Dr. Disha brings her family together to discuss the year 2023. They recount their travels to India, visiting the Taj Mahal, and attending an elaborate Indian wedding. The family also talks about their trip to Spain, experiencing a flamenco show, and enjoying local cuisine.

Financial planning for these trips is a key topic, highlighting the use of a travel fund and managing expenses without straining finances. The family emphasizes the educational and bonding aspects of their travels. The episode concludes with a reflection on global issues and a message of gratitude and hope.

00:00:00 - Introduction and Family Introduction

00:00:41 - Family's Adventures in India

00:01:57 - Celebrating Liam's Birthday at the Taj Mahal

00:02:46 - Language Barriers and Play

00:03:09 - Josh's Favorite Part of India Trip

00:03:24 - Indian Wedding Food Experience

00:04:14 - Jet Lag and Late Nights

00:04:20 - Encountering a Camel in Agra

00:05:49 - San Diego Trip and Belmont Park Experience

00:07:10 - Disney World Adventures

00:08:31 - Recalling COVID-19 Experience

00:09:26 - Enjoying H2O Park and Gondola Rides

00:10:25 - Star Wars Experience at Disney World

00:11:01 - Tennis Camp at USTA Training Facility

00:12:41 - Flamenco Show in Spain

00:13:30 - Eating Paella and Empanadas in Valencia

00:14:21 - Budgeting for Travel

00:16:06 - The Importance of Travel for Family

00:16:36 - Visiting Altea, Spain

00:17:34 - Staying in an Apartment in Valencia

00:18:07 - Driving Abroad for Better Experience

00:20:19 - Favorite Moments of the Year

00:22:07 - Christmas Day and Gifts

00:23:42 - Acknowledging Global Conflicts

00:24:58 - Closing Remarks and Upcoming Podcast Content

This episode is sponsored by

PearsonRavitz– helping physicians safeguard their most valuable assets.

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

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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.

Dr. Disha shares her recent family trip to Spain and provides valuable financial tips for the holiday season. She discusses the balance of enjoying guilt-free travel while being financially prudent, tips for booking travel economically, and the importance of smart spending in different countries.

Additionally, Dr. Disha delves into end-of-year financial tasks, including maximizing retirement account contributions, Backdoor Roth IRA, HSA contributions, and effective use of credit card benefits. She emphasizes the importance of tax loss harvesting, rebalancing portfolios, and reassessing insurance needs, all while sharing her personal experiences and strategies for maintaining financial freedom.

Looking for something specific? Here you go:

00:14:15. Year-end financial tasks and planning

This episode is sponsored by

PearsonRavitz– helping physicians safeguard their most valuable assets.

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

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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.

Understanding the Chase 524 rule is crucial for anyone who wants to maximize their rewards and benefits from credit cards. The Chase 524 rule, also known as the most important yet unofficial and unpublished rule in the world of points earning credit cards, can significantly impact your ability to obtain valuable rewards cards on the market.

In this episode of Point Me to First Class called, "Understanding the Chase 524 rule," the host, Dr. Devon Gimble, emphasizes the importance of this topic. She acknowledges that while it may be considered boring, it is essential knowledge for those serious about earning points. Devon invites Dr. Disha joined her show to help deconstruct the Chase 524 rule.

Point Me to First Class is a podcast specially designed for employed professionals, entrepreneurs, and business owners. Hosted by Devin Gimbel, it's a treasure trove of information on leveraging expenses to travel luxuriously. The show focuses on optimizing credit card points and miles, turning everyday spending into opportunities for extravagant travel. Whether it's deciphering credit card rules or exploring new strategies for points accumulation, "Point Me to First Class" is the ultimate guide for those aspiring to travel more, better, and often.

00:01:30 Understanding the Chase 524 rule.

00:05:15 Understanding the Chase 524 rule.

00:10:56 Chase points are valuable and flexible.

00:15:10 Chase 524 rule restricts credit card approvals.

00:20:10 Understanding the 5/24 rule for credit card applications.

00:28:17 Authorized user accounts count towards 524.

00:30:40 Consider Chase 524 rule carefully.

00:36:02 Prioritize Chase business cards first.

