Welcome back to the Finding Financial Freedom Podcast with Dr. Disha Spath.

Today, we’re celebrating a major milestone—our 100th episode! In this special edition, Dr. Disha is joined by her husband and guest host, Josh, for a heartfelt conversation that traces her journey from burnout to bold new beginnings—including why she’s launching her very own Direct Primary Care (DPC) practice.

From wild adventures in the Amazon to the decision to leave traditional practice behind, Disha opens up about the pivotal life moments that shaped her medical path and her renewed commitment to building a career—and life—that aligns with her values.

Key Topics Covered:

1. What Sparked the Calling to Medicine
Disha’s earliest motivations for becoming a doctor—and how those roots evolved.

2. Camping in the Amazon
How an outdoor expedition became a transformative experience.

3. Medical School and Major Life Events
Navigating med school while facing personal and professional challenges.

4. Falling in Love with the Outdoors
How reconnecting with nature shifted her priorities and fueled change.

5. Financial Reset with Josh
What it took for Disha and Josh to get on the same page financially.

6. The Burnout That Changed Everything
Recognizing the toll of traditional medicine—and deciding to do things differently.

7. Why She’s Starting a DPC Practice
What a Direct Primary Care model offers—and why this is her next chapter.

8. Keep the Frugal Physician Going
Starting a DPC while managing the Frugal Physician and Finding Financial Freedom Podcast

Listener Takeaways:

Connect with Us:

Host: Dr. Disha Spath, The Frugal Physician

If you're a physician looking to take control of your career, finances, and future, 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.

**Apologies in advance for any audio disruptions you may encounter in this show. We experienced technical difficulties and are actively working to fix it before our next episode!  

In this episode, Dr. Disha and her husband dive into a recap of Episode 12 featuring the remarkable journey of Dr. Stephanie Pearson. The focus is on Dr. Pearson's incredible transformation from a medical career to insurance brokerage after a career-altering injury.

The conversation takes an insightful turn as they shed light on the concerning lack of mental health coverage within the medical field. A thought-provoking comparison is drawn between this disparity and the comprehensive coverage extended to veterans under the VA system. The co-hosts passionately criticize the unfortunate denial of workers' compensation for physicians striving to continue their valuable work.

Beyond this, the episode delves into the realm of real estate investing, a topic that's both alluring and challenging. Dr. Disha and Josh explore its numerous advantages, including the potential for property appreciation, positive cash flow, attractive tax benefits, and the allure of diversification. They also candidly address the flip side, encompassing the initial costs of investment, the responsibilities of property maintenance, the potential challenges of tenant payments, and the intricacies of property management. Stressing the importance of thorough research, a firm grasp of the financial metrics, and the wisdom of seeking counsel from seasoned investors.

Were you aware of the various ways to finance real estate investments?

Looking for something specific? Here you go!

• 00:03:00 Lack of mental health coverage.
• 00:05:30 Importance of mental health advocacy.
• 00:11:26 Importance of mental health coverage.
• 00:19:46 Tax benefits of real estate.
• 00:22:02 Real estate offers tax benefits.
• 00:28:26 Real estate is a long-term investment.
• 00:35:38 Risks and expenses of real estate investing.
• 00:39:20 Real estate investing builds wealth.

Still listening? 

Check out Ep12: Physician Advocacy in Insurance: From Mental Health to Coverage with Dr. Stephanie Pearson. 

If you enjoyed the show, find and follow Dr. Disha everywhere else:

Twitter

Website

Facebook

The Frugal Physicians Facebook Group

YouTube (Coming Soon!)

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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.

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.

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👋  This episode is sponsored by PearsonRavitz – helping physicians safeguard their most valuable assets. 

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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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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.

Special thanks to our Title Sponsor, Set for Life Insurance – Life, Disability, and Long-Term Care Coverage for a secure future. 

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Dr. Disha talks about the first baby step for physicians, which is to protect their loved ones with insurance.

Dr. Disha shares a personal story about how she learned the importance of this step the hard way. Her father struggled with mental illness and took his own life at the young age of 35. With little life insurance and savings, Dr. Disha and her family had to start over with very little when they moved to the United States. This experience made her realize the importance of acquiring appropriate insurances and making an estate plan.

The first thing anyone should do when thinking about wealth building is to extend an umbrella of protection over their loved ones. It's easy to get caught up in wealth building, but the first step should be to acquire appropriate insurances and make an estate plan. Life insurance is critical if someone has dependents. Everyone should have enough life insurance to ensure a stable future for their spouse and children in case of their demise.

Dr. Disha created this podcast to share her story and provide guidance to those who feel trapped in their financial circumstances. Let's join forces, take charge of our finances, and work together towards the ultimate goal of financial freedom. 

Share this podcast with friends and colleagues who may benefit from this transformative journey. It's time to embrace change and embark on the path to financial freedom.

If you enjoyed the show, find and follow Dr. Disha everywhere else:

Twitter

Website

Facebook

The Frugal Physicians Facebook Group

YouTube (Coming Soon!)

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Looking for something specific in this show? Here you go!

[00:01:37] Protecting your loved ones. 

[00:03:49] Life insurance and estate planning. 

[00:07:19] Importance of life insurance. 

[00:11:03] Own occupation disability policy. 

[00:14:44] Health insurance plans. 

[00:17:05] Protecting assets in marriage. 

[00:21:23] Emergency Funds for Unexpected Expenses. 

[00:24:15] Estate planning and inheritance. 

[00:27:32] Consult with professionals.

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.

Special thanks to our Title Sponsor, @PearsonRavitz– Life, Disability, and Long-Term Care Coverage for a secure future. 

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We’re STILL on Baby Step 5 - Max Out All Tax Protected Space!

In this episode, Dr. Disha continues with the 8 Baby Steps of financial independence, discussing asset allocation and building an investment portfolio. She emphasizes the importance of passive index investing and diversification, providing tips on choosing funds with low costs. 

Link to the Retirement Plans Cheat Sheet

Dr. Disha also delves into the concept of asset location and covers the insurances available for different types of investments. The episode concludes with a reminder of the significance of investing and compounding over time.

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Dr. Disha created this podcast to share her story and provide guidance to those who feel trapped in their financial circumstances. Let's join forces, take charge of our finances, and work together towards the ultimate goal of financial freedom. 

Share this podcast with friends and colleagues who may benefit from this transformative journey. It's time to embrace change and embark on the path to financial freedom.

If you enjoyed the show, find and follow Dr. Disha everywhere else:

Twitter

Website

Facebook

The Frugal Physicians Facebook Group

YouTube (Coming Soon!)

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Looking for something specific in this show? Here you go!

[00:00:00] Introduction and sponsor acknowledgment

[00:02:00] Recap of previous baby steps

[00:03:32] Overview of asset allocation for investment portfolios

[00:05:36] Recommended percentages of stocks, bonds, and other asset classes

[00:07:25] The benefits of passive index investing

[00:08:55] Factors to consider when designing a portfolio

[00:12:04] Evaluating the expense ratios of funds

[00:15:26] Allocating investments based on account types and tax efficiency

[00:17:55] Choosing a fee-only fiduciary advisor for professional assistance

[00:19:00] Understanding FDIC and SIPC insurance coverage

[00:23:21] Importance of investor behavior and setting investing goals

[00:25:00] Final thoughts on the power of compounding

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.

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:

1. From Radiologist to Industry Leader

   • How Dr. Nisha built Physician Side Gigs into a movement.

2. The Challenges of Social Media Influence

   • The trials and lessons of leading a large online community.

3. Navigating Burnout in Medicine

   • Identifying burnout early and strategies for prevention.

4. Driving Change in Your Industry

   • How to turn ideas into impactful action.

5. Overcoming the Struggles of Entrepreneurship

   • The financial and mental hurdles of building a business.

6. Managing Cash Flow During Economic Uncertainty

   • Practical solutions for physicians facing financial challenges.

7. 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.

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:

1. Getting Started in Real Estate

   • How Dr. Gelerie and Erik transitioned from medicine and marketing into investing.

2. Buying & Renting Their First Property

   • Lessons learned from their first real estate deal.

3. Understanding Market Cycles

   • How real estate moves in cycles and why timing matters.

4. Building Systems & Relationships for Long-Term Success

   • The key to scaling a real estate business efficiently.

5. Shifting Careers & Investing with Confidence

   • How a mindset shift helped them navigate new opportunities.

6. Investing creatively

   • Creative financing strategies that work.

7. 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 Kiyosaki
• 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.

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.

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👋  This episode is sponsored by PearsonRavitz – helping physicians safeguard their most valuable assets. 

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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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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.

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.

Ethan Nkana, founder of Rocky Mountain Physician Agency, talks about his work in advocating for fair compensation and equitable work conditions for doctors. The focus is especially on addressing the wage gap for women in medicine. Ethan shares his insights on hospital finance, negotiations, and strategies to achieve fair pay. He emphasizes the importance of open discussions about salaries among physicians and advises them to renegotiate their contracts proactively.

Learn more about Ethan Nkana:

Ethan A. Nkana is the founder of Rocky Mountain Physician Agency and an advocate for fair physician compensation. With a rich background in hospital finance, operations, and law, Ethan combines his legal and business expertise to champion equitable work conditions for doctors. Motivated by personal experiences and the disparities witnessed in healthcare, his work is especially focused on bridging the wage gap for women in medicine. Ethan's approach is marked by a deep understanding of healthcare economics and a commitment to empowering physicians through effective negotiation and financial literacy.

Looking for something specific? Here you go:

[00:00:00] Introduction to Ethan Nkana and the episode topic.

[00:01:00] Discussion on weather and personal updates.

[00:02:00] Ethan's background and motivation behind RMPA.

[00:03:00] Insights into Ethan's career transition and focus on helping doctors.

[00:04:00] Ethan's experience in hospital administration and finance.

[00:05:00] The role of Ethan's mother in shaping his career focus.

[00:06:00] The wage gap issue in medicine and its impact on women physicians.

[00:07:00] Addressing skepticism around the gender wage gap data.

[00:08:00] Real-life examples of wage negotiation success stories.

[00:09:00] Debunking myths around gender-based wage discrepancies.

[00:10:00] Discussion on the systemic biases in healthcare compensation.

[00:11:00] Ethan's take on negotiation challenges for female doctors.

[00:12:00] The systemic issues in medicine affecting wage disparities.

[00:13:00] Personal experiences of gender-based discrepancies in the workplace.

[00:14:00] The emotional and professional impact of changing jobs for doctors.

[00:15:00] The importance of legal counsel in contract negotiations.

[00:16:00] The challenge of leaving a medical practice and patient relationships.

[00:17:00] Overview of RMPA's services and billing model.

[00:18:00] The unique approach of RMPA in renegotiating doctor contracts.

[00:19:00] The financial benefits of renegotiating contracts with RMPA's help.

[00:20:00] Details on the fee structure and success stories of RMPA.

[00:21:00] The importance of physician commitment in the negotiation process.

[00:22:00] Unique aspects of negotiating for female doctors.

[00:23:00] The importance of maintaining professional relationships during negotiations.

[00:24:00] Gender-based differences in focus during contract negotiations.

[00:25:00] The perceived negotiation skills gap between male

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 Physicians Facebook Group

YouTube

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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.

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.

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.

Physician on Fire, a blog and community founded by Dr. Leif Dahleen, is evolving with the addition of Dr. Nirav Shah and Dr. Jorge Sanchez. Their shared mission is to empower physicians to take control of their financial well-being. They aim to provide a comprehensive financial plan tailored to individual circumstances using data and software, helping doctors achieve various forms of financial independence.

Learn more about the POF Partners:

Dr. Leif Dahleen, Founder of Physician on Fire (2016)

In 2014, Leif planted the seeds for Physician on Fire, driven by the observation that physicians, despite their high incomes, often struggled with managing their finances. As a former anesthesiologist who achieved financial independence at the age of 39 and early retirement at 43, Leif is committed to enlightening, educating, and entertaining others in similar situations. His unique insights and financial expertise are shared through this platform, offering free tools and information to help you reach your financial goals.

Jorge Sanchez, M.D.

Dr. Jorge Sanchez's journey into medicine began with a profound act of compassion when he donated a kidney to his mother. He pursued a career as a physician and served as a clinical professor at Rutgers University Medical School. As an internist, Jorge dedicated himself to hospital medicine and working with underserved Latino populations and rural healthcare systems. He co-founded a hospitalist company in South Florida, which he successfully exited. His entrepreneurial spirit led him to co-found Alertive.com with Dr. Nirav Shah, and the company was eventually sold to Carbon Health. Jorge's diverse experiences have allowed him to reach financial independence and early retirement (FIRE).

Nirav Shah, M.D.

Dr. Nirav Shah is a neurologist with an impressive background, having served as the stroke director of Swedish Neuroscience in Seattle, overseeing the largest stroke program in the Pacific Northwest. His expertise extends beyond medicine, as he also ventured into the tech industry, co-founding Alertive.com. The company's eventual sale to Carbon Health marked a significant milestone on his journey to financial independence and optional retirement (FIRE). Dr. Shah is dedicated to helping physicians and others achieve financial freedom, enabling them to pursue their dreams and aspirations.

The partnership formed in 2023 between Leif, Jorge Sanchez, Vinci Palad, and Nirav Shah strengthens Physician on Fire's ability to serve the financial needs of high-earning professionals. Together, they are committed to sharing their knowledge and experiences to empower others in their pursuit of financial independence and early retirement.

Looking for something specific? Here you go!

00:04:10 Remote patient monitoring is crucial. 

00:06:00 FATFIRE: Financial independence without sacrifices. 

00:11:01 Motivated by family, burnout, opportunity. 

00:17:28 Reducing "Doc on Doc" crime. 

00:21:14 Physician on Fire expanding possibilities. 

00:24:20 Physicians need financial guidance and support. 

00:28:47 Educate on options for success.

This episode is brought to you by… 

PearsonRavitz– helping physicians find the right disability insurance for their individual needs.

Still listening? 

Check out Ep11: Physician Advocacy in Insurance: From Mental Health to Coverage with Dr. Stephanie Pearson. 

If you enjoyed the show, find and follow Dr. Disha everywhere else:

Twitter

Website

Facebook

The Frugal Physicians Facebook Group

YouTube (Coming Soon!)

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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.

Late-start financial independence journey refers to the process of achieving financial freedom later in life, typically after making financial mistakes and not focusing on saving and investing earlier on. This journey often involves individuals realizing the need to change their financial habits and make significant adjustments to their lifestyle in order to reach their financial goals.

In this episode featuring Dr. Bill Yount, a practicing emergency medicine physician, he shares his personal experience of discovering the path to financial independence later in life. Dr. Yount describes his journey as a physician, starting with a lifestyle-inflated paycheck-to-paycheck lifestyle. He came out of residency with significant credit card and student loan debt, and like many physicians, he bought a big house and a new car without paying much attention to his finances.

Dr. Yount admits that he and his family did not have a clear understanding of their net worth, their spending habits, or their saving strategies. They lived with the mindset that if they could make the monthly payments, they could afford it. However, as time went on, their lifestyle continued to inflate, and they found themselves waking up at the age of 50, realizing that they had not adequately prepared for retirement.

Listen to what he did next. 

Learn more about Dr. Bill Yount:

Meet Bill Yount, a 57-year-old Emergency Physician, happily married with fraternal twin boys. He learned how to care for people’s health without learning how to care for his own money and financial well-being.

