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Content provided by Dr. Disha Spath, MD, and FACP. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Dr. Disha Spath, MD, and FACP or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.
Financial Freedom and Peace of Mind. For all of us. A podcast by The Frugal Physician for healthcare professionals looking to get their financial house in order and design their ideal lives.
Content provided by Dr. Disha Spath, MD, and FACP. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Dr. Disha Spath, MD, and FACP or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.
Financial Freedom and Peace of Mind. For all of us. A podcast by The Frugal Physician for healthcare professionals looking to get their financial house in order and design their ideal lives.
Is burnout stealing your joy in medicine? You’re not alone—and you don’t have to settle. In this inspiring episode of The Finding Financial Freedom Podcast, Dr. Disha Spath sits down with Dr. Cory Fawcett—retired surgeon, physician coach, and author of The Doctors Guide series—to explore how doctors can reclaim joy, autonomy, and purpose without leaving healthcare. From overcoming inertia and toxic work cycles to using financial wellness as a lever for change, Dr. Fawcett offers practical tools to help you fall back in love with your career. Whether you're teetering on the edge or just want more fulfillment in your day-to-day, this conversation is your permission slip to reimagine what's possible. This episode is also sponsored by Set for Life Insurance – Providing more than just insurance policies—they deliver personalized coverage and expert guidance tailored to your needs. Whether you're looking for life, disability, or long-term care insurance, their team ensures you get the best protection at the most cost-effective rates. With priority underwriting, special discounts, and access to top-rated insurers, they make securing your future simple and stress-free. Take the next step in protecting what matters most. Visit setforlifeinsurance.com or call 1-888-553-3559 today.…
Welcome back to part two of our interview with Dr. Nisha Mehta on the Finding Financial Freedom Podcast! Today, we dive into the financial side of being a physician. Dr. Nisha shares valuable insights on how physicians can build long-term financial security, prepare for economic recessions, and leverage the power of side gigs to overcome adversity. We also discuss how to maximize your W2 income for financial empowerment and what the future holds for physician side gigs. Key Topics Covered: 1. Pain Point on Being and Entrepreneur Building your business and managing it by setting boundaries 2. Getting Comfortable with Your Own Skin Being comfortable with wherever phase you are at in your life 3. Driving Change in Your Industry Learn how to turn your ideas into impactful action that drives change in the healthcare field. 4. Overcoming the Struggles of Entrepreneurship Dr. Nisha opens up about the financial and mental hurdles she faced while building a business. 5. Managing Cash Flow During Economic Uncertainty Practical solutions for physicians to safeguard their finances during times of economic instability. 6. Maximizing Your W2 Income Discover how to leverage your W2 income for greater financial empowerment and stability. 7. The Future of Physician Side Gigs Dr. Nisha shares what's next for the physician side gig community and her ongoing mission. Resources Mentioned: Physician Side Gigs Listener Takeaways: Strategies to overcome financial challenges in uncertain times. How to turn your entrepreneurial ideas into a thriving business. The importance of maximizing your W2 income while diversifying income streams. Practical advice for managing your cash flow and preparing for economic downturns. Insights into the future of physician side gigs and how you can get involved. Connect with Us: Host: Dr. Disha Spath, The Frugal Physician Guest: Dr. Nisha Mehta , Founder, Physician Side Gigs If you're a physician looking for more autonomy and fulfillment, this episode is a must-listen! This episode is also sponsored by Set for Life Insurance – Providing more than just insurance policies—they deliver personalized coverage and expert guidance tailored to your needs. Whether you're looking for life, disability, or long-term care insurance, their team ensures you get the best protection at the most cost-effective rates. With priority underwriting, special discounts, and access to top-rated insurers, they make securing your future simple and stress-free. Take the next step in protecting what matters most. Visit setforlifeinsurance.com or call 1-888-553-3559 today.…
Welcome back to the Finding Financial Freedom Podcast with Dr. Disha Spath. Today, we’re joined by Dr. Nisha Mehta, a radiologist, nationally recognized thought leader in physician finance, and founder of Physician Side Gigs—a thriving community of over 200,000 physicians. In this episode, Dr. Nisha shares how she built Physician Side Gigs from the ground up, navigated the challenges of being a public figure, and leveraged her platform to create lasting change in the medical industry. She opens up about the realities of physician burnout, how to prevent it, and what it takes to channel momentum into meaningful industry transformation. Key Topics Covered: From Radiologist to Industry Leader How Dr. Nisha built Physician Side Gigs into a movement. The Challenges of Social Media Influence The trials and lessons of leading a large online community. Navigating Burnout in Medicine Identifying burnout early and strategies for prevention. Driving Change in Your Industry How to turn ideas into impactful action. Overcoming the Struggles of Entrepreneurship The financial and mental hurdles of building a business. Managing Cash Flow During Economic Uncertainty Practical solutions for physicians facing financial challenges. The Future of Physician Side Gigs What’s next for the community and Dr. Nisha’s mission. Resources Mentioned: Physician Side Gigs Listener Takeaways: How to balance clinical practice with entrepreneurship. Why burnout happens and how to prevent it. Steps to create meaningful change in your field. How to stay financially secure during economic downturns. Connect with Us: Host: Dr. Disha Spath, The Frugal Physician Guest: Dr. Nisha Mehta , Founder, Physician Side Gigs If you're a physician looking for more autonomy and fulfillment, this episode is a must-listen! This episode is also sponsored by Set for Life Insurance – Providing more than just insurance policies—they deliver personalized coverage and expert guidance tailored to your needs. Whether you're looking for life, disability, or long-term care insurance, their team ensures you get the best protection at the most cost-effective rates. With priority underwriting, special discounts, and access to top-rated insurers, they make securing your future simple and stress-free. Take the next step in protecting what matters most. Visit setforlifeinsurance.com or call 1-888-553-3559 today.…
Defy gravity and take control of your practice! It’s time to break free from the corporate track and step into the world of Direct Primary Care. No more restrictions—just you, your patients, and the freedom to practice on your terms. Doctors, are you ready to rise? Today, we sat down with Dr. Marina Capella, an integrated pediatrician based in South Lake City, Utah. In 2021, she launched Healing Arts Pediatrics, a Direct Primary Care (DPC) practice designed to bring joy and freedom back into pediatric medicine. Dr. Capella shares her journey of breaking free from the constraints of insurance-based healthcare, the financial realities of launching a DPC, and how she empowers other pediatricians to rediscover their passion for medicine. Key Topics Covered: 1. Leaving Insurance-Based Healthcare Why Dr. Capella made the leap to DPC and never looked back. 2. The Flaws of Insurance-Based Care The frustrations and limitations that led her to seek a better model. 3. Burnout in Medicine Recognizing the signs and taking action to reclaim work-life balance. 4. The Financial Leap into DPC How she prepared financially to start her practice. 5. The Costs of Starting a DPC Breaking down the estimated expenses. 6. Path to Profitability How long it took for her practice to become financially sustainable. 7. Marketing and Community Building The biggest challenges in establishing a DPC practice. 8. Lessons Learned as a Pediatrician What she would do differently if she started over. 9. Empowering Other Pediatricians How she helps others find freedom in their medical careers. Resources Mentioned: DPCPediatrician.com DPC Pediatricians Podcast DPC Healing Arts Pediatrics Defying Healthcare Listener Takeaways: Why insurance-based healthcare may be holding doctors back. The real costs and timeline of starting a DPC practice. How to market and grow a successful DPC in your community. The importance of financial planning before making the leap. Connect with Us: Host: Dr. Disha Spath, The Frugal Physician Guest: Dr. Marina Capella , Co-Founder of Future Minority Doctor, Physician Owner of Healing Arts Pediatrics If you're a physician looking for more autonomy and fulfillment, this episode is a must-listen! This episode is sponsored by Reza & Sharif CPAs - They provide more than just tax returns and financial statements—they deliver strategic financial solutions tailored to your needs. Whether you're a business owner, physician, or investor, they help you navigate complex tax laws, maximize savings, and build long-term wealth. With expert tax planning, accounting, and advisory services, they ensure your finances work for you—not the other way around. Take control of your financial future today. Visit rezasharif.com to see how they can help. This episode is also sponsored by Set for Life Insurance – Providing more than just insurance policies—they deliver personalized coverage and expert guidance tailored to your needs. Whether you're looking for life, disability, or long-term care insurance, their team ensures you get the best protection at the most cost-effective rates. With priority underwriting, special discounts, and access to top-rated insurers, they make securing your future simple and stress-free. Take the next step in protecting what matters most. Visit setforlifeinsurance.com or call 1-888-553-3559 today.…
Welcome back to the Finding Financial Freedom Podcast with Dr. Disha Spath. Today, we’re joined by Amy Holbrook, Associate Program Director at Abbott Northwestern Internal Medicine Residency Program and Chair Elect of the National ACP Council. Dr. Amy is passionate about helping new attendings navigate the financial shifts that come with earning their first attending paycheck. In this episode, Dr. Amy shares how she got into financial wellness and the biggest financial mindset shifts that occur when transitioning from residency to attendingship. She breaks down key financial milestones, how to balance financial responsibilities while enjoying life, and strategies for building long-term financial stability. Key Topics Covered: 1. From Resident to Attending: The Financial Mindset Shift The biggest financial changes new attendings face. 2. Smart Saving Strategies What percentage of income new attendings should aim to save. What to do after maxing out a 401(k). 3. Balancing Lifestyle and Financial Responsibility Enjoying life while staying financially responsible. The importance of understanding retirement accounts. 4. Debt vs. Retirement Savings Should you focus on paying off debt or saving for retirement? 5. Insurance & Financial Planning Must-have insurance policies for new attendings. 6. Financial Education for New Attendings How Amy teaches residents to manage their first big paycheck. Resources Mentioned: Take-Home Paycheck Calculator Pearson Ravitz White Coat Investor Simple Path to Wealth Millionaire Life Next Door Listener Takeaways: The key financial shifts that occur when transitioning from resident to attending. How to build financial literacy and understand taxes. The best strategies for saving, investing, and balancing debt. Financial milestones every new attending should look out for. Connect with Us: Host: Dr. Disha Spath, The Frugal Physician Guest: Dr. Amy Holbrook If you're a new attending looking to take control of your finances, this episode is packed with actionable insights to help you build wealth and financial confidence. Tune in now! This episode is sponsored by Reza & Sharif CPAs - They provide more than just tax returns and financial statements—they deliver strategic financial solutions tailored to your needs. Whether you're a business owner, physician, or investor, they help you navigate complex tax laws, maximize savings, and build long-term wealth. With expert tax planning, accounting, and advisory services, they ensure your finances work for you—not the other way around. Take control of your financial future today. Visit rezasharif.com to see how they can help. This episode is also sponsored by Set for Life Insurance – Providing more than just insurance policies—they deliver personalized coverage and expert guidance tailored to your needs. Whether you're looking for life, disability, or long-term care insurance, their team ensures you get the best protection at the most cost-effective rates. With priority underwriting, special discounts, and access to top-rated insurers, they make securing your future simple and stress-free. Take the next step in protecting what matters most. Visit setforlifeinsurance.com or call 1-888-553-3559 today.…
In this episode of the Finding Financial Freedom Podcast, we sit down with Dr. Stephanie Pearson, a former physician turned disability insurance advocate. After experiencing firsthand the financial consequences of inadequate coverage, she now helps medical professionals secure the right disability insurance to protect their future. Stephanie breaks down the evolving landscape of disability insurance, explaining the challenges physicians face when applying for policies and how different carriers classify occupations. She also shares insights on state-specific policy variations and industry changes that could impact your financial security. Key Topics Covered: 1. From Physician to Advocate Dr. Pearson’s journey from clinical medicine to educating physicians on disability insurance. 2. Industry Shifts in Disability Insurance How the disability insurance market is evolving and what it means for you. 3. Understanding Occupational Classifications Why physicians often get pigeonholed into specific risk categories. 4. Physician-Friendly Insurance Carriers Are there companies offering better options for doctors? 5. State-by-State Policy Differences How disability insurance coverage and regulations vary depending on where you live. 6. Real-Life Impact of Disability Insurance A case study on how proper coverage changed a physician’s financial future. 7. Why Choose Pearson Ravitz? What sets Pearson Ravitz apart in helping physicians secure the right coverage. Resources Mentioned: Pearson Ravitz Listener Takeaways: Not all disability insurance policies are created equal—know your options. Occupational classification can affect your premiums and benefits. Choosing the right insurance carrier can make a significant difference in your coverage. State regulations may impact your policy terms and pricing. Connect with Us: Host: Dr. Disha Spath, The Frugal Physician Guest: Dr. Stephanie Pearson , CEO and Insurance Advisor This episode is sponsored by: PearsonRavitz – Helping physicians safeguard their most valuable assets.…
