Physician Cents podcast

22:36

Physicians assume that once their income stabilizes and their savings plans are in place, they will have peace of mind. But what if that peace never shows up? What if, despite doing everything “right,” they still feel anxious, distracted, or perpetually behind? In this episode, we explore a surprising culprit: the emotional toll of financial noise - the relentless stream of news, updates, social media posts, and peer chatter that quietly chips away at your well-being. Today, we’ll walk through real-world examples of clients with rock-solid plans who nonetheless feel like the sky is falling, often because of a tweet, a headline, or a half-baked take on PSLF. They highlight how easy it is to internalize fear and stress derived from sources of information that are inaccurate and irrelevant to your financial reality. The problem isn’t a lack of money, it’s a lack of mental margin. You’ll leave this episode with two core takeaways: a reminder that boring investing is often the smartest kind; and second, a clear strategy for reclaiming control over what information you let into your brain. Because in a world where financial anxiety can be manufactured by a bot on a Sunday, the ability to filter noise isn’t just a nice-to-have, it’s essential. Looking for help with Disability Insurance, Physician Banking, Student Loan Refinancing, Physician Mortgages, Contract Reviews, and more? Check out our " Best of the Best " sponsors page to find a list of the professionals Chad & Tyler team up with for their clients. You will want to hear this episode if you are interested in... (0:00) Financial stress that isn’t about the numbers (3:30) How news and social media hijack our financial decisions (4:45) Why “boring investing” beats trying to time the market (7:00) The disconnect between being financially fine and feeling financially fine (8:50) Rules and boundaries around news and social media consumption (13:10) A real-time example: PSLF panic caused by a website glitch (17:00) Refocusing on what you can control when the financial world feels chaotic The Hidden Stressor in Your Financial Life No One Talks About Most of us assume that we won’t have to worry about our finances once we’ve hit a certain income level or dialed in our investment strategy. But time and time again, we meet with physicians who are doing all the right things - saving, investing, managing debt, and still feel uneasy. That stress often stems from something intangible: the constant noise in the financial atmosphere. Whether it’s a headline about student loans, a friend’s market hot take, or a viral tweet about PSLF vanishing overnight, this kind of input doesn't just inform us, it can overwhelm us, hijack our sense of control, and leave us in a persistent state of financial unease. How to Filter the Noise Before It Hijacks Your Decisions It’s not the presence of information that’s the problem, it’s the volume and velocity. With social media platforms and news alerts pinging us 24/7, our brains are stuck in a loop of reacting rather than responding. We’ve seen this happen firsthand: clients with airtight plans suddenly spiral over a rogue tweet or misinterpreted update. The solution isn’t to bury your head in the sand, but to build intentional filters. That might mean muting certain keywords, uninstalling apps from your phone, or limiting your news intake to one reliable source, once per day. You don't need to know everything the moment it happens. You just need a clear enough head to make good decisions when it counts. The Power of Re-Centering on What You Can Control When the noise around you gets louder, the smartest move is to tune it out and refocus on your own financial plan. We remind our clients to concentrate on what they can control, like how much they save, how consistently they invest, their daily spending habits, and the strength of their cash reserves. These are the levers that truly drive progress in your financial life. Ruminating on policy changes, market predictions, or viral rumors won’t. That kind of anxiety doesn’t just cloud your judgment, it can chip away at your health. And we all know: health is wealth. The goal is a life where your finances support your peace of mind, not compete with it. The best of the best list is a paid sponsorship, but these are professionals/companies that Tyler and Chad collaborate with within their own practices or have been vetted to earn a spot on this list. By supporting our sponsors, it allows Chad & Tyler to dedicate more time to you and the Physician Cents community. If you ever have a question (or not a great experience, which we don’t expect!) about a sponsor, please let us know. We call it the “best of the best” for a reason, and we will maintain that standard for our listeners & viewers. Resources & People Mentioned StudentAid.gov – https://studentaid.gov Connect With Physician Cents WealthKeel LLC Olson Consulting LLC Tyler Olson on Twitter Chad Chubb, CFP®, CSLP® on Twitter Subscribe to Physician Cents Apple Podcasts Audio Production and Show Notes by - PODCAST FAST TRACK…

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Simple Steps, Serious Protection: Asset Protection 101, Ep 27 32:30