Bill is a late-starter who woke up to Financial Independence at 50. He lived largely a paycheck-to-paycheck existence in the rat race, on the hedonic treadmill. He spent first and saved last. He knew largely nothing about investing and personal finance. It seems like he made the most mistakes in the financial book. Waking up was painful, full of what-if regrets and shame. Recovery has been hard but oh so rewarding.

His mission is to help other late starters start now and get others to start as early as possible on their individual journeys to financial independence. Money is a powerful tool and about mindset, mechanics, and life. We all deserve to live a balanced life of financial freedom and time abundance.

Here's where to connect:

Catching Up to FI Website

Facebook Groups - Catching up to FI and Financial Literacy Project.

Looking for something specific? Here you go

00:00:07 Late starters can still achieve financial independence.

00:09:26 Downsizing and saving for retirement.

00:14:48 Embrace saving and intentionality.

00:19:11 Be mindful of financial priorities.

00:23:19 Take action to overcome financial regret.

00:28:17 Financial plan for late starters.

00:32:00 Financial plan is crucial for success.

00:38:06 Never too late for financial freedom.

This episode is brought to you by… 

PearsonRavitz– helping physicians find the right disability insurance for their individual needs.

If you enjoyed the show, find and follow Dr. Disha everywhere else:

Twitter

Website

Facebook

The Frugal Physicians Facebook Group

YouTube (Coming Soon!)

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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.

Special thanks to our Title Sponsor, @PearsonRavitz– Life, Disability, and Long-Term Care Coverage for a secure future. 

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We’re on Baby Step 5 - Max Out All Tax Protected Space!

In this episode, Dr. Disha discusses the importance of maximizing tax-advantaged retirement accounts. She explains the concept of compound interest and how it can contribute to long-term wealth building. Dr. Disha also provides an overview of various retirement account options, including 401(k)s, 403(b)s, IRAs, and HSAs. She emphasizes the need to assess individual circumstances and choose the most suitable retirement accounts to maximize contributions. 

Dr. Disha also addresses different investment options, including mutual funds, index funds, ETFs, bonds, cash equivalents, alternative investments, commodities, cryptocurrencies, hedge funds, private equity, and collectibles. She highlights the benefits and risks associated with each asset class and provides an overview of their characteristics. 

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Dr. Disha created this podcast to share her story and provide guidance to those who feel trapped in their financial circumstances. Let's join forces, take charge of our finances, and work together towards the ultimate goal of financial freedom. 

Share this podcast with friends and colleagues who may benefit from this transformative journey. It's time to embrace change and embark on the path to financial freedom.

If you enjoyed the show, find and follow Dr. Disha everywhere else:

Twitter

Website

Facebook

The Frugal Physicians Facebook Group

YouTube (Coming Soon!)

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Looking for something specific in this show? Here you go!

[00:00:00] Introduction and podcast overview

[00:01:17] Recap of previous baby steps

[00:02:01] The power of compound interest

[00:02:40] Tax advantages of retirement accounts

[00:04:05] Explaining the backdoor Roth IRA strategy

[00:05:00] The benefits of health savings accounts (HSAs)

[00:06:00] Overview of different retirement account options

[00:07:01] Considerations for maximizing tax-advantaged space

[00:08:00] Importance of taking advantage of available retirement accounts

[00:21:44] Understanding mutual funds and load fees

[00:22:00] Introduction to index funds and their passive nature

[00:22:35] Actively managed funds vs. index funds

[00:22:46] Jack Bogle's quote on index fund investing

[00:23:00] Exploring exchange-traded funds (ETFs)

[00:23:28] Introduction to bonds and their fixed income nature

[00:24:00] Different types of bonds, including municipal bonds and treasury bonds

[00:25:00] Risks associated with bonds, such as credit risk and interest rate risk

[00:26:00] SVB's collapse as an example of interest rate risk

[00:27:01] Overview of cash equivalents, including CDs and money market funds

[00:28:00] Introduction to alternative investments like real estate, REITs, and commodities

[00:29:00] Exploring cryptocurrencies, hedge funds, private equity, and collectibles

[00:30:52] Acknowledging the variety of asset classes available for investment

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.

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.

Dr. Latifat Akintade, a respected gastroenterologist and author, shares her transformative journey from financial stress to empowerment. As the founder of MoneyFitMD School, she helps women physicians regain control of their finances and create wealth without compromising their well-being. 

Dr. Latifat highlights the unique challenges faced by physicians and the desire for autonomy after years of training. The conversation explores strategies, stories, and wisdom that can liberate individuals from money-related stress and pave the way towards a fulfilling and abundant life.

This episode is brought to you by… 

Set for Life Insurance – Life, Disability, and Long-Term Care Coverage for a secure future. 

Learn more about Dr. Latifat:

Dr. Latifat Akintade, a respected gastroenterologist and the visionary behind MoneyFitMD School. She understands the unique challenges faced by physicians, the weight of financial burdens, and the desire for autonomy after years of training. Dr. Akintade is also the author of the empowering book, "Done with Broke," a testament to her journey from financial stress to empowerment.

Based in California, Dr. Latifat's mission to prevent burnout and cultivate a love-driven medical practice led her to discover the path of financial freedom. Her program, MoneyFitMD School, has been a guiding light for women physicians nationwide. Join us as we unravel the strategies, stories, and wisdom that can liberate us from money-related stress and pave the way towards a fulfilling and abundant life.

Find Dr. Latifat on her website. 

Looking for something specific? Here you go!

00:00:12 Overcoming money-related stress and anxiety. 

00:06:30 Take action, overcome perfectionism. 

00:13:26 Change money mindset for success. 

00:17:21 Silence external pressures, follow internal guidance. 

00:19:11 Normalize seasons, embrace change. 

00:24:09 Invest in assets for success. 

00:32:30 Embrace fear, transform your life. 

00:33:16 Rest is part of wealth. 

Still listening? 

Check out Ep1: A Journey to Empowerment. At a breaking point in my medical career, I discussed how my burn out was more than the job and had a lot to do with the choices I was making with money. 

If you enjoyed the show, find and follow Dr. Disha everywhere else:

Twitter

Website

Facebook

The Frugal Physicians Facebook Group

YouTube (Coming Soon!)

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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.

Special thanks to our Title Sponsor, PearsonRavitz – Safeguarding the futures of physicians with disability insurance. 

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Building upon her last episode where she covers Baby Step 1: Protect and Baby Step 2: Starter Emergency Fund, Dr. Disha offers her insight on Baby Step 3:  Start Investing and Game Plan Student Loans in episode 5. 

Managing student loan debt, investing for the future, and building an emergency fund are critical to achieving financial freedom. Dr. Disha emphasizes the importance of starting to invest early to take advantage of compound interest. This powerful mathematical money strategy involves earning interest, adding to the principal, and earning even more interest the next month and so on. 

Furthermore, Dr. Disha provides examples of how investing $2,000 per month for 35 years with an average of 5% interest can result in over $2 million with compounding interest, compared to only $882,000 with simple interest. She notes that compounding takes time to reach a critical mass for exponential growth and that medical professionals may have lost a decade of investing compared to their non-medical peers due to being in training. 

This episode encourages listeners to use a compound interest calculator to see the potential impact of investing early and highlights the power of saving and investing to exponentially change one's life.

Dr. Disha created this podcast to share her story and provide guidance to those who feel trapped in their financial circumstances. Let's join forces, take charge of our finances, and work together towards the ultimate goal of financial freedom. 

Share this podcast with friends and colleagues who may benefit from this transformative journey. It's time to embrace change and embark on the path to financial freedom.

If you enjoyed the show, find and follow Dr. Disha everywhere else:

Twitter

Website

Facebook

The Frugal Physicians Facebook Group

YouTube (Coming Soon!)

-----------

Looking for something specific in this show? Here you go!

[00:03:35] Compound interest and investing. 

[00:04:14] Compound interest and exponential growth. 

[00:09:21] Safe withdrawal rates for portfolios. 

[00:14:28] Retirement savings incentives. 

[00:18:06] Retirement investing and debt. 

[00:21:45] Student loan forgiveness plans. 

[00:25:47] Loan forgiveness and repayment plans. 

[00:30:05] Student loan forgiveness options. 

[00:34:04] Paying off student loans. 

[00:38:33] Safeguarding your future.

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.

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.

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👋  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.

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.

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.

Dr. Disha shares her recent family trip to Spain and provides valuable financial tips for the holiday season. She discusses the balance of enjoying guilt-free travel while being financially prudent, tips for booking travel economically, and the importance of smart spending in different countries. 

Additionally, Dr. Disha delves into end-of-year financial tasks, including maximizing retirement account contributions, Backdoor Roth IRA, HSA contributions, and effective use of credit card benefits. She emphasizes the importance of tax loss harvesting, rebalancing portfolios, and reassessing insurance needs, all while sharing her personal experiences and strategies for maintaining financial freedom.

Looking for something specific? Here you go:

00:14:15. Year-end financial tasks and planning

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 Physicians 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.

Dr. Disha explores the topic of income protection in the healthcare gig economy with Jamie K. Fleischner. With a focus on locum tenens professionals, Jamie, leveraging her extensive experience since 1993, underscores the need for tailored disability insurance solutions. 

She highlights the transition from traditional employment to freelance roles in healthcare, emphasizing the importance of securing income through comprehensive insurance policies. Key takeaways include the value of own occupation coverage, strategies for policy customization, and insights into navigating the claims process for diverse medical scenarios.

More on Jamie Fleischner:

Jamie K. Fleischner, CLU, ChFC, LUTCF, is the President of Set For Life Insurance and a leading authority on income protection and disability insurance. Since entering the insurance industry in 1993, Jamie has dedicated her career to empowering individuals, especially freelance healthcare professionals

Looking for something specific? Here you go:

[00:01:00] - Jamie Fleischner introduces her background in the insurance industry.

[00:02:00] - Discussion about physicians' experiences with disability claims.

[00:04:00] - Overview of changing trends in insurance for locum tenens.

[00:05:00] - Importance of disability insurance for locum tenens explained.

[00:07:00] - Key features to look for in a disability insurance policy.

[00:09:00] - Required documentation for income verification in insurance.

[00:11:00] - The significance of residual or partial disability riders.

[00:13:00] - A success story highlighting the value of income protection.

[00:17:00] - Future trends in insurance needs for locum tenens physicians discussed.

[00:22:00] - Special considerations for locum tenens working with companies versus per diem.

This episode is sponsored by

Contract Diagnostics - A nationwide physician contract consulting company, not a law firm that specializes 100% in physician contract review.

If you enjoyed the show, find and follow Dr. Disha everywhere else:

Twitter

Website

Facebook

The Frugal Physicians 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.

Dr. Jimmy Turner's entrepreneurial journey began when he started his own business called The Physician Philosopher. He initially started as a solopreneur, figuring things out on his own and learning along the way. He had to navigate the process of setting up an LLC, getting an employer identification number, and opening a bank account. Despite the challenges, he believed that there was nothing he couldn't learn if he put his mind to it.

In the first couple of years, Dr. Turner didn't pay himself a substantial amount from his business. In fact, he didn't pay himself at all for the first 18 to 20 months. He was working 60 hours a week as an anesthesiologist and putting an additional 20 to 25 hours into his business. He was working more after residency than he did during residency.

Dr. Turner's business initially started as a blog where he wrote three posts a week and sought out sponsors. Over time, it grew into something more. He wrote a couple of books, started a podcast, and even launched a coaching program. His focus was on helping physicians use financial independence to combat burnout and achieve financial wellness.

In February, Dr. Turner took a new step in his entrepreneurial journey by joining a venture capital-backed startup called Attend as a chief medical officer and co-founder. This marked a transition from running his own business to being a part of a larger organization. The growth and success he experienced in his own business led him to this new opportunity.

Learn more about Dr. Jimmy Turner:

Dr. Jimmy Turner is a practicing anesthesiologist, entrepreneur, and life coach for doctors. He is the host of the Money Meets Medicine podcast and the author of the book "Determined: How Burned Out Doctors Can Thrive in a Broken Medical System." Dr. Turner started his journey as a blogger, creating The Physician Philosopher, which eventually grew into a successful business offering courses and coaching to help physicians achieve financial wellness.

He recently became the co-founder and Chief Medical Officer of Attend, a venture capital-backed startup that aims to provide comprehensive financial solutions for medical professionals. Dr. Turner's passion for helping doctors navigate burnout and achieve financial independence has made him a respected figure in the personal finance world.

Find and connect with Dr. Turner on his website. 

Looking for something specific? Here you go:

• 00:00:27 Transition from blogger to entrepreneur. 

• 00:05:13 Transition from blog to business. 

• 00:13:39 Separate personal and business decisions. 

• 00:15:49 Importance of coaching in entrepreneurship. 

• 00:23:53 Building a trusted financial solution. 

• 00:29:29 Importance of disability insurance. 

• 00:33:03 Navigating disability insurance is crucial.

• 00:37:36 Importance of listening to children.

This episode is brought to you by… 

PearsonRavitz– helping physicians find the right disability insurance for their individual needs.

If you enjoyed the show, find and follow Dr. Disha everywhere else:

Twitter

Website

Facebook

The Frugal Physicians Facebook Group

YouTube (Coming Soon!)

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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.

 This episode features Dr. Lisha Taylor, who discusses her role as a primary care sports medicine physician and a wealth and wellness coach. She details her background, her education in public policy and economics, and her initial foray into institutional finance before choosing a career in medicine. Dr. Taylor highlights the importance of personal finance for physicians, her experience with student debt, and her strategies for financial independence. She emphasizes the need for physicians to be financially literate and aware of potential pitfalls in personal finance, advocating for a proactive approach to wealth building.

More on Dr. Lisha Taylor:

Dr. Lisha Taylor is a primary care sports medicine physician and a wealth and wellness coach dedicated to improving the financial literacy of medical professionals. With a rich background that spans public policy, institutional finance, and medicine, Dr. Taylor brings a unique perspective to personal finance in the healthcare industry. She is the host of the Wealth Minded MD podcast, where she shares her insights and experiences to help physicians achieve financial security and live life on their own terms. Beyond her work in finance, Dr. Taylor continues to practice medicine, applying her holistic approach to patient care and personal growth.

Looking for something specific? Here you go:

[00:01:00] Dr. Taylor shares her background and passion for both sports medicine and personal finance.

[00:02:00] Exploring Dr. Taylor's academic journey and her early interest in entrepreneurship and finance.

[00:04:00] Decision to pursue medicine over Wall Street, focusing on making a meaningful impact.

[00:07:00] Dr. Taylor discusses the challenges of student debt and its influence on her career path.

[00:09:00] The transition from addressing personal debt concerns to broadening her mission to empower other physicians financially.

[00:12:00] Expansion of Dr. Taylor's outreach through financial literacy for the medical community.

[00:17:00] Insights into the flexibility and willingness to pivot in entrepreneurship.

[00:20:00] Negotiating work arrangements for a better work-life balance and maintaining her financial education initiatives.

[00:23:00] Dr. Taylor's current financial goals and strategies, including dealing with unique loan situations and maximizing wealth building.

This episode is sponsored by 

PearsonRavitz – helping physicians safeguard their most valuable assets. 

Also sponsored by PracticeLink – More than just a job board; they are a lifeline. 

If you enjoyed the show, find and follow Dr. Disha everywhere else:

Twitter

Website

Facebook

The Frugal Physicians Facebook Group

YouTube 

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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.

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.

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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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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.

Special thanks to our Title Sponsor, Set for Life Insurance – Life, Disability, and Long-Term Care Coverage for a secure future. 

