The FinancialMD Show

Summary: A Mission Trip [0:00:17] What Are Audition Rotations [0:01:11] Why Pick Orthopedics [0:02:21] Lindsay’s Journey With Mission of Hope [0:04:53] A Typical Day On The Mission Field [0:05:52] Holistic Mission: Practical Help And Spiritual Hope [0:07:58] Lessons From The Journey [0:09:02] Words For Those Who Want To Serve [0:10:25] Parting Thoughts [0:12:39]     Welcome to the Financial MD Sho...

Summary: What’s New At Financial MD [0:01:18] Finance Watch: Market Volatility, Tariff Buzz And Budget Cuts [0:03:34] Is It Time To Get Out Of The Market? [0:05:16] Have A Plan. Work The Plan. Or Fix The Plan [0:08:11] Action Steps To Stay On Track [0:09:14]     Welcome to the Financial MD Show. This is the only podcast designed specifically for residents and young physicians to help you become ed...

Summary: David's False Start [0:01:09] What Is Medicare? [0:04:35] "We Have Been Paying Into The Medicare System" [0:06:27] Is Medicare Mandatory For Everyone? [0:09:41] Medicare Advantage Plan – What Exactly Is This? [0:11:48] Original Medicare Vs Supplement Plan [0:14:49] HSAs And Medicare [0:19:10] How Can David Help You With Your Medicare [0:20:12] Connect With David [0:22:51]     Welcome to t...

Summary: Matt's Law School And MBA-Finance Journey [0:02:21] Embracing Estate Planning: The Turning Point [0:05:37] The Financial MD's Four-Step Roadmap [0:08:54] What Is Estate Planning? [0:10:52] Key Questions To Kickstart Your Estate Planning [0:13:22] Will Vs Trust: Definition of Terms [0:16:32] "You're In Control While You're Alive And Well" [0:20:29] Understanding Trusts: Common Setup And St...

Summary: Looking Back Since The Launching of Financial MD in 2020 [0:01:23] There Were More Graduating Resident Dinners Last Year! [0:06:45] It's Coming! The Financial MD Residency Online Course [0:08:15] Personal Finance In A Nutshell: 2023 Recap [0:10:50] Set Up Your First Short-Term Goal [0:13:30] Instill Discipline To Reach Your Goal – Reverse Budgeting Tips [0:17:40]     Welcome to the Financ...

Summary: Transitioning Into Practice: Focus On The W.I.N. Principle [0:01:23] Stephen Covey’s Four Quadrant: Important, Not Important, Urgent, Not Urgent [0:02:32] From Taxable To Tax-Free: The Art Of Roth Conversion [0:04:58] Plan For The Unexpected: Disability Insurance [0:07:32] Healthy Financial Habits: Budgeting And Managing Surplus [0:09:02] Financial MD's Resident Roadmap: Securing Your Fut...

Summary: Update On Trevor's Newest Business Endeavor [0:00:52] Embarking On A Journey: A Solo Private Practice [0:04:22] Protect Your Practice: Invest In Disability Insurance [0:06:26] Leading With Ownership: More Responsibility, More Satisfaction, More Rewards [0:10:44] The Trigger: Taking The Leap Into Solo Private Practice [0:13:16] The Perfect Timing For Your Business: Meeting Organic Needs [0...

Summary: What Does Cory Do? [0:02:08] The Moment Cory Decided To Become An Accountant [0:04:04] Critical Key Components: Psychology of Money and Behavioral Finance [0:06:13] Tip: Take Advantage Of That Lower Interest Rate – Invest! [0:10:59] All The Things You Need To Know About Being A CPA [0:11:42] The Start Of The Financial MD "Dinners" [0:14:52] Most Often Asked Question: What Is The Best Tax...

