A Physician’s Guide to Wealth - The Economic Worth of a Physician: Maximizing Your Hourly Rate

Financial Residency

Discover your economic worth as a physician in this episode of "The Life Well Lived: A Physician's Guide to Wealth" podcast. Host James Nutter breaks down the concept of your hourly rate as a physician and challenges you to consider the opportunity cost of spending time on tasks you're not a professional in.

Learn how prioritizing rest, recovery, and leveraging your strengths can increase your worth and bring more joy to your life. Don't miss this insightful episode that will help you take control of your time and live a more meaningful life.

Timestamp

Summary

0:01:06

Calculating the ROI on medical school investment

0:02:21

Determining your hourly rate as a physician

0:03:47

Importance of understanding and negotiating contractual duties

0:05:01

Shifting mindset to prioritize rest and recovery

0:06:29

Opportunity cost of DIY financial planning

0:08:16

Recommended time commitment for managing finances

0:10:44

Importance of surrounding yourself with a capable team

0:11:13

Increasing hourly rate by focusing on professional skills

0:12:14

Prioritizing rest, family time, and pursuing joy.

0:12:41

The opportunity cost of spending time on non-professional areas.

0:13:13

Reflection on strengths, weaknesses, and finding help.

0:14:17

How to spend time wisely and do what brings joy.

Trying to qualify for PSLF and unsure if you’re on track? Get James’s 100% Public Service Loan Forgiveness Checklist and Masterdashboard. Go to https://info.imwealth.com/pslf to learn more.

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