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Dr. Disha reveals the path to financial freedom through 8 tailored baby steps designed specifically for physicians. She emphasizes the importance of transforming our mindset, distinguishing between assets and liabilities, eliminating high-interest debts, and embracing the FIRE movement. With determination, discipline, and adherence to these steps, we can regain control of our financial lives, reach milestones of solvency, health, and independence, and ultimately create a future where work is a choice and financial worries are a thing of the past. 

Driven by Dr. Disha's mission of financial enlightenment, we join countless doctors and high-income professionals in this inspiring quest for financial independence, one step at a time.

Dr. Disha created this podcast to share her story and provide guidance to those who feel trapped in their financial circumstances. Let's join forces, take charge of our finances, and work together towards the ultimate goal of financial freedom. 

Share this podcast with friends and colleagues who may benefit from this transformative journey. It's time to embrace change and embark on the path to financial freedom.

If you enjoyed the show, find and follow Dr. Disha everywhere else:

Twitter

Website

Facebook

The Frugal Physicians Facebook Group

YouTube (Coming Soon!)

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Looking for something specific in this show? Here you go!

[00:15:21] Step 1: Create a Budget and Track Your Spending

[00:15:39] Step 2: Build an Emergency Fund

[00:16:04] Step 3: Protect Yourself with Adequate Insurance

[00:16:24] Step 4: Tackle High-Interest Debt

[00:16:50] Step 5: Maximize Retirement Contributions

[00:17:13] Step 6: Save for Short-Term Goals

[00:17:31] Step 7: Pay Off Low-Interest Debt

[00:17:50] Step 8: Build Wealth and Achieve Financial Independence

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.

Dr. Devon Gimbel and Dr. Disha discuss credit card points hacking and kick off the discussion starting with sign-up bonuses, moving on to optimizing spending, and leveraging travel partnerships for maximum value. Dr. Gimbel’s approach emphasizes strategic card selection, maximizing every purchase, and using points efficiently for travel, including first-class experiences. This episode is a treasure trove for anyone looking to elevate their travel hacking game and enjoy luxury travel through smart financial strategies.Dr. Devon Gimbel and Dr. Disha discuss credit card points hacking and kick off the discussion starting with sign-up bonuses, moving on to optimizing spending, and leveraging travel partnerships for maximum value. Dr. Gimbel’s approach emphasizes strategic card selection, maximizing every purchase, and using points efficiently for travel, including first-class experiences. This episode is a treasure trove for anyone looking to elevate their travel hacking game and enjoy luxury travel through smart financial strategies.

More on Dr. Devon Gimbel:

Dr. Devon Gimbel, a retired physician turned credit card points aficionado, is renowned for her ability to turn everyday spending into free travel. After years in medicine, Devon redirected her analytical skills towards mastering the complex world of credit card rewards, becoming a sought-after expert. She runs a popular online course and Facebook group where she shares her advanced strategies, helping others unlock the secrets to luxurious travel without the hefty price tag.

Looking for something specific? Here you go:

00:00:11 - Introducing Dr. Devon Gimbel

00:00:34 - Greetings and Excitement for Advanced Credit Card Hacking

00:01:16 - Levels of Learning Credit Card Points

00:02:52 - Advanced Techniques for Earning Points

00:05:49 - Redeeming Points: Basic vs. Advanced Techniques

00:07:48 - The Value of Transfer Partners

00:09:25 - Example of Points Redemption Value

00:15:09 - Calculating Redemption Value

00:17:16 - Simplifying Points Redemption for Friends

00:21:43 - Earning Points More Efficiently

00:27:57 - Educating Your Partner on Credit Card Points

00:38:00 - Earning Points on Educational Expenses

This episode is sponsored by 

PearsonRavitz– helping physicians safeguard their most valuable assets. 

Also sponsored by Contract Diagnostics - A nationwide physician contract consulting company, not a law firm that specializes 100% in physician contract review.

If you enjoyed the show, find and follow Dr. Disha everywhere else:

Twitter

Website

Facebook

The Frugal Physicians Facebook Group

YouTube 

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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.

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.

Dr. Disha introduces Tyler Olson, a financial advisor from Olson Consulting, LLC, specializing in helping medical professionals with their financial planning. Tyler discusses his background, the influence of his father's career, and his decision to focus on medical professionals' financial needs. He addresses the unique financial challenges faced by early career physicians, such as managing student debt, investment strategies, and the importance of early financial planning. Tyler also provides insights into the psychological aspects of financial decision-making and offers practical advice for financial literacy and management.

Learn more about Tyler Olson:

Tyler Olson, founder of Olson Consulting, LLC, is a financial advisor dedicated to aiding medical professionals in navigating their unique financial landscapes. With a background heavily influenced by his father, also a financial planner, Tyler learned the intricacies of financial management from a young age. Initially a generalist in financial planning, he later shifted his focus to specifically cater to the needs of physicians, driven by a desire to bridge the gap between medical education and financial literacy. His firm offers personalized advice, focusing on individual situations and problems, particularly in investment management, student debt, and retirement planning.

Find Tyler on his website: https://www.olsonconsultingmi.com/ 

Looking for something specific? Here you go:

[00:04:00] Fee structure and services provided by Tyler Olson

[00:05:00] Tyler's approach to financial advising and education

[00:06:00] The impact of Tyler's father on his career choice

[00:07:00] Financial decisions affecting quality of life

[00:08:00] Case studies and examples in financial advising

[00:09:00] Balancing financial priorities for medical professionals

[00:10:00] Advice for early attending physicians on financial management

[00:11:00] The importance of investing and retirement planning

[00:12:00] Addressing student debt alongside investing

[00:15:00] Discussion on Backdoor Roth and financial prioritization

[00:16:00] The impact of tax brackets on retirement planning

[00:17:00] Balancing major financial decisions and life changes[00:18:00] Perspectives on physician mortgages and loans

[00:19:00] Risks and considerations of zero-down mortgages

[00:20:00] The influence of past financial crises on current advice

[00:21:00] Real-life scenarios and decisions in home buying

[00:22:00] Sticking to financial plans during uncertain times

[00:23:00] The challenge of predicting financial markets

[00:24:00] Financial literacy for medical students and trainees

[00:25:00] Free financial education resources offered by Tyler Olson

[00:26:00] Recommended financial books and expert resource

[00:27:00] Tips for enhancing quality of life through financial decisions

[00:28:00] The value of writing down financial goals and plans

[00:29:00] The role of money as a tool for achieving life goals

[00:30:00] Conclusion and future plans of Tyler Olson

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 Physicians Facebook Group

YouTube (Coming Soon!)

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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.

Despite having COVID, Dr. Disha proceeds to recap the previous Baby Steps, which involve achieving financial milestones like paying off debts, investing, and building emergency funds. Baby Step 8 involves saving for children's college education, potentially buying a house, and considering various investment options. Dr. Disha encourages her listeners to make intentional decisions, seek professional advice if needed, and ultimately create financial stability and freedom in their lives.

Dr. Disha created this podcast to share her story and provide guidance to those who feel trapped in their financial circumstances. Let's join forces, take charge of our finances, and work together towards the ultimate goal of financial freedom. 

Share this podcast with friends and colleagues who may benefit from this transformative journey. It's time to embrace change and embark on the path to financial freedom.

If you enjoyed the show, find and follow Dr. Disha everywhere else:

Twitter

Website

Facebook

The Frugal Physicians Facebook Group

YouTube (Coming Soon!)

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Looking for something specific in this show? Here you go!

[00:05:00] - Investment options for kids' college savings. 

[00:16:00] - Considerations for buying a home. 

[00:18:00] - Paying off the mortgage and investing for financial freedom. 

[00:23:00] - Wrapping up the eight steps to financial freedom.

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.

Dr. Disha brings her family together to discuss the year 2023. They recount their travels to India, visiting the Taj Mahal, and attending an elaborate Indian wedding. The family also talks about their trip to Spain, experiencing a flamenco show, and enjoying local cuisine. 

Financial planning for these trips is a key topic, highlighting the use of a travel fund and managing expenses without straining finances. The family emphasizes the educational and bonding aspects of their travels. The episode concludes with a reflection on global issues and a message of gratitude and hope.

Looking for something specific? Here you go:

00:00:00 - Introduction and Family Introduction

00:00:41 - Family's Adventures in India

00:01:57 - Celebrating Liam's Birthday at the Taj Mahal

00:02:46 - Language Barriers and Play

00:03:09 - Josh's Favorite Part of India Trip

00:03:24 - Indian Wedding Food Experience

00:04:14 - Jet Lag and Late Nights

00:04:20 - Encountering a Camel in Agra

00:05:49 - San Diego Trip and Belmont Park Experience

00:07:10 - Disney World Adventures

00:08:31 - Recalling COVID-19 Experience

00:09:26 - Enjoying H2O Park and Gondola Rides

00:10:25 - Star Wars Experience at Disney World

00:11:01 - Tennis Camp at USTA Training Facility

00:12:41 - Flamenco Show in Spain

00:13:30 - Eating Paella and Empanadas in Valencia

00:14:21 - Budgeting for Travel

00:16:06 - The Importance of Travel for Family

00:16:36 - Visiting Altea, Spain

00:17:34 - Staying in an Apartment in Valencia

00:18:07 - Driving Abroad for Better Experience

00:20:19 - Favorite Moments of the Year

00:22:07 - Christmas Day and Gifts

00:23:42 - Acknowledging Global Conflicts

00:24:58 - Closing Remarks and Upcoming Podcast Content

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 Physicians Facebook Group

YouTube

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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.

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.

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👋  This episode is sponsored by PearsonRavitz – helping physicians safeguard their most valuable assets. 

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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.

After her family's victory lap of paying off debts and diving into investments, they looked into DAFs for some smart, tax-savvy giving. Dr. Disha breaks down the hows and whys of DAFs, showing us how to make our charitable dollars do some heavy lifting while still snagging those tax breaks.

Top 5 Key Show Highlights 

Financial Milestones and Philanthropy [00:01:00-00:02:00]
Dr. Disha shares her personal journey of paying off $208,000 in student loans and growing her investments, which led her to explore more meaningful ways to give back, highlighting the seamless connection between personal financial health and philanthropic goals.

Tax Optimization with DAFs [00:04:00-00:05:00]
DAFs allow for strategic tax planning, enabling donors to make large contributions in a single year—potentially offsetting higher income years—while distributing funds to charities over time. This method can optimize tax deductions under current tax laws.

Investment Growth within DAFs [00:03:00-00:04:00]
Contributions to DAFs can be invested and grow tax-free, increasing the potential impact of the initial donation. This feature allows donors to amplify their charitable giving without additional out-of-pocket expenses.

Simplicity and Flexibility [00:07:00-00:08:00]
Dr. Disha emphasizes the ease and flexibility of using DAFs, which streamline the donation process by consolidating tax receipts and allowing donors to plan their charitable giving without the hassle of managing multiple transactions and paperwork.

Comparing DAF Providers [00:12:00-00:17:00]
The episode provides a detailed comparison of different DAF providers, such as Vanguard Charitable, Fidelity Charitable, and newer entrants like DAFI. Dr. Disha discusses various factors like minimum contributions, fee structures, and investment options, helping listeners choose the best provider to suit their charitable and financial strategies.

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👋  This episode is sponsored by PearsonRavitz – helping physicians safeguard their most valuable assets. 

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👋 Also sponsored by Resolve – Physician contract review and compensation data at your fingertips! For 10% off, add FRUGAL10 when signing up as a new client!

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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.

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 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.

________

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.

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👋  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.

________

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.

Dr. Disha shares her favorite frugal hacks for achieving financial freedom without sacrificing quality of life. She provides practical tips and strategies, including budgeting secrets and clever ways to cut costs without compromising lifestyle. Dr. Disha emphasizes the importance of managing food and grocery store expenses, such as switching to lower-cost grocery stores like Aldi or using Amex Platinum for free Walmart Plus subscription. 

She also discusses the benefits of batch cooking and how it saves time and money. 

Looking for something specific? Here you go

00:01:03 Frugal hacks for achieving financial freedom. 

00:06:13 Batch cooking saves money and time. 

00:15:17 Frugal hacks for saving money.

This episode is brought to you by… 

Set for Life Insurance – Life, Disability, and Long-Term Care Coverage for a secure future.

If you enjoyed the show, find and follow Dr. Disha everywhere else:

Twitter

Website

Facebook

The Frugal Physicians Facebook Group

YouTube (Coming Soon!)

-----------

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.

________

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.

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👋  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.

Dr. Disha Spath welcomes back Dr. Tarang Patel to discuss significant updates in healthcare and finance. They delve into Walmart's decision to shut down its healthcare centers, the FTC's move to ban non-compete agreements, and the growing trend of multifamily syndicators targeting physicians. The conversation also touches on the national radiologist shortage, the challenges of corporate healthcare, and the future of telehealth and AI investments.

More on Dr. Tarang Patel:

Dr. Tarang Patel is a renowned expert in physician finance, blending his extensive medical knowledge with sharp financial acumen. As a practicing radiologist, Dr. Patel understands the unique financial challenges physicians face and offers invaluable insights through his blog and podcast. He is a trusted advisor, helping his peers navigate the complexities of investment and financial management. Dr. Patel is known for his approachable style and commitment to educating physicians on achieving financial independence. His expertise and dedication make him a sought-after voice in the physician finance community.

HIGHLIGHTS

Highlights with Timestamps:

1. Walmart's Healthcare Shutdown [00:01:00]

   • Discussion on Walmart's decision to close healthcare centers and its implications.

2. National Radiologist Shortage [00:02:00]

   • Dr. Patel discusses the impact of the radiologist shortage on healthcare delivery.

3. Challenges of Running Healthcare Businesses [00:03:00]

   • Exploring the complexities of healthcare operations compared to other industries.

4. FTC's Ban on Non-Compete Agreements [00:15:00]

   • Analysis of the FTC's new rule and its potential impact on physicians.

5. Personal Experiences with Non-Competes [00:17:00]

   • Dr. Spath and Dr. Patel share their personal stories and read comments from other physicians.

6. Multifamily Syndicators Targeting Physicians [00:24:00]

   • Discussion on why physicians are prime targets for syndicators and the importance of due diligence.

7. Investment Trends: Telehealth and AI [00:36:00]

   • Insights into the future of telehealth startups and the current hype around AI investments.

8. Cash or Crash Segment [00:35:00]

   • Dr. Patel evaluates various financial trends and gives his investment advice.

—---

👋  This episode is sponsored by PearsonRavitz – helping physicians safeguard their most valuable assets.

—---

👋  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.

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

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.

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

1. 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.

2. 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.

3. Tax Benefits Are Key: Investors can take advantage of tax deductions such as depreciation, mortgage interest, and 1031 exchanges, significantly lowering taxable income.

4. 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.

Dr. Jordan Grumet, or Doc G, a physician turned financial independence advocate,  shares his journey from internal medicine to hospice care, emphasizing how burnout led him to seek financial independence. He also discussed his award-winning podcast, "The Earn & Invest Podcast," and his book "Taking Stock." The book focuses on using financial independence for a regret-free life, drawing from hospice patients' insights. 

Doc G encourages saving with purpose, considering life's unpredictability, and preparing for end-of-life scenarios both medically and financially. He also highlights the importance of leaving a lasting legacy beyond just financial wealth.

Learn more about Doc G:

Doc G, born in 1973 in Evanston, Illinois, has emerged as an influential voice in the intersection of medicine and personal finance. His journey began with a deep-rooted passion for medicine, leading him to Northwestern University where he earned his medical degree. This path initially took him into the world of internal medicine, a field where he excelled and built a successful career.

