EP. 39 | November 20, 2024

Top Wealth Killers

When working toward financial success, we often prioritize strategies to grow wealth. However, it’s just as crucial to identify the subtle habits and hidden traps that can gradually drain your finances. In this episode, we delve into common financial missteps that can erode wealth, even for high-income earners like physicians. From overspending, under-investing, overpaying for financial help, taxation pitfalls, and the importance of adequate insurance, hear about essential strategies for avoiding these mistakes. The discussion emphasizes the significance of investments, managing taxes efficiently, and ensuring proper financial planning, especially for high-earning professionals. Learn how to build and protect your wealth from these top wealth killers to stay financially healthy!

EP. 38 | November 13, 2024

Loan Repayment, Money Mindset, and Burnout in Medicine

Physician burnout doesn’t just impact your well-being, it ripples into patient care and the entire healthcare system. In this episode, we tackle the pervasive issue of burnout in medicine, exacerbated by ongoing challenges with student loan repayments and policy uncertainties, such as the complex student loan situation under the SAVE plan. Join us as we dive into practical strategies for reclaiming balance in your life. From setting healthy boundaries and prioritizing self-care to making time for passions outside of medicine and monetizing them, learn how improving financial health can create more flexibility and prevent burnout from taking over. Gain insights to protect your career and peace of mind!

EP. 37 | November 6, 2024

The reality of negotiating for women

Negotiation is often frowned upon for women, yet it is one of the key factors for closing the gender wage gap. In this episode, we share insights into the reality of negotiation for women. From key reasons why women often feel apprehensive about negotiating to insightful statistics highlighting the disparities between men and women's negotiation habits, learn how to effectively negotiate various aspects of a job offer beyond just salary, understand the significance of overcoming stereotypes, and explore valuable strategies. Tune in to discover how expressing gratitude and advocating for yourself are not mutually exclusive, and gain insights into how to confidently demand your value in the workplace.

EP. 36 | October 30, 2024

New Work Roles, the Stress of Parenting, and the Gender Wage Gap

Statistics show that women in medicine make less, but we’re here to change that. In this episode, we dive into the financial challenges women face, from gender wage gaps to how women in medicine often carry more student debt and display lower financial literacy and confidence in negotiating salaries than men. We also explore insights on balancing new work roles, the stresses of modern parenting, and the need for policies and support systems that can make a difference. Join us as we tackle these disparities and share practical strategies in financial education, negotiating, investing, and informed decision-making to help close the wealth gap.

EP. 35 | October 23, 2024

Hiring help, Unexpected Retirement accounts, & Navigating Work Benefits During Open Enrollment

Open enrollment is about to start, and with the right information, this process doesn’t have to be a headache. In this episode, we explore strategies for optimizing job benefits and securing essential insurances (health, disability, life). We dive into strategically utilizing FSAs, HSAs, and maximizing retirement contributions, as well as overlooked perks like college tuition assistance and mortgage support. Plus, learn the importance of continuous learning, annual reviews, and leveraging job and non-traditional benefits for financial growth. Tune in now to to get the most out of the benefits at your job!

EP. 34 | October 16, 2024

End of Year Financial Checklist

As the year draws to a close, it’s the perfect opportunity to assess your progress toward your financial goals. In this episode, we provide a comprehensive year-end financial checklist for physicians, including maximizing retirement account contributions, using pre-tax benefits like Flexible Spending Accounts (FSAs) and Health Savings Accounts (HSAs), optimizing charitable contributions for tax deductions, adjusting tax withholdings to reflect your current income, and rebalancing investment portfolios to align with your long-term goals. Learn about maximizing business expenses, reviewing your investment portfolio, considering tax-loss harvesting, and conducting a year-end review of your financial plan. Tune in now for actionable strategies that will help you finish the year strong and set purposeful financial goals for the year ahead.

EP. 33 | October 9, 2024

Sabbaticals, Family Travels, & Financial Challenges with MoneyFitMD

Taking a sabbatical goes far beyond simple financial calculations; it requires thoughtful planning of both your finances and your runway. In this episode, Dr. Latifat, a physician and money coach from MoneyFitMD, shares her journey from facing burnout and debt to becoming a thriving financial coach and entrepreneur. Discover how her bold choice to take a sabbatical and travel the world with her family transformed her financial perspective and empowered her to build a life in line with her deepest values. Learn practical tips for managing your finances during a sabbatical, and explore how financial freedom can unlock new opportunities. Tune in to discover how to align your money with your life’s purpose and make it work for you!

EP. 32 | October 2, 2024

How much should you have saved up for retirement at each age?