17 days ago32:30

32:30

Physicians don’t realize they’re financially exposed — not just to malpractice, but to everyday events like fender benders, lawsuits, or even divorce. Asset protection sounds like something complex or reserved for the ultra-wealthy, but in reality, there are basic, easy-to-implement steps that can make a big difference. This episode starts by opening your eyes to just how vulnerable your assets might be right now — especially if you haven’t taken any proactive measures to protect them. As the conversation unfolds, hosts Chad Chubb and Tyler Olson break down four practical and approachable strategies: using ERISA-protected retirement accounts, adding umbrella insurance, titling assets under Tenancy by the Entirety, and yes — prioritizing date nights to reduce divorce risk. They emphasize how these simple tools offer high-impact protection without requiring legal complexity or advanced financial strategies. Even if you’re still in training, these moves can strengthen your financial foundation early. Looking for help with Disability Insurance, Physician Banking, Student Loan Refinancing, Physician Mortgages, Contract Reviews, and more? Check out our " Best of the Best " sponsors page to find a list of the professionals Chad & Tyler team up with for their clients. You will want to hear this episode if you are interested in... (0:00) Asset Protection for Physicians 101 (2:11) The four simple strategies they’ll unpack — previewed (4:00) ERISA-protected retirement accounts: Why not all tax-deferred accounts are equal (9:23) Umbrella insurance: The overlooked, high-leverage layer of protection (17:08) Tenancy by the entirety: A small checkbox with big consequences (24:44) Why divorce is often the biggest financial threat — and how to be proactive (30:32) Recap of the 4 steps and why simplicity is the real win Asset protection doesn’t have to be complicated to be powerful When people hear “asset protection,” they often think of trusts, lawsuits, and estate attorneys. But there are a handful of basic moves that can go a long way without requiring any legal background. I walk through four of them that we see overlooked all the time: using ERISA-qualified accounts, adding umbrella insurance, using the right account title if you're married, and paying attention to your relationship. You don’t need to be ultra-wealthy to benefit — you just need to take a few small actions most people skip. Retirement accounts aren’t all created equal There’s a big difference between where your retirement money lives and how well it’s protected. A lot of people move old 401(k)s or 403(b)s into IRAs without realizing they’re giving up a layer of legal insulation. ERISA-qualified plans often have stronger protection from lawsuits and creditors, and that matters when your name and profession make you a target. It’s not just about shielding against the worst-case scenario — it’s about stacking the odds in your favor. If something happens and you're named in a lawsuit, the type of account your money sits in could determine whether it’s accessible or untouchable. This is also one reason we suggest keeping those workplace plans intact rather than rolling them over the minute you change jobs. On top of that, there are ripple effects. Moving money into a traditional IRA can also interfere with other planning tools, like the backdoor Roth strategy. So what looks like a simple admin task — consolidating accounts — can actually weaken both your tax planning and your protection. Better to know that now than later. The biggest threat to your wealth might not come from a lawsuit People worry about malpractice or getting sued in a car accident, and they should. That’s why umbrella insurance and proper account titling matter. But we also talk through something even more common: divorce. It's not just an emotional disruption — it's a financial event. We touch on how intentional time together can reduce that risk and why asset protection includes relationships, not just accounts. It’s easier to maintain connection than to repair damage. The best of the best list is a paid sponsorship, but these are professionals/companies that Tyler and Chad collaborate with within their own practices or have been vetted to earn a spot on this list. By supporting our sponsors, it allows Chad & Tyler to dedicate more time to you and the Physician Cents community. If you ever have a question (or not a great experience, which we don’t expect!) about a sponsor, please let us know. We call it the “best of the best” for a reason, and we will maintain that standard for our listeners & viewers. Resources & People Mentioned ERISA (Employee Retirement Income Security Act) - https://www.dol.gov/general/topic/retirement/erisa Umbrella Insurance Overview – National Association of Insurance Commissioners (NAIC) - https://content.naic.org/article/whats-umbrella-policy Connect With Physician Cents WealthKeel LLC Olson Consulting LLC Tyler Olson on Twitter Chad Chubb, CFP®, CSLP® on Twitter Subscribe to Physician Cents Apple Podcasts Audio Production and Show Notes by - PODCAST FAST TRACK…

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You’ve Been Matched with a Residency, Now What? Ep #26 31:18

