Today on the Finance Flash Go! podcast, it’s all about 529 plans and saving for your kids’ colleges.

529 plans, also known as qualified tuition plans, allows for individuals to save money for qualified educational costs with tax advantages.

Which ones? How? How much should you be saving in these accounts?

We will cover it all in this episode!

Please enjoy the Finance Flash Go podcast! We plan to release a new episode every weekday answering important finance questions. If you ever want to submit a question to our podcast, send an e-mail to [email protected], and please be sure to check out Jordan Frey’s blog prudentplasticsurgeon.com where he gives great financial advice.

A brief disclaimer While we are providing knowledge and awareness around financial topics in this show, we are not held responsible for any financial decisions you choose to make in response to the podcast. We hope to provide accurate information in regards to money and different methods of wealth creation, but it is always the learner’s responsibility to due their due diligence before making important financial decisions.

We hope you enjoy the show and thanks for tuning in, and if you like the podcast please subscribe, share, and leave us a review on the podcasting platform of your choice!

Today on the Finance Flash Go! podcast, we’re going to cover expense ratios in stock investing.

Put simply, an expense ratio for a mutual fund refers to the fee that the investor must pay to cover the expenses for operating the mutual fund.

So make sure they are low!

Please enjoy the Finance Flash Go podcast! We plan to release a new episode every weekday answering important finance questions. If you ever want to submit a question to our podcast, send an e-mail to [email protected], and please be sure to check out Jordan Frey’s blog prudentplasticsurgeon.com where he gives great financial advice.

A brief disclaimer While we are providing knowledge and awareness around financial topics in this show, we are not held responsible for any financial decisions you choose to make in response to the podcast. We hope to provide accurate information in regards to money and different methods of wealth creation, but it is always the learner’s responsibility to due their due diligence before making important financial decisions.

We hope you enjoy the show and thanks for tuning in, and if you like the podcast please subscribe, share, and leave us a review on the podcasting platform of your choice!

Today on the Finance Flash Go! podcast, I’ll tell you what you need to know about liabilities.

Let’s get down the basics. Let’s talk about assets and liabilities and how they will determine your wealth and, ultimately, financial freedom.

Liabilities are anything that takes money out of your pocket.

Again, it’s that simple. Listen and I’ll tell you why.

Please enjoy the Finance Flash Go podcast! We plan to release a new episode every weekday answering important finance questions. If you ever want to submit a question to our podcast, send an e-mail to [email protected], and please be sure to check out Jordan Frey’s blog prudentplasticsurgeon.com where he gives great financial advice.

A brief disclaimer While we are providing knowledge and awareness around financial topics in this show, we are not held responsible for any financial decisions you choose to make in response to the podcast. We hope to provide accurate information in regards to money and different methods of wealth creation, but it is always the learner’s responsibility to due their due diligence before making important financial decisions.

We hope you enjoy the show and thanks for tuning in, and if you like the podcast please subscribe, share, and leave us a review on the podcasting platform of your choice!

Today on the Finance Flash Go! podcast, I’ll tell you what you need to know about assets.

Let’s get down the basics. Let’s talk about assets and liabilities and how they will determine your wealth and, ultimately, financial freedom.

Assets are anything that makes you money, it puts money in your pocket.

It’s that simple. Listen and I’ll tell you why.

Please enjoy the Finance Flash Go podcast! We plan to release a new episode every weekday answering important finance questions. If you ever want to submit a question to our podcast, send an e-mail to [email protected], and please be sure to check out Jordan Frey’s blog prudentplasticsurgeon.com where he gives great financial advice.

A brief disclaimer While we are providing knowledge and awareness around financial topics in this show, we are not held responsible for any financial decisions you choose to make in response to the podcast. We hope to provide accurate information in regards to money and different methods of wealth creation, but it is always the learner’s responsibility to due their due diligence before making important financial decisions.

We hope you enjoy the show and thanks for tuning in, and if you like the podcast please subscribe, share, and leave us a review on the podcasting platform of your choice!

Today on the Finance Flash Go! podcast, let’s chat about deep work.