Retirement planning can feel overwhelming, but no matter your age, taking consistent steps toward saving is key to long-term financial security. In this episode, we dive into the essential retirement savings benchmarks for physicians at each decade of life—from the 30s to the 60s. Discover the importance of early investment, maximizing employer retirement benefits, strategies for managing debt, and the need to adjust your financial approach as you near retirement. There's no one-size-fits-all number, but setting clear, personalized goals is crucial. Tune in to learn smart strategies for defining your retirement goals, organizing your savings, and prioritizing what matters most.

EP. 31 | September 25, 2024

Dealing with high cost of cars and car insurance

With car prices and insurance rates climbing higher than ever, navigating these costs can feel daunting. In this episode, we’ll dive into the financial commitment of car ownership and explore options that can help you save money. We discuss the current economic climate and its impact on car prices and insurance premiums. Learn about the pros and cons of leasing versus financing a car, the benefits of buying slightly used cars, why car insurance rates are increasing, and how to shop for better deals. Tune in for actionable insights that will equip you to make savvy financial choices and maximize your car ownership experience!

EP. 30 | September 18, 2024

Interest Rates are Dropping. Is it time to Refinance your Home?

Refinancing your home can be a smart financial strategy—but only if you time it right. In this episode, we explore the pros and cons of refinancing, from lowering interest rates and monthly payments to unlocking your home’s equity. We also break down the hidden costs, like closing fees and reserve requirements, and discuss when refinancing might not be in your best interest. Don’t make a decision without knowing all the details. Tune in for practical advice on making informed refinancing choices and avoid costly mistakes!

EP. 29 | September 11, 2024

Stock Market, Student Loans, & Interest Rate Changes, Oh MY!

Take charge of your finances and navigate today’s economic challenges with confidence. In this episode, we dive into the complexities of the current economic landscape, from stock market shifts and rising interest rates to savvy student loan management. Learn about loan forgiveness programs and strategies to optimize your student loan repayment. Plus, get insights into refinancing mortgages amid fluctuating rates and key considerations before making your next move!

EP. 28 | September 4, 2024

Estate planning for high-income professionals

Secure your legacy and protect your loved ones with a solid estate plan. In this episode, we break down the essentials of estate planning, from wills, trusts, and healthcare directives to organizing important documents and making critical decisions. Discover why having open conversations about end-of-life wishes is crucial and how the right legal support can help you avoid costly mistakes. Don’t leave your future to chance and create a plan that truly protects what matters most!

EP. 27 | August 28, 2024

Protecting yourself from lawsuits with Malpractice & Umbrella Insurance

Discover how to protect yourself and your career as a physician from potential lawsuits with the right insurance. In this episode, we break down the essential aspects of malpractice insurance, explore the differences between occurrence and claims-made policies, and discuss the significance of securing umbrella insurance for additional protection beyond the workplace. Gain valuable insights into the costs of tail insurance across specialties, understand the nuances of various insurance policies, and ensure you’re comprehensively covered both professionally and personally.

EP. 26 | August 21, 2024

Prenuptial Agreements: Protecting Your Future Assets

Getting a prenuptial agreement might seem daunting, but it could be the smartest move to protect your assets and manage finances in marriage. In this episode, we dive into the ins and outs of prenuptial agreements—from debunking common myths and exploring postnups to discussing why people opt for prenups and the implications of not having one. You’ll also learn how to maintain your financial identity in marriage. Don’t miss this discussion that might have you rethinking your approach to marriage and money, helping you make informed decisions about safeguarding your financial future.

EP. 25 | August 14, 2024

What type of life insurance, if any, should you get?

Choosing the right type of life insurance can be confusing, but it's crucial for securing your financial future. In this episode, discover how to safeguard your income with the right coverage, explore the pros and cons of term vs. whole life insurance, and learn the art of laddering policies to optimize your protection.

Joining us is Pradeep Audho from PKA Insurance Group, who shares his valuable insights on finding the best options for you. Tune in and transform your approach to life insurance into a powerful tool for financial security!

EP. 24 | August 7, 2024

The Pros and Cons of Emergency Funds

Discover how to create a financial buffer that keeps you prepared for life's uncertainties. In this episode, we explore the pros and cons of building an emergency fund and share how we’ve set up our own. Learn the ins and outs of creating your financial safety net. From determining the right amount you need, understanding the opportunity cost of maintaining an emergency fund, to balancing savings with debt repayment and customizing your approach to fit your needs. Tune in for expert advice and practical tips to safeguard your finances while still enjoying life’s pleasures!