However, facing the common challenge of professional burnout, Doc G embarked on a transformative journey that extended beyond the hospital walls. He found a new calling in hospice palliative care, a specialty that brought him closer to the human aspects of medicine and the profound experiences at the end of life.

Parallel to his medical career, Doc G developed a keen interest in financial independence. This pursuit was driven by a desire to balance financial security with a life rich in experiences and purpose. His quest for financial wisdom was not just about wealth accumulation but about finding harmony between fiscal responsibility and a meaningful existence.

Doc G's combined expertise in medicine and finance materialized in his acclaimed book, "Taking Stock: A Hospice Doctor's Advice on Financial Independence, Building Wealth, and Living a Regret-Free Life." The book has resonated with a broad audience, offering valuable insights into aligning financial ambitions with life’s deeper goals.

In addition to his literary contributions, Doc G is the brains behind the "The Earn & Invest" podcast. This award-winning platform showcases his insights on financial independence, earning him recognition including the Plutus Award for Best New Personal Finance Podcast in 2019 and a nomination for Best Personal Finance Podcast in 2020.

Doc G’s unique blend of medical and financial acumen has made him a prominent figure in the personal finance community. He advocates for a holistic approach to wealth, emphasizing its role as a means to a fulfilling, regret-free life rather than an end in itself.

Currently serving as the Associate Medical Director at Journey Care Hospice, Doc G continues to make a profound impact in the medical field. Simultaneously, he guides individuals towards financial literacy and independence, inspiring them to embrace a balanced, purpose-driven life.

Looking for something specific? Here you go:

[00:00:00] Introduction of Dr. Jordan Grumet

[00:01:00] Discussion on "Taking Stock" book

[00:02:00] Transition from internal medicine to hospice care

[00:03:00] Financial independence journey

[00:04:00] Motivation behind choosing medicine

[00:05:00] Finding purpose beyond medicine

[00:06:00] Balancing personal finance and joy

[00:07:00] Insights from hospice patients

[00:08:00] Bridging finance and life's purpose

[00:09:00] Regrets of hospice patients

[00:10:00] Concept of enough in finance

[00:11:00] Life planning for end of life scenarios

[00:12:00] Exploring different paths to financial independence

[00:13:00] Importance of subtracting unwanted aspects of life

[00:14:00] The joy of addition in life planning

[00:15:00] Balancing spending today vs. saving for tomorrow

[00:16:00] Concept of coast fire

[00:17:00] The legacy of purpose and joy

[00:18:00] Financial planning and legacy documents

[00:19:00] Different approaches to financial independence

[00:20:00] The art of subtraction in financial strategy

[00:21:00] Emphasizing life experiences over financial gain

[00:22:00] Financial independence as a tool for purposeful living

[00:23:00] Addressing financial planning for end-of-life scenarios

[00:24:00] The importance of legacy beyond money

[00:25:00] Medical and financial legacy documents

[00:26:00] Creating a legacy through purposeful engagement

[00:27:00] Balancing saving and spending for a meaningful life

[00:28:00] Reflecting on personal financial journey and legacy

[00:29:00] Navigating life's financial and emotional complexities

[00:30:00] Prioritizing purpose, identity, and connections

[00:31:00] The role of finances in life planning

[00:32:00] Assessing personal fears and financial goals

[00:33:00] Finding balance in financial decisions

[00:34:00] Exploring alternative paths to financial independence

[00:35:00] Embracing affordable travel and life experiences

[00:36:00] Connecting with Dr. Grumet and resources

[00:37:00] Conclusion and final thoughts

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 Physicians Facebook Group

YouTube (Coming Soon!)

-----------

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.

In the grand theater of life, Dr. Fawcett has taken the stage to show us all that sometimes, the best investments aren’t found in a hospital. They’re out there in the world of real estate, waiting for you to take the leap. So, what do you say? Ready to trade those hospital rounds for some real estate rounds? Dr. Fawcett’s story might just be the nudge you need.

More on Dr. Cory Fawcett:

Dr. Corey Fawcett is a retired general surgeon, real estate investor, author, and financial mentor for medical professionals. His journey from the operating room to real estate mogul showcases his passion for teaching others how to achieve financial independence. Dr. Fawcett's bestselling book, "The Doctor's Guide to Real Estate Investing for Busy Professionals," is a testament to his success and dedication to helping others realize their financial potential. With his investment strategies, Dr. Fawcett enjoys a fulfilling retirement, indulging in travel, music, and family time.

Resources mentioned in the show can be found here:  https://financialsuccessmd.com/category/real-estate/

Prior Real Estate podcasts at: https://financialsuccessmd.com/media/

Top 5 Key Highlights

Achieving Financial Independence Early: Dr. Fawcett retired from medicine at 54, thanks to strategic real estate investments.

Masterful Real Estate Investing: His approach to investing in multifamily units allowed him to generate a significant passive income.

Automating Investments: Dr. Fawcett emphasizes the importance of automation in managing a real estate portfolio efficiently.

Wealth of Knowledge: As an author, Dr. Fawcett shares his insights and strategies through his books, helping others to replicate his success.

Balanced Life Beyond Medicine: Post-retirement, Dr. Fawcett enjoys traveling, pursuing hobbies, and spending quality time with his family, showcasing the lifestyle that financial freedom can offer.

This episode is sponsored by 

PearsonRavitz – helping physicians safeguard their most valuable assets. 

Also sponsored by PracticeLink – More than just a job board; they are a lifeline. 

If you enjoyed the show, find and follow Dr. Disha everywhere else:

Twitter

Website

Facebook

The Frugal Physicians Facebook Group

YouTube 

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Special thanks to our Title Sponsor, Set for Life Insurance – Life, Disability, and Long-Term Care Coverage for a secure future. 

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In this episode, Dr. Disha interviews her husband, Josh Spath, an IT project manager with a background in the US Army Signal Corps. Josh talks about his passion for technology and how it has always been his hobby and interest. He also shares his upbringing, where the financial side of things was never really brought up in his house. His parents taught him to work hard, save money in the bank, and retire. Josh's dad also had a pension from being a state worker for over 30 years.

Dr. Disha created this podcast to share her story and provide guidance to those who feel trapped in their financial circumstances. Let's join forces, take charge of our finances, and work together towards the ultimate goal of financial freedom. 

Share this podcast with friends and colleagues who may benefit from this transformative journey. It's time to embrace change and embark on the path to financial freedom.

If you enjoyed the show, find and follow Dr. Disha everywhere else:

Twitter

Website

Facebook

The Frugal Physicians Facebook Group

YouTube (Coming Soon!)

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Looking for something specific in this show? Here you go!

[00:02:15] Financial challenges during medical training. 

[00:04:41] Court wedding and deployment. 

[00:09:57] Financial epiphany during maternity leave. 

[00:11:43] Sacrifices for family life. 

[00:15:10] Budgeting as a diagnostic tool. 

[00:19:03] Paying off  over $250,000. 

[00:24:03] Financial freedom advice. 

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.

Dr. Kate Mangona, a pediatric radiologist and relationship coach, discusses her journey into real estate investing with her husband, Victor. They've built a $5 million real estate portfolio and share insights on managing money as a couple. Dr. Mangona highlights the importance of open communication, setting financial goals, and taking calculated risks. She also encourages women to take control of their financial future.

Learn more about Dr. Kate Mangona:

Dr. Kate Mangona is a board-certified pediatric radiologist, supportive physician’s wife and mother to three little girls and a mini poodle. She and her husband Victor, a pediatric radiation oncologist and tax code enthusiast, are active and passive real estate investors in thousands of multifamily units and single-family rentals including 3 luxury Airbnbs.

As a certified life & marriage coach, Kate hosts the Medicine, Marriage & Money podcast and leads Medicine, Marriage, & Money Coaching Programs where she helps married physician parents spend less time arguing with their spouse, and more time reigniting the sparks once felt during their honeymoon. She empowers physician mothers to stop stewing in anger, defensiveness, and resentment so they can create more time for love, vacations, & investing in real estate! After working with Kate, high-achieving Mothers have the tools necessary to minimize arguments even during conflict and design the life and relationships they crave.  

Looking for something specific? Here you go

00:00:12 Real estate investing for financial freedom. 

00:05:35 Creating a home is about being with loved ones. 

00:10:42 Communication is key in relationships. 

00:17:41 Division of labor in finances. 

00:25:44 Real estate investing is empowering. 

00:26:21 Find a mentor, take one step. 

00:31:45 Stay connected with a like-minded community.

This episode is brought to you by… 

PearsonRavitz– helping physicians find the right disability insurance for their individual needs.

Still listening? 

Check out Ep4: Financial Baby Step 1 and 2 for Physicians where I explain protecting your loved ones with life insurance and estate planning. 

If you enjoyed the show, find and follow Dr. Disha everywhere else:

Twitter

Website

Facebook

The Frugal Physicians Facebook Group

YouTube (Coming Soon!)

-----------

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.

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:

1. Start Early & Automate:

   • Begin saving ASAP and set up automatic contributions to take advantage of compounding interest.

2. 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.

3. Diversify Savings Vehicles:

   • Consider using a mix of 529s, brokerage accounts, and custodial accounts to balance flexibility and aid impact.

4. 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.

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.

Grant Sabatier's story begins in a financially stressed household, where money was a constant source of worry. Despite excelling academically and attending a prestigious university, his early twenties were marked by job uncertainties and a lack of clear direction, culminating in a sobering moment: moving back to his parents' house with a mere $2.26 in his bank account.

This low point, however, was also a turning point for Grant. A family picnic sparked a profound realization about the traditional path to retirement and its limitations. This epiphany led him to reevaluate his relationship with money, viewing it not just as a means of survival but as a form of energy that could be harnessed and grown.

Learn more about Grant Sabatier:

Grant Sabatier is an accomplished author, entrepreneur, and financial independence expert. As the author of "Financial Freedom" and the creator of the Financial Freedom course, he's known for his profound understanding of wealth-building and personal finance management. Grant is a celebrated figure in the finance world, having been featured in major publications and media outlets. His journey from financial instability to becoming a millionaire by age 30 demonstrates his expertise in money management, digital marketing, and entrepreneurship. He is a sought-after speaker and a mentor for those seeking financial independence.

Looking for something specific? Here you go:

00:03:56 Money is a form of energy.

00:04:22 Trading time for money limits.

The timestamp for the statement "Choose opportunity over passion" is 00:10:05. Choose opportunity over passion.

00:14:23 Pursue passion and financial independence.

00:19:30 Leverage your value as an employee.

00:23:53 Build relationships for career growth.

00:28:33 Take control of your finances.

00:33:11 Spend more time with money.

00:37:27 Entrepreneurship is a choose-your-own-adventure journey.

This episode is sponsored by PearsonRavitz– helping physicians safeguard their most valuable assets. Sign up for our upcoming webinar on December 11th! Go here. 

If you enjoyed the show, find and follow Dr. Disha everywhere else:

Twitter

Website

Facebook

The Frugal Physicians Facebook Group

YouTube (Coming Soon!)

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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.

Dr. Disha and Dr. Stephanie Pearson share their personal Match Day experiences and provide insights and advice for medical students navigating the Match Day process.

They discuss the emotional rollercoaster associated with Match Day, the SOAP process for those who didn’t match, and offer big sister advice on staying grounded, preparing for the match, and focusing on what’s controllable. They also emphasize the importance of financial planning, disability insurance, and maintaining a support network during this crucial time.

More on Dr. Stephanie Pearson:

Dr. Stephanie Pearson, a former OB/GYN physician, is the founder of PearsonRavitz, an insurance company focused on providing comprehensive disability insurance solutions for medical professionals. 

After experiencing a career-altering injury while practicing, Dr. Pearson was compelled to transition from clinical medicine to becoming an advocate and advisor for medical professionals navigating the complexities of disability insurance. 

With her unique perspective as both a physician and an insurance expert, Dr. Pearson is dedicated to ensuring that her clients are well-protected against unforeseen circumstances that could impact their ability to work and earn an income. 

Her mission is to empower doctors with the knowledge and resources needed to secure their financial futures, making her a trusted and compassionate figure in the medical community.

Looking for something specific? Here you go:

• [00:03:00] The stress of Match Day and ranking process

• [00:04:00] Insights on making decisions and handling surprises

• [00:05:00] Celebrating Match Day and coping with results

• [00:06:00] Overview of the SOAP process for unmatched students

• [00:07:00] Strategies for dealing with non-matching and SOAP

• [00:08:00] The role of social media and support during Match Week

• [00:09:00] Advice for students going through the SOAP process

• [00:10:00] Encouragement and perspective for unmatched students

• [00:11:00] Handling the emotional impact and looking forward

• [00:12:00] Preparing for the actual Match Day event

• [00:13:00] Managing expectations and work-life balance in residency

• [00:14:00] Financial planning and disability insurance advice

• [00:15:00] The importance of mentorship and support networks

• [00:16:00] Living arrangements and student loans discussion

• [00:17:00] Planning for residency and beyond

This episode is sponsored by 

PearsonRavitz – helping physicians safeguard their most valuable assets. 

Also sponsored by PracticeLink – More than just a job board; they are a lifeline. 

If you enjoyed the show, find and follow Dr. Disha everywhere else:

Twitter

Website

Facebook

The Frugal Physicians Facebook Group

YouTube 

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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.

________

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:

1. Lean Practice Model: Dr. Sadhu explains her lean private practice model, emphasizing low overhead costs and enhanced patient care.

2. Personal Journey: Dr. Sadhu shares her personal experience with burnout and how it motivated her to create a more sustainable practice model.

3. Link Medical Spaces: Introduction to Dr. Sadhu's platform that connects healthcare professionals with shared office spaces, reducing costs and increasing flexibility.

4. Challenges and Triumphs: Discussion of the mental and practical challenges Dr. Sadhu faced in establishing her lean practice and how she overcame them.

5. 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.

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👋  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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Kyle, the CEO of Resolve and an ace at helping doctors dodge dreadful deals, joins Dr. Disha Spath to dissect the daunting world of employment contracts. Ever wondered if your contract is a ticking time bomb? Kyle’s here to cut through the jargon and unveil how those sneaky clauses might be nibbling away at your paycheck.

From revealing the common “gotchas” in contracts to negotiating ninja moves that can boost your bargaining power, we’re digging deep. Kyle even dishes on the juicy details of the recent FTC rumblings about non-competes and what that means for your career mobility. Whether you’re in the market for your first gig or looking to leap into a better contract, you won’t want to miss these insider insights. Let’s tear up the terrible contracts and write our own rules!

More on Kyle Claussen:

Kyle Claussen is the CEO of Resolve, a company dedicated to helping physicians navigate and negotiate employment contracts. With over a decade of experience, Kyle and his team provide essential services to ensure that physicians understand their contracts, secure fair terms, and protect themselves from potential pitfalls. Kyle is also a family man, married to an ophthalmologist, and a father to three children.

Find and follow the Resolve Team:

https://twitter.com/ResolveAgents

https://www.facebook.com/resolvephysicianagency/

https://www.linkedin.com/company/resolve-physician-agency/

https://www.instagram.com/resolveteam/

HIGHLIGHTS 

• Understanding Contracts: Many physicians do not read their contracts thoroughly, which can lead to unfavorable terms.

• Negotiation Is Key: Negotiating contract terms can significantly impact a physician's career trajectory and financial health.

• Non-Compete Clauses: Recent FTC rulings may change the landscape of non-compete clauses, offering physicians more flexibility.

• Malpractice Insurance: Understanding the difference between claims-made and occurrence-based policies is crucial for proper coverage.

• Empowerment Through Knowledge: Physicians should empower themselves with knowledge and negotiate contracts that reflect their true value.