4 weeks ago31:18

31:18

You’ve matched—congrats! But now what? As you transition from med school to residency, financial decisions are about to get real, and the steps you take now can make a huge difference in your financial future. Many new residents don’t realize how much financial planning matters at this stage—things like student loans, budgeting, and even insurance may seem like details you can handle later, but getting ahead now can save you serious money (and stress) down the road. Federal student loans, private refinancing, and income-driven repayment plans all come with deadlines and fine print that can affect how much you pay long-term. Credit card debt and budgeting also need attention, especially with the gap between your last med school disbursement and your first residency paycheck. Employer benefits like 403(b) contributions and disability insurance can offer protection, but knowing which options to choose makes all the difference. By the time residency starts, the goal is to have a plan in place so financial worries don’t pile up on top of patient care. Small moves now can put you in a stronger position for the years ahead. The transition from med student to resident is big, but getting organized financially can make it a whole lot easier. Looking for help with Disability Insurance, Physician Banking, Student Loan Refinancing, Physician Mortgages, Contract Reviews, and more? Check out our " Best of the Best " sponsors page to find a list of the professionals Chad & Tyler team up with for their clients . You will want to hear this episode if you are interested in... (0:00) Matched, Now What?! (2:30) Student loans (13:20) Credit cards & budgeting (23:10) Employer benefits (24:45) Disability insurance (27:50) Final thoughts The best of the best list is a paid sponsorship, but these are professionals/companies that Tyler and Chad collaborate with within their own practices or have been vetted to earn a spot on this list. By supporting our sponsors, it allows Chad & Tyler to dedicate more time to you and the Physician Cents community. If you ever have a question (or not a great experience, which we don’t expect!) about a sponsor, please let us know. We call it the “best of the best” for a reason, and we will maintain that standard for our listeners & viewers. Resources & People Mentioned StudentAid.gov – Federal student loan consolidation and repayment plans Laurel Road – Physician-focused student loan refinancing and banking Michael Relvas – Disability insurance specialist for physicians Connect With Physician Cents WealthKeel LLC Olson Consulting LLC Tyler Olson on Twitter Chad Chubb, CFP®, CSLP® on Twitter Subscribe to Physician Cents Apple Podcasts Audio Production and Show Notes by - PODCAST FAST TRACK…

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Why ‘Standard Contracts’ for Physicians Are Anything But, Ep #25 33:27

7 weeks ago33:27

33:27

Most physicians assume their first contract is a “standard agreement” that everyone signs without question. But as Kyle Claussen, CEO of Resolve, reveals in this episode, there’s no such thing as a truly standard physician contract. From compensation structures to non-compete clauses and tail coverage, every detail can significantly impact your financial future and career flexibility. Yet, many doctors accept these contracts at face value, unknowingly leaving money on the table or committing to restrictive terms that could hinder them down the road. By the time a physician realizes a contract term is unfair, it’s often too late. That’s why Kyle emphasizes the importance of negotiation—even for new attendings who feel they have little leverage. With insights into compensation benchmarks, legal loopholes, and real-life examples of contract pitfalls, this episode equips physicians with the knowledge they need to advocate for themselves. Whether you’re reviewing your first contract or renegotiating your current one, this conversation is a must-listen for any doctor who wants to be treated—and paid—fairly. Looking for help with Disability Insurance, Physician Banking, Student Loan Refinancing, Physician Mortgages, Contract Reviews, and more? Check out our " Best of the Best " sponsors page to find a list of the professionals Chad & Tyler team up with for their clients . You will want to hear this episode if you are interested in... (0:00) Why ‘Standard Contracts’ are anything but standard (2:30) Do residents need an attorney for training contracts? (4:00) Your first attending contract: Why "standard" is a myth (7:10) Compensation pitfalls & the long-term impact of a low starting salary (9:10) The hidden dangers of tail coverage (16:00) The biggest red flags in physician contracts (24:50) Side gigs, burnout, and financial freedom The best of the best list is a paid sponsorship, but these are professionals/companies that Tyler and Chad collaborate with within their own practices or have been vetted to earn a spot on this list. By supporting our sponsors, it allows Chad & Tyler to dedicate more time to you and the Physician Cents community. If you ever have a question (or not a great experience, which we don’t expect!) about a sponsor, please let us know. We call it the “best of the best” for a reason, and we will maintain that standard for our listeners & viewers. Resources & People Mentioned Resolve Bain & Company Report CMS Compensation Guidelines Connect with Kyle Claussen Resolve’s website Kyle Claussen on LinkedIn Connect With Physician Cents WealthKeel LLC Olson Consulting LLC Tyler Olson on Twitter Chad Chubb, CFP®, CSLP® on Twitter Subscribe to Physician Cents Apple Podcasts Audio Production and Show Notes by - PODCAST FAST TRACK…