EP. 23 | July 31, 2024

Protect Your Most Valuable Asset with Disability Insurance

Discover how to future-proof your life and your finances with disability insurance! In this episode, we cover the benefits of choosing independent insurance agents, the nuances of guaranteed standard issue (GSI) policies, and the importance of true own-occupation disability insurance. Learn how to manage employer vs. independent policies, navigate state-specific differences, and get practical advice from real-life claims to ensure you have the best coverage.

Joining us is Pradeep Audho from PKA Insurance Group, who shares his expert insights on safeguarding your financial future.

EP. 22 | July 24, 2024

Creating Financial Intimacy

Unlock the path to financial intimacy and fortify your relationship with open, honest money conversations. In this episode, learn practical strategies for having effective money talks with your partner, understand the importance of designating a family CFO, and explore ways to build financial transparency and trust.

Joining us is Dr. Kate Mangona, a certified life and marriage coach, to share wealthy insights on balancing financial goals, overcoming different financial backgrounds, and the power of love in financial discussions!

EP. 21 | July 17, 2024

Physicians on FIRE

Discover how to achieve the ultimate goal of retiring sooner than you think! In this episode, we uncover the principles behind the Financial Independence, Retire Early (FIRE) movement and delve into savvy strategies for making work optional. From disciplined saving and smart investing to managing lifestyle inflation, accelerate your journey to financial freedom. Tune in to start accumulating enough wealth to live off the returns of your investments and invest your way to FIRE!

EP. 20 | July 10, 2024

Setting yourself up to be a millionaire

Unlock the secrets to wealth-building through smart investments and secure your future with a millionaire mindset. In this episode, explore why the stock market, especially via index funds and employer-sponsored retirement accounts, is an ideal starting point. Discover how to maximize contributions, understand tax benefits, and set up investments correctly. Tune in for actionable steps to set yourself up for financial independence!

EP. 19 | July 3, 2024

Managing Money with Your Partner

Discussing money in relationships can seem crass, but it doesn't have to be. In this episode, dive into essential strategies on starting financial conversations, defining contributions, seeking fairness and equity in money decisions, and different approaches to dividing money with your partner. Tune in for insightful conversations on building wealth, financial confidence, and the importance of transparent money discussions!

EP. 18 | June 26, 2024

Managing Big Expenses

Discover expert strategies for mastering your budget and tackling big expenses without the financial stress! In this episode, we delve into savvy tactics for managing major costs such as weddings, family vacations, and travels. Tune in for practical advice on budget estimation, smart saving methods, effective cost-cutting strategies, and the art of setting firm financial boundaries. Gain the confidence to navigate substantial expenses like a pro!

EP. 17 | June 19, 2024

Credit Card Secrets with the Points & Miles Guru

Unlock the secrets to turning your expenses into valuable travel assets using credit card points! Joining us is Dr. Devon Gimbel, to share wealthy insights on optimizing credit card points. Learn the importance of starting with mid-tier cards, along with best practices for maintaining a healthy credit card portfolio, leveraging referral bonuses, and redeeming points. Tune in for expert advice and practical tips to make the most of your spending!

EP. 16 | June 12, 2024

Mastering career transitions

Tune in as we navigate the intricacies of job transitions and make your next career move a success! From securing essential insurance policies to handling student loans, managing the moving logistics, and other necessary costs, this episode is your comprehensive roadmap. Don't miss our discussion on COBRA vs. marketplace health insurance — a common dilemma during transitions. Set yourself up for success in your career transition journey!

EP. 15 | June 5, 2024

Is buying a home the key to building wealth?

Transform homeownership from a financial burden into a powerful wealth-building tool. Join us as we explore the economic factors that determine whether you're ready to buy a home. From securing an affordable mortgage and analyzing market trends to understanding interest rates and maintaining your home's value, learn how to make your home not just a place to live, but a strategic investment to enhance your family's wealth. Get ready to make confident, wealth-building housing decisions tailored to your life!

EP. 14 | May 29, 2024

Is it better to buy or rent?

Deciding whether to buy or to rent can be complicated, but with a tailored approach, it becomes much smoother. Explore the personal factors to consider for your next housing move—from assessing life stability, managing debt, to readiness to settle, this episode provides valuable insights to make your decision-making process a breeze. Get ready to uncover where you fit on the spectrum of renting versus buying. After all, it's definitely not a one-size-fits-all decision!

EP. 13 | May 22, 2024

Vacation Hacks and Travel Tips

Discover how to unlock luxury travel experiences on a budget. In this episode, join as we delve into the world of vacation hacks, explore the power of credit card points, and insightful tips to elevate your travel adventures without breaking the bank. Here's to crafting a life of wealth minded decisions and luxury travel, all within reach!

