Financial Residency

Discover how BMO Bank's exclusive rate modification feature can help you save on loan costs, with the flexibility to relock your rate if market conditions improve, all while avoiding high refinancing fees. Plus, don't forget to reach out for a free copy of Doug's book,  The Hippocratic House , by emailing doug.crouse@bmo.com. Tune in for more insightful mortgage advice! To learn more about Doug, g...

Dr. Jordan Grumet is the podcast host of Earn and Invest and author of "Taking Stock: A Hospice Doctor's Advice on Financial Independence, Building Wealth and Living a Regret-Free Life." He reflects on his hospice patients and own experiences, which taught him the importance of finding those things that fill your cup and bring you joy. We talk about finding the balance between building our finance...

Today, Jon from Contract Diagnostics speaks on recent news that has brought a major change: the FTC's nationwide ban on non-competes has been overturned. This means the regulation that aimed to eliminate non-compete agreements for all workers, including physicians, is no longer in effect. While some states have adjusted their rules, the nationwide ban is suspended, and current non-compete agreemen...

In this episode of Mortgage Minute with Doug Crouse from BMO Bank, discusses the importance of planning ahead if you can't attend your closing in person. Learn about the necessity of arranging mobile notary services or using a power of attorney well before your closing date. Discover why most lenders require wet signatures and the need for advance notice to ensure a smooth signing process. Plus, d...

In this episode of Mortgage Minute , host Doug Crouse from BMO Bank discusses potential future changes that may impact mortgage availability, especially for out-of-footprint states on the East Coast. He suggests that opening a free checking account with BMO could help preserve your banking options if such changes occur. Plus, don't forget to reach out for a free copy of Doug's book,  The Hippocrat...

In this episode of "A Life Well Lived: A Physician's Guide to Wealth Masterclass," host James Nutter welcomes Darlene Dresch, a prominent real estate expert, for an in-depth discussion on the 2024 real estate trends for physicians. They explore critical financial aspects and market dynamics that physicians need to know when securing their dream homes. As part of this masterclass, Darlene shares he...

In this episode of "A Life Well Lived: A Physician's Guide to Wealth," James Nutter provides a comprehensive checklist for pursuing Public Service Loan Forgiveness (PSLF) for physicians. He breaks down the steps to understanding the requirements, confirming if PSLF is right for you, getting organized and doing it consistently, building a contingency plan, and what to expect when you reach 120 paym...

Dr. Niki Kennedy started out as a biomedical engineer, but then became a vascular surgeon. Her passion is bringing people together to advance medical technology and make healthcare better. She founded Arbor Hive, which is a network of physicians, allied health professionals, business owners, investors, engineers and others who come together to make this happen. Joining the group is free and can he...

Welcome to this episode of Mortgage Minute with Doug Crouse! Today, we dive into BMO's Rate Modification Program, a cost-effective alternative to traditional refinancing. Learn how you can save money by modifying your loan rate without incurring the high costs of a new appraisal, title work, and lender fees. Discover the benefits of a flat fee structure and how this program can help you bypass the...

In this episode of the Mortgage Minute, host Doug Crouse from BMO Bank discusses the potential upcoming rate cuts by the Fed and the impact on refinancing decisions. Doug warns against hasty refinancing based on lender hype and emphasizes the importance of evaluating if refinancing truly benefits you. He advises considering factors like loan size, closing costs, and breakeven periods before making...

Join us for a comprehensive Q&A session at Contract Diagnostics, where we address crucial questions about hiring PAs and nurse practitioners, navigating private practice contracts, and negotiating terms during transitions. Discover expert advice on salaries, benefits, and making informed decisions about your medical career. Jon invites individuals to contact Contract Diagnostics through phone, cha...

In this insightful episode of "The Life Well Lived: A Physician's Guide to Financial Wellness," host James Nutter continues his compelling Financial Wellness 101 series. Designed to help physicians take control of their finances and, by extension, their lives, this episode dives into the significance of setting a clear, value-driven vision for financial goals. James emphasizes the crucial role of...

