Financial Residency

Ryan is extremely excited to talk with his guest, Mike Michalowicz, the entrepreneur, speaker, and author of Profit First. These two geek out over why businesses need to stop stealing from their profits and make sure you run your business (and your personal life!) like a well oiled machine. If you're ready to flip your thinking about how to save money, then this episode is for you!

Credit card companies are great at creating perks to entice people to sign up for a new card. While the rewards may be useful, many people actually get into serious credit card debt or miss payments that crush their credit! The debt accrued trying to attain those rewards ends up negating these perks all together. Ryan provides a brief overview on credit card reward programs, and what you need to know to pick the right credit card.

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To some, a credit score is just an illusive number that we have little control over. Credit scores are more than just a number though! They show lenders our financial behaviors and can affect our ability to borrow. Ryan helps break down what your credit score is, why it's so important, and how people improve it.

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It's easy to put your head in the sand and work on just your goals, but Dr. Bo Bogopane wants to talk about why communication helps us see what's happening in our community. As a father of three, Dr. Bogopane believes in starting difficult conversations that help educate ourselves and others. Ryan is always a proponent of inclusivity, and wants to use his platform to promote Dr. Bogopane's message of proactive communication and personal education.

Ryan talks with Kelly Ross, a teacher for the amazing software You Need A Budget, on starting a budget and how they can be a powerful connection to our emotional and financial health. Being married to a doctor herself, Kelly knows the struggle of making money last from graduation to the first paycheck and beyond. Ryan is a huge proponent of this platform and has even implemented YNAB's teachings into his businesses.

If you need help reviewing your employment contract before you sign, reach out to Resolve at www.doctorpodcastnetwork.com/resolve to get the review process started today.

Ryan speaks with Carter Malloy, CEO of AcreTrader on a different way to invest in real estate, by owning farmland. Ryan's a big fan of the platform, having invested himself into a few farms in the past year, and he is very excited to have Carter come speak to us about the ins and outs of making this investment and why it could be a good investment for diversifying your portfolio. If you are interested in learning more about investing in farmland and how to get started head over to www.financialresidency.com/investing-in-farmland

It's important to understand the difference between asset location strategy and asset allocation strategy. Coming up with a good asset location strategy starts with understanding how different asset classes are taxed. Ryan nerds out a bit here, so be warned that you're likely to learn quite a bit you didn't know when it comes to investing and how taxes play an important role in your investment strategy.

If you have a question that hasn't been answered and you want to hear Ryan's take, here is your chance to ask him. Go to www.financialresidency.com/question and Ryan will answer what's keeping you up at night (or just what's on your mind).