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👋  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.

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 

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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.

________

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 

1. 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.

2. 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.

3. 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.

4. 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.

5. 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.

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👋  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

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.

In this spirited episode of "Finding Financial Freedom with The Frugal Physician," Dr. Disha reconnects with her former ER supervising resident and multifaceted maverick, Dr. Jedidiah Ballard. 

Fresh off his adventures ranging from grueling Ranger school to romantic escapades on ABC's The Bachelorette, Dr. Jed shares the scoop on balancing the highs and lows of his medical career with his unexpected fame. With tales of stolen food in childhood to sprinting for love on national television, Dr. Jed offers an unfiltered look at how he navigates life's wild swings with humor, humility, and a healthy dose of fitness. Tune in to discover how one doctor manages to stitch up his varied passions into a cohesive, fulfilling life.

Dr. Jedidiah Ballard is an emergency medicine physician known for his unique blend of medical expertise and media presence. An Army Ranger veteran and a former contestant on ABC's The Bachelorette, Dr. Ballard advocates for a balanced life, emphasizing the importance of fitness and wellness alongside a demanding medical career. He is a regular on morning news segments, sharing health tips with the public, and is currently working on a book about practical fitness.

Soundbites 

• From Montana to the Military [00:01:50-00:03:30]

• Dr. Jed shares his rugged beginnings in rural Montana, leading to his decision to join the Army Rangers.

• Medical School to Army Ranger [00:04:00-00:06:00]

• Insight into how Dr. Jed balanced rigorous medical training with the intense demands of Ranger School.

• Reality TV Stardom [00:07:15-00:08:45]

• Dr. Jed discusses his leap from the emergency room to the glitzy world of reality television on ABC's The Bachelorette.

• Fitness Philosophy [00:10:30-00:12:00]

• A dive into Dr. Jed’s approach to maintaining peak physical fitness amidst a demanding career.

• Balancing Media and Medicine [00:14:20-00:15:50]

• How Dr. Jed manages his roles as both a media personality and a dedicated emergency medicine doctor.

• Financial Wisdom and Frugality [00:17:40-00:19:10]

• Dr. Jed relates lessons from his various life experiences to financial habits and maintaining economic discipline.

• Upcoming Book Teaser [00:20:45-00:22:00]

• A sneak peek into Dr. Jed’s forthcoming book, focusing on practical fitness and wellness strategies.

• Advice for Young Doctors [00:23:30-00:25:00]

• Dr. Jed offers advice to up-and-coming doctors on how to navigate the complexities of a medical career with personal life and aspirations.

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👋  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.

Dr. Disha speaks with Brad and Gil, co-founders of Empower Men, delving into their personal journeys, from Gil's beginnings in Portugal and modeling career to Brad's transformation through fitness and financial literacy. They discuss the synergy between maintaining health and managing finances and introduce Empower Men, a community aimed at empowering men to achieve both financial freedom and physical fitness.

More on Empower Men:

Brad and Gil, founders of Empower Men, come from diverse backgrounds but share a unified mission: to empower men in achieving both physical wellness and financial stability. Brad, hailing from South Africa, transformed his life through fitness and financial literacy, eventually becoming a finance coach. Gil, originally from Portugal and a former international model, turned his focus to health and fitness, motivated by his mother's health struggles. Together, they've created a community to support men in their journey towards a balanced and fulfilling life.

Looking for something specific? Here you go:

[00:01:00] Brad introduces Gil and his background.

[00:04:00] The inception of Empower Men.

[00:06:00] Physical and financial aspects of Empower Men.

[00:08:00] Addressing male loneliness and building community.

[00:11:00] The integration of financial and health coaching in Empower Men.

[00:14:00] How Empower Men helps its members afford health optimization.

[00:17:00] Gil's reflections on growing up in a poor family and the impact on his financial perspective.

[00:20:00] The key financial principles Brad teaches in Empower Men.

[00:23:00] The foundational health principles taught by Gil in Empower Men.

[00:38:00] Closing remarks and invitation to join Empower Men.

This episode is sponsored by PearsonRavitz– helping physicians safeguard their most valuable assets. 

Also sponsored by Contract Diagnostics - A nationwide physician contract consulting company, not a law firm that specializes 100% in physician contract review.

If you enjoyed the show, find and follow Dr. Disha everywhere else:

Twitter

Website

Facebook

The Frugal Physicians Facebook Group

YouTube

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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.

This episode is sponsored by                                     PearsonRavitz– helping physicians safeguard their most valuable assets. 

Retirement marks a significant shift from accumulation to spending. This transition can be daunting, especially in an unpredictable financial landscape. Christine Benz, Director of Personal Finance and Retirement Planning at Morningstar, provides invaluable insights on this subject, as discussed in this latest episode. 

Christine covers the challenges retirees face in transitioning from saving to spending, exploring the conventional 4% withdrawal rate, as well as research suggests a flexible approach to retirement spending, accommodating various market conditions and personal circumstances. The discussion also addresses dynamic spending, the impact of asset allocation, and the role of treasury inflation-protected securities in retirement planning. 

Christine advocates for lifetime giving as part of a fulfilling retirement strategy and stresses the importance of informed decision-making in managing retirement funds, including Social Security benefits.

Tune in to gain valuable insights and strategies for a financially secure and fulfilling retirement!

Learn more about Christine Benz:

Christine Benz is director of personal finance and retirement planning for Morningstar and senior columnist for Morningstar.com. In that role, she focuses on retirement and portfolio planning for individual investors. She also co-hosts a podcast for Morningstar, The Long View, which features in-depth interviews with thought leaders in investing and personal finance. She is a frequent public speaker and is widely quoted in the media, including The New York Times, The Wall Street Journal, Barron’s, CNBC, and PBS. In 2020, Barron’s named her to its inaugural list of the 100 most influential women in finance; she appeared on the 2021 list as well. In 2021, Barron’s named her as one of the 10 most influential women in wealth management.

Benz is author of 30-Minute Money Solutions: A Step-by-Step Guide to Managing Your Finances (Wiley, 2010). She is also co-author of Morningstar® Guide to Mutual Funds: 5-Star Strategies for Success, a national bestseller published in 2003, and author of the book’s second edition, which was published in 2005. Before assuming her current role in 2008, she served as Morningstar's director of mutual fund analysis and was editor of Morningstar Mutual Funds and Morningstar FundInvestor.

Benz holds a bachelor’s degree in political science and Russian/East European studies from the University of Illinois at Urbana-Champaign. She is president of the board for the John C. Bogle Center for Financial Literacy. Benz is also a member of The Alpha Group, a group of thought leaders from the wealth management industry from across the country. In her free time, she works with underprivileged women to improve their understanding of personal finance concepts.

Additional resources mentioned:

What is the Safe Retirement Spending Rate in 2023 and 6 Retirement Spending Strategies: Visit this link for a free download of Morningstar’s latest retirement spending report. 

The Long View Podcast: Visit The Longview Podcast “to expand your investing horizons and look to the long term. Join hosts Christine Benz and Jeff Ptak as they talk to influential leaders in investing, advice, and personal finance about a wide-range of topics, such as asset allocation and balancing risk and return.”

Open Social Security Tool by Mike Piper: Access the tool at Open Social Security.

Looking for something specific? Here you go:

00:04:13 Morningstar provides transparency in finance.

00:08:22. Safe withdrawal rates vary based on market conditions.

00:10:36 Forward-looking research on safe withdrawal rates.

00:17:58 Importance of lifetime giving.

00:24:19. Delay Social Security for higher benefits.

00:27:10 Flexibility in retirement spending.

00:32:33 Plan for retirement spending.

If you enjoyed the show, find and follow Dr. Disha everywhere else:

Twitter

Website

Facebook

The Frugal Physicians Facebook Group

YouTube (Coming Soon!)

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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.

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:

1. 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.

2. 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.

3. 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.

4. 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.

5. 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.

6. 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.

Special thanks to our Title Sponsor, MedicalExpertWitness.com – helping you build your medical expert witness agency. 

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The episode covers Baby Step 7 in the financial journey. It starts with a recap of the previous steps, which include protecting loved ones through insurance and estate planning, saving up a starter emergency fund, investing, paying off debt, and maxing out retirement accounts. Baby Step 7 is to save up a three to six month emergency fund, which is crucial for doctors who may need to leave their job or relocate. The emergency fund should cover fixed and variable expenses but can exclude wants. It is recommended to keep the fund in a place that is easily accessible and can earn some interest, such as a high-interest savings account.

Dr. Disha created this podcast to share her story and provide guidance to those who feel trapped in their financial circumstances. Let's join forces, take charge of our finances, and work together towards the ultimate goal of financial freedom. 

Share this podcast with friends and colleagues who may benefit from this transformative journey. It's time to embrace change and embark on the path to financial freedom.

If you enjoyed the show, find and follow Dr. Disha everywhere else:

Twitter

Website

Facebook

The Frugal Physicians Facebook Group

YouTube (Coming Soon!)

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Looking for something specific in this show? Here you go!

[00:02:30] A three to six month emergency fund. 

[00:06:12] High interest savings accounts. 

[00:11:33] Roth IRA withdrawal exceptions. 

[00:14:30] Investing emergency fund money. 

[00:17:29] Roomba price tracking.

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.

In this episode, Dr. Disha interviews Dr. Devon Gimbel, a retired physician turned credit card points travel consultant. Dr. Gimbel shares her personal journey of discovering the world of credit card points hacking and how it has positively impacted her travel experiences. She explains how she learned about using credit card points to unlock first-class travel without spending a lot of money and why she is passionate about teaching others to do the same.

Learn more about Dr. Devon Gimbel:

Dr. Devon Gimbel is a distinguished retired physician who has seamlessly transitioned into the world of points travel consulting. With a passion for helping high-income professionals, visionary entrepreneurs, and astute business owners, she’s here to empower you on a journey that transforms the way you experience travel.

💼 After a fulfilling career in medicine, she redirected her expertise towards a thrilling and rewarding endeavor: unlocking the potential of credit card points. She’s not just a consultant; she’s your trusted guide in the realm of luxury travel through strategic points optimization.

✈️ Imagine a world where your everyday expenses become a catalyst for unforgettable adventures. Her mission is to impart the knowledge and strategies that will allow you to do just that. 

Find Dr. Gimbel on her website. 

Looking for something specific? Here you go

00:00:28 Credit card points can unlock travel experiences. 

00:05:18 Credit card points can enhance travel experiences. 

00:09:11 Credit card points for travel. 

00:17:10 Maximize credit card points. 

00:19:02 Use multiple credit cards strategically. 

00:23:22 Opening multiple credit cards can benefit those with high spending, but it's important to have a strategic approach and focus on on-time payments and credit utilization. 

00:28:05 Opening multiple credit cards can actually improve your credit score. 00:32:15 Consider annual fees and benefits. 

00:38:13 Credit card points can save. 

00:41:24 Maximize credit card points for travel. 

00:45:38 Learn credit card point hacking.

This episode is brought to you by… 

Set for Life Insurance – Life, Disability, and Long-Term Care Coverage for a secure future. 

Still listening? 

Check out Ep4: Financial Baby Step 1 and 2 for Physicians where I explain protecting your loved ones with life insurance and estate planning. 

If you enjoyed the show, find and follow Dr. Disha everywhere else:

Twitter

Website

Facebook

The Frugal Physicians Facebook Group

YouTube (Coming Soon!)

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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.

The SAVE plan is a newer repayment option for federal student loans that offers unique advantages, such as preventing interest capitalization if the monthly payments are made on time. However, unlike older plans, it does not cap monthly payments based on income, which can be a potential downside for high-income earners.

Who benefits most: Joy discussed how this plan might be a better fit for early-career physicians or those with more modest incomes who can benefit from the lower payments and interest benefits without the risk of escalating payments.

More on Joy Sorensen Navarre:

Joy Sorensen Navarre is a nationally recognized expert in student loan management and the founder of Navigate LLC, a consultancy specializing in student loan advice for physicians and healthcare professionals. With a career spanning over a decade in financial advising, Joy discovered a niche need among her clients for specialized student loan guidance. This realization prompted her to pivot her career towards helping medical professionals navigate the complex terrain of student loans

[00:01:00] Joy's introduction and the importance of reliable student loan management advice.

[00:03:00] Insight into how Joy started focusing on student loans due to a lack of trustworthy services.

[00:07:00] Overview of the new SAVE plan and its impact on physicians.

[00:15:00] Discussion on common misconceptions and errors in managing student loans among physicians.

[00:25:00] Strategic advice on loan repayment and pursuing forgiveness, including tax considerations.

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👋  This episode is sponsored by PearsonRavitz – helping physicians safeguard their most valuable assets. 

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👋 Also sponsored by Resolve – Physician contract review and compensation data at your fingertips! For 10% off, add FRUGAL10 when signing up as a new client!

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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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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.

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 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!

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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.

Lauren Beltz, also known as The Budget Boss shares her journey from growing up in an accounting family to carving her niche in bookkeeping and finance for small businesses. 

She discussed The Budget Brigade, her initiative blending education and personal finance. Lauren emphasized the importance of budgeting and recounted her own experiences with managing finances, including the challenges of budgeting on a variable income and the importance of frugality and intentionality in spending. She also talked about her personal life, including her plans to move to Colorado and her strategies to avoid lifestyle creep. Additionally, Lauren provided insights on the emotional aspects of financial planning, the significance of enjoying life without overspending, and the importance of setting realistic financial goals.

Learn more about Lauren Beltz:

Lauren grew up in a family surrounded by accountants. She learned from prepping 1040 returns at a young age that she did not want to follow the family trend.

She ended up becoming a bookkeeper instead, working in finance and helping small businesses since her teenage years.

Lauren has always been fascinated with numbers and patterns. With over fifteen years of experience, she is excited to take the knowledge she’s learned in industries spanning from aviation, investment firms, motorsports, and retail and focusing it to where her true passion lies – personal finance, sole proprietorships, and small businesses.

She is a previous Financial Peace University coordinator and loves helping friends and colleagues with personal finance questions. It became an inside joke at her last corporate position that an unofficial employee benefit working there was free access to “Budget with Beltz” which has now become The Budget Brigade.

Lauren splits her free time between her two passions: money and stories. When she isn’t working the analytical side of her brain at The Budget Brigade, you can find her spinning up her creative side, writing and editing at Lauren Beltz Writes.