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If I Can Manage My Own Investments, Why Pay an Advisor? Ep #24 34:59

9 weeks ago34:59

34:59

Lots of physicians wonder: If I can manage my own investments, why pay an advisor? It’s a fair question. If you're comfortable picking index funds and setting up automated contributions, what’s left for an advisor to do? This conversation unpacks the real value of financial planning beyond investments. From student loans and tax decisions to asset protection and estate planning, there's much more to consider than just growing a portfolio. Many assume an advisor’s worth is tied to investment management alone, but the real benefits show up in unexpected areas—especially as life and finances become more complex. We break down when it makes sense to hire an advisor, how to recognize a good one, and whether paying for professional help actually leads to better financial outcomes. Whether you're just getting started or re-evaluating your financial team, this discussion helps bring clarity to an often misunderstood topic. Looking for help with Disability Insurance, Physician Banking, Student Loan Refinancing, Physician Mortgages, Contract Reviews, and more? Check out our " Best of the Best " sponsors page to find a list of the professionals Chad & Tyler team up with for their clients . You will want to hear this episode if you are interested in... (0:00) Why Pay an Advisor at all? (1:20) When to hire a financial advisor (3:29) Flat fee vs. AUM: Key differences (7:41) What to look for in an advisor (14:20) Misconceptions about financial advice (25:10) Spotting red flag advisors (34:40) Finding the right long-term fit The best of the best list is a paid sponsorship, but these are professionals/companies that Tyler and Chad collaborate with within their own practices or have been vetted to earn a spot on this list. By supporting our sponsors, it allows Chad & Tyler to dedicate more time to you and the Physician Cents community. If you ever have a question (or not a great experience, which we don’t expect!) about a sponsor, please let us know. We call it the “best of the best” for a reason, and we will maintain that standard for our listeners & viewers. Resources & People Mentioned Certified Financial Planner (CFP) Board Tyler Olson’s Personal Finance Resources List National Association of Personal Financial Advisors (NAPFA) Connect With Physician Cents WealthKeel LLC Olson Consulting LLC Tyler Olson on Twitter Chad Chubb, CFP®, CSLP® on Twitter Subscribe to Physician Cents Apple Podcasts Audio Production and Show Notes by - PODCAST FAST TRACK…

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DIY Investing vs. Hiring an Advisor: The Real Value Breakdown, Ep 23 41:33

11 weeks ago41:33

41:33

Managing your own investments can feel empowering—especially when you've done the research and built a solid plan. But when does the complexity of financial planning cross the line from DIY-friendly to requiring professional help? That’s exactly what Dr. W is wondering. As a resident who's been diligently managing an all-equity portfolio, he’s now questioning when and if a financial advisor would be worth the cost. What’s the real value of professional advice, and how does it stack up against a well-educated, self-managed approach? We unpack the tangible and intangible benefits of working with a financial planner, from tax management and asset allocation to the critical role of behavioral coaching. The answers may surprise even the most financially savvy physicians. Looking for help with Disability Insurance, Physician Banking, Student Loan Refinancing, Physician Mortgages, Contract Reviews, and more? Check out our " Best of the Best " sponsors page to find a list of the professionals Chad & Tyler team up with for their clients . You will want to hear this episode if you are interested in... (4:50) The financial industry’s value problem (7:10) The gap between advisor cost and value (9:10) How to tell if an advisor adds value (13:30) The hidden cost of bad advice (18:00) Why behavior & tax strategy matter (22:40) What to ask when hiring an advisor (27:30) Tax planning: the advisor’s edge (36:20) Final thoughts on advisor selection The best of the best list is a paid sponsorship, but these are professionals/companies that Tyler and Chad collaborate with within their own practices or have been vetted to earn a spot on this list. By supporting our sponsors, it allows Chad & Tyler to dedicate more time to you and the Physician Cents community. If you ever have a question (or not a great experience, which we don’t expect!) about a sponsor, please let us know. We call it the “best of the best” for a reason, and we will maintain that standard for our listeners & viewers. Resources & People Mentioned Vanguard Advisor’s Alpha Michael Kitces Bogleheads Community Connect With Physician Cents WealthKeel LLC Olson Consulting LLC Tyler Olson on Twitter Chad Chubb, CFP®, CSLP® on Twitter Subscribe to Physician Cents Apple Podcasts Audio Production and Show Notes by - PODCAST FAST TRACK…