Summary: Dave Hall's Journey Into The Real Estate World [0:03:26] One Can Make As Much Money Doing Easy Flips [0:07:13] How And Where To Find Profitable Deals: The Process [0:09:57] Your Network Is Your Net Worth [0:13:52] For A Novice Investor, Should You Get Into Flips Or Into Rentals? [0:20:22] Let's Talk About Tax Benefits [0:24:07] Things That Dave Wished He Knows Then What He Knows Now [0:29...

Summary: The Gist Of Employee Benefits [0:01:30] Trevor's Thoughts And Opinions [0:03:12] Low Paycheck/With Benefits Vs High Paycheck/No Benefits [0:06:38] Basic Things To Know Regarding Employee Benefits [0:10:31] HSAs Are Awesome! [0:12:12] Another Option: Flexible Spending Account (FSA) [0:19:38] Retirement Plans: 401(k) vs 403(b) [0:23:04] Other Ancillary Benefits: Group Life Insurance [0:34:3...

Summary: What Happened To The Silicon Valley Bank? [0:02:13] FDIC: Where Do They Come In? [0:05:33] Other News: Stocks Are Holding Steady [0:07:10] As A Resident, What Does This Mean To You And Your Personal Finances? [0:08:05] Should You Buy A House? Student Loan Status During These Times [0:11:21] Interest Rates Keep Rising – A Good Time To Put Your Money In A High-Yield Savings Account [0:14:25...

Summary: Pros And Cons Of Doing 1099 Work (Being An Independent Contractor Or Business Owner) [0:08:17] Get Started On That 401(k) [0:11:01] Super Roth – A Third Contribution To Your 401(k) [0:13:25] Another Big Benefit [0:18:06] By Being A 1099, You Can Buy The Insurance You Want (Plus Others!) [0:20:27] Be Sure To Get A Financial Planner Who Always Touch Base With You Regularly [0:24:20] If You’...

Summary: Trevor’s Main Goal Out Of Residency – Pay Off Loans [0:01:35] Financial Advisors Are Accountable, To Some Degree, For Our Financial Decisions [0:04:19] Trevor Wants To Buy A New Car And Consults With Jon [0:06:03] Trevor Found His Car! [0:10:20] General Rule Of Advice: Buy A Two- Or Three-Year-Old Car [0:11:04] Process For Buying A Car These Days [0:13:46] Financing: What Are The Options?...

Summary: Let’s Talk About Real Estate [0:05:01] Diversification: Alternate Investments [0:07:48] Pros And Cons Of REITs [0:10:33] If You Want To Get Into Real Estate, Start With REITs [0:13:50] Jon’s Personal Real Estate History [0:16:51] Trevor’s Preference Regarding Real Estate [0:22:44] Why Do People Don’t Like Bitcoin [0:26:29] Jon’s Recent Real Estate Saga (All The Juicy Details Here!) [0:28:...

Summary: The Concept In Investing In Startups [0:02:11] Good Ideas Fail All The Time In The Marketplace [0:06:50] If You Cannot Put Numbers To It, You’re Gambling; Not Investing [0:09:25] Everything Goes Up Including Housing [0:16:04] Have A Specific Time Horizon When Investing [0:18:23] Dunning-Kruger Effect – Expert Bias or Self-confidence Bias [0:23:10] By The Time You Hear About It, It’s Too L...

Summary: Let’s Talk About Real Estate [0:05:01] Diversification: Alternate Investments [0:07:48] Pros And Cons Of REITs [0:10:33] If You Want To Get Into Real Estate, Start With REITs [0:13:50] Jon’s Personal Real Estate History [0:16:51] Trevor’s Preference Regarding Real Estate [0:22:44] Why Do People Don’t Like Bitcoin [0:26:29] Jon’s Recent Real Estate Saga (All The Juicy Details Here!) [0:28:...

Summary: Are We Heading Towards A Great Depression? [0:03:39] Current News Update On Crypto And Bitcoin [0:06:33] Just What Happened To The Luna? [0:11:16] Trevor Shares His Personal Strategies In These Unique Times [0:17:37] Leverage: An Interesting Strategy [0:20:16] Sometimes, It All Boils Down To A Person’s Emotional Well-being [0:23:16]     Welcome to the Financial MD Show. This is the only p...

