If you're a self-employed physician associate or other healthcare professional who is a practice owner or an independent contractor (1099), you likely have several business expenses that you could use to help lower your taxes. In this episode, we'll review the common business expenses that you might have, and you'll learn why it's important that you work with a qualified tax professional to help you with your specific situation and to understand if the expense is ordinary and necessary for your business. 

(The information covered is not tax advice.)

Are you just beginning your journey to financial independence and want to learn more? Download your FREE copy of the PA the FI Way Beginner’s Workbook here!

If you're ready for more support and accountability on your financial journey or in your career, reach out to me about coaching opportunities: [email protected]

Website / Blog: pathefiway.com 

Enjoy the show? You can now support the PA the FI Way podcast through Buy Me a Coffee! Thank you for all of your support! https://www.buymeacoffee.com/pathefiway 

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The contribution limit for your 401K in 2023 is $22,500 for those of us under the age of 50, so you're assuming you for sure can contribute that whole amount to max out your 401K out for the year, right?? Unfortunately, that's not always the case! If you're considered a highly compensated employee (HCE), then if you try to max out your 401K, you could actually get a 401K refund due to your employer not passing the nondiscrimination test. Listen to learn more about what this means! 

If you're ready to get started on your financial journey, reach out to me about coaching opportunities: [email protected]

Are you just beginning your journey to financial independence and want to learn more? Download your FREE copy of the PA the FI Way Beginner’s Workbook here!

Website / Blog: pathefiway.com - View website to learn more about financial independence and to learn how we can work together to help you with your financial and career goals on your way to FI!

Enjoy the show? You can now support the PA the FI Way podcast through Buy Me a Coffee! Thank you for all of your support! https://www.buymeacoffee.com/pathefiway 

Follow along on Instagram: @pathefiway   https://www.instagram.com/pathefiway/

Follow or connect on LinkedIn: https://www.linkedin.com/in/katarina-kat-astrup-mspas-pa-c-175848255/  

Join the private Facebook group created for current and future PAs on their journey to financial independence: https://www.facebook.com/groups/pathefiway 

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Many physician associates and other health care providers are changing jobs due to burnout or negotiating better compensation and benefits in other roles. But what are you supposed to do with the money in your old 401K plan through your previous employer? What happens to it if you change jobs? What are your options? 

You actually have 4 different options to consider for your investments within your old 401K plan. In this episode, we'll review what those options are, discuss which option isn't ideal, and the pros and cons to consider for all of these options. 

If you're ready to get started on your financial journey, reach out to me about coaching opportunities: [email protected]

Are you just beginning your journey to financial independence and want to learn more? Download your FREE copy of the PA the FI Way Beginner’s Workbook here!

Website / Blog: pathefiway.com - View website to learn more about financial independence and to learn how we can work together to help you with your financial and career goals on your way to FI!

Enjoy the show? You can now support the PA the FI Way podcast through Buy Me a Coffee! Thank you for all of your support! https://www.buymeacoffee.com/pathefiway 

Follow along on Instagram: @pathefiway   https://www.instagram.com/pathefiway/

Follow or connect on LinkedIn: https://www.linkedin.com/in/katarina-kat-astrup-mspas-pa-c-175848255/  

Join the private Facebook group created for current and future PAs on their journey to financial independence: https://www.facebook.com/groups/pathefiway 

Like the Facebook page to follow along for updates: https://www.facebook.com/pathefiway

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More and more healthcare providers are experiencing burnout and considering leaving medicine altogether. Instead of leaving medicine completely, it's possible that working in a nonclinical role in medical industry could provide you with the work-life integration that you're looking for. Rachel Jurgenson is a fellow PA-C who transitioned into industry several years ago after working in clinical medicine for many years. She has had several industry roles and feels as though the medical industry field can make many providers happier while still having a positive impact on patients. Interested in learning more? Join Rachel's Facebook group (Making an Impact in Medical Industry as a Healthcare Provider), or checkout the course that Rachel recently launched (Mastering Medical Industry as a Healthcare Provider Course)!

Connect with Rachel: 

Facebook Group: https://www.facebook.com/groups/makinganimpactinmedicalindustry/

Instagram: @racheljurgenson.pac

Website: https://1patientatatime.com/

Resources mentioned in this episode: 

Atomic Habits (book)

If you're ready to get started on your financial journey, reach out to me about coaching opportunities: [email protected]

Are you just beginning your journey to financial independence and want to learn more? Download your FREE copy of the PA the FI Way Beginner’s Workbook here!

