Behind the Drapes: Anesthesiology and Critical Care Medicine

Welcome back to another episode of Behind the Drapes Season 2 where we are talking financial literacy. In this episode, I speak with Brian Manley about what credit is and how we can use it to our advantage. Listen along as we talk about the typical progression for loans that create credit, different credit card tiers, and how Brian played a huge role in helping me get this podcast off the ground.

01:30 Who is Brian Manley?

07:30 Learning About Finances

12:00 What is credit?

19:30 Progression of Obtaining Credit/Loan

22:30 Credits Effect on Housing

24:30 When Should You Get a Credit Card?

26:30 Credit Card Tiers

37:00 How Do You Use Your Points?

In this episode of Behind the Drapes, I talk with Justin Harvey about contract negotiations and navigating the job market. Justin is a financial advisor who not only works with Anesthesiologists, he had a front row seat to his wife going through the process of becoming a chronic pain physician. He also has a podcast titled "Anesthesia & Pain Management Success" where he talks about financial topics related to the career of an anesthesiologist.

03:30 Red Hot Market

09:00 Academics, Private Practice, Locums

11:30 Private Equity Groups

20:00 Negotiating with Academics

27:00 Red Flags in Contracts

31:30 Who Proof Reads Contracts?

37:00 Timeline for Looking at Jobs

APM Success Podcast (https://podcasts.apple.com/us/podcast/anesthesia-pain-management-success/id1444486964)

In this episode, we talk with Associate Chief of Lifespan Physician Group Anesthesia Department and one of our favorite educators in the Brown Anesthesia Residency about billing and practice management as well as his role as a recruiter for the department. This episode idea came after he gave a similar lecture to my residency class and really had me thinking more people need to hear this information. Listen along as we talk about what goes into anesthesia billing, general financial considerations anesthesia groups take into account, what his role of recruiter is like, and advice he has for new or soon to be residency grads looking for jobs.

03:30 Gaining Interests in Finances

04:30 Modern Anesthesia Billing

06:30 Who Sets the Price

09:00 Billing for Regional Anesthesia

12:00 Supervising CRNAs vs. Residents

16:00 Providing Services Outside of the OR

18:00 Private Practice vs. Hospital Employed

21:00 Role as a Recruiter

24:00 Figuring Out What You Want in Your Career

28:00 Types of Applicants

30:00 When Should Applicants Reach Out

32:00 Interview Process at RIH

In this pocket-sized episode, Rachel and I talk about the new advisory that US Surgeon General, Dr. Vivek Murthy, released today about the harmful effects of social media on the mental health of youth. We discuss our own engagement with social media, how we’ve seen it affect celebrities to normal everyday high schoolers, and highlight Dr. Murthy’s recommendations for how we can maximize our benefits from social media and minimize the harm that it can cause children.

In this second part of Saving for Retirement, I talk with financial advisor, Tracy Cahill, about what retirement investment options there are for when you become an attending and see a sharp increase in your income. Your ability to invest in a Roth IRA is limited by your total household income, so when you exceed that limit it helps to know what other options are available to you. Listen along as we talk about backdoor Roths, College Funds, and when you can (should) finally touch those retirement savings.

03:00 Backdoor Roth IRA

06:30 Retirement Plans from Various Employeers

08:30 Saving for College Plans (529 Plans)

12:00 Personal Investing Advice

18:00 Pitfalls with Personap Investing

20:00 When to Reach Out for Professional Advice

22:00 When Can I Touch My Retirement Accounts?

24:30 Top 5 Takeaways for Retirement Savings

It's graduation szn and Rachel is done with nursing school! Listen to this pocket-sized episode where we talk about her graduation weekend, what ceremonies go into completing nursing school, and how Florence Nightingale was a pioneer for the field of nursing.

This episode if the first part of a two-part series where I speak with financial advisor and friend, Tracy Cahill about the importance of saving for retirement and where to get started. Listen along as he defines different savings account options, how much you should consider setting aside, and recommended resources to learn more about financial planning!

01:30 Tracy's personal story

04:00 Steps When Starting a New Job

05:00 IRA vs 401k/403b

08:30 Get Started As Soon As You Can

11:00 Picking Which Retirement Plans to Use

12:30 How Much $ Should You Set Aside

14:30 Recommended Resources

*Books that were mentioned*

"The Psychology of Money" by Morgan Housel

"The Power of Zero" by David McKnight

In this episode of Behind the Drapes, I talk with decorated real estate agent Kara Pierce about how to approach the real estate market throughout the different phases of our medical careers. She is a wealth of information and provides valuable insight from the perspective of an expert in the field. Listen along as we discuss renting vs buying in residency, what the current state of the housing market is, and how to create a real estate portfolio to increase your wealth over time.

04:15 Renting vs Buying

12:45 Estimating Housing Prices

19:45 Seller’s/Buyer’s Costs

23:30 Physician Mortgage Loans

31:30 Kara’s Personal Real Estate Journey

33:00 Creating a Real Estate Portfolio

37:00 Property Management

43:00 Closing Remarks

In this pocket-sized episode, we speak with OBGYN senior resident, Dr. Jenn Imbriale, about what her job has been like during a time where we have seen the federal government create, implement, and change laws that have heavily impacted women’s healthcare experience. Listen along as she dives into some background knowledge about the laws over the past decade, how she’s had to adapt to these laws at work, and what her role is when it comes to advocating for and protecting her patients.

In the second episode of the second season, we talk with Dr. Andrew Winegarner, one of my co-residents, who I believe is financially insightful and savvy and offers the listeners some pieces of advice from his own personal financial experiences. Listen along as we talk about how he went through three used cars in the summer leading up to residency, what he budgeted for when taking out loans for medical school, how his budgeting shifted once he graduated, and how him and his wife organize their finances.

01:30 This car is on fire

08:30 Saving up for an emergency fund

10:40 Taking out loans with a budget

11:50 Budget living expenses

12:50 Prioritizing Costs in Medical School

15:15 Budgeting as a Resident

16:20 Apps for Tracking a Budget

18:50 Joint vs Split Bank Accounts