Summary: What Happens After You Die (Financially-Wise) [0:02:50] What Is An Estate? [0:06:07] Aaron Spelling – An Example Of A Well-Managed Estate [0:08:51] What Is SECURE ACT? [0:11:16] Bitcoin As An Early Inheritance [0:16:17] There’s Something Called A Step-up In Basis [0:19:18] Gift Tax – What Is This? [0:23:17] How Do I Dictate What Happens After I Die? [0:27:07] Who Should Have A Trust? [0:3...

Summary: What You Need To Know, What You Should Look Out For [0:03:17] What Are Employee Benefits? [0:05:08] Generally, Large Companies Pay Less; Private Groups Pay More [0:06:56] Let’s Start With Health Insurance [0:09:03] Look Out For A Retirement Plan; 401(k) Vs 403(b) [0:12:29] Next Up: Disability Insurance [0:15:48] Life Insurance: Not Only For You But Sometimes For Your Spouse And Kids As We...

Summary: What’s In a Name? Venture Capital Firm Or Venture Studio [0:04:20] Reuben’s Startup Journey [0:07:03] What Areas/Sectors Do Venture Studios Look For In Startups? [0:11:23] Steps Doctors Can Make To Invest In Startups – First, Be An Accredited Investor [0:14:33] You Have The Opportunity To Do Impact Investing [0:17:36] Places To Go For Startups [0:22:38] A Success Story [0:24:49]     Welco...

Summary: Looking For Locums Work [0:02:35] Trevor’s Long-Term Goals And Aspirations Career-Wise [0:07:24] When Finding Jobs – Be Positive, Know Your Worth, Don’t Put Down Somebody Else [0:12:36] Burntout To Badass – Honing In On Your Priorities [0:19:57] There’s Something Called Geographic Arbitrage [0:24:23] The Secret Sauce If You Are Doing Locums – Call Up Hospitals And Ask For the Physician Re...

Summary: There’s A Certain Excitement On Initial Consultation [0:00:31] Being A Financial Advisor Is Interesting [0:02:13] Estate Planning – A Fun Kind Of Challenge [0:05:15] Having No Estate Planning Is A Bad Decision – Take For Example, Howard Hughes [0:06:53] There Are A Million Different Ways To Do Financial Planning [0:12:43] At Financial MD, We Are Happy To Have A Good Impact On Our Clients’...

Summary: Tesla Acquired 1.5 Billion Dollars’ Worth Of Bitcoin [0:01:11] Inflation – What Is The Value Of Money? [0:05:01] There’s A New Asset Class – Digital Assets [0:08:12] Everybody Can Have Bitcoin [0:10:49] The Reason Companies Are Buying Bitcoin [0:11:38] Pump Up Your Portfolio – Diversify! [0:16:23] Implication For The Average Young Physician [0:17:52] Volatility Is Not A Negative Thing [0:...

Summary: Russia Invading Ukraine – Implications [0:01:31] The Market Is Doing What It Always Does – Volatility [0:03:31] What’s Inside An Average Client Portfolio (It’s Not All S&P Index Fund) [0:04:05] Crisis In Europe Affects Gas Prices Which Affects The Stock Market [0:06:34] The Longer You Wait To Curb Inflation, The Worse It Gets [0:08:30]   Welcome to the Financial MD Show. This is the only...

Summary: What Is A 401(k)? When Was It Created? [0:03:00] What is a ROTH [0:10:27] Capital Gains Explained [0:13:44] Financial Advisors Can Help Maintain Your Accounts [0:16:16] When Is It Not A Good Idea To Do A 401(k) [0:25:44] Other Times To Not Use or Put Money In A 401(k) [0:33:27] What Can You Do With Your 401(k) [0:38:26]     Welcome to the Financial MD Show. This is the only podcast design...