Financial Residency

Today Jon continues his talk on MGMA data. LINK: www. ContractDiagnostics.com

The busy lives that physicians lead rarely allow for side hustles and projects. But this guest made it work. Dr. Paula Muto is a 25+ year vascular surgeon veteran with an extensive array of methods of work that put her and her team amongst the best treaters of vein disease in the world. It'd have been awesome if we stopped at that, but Dr. Paula is also the founder and CEO of UberDoc - an online b...

Interest rates are very high right now, but most experts expect them to go down in the next 1-3 years. Some banks offer Loan Modifications, which allow you to pay a flat fee when rates go down to lower the rate on your existing loan. This saves you the money and hassle of refinancing your loan. You do not have to go through underwriting again (i.e. providing all your financial data), new appraisal...

Dr. Melissa Leimkuehler and her family started a labor of love many years ago, which is a winery, inn and event space. She talks to us about how she had to learn about business, obtain loans to renovate their property, juggle the demands of being a physician and business owner, while carefully balancing the personal relationships with her husband & other family members who are involved with the en...

Hey, this is John with contract diagnostics. I want to give a quick message on nurse practitioners and PAs. We had a couple of questions that were sent in, and one of them was about compensation for managing mid-level providers. Join me as I answer this question! LINK: www. ContractDiagnostics.com

Thomas Campanella is a healthcare executive focused on educating the wider healthcare community on how the industry really works.    Thomas is also a voracious writer, podcaster, and regular webinar host regarding the topic of healthcare economics.   If you're a physician just now starting in the industry and want to learn how the healthcare machine works - this is the episode for you and Thomas i...

Today Daniel talks about, what your finances say about your options. When it comes to flexibility, security or what you are falling short in. Links: www. WrenneFinancial.com

Today Jon is talking about M G M A data. Feel free to reach out to Jon Appino and his team for more a copy of the MGMA data. Link: www. ContractDiagnostics.com

Confused by annual percentage rates? They are even more complicated in an adjustable rate mortgage. Doug Crouse tries to clarify why your APR may look higher on an ARM than your fixed rate loan.  You can get a free copy of Doug's book Hippocratic House: Do No Harm When Purchasing Your First Physician Home at www. DougCrouse.com .

Colin Carr is the CEO of CARR, which is a company of approximately 150 real estate experts across the country who help physicians and other healthcare providers negotiate purchase and lease contracts for commercial real estate. He talks about the most common pitfalls when negotiating a contract and describes how these mistakes can cost a physician several hundred thousand dollars over the term of...

Today Jon goes over what should be on your checklist you should be looking for, when you're job hunting. Link: www. ContractDiagnostics.com

Today Jon addresses a question he got from a hospitalist. "What if the census is higher than expected"? Link: www. ContractDiagnostics.com

In life, many people think they have to choose what they can have. They should choose happiness over wealth, family over career aspirations, etc. Today's guest proves that it's possible to have it all! Andy Hill is the founder and CEO of Marriage, Kids and Money - an online brand dedicated to helping people achieve the pillars of family health and well-being: Happiness and Wealth. This podcast won...

Today Jon speaks about Indemnification clauses. Link: www. ContractDiagnostics.com

Lenders sometimes offer their clients the opportunity to buy down an interest rates by adding on points to the cost of the loan. This means you are paying money up front to get a lower interest rate for the life of the loan. However, it may end up costing you more money if interest rates drop over the next one or two years. Learn more about how to decide whether you may or may not want to buy down...

Dr. Nerissa Kreher transitioned from a traditional role as a pediatric endocrinologist to a nonclinical career in the pharma/biotech industry. She has moved up in that world and today is CMO of a biotech company. She talks about different career paths available to physicians, gives advice to those considering a change, and talks about compensation as it compares to a clinical physician. She also c...

Do you have enough money in the bank for your rainy day fund? What amount is too low or too much just in case you need it?\ In this episode of the Finance For Physicians Podcast, Daniel Wrenne talks about setting the cash target. Ideally, you're not over or under. By knowing what you need to get to, you're empowered to make better decisions to reduce stress and risks, and increase return on your d...

What make, model, and year is the car you drive? Thinking about buying a new one? Why? Consider all factors to make the right, not wrong buying decision.       In this episode of the Finance For Physicians Podcast, Daniel Wrenne talks about why he drives an 18-year-old Toyota Avalon. The 2003 vehicle has heated leather seats and a 6-disc CD changer—it's still in good condition and comfortable to d...

Even with your own home, have you noticed that real estate prices have been a bit hectic? How do you build wealth with real estate? Not with your primary residence.    In this episode of the Finance For Physicians Podcast, Daniel Wrenne talks about real estate as an investment outside of your primary residence. You are building wealth with your home, but it is hard to realize that wealth.    Topic...

Today Jon continues his discussion on the new MGMA data. Link: www. ContractDiagnostics.com

Today Jon talks abut the new MGMA data that just came out. He shares some information for physicians. Link: www. ContractDiagnostics.com

Nic McGrue is a transactional attorney who specializes in real estate matters. He is well versed in syndication and financing issues. He talks about the steps to forming a syndication, finding investors, underwriting the deal, putting together a team and some tax advantages of being the syndicator or investor.  You can learn more about  Nic at www. PolymathLegal.com

Have you ever worked with a financial planner? Do you have enough money saved for a financial planner to help? When are you ready to hire a financial planner? Depends on the situation or preference. If you want help, the sooner the better. In this episode of the Finance for Physicians Podcast, Daniel Wrenne talks to Jeff Wenger, a Certified Financial Planner (CFP®), about when to hire a financial...

Today Jon talks about a story involving a surgeon and how her shifts were increasing but she was not being compensated for it. Link: www. ContractDiagnostics.com

Today Daniel Wrenne covers flexibility, security, and how your finances can really push you towards that or the opposite of that. Links: www. WrenneFinancial.com