In this episode of Physician’s Guide to Wealth, host James reconnects with his longtime friend, Dr. Rachel Carlson. Now a pediatrician in Hawaii, an active-duty Air Force officer, and a triathlete, Dr. Carlson’s story is a masterclass in living with intention.

Dr. Carlson shares how she trained for a triathlon during residency, launched a wellness program as chief resident, and learned to prioritize sleep, fitness, and financial planning while carrying the lessons of her late father, also a physician. Her journey highlights the importance of discipline, connection, and surrounding yourself with a capable team.

What You’ll Learn in This Episode

• How Dr. Carlson used fitness as a foundation for resilience during residency
• Why she believes “balance” is seasonal, not permanent
• The impact of vulnerability and peer support on physician wellness
• Practical approaches to sleep and habit-building
• Why financial planning became a non-negotiable early in her career
• The freedom that comes from delegating and leaning on a strong team

Dr. Rachel Carlson is a pediatric physician based in Hawaii, an active-duty Air Force officer, and a triathlete. Throughout her medical training, she prioritized wellness and financial planning, even creating a residency wellness program during her time as chief resident. Dr. Carlson’s approach is rooted in intention, service, and discipline, shaped in part by the legacy of her late father, also a physician. Today, she continues to model balance in action—focusing on preventative health in her pediatric practice, maintaining her own fitness and well-being, and leading with the perspective that health is the foundation of true wealth.

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• 1% of IM Wealth’s revenue is dedicated to providing scholarship funds to medical students. Learn more about the Meaningful Journeys Scholarship and how you can join the fight here.
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This isn’t just another finance podcast—it’s a movement. We’re challenging the status quo, cutting through the noise, and giving physicians real strategies to take control of their money and their future. 

Because true wealth isn’t just about numbers—it’s about freedom.

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James Nutter is on a mission to help physicians reclaim their financial power. With a deep understanding of the unique challenges doctors face, he provides real-world strategies that cut through the noise and lead to lasting financial freedom.

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The opinions expressed in this podcast are for informational and educational purposes only and do not constitute financial, legal, or tax advice. Any financial decisions should be made in the context of your unique circumstances and in partnership with a trusted financial advisor who understands your personal plan.

A Physician’s Guide to Wealth Podcast — Brought to you by IM Wealth: Helping physicians take control of their money so they can live a purposeful life.

For more resources, visit IMWealth.com.

Advisory services offered through Commonwealth Financial Network®, a Registered Investment Adviser.