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From First-Generation Doctor to Mentor: Financial Lessons with Steve Sample, Ep #22 40:46

13 weeks ago40:46

40:46

What does it take to pave the way for the next generation while navigating the scars of being first? When we sat down with Steve Sample, an emergency medicine physician, we were struck by his mix of gratitude, hard-earned wisdom, and tough decisions. From his untraditional path into medicine—starting as a young father with dreams of becoming Garth Brooks—to now supporting his daughter through medical school, Steve offered a candid look at the challenges and triumphs of being a first-generation doctor building generational wealth. We explored the financial and emotional realities of supporting a child through one of the most expensive educational journeys out there. Together, we unpacked big questions: How do you balance a child’s dreams against daunting debt? What financial lessons can you pass along while helping them build independence? And how do families create equity among siblings while setting the next generation up for success? Looking for help with Disability Insurance, Physician Banking, Student Loan Refinancing, Physician Mortgages, Contract Reviews, and more? Check out our " Best of the Best " sponsors page to find a list of the professionals Chad & Tyler team up with for their clients . You will want to hear this episode if you are interested in... (00:00) How physicians manage family finances while building generational wealth (00:34) Steve Sample’s journey from aspiring musician to emergency medicine doctor (02:15) Lessons from a nontraditional path to medicine and early financial struggles (06:00) Supporting kids through medical school without sacrificing independence (16:30) Preparing for fourth-year med school costs and residency transitions (27:00) Smart strategies for retirement savings and long-term wealth building (33:40) Balancing career demands with family life and personal health The best of the best list is a paid sponsorship, but these are professionals/companies that Tyler and Chad collaborate with within their own practices or have been vetted to earn a spot on this list. By supporting our sponsors, it allows Chad & Tyler to dedicate more time to you and the Physician Cents community. If you ever have a question (or not a great experience, which we don’t expect!) about a sponsor, please let us know. We call it the “best of the best” for a reason, and we will maintain that standard for our listeners & viewers. Resources & People Mentioned Air Force Health Professions Scholarship Program (HPSP) fact sheet Public Service Loan Forgiveness (PSLF) Connect with Steve Sample Steve Sample on LinkedIn…

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A Deep-Dive into Disability Insurance with Larry Keller CFP®, Ep #21 52:55

15 weeks ago52:55

52:55

In the last couple of episodes, we’ve started to scratch the surface when it comes to the importance of disability insurance. Navigating the world of disability insurance as a physician can be complex, especially when it comes to understanding how medical conditions impact coverage eligibility. In this episode of Physician Cents , Larry Keller breaks down the most common medical issues that lead to disqualification or exclusion from coverage—and what you can do to protect yourself. From understanding Guaranteed Standard Issue (GSI) plans to spotting red flags with agents, Larry shares invaluable insights to help you make informed decisions. Tune in to learn why this foundational aspect of financial planning is critical to getting right the first time. Looking for help with Disability Insurance, Physician Banking, Student Loan Refinancing, Physician Mortgages, Contract Reviews, and more? Check out our " Best of the Best " sponsors page to find a list of the professionals Chad & Tyler team up with for their clients . You will want to hear this episode if you are interested in... (0:00) Introducing Larry Keller of Physician Financial Services (5:38) Common medical issues that will disqualify you from coverage (16:05) The two types of GSI plans available on the market (18:07) Some myths circulating about guaranteed standard issue offers (22:34) Red flags to watch out for with GSI agents (27:00) Why doesn’t every program offer a GSI? (28:42) How to determine if you shouldn’t get a GSI (41:39) How to find a trusted insurance agent (48:05) How disability insurance protects your future The best of the best list is a paid sponsorship, but these are professionals/companies that Tyler and Chad collaborate with within their own practices or have been vetted to earn a spot on this list. By supporting our sponsors, it allows Chad & Tyler to dedicate more time to you and the Physician Cents community. If you ever have a question (or not a great experience, which we don’t expect!) about a sponsor, please let us know. We call it the “best of the best” for a reason, and we will maintain that standard for our listeners & viewers. Resources & People Mentioned Why Every Physician Needs Disability Insurance with Michael Relvas, CFP®, Ep #18 Exploring Financial New Year’s Resolutions with The White Coat Investor, Ep #20 Connect with Larry Keller Physician Financial Services Connect on LinkedIn Connect With Physician Cents WealthKeel LLC Olson Consulting LLC Tyler Olson on Twitter Chad Chubb, CFP®, CSLP® on Twitter Subscribe to Physician Cents Apple Podcasts Audio Production and Show Notes by - PODCAST FAST TRACK…