00:41:12 Keep credit card accounts open.

00:45:39 Understanding Chase Freedom card options.

00:50:32 Different approaches to tracking credit.

This episode is sponsored by

PearsonRavitz– helping physicians safeguard their most valuable assets.

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

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YouTube (Coming Soon!)

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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.

Dr. Disha introduces Tyler Olson, a financial advisor from Olson Consulting, LLC, specializing in helping medical professionals with their financial planning. Tyler discusses his background, the influence of his father's career, and his decision to focus on medical professionals' financial needs. He addresses the unique financial challenges faced by early career physicians, such as managing student debt, investment strategies, and the importance of early financial planning. Tyler also provides insights into the psychological aspects of financial decision-making and offers practical advice for financial literacy and management.

Tyler Olson, founder of Olson Consulting, LLC, is a financial advisor dedicated to aiding medical professionals in navigating their unique financial landscapes. With a background heavily influenced by his father, also a financial planner, Tyler learned the intricacies of financial management from a young age. Initially a generalist in financial planning, he later shifted his focus to specifically cater to the needs of physicians, driven by a desire to bridge the gap between medical education and financial literacy. His firm offers personalized advice, focusing on individual situations and problems, particularly in investment management, student debt, and retirement planning.

Find Tyler on his website: https://www.olsonconsultingmi.com/

[00:04:00] Fee structure and services provided by Tyler Olson

[00:05:00] Tyler's approach to financial advising and education

[00:06:00] The impact of Tyler's father on his career choice

[00:07:00] Financial decisions affecting quality of life

[00:08:00] Case studies and examples in financial advising

[00:09:00] Balancing financial priorities for medical professionals

[00:10:00] Advice for early attending physicians on financial management

[00:11:00] The importance of investing and retirement planning

[00:12:00] Addressing student debt alongside investing

[00:15:00] Discussion on Backdoor Roth and financial prioritization

[00:16:00] The impact of tax brackets on retirement planning

[00:17:00] Balancing major financial decisions and life changes[00:18:00] Perspectives on physician mortgages and loans

[00:19:00] Risks and considerations of zero-down mortgages

[00:20:00] The influence of past financial crises on current advice

[00:21:00] Real-life scenarios and decisions in home buying

[00:22:00] Sticking to financial plans during uncertain times

[00:23:00] The challenge of predicting financial markets

[00:24:00] Financial literacy for medical students and trainees

[00:25:00] Free financial education resources offered by Tyler Olson

[00:26:00] Recommended financial books and expert resource

[00:27:00] Tips for enhancing quality of life through financial decisions

[00:28:00] The value of writing down financial goals and plans

[00:29:00] The role of money as a tool for achieving life goals

[00:30:00] Conclusion and future plans of Tyler Olson

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

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

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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.

Grant Sabatier's story begins in a financially stressed household, where money was a constant source of worry. Despite excelling academically and attending a prestigious university, his early twenties were marked by job uncertainties and a lack of clear direction, culminating in a sobering moment: moving back to his parents' house with a mere $2.26 in his bank account.

This low point, however, was also a turning point for Grant. A family picnic sparked a profound realization about the traditional path to retirement and its limitations. This epiphany led him to reevaluate his relationship with money, viewing it not just as a means of survival but as a form of energy that could be harnessed and grown.

Grant Sabatier is an accomplished author, entrepreneur, and financial independence expert. As the author of "Financial Freedom" and the creator of the Financial Freedom course, he's known for his profound understanding of wealth-building and personal finance management. Grant is a celebrated figure in the finance world, having been featured in major publications and media outlets. His journey from financial instability to becoming a millionaire by age 30 demonstrates his expertise in money management, digital marketing, and entrepreneurship. He is a sought-after speaker and a mentor for those seeking financial independence.

00:03:56 Money is a form of energy.

00:04:22 Trading time for money limits.

The timestamp for the statement "Choose opportunity over passion" is 00:10:05. Choose opportunity over passion.

00:14:23 Pursue passion and financial independence.

00:19:30 Leverage your value as an employee.

00:23:53 Build relationships for career growth.

00:28:33 Take control of your finances.