Welcome back to the Finding Financial Freedom Podcast with Dr. Disha Spath. Today we interviewed Kristin Wade, a registered nurse turned certified budget coach, to discuss how zero-based budgeting can transform your finances. In 2023, Kristin began working for MyBudgetCoach to help the world fall in love with budgeting. She trains and supports coaches to scale their businesses effectively. In this episode, Kristin shares her own journey from struggling with money to achieving financial stability—and how this budgeting method helped her break free from the paycheck-to-paycheck cycle. Kristin dives into the biggest financial challenges professionals face, the missing pieces in financial education, and how aligning your budget with your values can bring more freedom, stability, and control over your financial future. Key Topics Covered: 1. Why So Many People Struggle with Money Common financial pitfalls, even for high earners. 2. Kristin’s Journey from Nurse to Budget Coach How taking control of her finances changed her life. 3. The Biggest Gaps in Financial Education What most people never learn about managing money. 4. How Zero-Based Budgeting Works A simple but powerful system to take full control of your income. 5. Budgeting for Life’s Priorities How Kristin balanced financial goals while raising a family. 6. Spending with Purpose Why budgeting isn’t about restriction—it’s about freedom and choice. Resources Mentioned: My Budget Coach Good Energy by Casey Means Fiscal Bliss Financial Coaching Listener Takeaways: How to stop living paycheck to paycheck using zero-based budgeting. The key financial mistakes holding people back—and how to fix them. Why most of us never learn proper money management (and what to do about it). How aligning your budget with your values can bring stability and peace of mind. Connect with Us: Host: Dr. Disha Spath, The Frugal Physician Guests: Kristin Wade , Head of Engagement at MyBudgetCoach If you're ready to take control of your money and build a secure financial future, this episode is a must-listen! This episode is sponsored by Reza & Sharif CPAs - They provide more than just tax returns and financial statements—they deliver strategic financial solutions tailored to your needs. Whether you're a business owner, physician, or investor, they help you navigate complex tax laws, maximize savings, and build long-term wealth. With expert tax planning, accounting, and advisory services, they ensure your finances work for you—not the other way around. Take control of your financial future today. Visit rezasharif.com to see how they can help. This episode is also sponsored by Set for Life Insurance – Providing more than just insurance policies—they deliver personalized coverage and expert guidance tailored to your needs. Whether you're looking for life, disability, or long-term care insurance, their team ensures you get the best protection at the most cost-effective rates. With priority underwriting, special discounts, and access to top-rated insurers, they make securing your future simple and stress-free. Take the next step in protecting what matters most. Visit setforlifeinsurance.com or call 1-888-553-3559 today.…
In this episode of the Finding Financial Freedom Podcast, we interviewed Jamie Fleischner, founder of Set for Life Insurance, who has helped thousands of professionals secure the right disability coverage. If you’re a physician or high-earning professional, protecting your financial future is crucial—and disability insurance is a key part of that plan. Jamie breaks down the ins and outs of Guaranteed Standard Issue (GSI) Policies, explaining how they differ from traditional disability insurance and what you need to consider when choosing the best policy. From pricing and flexibility to common misconceptions, this episode is packed with valuable insights to help you make an informed financial decision. Key Topics Covered: 1. What is a Guaranteed Standard Issue Policy? Understanding how GSI policies differ from traditional disability insurance. 2. Who Qualifies for a GSI Policy? Why only certain programs offer them and what it means for you. 3. Own-Occupation Coverage Are GSI policies truly own-occupation, and why does it matter? 4. Premiums & Cost Comparisons How GSI policy premiums stack up against traditional underwritten disability insurance. 5. Exclusive Discounts & Group Benefits Are there special rates available for specific groups or organizations? 6. Gender-Based Rate Differences How disability insurance pricing differs for men and women. 7. Common Misconceptions About GSI Policies Clearing up myths that could impact your financial decisions. 8. Expert Advice on Choosing Disability Insurance Key takeaways for professionals planning to secure coverage. Resources Mentioned: Set For Life Insurance Website Rezasharif Website Listener Takeaways: GSI policies offer unique benefits and limitations. Group discounts and gender-based pricing can significantly impact your premiums. Flexibility matters—ensure your policy can adapt to your career growth. Understanding the fine print can save you from costly mistakes in the future. Connect with Us: Host: Dr. Disha Spath, The Frugal Physician Guests: Jamie Fleischner on LinkedIn Tune in now and get the expert insights you need to make the best financial decision for your future! This episode is sponsored by Reza & Sharif CPAs - They provide more than just tax returns and financial statements—they deliver strategic financial solutions tailored to your needs. Whether you're a business owner, physician, or investor, they help you navigate complex tax laws, maximize savings, and build long-term wealth. With expert tax planning, accounting, and advisory services, they ensure your finances work for you—not the other way around. Take control of your financial future today. Visit rezasharif.com to see how they can help. This episode is also sponsored by Set for Life Insurance – Providing more than just insurance policies—they deliver personalized coverage and expert guidance tailored to your needs. Whether you're looking for life, disability, or long-term care insurance, their team ensures you get the best protection at the most cost-effective rates. With priority underwriting, special discounts, and access to top-rated insurers, they make securing your future simple and stress-free. Take the next step in protecting what matters most. Visit setforlifeinsurance.com or call 1-888-553-3559 today.…
In this episode of the Finding Financial Freedom Podcast, Erik and Gelerie Stenbakken share the next chapter of their inspiring real estate journey. From saving for their dream home to transitioning into real estate investing, they reveal how they scaled from long-term rentals to a thriving short-term rental business. Discover how they built lasting relationships with vendors, optimized their systems, and found more time for family—all while pursuing financial freedom. Whether you’re starting out or looking to scale your real estate business, Erik and Gelerie’s experience is packed with actionable insights to help you achieve your own investing goals. Key Topics Covered: 1. Scaling Systems for Short-Term Rentals How they built efficient processes to manage multiple properties. 2. Optimizing Vendor Relationships The importance of building partnerships with trusted vendors and companies. 3. Short-Term vs. Long-Term Rentals The key differences and what to expect from each. 4. Family Time and Gaining Freedom Through REI How real estate investing gave them more quality time as a family. 5. The Value of Giving Back Why improving the lives of others is part of their mission. 6. Getting Started in Real Estate How to take your first step into real estate investing. 7. Professional Status & Property Management What it means to pursue real estate professional status and manage rental properties effectively. Resources Mentioned: BiggerPockets The Millionaire Next Door The Real Estate Pessimist Podcast Follow Erik’s Podcast Page on Instagram STR in an hour course Listener Takeaways: Systems and relationships are crucial for scaling your business. You don’t need a huge budget to get started—just a willingness to learn and take action. Short-term rentals offer unique opportunities but come with their own set of challenges. Prioritizing family and giving back can be key drivers of long-term success. Connect with Us: Host: Dr. Disha Spath, The Frugal Physician Guests: Dr. Gelerie and Erik Stenbakken Thank you for tuning in! Be sure to share this episode with anyone thinking about investing in real estate. This episode is sponsored by Reza & Sharif CPAs - They provide more than just tax returns and financial statements—they deliver strategic financial solutions tailored to your needs. Whether you're a business owner, physician, or investor, they help you navigate complex tax laws, maximize savings, and build long-term wealth. With expert tax planning, accounting, and advisory services, they ensure your finances work for you—not the other way around. Take control of your financial future today. Visit rezasharif.com to see how they can help. This episode is also sponsored by Set for Life Insurance – Providing more than just insurance policies—they deliver personalized coverage and expert guidance tailored to your needs. Whether you're looking for life, disability, or long-term care insurance, their team ensures you get the best protection at the most cost-effective rates. With priority underwriting, special discounts, and access to top-rated insurers, they make securing your future simple and stress-free. Take the next step in protecting what matters most. Visit setforlifeinsurance.com or call 1-888-553-3559 today.…
In this episode of The Finding Financial Freedom Podcast, we sit down with Dr. Gelerie, an anesthesiologist with 20 years in the medical field, and Erik, an expert in teaching, marketing, PR, and photography. Together, they share their journey into real estate—how they started, the challenges they faced, and the strategies they used to build a successful investment portfolio. From buying their first property to understanding market cycles, setting up systems, and shifting career paths, this conversation is packed with insights on making real estate work for us. Key Topics Covered: Getting Started in Real Estate How Dr. Gelerie and Erik transitioned from medicine and marketing into investing. Buying & Renting Their First Property Lessons learned from their first real estate deal. Understanding Market Cycles How real estate moves in cycles and why timing matters. Building Systems & Relationships for Long-Term Success The key to scaling a real estate business efficiently. Shifting Careers & Investing with Confidence How a mindset shift helped them navigate new opportunities. Investing creatively Creative financing strategies that work. Managing Rental Properties What property management really looks like behind the scenes. Resources Mentioned: Cashflow Quadrant by Robert Kiyosaki Rich Dad Poor Dad by Robert Kiyosak i BiggerPockets Short-Term Rental, Long-Term Wealth by Avery Carl EVOLVE Company Listener Takeaways: You don’t need a real estate background to get started—just the willingness to learn. Investing with little to no money down is possible with the right strategy. Systems and relationships are key to scaling in real estate. Connect with Us: Host: Dr. Disha Spath, The Frugal Physician Guests: Dr. Gelerie and Erik Stenbakken Thank you for tuning in! Be sure to share this episode with anyone thinking about investing in real estate. This episode is sponsored by Reza & Sharif CPAs - They provide more than just tax returns and financial statements—they deliver strategic financial solutions tailored to your needs. Whether you're a business owner, physician, or investor, they help you navigate complex tax laws, maximize savings, and build long-term wealth. With expert tax planning, accounting, and advisory services, they ensure your finances work for you—not the other way around. Take control of your financial future today. Visit rezasharif.com to see how they can help. This episode is also sponsored by Set for Life Insurance – Providing more than just insurance policies—they deliver personalized coverage and expert guidance tailored to your needs. Whether you're looking for life, disability, or long-term care insurance, their team ensures you get the best protection at the most cost-effective rates. With priority underwriting, special discounts, and access to top-rated insurers, they make securing your future simple and stress-free. Take the next step in protecting what matters most. Visit setforlifeinsurance.com or call 1-888-553-3559 today.…
In this episode of Finding Financial Freedom Podcast, Dr. Disha Spath sits down with Fritz Gilbert, founder of The Retirement Manifesto and award-winning blogger, to uncover the secrets of a successful retirement. Fritz shares how he planned his early retirement, built financial security, and navigated the emotional and relational aspects of this major life transition. Discover the strategies behind his three-year cash cushion, the bucket system for managing retirement spending, and how he handled investments during market downturns. Plus, get insights on Roth IRA conversions, the 72(t) rule, and why non-financial aspects of retirement are just as important as the numbers. Key Topics Covered: 1. Preparing for Early Retirement What inspired Fritz to retire early and how he planned for it. 2. Building a Three-Year Cash Cushion How cash reserves provide security in retirement. 3. Estimating Retirement Spending Using cash buckets to create a sustainable withdrawal strategy. 4. Investment Strategy During Market Downturns Did Fritz pause withdrawals during COVID? The 72(t) Rule Explained 5. How it allows penalty-free early retirement withdrawals. Roth IRA ConversionsTax-efficient strategies for long-term wealth. 6. Beyond Money The Emotional Side of Retirement Why relationships and purpose matter just as much as finances. 7. Avoiding Common Retirement Planning Mistakes Lessons from Fritz’s experience. Resources Mentioned: Keys to a Successful Retirement by Fritz Gilbert The Retirement Manifest Blog by Fritz Gilbert How to Retire by Christine Benz Listener Takeaways: Build a cash cushion to weather market downturns in retirement. Structure your retirement paycheck with a clear spending and withdrawal plan. Understand the key tax strategies, like Roth conversions and the 72(t) rule. Plan beyond finances—focus on relationships, purpose, and fulfillment. Connect with Us: Host: Dr. Disha Spath, The Frugal Physician Guest: Fritz Gilbert: Founder of The Retirement Manifesto Thank you for tuning in! Be sure to share this episode with anyone navigating student loan repayment. This episode is also sponsored by FacetWealth Discover how Facet is transforming financial planning for physicians with personalized, flat-fee financial planning—visit facet.com/frugalphysician to start building your financial future today.…
In this episode, we continue our insightful conversation with Dr. Josh Umbehr, founder of Atlas MD, to explore how Direct Primary Care (DPC) is transforming healthcare. From building a scalable electronic medical record (EMR) system to addressing the barriers of traditional insurance, Dr. Umbehr sheds light on the innovations making healthcare more accessible, affordable, and patient-focused. Dr. Umbehr also discusses the future of DPC, advice for physicians starting their own practices, and the importance of work-life balance. This episode is packed with actionable insights and practical advice for both healthcare professionals and patients seeking a better healthcare model. Key Topics Covered: 1. The Story Behind Atlas MD Discover the inspiration behind the creation of Atlas MD and how Dr. Josh built a platform that empowers DPC practitioners nationwide. Learn why building a fast and scalable EMR system was key to the success of Atlas MD. 2. Revolutionizing Healthcare Costs Understand why Dr. Umbehr believes the answer to affordable healthcare lies in not relying on insurance for routine care. 3. The Future of Direct Primary Care Gain insights into the next big challenges DPC could tackle and how it can reshape the healthcare landscape further. 4. Advice for Physicians Entering DPC Hear what Dr. Josh would tell physicians considering starting their own DPC practice and how they can overcome common challenges. 5. Managing Work-Life Balance in Medicine Learn how Dr. Umbehr prioritizes balance to maintain both professional and personal well-being. 6. Understanding Malpractice Insurance in DPC Get an overview of malpractice insurance costs for DPC practitioners and how it differs from traditional practices. Resources Mentioned: Cure That Works Risking Business: Why Insurance Companies Fail and What to Do About It Radical Candor Atlas MD Website Listener Takeaways: Understand how DPC is breaking barriers in healthcare through affordability and transparency. Learn practical steps to build a DPC practice that prioritizes the doctor-patient relationship. Discover the benefits of reducing reliance on insurance for routine care. Gain inspiration to innovate and create meaningful change in the healthcare system. Connect with Us: Host: Dr. Disha Spath, The Frugal Physician Guest: Dr. Josh Umbehr: Founder of Atlas MD and advocate for direct primary care. Follow him on LinkedIn Thank you for tuning in! Be sure to share this episode with anyone navigating student loan repayment. This episode is also sponsored by FacetWealth Discover how Facet is transforming financial planning for physicians with personalized, flat-fee financial planning—visit facet.com/frugalphysician to start building your financial future today.…
