Finding Financial Freedom with The Frugal Physician - Finance, Wellness, Budget, Student Loans, Wealth, Doctor, Fitness, Money

Ep51: The Truth About Non-Compete Clauses Doctors Must Know


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Kyle, the CEO of Resolve and an ace at helping doctors dodge dreadful deals, joins Dr. Disha Spath to dissect the daunting world of employment contracts. Ever wondered if your contract is a ticking time bomb? Kyle's here to cut through the jargon and unveil how those sneaky clauses might be nibbling away at your paycheck.

From revealing the common "gotchas" in contracts to negotiating ninja moves that can boost your bargaining power, we're digging deep. Kyle even dishes on the juicy details of the recent FTC rumblings about non-competes and what that means for your career mobility. Whether you're in the market for your first gig or looking to leap into a better contract, you won't want to miss these insider insights. Let's tear up the terrible contracts and write our own rules!

More on Kyle Claussen:

Kyle Claussen is the CEO of Resolve, a company dedicated to helping physicians navigate and negotiate employment contracts. With over a decade of experience, Kyle and his team provide essential services to ensure that physicians understand their contracts, secure fair terms, and protect themselves from potential pitfalls. Kyle is also a family man, married to an ophthalmologist, and a father to three children.

Find and follow the Resolve Team:

https://twitter.com/ResolveAgents

https://www.facebook.com/resolvephysicianagency/

https://www.linkedin.com/company/resolve-physician-agency/

https://www.instagram.com/resolveteam/

HIGHLIGHTS
  • Understanding Contracts: Many physicians do not read their contracts thoroughly, which can lead to unfavorable terms.

  • Negotiation Is Key: Negotiating contract terms can significantly impact a physician's career trajectory and financial health.

  • Non-Compete Clauses: Recent FTC rulings may change the landscape of non-compete clauses, offering physicians more flexibility.

  • Malpractice Insurance: Understanding the difference between claims-made and occurrence-based policies is crucial for proper coverage.

  • Empowerment Through Knowledge: Physicians should empower themselves with knowledge and negotiate contracts that reflect their true value.

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👋 This episode is sponsored by PearsonRavitz – helping physicians safeguard their most valuable assets.

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👋 Also sponsored by Equity Multiple - EquityMultiple brings you streamlined access to transformative real estate, starting with just $5k. Get started at equitymultiple.com.

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If you enjoyed the show, find and follow Dr. Disha everywhere else:

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Website

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The Frugal Physician's Facebook Group

YouTube

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Please note: The content shared on the podcast is for informational purposes only and should not be considered individualized financial advice. It is essential to consult with professionals such as accountants, financial advisors, or attorneys to receive personalized guidance based on your specific needs.

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Finding Financial Freedom with The Frugal Physician - Finance, Wellness, Budget, Student Loans, Wealth, Doctor, Fitness, MoneyBy Dr. Disha Spath, MD, FACP

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