Website / Blog: pathefiway.com - View website to learn more about financial independence and to learn how we can work together to help you with your financial and career goals on your way to FI!

Enjoy the show? You can now support the PA the FI Way podcast through Buy Me a Coffee! Thank you for all of your support! https://www.buymeacoffee.com/pathefiway 

Follow along on Instagram: @pathefiway   https://www.instagram.com/pathefiway/

Follow or connect on LinkedIn: https://www.linkedin.com/in/katarina-kat-astrup-mspas-pa-c-175848255/  

Join the private Facebook group created for current and future PAs on their journey to financial independence: https://www.facebook.com/groups/pathefiway 

Like the Facebook page to follow along for updates: https://www.facebook.com/pathefiway

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Did you know that Harvard has been conducting a study for 85 years now? This study is called the Harvard Study of Adult Development, and it has shown some interesting things about health and happiness. Perhaps to your surprise (or not), happiness is not all about wealth and prestige. In this episode, some of the key findings are discussed, with an emphasis on the most important finding: the quality of our relationships impacts our health and happiness, and loneliness kills. Learn why this concept is incredibly important to understand as you pursue financial independence over the years.

If you're ready to get started on your financial journey, reach out to me about coaching opportunities: [email protected]

Are you just beginning your journey to financial independence and want to learn more? Download your FREE copy of the PA the FI Way Beginner’s Workbook here!

Website / Blog: pathefiway.com - View website to learn more about financial independence and to learn how we can work together to help you with your financial and career goals on your way to FI!

Enjoy the show? You can now support the PA the FI Way podcast through Buy Me a Coffee! Thank you for all of your support! https://www.buymeacoffee.com/pathefiway 

Follow along on Instagram: @pathefiway   https://www.instagram.com/pathefiway/

Follow or connect on LinkedIn: https://www.linkedin.com/in/katarina-kat-astrup-mspas-pa-c-175848255/  

Join the private Facebook group created for current and future PAs on their journey to financial independence: https://www.facebook.com/groups/pathefiway 

Like the Facebook page to follow along for updates: https://www.facebook.com/pathefiway

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You very likely either have seen or will see noncompete clauses come up when you're reviewing contracts throughout your career. What are noncompete agreements? Should you sign a contract with a noncompete clause in it? What does a detailed and well-defined noncompete clause look like? How do noncompetes impact patients and providers? Will noncompetes be banned? These are all the questions that are answered in this episode!

Are you just beginning your journey to financial independence and want to learn more? Download your FREE copy of the PA the FI Way Beginner’s Workbook here!

Website / Blog: pathefiway.com - View website to learn more about financial independence and to learn how we can work together to help you with your financial and career goals on your way to FI!

Enjoy the show? You can now support the PA the FI Way podcast through Buy Me a Coffee! Thank you for all of your support! https://www.buymeacoffee.com/pathefiway

Follow along on Instagram: @pathefiway https://www.instagram.com/pathefiway/ Follow or connect on LinkedIn: https://www.linkedin.com/in/katarina-kat-astrup-mspas-pa-c-175848255/

Join the private Facebook group created for current and future PAs on their journey to financial independence: https://www.facebook.com/groups/pathefiway

Like the Facebook page to follow along for updates: https://www.facebook.com/pathefiway

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It doesn't matter if you're a new grad or an experienced healthcare provider, you very likely have some anxiety when you're preparing for an upcoming job interview. You may even feel more anxious when you're in the middle of the interview! Often, your heart can race, your body can shake, and your voice can crack. This isn't a fun experience at all! Besides potentially taking a beta-blocker, here are some other strategies you can implement to prepare for your upcoming job interview, and then you will eventually be interviewing like a pro. Acing your next job interview could help you recover from burnout or land a position with better overall compensation and benefits to help you reach financial independence sooner as a PA or other HCP!

Interested in exploring if coaching sessions or a mock interview would be right for you? Reach out to me to discuss if we would be a good fit to work together: [email protected] 

Are you just beginning your journey to financial independence and want to learn more? Download your FREE copy of the PA the FI Way Beginner’s Workbook here!