00:33:11 Spend more time with money.

00:37:27 Entrepreneurship is a choose-your-own-adventure journey.

This episode is sponsored by PearsonRavitz– helping physicians safeguard their most valuable assets. Sign up for our upcoming webinar on December 11th! Go here.

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

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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.

Dr. Disha discusses the valuable insights from Christine Benz of Morningstar, particularly focusing on Morningstar's State of Retirement in 2023 report. The report provides forward-looking guidance on retirement income, utilizing Monte Carlo simulations to predict various outcomes. It explores safe withdrawal rates, flexible withdrawal strategies, and the concept of a TIPS ladder for guaranteed income. Additionally, the episode touches upon the importance of bonds and provides information on different types of bonds, including Treasury Inflation Protected Securities (TIPS).

What is the Safe Retirement Spending Rate in 2023 and 6 Retirement Spending Strategies: Visit this link for a free download of Morningstar's latest retirement spending report.

Open Social Security Tool by Mike Piper: Access the tool at Open Social Security.

00:02:43 Flexible strategies for retirement income.

00:06:11 Tips ladder for guaranteed income.

00:11:31 Invest in EE bonds for retirement.

Sponsored by Eckard Enterprises– a family-owned and operated alternative investment and asset management firm, specializing in mineral rights.

Also sponsored by PearsonRavitz– helping physicians safeguard their most valuable assets. Sign up for our upcoming webinar on December 11th! Go here.

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

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YouTube (Coming Soon!)

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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.

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

Retirement marks a significant shift from accumulation to spending. This transition can be daunting, especially in an unpredictable financial landscape. Christine Benz, Director of Personal Finance and Retirement Planning at Morningstar, provides invaluable insights on this subject, as discussed in this latest episode.

Christine covers the challenges retirees face in transitioning from saving to spending, exploring the conventional 4% withdrawal rate, as well as research suggests a flexible approach to retirement spending, accommodating various market conditions and personal circumstances. The discussion also addresses dynamic spending, the impact of asset allocation, and the role of treasury inflation-protected securities in retirement planning.

Christine advocates for lifetime giving as part of a fulfilling retirement strategy and stresses the importance of informed decision-making in managing retirement funds, including Social Security benefits.

Tune in to gain valuable insights and strategies for a financially secure and fulfilling retirement!

Christine Benz is director of personal finance and retirement planning for Morningstar and senior columnist for Morningstar.com. In that role, she focuses on retirement and portfolio planning for individual investors. She also co-hosts a podcast for Morningstar, The Long View, which features in-depth interviews with thought leaders in investing and personal finance. She is a frequent public speaker and is widely quoted in the media, including The New York Times, The Wall Street Journal, Barron's, CNBC, and PBS. In 2020, Barron's named her to its inaugural list of the 100 most influential women in finance; she appeared on the 2021 list as well. In 2021, Barron's named her as one of the 10 most influential women in wealth management.

Benz is author of 30-Minute Money Solutions: A Step-by-Step Guide to Managing Your Finances (Wiley, 2010). She is also co-author of Morningstar® Guide to Mutual Funds: 5-Star Strategies for Success, a national bestseller published in 2003, and author of the book's second edition, which was published in 2005. Before assuming her current role in 2008, she served as Morningstar's director of mutual fund analysis and was editor of Morningstar Mutual Funds and Morningstar FundInvestor.

Benz holds a bachelor's degree in political science and Russian/East European studies from the University of Illinois at Urbana-Champaign. She is president of the board for the John C. Bogle Center for Financial Literacy. Benz is also a member of The Alpha Group, a group of thought leaders from the wealth management industry from across the country. In her free time, she works with underprivileged women to improve their understanding of personal finance concepts.

What is the Safe Retirement Spending Rate in 2023 and 6 Retirement Spending Strategies: Visit this link for a free download of Morningstar's latest retirement spending report.

The Long View Podcast: Visit The Longview Podcast "to expand your investing horizons and look to the long term. Join hosts Christine Benz and Jeff Ptak as they talk to influential leaders in investing, advice, and personal finance about a wide-range of topics, such as asset allocation and balancing risk and return."

