Finance for Physicians

Taxes! Nobody likes doing them, but it's a necessary evil.

The good news? There are ways to minimize them. In fact, there are quite a few!

We wanted to end this year's season of the Finance For Physicians podcast with a bang.

That's why Daniel Wrenne, Founder of Wrenne Financial, covered tax minimization strategies for this show.

If you're interested in learning how to:

- How to legally minimize your taxes.
- What methods of charitable giving help both the greater good - and your tax benefits.
- Why it's important to organize your taxes properly.

Then this is the episode for you!

 Links:

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Finance for Physicians 

Competent handling of finances is not easy, especially for doctors working 24/7 on the clock.

But the truth is that we all have to get good at it. Whether because we have a debt to pay, a family to feed, or to survive the incoming recessions.

Our guest today, Dr. Caroline Clerisme specializes in just that with her company Doctors Out Of Debt - helping doctors take a hold of their existing debt and live financially stable lives.

But that's not all. Caroline is also the author of "Lily and the Talking Piggybank" a children's book about money.

According to her, we shouldn't leave the children out of the picture when talking about finances and educate them on the matter as early as possible.

On today's episode, we'll cover:

- How "Lily and the Talking Piggybank" was created.

- How to instill positive finance habits in your children.

- How to help them NOT repeat your mistakes.

- And much more content that we don't want to spoil you!

 Links:

Doctors Out Of Debt

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Finance for Physicians

In previous episodes, we established the importance of providing your kids good financial education as early as possible.

In this episode, we'll talk about how to make it as enjoyable as possible for your children!

Our guest today is Will Rainey.

Will's story is remarkable because it ties back right into the topic of today's show - he went from working in the big corporate world, advising billion-dollar companies to kickstart Blue Tree, a reputable financial blog teaching parents how to pass on financial knowledge to their kids.

Will is also the author of Grandpa's Fortune Fables, a best-selling book dedicated to teaching children the wisdom of markets through interactive fables.

Links:

Blue Tree

Grandpa's Fortune Fables

Rich Dad Poor Dad by Robert Kiyosaki 

The Psychology of Money by Morgan Housel 

The Richest Man In Babylon by George S. Clason 

The 4-Hour Workweek by Tim Ferriss 

Using finances as a tool to live a more fulfilling and balanced life as a physician IS possible.

Today's episode of Finance for Physicians tackles the next level of owning your finances: Passing down good financial education to the next generation - your kids.

The guest that'll help us guide you through this important and intimidating objective is David Delisle.

David is a born and bred entrepreneur, having made his first real estate investment at the ripe old age of 11(!!) He's also the author of "The Golden Quest", an interactive book that helps kids enjoyably learn about finances. (Some have called it "Rich Dad: meets "Calvin and Hobbs"!)

The topics we're going to cover include:

- How to get kids interested in finance in the first place.
- When to start implementing these practices.
- How to make the learning process, for you and your kids, easier.

Tune in to this episode to explore how finances can be used to enrich the future of our children- and how we can get them interested in finance from the very beginning.

Links:

David Delisle's Website

The Golden Quest: Your Journey to a Rich Life

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Finance for Physicians

Today's episode is a tough one. We will tackle two of the most important topics in a person's life: Money and parenting.

In this episode of "Finance for Physicians", Daniel Wrenne interviews Dr. Adam Broussard and Dr. David Weisenhorn, to dive deeper into the family and money matters that physicians often deal with.

Dr. Adam is a practicing pediatric anesthesiologist, husband, father, certified life coach, and host of Dads Before Doctors, a podcast for physicians and other high-achieving fathers.

Dr. David is a returning guest on our show and a good friend of our co-hosts. He's been working hard in the field of parenting research at the University Of Kentucky. He has a background in clinical mental health counseling - working with families over some of the most challenging problems in their lives.

Topics of discussion include:

- How money and parenting creatively can help enhance your work as a physician and family life
- Why it is important to discuss money with your kids
- What to look for when beginning the process of improving your finances as a physician

Today's episode will be incredible; you won't want to miss it!

Links:

Die With Zero: Getting All You Can from Your Money and Your Life 

Mindset: The New Psychology of Success 

The Family Board Meeting: You Have 18 Summers to Create Lasting Connection with Your Children 

Find Adam:

www.Adambroussardmd.com

www.Dadsbeforedoctors.com

About David:

https://hes.ca.uky.edu/person/david-weisenhorn

Mentioned:

https://frontrowdads.com/

https://www.gobundance.com/

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Finance for Physicians

Money: The root of all evil, or at least most misfortune. 

It can be easy to fall into this victimhood mindset and assume wealth is bad.

But our guest begs to differ. 