Looking for something specific? Here you go:

00:00:00 - Introduction to the Podcast

00:00:11 - Introducing Guest Lauren Beltz

00:00:21 - Lauren's Background and Expertise

00:00:42 - Lauren's Storytelling and Financial Education

00:01:03 - Budgeting and Personal Finance

00:03:27 - Lauren's Upbringing and Frugality

00:04:42 - Lauren's Budgeting Techniques

00:06:02 - Budgeting on Variable Income

00:06:15 - Lauren's Engineering Background

00:07:27 - Family Plans and Financial Freedom

00:08:16 - Moving to Colorado and Cost of Living

00:10:15 - Selling a House and Financial Planning

00:10:26 - Lifestyle Creep and Financial Mindset

00:12:15 - Contentment and Spending on Experiences

00:13:05 - The Fire Ladder Concept

00:14:01 - Finding Contentment in Personal Finance

00:15:24 - Lauren's Personal Spending Habits

00:16:05 - The Importance of Experiences Over Things

00:17:03 - Lauren's Financial Freedom Plan

00:18:10 - The Fire Ladder Explained

00:19:13 - Setting Financial Goals

00:20:47 - Achieving Financial Independence

00:21:09 - Mindset and Financial Management

00:22:02 - Realistic Financial Expectations

00:23:15 - Learning from Budgeting Mistakes

00:24:09 - Disha's Personal Debt Experience

00:25:12 - A Year of Finding Contentment

00:26:06 - Decluttering and Enjoying What You Own

00:27:01 - Avoiding Lifestyle Creep

00:28:02 - The Peace of Financial Stability

00:28:40 - Balancing Professional Success and Finances

00:29:28 - Work-Life Balance and Financial Freedom

00:30:10 - Unchaining from Debt

00:31:14 - The Power of Financial Stability

00:32:07 - Lauren's Consulting Work

00:33:01 - Handling Life's Financial Challenges

00:34:01 - Balancing Work and Financial Goals

00:35:00 - Consulting Success Story

00:36:36 - The Impact of Financial Stability

00:37:47 - Handling Medical Emergencies Financially

00:38:14 - The Flexibility of Financial Stability

00:39:06 - The Budget Brigade Online Presence

00:39:57 - Final Takeaway: Remember Your Why

00:40:40 - Closing Remarks and Call to Action

This episode is sponsored by 

Eckard Enterprises – is an asset management company that focuses on providing families access to diverse, alternative investments.

If you enjoyed the show, find and follow Dr. Disha everywhere else:

Twitter

Website

Facebook

The Frugal Physicians Facebook Group

YouTube

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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.

Jon Appino, CEO of Contract Diagnostics, discusses the critical aspects of physician contracts, emphasizing the need for clarity and fairness. He shares his journey, insights into the evolution of the industry, and strategies for physicians to navigate contract negotiations effectively.

Looking for something specific? Here you go:

00:02:40 - Transition from Pre-Med to Business

00:04:04 - Focus on Physician Contract Reviews

00:06:00 - The Core of Contract Diagnostics

00:07:02 - Importance of Contract Clarity

00:08:00 - Navigating Non-Compete Clauses

00:10:08 - Non-Compete Impact on Physicians

00:12:09 - Success Stories and Physician Retention

00:12:37 - Introducing Compensation Rx

00:14:13 - Customizing Compensation Analysis

00:16:08 - Negotiation Services Offered

00:17:00 - The Impact of Effective Negotiation

00:18:06 - Success Story: Family Practice Sports Physician

00:19:09 - The Importance of Physician Advocacy

00:20:18 - Addressing Primary Care Challenges

00:21:05 - Setting Clear Expectations in Contracts

00:22:07 - Discussing Workload and Burnout

00:23:21 - The Importance of Regular Contract Reviews

00:24:24 - Addressing Non-Compete and Family Leave

00:25:19 - Trends in Physician Employment Contracts

00:27:14 - Negotiating with Private Equity

00:29:19 - Early Contract Reviews and Trends

00:30:10 - Changes in Physician Employment Landscape

00:32:26 - Negotiating Women's Issues in Contracts

00:34:48 - Final Thoughts and Advice on Contract Reviews

00:37:55 - How to Contact Contract Diagnostics

00:38:56 - Closing Remarks and Invitation for Questions

This episode is sponsored by 

PearsonRavitz– helping physicians safeguard their most valuable assets. 

Also sponsored by Contract Diagnostics - A nationwide physician contract consulting company, not a law firm that specializes 100% in physician contract review.

If you enjoyed the show, find and follow Dr. Disha everywhere else:

Twitter

Website

Facebook

The Frugal Physicians Facebook Group

YouTube 

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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.

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.

Key Topics Covered:

1. Why He Wrote The Doctors Guide to Reclaiming the Joy of Practicing Medicine

Dr. Fawcett shares the inspiration behind his book and how it’s helped thousands of physicians rediscover joy in their work.

2. The Inertia Effect in Medical Practice

Learn how doctors get trapped in routines that no longer serve them—and what it takes to break free.

3. Three Essential Questions Every Physician Should Ask

“So what? Who cares? What’s in it for me?”—Dr. Fawcett explains how these questions can shift your mindset and lead to meaningful change.

4. Creating ‘Aha!’ Moments for Physicians

Discover how Dr. Fawcett helps clients connect with their core values to spark powerful career and life transformations.

5. Challenging the Misconception About Patient Hours

Why reducing patient hours doesn’t mean you’re abandoning patients—and how it can actually enhance the care you provide.

6. Practical Problem-Solving: Write Down 10 Solutions

A simple but powerful tool Dr. Fawcett uses to move past feeling stuck and toward intentional action.

7. Joy Over Paychecks

How to separate your sense of purpose from your paycheck and pursue the work that truly energizes you.

8. Finding the Real 'Why'

Uncovering your deeper motivation beyond medicine—and why this is the key to long-term fulfillment.

Resources Mentioned:

• Physician Side Gigs

Listener Takeaways:

Connect with Us:

• Host: Dr. Disha Spath, The Frugal Physician

• Guest: Dr. Cory Fawcett LinkedIn, Retired Surgeon, Coach & Author

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.

This episode features Dr. Tarang Patel, who is a diagnostic radiologist and host of the Dr. Money Matters Podcast. We discuss financial challenges faced by healthcare professionals, especially doctors, who often lack financial education and face increased loan burdens and decreased self-employment opportunities. 

Dr. Patel emphasizes the need for good financial education and habits, and shares his personal journey and experiences with the financial industry. He advises doctors to be cautious of investment products and to conduct their own research before making any financial decisions.

The video Dr. Patel suggested during the show can be found here: The Psychology of Human Misjudgement 

Learn more about Dr. Tarang Patel:

Dr. Tarang Patel, the driving force behind Doctor Money Matters, is on a mission to revolutionize how healthcare professionals approach their finances. With a pragmatic approach that cuts through the noise, his platform is a no-nonsense resource for physicians, dentists, and health practitioners aiming for financial independence.

The stark reality of escalating medical and dental education costs, coupled with shifting financial landscapes, prompted Dr. Patel to create a space where professionals can equip themselves with the tools to make informed financial decisions. His focus? Providing actionable insights into astute investments, pragmatic savings strategies, and fiscal independence.

Having served in the US Air Force and now as a hospital-employed radiologist, Dr. Patel's journey unveiled his passion for finance. This journey accelerated over the last five years, as he immersed himself in the intricacies of personal finance, revealing a concerning gap in his colleagues' financial knowledge.

Beyond personal finance, Doctor Money Matters navigates the professional terrain, addressing contract negotiation, emerging employment trends, and the intricate web of starting a practice. Dr. Patel's blog posts and podcast interviews offer a candid exploration of these subjects, delivering tangible takeaways for healthcare professionals.

Find Dr. Patel on his website. 

Looking for something specific? Here you go!

00:04:41 Doctors need to be cautious of investment products offered by financial industry representatives. 

00:07:50 Be skeptical of investment opportunities. 

00:13:35 Dangers of investing in syndications. 

00:18:28 Investing requires education and self-awareness. 

00:23:27 Be cautious of financial exploitation. 

00:25:03 Attorneys are essential for legal protection.

Still listening? 

Check out Ep11: Physician Advocacy in Insurance: From Mental Health to Coverage with Dr. Stephanie Pearson. 

If you enjoyed the show, find and follow Dr. Disha everywhere else:

Twitter

Website

Facebook

The Frugal Physicians Facebook Group

YouTube (Coming Soon!)

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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.

Dr. Goins found freedom through travel by embracing her passion for exploring healing approaches outside of conventional medicine and combining it with her love for traveling. Her journey from traditional medical practice to becoming a digital nomad reflects her desire to break free from the constraints of traditional medicine and immerse herself in a nomadic lifestyle.

Dr. Goins initially started her journey to become a doctor at a young age, like many others in the medical field. However, she also had a strong passion for traveling, which she picked up as a teenager through books. Although she couldn't afford to travel at the time, she traveled extensively in her imagination through the stories she read.

As she pursued medicine and prepared for medical school, Dr. Goins faced conflict within herself. She felt that medicine required all of her time, energy, and resources, leaving little room for her other passion for traveling. She even expressed her concerns to her mother, worried that she wouldn't have the opportunity to live the life she had envisioned for herself.

This is a lovely conversation. We hope you enjoy. 

Learn more about Dr. Kristine Goins:

Dr. Christine Goins is an integrative adult, child, and adolescent psychiatrist, as well as a physician coach. She founded NomadMD to empower fellow physicians to break free from traditional medical constraints and live a nomadic lifestyle. Dr. Goins is passionate about essentialism, travel, and exploring different cultures. Her unique journey from traditional medicine to a nomadic lifestyle reflects her commitment to time and financial freedom.

Find and connect with Dr. Goins on her website. 

Looking for something specific? Here you go

00:00:55 Finding financial freedom through travel. 

00:05:57 Time is a precious commodity. 

00:11:43 Geo-arbitrage can enhance quality of life. 

00:18:03 Maximize credit card points for travel. 

00:22:22 Starting a nonprofit for travel. 00:31:03 Follow your travel dreams.

This episode is brought to you by… 

PearsonRavitz– helping physicians find the right disability insurance for their individual needs.

If you enjoyed the show, find and follow Dr. Disha everywhere else:

Twitter

Website

Facebook

The Frugal Physicians Facebook Group

YouTube (Coming Soon!)

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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.

In the debut episode of the Finding Financial Freedom Podcast with The Frugal Physician, Dr. Disha Spath takes you on an exciting financial adventure to revolutionize your relationship with money. As a full-time practicing internal medicine physician and a first-generation immigrant, Dr. Spath shares her personal journey of overcoming financial challenges and transforming her financial situation.

In this podcast, Dr. Spath will outline the eight-step strategy that helped her family achieve financial stability. She also promises to provide valuable insights from experts in personal finance and wealth management through interviews and discussions.

Join Dr. Spath on this journey to financial health and beyond. Subscribe now and embark on a path towards finding financial freedom.

If you enjoyed the show, find and follow Dr. Disha everywhere else:

Twitter

Website

Facebook

The Frugal Physicians Facebook Group

YouTube (Coming Soon!)

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Looking for something specific in this show? Here you go!

[00:00:22] Introduction:

• Josh introduces the podcast and welcomes listeners to revolutionize their relationship with money.

[00:00:41] Meet Dr. Disha Spath: 

• Dr. Spath introduces herself as a full-time practicing internal medicine physician and shares her background in personal finance writing and podcasting.

[00:01:08] Financial Journey Beginnings:

• Dr. Spath talks about her limited money management knowledge growing up in a first-generation immigrant family and the financial choices she and her husband made early in their careers.

[00:01:31] Reaching a Breaking Point:

• Dr. Spath explains how they found themselves deep in student debt and unhappiness despite their apparent success, leading to a decision to take control of their financial situation.

[00:01:48] Embracing Frugality and Mindful Spending:

• Dr. Spath discusses their journey of paying off debt, starting with cars and student loans by adopting frugality and mindful spending practices.

[00:02:34] Astonishing Results:

• Dr. Spath shares the incredible outcome of their financial transformation in just five years through debt payoff and strategic investments.

[00:03:00] Financial Freedom for All:

• Dr. Spath emphasizes that financial freedom is possible for everyone, regardless of background, income, or profession, and highlights the importance of education and applying foundational money management principles.

[00:03:39] Podcast Overview:

• Dr. Spath introduces the eight-step strategy she will share in upcoming episodes to help listeners achieve financial health. She also mentions featuring interviews with experts in personal finance and wealth management.

[00:03:47] Closing Remarks:

• Reminder that listeners should seek personalized guidance from professionals such as accountants, financial advisors, and/or attorneys. 

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.

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 

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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.

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.

The essence of Dr. Brittne Halford’s narrative lies in her inspiring transition from a childhood enveloped in the challenges of Flint, Michigan, to her eminent roles across the medical and entrepreneurial landscapes in Boston.

In her dialogue with Dr. Disha, Dr. Halford unveils the profound impact her roots have had on her approach towards life, finances, and opportunities. 

Her ventures, including the pioneering Wealth Minded MD podcast and an innovative hair accessories brand, embody her commitment to solving complex problems and empowering women financially. 

Brittne’s journey is a compelling testament to the transformative power of resilience, creativity, and the relentless pursuit of empowerment.

More on Dr. Brittne Halford:

Brittne's approach to financial wellness is deeply personal and tailored, rejecting one-size-fits-all solutions in favor of strategies that celebrate individuality and joy. She understands the unique challenges and aspirations of women seeking to control their finances confidently. With a background that spans from rigorous academic training to real-life financial navigation, Brittne brings a wealth of knowledge, empathy, and innovative thinking to her coaching.

At the heart of Brittne's mission is "The Joyous Journey to Wealth," a program designed to equip women with the tools, knowledge, and support to manage their finances with ease, build generational wealth, and lead lives filled with joy. This program reflects her philosophy that financial health is not just about numbers but about creating a life that resonates with one's deepest values and aspirations.

Brittne's coaching extends beyond financial advice, offering a holistic approach that addresses the mental and emotional aspects of money management. She fosters a community where women can find support, accountability, and inspiration, ensuring that each member feels empowered to take bold steps toward their financial and personal goals.

For Brittne, financial coaching is more than a profession; it's a calling to inspire change, cultivate joy, and empower women to envision and achieve their most fulfilled lives. With a blend of compassion, expertise, and unwavering support, Dr. Brittne Halford is not just a coach but a beacon of hope for women navigating the journey to financial freedom and joy.

Find her podcast Wealth Minded MD that she co-hosts with Dr. Lisha Taylor who was also on the show! Check out the show with Lisha if you haven’t had a chance to!

Top 5 Key Highlights

[00:00:00 - 00:05:00] Empowering Financial Transformation: Introduction to Dr. Brittne Halford's mission of guiding women to gain confidence in their financial decisions, highlighting her approach to intertwining personal joy with financial control.

[00:05:01 - 00:10:00] Personal Journey of Overcoming Debt: A deep dive into Dr. Halford's personal story of overcoming $131K in student loan debt, illustrating her journey from financial burden to freedom and the lessons learned along the way.

[00:10:01 - 00:15:00] The Joyous Journey to Wealth Program: An overview of the Joyous Journey to Wealth, a 6-month group coaching program crafted by Dr. Halford, aimed at reducing financial stress, building wealth, and ensuring a life filled with joy.

[00:15:01 - 00:20:00] Holistic and Tailored Approach: Exploration of Dr. Halford's personalized coaching methodology that considers the unique financial and emotional landscapes of each individual, emphasizing the importance of a holistic approach to financial planning.

[00:20:01 - 00:25:00] Commitment to Financial Literacy and Independence: Concluding with Dr. Halford's dedication to equipping women with the tools and knowledge for financial independence, planning for retirement, and engaging in empowered money conversations, all while cherishing personal joy and fulfillment.

This episode is sponsored by 

PearsonRavitz – helping physicians safeguard their most valuable assets. 

Also sponsored by PracticeLink – More than just a job board; they are a lifeline. 

If you enjoyed the show, find and follow Dr. Disha everywhere else:

Twitter

Website

Facebook

The Frugal Physicians Facebook Group

YouTube 

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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

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.

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.

Piggy and Kitty from the "Bitches Get Riches" blog and podcast, discuss their origin stories, experiences with personal finance, and the challenges they've overcome. The conversation emphasizes the impact of burnout and stress on financial well-being and the need for individualized solutions.