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Exploring Financial New Year’s Resolutions with The White Coat Investor, Ep #20 41:04

17 weeks ago41:04

41:04

Is your financial house in order for 2025? In this special episode of Physician Cents, we’re joined by Jim Dahle, the one and only "White Coat Investor," to help you tackle the financial “resolutions” every physician should embrace. From crafting a rock-solid financial plan to protecting your health and wealth, this conversation is packed with actionable advice to start the year strong. Looking for help with Disability Insurance, Physician Banking, Student Loan Refinancing, Physician Mortgages, Contract Reviews, and more? Check out our " Best of the Best " sponsors page to find a list of the professionals Chad & Tyler team up with for their clients . You will want to hear this episode if you are interested in... Get a financial plan in place [1:55] Get educated about debt [4:32] Invest in date nights [7:01] Get disability insurance [8:33] Spend money on something that makes you feel alive [17:51] Protect your health alongside your wealth [22:57] Be intentional with your portfolio design [25:22] Get a values-based system in place [30:25] Learn about the Physician Wellness & Financial Literacy Conference [33:22] The best of the best list is a paid sponsorship, but these are professionals/companies that Tyler and Chad collaborate with within their own practices or have been vetted to earn a spot on this list. By supporting our sponsors, it allows Chad & Tyler to dedicate more time to you and the Physician Cents community. If you ever have a question (or not a great experience, which we don’t expect!) about a sponsor, please let us know. We call it the “best of the best” for a reason, and we will maintain that standard for our listeners & viewers. Resources & People Mentioned The Physician Wellness & Financial Literacy Conference Connect with Jim Dahle The White Coat Investor Connect on LinkedIn Connect With Physician Cents WealthKeel LLC Olson Consulting LLC Tyler Olson on Twitter Chad Chubb, CFP®, CSLP® on Twitter Subscribe to Physician Cents Apple Podcasts Audio Production and Show Notes by - PODCAST FAST TRACK…

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Tackling Debt: Loan Repayment and Refinancing with Earnest.com, Ep #19 28:09

20 weeks ago28:09

28:09

Debt is a reality that most medical professionals face, with 78% of graduating medical students carrying substantial loans. It’s not the easiest topic to discuss, but it’s a critical one. For most, debt is a significant piece of the financial puzzle—and knowing how to manage it effectively can shape your future. In this episode, Jenny Twomey—the Community Communications Lead at Earnest—joins us to break down loan repayment and refinancing. We’ll explore the pros and cons of refinancing, how to evaluate your loan options, and the key factors to consider when making these decisions. Whether you’re just starting out or looking to take control of your financial future, this conversation is packed with insights you can use right away. Looking for help with Disability Insurance, Physician Banking, Student Loan Refinancing, Physician Mortgages, Contract Reviews, and more? Check out our " Best of the Best " sponsors page to find a list of the professionals Chad & Tyler team up with for their clients . You will want to hear this episode if you are interested in... Navigating repaying private student loans [2:14] What is debt? How does it work? [8:09] Who shouldn’t consider refinancing? [11:56] Who should consider refinancing? [17:45] Learn more about refinancing options with Earnest [24:51] The best of the best list is a paid sponsorship, but these are professionals/companies that Tyler and Chad collaborate with within their own practices or have been vetted to earn a spot on this list. By supporting our sponsors, it allows Chad & Tyler to dedicate more time to you and the Physician Cents community. If you ever have a question (or not a great experience, which we don’t expect!) about a sponsor, please let us know. We call it the “best of the best” for a reason, and we will maintain that standard for our listeners & viewers. Resources & People Mentioned Earnest.com Connect with Jenny Twomey Connect on LinkedIn Connect With Physician Cents WealthKeel LLC Olson Consulting LLC Tyler Olson on Twitter Chad Chubb, CFP®, CSLP® on Twitter Subscribe to Physician Cents Apple Podcasts Audio Production and Show Notes by - PODCAST FAST TRACK…

