Intern year is stressful enough
Your student loans don’t need to add to it
With proper planning, you can keep payments low and focus on what matters during residency
Part 1 of an 8 episode series:
They’ve built a $3,000,000+ net worth
They have a low mortgage rate & strong income
So why do they want to pay it down?
Because math isn’t the only variable
From today’s new episode (listen on Apple or Spotify)
The scenario you describe is definitely not a good idea.
First off, Roth conversion planning is best done within the context of one's income, since that dictates how much tax is due (see tax brackets).
But as for paying the tax, the decision also needs to be made after careful cashflow analysis.
S-Corps can save you money in taxes
But the costs can be more than the potential savings
It depends on your income, your state, and the extra fees
Don’t set one up because someone on social media told you to
Run the numbers & make an informed decision
You can't out-save bad tax planning
I’ve seen physicians stockpile cash all year, then get hit with penalties because they didn’t pay quarterly
The IRS doesn’t care that you meant to pay earlier
If you have 1099 or partner income, this matters
From the next episode of Physician Cents:
If you’re not saving 20% of your income, are you behind?
That’s the rule of thumb you’ve probably heard
But that number might not actually fit your life, income, or goals
In today's new episode, Ronnie and I unpack why context matters more than the headlines
Listen on Apple or Spotify
New episode is out
I share two common pitfalls for new attendings and the steps that help you enjoy your new income (without putting future flexibility at risk)
Going from $70k to $300k income is a huge milestone, but the early decisions you make matter more than most realize
Can AI replace a financial advisor?
It can run calculations & projections faster than any human
But financial planning has never been just about the math..
In today's episode, I talk about the value advisors bring and why the best outcomes often come from combining tools with thoughtful guidance
Community property rules are confusing
That does not mean you are doing anything wrong
It just means you need a plan and the right help
If you're married, have student loans, and live in a community property state, you need a student-loan-aware tax accountant
New episode out now:
If you’re in medicine, relocation is not a maybe, it’s a "when"
Med school. Residency. Fellowship. Attending.
Yet it still catches so many people off guard
Today's new episode is all about preparing for relocation and the costs that come with it
Listen on Apple or Spotify
New episode is out
I sat down again with Tyrone Ross to talk about the practicality of Bitcoin and blockchain
We talk about why sending money is still expensive, what “better rails” actually means, and why institutions are paying attention now
Listen on Apple or Spotify
This episode is about momentum
You graduate with big loans.
Your income jumps.
Life expenses stack up fast.
I share a 6-step roadmap for new attendings who want to build stability, invest early, and still enjoy their life along the way
Listen on Apple or Spotify
New episode is out
This one is for residents and fellows who are staring down the “what comes next” question
Academics, private practice, something in between..
No path is perfect and each has its tradeoffs
Listen on Apple or Spotify
If you’ve ever wondered whether you’re saving “enough,” this conversation will help you think about the question with more clarity and less pressure
Some households thrive saving 20%
Others do just fine saving less
From today’s new episode:
Best of luck to you both in your decisions!
You can usually opt to start paying in smaller segments if you wish. But it depends on your carrier and agent.
Who do you use?
You can make a less optimal financial decision and still be making a right one
You just have to understand the tradeoffs
Today's new episode is about two student loan scenarios where the math clearly pointed one way, but the better choice for the family pointed another
Listen on Apple or Spotify
One bad insurance decision can follow you for decades
In this week’s episode I share some thoughts about:
• Which disability insurance companies I trust
• Why some firms push the wrong products
• The GSI window most residents miss
Listen on Apple or Spotify
If you’re starting fellowship this year, today’s new episode is for you
- Emergency funds
- Disability insurance
- Student loan strategy
- Home buying decisions
You want to create a system so managing your money doesn’t feel overwhelming
Listen on Apple or Spotify
Had a great conversation with Tyrone Ross about Bitcoin
No unnecessary hype or fear
Just a clear framework for understanding what it is and where it may fit
If you’ve felt curious but overwhelmed, today's new episode is the right place to start:
A text message that reads: “ You as well! Thank you for replying! It’s odd. He’s from Northwestern mutual, claimed he messaged me on Linkedin but I see no message from him (got another from some one in that group though many months back) Got a call last week insisting for a meeting, then got another phone call today confirming said meeting after I said to please only email me because I’m actively in patient encounters and it’s disruptive. I didn’t answer him for 3 business hours and that warranted a call I suppose? Definitely invasive I thought it was spam honestly”
So creepy, docs.
Being chased down by financial advisors?
Shut it down and seek advice from a real financial planner on your specific decisions when you need it.
Don’t let them try to fit their square peg into your round hole.
A lot of physicians ask:
“Do I actually need life insurance?”
The real question is:
“Who gets hurt financially if I’m gone?”
In today's new episode, Ronnie and I walk through when you need it, what kind, and how much:
Time with family
Less stress about taxes
Confidence your assets are protected
Just a few of the real returns on great financial planning
If you think financial planning is just about investments, you’re missing the big picture
It’s really about:
1) Saving time
2) Reducing taxes
3) Protecting what you’ve built
Today’s new episode breaks down these three pillars of real planning
Totally agree.
It's very gutted.
I still share things over there, but a lot of the people whose perspectives I looked forward to are either just gone or they're here.
I've tried to make a go of it here, but I just don't have the bandwidth.
The weekend twitter threads still get some good conversations going.
If you’re waiting to buy a home until rates drop, you could be waiting awhile
If you’re hoping for lower rates so you can refinance, you could put yourself in a tough spot
A great chat with Matt Graham about mortgages, the Fed, and how to make good decisions no matter the rates:
New episode of A Good Problem to Have is out
This one’s all about cash flow communication
Learning how to manage your spending in a way that keeps you intentional
Whether you're a couple or single, it's important to create the right systems
A few clients this summer asked the same question:
“Can we afford a pool?”
They weren’t short on net worth
They were short on liquidity
And it turned into one of the most interesting planning conversations we’ve had all year
From today's new episode:
