Step 4 - Money

Dr. McIntyre shares the challenges and values of working in emergency medicine.

We get to speak with Broc Buckles, an independent disability insurance agent, about why own occupation disability insurance is so important. We talk through the various riders available to policies, as well as the relationship between employer provided coverage and personal supplemental coverage. There are tax consequences for each type. Broc also shares insights on why *who* we buy our policy from is very important. Overall it is very important for physicians to get their own personal policies as soon as they can reasonably afford it.

Dr. McGough shares his experience of making money decisions around student loans, budgeting and making intentional spending decisions.

Dr. Bowers discusses her career path and how she eventually identified time and employment stresses that she had to find ways to change, be it with more support from trusted individuals to actual changes in her responsibilities at work. The effort was clearly worth it.

Three single physicians share the challenges, ideas, and solutions they came upon in residency.

We talk about specific difficulties that are common to physician families and the importance of knowing the role each person plays as well as the importance of communication.

Dr. Nii, a trauma surgeon and a podcaster (Docs outside the Box) shares his personal experiences with money, the mistakes and lessons he endured, and the purpose he and his family are working toward.

We discuss the types of policies, riders, pros, and cons of disability insurance. We also discuss the pros and cons of if and when to purchase it.

Dr. Tyler King discusses misconceptions about where one must work to qualify for PSLF, the so-called high rejection rate of applicants, as well as practical steps and preparations that one should make in order to make good financial decisions.