Financial Residency Network

Financial Residency

Business EN ↓ 977 episodes

As a doctor, you spent decades in school to get to where you are. Unfortunately, during all those years in medical school and residency, you probably didn't receive a financial education. But, not to worry. That's where I come in. Think of this podcast as your financial residency without the long hours and sleepless nights! I will guide you through a financial education resulting in money confidence and clarity in this critical aspect of your life. You'll understand how you make money, how you spend money, how your hard-earned money can work for you, and how to protect yourself and your family...

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Financial Residency Network

Episodes

Financial Vitals: Improving Financial Literacy Begins With Talking Money With Our Children 23.02.2023 47:09

Competent handling of finances is not easy, especially for doctors working 24/7 on the clock. But the truth is that we all have to get good at it. Whether because we have a debt to pay, a family to feed, or to survive the incoming recessions. Our guest today, Dr. Caroline Clerisme specializes in just that with her company Doctors Out Of Debt - helping doctors take a hold of their existing debt and...

Mortgage Minute: Basic recommendations for residents looking for their attending home 22.02.2023 9:08

It's Match Season! New med students are becoming residents...residents are becoming attendings...and many of these people are looking for a new home. Doug offers some words of advice about applying for a mortgage, getting preapproved versus prequalified for a loan, how to find a realtor if you're moving to a new area, and options for what to put on your qualification letter that will go out to the...

Coffee & Contracts: What should you look for in a contract review firm/attorney? 21.02.2023 4:02

Today I want to discuss questions you should be asking a firm that you want to review a contract. LINKS: www. ContractDiagnostics.com

Grand Rounds: Comparing and Contrasting More than One Contract with Jon Appino 20.02.2023 17:42

It's that time of year when senior residents and fellows are busy interviewing and signing contracts for their first attending position. Jon Appino talks with Dr. Tammy about how to compare and contrast more than one job offer. It goes beyond just looking at the compensation. www. ContractDiagnostics.com

Coffee & Contracts: What is a good turn around time for review and negotiation_ 18.02.2023 4:33

Today I discuss what is a reasonable amount of time to have a contract reviewed and signed. I point out some red flags too! LINKS: www. ContractDiagnostics.com

Financial Vitals: Improving Financial Literacy Begins With Talking Money With Our Children 17.02.2023 46:52

Financial Vitals: How Physicians Can Use Frugality To Improve Their Lives 16.02.2023 48:29

If you're a medical professional that is struggling financially or trying to pay off student debt, this episode of "Finance for Physicians" is for you! Our guest is Dr. Disha Spath: A first-generation immigrant success story, Disha found herself alongside her husband in a precarious financial situation with a huge debt to pay out after medical school. After living on the fence for a while, Disha...

Mortgage Minute: Using an offer letter vs contract for securing a mortgage 15.02.2023 5:02

Tis the season again when senior residents and fellows will be taking new attending jobs. Doug talks today about using a one-page offer letter versus a full contract to secure your mortgage. It may eliminate some questions and stipulations an underwriter might otherwise come up with when going through your entire contract. If you have specific questions, Doug is always happy to answer them if you...

Coffee & Contracts: Medical Directorship Pay - How much? 14.02.2023 4:04

Today I am talking about medical directorships. We get a lot of those questions, so today I answer some questions. LINKS: www. ContractDiagnostics.com

Grand Rounds: Special Edition - What is it like practicing in California with Dr. Besim Uzgil 13.02.2023 23:05

What is it like to practice medicine in California? Dr. Besim Uzgil talks about some of the challenges such as the high cost of living and homeless population, but also highlights the positives like being able to be on the beach in Monterrey or skiing in the mountains at Lake Tahoe over a single Christmas break.

Coffee & Contracts: Non-Competes - going away? 10.02.2023 3:29

Today I'm talking about non-competes. President Biden recently gave his State of the Union where he mentioned non-compete agreements as well. Join me as I talk about non-compete. LINKS: www. ContractDiagnostics.com

Financial Vitals: Moving Away From Toxic Work Environments And Into Physician Friendly Practices 09.02.2023 44:36

If you're in medicine, chances are you have experienced toxic work environments. Toxic work environments are a big problem in any industry, but it's even worse in medicine. Very often, it's the work culture, not the work itself that burns you out. Or at least that was the case with Dr. Lara Hochman. Lara is a family physician who found herself burnt out and out of a job after a stint at an unhealt...