In this episode of the Finding Financial Freedom podcast, we sit down with Dr. Josh Umbehr, founder of Atlas MD and a pioneer in the field of direct primary care (DPC) , often referred to as "concierge medicine." With over 1,700 doctors nationwide on their platform, Atlas MD is revolutionizing the way healthcare is delivered, focusing on transparency, affordability, and rebuilding trust in the doctor-patient relationship. Dr. Umbehr shares his journey into medicine and the inspiration behind starting Atlas MD, offering valuable insights into how DPC differs from traditional primary care. He also dives into the importance of putting patients first and how this innovative model prioritizes the doctor-patient connection while reducing administrative burdens. This episode is packed with insights to help you understand this growing movement in healthcare. Stay tuned for part two! Key Topics Covered: 1. The Journey to Atlas MD Learn about Dr. Josh Umbehr's career path, what inspired him to innovate in the medical field, and how Atlas MD became a platform to support DPC practitioners nationwide. 2. What is Direct Primary Care (DPC)? Discover how DPC differs from traditional primary care. Understand why it’s often called the “Costco” of healthcare, with its focus on subscription-based, transparent, and affordable pricing. 3. Why Traditional Healthcare Models Are Losing Trust Explore the reasons behind the loss of trust in traditional healthcare systems. Learn how DPC fosters trust through fair, transparent pricing and personalized care. 4. A Revolutionary Approach to Billing Dive into the simplified billing process used in DPC, which allows doctors to spend more time with patients and less time navigating insurance red tape. 5. The Rise of the Doctor-Patient Relationship Understand why meaningful doctor-patient relationships are at the core of DPC and how this model enhances communication, trust, and outcomes. Resources Mentioned: Atlas MD Website Listener Takeaways: Gain a clear understanding of how DPC works and why it’s a game-changer for healthcare. Learn actionable steps to rebuild trust with patients through transparency and personalized care. Understand how doctors can reduce administrative burdens and prioritize patient care. Explore the potential of DPC to reshape the future of healthcare. Connect with Us: Host: Dr. Disha Spath, The Frugal Physician Guest: Dr. Josh Umbehr: Founder of Atlas MD and advocate for direct primary care. Follow him on LinkedIn Thank you for tuning in! Be sure to share this episode with anyone navigating student loan repayment. This episode is also sponsored by FacetWealth Discover how Facet is transforming financial planning for physicians with personalized, flat-fee financial planning—visit facet.com/frugalphysician to start building your financial future today.…
In this episode of Financial Freedom Podcast, join Dr. Disha Spath and guest, Dr. Mamta Kumar as they uncover how land investing can help you design a life that reflects your core values. Dr. Mamta shares her inspiring journey from medicine to real estate, the challenges she overcame, and how she’s empowering others, especially physicians, to achieve financial independence through this unique investment path. This episode is a must-listen for professionals seeking actionable insights on land investing, building passive income, and creating a purpose-driven lifestyle! Key Topics Covered: 1. From Medicine to Land Investing Discover how Dr. Mamta Kumar transitioned from her medical career to becoming a land investor. 2. Breaking Barriers in a Non-Traditional Career Path Explore how Dr. Mamta’s journey as an Indian female land investor is breaking stereotypes and inspiring others. 3. Investment Costs and Getting Started Understand what it took for Dr. Mamta to start land investing and how you can take the first step today. 4. Actionable Tips for Beginner Land Investors Dr. Mamta shares her best advice for those interested in entering the world of land investing. 5. Overcoming Roadblocks with County Regulations Learn strategies to navigate common challenges when working with counties. 6. Mentoring Physicians Toward Financial Freedom Discover how Dr. Mamta is empowering other professionals by teaching them how to achieve passive income through land investing. Resources Mentioned: Land.com BiggerPockets Realtor.com Rich Dad Poor Dad The Cashflow Quadrant Zillow Listener Takeaways: Avoid billing mistakes that lead to lost revenue. Track key metrics to improve your practice’s financial health. Build a sustainable practice with actionable daily habits. Leverage telemedicine to enhance patient care and grow your business. Understand the critical role of proper documentation in healthcare success. Connect with Us: Host: Dr. Disha Spath, The Frugal Physician Guest: Dr. Mamta Kumar: Follow her Website , Facebook , and Instagram Thank you for tuning in! Be sure to share this episode with anyone navigating student loan repayment. This episode is also sponsored by FacetWealth Discover how Facet is transforming financial planning for physicians with personalized, flat-fee financial planning—visit facet.com/frugalphysician to start building your financial future today.…
In this episode of The Frugal Physician, Dr. Heather Signorelli shares her expertise on managing the business side of medicine. As a board-certified pathologist, physician executive, and co-founder of NatRevMD, Dr. Signorelli has helped healthcare practices boost revenue by over 25%. She discusses how to build a sustainable private practice, avoid costly billing mistakes, and future-proof your operations with practical strategies. Perfect for healthcare professionals looking to optimize their practice, streamline billing, and thrive in today’s ever-changing medical landscape. Key Topics Covered: 1. Introduction: Mastering the Business of Medicine Learn how Dr. Heather Signorelli uses her extensive healthcare management expertise to help private practices thrive. 2. Meet Dr. Heather Signorelli: Innovator and Physician Leader Discover Dr. Signorelli’s journey from practicing pathologist to healthcare entrepreneur and co-founder of NatRevMD. 3. Avoiding Common Insurance Billing Mistakes Explore the most frequent billing errors and how to prevent them to protect your revenue cycle. 4. Tracking the Right Billing Metrics Uncover the top five metrics every private practice should monitor to boost financial performance. 5. Building a Sustainable Private Practice Dr. Signorelli shares practical tips for starting small, staying consistent, and building long-term success. 6. The Power of Proper Documentation Understand why detailed physician documentation is key to compliance and maximizing revenue. 7. Telemedicine Success in a Changing Landscape Learn how to implement telemedicine effectively and keep your practice ahead of the curve. Resources Mentioned: Thrive: Top 10 Ways to Boost Your Practice's Revenue by Dr. Heather Signorelli NatRevMD – Medical Billing Services NatRevMD - Telehealth Changes in 2025: What Physicians Need to Know Blog Modern Healthcare– Top 40 Under 40 Emerging Leaders Skool Course NatRevMD Podcast Listener Takeaways: Avoid billing mistakes that lead to lost revenue. Track key metrics to improve your practice’s financial health. Build a sustainable practice with actionable daily habits. Leverage telemedicine to enhance patient care and grow your business. Understand the critical role of proper documentation in healthcare success. Connect with Us: Host: Dr. Disha Spath, The Frugal Physician Guest: Dr. Heather Signorelli: Follow her Website , Facebook , and LinkedIn Email her at: info@natrevmd.com Thank you for tuning in! Be sure to share this episode with anyone navigating student loan repayment. This episode is also sponsored by FacetWealth Discover how Facet is transforming financial planning for physicians with personalized, flat-fee financial planning—visit facet.com/frugalphysician to start building your financial future today. This episode is also sponsored by Corporate Direct - Helping entrepreneurs and investors protect their assets and build real wealth. Corporate Direct also assists clients in meeting compliance requirements under the Corporate Transparency Act, ensuring federal reporting is handled with ease and accuracy.…
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Finding Financial Freedom with The Frugal Physician - Finance, Wellness, Budget, Student Loans, Wealth, Doctor, Fitness, Money
In this episode of the Financial Freedom Podcast, we welcome Doug Nordman, a retired U.S. Navy submariner, author, and financial independence advocate. Doug shares his inspiring journey to early retirement, practical tips for frugal living, and strategies for raising financially literate kids to prepare them for a life of financial stability. This episode is perfect for anyone looking to achieve financial independence, learn how to live a debt-free lifestyle, break free from overconsumption, and build generational wealth while adopting habits for long-term financial success. If you're starting your journey toward retirement planning this episode is a must listen. Key Topics Covered: 1. Doug Nordman’s Journey to Financial Independence Discover how Doug retired early through strategic financial planning and disciplined living. 2. Frugal Living Without Feeling Deprived Understand how intentional spending can lead to a fulfilling life without financial stress. 3. Striking the Balance Between Saving and Living Doug explains how to enjoy life while staying committed to your financial goals. 4. Teaching Kids Financial Literacy Early Learn how to introduce money concepts, allowances, and chores to teach your kids the value of frugality and smart money habits. 5. Doug’s Approach to Giving Back Explore Doug’s thoughtful donation strategies and how generosity can enrich your financial journey. 6. Tackling Overconsumption and Hyper Consumerism Get tips on resisting societal pressures to overspend and focusing on value-driven living. 7. Achieving Fulfillment Through Retirement Doug’s journey to achieving fulfillment through his retirement. Resources Mentioned: The Military Guide to Financial Independence and Retirement (Doug’s book) Raising Your Money-Savvy Family for Next Generation Financial Independence Listener Takeaways: Achieve financial independence with practical, actionable strategies. Balance frugal living with enjoying life’s pleasures. Equip your children with lifelong money skills. Avoid overconsumption and focus on intentional spending. Connect with Us: Host: Dr. Disha Spath, The Frugal Physician Guest: Doug Nordman: Author, speaker, and advocate for financial independence Email him at: nords@gmail.com Thank you for tuning in! Be sure to share this episode with anyone navigating student loan repayment. This episode is also sponsored by FacetWealth Discover how Facet is transforming financial planning for physicians with personalized, flat-fee financial planning—visit facet.com/frugalphysician to start building your financial future today. This episode is also sponsored by Corporate Direct - Helping entrepreneurs and investors protect their assets and build real wealth. Corporate Direct also assists clients in meeting compliance requirements under the Corporate Transparency Act, ensuring federal reporting is handled with ease and accuracy.…
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Finding Financial Freedom with The Frugal Physician - Finance, Wellness, Budget, Student Loans, Wealth, Doctor, Fitness, Money
In this inspiring episode of the Finding Financial Freedom Podcast, guest Dr. Dawn Baker—physician, writer, speaker, and coach—shares her transformative journey from relentless achievement to finding work-life balance. After facing a cancer diagnosis, Dawn redefined her career and personal priorities, aligning her work with her “freedom values.” Join us as she unpacks the widespread burnout in the medical world, her motivation to challenge the "lean in" mindset, and how embracing a more intentional life can lead to greater fulfillment. With insights from her book Lean Out and her personal story, Dawn offers practical advice for professionals looking to escape the burnout cycle and create a meaningful balance between career and life. Key Topics Covered: 1. Challenging the “Lean In” Mentality Why Dawn advocates for a shift away from the relentless pursuit of growth and achievement. 2. Burnout in the Medical Profession The systemic issues driving physician burnout and how to address them. 3. Dawn Baker’s Personal Burnout and Recovery Her journey from high work demands to finding work-life balance. 4. Aligning Your Work with Freedom Values Steps to build a career that reflects your personal values and priorities. 5. Educational and Inspirational Insights from her book Lean Out Lessons and actionable tips from Dawn’s book that resonate across industries. Resources Mentioned: Lean Out by Dawn Baker The Lean Out Podcast with Dawn Baker Practice Balance Website Lean Out Confidence Course Listener Takeaways: Recognize the signs of burnout and take actionable steps toward recovery. Learn how aligning your values with your work can lead to sustainable success. Gain inspiration to challenge societal expectations and create your unique path. Connect with Us: Host: Dr. Disha Spath, The Frugal Physician Guest: Dr. Dawn Baker, Author of Lean Out Follow Dawn on Facebook , Twitter , Instagram and LinkedIn for updates on her journey and her podcast episodes. Thank you for tuning in! Be sure to share this episode with anyone navigating student loan repayment. This episode is also sponsored by FacetWealth Discover how Facet is transforming financial planning for physicians with personalized, flat-fee financial planning—visit facet.com/frugalphysician to start building your financial future today. This episode is also sponsored by Corporate Direct - Helping entrepreneurs and investors protect their assets and build real wealth. Corporate Direct also assists clients in meeting compliance requirements under the Corporate Transparency Act, ensuring federal reporting is handled with ease and accuracy.…
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Finding Financial Freedom with The Frugal Physician - Finance, Wellness, Budget, Student Loans, Wealth, Doctor, Fitness, Money
In this episode of Finding Financial Freedom Podcast, join Dr. Disha Spath and Prisca Benson, a nurse and money coach, as they explore the path to financial freedom and teach you ways on how to take charge of your own money. Prisca shares how she turned debt into $370K in investments, simplified budgeting, and overcame financial anxiety. Discover practical tips for debt repayment, mindful spending, and using money as a tool for intentional living. Perfect for professionals seeking actionable advice to take control of their finances and build lasting wealth! Key Topics Covered: 1. Introduction: A Journey to Financial Freedom Discover how Dr. Disha Spath and special guest Prisca Benson share actionable tips to conquer debt and embrace mindful spending. 2. Meet Prisca Benson: From Debt to $370K in Investments Learn Prisca’s inspiring journey and the mindset shifts that transformed her financial life. 3. Actionable Steps to Start Your Financial Journey Today Prisca’s four-step framework (Assess, Streamline, Apply, Reassess) simplifies financial planning for everyone. 4. Maximize Your Savings with Points and Miles Tips and tricks for using credit card rewards responsibly to travel the world for less. 5. Budgeting with Joy: How to Balance Living and Saving Practical advice on creating budgets that help you enjoy life while achieving financial goals. 6. Overcoming Financial Anxiety: Start Small, Think Big Strategies for overcoming money fears and taking control of your finances. 7. Rapid-Fire Insights: Prisca’s Fun and Quirky Money Habits Get to know Prisca better with lighthearted rapid-fire questions about her money-saving hacks and inspirations. Resources Mentioned: Corporate Direct Website – Asset protection services Facet Our Green Life – Prisca’s platform for personalized money coaching Her Money Podcast and Choose FI Podcast Listener Takeaways: Begin your financial journey with a clear and actionable plan. Create stress-free budgets that allow you to enjoy life while saving. Overcome financial anxiety by starting small and thinking big. Use points and miles strategically to maximize travel savings. Shift your mindset to see money as a tool for intentional living. Connect with Us: Host: Dr. Disha Spath, The Frugal Physician Guest: Prisca Benson: Founder of Our Green Life Follow us on Instagram, Facebook, and Twitter for updates on upcoming episodes. Thank you for tuning in! Be sure to share this episode with anyone navigating student loan repayment. This episode is sponsored by: PearsonRavitz – Helping physicians safeguard their most valuable assets. This episode is also sponsored by FacetWealth Discover how Facet is transforming financial planning for physicians with personalized, flat-fee financial planning—visit facet.com/frugalphysician to start building your financial future today. This episode is also sponsored by Corporate Direct - Helping entrepreneurs and investors protect their assets and build real wealth. Corporate Direct also assists clients in meeting compliance requirements under the Corporate Transparency Act, ensuring federal reporting is handled with ease and accuracy.…