EP. 12 | May 15, 2024

Travel More, Travel Better, Travel Often

Maximizing travel is within reach with savvy credit card strategies! In this episode, discover how leveraging credit card points can unlock premium flights and luxurious hotel stays. Tune in as we explore the power of transferable points and practical tips for enhancing your travel experiences!

Joining us is Dr. Devon Gimbel, the credit card points and travel guru in the physician world.

EP. 11 | May 8, 2024

The blueprint you need to get ahead with your money

Your journey to financial freedom starts now! In this episode, we delve into powerful debt management strategies designed to help you navigate challenges with resilience and regain control over your financial future. Discover how to confront your debt head-on and gain the blueprint for managing your money successfully without the burden of guilt, shame, or sacrifice.

EP. 10 | May 1, 2024

401K Dilemmas and what to do when you change jobs

Unlock the secrets of managing 401Ks! In this episode, learn how to handle your 401K during job transitions and uncover expert tips to navigate the nuances of personal finance decision-making. If you're wondering what to do with your account, tune in to discover practical strategies to optimize your retirement savings and craft a prosperous financial future!

EP. 9 | Apr. 24, 2024

Secrets from a CPA that can save you five figures (or more) each year

Managing your taxes doesn't have to be a grim affair. It really can be as exhilarating as finding a twenty-dollar bill in your old scrub pocket. In this episode, Dr. Lisha Taylor and I take listeners on a jovial jaunt through the forest of filing, where deductions grow on trees and tax codes are more tangled than their grandma’s yarn basket.

To help, joining us is Alexis Gallati, a tax sage from Cerebral Tax Advisors. She’s fabulous!

EP. 8 | Apr. 17, 2024

The debt miracle you've been looking for

Debt pay-off can feel daunting, but with the right strategies, it becomes manageable! In this episode, discover the Income-Driven Repayment (IDR) waiver, a game-changing solution for student loan borrowers. Learn how to leverage this waiver for financial advantage and potentially have your student loans forgiven!

EP. 7 | Apr. 10, 2024

Savvy ways to keep more of your hard-earned money

Elevate your financial game and retain more of your hard-earned money with savvy financial choices! In this episode, we explore strategies for lowering taxes, overcoming financial hurdles, and maximizing job income, drawing from our own wealth-building journeys. Tune in now and unlock the keys to optimizing your finances!

EP. 6 | Apr. 3, 2024

One investment account you should consider

Investing can be easy with the right approach!  Each account in your investment portfolio serves a different purpose. In this episode, we discuss the ROTH IRA and how it will serve you and your money today and in the future!

EP. 5 | Mar. 27, 2024

Why your tax bill is so high

Ever found yourself wondering why your tax bill resembles a mountain more than a molehill? Don't fret; Dr. Lisha Taylor and Dr. Brittne Halford are here to arm you with strategies to legally lower that tax bill without resorting to drastic life changes (like suddenly acquiring a spouse or a brood of children just for the tax breaks).

EP. 4 | Mar. 20, 2024

Student loans made simple

If you've ever felt like student loans are this big, scary monster under your bed, you're not alone. I've been there, and so have tons of others. But here's what’s up: I've learned a thing or two about taming that monster, and I've had some real talk about it with my co-host, Dr. Lisha Taylor, in this week’s episode. Let me break it down for you, bestie to bestie.

EP. 3 | Mar. 13, 2024

Your Financial To-Do List 

If you're ready to jazz up your journey to financial freedom in 2024, you've stumbled upon the treasure map. Dr. Lisha Taylor and Dr. Brittne Halford are here to share our secrets!

EP. 2 | Mar. 6, 2024

Money mistakes we made

Wow, did we get into it this time around! We talked all about our money mistakes from last year, and let me tell you, it was quite the ride. From my adventures in South Africa with the fam to Brittne’s ongoing saga with her insurance, we didn't hold back. It's funny how these things happen, right?

EP. 1 | Feb. 28, 2024

Your NEW money best friends!

Hey there! Welcome to the very first episode of Wealth Minded MD with your hosts, Dr. Lisha Taylor and yours truly, Dr. Brittne Halford. We're diving headfirst into our lives, filled with diaper changes, hospital shifts, and, yes, our quests for financial savvy.

PILOT EPISODE | FEB. 17, 2024

New podcast starts in 3, 2, 1 ... 🎉

Dive into the world of finance with a twist on 'Wealth Minded MD,' where we, Dr. Lisha Taylor and Dr. Brittne Halford, your newfound money best friends, guide you through the maze of personal finance with wit, wisdom, and a sprinkle of humor.