Money Meets Medicine

By Doctor Podcast Network, Jimmy Turner MDBusiness Investing

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Typical duration
38 min
per episode

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Money Meets Medicine episodes

August 12Should I Invest in SpaceX? (Lessons from SpaceX IPO)
SpaceX priced at $135 a share, raised $75 billion, and hit an all-time high of $225 within days — then fell to $107. Dr. Jimmy Turner and Justin Harvey CFP break down how index funds actually decide what gets included in the index, why the S&P 500 said no to SpaceX while CRSP and the Russell 1000 said yes, and what that means for the total stock market index fund in your 401(k).
What you'll learn:
Why an index fund doesn't pick stocks — it follows 3 rules: seasoning, profitability, and float

How Nasdaq, Russell 1000, and CRSP cut IPO seasoning for SpaceX

Why your money in an IPO often funds the private investors cashing out on the other side

What Dimensional's 12-month IPO exclusion says about buying at the offering

How to handle FOMO before Anthropic and OpenAI potentially go public
Resources mentioned:
Looking to lower your taxes? Check out Gelt, the tax team Jimmy uses: https://moneymeetsmedicine.com/CPA

Juno — Looking for a lower interest rate on your student loans? Use group negotiated rates from Juno here: moneymeetsmedicine.com/juno

Every physician needs disability insurance. Get quotes from Money Meets Medicine Disability Insurance: https://moneymeetsmedicine.com/disability

The Physician Philosopher's Guide to Personal Finance — free book for physicians — moneymeetsmedicine.com/freebook

Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.
34 min
August 05Are Doctors Fairly Paid? Inside the 2026 Compensation Data
28% of physicians say they don't earn enough for what their family needs. The lowest-paid specialty still makes $266,000.
Medscape's 2026 physician compensation report surveyed roughly 6,000 doctors across 29+ specialties, and the numbers tell a stranger story than "doctors are underpaid." Average pay rose 3%, barely clearing inflation, and nine specialties were flat or down. Jimmy and Justin unpack what the data says about physician pay, negotiation, and the 40% side-gig statistic.
What you'll learn:
Why primary care averaged $298K and specialists $417K — and which specialties outpaced inflation

What percentage of physicians negotiated their compensation, and how many just took what they were given

Why "we don't negotiate" pay models push high performers out

The paradox: 53% feel personally fairly paid, but 61% say the profession is underpaid

What the 40% side-gig number reveals about autonomy and moral injury
Resources mentioned:
Money Meets Medicine Disability — moneymeetsmedicine.com/disability

Need a new CPA or a better Tax Strategy? Get a 10% discount when working with Gelt, the tax strategy team that Jimmy Turner uses: https://moneymeetsmedicine.com/Gelt

Medscape Physician Compensation Report 2026

Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.
30 min
July 29Red Flags in Private Practice Job Offers
Being able to know the difference between a good and a bad job offer as a physician in private practice involves knowing where the landmines and pitfalls are so that you can avoid them. In this episode, host Dr. Jimmy Turner interviews Michael Johnson, a physician contract attorney at Michael Johnson Legal.

Resources:
Get 10% off working with Gelt, the tax strategy team that Jimmy Turner personally uses: https://moneymeetsmedicine.com/CPA

Every doctor needs own-occupation disability insurance. Get it from a source you can trust: https://moneymeetsmedicine.com/disability

Want a free copy of The Physician Philosopher’s Guide to Personal Finance? Snag your copy here: https://moneymeetsmedicine.com/freebook

What you'll learn:
What "partnership" truly means in a business context

The financial realities of partnership tracks, buy-in costs, and ownership structures

Common pitfalls, including misleading partnership titles, private equity buyout risks, and real estate considerations

Eight essential questions physicians should ask before committing to a partnership

Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.
48 min
July 22Trump Accounts: What You Need to Know
Trump accounts — technically the 530A — went live July 4th, and Justin Harvey opened three for his own kids just to see how they work. These accounts are child-owned, they behave like a traditional IRA, and they come with rules most physicians haven't heard yet.

Tag along with Jimmy Turner and Justin Harvey as they discuss where they actually belong in your savings hierarchy, and who should pass entirely.

Resources:
Get 10% off working with Gelt, the tax strategy team that Jimmy Turner personally uses: https://moneymeetsmedicine.com/CPA

Every doctor needs own-occupation disability insurance. Get it from a source you can trust: https://moneymeetsmedicine.com/disability

Want a free copy of The Physician Philosopher’s Guide to Personal Finance? Snag your copy here: https://moneymeetsmedicine.com/freebook

What you'll learn:
Why the 530A is closer to a traditional IRA than a 529 — and the basis-tracking problem nobody is warning parents about

Where Trump accounts rank against 401(k)s, backdoor Roths, and 529s in a physician savings hierarchy

Who actually gets the free $1,000, and why older kids are treated differently

The Roth conversion play at age 18 — and the risk of handing an 18-year-old a quarter-million-dollar account

Why a kid's Roth IRA may teach better money lessons than any government-funded account

Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.
39 min
July 08Physician Tax Strategy: W2 vs 1099 vs K1
CPA Spencer Carroll joins the show to unpack tax strategy for physicians: why your income type matters more than your income, and where the real savings hide. Whether you're a W-2 employee, a 1099 locums doc, or a K-1 partner, the levers you can pull are wildly different.
What you'll learn:
Which of W-2, 1099, and K-1 is the best—and worst—way to get paid as a physician

When an S corp actually makes sense, and how "reasonable salary" really works

The truth about real estate professional status and the short-term rental loophole, from a CPA who owns rentals himself

The one red flag that means you're probably overpaying: barely talking to your CPA all year
Resources:
Head to moneymeetsmedicine.com/cpa to book a complimentary call with Gelt and get 10% off your first year. Subscribe to Money Meets Medicine wherever you get your podcasts, and leave a rating—it helps other physicians find the show.
Disclaimer: This episode is a part of a paid partnership between Physician Philosopher LLC with Better Technologies Inc. (DBA Gelt), a tech-enhanced tax-strategy company.

Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.
43 min
July 01 Why FIRE Isn't the Goal (FIWO)
Dr. Jimmy Turner cut back to part-time at 35—and ended up on antidepressants. FIRE wasn't the escape hatch he expected.
FIRE—financial independence, retire early—promises an exit from burnout. But what happens when you finally get there and realize you don't know who you are without medicine? Jimmy and Justin make the case for FIWO (financial independence, work optional) instead.
Resources:
Disability Insurance: Every physician needs to get individual disability insurance while in training. Get a quote from Money Meets Medicine Disability Insurance, a company you can actually trust. Built by doctors, for doctors.
Does your CPA only reach out in March each year and show you a giant tax bill? You need tax strategy, not just tax filing. Click here to get a 10% discount code to work with Gelt, the same tax strategy team that Jimmy personally uses.
Every physician needs basic financial literacy. Get a free copy of Dr. Turner's best-selling book, The Physician Philosopher's Guide to Personal Finance.

Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.
25 min
June 24Saving Less Saved My Career (Coast FIRE)
What if your first three years as an attending decide whether you work three days a week in your 40s—or six days into your 60s?
Dr. Jimmy Turner burned out early in his career—antidepressants, 1.3 FTE, the works—before discovering the fix: working less. He and Justin Harvey, CFP, break down Coast FIRE, your Wealth Accumulation Rate, and why the savings decisions you make right out of training set a trajectory you'll feel for decades.
What you'll learn:
Why a ~30% Wealth Accumulation Rate early on can buy you a 3-day clinical week later

How Coast FIRE lets you save less down the road and still reach financial independence on time

The two kinds of autonomy—personal and professional—that really drive physician burnout

A smarter take on "live like a resident" so you can enjoy your income without losing the plot

Resources:
Are you a 1099, locums doc, or private practice partner or business owner? You need a tax strategy team. Get 10% off working with the team I use here (Gelt): https://moneymeetsmedicine.com/CPA
Every doctor needs own-occupation disability insurance. Get it from a source you can trust: https://moneymeetsmedicine.com/disability
Want a free copy of The Physician Philosopher’s Guide to Personal Finance? Snag your copy here: https://moneymeetsmedicine.com/freebook

Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.
23 min
June 17Why Many Doctors Live Paycheck to Paycheck
Physicians earning $400K are living paycheck to paycheck—and an 18th-century psychology trap is why.
Roughly 30% of doctors over 60 don't have $1M in net worth, even counting their home. Justin Harvey and Dr. Jimmy Turner unpack the behavioral-finance forces—the Diderot Effect, lifestyle creep, and leverage—that quietly erode physician wealth, and the simple framework that lets you spend guilt-free while still building real options.

Resources:
Disability Insurance: Every physician needs Disability Insurance from MMM Disability Insurance. Click here to get a Quote from Money Meets Medicine Disability Insurance

Looking for a new CPA? Use the one that Dr. Jimmy Turner personally uses and recommends (Gelt). Click here to get a 10% discount code on services when working with Gelt.

Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.
26 min
June 10Is Loan Forgiveness Worth a $300K Tax Bill?
There are two ways to get your student loans forgiven — and the one nobody talks about could leave you with a six-figure tax bill.
Most physicians know PSLF. Far fewer understand taxable forgiveness — the IDR path that hands you a massive tax bill 20 years down the road. Jimmy and Justin break down a real listener question (anesthesiologist + dentist, $400K in loans at 7%) to show why "married filing separately" math isn't as clean as it looks, and why your repayment plan now hinges on a looming July 2026 deadline.
Resources mentioned:
Looking for a CPA that does more than just file taxes each year? Check out Gelt, the proactive tax strategy partner that Jimmy personally uses, and receive 10% off the first year through the MMM link.

Get $100 off a Student Loan Consult with Student Loan Planner: moneymeetsmedicine.com/loans

Looking to refinance your private student loans? Click here to learn how to find the lowest interest rates out there.

Every physician must get disability insurance before leaving training! Get a disability insurance quote from Money Meets Medicine Disability.

Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.
34 min
June 03New Student Loan Rules: The $100K Mistake
One student loan decision in the next few weeks could cost — or save — a physician six figures.
On May 1, 2026, the Department of Education finalized the 134-page rule rewriting federal student loan repayment. Dr. Jimmy Turner goes solo to break down what changed and the moves that protect six figures.
What you'll learn:
Why the July 1, 2026 cutoff decide whether you keep IBR at all

The consolidation trap that can permanently lock residents out of IBR

The RAP interest subsidy that keeps a $300K balance from ballooning during residency

The RAP-to-IBR playbook for PSLF: which payments count, and when to switch

Married or in a community property state? How filing separately changes the math
Resources:
Every doctor needs their own occupation disability insurance. Get it from a source you can trust: https://moneymeetsmedicine.com/disability

Have private loans? You should refinance those to the interest rate you can find. To do that, check out Juno: https://moneymeetsmedicine.com/JUNO

Looking for a new CPA? Use the one Jimmy uses (Gelt). Get a 10% discount when working with them here: https://moneymeetsmedicine.com/CPA

Looking to save $100 on a student loan consult? Visit moneymeetsmedicine.com/loans

Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.
35 min

About Money Meets Medicine

From the publisher's feed

On Money Meets Medicine, Dr. Jimmy Turner discusses all things career and finance for physicians. With expert guest discussions, Jimmy tackles the personal finance topics you wish you had learned in medical school.