Learn more about Bitches Get Riches:

Lauren and Jess, known as Piggy and Kitty, are the dynamic duo behind the popular blog and podcast, "Bitches Get Riches." These two financially savvy feminist killjoys in their 30s have made waves in the world of personal finance with their witty and insightful content. They were even honored with the 11th annual Plutus Award for Personal Finance Blog of the Year. With their unique perspectives, they offer a fresh take on financial topics, empowering their audience to navigate the world of money with humor and wisdom. Their passion for helping others achieve financial well-being shines through in their work, making them a valuable resource for anyone looking to take control of their finances.

Looking for something specific? Here you go:

00:00:00 - Introduction and Content Warning

00:01:02 - Guest Introduction: Bitches Get Riches

00:02:09 - Origin Stories of Kitty and Piggy

00:03:19 - Bonding Over Financial Adversity

00:04:07 - Creative Careers and Financial Savvy

00:05:27 - Lauren's Background and Financial Responsibility

00:06:33 - The Value of Money and Student Debt

00:07:41 - The Complexities of Dieting vs. Financial Health

00:08:19 - Stress, Health, and Financial Recovery Costs

00:09:23 - Women's Issues and Imposter Syndrome

00:11:06 - Comparing Dieting and Financial Fitness

00:13:05 - The Impact of Stress on Health and Finances

00:14:18 - The Cost of Recovery from Work

00:15:44 - Personal Rhythms and Financial Independence

00:17:08 - The Connection Between Wellness and Financial Fitness

00:18:06 - The Upcoming Burnout Course

00:19:32 - Recovery and Recreation: Financial Implications

00:20:45 - The Importance of Intentionality in Personal Finance

00:21:35 - The Seven-Day Work Cycle and Recovery Costs

00:22:12 - Making Strategic Choices for Financial and Personal Well-being

00:23:02 - Personal Work Patterns and Retirement

00:24:49 - The Importance of Acknowledging Burnout

00:25:31 - The Upcoming Course on Burnout

00:26:45 - The Role of Community in Personal Finance

00:27:57 - The Slow-Fi Movement and Personal Choices

00:29:26 - The Course's Focus on Burnout and Financial Impact

00:30:41 - The Culture of Martyrdom and Burnout

00:31:43 - The Importance of Addressing Burnout

00:32:49 - The Medical Community and Burnout Studies

00:33:57 - The Need for Honest Conversations About Burnout

00:35:35 - The Vision for a Future Without Stress

00:37:48 - Closing Remarks and Contact Information

00:39:24 - The Generational Trauma of Burnout in Medicine

00:40:57 - The Importance of Self-Reflection on Burnout

00:42:10 - Episode Wrap-Up and Additional Resources

This episode is sponsored by 

PearsonRavitz– helping physicians safeguard their most valuable assets. 

Also sponsored by Contract Diagnostics - A nationwide physician contract consulting company, not a law firm that specializes 100% in physician contract review.

If you enjoyed the show, find and follow Dr. Disha everywhere else:

Twitter

Website

Facebook

The Frugal Physicians Facebook Group

YouTube 

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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.

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 Finding Financial Freedom Podcast, we sat down with Dr. Alex Schloe, a physician and real estate investor who transitioned from a traditional path in medicine to a life of autonomy and financial freedom. If you're a physician seeking more control over your time, career, and finances—this conversation is for you.

Dr. Alex shares how his desire for flexibility and purpose led him to explore real estate, eventually finding success through residential assisted living and syndications. He breaks down how these investments create cash flow and how they can empower physicians to practice medicine on their own terms.

Key Topics Covered:

1. Dr. Alex’s Background
From conventional medical training to pursuing autonomy through financial education and investing.

2. Starting the Real Estate Journey
How Dr. Alex began investing in real estate and what sparked his interest.

3. Learning Syndication
How he discovered real estate syndications and built confidence to get involved.

4. Residential Assisted Living Explained
What it is, how it works, and why it's an opportunity for impact and profit.

5. Four Ways to Invest in Assisted Living
Dr. Alex breaks down the different investment models available in this niche.

6. Cash Flow Potential
A practical look at the cash flow potential in residential assisted living—and how it compares to traditional rental properties.

7. Practicing Medicine on Your Own Terms
How real estate investing has allowed Dr. Alex to design a medical career that aligns with his passions and lifestyle.

Resources Mentioned:

• Dr. Alex Schloe Website 
• Residential Assisted Living Academy
• Physicians and Properties Podcast

Listener Takeaways:

Connect with Us:

• Host: Dr. Disha Spath, The Frugal Physician

• Guest: Dr. Alex Schloe, Physician and Real Estate Investor

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, 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.

🎉**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.

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👋  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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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.

________

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.

Special thanks to our Title Sponsor, Set for Life Insurance – Life, Disability, and Long-Term Care Coverage for a secure future. 

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Five years ago, Dr. Disha reached a breaking point in her career. She was overwhelmed, burnt out, and feeling pulled in multiple directions without making progress in any of them. Determined to change her life, she took a hard look at her financial situation and devised a plan to pay off her debt. Through budgeting, cutting expenses, and stepping into the stock market, she managed to eliminate her debt burden and create a financial cushion.

This newfound financial freedom gave her the opportunity to design a life on her own terms. She adjusted her work schedule, pursuing her passion project and rediscovering the joys of tennis and music. She learned that having financial stability and reducing debt not only provides options but also empowers you to live a life aligned with your values.

Dr. Disha created this podcast to share her story and provide guidance to those who feel trapped in their financial circumstances. Let's join forces, take charge of our finances, and work together towards the ultimate goal of financial freedom. 

Share this podcast with friends and colleagues who may benefit from this transformative journey. It's time to embrace change and embark on the path to financial freedom.

If you enjoyed the show, find and follow Dr. Disha everywhere else:

Twitter

Website

Facebook

The Frugal Physicians Facebook Group

YouTube (Coming Soon!)

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Looking for something specific in this show? Here you go!

00:00: Introduction and background: 

Dr. Disha Spath shares her personal journey and the importance of financial empowerment for physicians.

02:15: Student loans and early financial decisions: 

Dr. Spath discusses her experiences with student loans, financial choices during undergrad and medical school, and the impact of taking a year off to teach in Southern California.

07:35: Career and family decisions: 

Dr. Spath talks about meeting her husband, their career choices, buying a house for rental purposes, and the financial challenges they faced while starting a family.

14:05: Debt and financial struggle: 

Dr. Spath reveals the extent of their debt, including student loans, mortgage, and car loans, and how they were living paycheck to paycheck despite appearances.

18:20: Realization and seeking financial advice: 

Dr. Spath shares her realization during maternity leave, meeting with a financial advisor, and taking steps to improve their financial situation.

23:30: Debt repayment strategy: 

Dr. Spath explains their decision to adopt the Dave Ramsey method, track expenses, create a budget, and prioritize paying off debts using the snowball method.

27:40: Overcoming lifestyle inflation: 

Dr. Spath describes how they resisted lifestyle inflation when buying a new car and chose to pay with cash instead of taking on more debt.

31:25: Focusing on student loans: 

Dr. Spath discusses their decision to focus on paying off student loans and the considerations behind their move to Albany, New York.

35:10: Conclusion and future plans: 

Dr. Spath reflects on their progress, moving to Albany, and their commitment to financial freedom.

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.

Understanding the Chase 524 rule is crucial for anyone who wants to maximize their rewards and benefits from credit cards. The Chase 524 rule, also known as the most important yet unofficial and unpublished rule in the world of points earning credit cards, can significantly impact your ability to obtain valuable rewards cards on the market.

In this episode of Point Me to First Class called, "Understanding the Chase 524 rule," the host, Dr. Devon Gimble, emphasizes the importance of this topic. She acknowledges that while it may be considered boring, it is essential knowledge for those serious about earning points. Devon invites Dr. Disha joined her show to help deconstruct the Chase 524 rule.

Learn more about Point Me to First Class:

Point Me to First Class is a podcast specially designed for employed professionals, entrepreneurs, and business owners. Hosted by Devin Gimbel, it's a treasure trove of information on leveraging expenses to travel luxuriously. The show focuses on optimizing credit card points and miles, turning everyday spending into opportunities for extravagant travel. Whether it's deciphering credit card rules or exploring new strategies for points accumulation, "Point Me to First Class" is the ultimate guide for those aspiring to travel more, better, and often.

Looking for something specific? Here you go:

00:01:30 Understanding the Chase 524 rule.

00:05:15 Understanding the Chase 524 rule.

00:10:56 Chase points are valuable and flexible.

00:15:10 Chase 524 rule restricts credit card approvals.

00:20:10 Understanding the 5/24 rule for credit card applications.

00:28:17 Authorized user accounts count towards 524.

00:30:40 Consider Chase 524 rule carefully.

00:36:02 Prioritize Chase business cards first.

00:41:12 Keep credit card accounts open.

00:45:39 Understanding Chase Freedom card options.

00:50:32 Different approaches to tracking credit.

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 Physicians Facebook Group

YouTube (Coming Soon!)

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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.

Dr. Stephanie Pearson, a former OB-GYN who suffered a career-ending injury, discusses her journey of navigating disability insurance claims. She shares her personal experience of battling a torn labrum, a frozen shoulder, and the emotional toll of being denied coverage for work-related injuries. Dr. Pearson's determination to educate and advocate for physicians' disability insurance needs led her to become an insurance broker. The conversation delves into the historical approach to mental health coverage for physicians, the changes in recent years, and the challenges physicians face when seeking mental health support and coverage.

Bio / Links:

Stephanie Pearson, MD, FACOG, is a board-certified OB/GYN and a licensed broker specializing in disability and life insurance for physicians. Injured in the prime of her career as an OB/GYN, Stephanie was forced to pivot; through her own firsthand experience, she found a new calling in advocating for and educating her peers on their insurance needs. Stephanie’s goal is to empower others to protect their most valuable asset: their ability to earn income. As a speaker, Stephanie combines her hard-won insurance expertise with her personal experience to address the physical and mental impact of physician disability, emphasizing the importance of proper coverage. Stephanie’s background includes 9 years of medical practice after receiving her M.D. from Drexel Universities MCP/ Hahnemann College of Medicine (now Drexel University College of Medicine), and completing a residency at Pennsylvania Hospital. She currently lives in Bryn Mawr, Pennsylvania with her husband, their two children, and dogs.

stephanie@pearsonravitz.com 

www.pearsonravitz.com 

https://www.linkedin.com/in/stephaniepearsonmd/

https://www.instagram.com/drstephaniepearson

Show facts:

• Dr. Stephanie Pearson transitioned from being an OB-GYN to a dedicated insurance broker.
• The focus on mental health coverage for physicians has significantly evolved in the last few years.
• Certain diagnosis codes, like major depressive disorder, can impact insurance coverage.
• Some women have successfully negotiated mental health coverage as part of their employment contracts.
• Efforts are ongoing to incorporate mental health education and support into physician training.

Looking for something specific? Here you go!

• [00:00:49] Dr. Pearson's journey, career-ending injury, and passion for advocating physician insurance needs.
• [00:01:42] Experience with inadequate insurance coverage and the realization of gaps.
• [00:05:00] A period of darkness and struggle with mental health challenges.
• [00:07:00] Dr. Pearson's transition to becoming a passionate advocate and advisor for physicians' insurance needs.
• [00:08:00] Evolution of mental health coverage in disability insurance, factors contributing to change.
• [00:13:00] Challenges and unique considerations when providing mental health coverage for physicians.
• [00:17:00] The importance of early coverage to address potential future mental health needs.
• [00:20:00] Balancing accurate documentation with protecting physicians' mental health records.
• [00:23:00] The role of healthcare institutions in supporting mental health for physicians.
• [00:25:00] Advocacy efforts to address mental health-related questions in licensing and insurance.
• [00:30:00] Recommendations for institutions, organizations, and associations to promote mental health awareness and support.

If you enjoyed the show, find and follow Dr. Disha everywhere else:

Twitter

Website

Facebook

The Frugal Physicians Facebook Group

YouTube (Coming Soon!)

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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.

🎉**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

1. "Women in Medicine: Shattering Stereotypes and Breaking Barriers" (Suggested Reading for Topics Covered by Dr. Jain)

Conferences

1. 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

1. Various publications on gender equity and healthcare (Published by Dr. Shikha Jain in medical journals and online platforms)

Websites

1. Women in Medicine Summit: Women in Medicine Summit

2. Dr. Shikha Jain's Professional Profile: LinkedIn - Dr. Shikha Jain

Social Media

1. Twitter: @ShikhaJainMD

2. LinkedIn: Dr. Shikha Jain

Events

1. 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

2. 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

1. Gender Equity in Healthcare

   • Addressing the pay gap and leadership inequities

   • Importance of mentorship, sponsorship, and allyship

2. Leadership and Professional Development

   • Workshops on negotiations, financial planning, and career advancement

   • Interactive sessions to develop practical skills for success in medicine

3. Personal and Professional Balance

   • Strategies for finding joy and fulfillment in medical careers

   • Navigating challenges unique to women in the healthcare profession

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👋  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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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.

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 

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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.

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.

“Can money really buy happiness, or just comfort?” Let’s find out in today’s episode.

Welcome back to the Finding Financial Freedom Podcast with Dr. Disha Spath. In this episode, we're doing something special—a collaborative episode with Dr. Elisa Chiang, host of the Grow Your Wealthy Mindset Podcast. Dr. Elisa is a practicing oculoplastic surgeon, certified life coach, and founder of Grow Your Wealthy Mindset, where she empowers physicians to take control of their finances and live with intention.

In this joint episode, we dive deep into the intersection of money, happiness, and intentional living.  Together, we explore how financial wellness supports happiness—but why it's not the whole picture. From personal insights on spending habits to reflections on physician burnout and values-driven choices, this conversation unpacks what it truly means to live a wealthy life—and find financial independence as physicians.

Key Topics Covered:

1. Does Money Buy Happiness?
Why money contributes to happiness—but doesn’t guarantee it.

2. Value-Based Spending
How aligning your spending with your values brings more satisfaction.
When purchases become liabilities—emotionally and financially.

3. Physician Wellness for Doctors
The pressure to “upgrade” lifestyle post-training and finding the path to financial wellness.

4. Trading Time for Money (Is It Worth It?)
Why more income doesn’t always mean more happiness.
How to eliminate lifestyle inflation and regain control of your finances.

5. Money and Happiness
 Why achieving happiness as a physician requires active, ongoing work.
 How coaching and self-reflection can lead to real balance.

Listener Takeaways:

Resources Mentioned:

• GrowYourWealthyMindset.com 
• The Grow Your Wealthy Mindset Podcast

Follow Dr. Elisa Chiang:

• Instagram:  @GrowYourWealthyMindset instagram
• Facebook: ElisaChiang

About the Co-Host:

Dr. Elisa Chiang is a board-certified oculoplastic surgeon, life coach, and host of the Grow Your Wealthy Mindset Podcast. She helps physicians take charge of their money and mindset to build a life of purpose, balance, and true wealth.

Connect with Us:

Host: Dr. Disha Spath, The Frugal Physician

If you're a physician striving for more than just financial security—if you're seeking joy, alignment, and meaning—this episode is your roadmap.

Dr. Disha discusses the valuable insights from Christine Benz of Morningstar, particularly focusing on Morningstar's State of Retirement in 2023 report. The report provides forward-looking guidance on retirement income, utilizing Monte Carlo simulations to predict various outcomes. It explores safe withdrawal rates, flexible withdrawal strategies, and the concept of a TIPS ladder for guaranteed income. Additionally, the episode touches upon the importance of bonds and provides information on different types of bonds, including Treasury Inflation Protected Securities (TIPS).

Additional resources mentioned:

What is the Safe Retirement Spending Rate in 2023 and 6 Retirement Spending Strategies: Visit this link for a free download of Morningstar’s latest retirement spending report. 