In this episode of "The Life Well Lived, a Physician's Guide to Wealth," host James Nutter dives into the final stages of the Financial Wellness 101 series. Over the summer, James has guided listeners through numerous areas of financial wellness, addressing key aspects such as financial vitals, free cash flows, values workshops, and time audits. Now, as the series draws to a close, James focuses o...

Physician philosopher, author, anesthesiologist and host of Money Meets Medicine podcast Dr. Jimmy Turner joins us today to talk about how enjoying the journey can help a physician maintain and achieve happiness both personally and professionally. Although it is important to plan for the future, it is also important to live in the present. Being intentional about life and money can be the key to l...

Financial Wellness 101 series, James helps listeners understand the monetary value of their time and how it directly influences their financial success and overall well-being. James begins by highlighting the importance of recognizing time as the most valuable resource. He encourages listeners to evaluate where their time is being spent and to consider the opportunity costs associated with everyda...

Financial planners James Nutter and Jeff McPherson, alongside CPA Matt Barczak, dive deep into crucial tax deduction strategies for 1099 physicians. They explore vehicle deductions, employing family members, and maximizing retirement plan contributions. The session offers essential insights into effective financial planning, including the Augusta rule and optimizing Roth IRAs. Real-life scenarios...

In this episode, we dive into the most pressing questions from our audience about medical compensation trends, including regional comparisons between anesthesiologists and CRNAs, the impact of inflation on RVUs, and the benefits of including annual salary increases. Join us as we provide concise answers and insights into how various medical specialties are navigating these challenges. Jon invites...

Join Doug Crouse on the Mortgage Minute as he discusses how he can connect you with the right resources for business loans, car loans, and home equity lines of credit. While not directly related to mortgage services, Doug is here to point you to the experts at BMO who can help with your financial needs. Plus, get details on how to receive a free copy of his book, "The Hippocratic House. Plus, don'...

In this episode of Mortgage Minute, Doug from BMO Bank clarifies common misconceptions about doctor loans, including the possibility of having multiple loans, equity requirements, and how different banks, like BMO, handle these loans for physicians. He also addresses rules for buying second homes and investment properties with doctor loans. Plus, don't forget to reach out for a free copy of Doug's...

Many physicians are now using AI medical scribes to take notes during appointments. It allows doctors to truly interact with their patients while at the same time making them more efficient and notes more detailed.   Freed founder Erez Druk and his wife Dr. Gabi Meckler join us today to talk about the inspiration for Freed, how it works, the cost for using the technology and new innovations curren...

This episode is brought to you by Equity Multiple . Dedicated to assisting physicians in simplifying their investment journey, Equity Multiple enables passive investment in vetted, professionally managed commercial real estate. Learn more at www.equitymultiple.com . This week on Mortgage Minute, Doug Crouse from BMO Bank explains the difference between par, premium, and discount mortgage rates. Le...

This episode is brought to you by Equity Multiple . Dedicated to assisting physicians in simplifying their investment journey, Equity Multiple enables passive investment in vetted, professionally managed commercial real estate. Learn more at www.equitymultiple.com . Jon discusses how to maximize vacation time and navigate employer leave policies. He covers the nuances of paid and unpaid leave, the...

This episode is brought to you by Equity Multiple . Dedicated to assisting physicians in simplifying their investment journey, Equity Multiple enables passive investment in vetted, professionally managed commercial real estate. Learn more at www.equitymultiple.com . In this episode of "A Life Well Lived: A Physician's Guide to Wealth," James Nutter emphasizes the importance of time and how it is t...

This episode is brought to you by Equity Multiple . Dedicated to assisting physicians in simplifying their investment journey, Equity Multiple enables passive investment in vetted, professionally managed commercial real estate. Learn more at www.equitymultiple.com . James Nutter from IM Wealth navigates the "Life Well Lived" series, focusing on aligning your financial decisions with core values. D...

This episode is brought to you by Equity Multiple . Dedicated to assisting physicians in simplifying their investment journey, Equity Multiple enables passive investment in vetted, professionally managed commercial real estate. Learn more at www.equitymultiple.com . Welcome back to the Mortgage Minute with Doug Crouse from BMO Bank! In this episode, Doug shares essential tips on comparing lender o...