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In this episode, Mike discusses the 50/30/20 method for personal finance. He emphasizes the importance of knowing your numbers (what gets measured gets managed), how to approach allocating income to essentials, wants, and savings, and how to adapt the method to real-life situations. He highlights the value of paying yourself first not only as a means to improve your financial health, but as a signal of self-worth which transforms your money psychology.

References

• What is the 50/30/20 Rule?
• Revisiting 50/30/20 for 2026
• How Americans Actually Split Their Paychecks
• Mr Money Mustache Blog: Importance of Savings Rate

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In this updated release of episode 2, Mike makes the case for what he calls "cognitive optimism" - optimism grounded in data and informed by your unique perspective and values. If you can resist the lure of pessimism and the tendency toward negativity bias and loss aversion, you will discover that optimism is associated not only with higher savings rates but also longer lifespans - after all, we want to be around to enjoy the fruits of our labors!

References

• Explanatory Style as A Mechanism of Disappointing Athletic Performance
• A Glass Half Full of Money
• Association of Optimism with Cardiovascular Events and All-Cause Mortality
• Optimism Associated with Exceptional Longevity

Music: Perpetual Motion by Amarent via FMA (public domain)

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In this episode of Rehab Your Finances, Mike discusses the importance of recognizing the role that risk plays in your financial wellness. He highlights common risks such as unexpected expenses, loss of income due to disability or death, risks to property and self, and inflation risk. Throughout the discussion, he emphasizes the importance of considering the data within your specific life situation and goals. Expect to come away with tangible strategies for navigating risk after listening to this episode!

References

• Disability Insurance Statistics and Facts for 2025
• Life Insurance Stats and Trends
• White Coat Investor - Whole Life Insurance
• Most Americans Would Struggle with Emergency Expense
• Bankrate's 2026 Emergency Savings Report
• Threshold of $2467 for Emergency Savings
• Emergency Savings May Hold Key to Financial Well-Being

Music: Perpetual Motion by Amarent via FMA (public domain)

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You take care of others—but who’s taking care of you?

In this first episode of Rehab Your Finances, Mike shares why this show exists and who it’s for. Drawing on his experience as a physical therapist and educator, he explores the often-unspoken financial tension many healthcare professionals, educators, and caregivers feel after investing years of time, energy, and money into serving others.

Rehab Your Finances reframes personal finance as something more than budgeting or optimization. Instead, it’s about clarity, sustainability, and building financial systems that support the life you’re actually living.

If you’ve ever felt financially uncertain despite doing meaningful work, this show is for you.

Music: Perpetual Motion by Amarent via FMA (public domain)

Contact: [email protected]

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