Finance for Physicians

The #1 Reason Physicians Make Bad Financial Decisions


Listen Later

Physicians are super smart, work hard, and have tons of earning potential. Even more importantly, they are in a trusted profession that provides value and makes a difference. 

In this episode of the Finance For Physicians Podcast, Daniel Wrenne talks about the main reason why physicians make bad financial decisions and how to avoid them to stay on track.   

Topics Discussed:
  • Financial Solutions: Best or worst place to start? It depends
  • Home Buying Decision: Avoid being house poor and pressured to pay bills
  • Financially Fine: Learn to live the ideal life that you hoped to live
  • What went wrong? Buying a nice home is not a mistake, it’s the buying process
  • Ideal Future: Children? Life/work balance? Financial freedom? Charitable giving?
  • Financial Resources: What’s available? Income/earning potential vs. priorities
  • Financial Decision: What’s your budget? Incorporate true all-in costs
  • Efficiency Hacks: Ways to improve outcomes of financial decisions
  • Financial Planning Process: Avoid temptation/shiny objects, stay out of trouble
  • Links:

    Free DIY Financial Planning Guide

    Schedule a free call with Wrenne Financial Planning

    Contact Finance for Physicians

    Finance for Physicians

    ...more
    View all episodesView all episodes
    Download on the App Store

    Finance for PhysiciansBy Daniel Wrenne

    • 4.7
    • 4.7
    • 4.7
    • 4.7
    • 4.7

    4.7

    39 ratings


    More shows like Finance for Physicians

    View all
    Afford Anything | Make Smart Money Choices by Paula Pant, Personal Finance Expert | Cumulus Podcast Network

    Afford Anything | Make Smart Money Choices

    3,565 Listeners

    Money Guy Show by Brian Preston and Bo Hanson

    Money Guy Show

    3,242 Listeners

    Your Money, Your Wealth by Joe Anderson, CFP® & Alan Clopine, CPA of Pure Financial Advisors

    Your Money, Your Wealth

    816 Listeners

    Retirement Answer Man by Roger Whitney, CFP®, CIMA®, RMA, CPWA®

    Retirement Answer Man

    1,312 Listeners

    ChooseFI | Financial Independence Podcast by ChooseFI

    ChooseFI | Financial Independence Podcast

    5,156 Listeners

    White Coat Investor Podcast by Dr. Jim Dahle of the White Coat Investor

    White Coat Investor Podcast

    2,455 Listeners

    Stay Wealthy Retirement Podcast by Taylor Schulte, CFP®

    Stay Wealthy Retirement Podcast

    694 Listeners

    BiggerPockets Money Podcast by BiggerPockets

    BiggerPockets Money Podcast

    3,081 Listeners

    Bogleheads On Investing Podcast by bogleheads

    Bogleheads On Investing Podcast

    616 Listeners

    Sound Investing by Paul Merriman

    Sound Investing

    348 Listeners

    Money Meets Medicine by Doctor Podcast Network, Jimmy Turner MD

    Money Meets Medicine

    227 Listeners

    The Personal Finance Podcast by Andrew Giancola

    The Personal Finance Podcast

    1,435 Listeners

    The Rob Berger Show by Rob Berger

    The Rob Berger Show

    200 Listeners

    Personal Finance for Long-Term Investors by Jesse Cramer

    Personal Finance for Long-Term Investors

    158 Listeners

    Retirement Planning Education, with Andy Panko by Andy Panko

    Retirement Planning Education, with Andy Panko

    1,062 Listeners