Open Social Security Tool by Mike Piper: Access the tool at Open Social Security.

Looking for something specific? Here you go:

00:02:43 Flexible strategies for retirement income.

00:06:11 Tips ladder for guaranteed income.

00:11:31 Invest in EE bonds for retirement.

Sponsored by Eckard Enterprises– a family-owned and operated alternative investment and asset management firm, specializing in mineral rights. 

Also sponsored by PearsonRavitz– helping physicians safeguard their most valuable assets. Sign up for our upcoming webinar on December 11th! Go here. 

If you enjoyed the show, find and follow Dr. Disha everywhere else:

Twitter

Website

Facebook

The Frugal Physicians Facebook Group

YouTube (Coming Soon!)

-----------

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.

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.

Dr. Kathy Stepien discusses her journey from physical therapy to pediatrics and how she found her true calling in coaching fellow physicians. She emphasizes the importance of aligning one's career with personal values to achieve fulfillment and happiness.

The conversation touches upon the connection between finances and physician wellness, highlighting the limiting belief that income is finite and exploring the broader concept of wealth, including time and freedom. They stress the significance of making value-based decisions with both time and money.

Dr. Stepien encourages physicians to consider coaching as a tool to navigate their career and personal lives successfully, emphasizing that it's essential to choose coaching for the right reasons, driven by a genuine desire to grow.

This episode is brought to you by… 

Set for Life Insurance – Life, Disability, and Long-Term Care Coverage for a secure future. 

In this episode, Dr. Disha interviews Dr. Kathy Stepien, a pediatrician and life coach for women physicians. Dr. Stepien shares her journey from physical therapy to medicine and coaching, discussing the importance of physician wellness and its connection to finance. 

Learn more about Dr. Kathy Stepien:

Dr. Stepien wears many hats—she's a board-certified Pediatrician, the visionary Director of the Institute for Physician Wellness, a Certified Coach, and a devoted super mom to two incredible teenage boys.

In 2016, Dr. Stepien took the bold step of founding the Institute for Physician Wellness, a haven for physicians seeking to learn, heal, grow, and connect. Since its inception, her incredible team and she have touched the lives of thousands of physicians worldwide through their transformative Retreats, Coaching, and Chief Wellness Officer Certification program. 

Find Dr. Stepien on her website. 

Looking for something specific? Here you go!

[00:02:00] Dr. Kathy Stepien's Journey

[00:03:00] The Institute for Physician Wellness

[00:12:00] The Connection Between Wellness and Finances

[00:19:00] The Value of Coaching

[00:22:00] Tips for Finding the Right Coach 

[00:24:00] The Power of Retreats

[00:26:00] CME Opportunities 

[00:27:00] Final Thoughts on Physician Wellness 

Still listening? 

Check out Ep4: Financial Baby Step 1 and 2 for Physicians where I explain protecting your loved ones with life insurance and estate planning. 

If you enjoyed the show, find and follow Dr. Disha everywhere else:

Twitter

Website

Facebook

The Frugal Physicians Facebook Group

YouTube (Coming Soon!)

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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.

Special thanks to our Title Sponsor, MedicalExpertWitness.com - grow your expert witness practice today!

—----

This story recounts a near-drowning incident of a three-year-old in Dal Lake, nestled in the Himalayas. Saved by a shikara rower, the experience teaches her the importance of not panicking during a crisis. Fast forward, she uses this lesson to conquer her massive debts as a physician, paying off over a million dollars in three years. The narrative then explores two effective debt repayment methods: the debt avalanche and the debt snowball. By applying an extra $1,000 each month, the protagonist becomes debt-free in just nine years, achieving financial independence.

Dr. Disha created this podcast to share her story and provide guidance to those who feel trapped in their financial circumstances. Let's join forces, take charge of our finances, and work together towards the ultimate goal of financial freedom.

Share this podcast with friends and colleagues who may benefit from this transformative journey. It's time to embrace change and embark on the path to financial freedom.

If you enjoyed the show, find and follow Dr. Disha everywhere else:

Twitter

Website

Facebook

The Frugal Physicians Facebook Group

YouTube (Coming Soon!)

-----------

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.

We've turned to our Facebook community, The Frugal Physicians, and your emails to bring you a unique segment. Dr. Disha is answering a few of your questions about managing finances, making smart investments, and seeking out alternative income streams in the world of healthcare.

A significant portion of today’s episode is dedicated to real estate investment. Dr. Disha shares her personal journey, inspired by the principles in "Rich Dad, Poor Dad," and discusses the tangible benefits of real estate, including tax advantages, inheritability, and the potential for high returns. She provides practical advice on getting started, managing risks, and understanding the nuances of different types of real estate investments, from long-term rentals to short-term vacation properties. 

Looking for something specific? Here you go:

00:00:11 - Introduction and Apology for Delay

00:00:33 - Welcome to Finding Financial Freedom Podcast

00:01:00 - Community Questions on Finance in Healthcare

00:02:06 - Passive Income for Physicians

00:04:13 - Creating Intellectual Property for Passive Income

00:04:55 - Exploring Side Gigs for Doctors

00:06:00 - Monetizing Blogs and Podcasts

00:07:17 - Affiliate Marketing Explained

00:08:02 - Direct Contracting and Content Creation

00:08:55 - Multiple Income Streams and Wealth Building

00:09:53 - Real Estate Investment for Financial Security

00:11:07 - Benefits and Strategies of Real Estate Investing

00:13:45 - Tax Benefits of Real Estate Investing

00:15:58 - High Risk and Reward of Real Estate

00:17:02 - Real Estate Investment Types

00:18:26 - Real Estate as a Tangible Asset

00:19:56 - Short-Term Rental Investing and Tax Benefits

00:23:28 - Addressing Investment Losses and Tax Implications

00:28:57 - Subscription Model in Healthcare Business

00:34:17 - Physician Groups for DIY Enthusiasts

00:38:06 - Closing Remarks and Contact Information

This episode is sponsored by 

Eckard Enterprises – is an asset management company that focuses on providing families access to diverse, alternative investments.

If you enjoyed the show, find and follow Dr. Disha everywhere else:

Twitter

Website

Facebook

The Frugal Physicians 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.

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.

Meet inspiring guest Dr. Jordan Frey, a plastic surgeon turned finance guru, as he shares his journey from financial uncertainty to wealth. Explore strategies like the backdoor Roth and tax loss harvesting while maintaining a successful medical career. Get ready for financial empowerment!

This episode is brought to you by… 

Set for Life Insurance – Life, Disability, and Long-Term Care Coverage for a secure future. 

Learn more about Dr. Frey:

Jordan Frey, the Prudent Plastic Surgeon, went from -$520,000 net worth to financial success in just 18 months. He shares his journey to help others achieve personal and financial well-being. Married to Selenid with three boys, Jordan started as an attending surgeon in Buffalo, NY, after extensive training in New York City. Despite societal expectations of wealth, Jordan found satisfaction in financial independence, authenticity, and a plan for well-being rather than consumerism. He's transparent about his financial mistakes and his path to growth and independence, inviting others to join him on this journey.

Find Dr. Frey on his website. 

Looking for something specific? Here you go!

[00:29:00] - Discussing Tax-Advantaged Investing

[00:30:00] - Exploring Real Estate Opportunities

[00:31:00] - The Importance of Emergency Funds

[00:32:00] - Diving into Passive Income Streams

[00:33:00] - Navigating Student Loan Repayment

[00:34:00] - Strategies for Debt Management

[00:35:00] - Retirement Planning Tips

[00:36:00] - Balancing Career and Financial Goals

[00:37:00] - Investing in Market Volatility

[00:38:00] - Financial Empowerment for Healthcare Professionals

Still listening? 

Check out Ep2: From Blank Slate to Financially Savvy with Hubby, Josh Spath. Learn about how my husband and I went from exorbitant debt to financially healthy. 

If you enjoyed the show, find and follow Dr. Disha everywhere else:

Twitter

Website

Facebook

The Frugal Physicians Facebook Group

YouTube (Coming Soon!)

-----------

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.

Once a radiologist content with the traditional path to retirement, Dr. Param encountered unforeseen challenges that shifted her perspective and led her to the world of real estate. Her candid recounting of the obstacles faced and the subsequent realization that real estate could offer a more robust and resilient path to financial independence is both inspiring and educational.

Dr. Param’s deep dive into the nuances of real estate syndication, from understanding market dynamics to evaluating deals and sponsors, provides listeners with a comprehensive guide to navigating the often-intimidating realm of real estate investment.

You’ll enjoy this one!

Dr. Param Baladandapani is not your average radiologist. With a career that began in the halls of medicine, she has journeyed far beyond the confines of clinical practice to become a real estate mogul, a dedicated mentor, and a passionate advocate for financial independence. Faced with career challenges and the tumult of a global pandemic, she turned adversity into opportunity, diving deep into the world of real estate. Her astute investments and strategic acumen have culminated in a portfolio boasting over 1,176 stores and assets under management valued at $210 million, securing her financial independence by the age of 41.

A full-time mom and an unwavering believer in the power of education, Dr. Param has dedicated herself to guiding others on their path to financial freedom. 

Through her platform, Generational Wealth MD, she demystifies real estate investment, sharing the insights and strategies that propelled her to success. Her work extends beyond financial mentoring; she is deeply committed to philanthropy, with a focus on supporting children with disabilities in rural India through her nonprofit, GW Gives.

Dr. Param’s journey from a medical professional to a real estate investor and philanthropist is a testament to the transformative power of ambition, education, and the will to make a difference. Her story inspires many to rethink their approach to financial independence, blending the art of investment with the heart of giving back.

Top 5 Key Highlights

[0:02:30] - Dr. Param shares her initial foray into real estate, catalyzed by personal and professional upheavals.

[00:15:45] - Deep dive into real estate syndications: The what, why, and how of passive investing.

[00:32:00] - The pivotal moment: Choosing to focus on real estate for financial independence and the aha moment that changed everything.

[00:45:20] - Risk assessment in real estate investments and strategies to mitigate them.

[47:05:00] - Dr. Param discusses the broader impact of financial freedom, including philanthropy and work-life balance.

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👋  This episode is sponsored by PearsonRavitz – helping physicians safeguard their most valuable assets. 

—----

👋 Also sponsored by Resolve – Physician contract review and compensation data at your fingertips! For 10% off, add FRUGAL10 when signing up as a new client!

—---

This episode is sponsored by 

PearsonRavitz – helping physicians safeguard their most valuable assets.

Ever feel like you're trying to solve a Rubik's Cube in the dark? That's life insurance for doctors, according to Dr. Stephanie Pearson, your friendly neighborhood OB-GYN turned life-insurance-superhero. After a plot twist in her own life story, she swapped her stethoscope for a mission to demystify insurance for medics far and wide.

So, What's the Deal with Term vs. Permanent?

Tune in to find out!

More on Dr. Stephanie Pearson:

Once an OB-GYN, Dr. Stephanie Pearson's career took an unexpected pivot following a life-altering injury. This pivotal moment didn't mark the end but rather the beginning of a remarkable mission to bridge the vast chasm between the intricacies of insurance and the needs of those dedicated to healing.

Founding PearsonRavitz, Stephanie transformed her challenge into a channel for change, advocating for a world where physicians are as protected in their financial lives as they are devoted in their medical practices. She’s not just the founder of a company; she is a crusader for clarity, arming doctors with the armor of knowledge against the unforeseen, ensuring they can withstand storms without faltering in their commitment to care for others.

With the acumen of an insurance expert and the empathy of a physician, Dr. Pearson has become a beacon of trust in an industry often clouded by complexity. Her approach is not merely to inform but to empower, making the labyrinth of life insurance policies navigable with her insightful guidance. She tackles the daunting with humor and the complex with simplicity, turning the task of choosing the right insurance from a burden into a safeguard for peace of mind.

Work with Stephanie and her team: http://pearsonravitz.com 

<<<Also sponsored by Resolve. A physician contract review and compensation data company bringing change to physician contracts. For 10% off, add FRUGAL10 when you sign up!>>>

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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.

Produced in partnership with… 

Eckard Enterprises – Learn how to build and protect your wealth through an alternative investment in minerals. 

***This show is produced in partnership with Eckard Enterprises, highlighting their expertise in alternative investments and tangible assets. The content presented is part of a paid collaboration designed to educate and inform our audience about financial opportunities within the realm of mineral rights investing. The views and opinions expressed are provided for informational purposes only and do not constitute financial advice.

Troy W. Eckard, CEO of Eckard Enterprises, outlines the company’s focus on alternative investments, especially in mineral rights. With a track record of substantial investor engagement and over $700 million in capital invested, Eckard emphasizes the advantage of immediate cash flow opportunities, the importance of their AML approach, and the strategic acquisition of assets. He further explains the nuances of mineral rights investing, the industry dynamics, and the role of technology in maximizing investment returns. Additionally, Eckard discusses the economic and environmental aspects of the energy sector and provides valuable advice on tax strategies for investors.

Learn more about Troy Eckard:

Troy W. Eckard is the dynamic CEO and driving force behind Eckard Enterprises, a leading firm in alternative investments and asset management with a strong focus on mineral rights and tangible assets. With more than 37 years of industry experience, Troy has established himself as a vanguard in empowering private investors to achieve financial freedom and build wealth through strategic investment opportunities.

Troy's journey began in 1985 when he was hired by a small investment firm in Dallas during his college years. His innate understanding of economics and finance, combined with a pioneering spirit, led him to establish his own investment firm in 1991, which he grew successfully over 22 years. His deep integration into the oil and gas space has been marked by expertise in drilling, exploration, seismic acquisitions, and pipeline management.

Troy's passion for the industry is as much about fostering successful investment portfolios as it is about cultivating lasting relationships with his partners, whom he treats with the utmost respect and consideration. His open-door policy, including sharing his personal contact information, reflects his dedication to accessibility and partner support.

For those seeking guidance on navigating the ever-evolving landscape of alternative investments, Troy W. Eckard stands as a beacon of knowledge, experience, and success. His work with Eckard Enterprises continues to offer a gateway to tangible assets, promising a future of stability and prosperity for investors ready to embark on a journey toward financial security.

Find and connect with Troy and his company at www.eckardenterprises.com 

Looking for something specific? Here you go:

0:00 - Introduction to Eckard Enterprises and their expertise in alternative investments.

1:01 - Introduction of Troy W. Eckard and his background.

1:39 - Eckard's response and the state of the day.

1:41 - Discussion on the nature of mineral rights investing.

1:58 - Eckard’s journey in the energy industry.

3:03 - Explanation of mineral rights and their acquisition.

3:12 - The division of land rights into air, surface, and mineral.

4:34 - How owning land includes mineral rights and their potential.

6:11 - Eckard Enterprises' approach to investing in mineral rights.

8:19 - Addressing investor hurdles in the oil and gas sector.

10:51 - Eckard’s investment locations and strategy.

13:14 - Minimum investment requirements and structure.

15:41 - Addressing the impact of oil price volatility.

17:36 - The future of oil and gas in the face of green energy trends.

20:07 - The economics of green and fossil fuels.

22:58 - The company's revenue model and investor benefits.

26:13 - Tax implications for investors receiving royalty checks.

28:18 - Investment through retirement accounts.

29:52 - The possibility and process of liquidating investments.

32:55 - Handling of investor assets upon death.

35:53 - How to contact Troy W. Eckard.

If you enjoyed the show, find and follow Dr. Disha everywhere else:

Twitter

Website

Facebook

The Frugal Physicians Facebook Group

YouTube (Coming Soon!)

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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.