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Why Every Physician Needs Disability Insurance with Michael Relvas, CFP®, Ep #18 37:16

22 weeks ago37:16

37:16

As a physician, your income is your most valuable asset—but what happens if you’re unable to work due to illness or injury? Disability insurance is critical to protecting the investment you’ve made in your education and career. It ensures financial stability in the face of unforeseen challenges, whether it’s a car accident or a cancer diagnosis. While premiums can be costly, especially during residency, starting with even a small policy is far better than having no coverage at all. In this episode of Physician Cents, Michael Relvas, CFP® joins us to explore the importance of disability insurance. He covers key considerations like level versus graded premiums, and why group coverage alone often falls short. Learn how to safeguard your future against the unexpected, because your financial well-being depends on it. Looking for help with Disability Insurance, Physician Banking, Student Loan Refinancing, Physician Mortgages, Contract Reviews, and more? Check out our " Best of the Best " sponsors page to find a list of the professionals Chad & Tyler team up with for their clients . You will want to hear this episode if you are interested in... [1:46] Why does every physician need disability insurance? [8:18] Choosing a lower amount versus a graded premium [10:53] Understanding level versus graded premiums [16:56] Is group disability insurance coverage enough? [22:16] Why you need to know the policy language [27:48] Anecdotal evidence: Why disability insurance is necessary [33:34] Take this decision process seriously The best of the best list is a paid sponsorship, but these are professionals/companies that Tyler and Chad collaborate with within their own practices or have been vetted to earn a spot on this list. By supporting our sponsors, it allows Chad & Tyler to dedicate more time to you and the Physician Cents community. If you ever have a question (or not a great experience, which we don’t expect!) about a sponsor, please let us know. We call it the “best of the best” for a reason, and we will maintain that standard for our listeners & viewers. This podcast is for informational purposes only. Physician Cents is not affiliated with or endorsed by PAS, Guardian, or M.R. Insurance Consultants and opinions stated are their own. Michael is a Registered Representative and Financial Advisor of Park Avenue Securities LLC (PAS). OSJ: 9200 CORPORATE BLVD, SUITE 390, ROCKVILLE MD, 20850, 240-683-9700. Securities products and advisory services offered through PAS, member FINRA, SIPC. Financial Representative of The Guardian Life Insurance Company of America® (Guardian), New York, NY. PAS is a wholly owned subsidiary of Guardian. M.R. Insurance Consultants is not an affiliate or subsidiary of PAS or Guardian. CA Insurance License #0G91249, AR Insurance License #8913976. 2024-179887 Exp 8/26 Connect with Michael Relvas, CFP® Connect with Michael on LinkedIn MR Insurance Consultants Connect With Physician Cents WealthKeel LLC Olson Consulting LLC Tyler Olson on Twitter Chad Chubb, CFP®, CSLP® on Twitter Subscribe to Physician Cents Apple Podcasts Audio Production and Show Notes by - PODCAST FAST TRACK…

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The Best Way to Financially Support a Loved One, Ep #17 31:15

24 weeks ago31:15

31:15

If you have a family member whose expenses you plan to cover every month, how do you go about it? This listener wants to give a parent a few thousand dollars a month to help them cover expenses and have spending money. Many physicians are the highest income earners in their families. They often try to support their loved ones. How do you do this responsibly? How do you give generously without hurting yourself or the ones you’re trying to help? We’ll help you find the right answer for yourself—using a values-based approach—in this episode of Physician Cents. Looking for help with Disability Insurance, Physician Banking, Student Loan Refinancing, Physician Mortgages, Contract Reviews, and more? Check out our " Best of the Best " sponsors page to find a list of the professionals Chad & Tyler team up with for their clients . You will want to hear this episode if you are interested in... Should you financially support a loved one? [2:38] Step #1: Create your own financial plan [7:11] Step #2: Consider the ramifications of gifting [13:56] Step #3: Talk to your loved ones about their finances [16:34] Step #4: Determine the best way to give [22:25] The best of the best list is a paid sponsorship, but these are professionals/companies that Tyler and Chad collaborate with within their own practices or have been vetted to earn a spot on this list. By supporting our sponsors, it allows Chad & Tyler to dedicate more time to you and the Physician Cents community. If you ever have a question (or not a great experience, which we don’t expect!) about a sponsor, please let us know. We call it the “best of the best” for a reason, and we will maintain that standard for our listeners & viewers. Resources & People Mentioned Gusto Zelle Apple Cash Connect With Physician Cents WealthKeel LLC Olson Consulting LLC Tyler Olson on Twitter Chad Chubb, CFP®, CSLP® on Twitter Subscribe to Physician Cents Apple Podcasts Audio Production and Show Notes by - PODCAST FAST TRACK…

