Money Meets Medicine

Have you ever thought about what it would cost to take care of your parents as they get older, or are you in the midst of it now? That's exactly what Dr. Jimmy Turner and Dr. Rebecca Tapia discuss on this episode of Money Meets Medicine. On this show, the hosts dive into the cost of aging parents, potential burdens that may be faced (both those that are obvious and those you may not think about),...

Fellowship isn't for every resident physician to pursue, but for some it makes sense... but does it make financial sense? That is what Dr. Jimmy Turner and co-host Justin Harvey CFP discuss in this episode of Money Meets Medicine. The financial implications of pursuing a fellowship. Is it worth the return on investment?  If you are looking to get your financial literacy journey started, download a...

In this episode of Money Meets Medicine, the host Dr. Jimmy Turner discusses some of his worst financial mistakes and what he learned from each mistake so that others don't have to do the same. Specifically, he discusses mistakes with student loans, Jimmy's journey leaving the white coat investor network after becoming one of the four original partners, and more.  If you are a physician looking fo...

In this episode of the Money Meets Medicine podcast, hosted by Dr. Jimmy Turner and his co-host Justin Harvey, they discuss the potential financial consequences of sticking with the wrong financial advisor during one's career and retirement. They emphasize the importance of financial literacy for physicians, highlighting three groups of doctors based on their financial advisory needs: do-it-yourse...

In this episode, hosts Justin Harvey CFP and Dr. Jimmy Turner discuss the financial strategy revealing that $10,000 of income in retirement is equivalent to having $250,000 in retirement savings. They explore how physicians can plan for retirement, potentially requiring less money by generating passive income sources. The discussion includes the FIRE (Financial Independence Retire Early) movement,...

Dr. Jimmy Turner and co-host Justin Harvey reflect on the major financial milestones that doctors often aim for—and why tracking progress matters so much for financial motivation, clarity, and well-being. Join in as they tackle net worth goals, how Jimmy paid off $200,000 in student loans, and other milestones worth celebrating on the physician financial journey. If you are just getting started on...

What if I made you pick the one priority that was above all others? And how does money help us actually live that out? In this episode Dr. Jimmy Turner talks with Justin Harvey CFP about his journey through burnout, cutting back from medicine, and eventually coming back to full-time medicine after sorting it all out. What has he learned? How did personal finance play a part in helping Jimmy carve...

In this episode of the Money Meets Medicine podcast, hosts Justin Harvey and Dr. Jimmy Turner delve into the considerations physicians should make when deciding to lease or buy a car. The episode explores personal anecdotes, financial implications, and practical advice on car ownership. Dr. Turner discusses his experiences with owning multiple cars and the practicality of vehicles for a busy famil...

In this episode Dr. Jimmy Turner and Michael Kittner discuss how to make disability insurance more affordable, particularly while in training. They also cover certain kinds of guaranteed standard issue disability insurance policies that only exist while in training - and why it is a catastrophic financial mistake for a lot of doctors if they wait until after training to get disability insurance. ...

In this episode of the Money Meets Medicine podcast, Dr. Jimmy Turner and co-host Justin Harvey CFP discuss various implications and strategies regarding sudden inheritance of assets, including vehicles, cash, stocks, and trusts. They emphasize the importance of strategic financial planning and timely decision-making to optimize tax benefits, avoid financial pitfalls, and preserve family relations...

In this episode, host Dr. Jimmy Turner interviews Dr. Hannah Thompson and her husband, Chris Herring, from OtherSide Med. They talk about handling finances in residency, getting on the same page with your spouse financially which applies to more than just those in training. And we're even gonna touch on disability insurance and Hannah's journey and doing the due diligence and ending up getting dis...

In this episode, Dr. Jimmy Turner and Justin Harvey CFP discuss a common journey from financial independence, retire early (FIRE) to Die with Zero mentalities as doctors learn more about money and have more lived experience. They discuss specific tools to help you determine what you should be spending money on (and how much), financial arrival fallacies, and the importance of using money as means...

In this episode, Dr. Jimmy Turner and Dr. Kirk Heath talk all things locum tenens, physician entrepreneurship, and how financial independence helps doctors practice medicine on their terms. They discuss Kirk's journey from practicing full-time as a surgeon in a private practice setting to his journey into locums. They take a deep dive into how locums helps doctors individually, how it may be a sol...

