The Grow Your Wealthy Mindset Podcast

Are you a physician thinking about buying a home but tired of the usual “30% of your income” rule? In this episode, we explore how to figure out how much house you can really afford as a doctor, without relying on arbitrary percentages or just what a lender says you can borrow. We talk about the smarter way to approach physician home buying, including: ·         How to calculate the total cost of...

Trump has proposed bringing back ultra-long mortgages — including a 50-year option — as a way to make housing more affordable. But would stretching a loan over half a century really help? In this episode, we break down the real math behind the idea. You’ll learn why a longer mortgage term might look affordable month to month, but could cost you hundreds of thousands of dollars more over time. We’l...

As the year ends, take a moment to pause and reflect. Instead of chasing resolutions, what if you designed a year that feels truly wealthy — rich in meaning, freedom, and joy? In this episode, learn how to align your money, time, and energy with what matters most, set financial intentions instead of goals, and take small, intentional steps toward your ideal life. In this episode, you’ll learn: · ...

This Christmas Eve episode invites you to slow down and reflect on one of the biggest myths we tell ourselves — the myth of more time. As physicians, we often believe that at some point in the future, life will finally calm down. We’ll have better systems, more support, and more space to breathe. But the truth is, time doesn’t just appear — we have to choose to make it. In this episode, we’ll expl...

This is the last episode in the How of Happiness Series that follows the 12 exercises outlined in The How of Happiness by Dr. Sonja Lyubomirsky This episodes explores how meditation and physical activity can boost happiness and well-being. You’ll learn how meditation trains the mind for calm and awareness, how exercise can be as effective as medication for improving mood, and why both practices st...

This episode explores different money types—the patterns of beliefs and behaviors that shape how you earn, save, spend, and think about money. Understanding your personal tendencies can help you build a healthier and more balanced financial life. This episode walks through several common money types—the Compulsive Saver, Compulsive Spender, Worrier, Gambler, Dreamer, Avoider, and Optimizer—and sha...

What should you do when you suddenly come into extra money—like a bonus, inheritance, or settlement? Before you rush to spend it, take a pause. In this episode, we talk about how to make the most of an unexpected windfall so it supports your long-term financial goals instead of disappearing quickly.   You’ll learn: Why the first step after receiving a windfall is to do nothing—and where to safely...

Thanksgiving isn’t just about turkey and pumpkin pie — it’s also full of lessons that can help you build a healthier relationship with money. This episode of The Grow Your Wealthy Mindset Podcast, explores how the traditions and spirit of Thanksgiving reflect key principles of financial wellness. From planning ahead and practicing generosity, to cultivating gratitude and finding balance, you’ll di...

As the year comes to a close, it’s time to make sure your finances are in order before December 31st. In this episode, we go over a practical year-end checklist designed specifically for physicians to help you save money, reduce taxes, and start the new year on solid financial footing.   We’ll cover: How to maximize retirement contributions and employer matches Smart ways to use your CME funds and...

This is the 11th episode that comes from the book The How of Happiness by Dr. Sonja Lyubomirsky. This week, we look at how faith and spirituality can influence happiness, health, and resilience.  Whether you identify with a particular faith, consider yourself spiritual but not religious, or approach life from a secular perspective, this episode invites reflection on how connecting with something l...

Have you ever kept going with something—even when you knew it wasn’t worth it—just because you’d already invested so much time, money, or effort? That’s the sunk cost fallacy at work. In this episode of The Grow Your Wealthy Mindset , Dr. Elizabeth Chiang explores how sunk costs, opportunity costs, and expected value shape our financial and life decisions. Drawing insights from Annie Duke’s Quit:...

This week, we’re diving deeper into spending—what truly counts as a need versus a want, and how to make sure your spending reflects your values and supports your financial goals. Even high-income earners can struggle to save when lifestyle inflation creeps in. In this episode, we’ll explore how lifestyle inflation happens, how to recognize it, and how to shift toward mindful spending that brings l...

Have you ever wondered how much you should be spending on housing, groceries, cars, or fun? This episode breaks down how to create a realistic and values-based spending plan that fits your lifestyle and financial goals. Whether you’re creating your first spending plan or re-evaluating where your money goes each month, this episode will help you understand how to balance your spending between needs...