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Finding Financial Freedom with The Frugal Physician - Finance, Wellness, Budget, Student Loans, Wealth, Doctor, Fitness, Money
In this episode of Finding Financial Freedom, Dr. Disha Spath sits down with Dr. Carla Rotering, a renowned pulmonologist and leadership coach, to explore her inspiring journey as a woman physician navigating the challenges of medicine, motherhood, and financial freedom. Dr. Carla shares invaluable insights on how she overcame burnout, rebuilt her career with a renewed sense of purpose, and took control of her finances—while also being a compassionate leader and role model in the medical field. From understanding how to achieve financial independence to redefining success and balance, Dr. Carla’s experience offers actionable advice for women in medicine looking to transform their careers and lives. If you're a physician facing burnout, seeking leadership guidance, or aiming for work-life balance and financial freedom, this episode will inspire you to take control of your career and life transformation. Key Topics Covered: 1. Thriving as a Woman in Medicine Dr. Carla discusses her journey from the railroad tracks to critical care and how women in medicine can thrive by redefining their approach to work, life, and success. 2. Leadership in Medicine Learn how Dr. Carla's leadership coaching has helped other healthcare professionals unlock their potential and manage the pressures of the medical field. 3. Financial Freedom for Women Physicians Dr. Carla shares her strategies for managing finances, building wealth, and achieving financial independence as a woman in a demanding profession. 4. Overcoming Burnout in Your Field Dr. Carla talks about recognizing the signs of burnout and how she not only survived but thrived by implementing leadership techniques and prioritizing self-care. 5. Balancing Family and Critical Care How Dr. Carla navigates her role as a mother while working in pulmonary critical care, offering insights for other women juggling careers and family life. 6. Building a Practice and Career Transformation Discover the steps Dr. Carla took to build her own practice and create a thriving career without sacrificing her personal well-being. 7. Financial Management for Single Moms in Medicine Dr. Carla offers advice to single mothers in medicine, sharing how she successfully balanced her professional responsibilities with financial management. Resources Mentioned: Dr. Carla’s Leadership Coaching Program Transforming You Events Listener Takeaways: Learn how to achieve financial freedom and wealth-building as a woman physician. Gain practical tips on managing burnout and creating a sustainable work-life balance. Understand the steps to take control of your career and finances as a woman in medicine. Discover how leadership can redefine success and help you thrive in both your personal and professional life. Connect with Us: Host: Dr. Disha Spath, The Frugal Physician Guest: Dr. Carla Rotering, Renowned Pulmonologist & Leadership Coach Follow us on Instagram, Facebook, and Twitter for updates on upcoming episodes. Thank you for tuning in! Be sure to share this episode with anyone navigating student loan repayment. This episode is sponsored by: PearsonRavitz – Helping physicians safeguard their most valuable assets. This episode is also sponsored by FacetWealth – Discover how Facet is transforming financial planning for physicians with personalized, flat-fee financial planning—visit facet.com/frugalphysician to start building your financial future today. This episode is also sponsored by Corporate Direct - Helping entrepreneurs and investors protect their assets and build real wealth. Corporate Direct also assists clients in meeting compliance requirements under the Corporate Transparency Act, ensuring federal reporting is handled with ease and accuracy.…
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Finding Financial Freedom with The Frugal Physician - Finance, Wellness, Budget, Student Loans, Wealth, Doctor, Fitness, Money
In this episode of Finding Financial Freedom, Dr. Disha Spath welcomes Ted Sutton, a licensed attorney with Corporate Direct, and Garrett Sutton, founder of Corporate Direct and the Sutton Law Center, to discuss how physicians and professionals can take control of their financial futures. From forming LLCs to avoiding tax pitfalls, Ted and Garrett break down the essentials of asset protection, business entity management, and legal compliance in an engaging and practical conversation. With over 14,000 clients served and multiple bestselling books, Garrett Sutton brings decades of experience to help doctors secure their personal and professional assets. If you're thinking about starting a private practice or just looking to safeguard your wealth through asset protection strategies, this episode is the perfect guide. Key Topics Covered: 1. Why Physicians Need Asset Protection Learn why it’s crucial to protect not just your practice but your personal assets, and how business entities can shield your wealth. 2. The Essentials of Setting Up an LLC Step-by-step guidance on forming an LLC, understanding the “continuity of obligation,” and ensuring it’s done right from the start. 3. Maintaining Compliance with the Corporate Transparency Act How this new law affects business owners and what you need to do to stay compliant. 4. Avoiding Common LLC Pitfalls From neglected paperwork to improper renewals, discover the most common mistakes that can jeopardize your LLC—and how to avoid them. 5. Garrett Sutton’s Expertise in Asset Protection Insights from Garrett’s bestselling books (Start Your Own Corporation, Loopholes of Real Estate) and decades of experience helping professionals secure their financial futures. Resources Mentioned: PearsonRavitz Rich Dad Poor Dad by Robert Kiyosaki Veil not Fail by Garrett Sutton Start Your Own Corporation, Loopholes of Real Estate by Garett Sutton Corporate Direct Website Sutton Law Center Listener Takeaways: Understand why forming an LLC is essential for protecting both your medical practice and personal assets. Learn the critical steps to setting up and maintaining a compliant business entity under the Corporate Transparency Act. Avoid common mistakes in LLC management and ensure your financial and legal safeguards are rock solid. Connect with Us: Host: Dr. Disha Spath, The Frugal Physician Guests: Garett Sutton, founder of Corporate Direct Atty. Ted Sutton of Corporate Direct Follow us on Instagram, Facebook, and Twitter for updates on upcoming episodes. Thank you for tuning in! Be sure to share this episode with anyone navigating student loan repayment. This episode is sponsored by: PearsonRavitz – Helping physicians safeguard their most valuable assets. This episode is also sponsored by FacetWealth – Discover how Facet is transforming financial planning for physicians with personalized, flat-fee financial planning—visit facet.com/frugalphysician to start building your financial future today.…
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Finding Financial Freedom with The Frugal Physician - Finance, Wellness, Budget, Student Loans, Wealth, Doctor, Fitness, Money
In this episode of Finding Financial Freedom, author and entrepreneur David Barnett navigates the ins and outs of buying, running, and selling small to medium sized businesses. With years of hands-on experience, David offers insights designed to explain the complexities of entrepreneurship, empowering listeners to approach each stage of business ownership with confidence and clarity. David dives deep into the critical factors that affect business value, including financial health, market trends, and industry conditions. He provides a roadmap for both buyers and sellers, guiding them on how to realistically assess value and negotiate profitable deals. With expert advice on financing, hiring strategies, lead generation, and sales processes, David shows entrepreneurs, including physicians, how to increase profitability and prepare for successful business transitions. Key Topics Covered: 1. Common Reasons for Selling Over the years, David has identified the most common reasons entrepreneurs choose to sell their businesses, providing valuable insight into the decision-making process. 2. Tips on Valuing a Business David breaks down the key factors that go into assessing a business’s worth, including financial health, market trends, and industry conditions, offering clarity for those looking to buy or sell. 3. The First Steps in Buying a Business For potential buyers, David outlines the crucial first steps to take when considering a business purchase, ensuring they start on the right track. 4. Opportunities and Risks During a Recession David discusses the pros and cons of buying businesses during economic downturns or distressed periods like COVID-19, highlighting key opportunities and risks. 5. Maximizing Sale Value David explains why most businesses sell for less than expected and offers practical tips for business owners to maximize their sale value and secure a better deal. 6. Increasing the Value of a Medical Practice David provides actionable advice on how physicians can make their practices more valuable, helping them prepare for a successful sale. Resources Mentioned: How To Sell My Own Business by David Barnett Join his list on: https://www.DavidCBarnettList.com David Barnett’s YouTube channel: https://www.youtube.com/channel/UCbR8hQfFxBI4Idh4Zw65yZQ David Barnett’s Website: https://www.DavidCBarnett.com Listener Takeaways: Learn how to assess a business’s value by considering financial health, market trends, and industry conditions. Discover practical tips to increase your business's sales value and secure a more profitable deal. Gain insights into the opportunities and risks of buying businesses during economic downturns, like recessions or a pandemic. Connect with Us: Host: Dr. Disha Spath, The Frugal Physician Guest: David Barnett, Small Business Follow us on Instagram, Facebook, and Twitter for updates on upcoming episodes. Thank you for tuning in! Be sure to share this episode with anyone navigating student loan repayment. This episode is sponsored by: PearsonRavitz – Helping physicians safeguard their most valuable assets. This episode is also sponsored by FacetWealth – Discover how Facet is transforming financial planning for physicians with personalized, flat-fee financial planning—visit facet.com/frugalphysician to start building your financial future today.…
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Finding Financial Freedom with The Frugal Physician - Finance, Wellness, Budget, Student Loans, Wealth, Doctor, Fitness, Money
In this comprehensive episode of Finding Financial Freedom with The Frugal Physician, Dr. Disha Spath hosts Travis Hornsby, founder and CEO of Student Loan Planner, to explore the current landscape of student loans and repayment strategies for high-debt professionals. With over $800 million in student loans consulted on, Travis is an authority on loan repayment and shares crucial insights on navigating Public Service Loan Forgiveness (PSLF), recent policy changes, and strategies for repayment that every physician, professional, and student loan borrower needs to know. Discover how changes in student loan policies under the Trump, Obama, and Biden administrations have reshaped the repayment landscape and what potential policy shifts could mean for borrowers in the coming years. Travis also discusses methods to optimize PSLF eligibility, the pros and cons of refinancing, and the best strategies for long-term financial freedom despite student loan debt. Key Topics Covered: Travis Hornsby’s Journey & Student Loan Planner’s Mission Travis’s background in finance and bond trading at Vanguard, his journey to starting Student Loan Planner, and why he’s dedicated his career to helping borrowers navigate complex student loan systems. Public Service Loan Forgiveness (PSLF): From Inception to Transformation How PSLF has evolved since its inception in 2007, including challenges under the Trump administration and impactful changes introduced by President Biden. Changes in Income-Driven Repayment (IDR) Plans Overview of the original income-driven repayment options (PAYE, REPAYE, IBR, ICR) and how Biden’s new SAVE plan replaced REPAYE with enhanced interest subsidies. Potential Pitfalls & Common Mistakes in Repayment Plans How to avoid costly missteps when selecting a repayment plan, including considerations around PSLF qualification, income certification, and timing of tax filings. Navigating Political and Legal Challenges in Student Loan Policies Insights into current legal challenges to the SAVE plan and potential impacts of future policy changes on IDR options for physicians and other borrowers. Refinancing vs. Forgiveness Travis outlines when it’s beneficial to refinance your loans versus staying on a PSLF track, with practical advice for borrowers based on debt-to-income ratio and financial goals. Resources Mentioned: Student Loan Planner for calculators, tools, and professional consultations. Travis’s Books: Managing Your Money in Your Twenties and Thirties and 25 is the New 65: How to Retire Outrageously Early. Listener Takeaways: Gain a better understanding of student loan repayment plans and forgiveness options. Learn the strategies for managing student loans amidst political upheaval and legal challenges. Understand when refinancing makes sense versus sticking with PSLF or other forgiveness options. Connect with Us: Host: Dr. Disha Spath, The Frugal Physician Guest: Travis Hornsby, CFA, CFP, Student Loan Planner Follow us on Instagram, Facebook, and Twitter for updates on upcoming episodes. Thank you for tuning in! Be sure to share this episode with anyone navigating student loan repayment. This episode is sponsored by: PearsonRavitz – Helping physicians safeguard their most valuable assets. This episode is also sponsored by FacetWealth – Discover how Facet is transforming financial planning for physicians with personalized, flat-fee financial planning—visit facet.com/frugalphysician to start building your financial future today.…
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Finding Financial Freedom with The Frugal Physician - Finance, Wellness, Budget, Student Loans, Wealth, Doctor, Fitness, Money
