Do Doctors Really Need Emergency Funds?

One thing is sure. All of us will die at some point.  The question is what happens to your assets? To your financial legacy?  That is where trusts come in.  In this episode, Justin Harvey CFP and Dr. Jimmy Turner discuss all things trusts: irrevocable versus revocable trusts, living trusts, and more.

Every doctor needs own-occupation disability insurance.  To get it from a source you can trust? Visit https://moneymeetsmedicine.com/disability

Want a free copy of The Physician Philosopher’s Guide to Personal Finance?  Visit https://moneymeetsmedicine.com

Warrant Buffet says you don’t need international stocks in your investment portfolio.  Is this really true? Does Buffet even believe this himself?  Tag along as Justin Harvey CFP and Dr. Jimmy Turner discuss the pros and cons of international stocks, and whether they should make the cut in your portfolio.

Every doctor needs own-occupation disability insurance.  To get it from a source you can trust? Visit https://moneymeetsmedicine.com/disability

Want a free copy of The Physician Philosopher’s Guide to Personal Finance?  Visit https://moneymeetsmedicine.com

References:

https://www.blackrock.com/us/financial-professionals/insights/access-international-through-the-core 

Some high-income earners feel that an emergency fund is unnecessary.  Join in as we discuss the reasons this isn’t really true, AND where you should consider placing your emergency fund as a high-income earning medical professional.

Every doctor needs own-occupation disability insurance.  To get it from a source you can trust? Visit https://moneymeetsmedicine.com/disability

Want a free copy of The Physician Philosopher’s Guide to Personal Finance?  Visit https://moneymeetsmedicine.com

Have you ever thought about investing with a conscience? Maybe based for environmental, social, or governmental (ESG) reasons?  In this show, Justin Harvey CFP and Dr. Jimmy Turner discuss the merit and pitfalls of ESG investing. 

Every doctor needs own-occupation disability insurance.  To get it from a source you can trust? Visit https://moneymeetsmedicine.com/disability

Want a free copy of The Physician Philosopher’s Guide to Personal Finance?  Visit https://moneymeetsmedicine.com 

References:

https://hbr.org/2022/08/esg-investing-isnt-designed-to-save-the-planet

Alex Edmunds reference: https://www.youtube.com/watch?v=FkAecFr6aRo

When an employment agreement gets placed in front of most doctors, they look at the salary.  Maybe they look at the non-compete. But, that’s about where it stops.  On this show, we discuss the other important items in a physician contract that every doctor should be aware of before signing on the dotted line.

Want a free copy of The Physician Philosopher’s Guide to Personal Finance?  Visit https://moneymeetsmedicine.com

Looking to get own-occupation disability insurance from a source you can trust? Visit https://moneymeetsmedicine.com

The proponents of the Financial Independence Retire Early (FIRE) movement has many proponents often fail to mention a different kind of burn. The burnout that comes from saving too much and limiting your lifestyle to a bare minimum.  What if I told you there is an alternative to traditional FIRE called “Coast FIRE” that allows you to retire early without eating raman?

Want a free copy of The Physician Philosopher’s Guide to Personal Finance?  Visit https://moneymeetsmedicine.com 

Looking to get own-occupation disability insurance from a source you can trust? Visit https://moneymeetsmedicine.com

Join in as Dr. Jimmy Turner and Justin Harvey, a Certified Financial Planner, discuss whether The Four F's and if doctors would would benefit from a financial advisor. Have no idea how to figure out the good advisor from the one who wants to take advantage of you? 

On this show, we discuss some rules of thumb you can utilize to find the right financial advisor for you. We also discuss fee models for financial planners and the conflicts that exist within them

Want a free copy of The Physician Philosopher’s Guide to Personal Finance?   https://moneymeetsmedicine.com

Looking to get own-occupation disability insurance from a source you can trust? Visit https://moneymeetsmedicine.com/disability

Have you ever considered creating non-clinical income outside of medicine?  A lot of doctors have, and a recent report by Medscape shows it. Listen in as Justin Harvey, CFP and I discuss all things physician side gigs.

Looking to get own-occupation disability insurance from a source you can trust? Visit https://moneymeetsmedicine.com

Checkout the YouTube Channel: https://www.youtube.com/@MoneyMeetsMedicine

Medscape Physician Side Gig Report: https://www.medscape.com/slideshow/2023-side-gigs-rpt-6016717

Lowering the costs when investing is one of the key principles to investing success. The lower the cost/fees, the higher the returns over the long haul.

Did you know that the more you know about money, the lower your fees will be when you invest?  Did you also know that most people think they know more about money than they actually do, and that this is linked to higher fees when investing?

Looking to get own-occupation disability insurance from a source you can trust? Visit https://moneymeetsmedicine.com 

Checkout the YouTube Channel: https://www.youtube.com/@MoneyMeetsMedicine

FINRA Study: https://www.finrafoundation.org/sites/finrafoundation/files/How-Much-Are-You-Paying-Insight.pdf

Sometimes, it is time to pivot. To make a change.  And that’s what Dr. Jimmy Turner and Mike Kittner are doing.  Follow along as they discuss their journey into and out of the venture capital space. What was venture capitalism like? What did we learn? And what are we doing next?  All of that in this show and more.

 Want a free copy of The Physician Philosopher’s Guide to Personal Finance?  Visit https://moneymeetsmedicine.com  

Looking to contact Mike Kittner about own-occupation disability insurance? Shoot him an email at michael@moneymeetsmedicine.com