Physicians Financial Checkup Podcast

In Episode 22 of the Physicians Financial Checkup Podcast and YouTube Show, we dive deep into the world of Year End Tax Planning Considerations for medical professionals. As the year draws to a close, it's essential for doctors and healthcare providers to make informed financial decisions that can help them maximize their tax savings and secure their financial future.

Hosted by Brent Boden, this episode features expert insights and actionable tips from renowned tax professionals who specialize in serving the medical community. Whether you're a seasoned physician or just starting your medical career, you'll gain valuable insights on how to navigate the complex world of tax planning.

Tune in to learn about tax-efficient investment strategies, deductions and credits specifically available to medical professionals, retirement planning options, and much more. Our guests will break down the latest tax laws and regulations to help you make smart financial choices and keep more of your hard-earned money in your pocket.

Don't miss this essential episode as we provide the financial prescription you need to ensure a healthy and prosperous financial future.

For more information visit BrentBoden.com

Welcome to the Physicians Financial Checkup Podcast, your trusted source for financial wisdom tailored to the needs of healthcare professionals. In this illuminating episode, host Brent Boden is joined by a remarkable guest, Zach Lemaster, CEO of Renttoretirement.com, and a practicing optometrist. Together, they explore the path to financial freedom through strategic real estate investments.

Zach Lemaster brings a unique perspective to the table, combining his expertise in healthcare with his role as the head of Renttoretirement.com, a company specializing in turnkey solutions for property investment. Join us as we uncover the secrets to purchasing properties that not only maximize equity but also generate consistent cash flow, ultimately paving the way for financial independence.

Whether you're a physician, nurse, or any healthcare professional, this episode offers valuable insights into how real estate can be a powerful asset in your financial portfolio. Discover the steps, strategies, and resources you need to build wealth and secure your financial future.

Tune in as Brent and Zach discuss the various opportunities within the real estate market and how they align with the goals and aspirations of healthcare practitioners. Learn how you can diversify your investments and take control of your financial destiny.

If you're looking to harness the potential of real estate to achieve financial freedom or simply seeking expert advice on maximizing your equity and cash flow, don't miss this episode. Subscribe now to the Physicians Financial Checkup Podcast and take the first step toward unlocking your path to financial security and independence. Your future starts here!

Check out RenttoRetirement.com for more information about real estate investing.
Or BrentBoden.com for more information on financial education and coaching.

This Podcast Episode was recorded on Riverside.fm
And Hosted by Fusebox.fm

Welcome back to the Physicians Financial Checkup Podcast, hosted by Brent Boden. In this enlightening episode, we're joined by a distinguished guest, attorney Andrew Schierberg from Stages Elder Law & Estate Planning in Florence, KY. Together, they embark on a crucial discussion about estate planning and elder care planning tailored specifically to the unique needs of healthcare professionals.

Healthcare professionals dedicate their lives to caring for others, but who's looking out for their futures? Tune in as Andrew Schierberg delves into the essential elements of estate planning, starting with the creation of vital estate documents. Learn how these documents can protect your assets, ensure your healthcare wishes are honored, and secure a comfortable retirement.

Quality of care is a concern not just for patients but also for healthcare professionals as they age. Discover strategies and options that healthcare practitioners can explore to receive top-notch care while maintaining their financial security.

One of the most challenging aspects of estate planning can be having open and honest family discussions about your wishes. Andrew and Brent provide valuable insights and advice on how to initiate these crucial conversations, ensuring that your loved ones are well-informed and prepared.

If you're a healthcare professional seeking guidance on estate and elder care planning or looking to navigate the intricacies of securing your legacy, this episode is a must-listen. Join us as we unravel the complexities and empower you to make informed decisions about your future.

Don't miss this engaging conversation on the Physicians Financial Checkup Podcast. Subscribe now and gain the knowledge you need to safeguard your assets, plan for your elder care needs, and preserve your hard-earned legacy. Your peace of mind is just a click away!

Visit Stages Elder Law and Estate Planning or the Life Care Planning Network for elder law attorneys near you.
For more information about this show and resources visit BrentBoden.com.

This podcast is hosted by Fusebox.fm

Welcome to another insightful episode of the Physicians Financial Checkup Podcast, hosted by Brent Boden. In this episode, we are joined by a distinguished guest, Jay Mueller, President of Camargo Insurance in Cincinnati, OH. Together, they embark on a deep dive into the critical world of insurance for healthcare professionals.