Hosted by: Dr. Disha Spath Guest: Sean Mullaney, Advice-Only Financial Planner and Author of The Solo 401k: The Solopreneur’s Retirement Account This episode is sponsored by PearsonRavitz – Helping physicians safeguard their most valuable assets. This episode is also sponsored by FacetWealth – Discover how Facet is transforming financial planning for physicians with personalized, flat-fee financial planning—visit facet.com/frugalphysician to start building your financial future today. Episode Highlights: Introduction: Dr. Disha Spath welcomes listeners back and introduces Sean Mullaney, President of Mullaney Financial and Tax Inc, a fee-only financial planner and tax advisor for self-employed individuals and small business owners. About Sean Mullaney: Sean shares his background, transitioning from a career in corporate tax planning to launching an advice-only financial planning firm. He discusses his award-winning blog, FITaxGuy.com, and his book The Solo 401k: The Solopreneur’s Retirement Account, which has become a valuable resource on tax planning for freelancers and independent contractors. Sean’s Financial Journey: Sean discusses his passion for personal financial planning and his motivation to help small business owners and entrepreneurs maximize their savings through tax-efficient retirement strategies. Understanding the Solo 401k: Sean explains the structure and benefits of the solo 401k for self-employed retirement planning, highlighting its differences from traditional 401ks and IRAs. This retirement option is designed for self-employed professionals, including “physicians with side gigs” and “freelancers,” offering flexibility in contributions and investment options. Combining W-2 Employment with Side Hustles: Sean offers strategies for combining a solo 401k with retirement planning for 1099 income when you have both W-2 earnings and independent contracting income, helping listeners maximize their retirement contributions. Alternatives to the Solo 401k: Sean reviews other self-employed retirement plans, including SEP IRAs, Simple IRAs, and Defined Benefit Plans, explaining the pros and cons of each option based on business income, structure, and goals. The Backdoor Roth IRA Strategy: Sean explains the solo 401k’s compatibility with the backdoor Roth IRA strategy for high-income earners, allowing listeners to bypass the pro-rata rule and make tax-free contributions without triggering extra tax burdens. Rollover Strategies for Former Employer 401ks: Sean provides retirement rollover options for managing a previous employer’s 401k. He explores the options of leaving it where it is, rolling it over to a traditional IRA, or moving it to a solo 401k, with insights on tax benefits, fees, and creditor protection. Future of Retirement Savings for Entrepreneurs: Sean shares his perspective on the trend toward Roth accounts, the tax outlook for retirees, and the impact of political dynamics on future retirement tax planning. Where to Find Sean Mullaney: Sean invites listeners to explore his blog, FITaxGuy.com, for insights on tax planning for financial independence and to check out his YouTube channel, featuring weekly personal finance videos for practical financial advice. Key Takeaways: Solo 401k Benefits for Self-Employed Individuals: Solo 401ks offer higher contribution limits, greater flexibility in investment choices, and significant tax advantages for self-employed professionals and side hustlers. Combining Retirement Accounts for Physicians and Entrepreneurs: Professionals with both W-2 income and 1099 earnings can leverage multiple retirement accounts to maximize tax-advantaged savings. Backdoor Roth IRA Advantages: A solo 401k allows high-income earners to implement a backdoor Roth IRA strategy while avoiding pro-rata rule issues, making it especially valuable for physicians with 1099 income. 401k Rollover Considerations for Solopreneurs: Carefully weigh rollover options for former employer 401ks, focusing on factors like fees, tax rules, and creditor protection. Recommended Resources: The Solo 401k: The Solopreneur’s Retirement Account by Sean Mullaney Sean’s blog: FITaxGuy.com – Covering “tax planning for financial independence” topics. Sean’s YouTube channel: Sean Mullaney Videos Thank you for tuning in to Finding Financial Freedom with The Frugal Physician! If you enjoyed this episode, please subscribe, rate, and share it with your colleagues. Stay frugal and financially free! The discussion is intended to be for general educational purposes and is not tax, legal, or investment advice for any individual. Disha and the Finding Financial Freedom with The Frugal Physician podcast do not endorse Sean Mullaney, Mullaney Financial & Tax, Inc. and their services. Guest appearances on the podcast do not constitute their endorsement of any sponsors of the Finding Financial Freedom with The Frugal Physician podcast.…
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Finding Financial Freedom with The Frugal Physician - Finance, Wellness, Budget, Student Loans, Wealth, Doctor, Fitness, Money
In this episode of Finding Financial Freedom with The Frugal Physician, host Dr. Disha Spath sits down with Dr. Jordan Grumet, a distinguished physician and the creator of the award-winning Earn & Invest podcast. Together, they explore Dr. Grumet’s latest book, The Purpose Code, which provides an inspiring and practical guide for those seeking to lead a more meaningful life. Through thoughtful conversation, they delve into "purpose anxiety," the contrast between "big P" and "little p" purpose, and the relationship between financial independence and personal fulfillment. This episode is sponsored by PearsonRavitz – Helping physicians safeguard their most valuable assets. This episode is also sponsored by FacetWealth – Discover how Facet is transforming financial planning for physicians with personalized, flat-fee financial planning—visit facet.com/frugalphysician to start building your financial future today. Highlights and Key Takeaways: Defining Purpose Dr. Grumet introduces the concept of "big P" purpose—often associated with society's grand expectations, like achieving massive goals and material success—which can lead to disappointment and anxiety. Contrastingly, "little p" purpose emphasizes finding joy in everyday processes, focusing on personal agency, and cultivating happiness through meaningful, small actions. The Paradox of Purpose and Anxiety Studies show that while having a purpose is linked to longevity and happiness, up to 91% of people experience "purpose anxiety" at some point. Dr. Grumet discusses how societal pressures shape unrealistic expectations, creating a disconnect between achievable happiness and purpose. The Role of Purpose in Financial Independence (FI) Dr. Grumet reflects on the FIRE (Financial Independence, Retire Early) movement and how a rush toward financial goals can lead to dissatisfaction. He emphasizes that finances should support a purpose-driven life rather than serve as the ultimate goal. Building a Purposeful Financial Framework Dr. Grumet advises on the importance of aligning financial goals with purpose, allowing money to act as a tool that supports one’s personal "purpose anchors." Examples include pursuing passions alongside work and taking a "slow-FIRE" approach to financial freedom. Exploring Regrets and Legacy Dr. Grumet shares stories from his work in hospice, revealing how end-of-life reflections often center on missed opportunities for joy rather than financial accomplishments. He encourages listeners to identify and act on their unique purpose anchors, ensuring a legacy of personal impact rather than material wealth. Practical Exercises for Identifying Purpose Anchors Dr. Grumet offers practical advice on exploring and building purpose anchors, including exercises from The Purpose Code that help readers focus on the values and activities that bring them true joy. Final Thoughts on Purpose and Happiness Dr. Grumet concludes with a reminder that purpose should be abundant and anxiety-free. By focusing on what truly matters in life, we can find happiness in both the journey and the outcomes. Resources Mentioned: The Purpose Code by Dr. Jordan Grumet – Available January 2025 Earn & Invest Podcast – Hosted by Dr. Jordan Grumet Taking Stock by Dr. Jordan Grumet Quotes: “Purpose comes before money, and purpose is abundant. Embrace it; it’s supposed to be low-stakes and fulfilling.” – Dr. Jordan Grumet Connect with Us: Host: Dr. Disha Spath – The Frugal Physician Guest: Dr. Jordan Grumet – Earn & Invest Podcast Call to Action:If you enjoyed today’s episode, don’t forget to subscribe, share, and leave us a review. Join us next time as we continue exploring the intersection of finance, happiness, and purpose. Until then, stay purposeful and financially free! ----------- Please note: The content shared on the podcast is for informational purposes only and should not be considered individualized financial advice. It is essential to consult with professionals such as accountants, financial advisors, or attorneys to receive personalized guidance based on your specific needs.…
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Finding Financial Freedom with The Frugal Physician - Finance, Wellness, Budget, Student Loans, Wealth, Doctor, Fitness, Money
In this episode, Dr. Disha Spath discusses heart health and stress management with cardiologist Dr. Disha Mookherjee. Dr. Mookherjee shares insights into reducing stress and preventing heart disease through meditation, spiritual wellness, and holistic approaches. Rooted in personal experiences and 20 years of practice, she reveals actionable techniques to manage stress and build resilience, offering practical guidance for healthcare professionals and individuals aiming to improve heart health naturally. Trigger alert: Infant death This episode is sponsored by PearsonRavitz – Helping physicians safeguard their most valuable assets. This episode is also sponsored by FacetWealth – Discover how Facet is transforming financial planning for physicians with personalized, flat-fee financial planning—visit facet.com/frugalphysician to start building your financial future today. —--- If you enjoyed the show, find and follow Dr. Disha everywhere else: Twitter Website Facebook The Frugal Physician’s Facebook Group YouTube ----------- Please note: The content shared on the podcast is for informational purposes only and should not be considered individualized financial advice. It is essential to consult with professionals such as accountants, financial advisors, or attorneys to receive personalized guidance based on your specific needs.…
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Finding Financial Freedom with The Frugal Physician - Finance, Wellness, Budget, Student Loans, Wealth, Doctor, Fitness, Money
In this episode of Finding Financial Freedom with The Frugal Physician, Dr. Spath is joined by Dr. Rikki Racela, a neurologist based in Englewood, NJ. Dr. Racela shares his journey from financial illiteracy to financial empowerment, discussing the mistakes he made early in his career—like falling into the trap of whole life insurance, pushed by a financial advisor friend. After discovering a love of personal finance, he turned his financial life around and now advocates for financial literacy among his colleagues and students. Together, Dr. Spath and Dr. Racela dive into how to pick the right financial advisor and, most importantly, how to avoid being ripped off by one. Learn how to spot red flags, avoid financial predators, and make informed decisions that will help secure your financial future. Don't miss this invaluable episode full of firsthand insights and tips to protect your wealth! This episode is sponsored by PearsonRavitz – Helping physicians safeguard their most valuable assets. This episode is also sponsored by FacetWealth – Discover how Facet is transforming financial planning for physicians with personalized, flat-fee financial planning—visit facet.com/frugalphysician to start building your financial future today. —--- If you enjoyed the show, find and follow Dr. Disha everywhere else: Twitter Website Facebook The Frugal Physician’s Facebook Group YouTube ----------- Please note: The content shared on the podcast is for informational purposes only and should not be considered individualized financial advice. It is essential to consult with professionals such as accountants, financial advisors, or attorneys to receive personalized guidance based on your specific needs.…
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Finding Financial Freedom with The Frugal Physician - Finance, Wellness, Budget, Student Loans, Wealth, Doctor, Fitness, Money
Dr. Disha welcomes Sammi Sosa Norman, founder of Skate2Wealth, to discuss her inspiring journey from financial struggle to financial freedom. Growing up in a low-income household, Sammi witnessed firsthand the challenges of money management. Despite accumulating over $150,000 in student loan debt and initially living paycheck-to-paycheck as a journalist, she managed to pay off her debt through side hustles and strategic investing. Now, a full-time stock market trader, Sammi shares her approach to making finance accessible and fun. She breaks down complex concepts like growth vs. value stocks and explains her journey into teaching financial literacy. Her goal? To help others, especially women and underrepresented groups, feel empowered to take charge of their financial futures. Bio Sammi Sosa Norman is the founder of Skate2Wealth, a financial literacy platform designed to make money management and investing accessible for everyone. With a background in journalism, Sammi has spent years uncovering stories and delivering news, but her own journey toward financial empowerment led her to shift careers. Today, she is known as the “Investment Bestie” who offers easy-to-understand courses, workshops, and resources on stock trading and personal finance. Having overcome $150,000 in student loan debt herself, Sammi is passionate about teaching others how to achieve long-term financial success, break free from the paycheck-to-paycheck cycle, and build a future of wealth and independence. When she’s not educating others on money, she can be found roller-skating around the Bay Area, promoting financial freedom one glide at a time. This episode is sponsored by PearsonRavitz – Helping physicians safeguard their most valuable assets. This episode is also sponsored by FacetWealth – Discover how Facet is transforming financial planning for physicians with personalized, flat-fee financial planning—visit facet.com/frugalphysician to start building your financial future today. —--- If you enjoyed the show, find and follow Dr. Disha everywhere else: Twitter Website Facebook The Frugal Physician’s Facebook Group YouTube ----------- Please note: The content shared on the podcast is for informational purposes only and should not be considered individualized financial advice. It is essential to consult with professionals such as accountants, financial advisors, or attorneys to receive personalized guidance based on your specific needs.…
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Finding Financial Freedom with The Frugal Physician - Finance, Wellness, Budget, Student Loans, Wealth, Doctor, Fitness, Money
Saving for college can feel like a daunting challenge for many parents, especially with tuition costs rising faster than inflation. In this episode, Dr. Disha breaks down a variety of college savings options and discusses the pros and cons of each, along with their impact on financial aid eligibility. From the popular 529 plans and prepaid tuition options to less common choices like Coverdell ESAs and custodial accounts, she provides a comprehensive guide to help parents make informed decisions about funding their child’s education. Dr. Disha also emphasizes the importance of balancing college savings with retirement goals, ensuring that parents don’t jeopardize their own financial future. With actionable steps and insights, she empowers listeners to build a college savings plan that fits their unique family situation. Top 4 Takeaways: Start Early & Automate: Begin saving ASAP and set up automatic contributions to take advantage of compounding interest. Use 529 Plans as a Go-To: 529 Plans offer great tax benefits and flexibility for most families. Compare state options for the best fit. Diversify Savings Vehicles: Consider using a mix of 529s, brokerage accounts, and custodial accounts to balance flexibility and aid impact. Review Annually: Reassess your plan each year to stay aligned with changing goals and college costs. This episode is sponsored by PearsonRavitz – Helping physicians safeguard their most valuable assets. This episode is also sponsored by FacetWealth – Discover how Facet is transforming financial planning for physicians with personalized, flat-fee financial planning—visit facet.com/frugalphysician to start building your financial future today. —--- If you enjoyed the show, find and follow Dr. Disha everywhere else: Twitter Website Facebook The Frugal Physician’s Facebook Group YouTube ----------- Please note: The content shared on the podcast is for informational purposes only and should not be considered individualized financial advice. It is essential to consult with professionals such as accountants, financial advisors, or attorneys to receive personalized guidance based on your specific needs.…
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Finding Financial Freedom with The Frugal Physician - Finance, Wellness, Budget, Student Loans, Wealth, Doctor, Fitness, Money
