Wealth Minded MD

Student loans are entering a brand new era as Trump signs the One Big Beautiful Bill into law. In this episode, we break down what the latest changes could mean for you and how to navigate them with confidence. From new borrowing caps and repayment assistance plans to how your adjusted gross income affects payments, we cover it all. We also dive into what’s changing with public service loan forgiv...

Luxury travel doesn’t have to mean luxury prices. In this episode, we break down exactly how to enjoy high-end experiences while staying on budget, as Lisha shares her recent trip  to Japan. We talk through practical strategies like booking hotels with credit card points, getting the most out of concierge services, and finding affordable international flights. Learn how to plan a trip that fe...

Big life changes in your 30s can come with even bigger price tags. In this episode, we unpack the three financial considerations for young professionals: kids, housing, and large upcoming expenses like weddings and vacations. We share personal experiences about managing childcare costs, deciding whether to buy or rent a home, and budgeting for the big events.  You’ll also get practical advice...

Short-term rentals can be a great way to build wealth, especially for high-income earners like physicians. But before you jump in, there are a few things you need to know. In this episode, we talk through what it really takes to succeed, from the time commitment and team support to understanding local rules and risks. We also break down the short-term rental loophole and material participation rul...

The new Trump tax bill could bring major changes for high-income earners, especially physicians. In this episode, we break down what’s in the bill and how it might affect your finances. We cover key proposals, including the permanent extension of the 2017 Tax Cuts and Jobs Act and increases to the standard deduction. We also explore updates to estate planning limits, deductions for auto loans and...

Nothing kills the joy of a vacation faster than stressing over the cost. In this episode, we uncover savvy, creative strategies to fund your travels, without draining your bank account. From leveraging credit card points and flight miles to attending conferences that cover part of your trip, we explore real ways to make travel more affordable. You'll also learn how to tap into tech tools and onlin...

Buying your first home is an exciting milestone, but it can also feel overwhelming. With the right preparation and a solid plan, the process becomes much more manageable. In this episode, we break down everything you need to know before taking the leap into homeownership. We cover the importance of getting pre-approved, gathering key documents, and interviewing lenders. We also explore different m...

Balancing the demands of medicine and parenthood is a challenge many face, but Drs. Nii and Renée Darko have found a way to make it work with intention and strategy. In Part 2 of our conversation, the couple shares how they transitioned to locum tenens to gain more control over their schedules and family life.  They open up about how having children reshaped their financial priorities, how th...

Crushing nearly a million dollars in debt might sound impossible—but not for Drs. Nii and Renée Darko. In this episode, we dive into their journey from overwhelmed to financially empowered as they share exactly how they tackled over $660,000 in debt within 3 years. The hosts of Docs Outside the Box open up about the budgeting strategies that worked, how they prioritized debt repayment, and th...

Negotiation is a powerful skill that can help you get more from your career. In this episode, we sit down with Dr. Kayla Marshall to hear how she confidently negotiated a $15,000 salary increase and better work conditions after going through our Negotiate Like a Boss Accelerator program. Dr. Marshall talks about what it really took—getting clear on her value, preparing for the conversation, and sh...

Hiring your child might sound unconventional, but it can be a smart tax-saving strategy when done right. In this episode, we cover everything you need to know about hiring your child as an employee for your business—from the benefits of shifting income from a higher tax bracket to a lower one, and the tax deductions that come along with it to the detailed guidelines on age-appropriate tasks, indus...

Vetting financial advisors by evaluating their credentials, fees, and alignment with your goals helps you make an informed choice and find the right professional for your financial needs. In this episode, we discuss how to evaluate your financial advisor effectively, offering tips on asking the right questions to ensure your advisor is meeting expectations. Learn how to verify if your portfolio's...

Your contract is likely approaching its automatic renewal date, but that doesn’t mean you have to settle for the same terms. In this episode, we share practical, high-impact tips on how to renegotiate your work contract before it auto-renews. Learn how to determine your value, identify who has the authority to approve changes, compare your compensation to industry standards, and clearly define wha...