The safety and financial well-being of healthcare professionals are paramount, and insurance plays a pivotal role in achieving this. Jay Mueller brings his wealth of expertise to the table as he sheds light on the multifaceted realm of property and casualty insurance for healthcare practitioners.

Tune in as they explore various facets of insurance coverage, including personal liability, renters, home, and auto insurance. Discover the essential safeguards every healthcare professional should have in place to protect their assets and reputation.

But that's not all; the discussion extends to the importance of business insurance, particularly in the context of healthcare practices. From malpractice insurance to cybersecurity measures, Brent and Jay delve into the critical considerations for safeguarding your practice and patients.

If you're a healthcare professional seeking comprehensive insurance guidance or simply looking to understand the ins and outs of property and casualty insurance, this episode is a must-listen. Join us as we uncover invaluable insights that can help you secure your financial future and protect what matters most.

Don't miss this engaging conversation on the Physicians Financial Checkup Podcast. Subscribe now and gain the knowledge you need to make informed decisions about your insurance needs. Your financial health depends on it!

To learn more about Camargo Insurance or Schedule Your Free Insurance Analysis.

For more information visit BrentBoden.com.

This episode was recorded using Riverside.fm recording studio.
Podcast Hosting by Fusebox.fm.

Welcome to the Physicians Financial Checkup Podcast where we delve into the financial insights that matter most to medical professionals.
 
 Today, I have the privilege of hosting David McKnight, a renowned author and expert in the financial services industry.  David is a graduate of Brigham Young University and for the past 23 years has helped thousands of Americans on the road to the zero percent tax bracket.  He has made frequent appearances on Forbes, USA Today, New York Times, Fox Business, CNBC, Kiplingers and numerous other national publications.
 
 With his bestselling book that launched in 2018 "The Power of Zero," that has sold over 350,000 copies!  For 2 consecutive years Forbes Magazine has ranked the Power of Zero as a top 10 financial resource in the country!  It was also recently made into a full-length documentary film entitled: The Power of Zero: The Tax Train is Coming.  And his follow up books  "Look Before Your LIRP," and "Tax-Free Income for Life," have empowered countless individuals to navigate the complex world of finance and taxation.
 
 Join us as we explore the wisdom David McKnight brings to the table.  Or pick up your copy of The Power of Zero.

For More Information visit BrentBoden.com.

Podcast Hosted by Fusebox.fm
Video Podcast Recorded on Riverside.fm

Today, we're talking about the importance of personal insurance coverages for healthcare professionals and their families. We'll discuss the different types of insurance and why they may be important, as well as how to think about the amount of coverage you may need.

In its simplest terms, insurance is a way to protect yourself from financial losses. When you buy insurance, you agree to pay a premium to an insurance company. In return, the insurance company agrees to pay you a certain amount of money if you suffer a loss that is covered by your policy.

For more information visit BrentBoden.com

Welcome to the Physicians Financial Checkup podcast, I am really excited on todays’ episode to bring you a guest speaker and expert who’s going to discuss an awesome strategy to make your income more efficient that promises to make your income work smarter, not harder.  He’s a renowned financial educator, speaker with over 6.2MM views on his Ted Talk, and the author of 4 books, with a mission to help people rethink their relationship with money and take control of their financial destinies!

I am thrilled to introduce you to Adam Carroll – the mind behind the revolutionary Shred Method, with over two decades of experience in the field, Adam has inspired countless individuals to optimize their income streams and create a life of abundance. 

To find out more about this episode go to BrentBoden.com
For more information about Adam Carroll or The Shred Method visit AdamCarroll.info.
To watch Adam's Ted Talk: What playing monopoly with real money taught me about my kids - and humanity visit Ted.com.

This final week of our 4 week series we're talking about the different types of traditional investment choices along with what to know about investment risk. Certainly this series hasn’t covered every type of investment choice, but hopefully this overview has covered some of the most important considerations on your investing journey and discussed some steps you can take to safeguard your financial future.

Understanding risk and returns on your investments along with contributions to the proper retirement and non-retirement investment accounts can help safeguard your financial future.

For more information check out BrentBoden.com

On this third of four episode series on investing, we are digging into Roth IRA’s and Backdoor Roth IRAs. We’ll discuss what they are, how they work, and the potential pros and cons of utilizing this retirement account strategy.

If you want to learn how to save for tax free retirement income, regardless of your current income bracket, you'll want to stay tuned! 