Dr. Disha highlights how real estate investing aligns with her values and offers a powerful way to build wealth. She emphasizes the financial benefits of rental properties, including monthly cash flow, leveraging loans for greater returns, and protection against inflation. Additionally, she breaks down key tax advantages like depreciation and 1031 exchanges, offering strategies for minimizing taxes and maximizing returns. Dr. Disha also explains the various rental strategies (long-term, short-term, and mid-term) and how they fit different investor goals. She provides actionable tools and metrics, such as cap rates and IRR, to ensure sound investment decisions. Top 4 Takeaways Real Estate Offers Cash Flow & Leverage: Rental properties generate monthly cash flow, and you can leverage borrowed money (mortgages) to control a valuable asset with minimal upfront investment. Appreciation & Inflation Protection: Properties appreciate over time, and real estate provides a hedge against inflation by rising in value as the cost of living increases. Tax Benefits Are Key: Investors can take advantage of tax deductions such as depreciation, mortgage interest, and 1031 exchanges, significantly lowering taxable income. Understand Investment Metrics: Tools like the 50% rule, cap rate, and IRR help analyze property value and ensure a sound investment that aligns with financial goals. —--- This episode is sponsored by PearsonRavitz – Helping physicians safeguard their most valuable assets. This episode is also sponsored by FacetWealth – Discover how Facet is transforming financial planning for physicians with personalized, flat-fee financial planning—visit facet.com/frugalphysician to start building your financial future today. If you enjoyed the show, find and follow Dr. Disha everywhere else: Twitter Website Facebook The Frugal Physician’s Facebook Group YouTube ----------- Please note: The content shared on the podcast is for informational purposes only and should not be considered individualized financial advice. It is essential to consult with professionals such as accountants, financial advisors, or attorneys to receive personalized guidance based on your specific needs.…
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Finding Financial Freedom with The Frugal Physician - Finance, Wellness, Budget, Student Loans, Wealth, Doctor, Fitness, Money
Dr. Disha tackles a recurring question in physician finance groups: “Can I afford this house?” Using a case study of the Smith family, she walks through the key financial ratios—HR1 (housing costs) and HR2 (debt-to-income)—that determine whether a home purchase is financially sustainable. Despite a $300K annual income, the family’s student loan and car payments push their debt-to-income ratio to 42%, beyond the recommended 36%. Dr. Spath advises waiting to buy, paying off existing debts, and boosting savings before stretching for a home that could lead to financial strain. —--- If you enjoyed the show, find and follow Dr. Disha everywhere else: Twitter Website Facebook The Frugal Physician’s Facebook Group YouTube ----------- Please note: The content shared on the podcast is for informational purposes only and should not be considered individualized financial advice. It is essential to consult with professionals such as accountants, financial advisors, or attorneys to receive personalized guidance based on your specific needs.…
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Finding Financial Freedom with The Frugal Physician - Finance, Wellness, Budget, Student Loans, Wealth, Doctor, Fitness, Money
Sarah Catherine Gutierrez, a certified financial planner and founder of Aptus Financial, joins Dr. Disha Spath to discuss practical financial strategies for physicians. Sarah emphasizes the importance of non-conflicted, fee-only advice and the power of automating finances to ensure long-term wealth building. Key takeaways include paying yourself first, maximizing tax-efficient saving methods like retirement accounts and HSAs, and breaking the stereotypes that prevent women from fully engaging in financial decisions. Through her tax-efficient waterfall method and a focus on financial literacy, Sarah helps physicians take control of their financial future. Bio: Sarah Catherine Gutierrez Sarah Catherine Gutierrez, also known as SC, is the CEO of Aptus Financial, a firm specializing in flat-fee, fiduciary-based financial planning for physicians and young professionals. With a Master’s in Public Policy from Harvard University and a Chartered Retirement Plan Specialist designation, SC is committed to providing non-conflicted financial advice that empowers clients to manage their finances independently. She is the author of But First, Save 10, a book that simplifies financial planning by encouraging readers to prioritize saving. Through her firm, SC has helped over 800 physicians DIY their finances, teaching them how to automate their money and build a secure financial future. Resources Mentioned Sarah Catherine Gutierrez’s Book – But First, Save 10 – The book written by Sarah to help people prioritize saving and manage finances. UBS Study on Women and Financial Decision - Making (2019) – A study showing that many women do not participate in long-term financial decisions but regret it later in life. Berkeley Study on Gender Differences in Investing – Research showing women tend to perform better than men due to more conservative and patient investing behavior. Public Service Loan Forgiveness (PSLF) Program – Discussed as a key financial strategy for physicians managing student loan debt. Tax-Efficient Waterfall System – Sarah’s method for prioritizing saving and investing to maximize tax advantages. —--- 👋 This episode is sponsored by PearsonRavitz – helping physicians safeguard their most valuable assets. —--- If you enjoyed the show, find and follow Dr. Disha everywhere else: Twitter Website Facebook The Frugal Physician’s Facebook Group YouTube ----------- Please note: The content shared on the podcast is for informational purposes only and should not be considered individualized financial advice. It is essential to consult with professionals such as accountants, financial advisors, or attorneys to receive personalized guidance based on your specific needs.…
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Finding Financial Freedom with The Frugal Physician - Finance, Wellness, Budget, Student Loans, Wealth, Doctor, Fitness, Money
Dr. Disha Spath and Dr. Tarang Patel address the controversial topic of nurse practitioners’ expanding roles in healthcare. The discussion is sparked by a recent article that highlights concerns over the quality and adequacy of NP training. Dr. Patel discusses the implications of NPs practicing autonomously without sufficient oversight, emphasizing the potential risks to patient safety and the ethical dilemmas faced by physicians. The episode also covers how this trend affects the medical community, including the economic pressures on physicians and the growing stress within the healthcare system. The conversation closes with a reflection on personal experiences, professional growth, and the importance of financial security in an unpredictable healthcare environment. BIO Dr. Tarang Patel is a hospital-employed radiologist based in Arizona with a diverse background that includes service in the U.S. Air Force. He is the former host of the podcast “Dr. Money Matters,” where he discussed personal finance and professional development for physicians. Dr. Patel is also active in social media, sharing insights on financial literacy, healthcare policy, and the economic challenges faced by medical professionals. As an advocate for physicians, he is committed to raising awareness about the complexities of modern healthcare, including the rise of non-physician practitioners and its impact on patient care. In his spare time, Dr. Patel enjoys traveling with his family and managing a financial Facebook group dedicated to empowering physicians with financial knowledge. Resources Mentioned Article Discussed: “ The Miseducation of America’s Nurse Practitioners” by Bloomberg ” Dr. Tarang Patel’s Former Podcast: Dr. Money Matters Physicians for Patient Protection (PPP): Website - An organization focused on advocating for patient safety and physician-led care. Relevant Studies: JAMA study on imaging utilization and non-physician professionals. National Commission on Certification of Physician Assistants (NCCPA): Website Dr. Disha Spath's Podcast Episodes on Related Topics: Podcast Archive Book Recommendation: “The Atlas Shrugged” by Ayn Rand - Mentioned in the podcast Direct Primary Care Resources: DPC Frontier - Information on starting a Direct Primary Care practice. —--- 👋 This episode is sponsored by PearsonRavitz – helping physicians safeguard their most valuable assets. —--- If you enjoyed the show, find and follow Dr. Disha everywhere else: Twitter Website Facebook The Frugal Physician’s Facebook Group YouTube…
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Finding Financial Freedom with The Frugal Physician - Finance, Wellness, Budget, Student Loans, Wealth, Doctor, Fitness, Money
Dr. Nirav Shah returns to discuss the often-overlooked field of medical expert witness work, revealing how physicians can use their expertise to earn substantial side income while maintaining their ethical standards. Dr. Shah recounts his initial foray into the courtroom, offers insights into the financial structure of this work, and discusses the challenges and rewards of being a medical expert witness. The episode also covers his upcoming course on the subject, designed to help doctors enter this field with confidence. Whether you're curious about diversifying your income or simply want to learn more about this niche, Dr. Shah’s insights are invaluable. Sign up for the webinar here ! BIO Dr. Nirav Shah by day is a board-certified neurologist and stroke expert, saving lives at the forefront of his field. Driven by a passion for innovation and entrepreneurship, Dr. Shah is now on a mission to help physicians and high-income professionals achieve financial freedom and design their dream retirements. As a member of Physician on FIRE, he shares his insights and empowers others to take control of their financial future. Beyond his professional achievements, Dr. Shah is an avid traveler and landscape photographer, capturing breathtaking natural beauty around the world. Join us as we chat with Dr. Nirav Shah about his fascinating career journey and how he used medical expert witness work as a side gig to pay off debts early in his career! Resources Mentioned Physician on FIRE: A platform dedicated to helping high-income professionals, particularly physicians, achieve financial independence and design their ideal retirements. Medical Expert Witness Course: Dr. Nirav Shah and his colleagues are developing a course to help physicians get started with medical expert witness work. The course will cover everything from understanding the legal landscape to building a practice in this lucrative field. Connect with their team at this link for more details and to sign up for the upcoming course. CME Credits: The medical expert witness course mentioned will offer Continuing Medical Education (CME) credits, which can be used by physicians to meet their professional education requirements. Financial Independence Coaching: Dr. Shah mentioned the possibility of pursuing financial coaching, such as becoming a Certified Financial Planner (CFP), as a way to diversify income streams and assist other physicians in managing their finances. Photographic Work: Dr. Shah is also an avid landscape photographer, often traveling to capture natural beauty around the world. While not directly linked to the financial independence topic, his photography hobby showcases his well-rounded approach to life and work. —--- 👋 This episode is sponsored by PearsonRavitz – helping physicians safeguard their most valuable assets. —--- If you enjoyed the show, find and follow Dr. Disha everywhere else: Twitter Website Facebook The Frugal Physician’s Facebook Group YouTube ----------- Please note: The content shared on the podcast is for informational purposes only and should not be considered individualized financial advice. It is essential to consult with professionals such as accountants, financial advisors, or attorneys to receive personalized guidance based on your specific needs.…
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Finding Financial Freedom with The Frugal Physician - Finance, Wellness, Budget, Student Loans, Wealth, Doctor, Fitness, Money
________ SUMMARY Starting with Alexander Hamilton's crucial role in establishing the early financial system of the United States, Dr. Disha explains how his legacy laid the foundation for the creation of the Federal Reserve in 1913. The episode covers the Fed's tools for managing the economy, including the federal funds rate, reserve requirements, and open market operations, highlighting how these mechanisms impact everyday financial decisions. Dr. Spath brings history to life with a focus on how the principles established by Hamilton continue to guide modern economic policy and influence our financial lives today. —--- 👋 This episode is sponsored by PearsonRavitz – helping physicians safeguard their most valuable assets. —--- Also sponsored by Equity Multiple - EquityMultiple brings you streamlined access to transformative real estate, starting with just $5k. Get started at equitymultiple.com. —--- If you enjoyed the show, find and follow Dr. Disha everywhere else: Twitter Website Facebook The Frugal Physician’s Facebook Group YouTube ----------- Please note: The content shared on the podcast is for informational purposes only and should not be considered individualized financial advice. It is essential to consult with professionals such as accountants, financial advisors, or attorneys to receive personalized guidance based on your specific needs.…
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Finding Financial Freedom with The Frugal Physician - Finance, Wellness, Budget, Student Loans, Wealth, Doctor, Fitness, Money
________ SUMMARY In this repurposed episode from the Earn & Invest podcast, Dr. Disha joins Doc G to discuss the financial implications of an election year. They explore how political uncertainty can impact personal finances, offering practical advice on maintaining financial stability amid the chaos. From understanding market fluctuations to long-term investment strategies, Dr. Disha discusses how to stay financially resilient during tumultuous times without making hasty financial decisions. ABOUT THE EARN & INVEST PODCAST The Earn & Invest podcast, hosted by Doc G, is a compelling platform where finance meets real life. Designed for those interested in financial independence and personal finance strategies, the show features in-depth interviews and discussions with experts, entrepreneurs, and everyday people who have achieved financial success. KEY EPISODE HIGHLIGHTS [00:00:00] - Introduction: Dr. Disha Spath introduces the episode and mentions it’s a repurposed episode from the Earn & Invest podcast. [00:02:00] - Financial Anxiety During Elections: Discussion on how election years can create financial anxiety and market volatility. [00:05:00] - Real-Life Examples: Doc G shares anecdotes of individuals making drastic financial decisions based on political fears. [00:10:00] - Market Behavior During Elections: Explanation of short-term market fluctuations and long-term investment impact. [00:15:00] - Legislative Impacts: How changes in legislation can affect personal finances, including tax policies and student loan forgiveness. [00:20:00] - Personal Financial Resilience: Tips on building a financial cushion and being frugal to withstand economic uncertainties. [00:25:00] - Global Diversification: Discussion on diversifying assets globally as a hedge against domestic political instability. [00:30:00] - Final Thoughts: Encouragement to vote and stay informed, but avoid making drastic financial moves based on election outcomes. [00:35:00] - Outro: Dr. Spath wraps up the episode, reminding listeners to stay frugal and financially savvy, and invites them to connect on her website and social media. —--- 👋 This episode is sponsored by PearsonRavitz – helping physicians safeguard their most valuable assets. —--- Also sponsored by Equity Multiple - EquityMultiple brings you streamlined access to transformative real estate, starting with just $5k. Get started at equitymultiple.com. —--- If you enjoyed the show, find and follow Dr. Disha everywhere else: Twitter Website Facebook The Frugal Physician’s Facebook Group YouTube ----------- Please note: The content shared on the podcast is for informational purposes only and should not be considered individualized financial advice. It is essential to consult with professionals such as accountants, financial advisors, or attorneys to receive personalized guidance based on your specific needs.…
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Finding Financial Freedom with The Frugal Physician - Finance, Wellness, Budget, Student Loans, Wealth, Doctor, Fitness, Money