Open Social Security Tool by Mike Piper: Access the tool at Open Social Security.

Looking for something specific? Here you go:

00:04:13 Morningstar provides transparency in finance.

00:08:22. Safe withdrawal rates vary based on market conditions.

00:10:36 Forward-looking research on safe withdrawal rates.

00:17:58 Importance of lifetime giving.

00:24:19. Delay Social Security for higher benefits.

00:27:10 Flexibility in retirement spending.

00:32:33 Plan for retirement spending.

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

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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.

Produced in partnership with…

Eckard Enterprises – Learn how to build and protect your wealth through an alternative investment in minerals.

***This show is produced in partnership with Eckard Enterprises, highlighting their expertise in alternative investments and tangible assets. The content presented is part of a paid collaboration designed to educate and inform our audience about financial opportunities within the realm of mineral rights investing. The views and opinions expressed are provided for informational purposes only and do not constitute financial advice.

Troy W. Eckard, CEO of Eckard Enterprises, outlines the company's focus on alternative investments, especially in mineral rights. With a track record of substantial investor engagement and over $700 million in capital invested, Eckard emphasizes the advantage of immediate cash flow opportunities, the importance of their AML approach, and the strategic acquisition of assets. He further explains the nuances of mineral rights investing, the industry dynamics, and the role of technology in maximizing investment returns. Additionally, Eckard discusses the economic and environmental aspects of the energy sector and provides valuable advice on tax strategies for investors.

Learn more about Troy Eckard:

Troy W. Eckard is the dynamic CEO and driving force behind Eckard Enterprises, a leading firm in alternative investments and asset management with a strong focus on mineral rights and tangible assets. With more than 37 years of industry experience, Troy has established himself as a vanguard in empowering private investors to achieve financial freedom and build wealth through strategic investment opportunities.

Troy's journey began in 1985 when he was hired by a small investment firm in Dallas during his college years. His innate understanding of economics and finance, combined with a pioneering spirit, led him to establish his own investment firm in 1991, which he grew successfully over 22 years. His deep integration into the oil and gas space has been marked by expertise in drilling, exploration, seismic acquisitions, and pipeline management.

Troy's passion for the industry is as much about fostering successful investment portfolios as it is about cultivating lasting relationships with his partners, whom he treats with the utmost respect and consideration. His open-door policy, including sharing his personal contact information, reflects his dedication to accessibility and partner support.

For those seeking guidance on navigating the ever-evolving landscape of alternative investments, Troy W. Eckard stands as a beacon of knowledge, experience, and success. His work with Eckard Enterprises continues to offer a gateway to tangible assets, promising a future of stability and prosperity for investors ready to embark on a journey toward financial security.

Find and connect with Troy and his company at www.eckardenterprises.com

Looking for something specific? Here you go:

0:00 - Introduction to Eckard Enterprises and their expertise in alternative investments.

1:01 - Introduction of Troy W. Eckard and his background.

1:39 - Eckard's response and the state of the day.

1:41 - Discussion on the nature of mineral rights investing.

1:58 - Eckard's journey in the energy industry.

3:03 - Explanation of mineral rights and their acquisition.

3:12 - The division of land rights into air, surface, and mineral.

4:34 - How owning land includes mineral rights and their potential.

6:11 - Eckard Enterprises' approach to investing in mineral rights.

8:19 - Addressing investor hurdles in the oil and gas sector.

10:51 - Eckard's investment locations and strategy.

13:14 - Minimum investment requirements and structure.

15:41 - Addressing the impact of oil price volatility.

17:36 - The future of oil and gas in the face of green energy trends.

20:07 - The economics of green and fossil fuels.

22:58 - The company's revenue model and investor benefits.

26:13 - Tax implications for investors receiving royalty checks.

28:18 - Investment through retirement accounts.

29:52 - The possibility and process of liquidating investments.

32:55 - Handling of investor assets upon death.

35:53 - How to contact Troy W. Eckard.

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

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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.

Dr. Jimmy Turner's entrepreneurial journey began when he started his own business called The Physician Philosopher. He initially started as a solopreneur, figuring things out on his own and learning along the way. He had to navigate the process of setting up an LLC, getting an employer identification number, and opening a bank account. Despite the challenges, he believed that there was nothing he couldn't learn if he put his mind to it.