One of the better books that I have read in the past year is Deep Work by Cal Newport. Both my wife, Selenid, and I have read it. And I even gifted it to my brother-in-law, Justin, who still thinks he’s smarter than me. As a concept, “deep work” refers to the ability to concentrate without distraction on a cognitively challenging task. As you can imagine, the advantages of deep work for anyone, let alone a physician, are humongous! So, this post is all about implementing deep work as a physician.

Please enjoy the Finance Flash Go podcast! We plan to release a new episode every weekday answering important finance questions. If you ever want to submit a question to our podcast, send an e-mail to [email protected], and please be sure to check out Jordan Frey’s blog prudentplasticsurgeon.com where he gives great financial advice.

A brief disclaimer While we are providing knowledge and awareness around financial topics in this show, we are not held responsible for any financial decisions you choose to make in response to the podcast. We hope to provide accurate information in regards to money and different methods of wealth creation, but it is always the learner’s responsibility to due their due diligence before making important financial decisions.

We hope you enjoy the show and thanks for tuning in, and if you like the podcast please subscribe, share, and leave us a review on the podcasting platform of your choice!

Today on the Finance Flash Go! podcast, let’s chat about cars for doctors.

Everyone knows about the doctor car. Doctors know about it. Non-doctors know about it. Other than the doctor house, it is the symbol of medicinal consumerism.

But is it smart to get a doctor car? If not, what kind of car? Should you buy or lease a car?

Well, take me as an example as I try to illustrate this.

Before I began my financial education at the end of my fellowship, I was prepared to lease a doctor car. I budgeted $600-700/month for my car’s lease.

But,

Hmm, maybe this $7200-8400/year could be better allocated to increasing my net worth by decreasing my debt instead of buying a depreciating liability?

Oh yeah, that’s the other thing. A car decreases in value the moment you drive off the lot. It’s not an asset. It’s a liability.

And leasing a car, you basically are subsidizing the depreciation of the car for the dealership.

So, my advice to to buy your car outright. If you can’t pay the car off in one year, you can’t afford it!

Please enjoy the Finance Flash Go podcast! We plan to release a new episode every weekday answering important finance questions. If you ever want to submit a question to our podcast, send an e-mail to [email protected], and please be sure to check out Jordan Frey’s blog prudentplasticsurgeon.com where he gives great financial advice.

A brief disclaimer While we are providing knowledge and awareness around financial topics in this show, we are not held responsible for any financial decisions you choose to make in response to the podcast. We hope to provide accurate information in regards to money and different methods of wealth creation, but it is always the learner’s responsibility to due their due diligence before making important financial decisions.

We hope you enjoy the show and thanks for tuning in, and if you like the podcast please subscribe, share, and leave us a review on the podcasting platform of your choice!

Today on the Finance Flash Go! podcast, we are talking about analysis paralysis.

Analysis paralysis can seriously impede our ability to make progress in our lives. Personally. Professionally. Financially. With friends, family, colleagues. The list goes on and on…

It is also super common. I have never asked one person who hasn’t admitted to suffering from analysis paralysis in one form or another.

And it is hard to resist. Evolutionarily, analysis paralysis makes sense. We are a loss adverse species in which losses hurt a lot more than wins give us pleasure. We are hardwired to scrutinize the decisions we make with an emphasis on not making the wrong one.

And that is what the driving force of analysis paralysis is…fear!

How often have you seen someone who is deciding between two good things? It really can be anything.

Maybe it’s something serious like the decision to pay down debt or invest in index funds…both options are great.

The key to overcoming is trusting yourself.

You need to learn to trust yourself. You will know what the right move and decision is. Your heart or gut or soul or whatever you want to call it will be telling you. Meanwhile, your cavewoman brain will still be wrestling to try and protect you.

Like so many things in this world, analysis paralysis is not one of those things that you conquer once and for all.

It’s a constant effort.

But it does get easier. Once your have developed the tools, you become more adept at implementing them when the time arises.

Please enjoy the Finance Flash Go podcast! We plan to release a new episode every weekday answering important finance questions. If you ever want to submit a question to our podcast, send an e-mail to [email protected], and please be sure to check out Jordan Frey’s blog prudentplasticsurgeon.com where he gives great financial advice.