________ Dr. Disha discusses the SAVE Plan, a student loan forgiveness initiative introduced by the Biden administration, now embroiled in legal battles. The plan, designed to replace the REPAYE plan, offers significant concessions to borrowers but has faced lawsuits from Republican-led states. With parts of the plan temporarily blocked and the issue likely heading to the Supreme Court, borrowers are placed in administrative forbearance. Dr. Spath advises borrowers to stay informed, consider switching repayment strategies if close to forgiveness, and emphasizes the importance of voting in the 2024 election to influence the future of student loan policies. RESOURCES MENTIONED SAVE Plan - Saving on a Valuable Education Plan. Biden-Harris Administration - Initial attempts to provide student loan relief. HEROES Act of 2003 - Used by the administration to justify loan cancellation. Higher Education Act - Cited for introducing the SAVE Plan. Income-Driven Repayment Plans (IDR) - Comparison to the SAVE Plan. Public Service Loan Forgiveness (PSLF) - Impact of administrative forbearance on PSLF. Supreme Court - Legal challenges and potential rulings on the SAVE Plan. 2024 Election - Potential impact on the future of student loan forgiveness. Trump Administration - Previous stance on student loan forgiveness and proposals. Department of Education - Administrative actions and current status of the SAVE Plan. —--- 👋 This episode is sponsored by PearsonRavitz – helping physicians safeguard their most valuable assets. —--- Also sponsored by Equity Multiple - EquityMultiple brings you streamlined access to transformative real estate, starting with just $5k. Get started at equitymultiple.com. —--- If you enjoyed the show, find and follow Dr. Disha everywhere else: Twitter Website Facebook The Frugal Physician’s Facebook Group YouTube ----------- Please note: The content shared on the podcast is for informational purposes only and should not be considered individualized financial advice. It is essential to consult with professionals such as accountants, financial advisors, or attorneys to receive personalized guidance based on your specific needs.…
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Finding Financial Freedom with The Frugal Physician - Finance, Wellness, Budget, Student Loans, Wealth, Doctor, Fitness, Money
________ Dr. Disha interviews Dr. Cory Fawcett about his remarkable adventure of cycling across America. Dr. Fawcett, who retired early thanks to savvy financial planning and real estate investments, talks about the logistics, challenges, and rewards of the 49-day journey from San Diego to St. Augustine. He emphasizes the importance of living life fully and embracing adventure now rather than waiting for retirement. Dr. Fawcett shares insights on maintaining balance between career, family, and personal passions, offering financial advice and underscoring the significance of a supportive spouse in achieving one's goals. Bio: Dr. Cory S. Fawcett spent 23 years as a private practice general surgeon in Southern Oregon and has been involved in multiple real estate and business endeavors. With a real estate cash flow that exceeded his living expenses, he retired from medicine in 2017 at the age of 54. Now, Dr. Fawcett teaches doctors and other high-income professionals how to live more fulfilling lives by becoming debt-free and attaining financial independence through his platform, FinancialSuccessMD.com, as well as through keynote speaking and coaching. Dr. Fawcett and his family recently cycled across America from San Diego, California to St. Augustine, Florida over a span of 49 days. They are avid cyclists, and Dr. Fawcett has an impressive background in competitive cycling, including winning Oregon’s best all-around rider award in the Men’s Masters division in 2009 and becoming the Men’s Masters Oregon Cross Country Series Mountain Bike Champion in 2010. Social Media Handles Web page: FinancialSuccessMD.com LinkedIn: Financial Success MD Facebook: Financial Success MD Twitter: @Fin_SuccessMD YouTube: Financial Success MD Pinterest: FinancialSuccessMD Instagram: financialsuccessmd TOP 5 KEY HIGHLIGHTS: Dr. Fawcett’s Introduction and Journey Overview (00:00:00 - 00:01:00) Dr. Disha Spath introduces Dr. Cory Fawcett, discussing his background as a general surgeon and financial independence coach, and highlighting his recent cross-country cycling adventure. Balancing Career and Adventure (00:03:00 - 00:04:00) Dr. Fawcett explains how he balanced his medical career with his passion for adventure, taking 12 weeks of vacation each year to live fully while working and saving half of his income throughout his career. Planning the Cross-Country Cycling Trip (00:09:00 - 00:10:00) Details about how Dr. Fawcett planned the trip with his son, choosing the Southern route to avoid snow and coordinating logistics like hotels and a support vehicle driven by his wife. Overcoming Physical and Mental Challenges (00:18:00 - 00:21:00) Dr. Fawcett shares the physical challenges of cycling long distances, such as chafing and muscle fatigue, and the mental hurdles of continuing to ride through difficult weather conditions. Financial and Life Lessons from the Journey (00:28:00 - 00:33:00) Dr. Fawcett discusses the key financial lessons learned from his adventure, emphasizing the importance of integrating adventure into life, not underestimating the role of a supportive spouse, and maintaining financial discipline by spending less than you earn. —--- 👋 This episode is sponsored by PearsonRavitz – helping physicians safeguard their most valuable assets. —--- Also sponsored by Equity Multiple - EquityMultiple brings you streamlined access to transformative real estate, starting with just $5k. Get started at equitymultiple.com. —--- If you enjoyed the show, find and follow Dr. Disha everywhere else: Twitter Website Facebook The Frugal Physician’s Facebook Group YouTube ----------- Please note: The content shared on the podcast is for informational purposes only and should not be considered individualized financial advice. It is essential to consult with professionals such as accountants, financial advisors, or attorneys to receive personalized guidance based on your specific needs.…
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Finding Financial Freedom with The Frugal Physician - Finance, Wellness, Budget, Student Loans, Wealth, Doctor, Fitness, Money
________ Dr. Sanghamitra Sadhu, a nephrologist and entrepreneur, shares her journey to developing a lean private practice model aimed at reducing burnout and enhancing job satisfaction. By minimizing overhead costs and maximizing patient care, Dr. Sadhu has found a way to thrive in her medical career while maintaining a healthy work-life balance. She also introduces Link Medical Spaces, a platform designed to connect healthcare professionals with affordable shared office spaces, revolutionizing the way doctors practice. Bio: Dr. Sanghamitra Sadhu is a trailblazing nephrologist and entrepreneur who has redefined the traditional medical practice model. After completing her fellowship at the University of Miami, she developed a lean private practice to reduce burnout and increase job satisfaction. Dr. Sadhu's innovative approach focuses on minimizing overhead costs and maximizing patient care. She is also the founder of Link Medical Spaces, a platform that connects healthcare professionals with affordable shared office spaces. Dr. Sadhu is passionate about empowering physicians to find joy and fulfillment in their careers. Top 5 Key Episode Highlights: Lean Practice Model: Dr. Sadhu explains her lean private practice model, emphasizing low overhead costs and enhanced patient care. Personal Journey: Dr. Sadhu shares her personal experience with burnout and how it motivated her to create a more sustainable practice model. Link Medical Spaces: Introduction to Dr. Sadhu's platform that connects healthcare professionals with shared office spaces, reducing costs and increasing flexibility. Challenges and Triumphs: Discussion of the mental and practical challenges Dr. Sadhu faced in establishing her lean practice and how she overcame them. Practical Advice: Tips for other physicians looking to transition to a lean practice model and the benefits it can offer in terms of autonomy and job satisfaction. —--- 👋 This episode is sponsored by PearsonRavitz – helping physicians safeguard their most valuable assets. —--- Also sponsored by Equity Multiple - EquityMultiple brings you streamlined access to transformative real estate, starting with just $5k. Get started at equitymultiple.com. —--- If you enjoyed the show, find and follow Dr. Disha everywhere else: Twitter Website Facebook The Frugal Physician’s Facebook Group YouTube -----------…
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Finding Financial Freedom with The Frugal Physician - Finance, Wellness, Budget, Student Loans, Wealth, Doctor, Fitness, Money
________ Dr. Disha interviews Jessica, a full-time adventurer and co-founder of The Fioneers. Jessica shares her journey from struggling with financial instability to embracing Slow FI (Slow Financial Independence) through The Fioneers. They discuss the differences between traditional FI, FIRE (Financial Independence Retire Early), and Slow FI, emphasizing the importance of balancing present enjoyment with future security. Jessica provides insights into how intentional living and financial planning with The Fioneers have allowed her to build a life of freedom and fulfillment. BIO Jessica is a full-time adventurer, part-time writer, speaker, and lifestyle design coach. As the co-founder of the award-winning platform The Fioneers, she is dedicated to helping people achieve financial freedom and design lives they love. Featured in MarketWatch, Business Insider, Forbes, The Motley Fool, and Simple Money Magazine, Jessica is known for her insights into Slow FI (Slow Financial Independence) and intentional living. She enjoys traveling in her camper van, perfecting her sourdough pizza recipe, and playing complex board games. Top 5 Key Episode Highlights Jessica's Background and Introduction [00:00:00 - 00:01:00] Jessica shares her background, her work with The Fioneers, and her journey from financial instability to financial independence. Transition to Financial Independence [00:02:00 - 00:05:00] Jessica discusses her initial struggles, the impact of the 2009 recession, and her shift from a scarcity mindset to a path of financial independence with The Fioneers. Understanding Slow FI [00:06:00 - 00:10:00] Explanation of Slow FI (Slow Financial Independence) and how it differs from traditional FIRE (Financial Independence Retire Early) and the traditional retirement path. Jessica's Personal and Professional Transformation [00:12:00 - 00:18:00] Insight into Jessica's journey from a high-pressure corporate job to creating a balanced, intentional lifestyle that incorporates financial freedom through The Fioneers. Real-Life Examples and Success Stories [00:22:00 - 00:27:00] Jessica shares success stories of clients who have transformed their lives through the principles of Slow FI, highlighting the practical application and benefits of this approach as promoted by The Fioneers. —--- 👋 This episode is sponsored by PearsonRavitz – helping physicians safeguard their most valuable assets. —--- Also sponsored by Equity Multiple - EquityMultiple brings you streamlined access to transformative real estate, starting with just $5k. Get started at equitymultiple.com. —--- If you enjoyed the show, find and follow Dr. Disha everywhere else: Twitter Website Facebook The Frugal Physician’s Facebook Group YouTube…
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Finding Financial Freedom with The Frugal Physician - Finance, Wellness, Budget, Student Loans, Wealth, Doctor, Fitness, Money
🎉**Don’t miss out on our special book giveaway! Sign up for Dr. Turner’s course and send me a screenshot to thefrugalphysician@gmail.com to receive a free copy of Morgan Housel’s bestseller, "The Psychology of Money!** 📔 Go here to sign up (this is an affiliate link): https://coaching.thephysicianphilosopher.com/a/33218/YXcFm7KY ________ Dr. Disha Spath chats with Dr. Shikha Jain, a hematologist, oncologist, and the driving force behind the Women in Medicine Summit. Dr. Jain opens up about her journey, from facing gender bias in medicine to creating a platform that empowers women physicians. She shares eye-opening stories about the pay gap, leadership hurdles, and the importance of mentorship and allyship. Plus, get a sneak peek at the upcoming Women in Medicine Summit and an exciting CME cruise to the South of France. Tune in for real talk, inspiration, and a lot of laughs! BIO Dr. Shikha Jain is a board-certified hematologist and oncologist at the University of Illinois Cancer Center and a prominent advocate for gender equity in healthcare. She is the founder of the Women in Medicine Summit, an annual conference dedicated to empowering women and promoting systemic change within the medical field. Dr. Jain's work focuses on addressing the unique challenges women physicians face, from pay disparities to leadership opportunities. She is a sought-after speaker and mentor, committed to fostering a more inclusive and supportive environment for all healthcare professionals. Dr. Jain's dedication to advocacy and education has made her a leading figure in the movement towards gender equity in medicine. RESOURCES LIST Books "Women in Medicine: Shattering Stereotypes and Breaking Barriers" (Suggested Reading for Topics Covered by Dr. Jain) Conferences Women in Medicine Summit Annual conference founded by Dr. Shikha Jain Focused on gender equity, leadership, and empowerment in healthcare Website: Women in Medicine Summit Articles and Publications Various publications on gender equity and healthcare (Published by Dr. Shikha Jain in medical journals and online platforms) Websites Women in Medicine Summit: Women in Medicine Summit Dr. Shikha Jain's Professional Profile: LinkedIn - Dr. Shikha Jain Social Media Twitter: @ShikhaJainMD LinkedIn: Dr. Shikha Jain Events Women in Medicine Summit Annual summit with various workshops and lectures Early bird pricing available until the end of June Includes a new gala event CME Cruise to the South of France (March 2025) A five-day river cruise featuring lectures by Dr. Shikha Jain and other distinguished speakers Focus on leadership and professional development for women in medicine Limited spots available Key Topics and Themes Gender Equity in Healthcare Addressing the pay gap and leadership inequities Importance of mentorship, sponsorship, and allyship Leadership and Professional Development Workshops on negotiations, financial planning, and career advancement Interactive sessions to develop practical skills for success in medicine Personal and Professional Balance Strategies for finding joy and fulfillment in medical careers Navigating challenges unique to women in the healthcare profession —--- 👋 This episode is sponsored by PearsonRavitz – helping physicians safeguard their most valuable assets. —--- Also sponsored by Equity Multiple - EquityMultiple brings you streamlined access to transformative real estate, starting with just $5k. Get started at equitymultiple.com. —--- If you enjoyed the show, find and follow Dr. Disha everywhere else: Twitter Website Facebook The Frugal Physician’s Facebook Group YouTube ----------- Please note: The content shared on the podcast is for informational purposes only and should not be considered individualized financial advice. It is essential to consult with professionals such as accountants, financial advisors, or attorneys to receive personalized guidance based on your specific needs.…
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Finding Financial Freedom with The Frugal Physician - Finance, Wellness, Budget, Student Loans, Wealth, Doctor, Fitness, Money