1
Tackling Questions New Physicians Ask with Dr. Kaveh Hoda, Ep #16 38:41

26 weeks ago38:41

38:41

Most physicians aren’t planning ahead for their finances during their training and residency—they’re surviving. Many assume that once they’re a full-fledged doctor, any financial issues will be resolved. You may be thinking about marriage, kids, or buying a home. But financial decisions aren’t typically top-of-mind. So in this episode of Physician Cents, we’ll cover some of the basic things newly minted physicians need to think about with special guest Dr. Kaveh Hoda. Looking for help with Disability Insurance, Physician Banking, Student Loan Refinancing, Physician Mortgages, Contract Reviews, and more? Check out our " Best of the Best " sponsors page to find a list of the professionals Chad & Tyler team up with for their clients . You will want to hear this episode if you are interested in... Dr. Hoda’s biggest concerns during training [2:24] Why physicians shouldn’t hastily buy a home [4:56] Safe ways to save your money [10:53] A conversation about 529 plans [15:20] Starting a private practice: S Corp versus LLC [21:23] Is Locum Tenens work becoming more common? [31:53] Check out Dr. Hoda’s podcast! [36:53] The best of the best list is a paid sponsorship, but these are professionals/companies that Tyler and Chad collaborate with within their own practices or have been vetted to earn a spot on this list. By supporting our sponsors, it allows Chad & Tyler to dedicate more time to you and the Physician Cents community. If you ever have a question (or not a great experience, which we don’t expect!) about a sponsor, please let us know. We call it the “best of the best” for a reason, and we will maintain that standard for our listeners & viewers. Resources & People Mentioned Corporate Dissolution or Liquidation: Form 966 Connect with Dr. Kaveh Hoda Check out Dr. Hoda’s podcast: House of Pod Connect With Physician Cents WealthKeel LLC Olson Consulting LLC Tyler Olson on Twitter Chad Chubb, CFP®, CSLP® on Twitter Subscribe to Physician Cents Apple Podcasts Audio Production and Show Notes by - PODCAST FAST TRACK…

1
Should Physicians Lease Their Vehicles? Ep #15 21:00

28 weeks ago21:00

21:00

We are often asked whether or not physicians should buy or lease a vehicle. While doctors are stereotyped for having expensive and flashy vehicles, we all want to make wise financial decisions when it comes to choosing a vehicle. People often spout that leasing a vehicle is just throwing money away. But is it? It can be argued that there is a time and place for leasing a vehicle over buying. We dive into the different nuances of buying vs leasing in this episode of Physician Cents. Looking for help with Disability Insurance, Physician Banking, Student Loan Refinancing, Physician Mortgages, Contract Reviews, and more? Check out our " Best of the Best " sponsors page to find a list of the professionals Chad & Tyler team up with for their clients . You will want to hear this episode if you are interested in... [3:00] Buying a car is a values-based conversation [4:53] What do you value in a car? [12:33] It’s not about keeping up with the Joneses [14:22] Is leasing a bad idea? [18:08] Bonus of leasing: You don’t handle repair costs The best of the best list is a paid sponsorship, but these are professionals/companies that Tyler and Chad collaborate with within their own practices or have been vetted to earn a spot on this list. By supporting our sponsors, it allows Chad & Tyler to dedicate more time to you and the Physician Cents community. If you ever have a question (or not a great experience, which we don’t expect!) about a sponsor, please let us know. We call it the “best of the best” for a reason, and we will maintain that standard for our listeners & viewers. Connect With Physician Cents WealthKeel LLC Olson Consulting LLC Tyler Olson on Twitter Chad Chubb, CFP®, CSLP® on Twitter Subscribe to Physician Cents Apple Podcasts Audio Production and Show Notes by - PODCAST FAST TRACK…

1
Bonuses, Contract Negotiations, and Tail Insurance for Physicians, Ep #14 33:37

30 weeks ago33:37