Financial Residency

Today we're talking about how far to push when it comes to negotiations. Link: www. ContractDiagnostics.com

If you are in the process of getting a loan, you typically need to talk to the mortgage loan officer before you make an offer on a house to know if you qualify for the loan. The quickest way to know if you qualify if you get a Prequalification, which is given by the loan officer based on the information you provide. But sometimes you need to get a Preapproval, which is a loan that has actually bee...

Zoe Cangas is a realtor married to a physician. She has been working with physicians nearly exclusively for 5 years and realized they have unique needs when purchasing a house or moving to a new area. She created a nationwide network of other physician spouse realtors to help physician families when relocating. She talks about how her network benefits physician families and how she is still recrui...

Today Jon talks about a hospitalist looking into another hospitalist position. She needed help reviewing the contract for the new position. Link: www. ContractDiagnostics.com

Today we continue the talk on what your finances and how there's such a great indicator of how you're doing in living out your ideal life as a person.   Link to:   Values exercise (attached)  Aligning Your Time And Money Management With Your Values ->  https:// financeforphysicians.co/2020/ 11/05/aligning-your-time-and- money-management-with-your- values-with-jeff-wenger/    

So we've got a quick blurb today on visa physicians and what they need to consider as they look at their employment contract and how they've differ than a traditional W2 physician. Link: www. ContractDiagnostics.com

Today Daniel about your finances and marriage.   Link to:   Managing Finances As A Married Couple (with me and my wife, Alison) -> https:// financeforphysicians.co/2022/ 11/01/managing-finances-as-a- married-couple/

Many times a builder will offer a mortgage with huge incentives to use their lender, but does it make financial sense? Oftentimes no. You may get a huge credit, such as $25,000, but if you look at the fees, interest rate and presence of PMI, it may cost you more than a traditional physician loan. At the end of the day, it's a good bet that nothing is given for free. It's important to ask for the l...

Dr.  Davis  is a family medicine physician who made the jump to telemedicine before it became widespread. He also is also a coach and helps other physicians explore and sometimes transition to nontraditional or nonclinical careers. He is the author of "Telemedicine Confidential" and cofounder of NewScript.app which brings physicians together to find rewarding career paths if the more traditional r...

Daniel talks about what is an important topic and that is, what do your finances say about you as a person.    Link to:    Net Worth Tracker -> https:// financeforphysicians.co/2020/ 09/21/monthly-net-worth- tracker/      Cash Flow Tracker ->  https:// financeforphysicians.co/2021/ 02/01/monthly-cash-flow- tracker/    

Today Jon talks about the different type of pay structures and what you need to know. LINKS: www. ContractDiagnostics.com

Can money buy happiness?  You can have all the money in the world and be completely unhappy.  How can they use money and time to live happier lives.   In this episode of the Finance for Physicians Podcast, Daniel Wrenne talks to Jeff Wenger, a Certified Financial Planner (CFP®), about the science behind using money and time to attain happiness. In the previous episode, Jeff discussed how physician...

Jon got a question question from an experienced physician, and their question was, how do I negotiate a higher salary that lines up with my experiences and qualifications? Today Jon answers that question. LINKS: www. ContractDiagnostics.com

Doug talks about how the looming debt ceiling and the risk of defaulting on debt affected mortgage rates over the past few weeks. Now that a new agreement has been reached by the senate and the house, Doug makes some educated guesses about how mortgage rates may adjust. You can learn more about Doug or get a free copy of his book at  www. DougCrouse.com .

Dr. Jeep & Vanessa Naum wrote "What's Forever For - A Physician's Guide for Everlasting Love and Success in Marriage." They also coach physician families to help them have stronger, more intimate relationships. Jeep & Vanessa open up about their own marriage and talk about how admitting mistakes, being vulnerable to our partners and communication are key. They also discuss how compartmentalization...

If you drive a car and/or rent or own a home, do you know how to purchase and save money on home and auto insurance while maintaining adequate coverage?      In this episode of the Finance For Physicians Podcast, Daniel Wrenne talks to Andrew Wethall, an independent home and auto insurance agent for Energy Insurance Company. Andrew lives in Louisville, Kentucky, but works with customers all over t...

What does do-it-yourself (DIY) investment management look like? Taking this route isn't for everyone. It depends on your situation and personal interest. Just because you can do it, doesn't mean you should do it. If you want to do investment management yourself, learn how to do it right. In this episode of the Finance For Physicians Podcast, Daniel Wrenne talks to Dr. Kris Roach, a financial plann...

Today Jon talks about a quick question on how academic contracts are set up differently. LINKS: www. ContractDiagnostics.com

For today's edition of the Finance For Physicians podcast, we're bringing Dr. Jimmy Turner. Jimmy is the host of the Physician Philosopher podcast and Money Meets Medicine podcast. He's also the author of Determined: How Burned Out Doctors Can Thrive in a Broken Medical System. Jimmy made it early into his career. He built a six-figure business, received numerous awards, and became well-respected...

Today, we're talking about negotiations and timing. How long does this whole thing take when you get your physician contract and you start the negotiation process? Join us today to learn more! LINKS: www. ContractDiagnostics.com  

Dr. Jen Barna is a radiologist and creator of  www. DocWorking.com . She brought together an entire community to support physicians in achieving their financial goals while finding the proper balance between work and life based on each individual's goals.  Most recently, DocWorking introduced a Confidential Care Line to give its members 24/7 access to psychologists and counselors, which can be use...

Today I want to go over the big considerations to think about as you transition into practice. LINKS: www. ContractDiagnostics.com Resources: Schedule a No-cost Triage Meeting With WFP  https://go.oncehub.com/meetWFP   All-In Home Costs Calculator (downloadable spreadsheet template) https://financeforphysicians. co/2021/09/11/all-in-home- costs-calculator/   Renting Your Home Is The Key To Buildin...

Today Jon talk about malpractice insurance and how to know that you're fully protected. LINKS: www. ContractDiagnostics.com Have you ever considered a different way of practicing medicine, whether you are burned out, need a change at pace, or are looking to supplement your income? Locums story.com is the perfect place to start.  https://locumstory.com/  

Today Daniel Wrenne talks about the differences when it comes to cash flow.   Resources:    3 Exercises To Help You Clarify Your Values https://financeforphysicians. co/2022/06/09/3-exercises-to- help-you-clarify-your-values/   The Most Common Financial Planning Mistakes Physicians Make w/ Daniel Wrenne https://financeforphysicians. co/2023/03/07/the-most-common- financial-planning-mistakes- physi...

Today Jon Appino talks about how to negotiate your contract! LINKS: www. ContractDiagnostics.com Have you ever considered a different way of practicing medicine, whether you are burned out, need a change at pace, or are looking to supplement your income? Locums story.com is the perfect place to start.  https://locumstory.com/