🎉**Don’t miss out on our special book giveaway! Sign up for Dr. Turner’s course and send me a screenshot to thefrugalphysician@gmail.com to receive a free copy of Morgan Housel’s bestseller, "The Psychology of Money!** 📔 Go here to sign up (this is an affiliate link): https://coaching.thephysicianphilosopher.com/a/33218/YXcFm7KY ________ In this episode, Dr. Disha interviews Dr. Jimmy Turner, an academic anesthesiologist and the creator of The Physician Philosopher and Money Meets Medicine podcast. Dr. Turner shares his experiences with financial missteps, such as purchasing unnecessary insurance and accumulating student debt, which fueled his passion for financial education. He emphasizes the importance of financial literacy for medical professionals, detailing how understanding personal finance can lead to practicing medicine on one’s terms. Dr. Turner introduces his course, Medical Degree Financial University, which aims to make financial literacy and student loan consultations accessible and affordable for physicians. The episode underscores the need for doctors to engage in financial planning early in their careers to achieve long-term financial independence and professional satisfaction. BIO Dr. Jimmy Turner is a practicing academic anesthesiologist, founder of The Physician Philosopher, and co-host of the Money Meets Medicine podcast. He is the author of The Physician Philosopher’s Guide to Personal Finance and a passionate advocate for financial literacy among medical professionals. Dr. Turner’s journey into personal finance began with his own financial missteps, which inspired him to educate himself and others about financial independence. He created Medical Degree Financial University, a comprehensive course designed to help doctors build a solid financial foundation and navigate student loans. Dr. Turner is dedicated to helping physicians achieve financial freedom to practice medicine on their own terms. RESOURCES The Physician Philosopher: The Physician Philosopher - A blog and resource for financial literacy among physicians. Money Meets Medicine Podcast : Money Meets Medicine Podcast - Co-hosted by Dr. Turner, focusing on financial topics relevant to doctors. FREE BOOK FROM JIMMY: The Physician Philosopher’s Guide to Personal Finance : The Physician Philosopher’s Guide to Personal Finance - Dr. Turner’s book on financial strategies for physicians. Medical Degree Financial University (MDFU) : Medical Degree Financial University - Dr. Turner’s course offering financial education and student loan consultations for doctors. Public Service Loan Forgiveness (PSLF): Public Service Loan Forgiveness - A federal program for student loan forgiveness. Certified Student Loan Professional (CSLP): Certified Student Loan Professional - A certification program for student loan advisors. EPISODE HIGHLIGHTS Introduction and Welcome (00:00:00) - Dr. Disha Spath introduces Dr. Jimmy Turner and his background. Dr. Turner’s Financial Journey (00:01:00) - Dr. Turner discusses his early financial mistakes and how they led to his interest in personal finance. Importance of Financial Literacy (00:06:00) - The necessity of teaching financial literacy to medical students and residents. Challenges with Student Loans (00:08:00) - Dr. Turner explains the complexities of student loan management and the benefits of PSLF. Medical Degree Financial University (00:14:00) - Overview of Dr. Turner’s course, its components, and its affordability for physicians. —--- 👋 This episode is sponsored by PearsonRavitz – helping physicians safeguard their most valuable assets. —--- Also sponsored by Equity Multiple - EquityMultiple brings you streamlined access to transformative real estate, starting with just $5k. Get started at equitymultiple.com. —--- If you enjoyed the show, find and follow Dr. Disha everywhere else: Twitter Website Facebook The Frugal Physician’s Facebook Group YouTube ----------- Please note: The content shared on the podcast is for informational purposes only and should not be considered individualized financial advice. It is essential to consult with professionals such as accountants, financial advisors, or attorneys to receive personalized guidance based on your specific needs.…
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Finding Financial Freedom with The Frugal Physician - Finance, Wellness, Budget, Student Loans, Wealth, Doctor, Fitness, Money
On the TarHeal Podcast with Dr. Sara Helvey, she interviews Dr. Disha on her non-traditional path to becoming a physician and her remarkable financial transformation. After moving to the United States from India and facing significant financial challenges, Dr. Disha learned the importance of budgeting and investing. She shares practical tips on creating a budget, the different types of budgeting methods, and the importance of involving partners in financial planning. Dr. Disha emphasizes the power of compounding and how even small savings can grow significantly over time. Her story is a reminder that financial freedom is achievable with discipline, planning, and mindful spending. EPISODE HIGHLIGHTS [00:02:00] - Dr. Disha discusses her early career financial challenges and lifestyle inflation. [00:03:00] - Dr. Disha describes steps taken to regain financial stability and pay off debts. [00:06:00] - Dr. Disha talks about shifting the perspective on budgeting to see it as empowering. [00:08:00] - Dr. Disha explains different budgeting methods like zero-based and proportional budgeting. [00:11:00] - Dr. Disha highlights the importance of family budgeting and involving partners. [00:13:00] - Dr. Disha emphasizes tracking spending and identifying areas of overspending. [00:15:00] - Dr. Disha recommends budgeting apps like YNAB and discusses their benefits. [00:25:00] - Dr. Disha discusses responsible credit card use to build credit and earn rewards. —--- 👋 This episode is sponsored by PearsonRavitz – helping physicians safeguard their most valuable assets. —--- Also sponsored by Equity Multiple - EquityMultiple brings you streamlined access to transformative real estate, starting with just $5k. Get started at equitymultiple.com. —--- If you enjoyed the show, find and follow Dr. Disha everywhere else: Twitter Website Facebook The Frugal Physician’s Facebook Group YouTube ----------- Please note: The content shared on the podcast is for informational purposes only and should not be considered individualized financial advice. It is essential to consult with professionals such as accountants, financial advisors, or attorneys to receive personalized guidance based on your specific needs.…
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Finding Financial Freedom with The Frugal Physician - Finance, Wellness, Budget, Student Loans, Wealth, Doctor, Fitness, Money
Dr. Sylvie Stacy shares her insights from her books, "50 Nonclinical Careers for Physicians" and "50 Unconventional Clinical Careers for Physicians," highlighting various career paths that offer financial independence and work-life balance. The conversation covers Dr. Stacy's personal journey, the value of diverse skill sets, and actionable advice for physicians considering a career change. More on Dr. Sylvie Stacy: Dr. Sylvie Stacy is a trailblazing physician who has made a name for herself by exploring and advocating for unconventional career paths in medicine. As a preventive and addiction medicine specialist, Dr. Stacy has carved out a unique niche, helping physicians navigate away from traditional roles and towards fulfilling, financially rewarding alternatives. Dr. Stacy is the author of two influential books, "50 Nonclinical Careers for Physicians" and "50 Unconventional Clinical Careers for Physicians." These comprehensive guides provide invaluable insights and practical advice for medical professionals seeking to diversify their careers and achieve financial independence. Her journey began during medical school when she realized that the conventional path of patient care wasn't a perfect fit for her. This led her to preventive medicine, where she found a better alignment with her skills and interests. Dr. Stacy's career has since spanned various roles, including corporate medical director in correctional medicine, where she balanced clinical care with administrative responsibilities. Dr. Stacy is passionate about helping physicians recognize the broad extent of their skills and the multitude of career opportunities available to them. She believes in the power of proactive career planning and encourages doctors to explore nonclinical roles that align with their values and lifestyle goals. Beyond her books, Dr. Stacy shares her expertise and insights through speaking engagements, workshops, and her active presence on LinkedIn, where she continues to inspire and guide physicians toward diverse and rewarding career paths. HIGHLIGHTS [00:00:00] Introduction to the episode and guest, Dr. Sylvie Stacy. [00:01:00] Dr. Stacy's journey and inspiration behind her books. [00:03:00] Overview of preventive medicine and its nonclinical aspects. [00:06:00] Dr. Stacy's experience in correctional medicine. [00:08:00] Highlighting effective nonclinical roles in the pharmaceutical industry. [00:10:00] Discussion on the impact and value of nonclinical roles. [00:12:00] Encouraging physicians to recognize their broad skill sets. [00:14:00] Finding job postings for nonclinical and unconventional careers. [00:16:00] Success stories of physicians transitioning to new roles. [00:19:00] Advice on overcoming the fear of leaving full-time clinical roles. [00:21:00] Rapid-fire round: Evaluating career options based on financial success and work-life balance. [00:24:00] Closing thoughts and where to find Dr. Stacy’s books. —--- 👋 This episode is sponsored by PearsonRavitz – helping physicians safeguard their most valuable assets. —--- Also sponsored by Equity Multiple - EquityMultiple brings you streamlined access to transformative real estate, starting with just $5k. Get started at equitymultiple.com. —--- If you enjoyed the show, find and follow Dr. Disha everywhere else: Twitter Website Facebook The Frugal Physician’s Facebook Group YouTube ----------- Please note: The content shared on the podcast is for informational purposes only and should not be considered individualized financial advice. It is essential to consult with professionals such as accountants, financial advisors, or attorneys to receive personalized guidance based on your specific needs.…
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Finding Financial Freedom with The Frugal Physician - Finance, Wellness, Budget, Student Loans, Wealth, Doctor, Fitness, Money
Dr. Shaun McKee, a neuroradiologist with 33 years of experience, shares her journey of thriving in a demanding career while pursuing her passions in endurance sports and wellness. She delves into common health concerns for women over 40, offering practical tips on exercise, nutrition, and skincare. Dr. McKee emphasizes the importance of delegation, continuous learning, and creating income streams that align with personal values. Her story is a testament to the power of balancing professional responsibilities with personal passions, providing valuable insights for listeners seeking financial and personal fulfillment. More on Dr. Shaun McKee: Dr. Shaun McKee is a seasoned neuroradiologist with over three decades of experience. She has served as the Chief Resident at the University of Florida and Chief of Neuroradiology at Kessler Air Force Base. Beyond her medical career, Dr. McKee is a two-time Ironman triathlete and an ultra-marathoner. She is married to a gastroenterologist, has two adult sons, and is a proud dog mom. Dr. McKee is the founder of VitalityMD, a platform dedicated to helping health-minded women over 40 regain their energy and vitality. Her multifaceted life embodies the balance of professional excellence and personal wellness. HIGHLIGHTS [00:00:00] Introduction by Dr. Disha Spath: Welcoming Dr. Shaun McKee and setting the tone for the episode. [00:01:00] Dr. McKee's Background: Overview of Dr. McKee’s career in neuroradiology and her personal life. [00:02:00] Balancing Career and Sports: Dr. McKee discusses how she juggles her medical career with Ironman training. [00:03:00] Endurance Sports Journey: Dr. McKee shares her journey into endurance sports and its impact on her life. [00:04:00] Health Concerns for Women Over 40: Common issues and practical solutions for maintaining health and vitality. [00:05:00] Exercise Tips: Recommendations for effective and manageable exercise routines. [00:07:00] Sleep and Nutrition: Importance of sleep hygiene and nutrition for overall wellness. [00:08:00] Skincare Tips: Advice on skincare regimens and the importance of clean, non-toxic products. [00:12:00] Transition to Wellness: Dr. McKee’s shift from a full-time medical career to a focus on wellness. [00:22:00] Delegation Strategies: Insights into effective delegation and managing multiple responsibilities. [00:30:00] Financial Journey: Discussion on Dr. McKee’s financial journey and income diversification. [00:35:00] Final Thoughts: Dr. McKee’s parting advice on taking time for self-care and pursuing passion-driven income streams. —--- 👋 This episode is sponsored by PearsonRavitz – helping physicians safeguard their most valuable assets. 👋 Also sponsored by Equity Multiple - EquityMultiple brings you streamlined access to transformative real estate, starting with just $5k. Get started at equitymultiple.com. —--- If you enjoyed the show, find and follow Dr. Disha everywhere else: Twitter Website Facebook The Frugal Physician’s Facebook Group YouTube ----------- Please note: The content shared on the podcast is for informational purposes only and should not be considered individualized financial advice. It is essential to consult with professionals such as accountants, financial advisors, or attorneys to receive personalized guidance based on your specific needs.…
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Finding Financial Freedom with The Frugal Physician - Finance, Wellness, Budget, Student Loans, Wealth, Doctor, Fitness, Money
Dr. Disha interviews Ali and Josh, the dynamic duo behind The FI Couple. They discuss their transformation from living paycheck to paycheck with over $100,000 in debt to becoming successful real estate investors with a $1.4 million portfolio. They share insights into their real estate strategies, including house hacking and seller financing, and the balance between paying off debt and investing. The couple also talks about their social media platform, The FI Couple, which educates and inspires others to achieve financial independence. Their story is a testament to the power of perseverance, strategic planning, and community support. More on The FI Couple, Ali and Josh: Ali and Josh are the creators of The FI Couple, a platform dedicated to helping everyday people achieve financial independence through real estate investing and smart financial strategies. After starting their married life with over $100,000 in debt and working low-paying jobs, they discovered real estate investing as a path to financial freedom. They have since built a $1.4 million real estate portfolio, left their 9-to-5 jobs, and now educate others on personal finance and real estate through their social media channels and community. Ali and Josh live in Upstate New York and are passionate about helping others improve their financial situations. HIGHLIGHTS [00:01:00] - Allie and Josh's financial struggles and the turning point. [00:03:00] - Their first conversation about finances during wedding planning. [00:06:00] - Discovering Dave Ramsey and the fire movement. [00:07:00] - Transitioning from Dave Ramsey to real estate investing. [00:08:00] - First house hack and reducing living expenses. [00:11:00] - Aggressively paying off debt and the impact of side hustles. [00:13:00] - Buying the second house hack and living rent-free. [00:17:00] - Challenges and strategies in balancing work, investing, and life. [00:19:00] - Acquiring the third property and their approach to off-market deals. [00:21:00] - Launching The FI Couple and its unexpected success. [00:24:00] - Scaling their real estate portfolio and future goals. [00:27:00] - Leaving their 9-to-5 jobs and transitioning to full-time entrepreneurs. [00:28:00] - Income sources from rentals and The FI Couple platform. [00:30:00] - Providing education and mentorship through their platform. [00:31:00] - Managing properties and outsourcing maintenance tasks. —--- 👋 This episode is sponsored by PearsonRavitz – helping physicians safeguard their most valuable assets. —--- If you enjoyed the show, find and follow Dr. Disha everywhere else: Twitter Website Facebook The Frugal Physician’s Facebook Group YouTube ----------- Please note: The content shared on the podcast is for informational purposes only and should not be considered individualized financial advice. It is essential to consult with professionals such as accountants, financial advisors, or attorneys to receive personalized guidance based on your specific needs.…
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