For More Information visit www.BrentBoden.com.

This episode is the second of our 4 week series on investing, we’re talking about the common types of retirement investment accounts offered by employers, self-employed or small businesses. We'll discuss the different types of accounts, their benefits and drawbacks, and who they're best suited for.

There are many different types of investment accounts available, and the best account for you will depend on your individual circumstances. It is important to do your research and compare different accounts before you make a decision.

For more information visit www.BrentBoden.com

Today starts a 4 week series about Investing. On this episode we start with Investing 101, we'll discuss the basics of automating savings, saving early and often with salary increases or bonuses, choosing low cost investment choices initially that fit your risk tolerance and goals, how to know when it's time you may need help investing and diversifying your portfolio, and what investing considerations you should know.

Find more information on BrentBoden.com

Welcome to the Physicians Financial Checkup podcast! In this episode, we're going to discuss what financial coaching is, what it isn't, and how it may help you to better prepare your finances for your journey to financial freedom. We'll also cover our 9-week framework for financial coaching.

At the Physicians Financial Checkup, our goal is to help your become more knowledgeable of your finances and create those lifelong healthy habits through financial coaching and education.

For more information about Financial Coaching check out BrentBoden.com/Coach.

Today, we're talking about paying off debt utilizing the snowball vs avalanche method with math examples. We'll also discuss how making an extra payment to principal between due dates can help reduce the interest paid on lending and ultimately the total repayment amount. And finally, we'll include quick tips like automating payments.

There are two main methods for paying off debt: the snowball method and the avalanche method. The snowball method focuses on paying off your smallest debts first, regardless of their interest rates. This can help you build momentum and stay motivated as you see your debts disappear. The avalanche method, on the other hand, focuses on paying off your debts with the highest interest rates first. This may save you more money in the long run, but it can be more difficult to stay motivated if you don't see any of your debts disappearing quickly.

For more information check out BrentBoden.com

Today, we're talking about managing student loan debt for medical professionals. We'll discuss what you should know about your loans, income repayment options, national programs for debt forgiveness or repayment, debt consolidation loans, and how to revisit your budget and work towards your savings goals while responsibly paying down debt.

For more information go to BrentBoden.com

For healthcare professionals, we know that knowledge is power. That's why it's so important to be financially literate. Financial literacy is the ability to understand and manage your money. It includes things like understanding your income and expenses, setting financial goals, and making sound financial decisions.

Check out some top resources from this episode at BrentBoden.com/Podcast.

Today, we're talking about building good financial habits for healthcare professionals. We'll discuss some specific strategies that can help you save money, pay off debt, and reach your financial goals.

Using the 50/30/20 Budget Tool you can track your expenses from your net income to cover 50% to your needs, 30% to your wants and 20% to savings.  We'll cover some additional tips to help understand your cash flow and budget as a foundation for your journey to financial freedom!

To schedule a free financial coaching consultation, visit brentboden.com/coach.

For more information about Brent Boden, visit brentboden.com.

What is financial stress?  If you’re a medical professional who struggles with financial stress you are not alone.  According to a Harris Poll in October 2022 found that nearly 7 in 10 healthcare workers find it stressful to manage their finances  PRNEWSWIRE .  It’s also one of the leading causes of burnout among financial professionals. 

 

On this episode we we talk through some of the factors that lead to financial stress for medical professionals, some money stressors as well as some tips to help reduce and refocus your energy to positive outcomes to reach your financial freedom goals.

 

Find more information on www.brentboden.com

Congratulations on becoming an attending physician! This is a major accomplishment, and it's also a time of great financial change. You're likely earning a much higher salary than you were as a resident, but you also have more expenses. It's important to make sure you're on track financially so that you can enjoy your new career and build a secure financial future.

That's why we're here to share 7 top financial tips for new attending physicians along with some growing family considerations.

For more information check out BrentBoden.com

Being a resident physician can be a challenging time financially. You're often working long hours and have a lot of debt to pay off. But there are some things you can do to set yourself up for financial success in the future.

Check out this episode for 7 top financial tips for resident physicians!

Find out more information at BrentBoden.com

As a mid to late career physician, you've likely achieved a lot financially. You may have paid off your student loans, saved for retirement, and bought a house and maybe a vacation home. But there are still some important financial considerations that you need to keep in mind as you approach retirement.

In this episode you'll find 6 financial tips for mid to late career physicians to prepare for retirement.

Find out more information on BrentBoden.com