Jordan Grumet, MD is an ex-internal medicine physician turned podcaster and speaker who made it his mission to create as many purposeful, financially wealthy, and fulfilled medical professionals as possible.

On this LIVE episode of Finance For Physicians, Daniel Wrenne and Jordan Grumet talked about:

 - Jordan's new book "Taking Stock," how to build wealth and live a regret-free life

- Why there are unique financial challenges for physicians.

- How to avoid getting caught up in the pursuit of more money and instead use money as a tool to live regret-free lives.

- When to make time to ask the tough questions regarding finance.

- And more.

Ready to up your finance game as a medical professional? Listen today! 

Links:

Jordan's Website

Earn & Invest Podcast

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Finance for Physicians

If you're a medical professional that is struggling financially or trying to pay off student debt, this episode of "Finance for Physicians" is for you!

Our guest is Dr. Disha Spath: A first-generation immigrant success story, Disha found herself alongside her husband in a precarious financial situation with a huge debt to pay out after medical school.

After living on the fence for a while, Disha and her husband finally managed to pay out the $750,000+ debt that was piled up and then went on to create a financial platform to help other physicians escape their situation

Her secret? A shift in the mindset - Conscious Frugality.

Now, we know what you're thinking: Nobody likes frugality.

It's a tricky muscle to exercise and can often be hard to execute as a doctor. After all, you didn't go to medical school for years to live off ramen and Dollar Tree specials.

We, alongside Dr. Disha, are here to say that this type of frugality mindset is not true!

Frugality is a key financial budgeting skill that, if used correctly, is not about depriving yourself, but about making smarter financial decisions.

Our host, Daniel Wrenne, and Dr. Disha talk us through the following:

- How to pay off medical student loan debt.

- When to get that dream house.

- Why you can still have a comfortable life and save money.

- Tips for raising a family on a budget

Ready to learn more?

Click play and let's take that uncomfortable topic, called finance, under comfortable control!

Dr. Disha Spath's Practice

WCI Ambassador

The Frugal Physician

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Finance for Physicians

If you're in medicine, chances are you have experienced toxic work environments.

Toxic work environments are a big problem in any industry, but it's even worse in medicine.

Very often, it's the work culture, not the work itself that burns you out. Or at least that was the case with Dr. Lara Hochman.

Lara is a family physician who found herself burnt out and out of a job after a stint at an unhealthy work environment but managed to pull herself by her bootstraps and build a business around helping physicians ESCAPE that same environment.

We don't want to exaggerate, but how badass is that?

On today's show, we're going to cover:

- How Lara built her business.

- The solution to toxic work culture in medicine.

- What unhealthy and healthy environments look like.

Ready to learn something new? Think you might be in a toxic environment? Tune in for our interview with Dr. Lara and let's figure it out together!

Happy Day Health Website

Dr. Lara Hochman's FB

Dr. Lara Hochman's LinkedIn

Dr. Lara Hochman's YouTube

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Finance for Physicians

When people talk about marriage and finances, they tend to only focus on the positive and optimistic side of the conversation.

However, we have found that studying the potential pitfalls can be just as valuable as narrowing down and focusing on the positive side effects of sharing finances with your significant other.

On today's episode of the "Finance For Physicians" podcast, Daniel is joined by his wife Alison Wrenne to chat more about:

- What the ups and downs of financial management are as a family
- How to work better as a team when it comes to communicating financial decisions/struggles
- Why discussing finances can often cause significant hardship and heartache to many loving couples

We're so excited to present to you this episode and explore the important topic of family finances!

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Finance for Physicians

As physicians, it's easy to feel like there are too many people to help with not enough time. On top of that, most physicians have other responsibilities at home, plus passions they pursue to fill their own buckets.

But just because you're extremely busy, doesn't mean you need to sacrifice your joy or risk burning out.

That's why we're bringing on a physician with multiple businesses and hobbies that is an expert in avoiding burnout, Dr. Diana Londoño.

Dr. Londoño is a female urologist, a speaker, a certified life coach, a writer, and a podcaster. On top of all that, she runs a successful business that helps physicians deal with two of their biggest risks: burnout and stress overload.

In this episode of the Finance For Physicians Podcast, with guest Dr. Diana Londoño, we're going to cover:

- What inspired Dr. Londoño to become passionate about physician burnout, and the journey that made her an expert.

- How to deal with information overload and burnout in a way few of us in the industry are aware of.

- Why your mindset affects burnout, and how underestimating its importance leads to underperformance in day-to-day life.

This will be a fascinating conversation between Daniel Wrenne and Dr. Diana Londoño full of practical tips to help you get the most out of your career, enjoy your time off, and be happier at home.

Don't miss a chance to get personal advice unique to your situation. 

Dr. Londoño's Website

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Finance for Physicians