physicians Podcast, Daniel Wrenne talks to Jeff Wenger, a Certified Financial Planner (CFP®), about how to avoid lifestyle creep. What is it? How does it happen? How...

What are pros and cons of physician mortgage loans? What do you need to know before taking one out, especially during a crazy market and changing rates causing sticker shock?   In this episode of the Finance for Physicians Podcast, Daniel Wrenne talks to Doug Crouse, mortgage lender that specializes in physician loans and author of Hippocratic House: Do No Harm When Purchasing Your First Physician...

Jon from Contract Diagnostics encourages everyone to utilize data in their everyday life to improve outcomes, much like he does with his Abbott Libre 2 glucose monitor and Fitbit. Moreover, he emphasizes the importance of understanding and using data to make informed decisions about their compensation or total cash compensation (TCC) in their jobs, especially for physicians. He notes that utilizin...

Join Daniel Wrenne and his guest Jon Appino as they delve into the complex world of physician contracts, with a specific focus on disability considerations. In this informative and engaging show, they discuss the intricacies of negotiating physician contracts while addressing the importance of disability provisions. Key Takeaways: - Customize contracts to align with your unique story, considering...

Choosing the best lender often means more than just getting the best rate. Doug talks about comparing interest rates, lender credits, PMI, etc.   It never hurts to talk to more than one lender to see what is available to you.    To learn more about Doug Crouse or to get a free copy of his book, go to  www. DougCrouse.com .  

Ike Devji is an asset protection attorney who has spoken at national physician conferences and is a prolific author on the subject. Today he talks about 4 specific ways to protect your estate, including prenuptial agreements  https:// www.physicianspractice.com/ view/valentines-day-starts- prenup-season , avoiding tax scams that result in illegal tax evasion vs the legal tax avoidance, the IRS Dir...

Jon discusses the difference between W-2 and 1099 employment statuses and answers common questions related to pay differences and converting from one status to another. He explains that 1099 independent contractors do not receive benefits and typically have to file taxes on a quarterly basis, resulting in higher taxes. As a general rule, 1099 contractors are paid 10 to 15 percent higher than their...

Join Daniel Wrenne and Jeffrey Wenger as they navigate the complex landscape of student loan repayment strategies in this episode! With a focus on helping physicians, particularly those working with Public Service Loan Forgiveness (PSLF) in mind, Daniel and Jeff take you on a journey through the recent changes in student loan policies. They explore the historical approaches to student loans and de...

Jon from Contract Diagnostics discusses the allocation of time in academic job contracts. He explains that academic contracts often include percentages to outline the distribution of time between clinical work, research, administrative tasks, and education. Jon recommends that the contract should clearly define the percentages and provide detailed information about what each percentage entails. Fo...