As physicians, we’re no strangers to long-term goals. Many of us spent years—if not decades—pursuing the dream of becoming a doctor. That kind of deep, meaningful striving can bring great fulfillment—but what happens when we achieve that goal and still feel like something’s missing? In this episode, we explore how goals influence our happiness, why the type of goals we pursue matters, and how to r...

Are you age 50 or older and contributing extra to your 401(k), 403(b), or 457(b)? Big changes are coming to catch-up contributions that could affect your retirement planning—especially if you’re a high-income earner. In this episode of The Grow Your Wealthy Mindset, I break down the IRS’s final regulations on catch-up contributions under the SECURE 2.0 Act and what they mean for you starting in 20...

As physicians, most of us start out following a traditional path: find a job posting, talk to recruiters, and take whatever positions are available in the places we want to live. But what if we thought differently about our careers? What if we created work arrangements that actually fit our lives, values, and goals? In this episode of The Grow Your Wealthy Mindset, I share my own story of explorin...

In this episode of The Grow Your Wealthy Mindset, we dive into donor-advised funds (DAFs)—a powerful but often overlooked tool for charitable giving. You’ll learn: What a donor-advised fund is and how it works Why donating appreciated assets (like stock) may be smarter than giving cash The benefits and downsides of using a DAF How Fidelity, Schwab, and Vanguard’s donor-advised funds compare When a...

When it comes to interest rates, not all percentages are created equal. In this episode, we break down the difference between APR (Annual Percentage Rate) and APY (Annual Percentage Yield)—two terms that may sound similar but can drastically affect how much you pay (or earn) over time.   We’ll explore: Why lenders advertise APR while banks flaunt APY How compounding frequency changes your bottom l...

Do you ever feel like you’re constantly chasing the next milestone, rarely stopping to enjoy the present moment? In this episode of The Grow Your Wealthy Mindset, we explore the powerful practice of savoring—intentionally appreciating positive experiences from the past, present, and future—and how it directly contributes to greater happiness and well-being.   This episode is the 9th in the series...

What does a two–week trip to Ireland really cost—and how do you plan for it without blowing your budget? 🌍✈️ In this two episode series, I take you behind the scenes of our recent two–week adventure across Ireland. From castle stays and scenic drives to cozy B&Bs and once–in–a–lifetime experiences (like a hawk walk at Ashford Castle), I share exactly how I planned the trip, the financial choi...

What does a two–week trip to Ireland really cost—and how do you plan for it without blowing your budget? 🌍✈️ In this two episode series, I take you behind the scenes of our recent two–week adventure across Ireland. From castle stays and scenic drives to cozy B&Bs and once–in–a–lifetime experiences (like a hawk walk at Ashford Castle), I share exactly how I planned the trip, the financial choi...

Life insurance isn’t something we buy for ourselves—it’s an act of love and protection for those who depend on us. This episode answers a listener’s question: How much life insurance is recommended? This episode dives deeper into how to determine the right amount of coverage based on your personal circumstances—whether you’re single, married, or raising a family. Dr. Elisa Chiang shares real-world...

In this episode, we explore a powerful and fun way to boost your happiness—by living in the present through flow and savoring. This is the 8th episode in the series following Dr. Sonja Lubomirski’s book, The How of Happiness.  You’ll learn what “flow” really means, how to create it in your daily life, and why it’s one of the most effective ways to feel more fulfilled, engaged, and joyful—whether a...

In this episode of The Grow Your Wealthy Mindset, we demystify the world of options trading—a topic that often feels complex and intimidating, especially for busy professionals like physicians. Whether you’ve heard of puts, calls, or covered calls and want to finally understand what they mean, or you're simply curious about how options can fit into a diversified investment strategy, this epis...

Dave Ramsey has helped millions of people take control of their finances—but does his advice make sense for physicians? In this episode of The Grow Your Wealthy Mindset, I break down where Ramsey’s principles work and where they fall short for doctors. With our unique financial journey—years of training, six-figure student loan debt, and sudden income jumps—physicians need a more nuanced approach...