Website / Blog: pathefiway.com - View website to learn more about financial independence and to learn how we can work together to help you with your financial and career goals on your way to FI!

Enjoy the show? You can now support the PA the FI Way podcast through Buy Me a Coffee! Thank you for all of your support! https://www.buymeacoffee.com/pathefiway 

Follow along on Instagram: @pathefiway   https://www.instagram.com/pathefiway/

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Join the private Facebook group created for current and future PAs on their journey to financial independence: https://www.facebook.com/groups/pathefiway 

Like the Facebook page to follow along for updates: https://www.facebook.com/pathefiway

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Women often feel intimidated and overwhelmed when learning about investing and financial literacy. I used to feel that way! However, studies have shown that women actually tend to be better investors compared to men. (This is after they find the confidence and courage to start investing). Listen to find out the 5 reasons why women usually are great investors.

If you're ready to get started on your financial journey, reach out to me about coaching opportunities: [email protected]

Are you just beginning your journey to financial independence and want to learn more? Download your FREE copy of the PA the FI Way Beginner’s Workbook here!

Website / Blog: pathefiway.com - View website to learn more about financial independence and to learn how we can work together to help you with your financial and career goals on your way to FI!

Enjoy the show? You can now support the PA the FI Way podcast through Buy Me a Coffee! Thank you for all of your support! https://www.buymeacoffee.com/pathefiway 

Follow along on Instagram: @pathefiway   https://www.instagram.com/pathefiway/

Follow or connect on LinkedIn: https://l.facebook.com/l.php?u=https://www.linkedin.com/in/katarina-kat-astrup-mspas-pa-c-175848255

Join the private Facebook group created for current and future PAs on their journey to financial independence: https://www.facebook.com/groups/pathefiway

Like the Facebook page to follow along for updates: https://www.facebook.com/pathefiway

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My husband was finally able to join as a guest on the podcast for this episode! We share about how we were clueless when it came to finances early in our relationship, how we made financial mistakes, and how we are now trying to find the balance between enjoying life in the present while saving and investing for our future on our journey to financial independence. We also discuss how to try to approach the topic of finances with your spouse or significant other as well as tips to having successful financial meetings as a team. Our financial tendencies are very opposite (he is the spontaneous spender, and I'm the planning saver), so we have had to learn to communicate and compromise as we work towards our financial goals. 

If you're ready to get started on your financial journey, reach out to me about coaching opportunities: [email protected]

Are you just beginning your journey to financial independence and want to learn more? Download your FREE copy of the PA the FI Way Beginner’s Workbook here!

Website / Blog: pathefiway.com - View website to learn more about financial independence and to learn how we can work together to help you with your financial and career goals on your way to FI!

Enjoy the show? You can now support the PA the FI Way podcast through Buy Me a Coffee! Thank you for all of your support! https://www.buymeacoffee.com/pathefiway 

Follow along on Instagram: @pathefiway   https://www.instagram.com/pathefiway/

Follow or connect on LinkedIn: https://l.facebook.com/l.php?u=https://www.linkedin.com/in/katarina-kat-astrup-mspas-pa-c-175848255 

Join the private Facebook group created for current and future PAs on their journey to financial independence: https://www.facebook.com/groups/pathefiway 

Like the Facebook page to follow along for updates: https://www.facebook.com/pathefiway

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While there are so many potential benefits to pursuing and reaching financial independence (hello, work being optional!), it is important to also consider the few potential drawbacks that may come with it. Learn what these types of drawbacks could be as well as the solutions that you can start doing now on your way to FI to help!

Are you just beginning your journey to financial independence and want to learn more? Download your FREE copy of the PA the FI Way Beginner’s Workbook here!

Are you interested in transitioning into a telemedicine role, but don't know where to start? Download your FREE copy of Transitioning to Telemedicine: Your Guide to Finding a Telemedicine Job

Enjoy the show? You can now support the PA the FI Way podcast through Buy Me a Coffee! Thank you for all of your support! https://www.buymeacoffee.com/pathefiway 

Website / Blog: pathefiway.com

Follow along on Instagram: @pathefiway   https://www.instagram.com/pathefiway/

Join the private Facebook group created for current and future PAs on their journey to financial independence: https://www.facebook.com/groups/pathefiway 

Like the Facebook page to follow along for updates: https://www.facebook.com/pathefiway

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