A brief disclaimer While we are providing knowledge and awareness around financial topics in this show, we are not held responsible for any financial decisions you choose to make in response to the podcast. We hope to provide accurate information in regards to money and different methods of wealth creation, but it is always the learner’s responsibility to due their due diligence before making important financial decisions.

We hope you enjoy the show and thanks for tuning in, and if you like the podcast please subscribe, share, and leave us a review on the podcasting platform of your choice!

Today on the Finance Flash Go! podcast, I’ll share how to calculate your net worth.

Net worth is the scorecard of financial well-being, security, and ultimately independence. You want to increase your net worth every day.

To review, net worth is equal to all of your assets added up subtracted by all of your liabilities added up.

In the way of definitions, assets are things that put money in your pocket. A cash-flowing real estate investment property is an asset. A liability is anything that takes money out of your pocket. A brand new luxury car that depreciates 10% when you drive it off the lot is a liability.

Without keeping score, we have no idea how we are doing financially.

Please enjoy the Finance Flash Go podcast! We plan to release a new episode every weekday answering important finance questions. If you ever want to submit a question to our podcast, send an e-mail to [email protected], and please be sure to check out Jordan Frey’s blog prudentplasticsurgeon.com where he gives great financial advice.

A brief disclaimer While we are providing knowledge and awareness around financial topics in this show, we are not held responsible for any financial decisions you choose to make in response to the podcast. We hope to provide accurate information in regards to money and different methods of wealth creation, but it is always the learner’s responsibility to due their due diligence before making important financial decisions.

We hope you enjoy the show and thanks for tuning in, and if you like the podcast please subscribe, share, and leave us a review on the podcasting platform of your choice!

Today on the Finance Flash Go! podcast, let’s chat about capitalizatoion rates.

Capitalization rates, or cap rates, come into play when discussing real estate investing.

Basically, the cap rate is a measure of return that you receive from an investment property.

Mathematically, it is equal to your net operating income (NOI) divided by the price that you bough the propert for. And NOI is equal to your income from the property minus all expenses EXCEPT mortgage principal and interest.

Please enjoy the Finance Flash Go podcast! We plan to release a new episode every weekday answering important finance questions. If you ever want to submit a question to our podcast, send an e-mail to [email protected], and please be sure to check out Jordan Frey’s blog prudentplasticsurgeon.com where he gives great financial advice.

A brief disclaimer While we are providing knowledge and awareness around financial topics in this show, we are not held responsible for any financial decisions you choose to make in response to the podcast. We hope to provide accurate information in regards to money and different methods of wealth creation, but it is always the learner’s responsibility to due their due diligence before making important financial decisions.

We hope you enjoy the show and thanks for tuning in, and if you like the podcast please subscribe, share, and leave us a review on the podcasting platform of your choice!

Today on the Finance Flash Go! podcast, we are talking bear markets.

A bear market is when the value of the opverall stock market drops 20% of more below it’s recent peak values. It is basically the opposite of a bull market.

But bear markets are not uncommon. You will go through them in your investment career.

The key is to understand the correcty philosophy of investing broadly for the long term, not the short term. You do NOT want to sell your stocks in a bear market because you are worried about further drops. This will insure that you are selling low and losing money.

You can help to avoid this by making sure you set your asset allocation to your proper risk tolerance.

Please enjoy the Finance Flash Go podcast! We plan to release a new episode every weekday answering important finance questions. If you ever want to submit a question to our podcast, send an e-mail to [email protected], and please be sure to check out Jordan Frey’s blog prudentplasticsurgeon.com where he gives great financial advice.

A brief disclaimer While we are providing knowledge and awareness around financial topics in this show, we are not held responsible for any financial decisions you choose to make in response to the podcast. We hope to provide accurate information in regards to money and different methods of wealth creation, but it is always the learner’s responsibility to due their due diligence before making important financial decisions.

We hope you enjoy the show and thanks for tuning in, and if you like the podcast please subscribe, share, and leave us a review on the podcasting platform of your choice!