In this episode of the 'Money Meets Medicine' podcast, hosts Dr. Jimmy Turner and Justin Harvey discuss strategies for managing personal finances during market downturns, specifically focusing on the impact of recent tariffs imposed by Trump in April 2025. They emphasize the importance of having a solid investment plan and understanding market history to mitigate psychological stress during volati...

This episode is sponsored by Locumstory . Your source for all things locums. --- Ben and Sam are doctors who don’t just heal with medicine—they create with music. In this episode, they talk about their parallel paths from the East Coast to Colorado, their shared musical background, and how they balance both call schedules and band rehearsals. Sam shares the highs of performing at Red Rocks, while...

In this episode of the Money Meets Medicine podcast, hosts Justin Harvey CFP and Dr. Jimmy Turner explore the topics of paying off mortgages early, establishing personal and professional boundaries, and the importance of having disability insurance.  They stress the significance of setting boundaries in professional life to prevent burnout, drawing from Dr. Turner's own experiences and his framewo...

In this episode of the Money Meets Medicine podcast, Dr. Jimmy Turner explores Bitcoin and its implications for the financial world with Dr. Noah Kaufman, an emergency medicine physician, rock climber, and former American Ninja Warrior competitor. Dr. Kaufman shares his journey into Bitcoin investment, explaining the concept of deflation, the intrinsic value of Bitcoin, and its potential societal...

This episode is brought to you by Locumstory —learn how locum tenens can help you find more freedom and flexibility in your medical career at moneymeetsmedicine.com/locums. --- Dr. Turner and Mike Kittner discuss the crucial topic of disability insurance for doctors. They explore common pitfalls and nightmares experienced by doctors in securing disability insurance and emphasize the importance of...

In this episode of the Money Meets Medicine podcast, host Dr. Jimmy Turner is joined by retired physician and credit card guru Dr. Devin Gimble to discuss how to maximize credit card points for luxury travel. Dr. Gimble, who funds $50,000 to $100,000 worth of luxury travel annually using points, shares her expertise on using transferable credit card points, such as those from Chase and Amex, to gr...

This episode of the Money Meets Medicine podcast, hosted by Justin Harvey and Dr. Jimmy Turner, discusses the perennial question of whether it's better to rent or buy a house, especially for medical professionals at various stages of their careers. They delve into financial considerations, personal anecdotes from their experiences, and statistical analyses, emphasizing that the decision is not alw...

In an episode of the Money Meets Medicine podcast, hosts Dr. Jimmy Turner and Justin Harvey discuss optimizing retirement plans, specifically addressing the complexities and benefits of 457 plans. The conversation emphasizes the need to distinguish between governmental and non-governmental 457 plans, analyzing their risks and benefits. Governmental 457 plans offer flexibility and can be rolled ove...

In this episode of the Money Meets Medicine podcast, host Dr. Jimmy Turner is joined by Dr. Gita Pensa, an adjunct associate professor at Brown University and an expert in malpractice litigation stress and physician litigation support. Dr. Pensa discusses her decade-long experience with a malpractice lawsuit, the psychological and financial impact of being named in a lawsuit, and her work to suppo...

In this episode of the Money Meets Medicine podcast, hosts Dr. Jimmy Turner and Justin Harvey discuss the benefits and drawbacks of target date funds for beginner investors, particularly residents and early-career physicians.  The conversation also touches on the pitfalls of high expense ratios in 401(k) options and the importance of diversification in investments. They advocate for simplicity in...

In this episode of the Money Meets Medicine podcast, Dr. Jimmy Turner and financial advisor Justin Harvey delve into a range of personal finance issues pertinent to medical professionals. They start with an analogy to marriage and quickly move into a discussion about balancing work and personal life, emphasizing the challenges and benefits of considering part-time work. Both hosts share personal a...

In this episode of the Money Meets Medicine podcast, hosts Justin Harvey and Dr. Jimmy Turner discuss key personal finance topics relevant to physicians. The conversation covers experiences with long-distance travel for sports events, the pros and cons of alternative investments, and the financial consequences of changing jobs within the medical field.  They underscore the risks involved with cert...