In the first couple of years, Dr. Turner didn't pay himself a substantial amount from his business. In fact, he didn't pay himself at all for the first 18 to 20 months. He was working 60 hours a week as an anesthesiologist and putting an additional 20 to 25 hours into his business. He was working more after residency than he did during residency.

Dr. Turner's business initially started as a blog where he wrote three posts a week and sought out sponsors. Over time, it grew into something more. He wrote a couple of books, started a podcast, and even launched a coaching program. His focus was on helping physicians use financial independence to combat burnout and achieve financial wellness.

In February, Dr. Turner took a new step in his entrepreneurial journey by joining a venture capital-backed startup called Attend as a chief medical officer and co-founder. This marked a transition from running his own business to being a part of a larger organization. The growth and success he experienced in his own business led him to this new opportunity.

Learn more about Dr. Jimmy Turner:

Dr. Jimmy Turner is a practicing anesthesiologist, entrepreneur, and life coach for doctors. He is the host of the Money Meets Medicine podcast and the author of the book "Determined: How Burned Out Doctors Can Thrive in a Broken Medical System." Dr. Turner started his journey as a blogger, creating The Physician Philosopher, which eventually grew into a successful business offering courses and coaching to help physicians achieve financial wellness.

He recently became the co-founder and Chief Medical Officer of Attend, a venture capital-backed startup that aims to provide comprehensive financial solutions for medical professionals. Dr. Turner's passion for helping doctors navigate burnout and achieve financial independence has made him a respected figure in the personal finance world.

Find and connect with Dr. Turner on his website.

Looking for something specific? Here you go:

• 00:00:27 Transition from blogger to entrepreneur.

• 00:05:13 Transition from blog to business.

• 00:13:39 Separate personal and business decisions.

• 00:15:49 Importance of coaching in entrepreneurship.

• 00:23:53 Building a trusted financial solution.

• 00:29:29 Importance of disability insurance.

• 00:33:03 Navigating disability insurance is crucial.

• 00:37:36 Importance of listening to children.

This episode is brought to you by…

PearsonRavitz– helping physicians find the right disability insurance for their individual needs.

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

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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.

Dr. Goins found freedom through travel by embracing her passion for exploring healing approaches outside of conventional medicine and combining it with her love for traveling. Her journey from traditional medical practice to becoming a digital nomad reflects her desire to break free from the constraints of traditional medicine and immerse herself in a nomadic lifestyle.

Dr. Goins initially started her journey to become a doctor at a young age, like many others in the medical field. However, she also had a strong passion for traveling, which she picked up as a teenager through books. Although she couldn't afford to travel at the time, she traveled extensively in her imagination through the stories she read.

As she pursued medicine and prepared for medical school, Dr. Goins faced conflict within herself. She felt that medicine required all of her time, energy, and resources, leaving little room for her other passion for traveling. She even expressed her concerns to her mother, worried that she wouldn't have the opportunity to live the life she had envisioned for herself.

This is a lovely conversation. We hope you enjoy.

Learn more about Dr. Kristine Goins:

Dr. Christine Goins is an integrative adult, child, and adolescent psychiatrist, as well as a physician coach. She founded NomadMD to empower fellow physicians to break free from traditional medical constraints and live a nomadic lifestyle. Dr. Goins is passionate about essentialism, travel, and exploring different cultures. Her unique journey from traditional medicine to a nomadic lifestyle reflects her commitment to time and financial freedom.

Find and connect with Dr. Goins on her website.

Looking for something specific? Here you go

00:00:55 Finding financial freedom through travel.

00:05:57 Time is a precious commodity.

00:11:43 Geo-arbitrage can enhance quality of life.

00:18:03 Maximize credit card points for travel.

00:22:22 Starting a nonprofit for travel. 00:31:03 Follow your travel dreams.

This episode is brought to you by…

PearsonRavitz– helping physicians find the right disability insurance for their individual needs.

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

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Facebook

The Frugal Physicians Facebook Group

YouTube (Coming Soon!)

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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.