Financial Residency

This recording was done with Student Loan Planner's, Travis Hornsby, as a result of the changes in the law for student loan debt in the last couple of months. There were several changes you should know about regarding repayment restructuring, suspension of payments, forgiveness, refunds, and the obligations to the PSLF program in general in light of The CARES Act. These are the high-level headline...

You know you need life insurance but not sure how much you need? While everyone's situation is different (turns out, personal finance is… personal), I give my take on how to best calculate how much coverage you need. Want to create a financial plan for under $25? Pick up a copy of our book on Amazon https://amzn.to/2VEhDZd

You finally started to manage your cash flow (aka the dreaded b word… budget!) and not sure what to do with money as it comes in. It can get confusing fast. Let's dive in and talk about the cash flow waterfall and how your money could be allocated as you continue to improve your cash flow. The Financial Fellowship is OPEN! It's likely going to fill fast, reserve your spot now .

These daily shows exist to help you fight through the tough times and the long hours. To be a familiar voice during the chaos. Hopefully it's making an impact, but others want to chime in and say their thanks, so take a quick listen. You aren't alone and you are so appreciated.

Trying to figure out if you ever need to hire a financial planner or not? Or maybe just trying to plan out when the "right time" would be. Well, as a financial planner, here are my thoughts on both of those questions. The Financial Fellowship opens next week! It's likely going to fill fast, reserve your spot now .

You have heard the pitch, buy whole life insurance because it's the only way real to protect your family. The extreme selling on fear is disgusting and frustrating because as a physician, you likely don't need those types of products. Our listener was sold one and she's not sure what to do from here. Tag me on social and let me know what you think she should do! Can you spare 1 minute? Literally j...

It's kind of an uncomfortable topic to talk about, but cutting to the chase, at some level we're thinking about death and that's why estate planning is important. Part of that process is understanding revocable trusts and learning how to utilize them effectively. Notesong and Nathan of Thoughtful Wills, the estate planning practice Taylor and I used for our estate plan, shares the knowledge we nee...

Did you just complete your first backdoor Roth contribution and are now trying to figure out all the tax forms to file? Well, one of our community members just did this and is now trying to figure out the 8606 form and what she needs to include in her taxes. If you have a similar issue, jump on in. I'd love to answer your questions, please email them to me at Ryan@FinancialResidency.com or click o...

Thought about buying gold and not sure if you should or not? Since we are almost at the point that sanitizer is worth more than gold, maybe it's better to hoard that liquid gold… Ha. Well here are my thoughts on IF you should buy gold and where to do it if you want to. I'd love to answer your questions, please email them to me at ryan@financialresidency.com or click on the link to leave me a voice...

Do you have health concerns and/or bad disability coverage? Heck even if you are healthy, you still need an emergency fund. Here are my thoughts on how much you should have in that piggy bank to save for a rainy day (or a pandemic.. ugh) I'd love to answer your questions, please email them to me at Ryan@FinancialResidency.com or click on the link to leave me a voicemail at www. FinancialResidency....

Feeling depressed watching the volatility in the stock market? Well, Melissa hasn't been feeling herself lately and wants to know what she can do. Again my crystal ball isn't working (I really should get a new one), but here are my thoughts on emotional investing. I'd love to answer your questions, please email them to me at ryan@financialresidency.com or click on the link to leave me a voicemail...

Prior to the pandemic were you trying to buy or sell a home and not sure what to do now? One of our community members was in that process and now is unsure of what to do. While my crystal ball is a bit dirty (anyone have a hand wipe?), here are my thoughts on what you need to think about if you are trying to jump into our out of the real estate market. I'd love to answer your questions, please ema...

The markets are going insane, but you don't have to. That's why it's important to know how it's affecting your investing behavior. Our next guest, Sarah Fallaw, founder of Datapoints and author of The Next Millionaire Next Door, shares what surviving the volatile markets looks like and finding your ideal investor profile. Want the investor profile Sarah is opening up to our audience on a LIMITED b...

Do you have some random retirement accounts from residency, fellowship or old jobs? Courtney does and she's trying to figure out if she should tackle that right now. Here are my thoughts on what you need to think about if you want to rollover your retirement accounts. I'd love to answer your questions, please email them to me at Ryan@FinancialResidency.com or click on the link to leave me a voicem...

Karen is looking to get her estate planning in order just in case her significant other ends up being exposed to this nasty virus. Here are my thoughts on what you need to get done to protect yourself and your family. Here is the link to the amazing estate planning attorney we used. https://financialresidency.com/TW

With markets so volatile, AJ was curious if he should delay contributing to his IRA or not. Here are my thoughts on how he can make the best decision for his situation. I'd love to answer your questions, please email them to me at Ryan@FinancialResidency.com or click on the link to leave me a voicemail at www. FinancialResidency.com/Question  

Jenny is trying to figure out what direction mortgage rates are going. Here are my thoughts on what you all should do if you are trying to refinance your mortgage. I'd love to answer your questions, please email them to me at Ryan@FinancialResidency.com or click on the link to leave me a voicemail at www. FinancialResidency.com/Question

With markets so volatile, AJ was curious if he should delay contributing to his IRA or not. Here are my thoughts on how he can make the best decision for his situation.  I'd love to answer your questions, please email them to me at Ryan@FinancialResidency.com or click on the link to leave me a voicemail at www. FinancialResidency.com/Question  

It's time to start talking about the elephant in the room. This is THE most important show that I will do all year. Good friend, Shakila Angadi, aka The Inspired Dentist, and I talk on COVID-19, our spouses, and a new term... anxiety pandemic. The book as RELEASED! Have you bought your copy yet? Find it here: http://www.financialresidency.com/preorder  

We have officially left the bull market and are headed toward the much less anticipated bear market as the result of the COVID-19 pandemic. It's not something a lot of the investors in our audience have experience with, so Kayse and I think it's important to help explain what this means while we survive not only quarantine but a market crash. See how the bear market affects upcoming predictions. ...

It's Match Day! For this special episode, we brought back Dr. John Ramey, Founder of Dr. Moves.com. There's a lot of happening right now around buying and loan refinancing, especially during a time where the market is chaotic. Do you have some questions surrounding the home buying process? See what John says you should know.  Interested in reaching out to DrMoves.com to see how they can help you w...

Market volatility is expected right now, especially as we approach uncertain times with COVID-19. But, generally, there are several benefits that can come from using specific strategies like tax loss harvesting during transitory periods throughout a physician's career. Find out how to offset losses, capitalize on gains and/or establish a basic understanding of what those things (and others) really...

In the financial space, there's a lot we see when it comes to how people handle their finances. While there is a ton of great things happening, there are also a few outliers. From the FinCon 2019 floor to today's show, my friends and I bring you the common money myths people see.  On the email list yet. If you were you'd know the book is coming out soon. We also have some info to share on Financia...

Taylor and I made it over to The Great Barrier Reef in Australia. While within the beautiful walls of fish, we got to reminisce on the 15-18 months it took us to actually make this bucket list trip a reality. As with life planning, we have to save, budget and stay a disciplined course in order to achieve the goals of our dreams. Building a financial plan unique to you is one way to do that.  The b...

Getting on the same financial page with your spouse isn't the easiest task, at least for this physician couple. While on our Australian adventure, Taylor and I discuss the most recent listener question about joint accounts and the intermittent need to agree on money.  Want the Get Organized Checklist referenced in the show? Download your FREE copy here: https://financialresidency.com/getorganizedc...