Mortgage Minute: How do student loans affect qualifying for a mortgage? 08.02.2023 4:18

Doug talks about how student loan debt affects qualifying for a home loan. Not every bank counts the student loans in the same manner, which may impact your debt-to-income ratio when determining how much loan you can obtain. Link to website: https://dougcrousephysicianloans.com/

Coffee & Contracts: Nonnegotiable restrictive covenants! 07.02.2023 4:31

Today I answer a question that has come up on nonnegotiable restrictive covenants. LINKS: www. ContractDiagnostics.com

Grand Rounds: Dr. Devon Gimbel talks leveraging everyday expenses into credit card points and travel 06.02.2023 22:13

Dr. Tammy welcomes back Dr. Devon Gimbel to talk about leveraging everyday expenses into credit card points that you can use for amazing travel. She talks about the cost-benefit analysis of taking credit cards that charge fees. She also discusses how to determine whether it is worth it to use a credit card for large expenses even when you have to pay a fee to do so. You can follow Dr. Gimbel on Fa...

Coffee & Contracts: RAD signing bonuses? 03.02.2023 2:51

Today I talk about a question I have seen come up. I get asked about the common signing bonuses for radiology. LINKS: www. ContractDiagnostics.com

Financial Vitals: Learning How To Fight Burnout Through Life Experiences 02.02.2023 46:23

Burnout is tough, especially for physicians. But you don't have to be a victim of it. There are ways to combat burnout. It's not this unfixable or unmanageable thing. There are steps you can take. This is why, for this episode, we're interviewing Dr. Sapna Shah-Haque! Dr. Sapna Shah-Haque is a primary care physician who's had numerous battles with burnout, even losing a friend to it, which is part...

Mortgage Minute: Appraisals: What happens when they come in too low 01.02.2023 4:52

Coffee & Contracts: Partnership Language. 31.01.2023 6:19

Today I go over a question I have been asked in a past talk. Join us today to find out the question and response. LINKS: www. ContractDiagnostics.com

Grand Rounds: Ryan Miller with Etna Interactive talks about ways to manage your online reputation 30.01.2023 20:11

Physicians frequently feel helpless when they get a bad review online. Ryan Miller, CEO of Etna Interactive, talks today about how you can manage your online reputation and even offers valuable advice on how you can respond to your reviews. His company helps physicians and institutions manage and improve their online brand in various ways. www. EtnaInteractive.com

Financial Vitals: Using Finances To Fight Physician Burnout 27.01.2023 29:48

Physicians are often associated with burnout. And there's a reason why. There are arguably few professions that rival the stress a physician has to endure throughout their career. But the stress isn't always at the hospital or the private practice. Financial matters can cause distress for physicians, but they can also be the solution. On this episode of the Finance for Physicians podcast, we're go...

Coffee and Contracts: Questions Answered Part 5 26.01.2023 4:53

Today I want to talk about the letter of intent for academic job. LINKS: www. ContractDiagnostics.com

Financial Vitals: Donor Advised Fund 25.01.2023 4:01

Today I gonna talk about another end of year and beginning of the year tax and planning strategy to think about. Links: www. WrenneFinancial.com

Mortgage Minute: What options are available when buying a home for your parents 24.01.2023 3:36

What happens when appraisals come in too low? Just because you offer a certain amount for a house doesn't mean the appraiser will agree it's worth that price. Does that affect the amount of money a bank will lend? Can you renegotiate with the seller to get a better price? Link to website: https://dougcrousephysicianloans.com/

Grand Rounds: Christin Trujillo with Maven FP talks about how a fractional CFO could help your practice be more financially successful and thrive 23.01.2023 24:10

Are you a practice owner or dream of opening your own practice? Today we talk with Christin Trujillo who is a Fractional CFO with Maven Financial Partners. She works with physicians to help them understand their financials, build budgets, plan for growth, bring on new partners, and design a blueprint for the future of their business. You can learn more at www. MavenFP.com .