The economic headlines might feel overwhelming; stocks are going up, stocks are going down, and maybe you or people around you are starting to panic—but there are smart ways to protect your finances. In this episode, we address the recent fluctuations in the stock market, the impact of tariffs, and the financial uncertainty many are facing. We discuss the importance of maintaining a long-term inve...

What do you do with an old 401(k)? Should  single people buy life insurance? And how do you let yourself actually enjoy your money after years of frugal living? In this episode, we answer listener-submitted questions that touch on common financial challenges physicians face. We break down rollover options for a small 401(k), including pros and cons of using a Roth IRA or your new employer’s p...

If you have access to a 457(b) through your employer and you're trying to figure out whether it's a smart move for your financial future, we've got you covered. In this episode, we dive into the intricacies of the 457(b) retirement account, a powerful yet often overlooked option for high-income earners. We break down the key advantages, such as tax-saving benefits and investment growth, and walk y...

Taxes don’t have to be a headache, especially when you know how to work the system! In this episode, we’re diving into non-traditional tax-saving strategies for high-income earners. Learn how Dr. Brittne saved $25,000 on her taxes by investing in oil and gas. We’re breaking down the benefits, risks, and key steps to vetting these alternative investments, so you can decide if they’re the right fit...

Tax season is approaching, and while it might feel like a roller coaster, we’ve got your back! In this episode, we’re sharing practical strategies to navigate the chaos, reduce stress, and stay on top of your tax game. Discover how to make the most of tax professionals and strategists, manage the flood of tax documents, and uncover valuable deductions, even if you don’t have a mortgage or kids. We...

Juggling multiple retirement accounts can feel like a financial circus, but with the right strategy, you can make them work for you. In this episode, we dive deep into strategies for managing and maximizing multiple retirement accounts. Learn how to navigate various tax-protected accounts to your benefit, understand the differences between employee and employer contributions, and prioritize accoun...

If you have a side gig, there’s a powerful way to grow your wealth while protecting it from taxes. In this episode, we delve into the benefits and nuances of Solo 401ks and the advanced Mega Backdoor Roth IRA strategy. Discover how a Solo 401k lets you contribute as both an employee and employer, and how it can be an excellent option for self-employed professionals and those with side gigs. We als...

Too many people leave money on the table simply by not optimizing their finances. In this episode, we discuss actionable ways to elevate your financial well-being in 2025,  from being mindful of where to keep your cash for the best returns to canceling unnecessary credit cards and consolidating retirement accounts for simplicity.  We also delve into the importance of having a clear stude...

Despite your best intentions, you’re probably wasting money without even realizing it. In this episode, we explore the hidden money leaks draining your budget and how to stop them. From bank and investment fees to whole life insurance and overlooked expenses like unused gym memberships, streaming services, and digital storage costs, we dive deep into the financial pitfalls that are easy to overloo...

A Backdoor Roth IRA is a powerful tool for building long-term, tax-free wealth, but navigating the process can be tricky. In this episode we  break down the basics and advanced strategies of the backdoor Roth IRA—what it is, who should use it, and how to do it right. Learn how to execute the process step-by-step, address common mistakes like over-contributing, and clarify when the backdoor Ro...

Index fund investing is a simple and effective way to build wealth through diversified, passive investments, but it can feel overwhelming at first. In this episode, we break down everything you need to know. From the benefits of index funds and how to choose them to why they’re an ideal option for you, we’ll also cover minimum investments, different types of index funds, diversification strategies...

Starting your investment journey can feel overwhelming, but it doesn't have to be complicated. In this episode, we walk you through five key steps to help you navigate the process with confidence, from taking inventory and clarifying your goals to prioritizing accounts, selecting investment types, and choosing the right asset allocation. Whether you are new to investing or looking to refine your a...