Ep 38. Doc G (part 2) Getting to 5X income as an internist in a competitive market
Release Date: 09/13/2018
Ep 62. Doctors and Social Media -- Dana Corriel, MD
Doctor Money Matters
On this episode we talk about social media with Dana Corriel MD, an internal medicine physician and creator of the SoMeDocs group. She recently left the practice of medicine to help physicians develop their online presence. Her goal is to help empower physicians reach their patients, a broader audience, and develop their brand and yet balance it with responsibilities as professionals, employees, etc. We talked about why she left medicine to pursue this opportunity. Dr. Corriel runs master classes for physicians interested in improving or developing their presence. I am going to be a teacher in...
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Ep 61. Gita Pensa, MD -- Malpractice litigation and its impact on the physician
Doctor Money Matters
Welcome to the Doctor Money Matters Podcast. In this episode we talk with Gita Pensa MD, an emergency medicine physician and fellow podcaster who created an incredible podcast which is a must listen about lawsuits in medicine and the personal impact it had on her. Its a “Serial” type podcast which is extremely well done. I highly recommend it. Note this episode was recorded just prior to the Covid shutdowns in March 2020. Please support our sponsor if you are in the market for disability insurance and especially if you are early in your career for the best rates. In this episode we...
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Ep. 60 -- Student loan basics with Ben White, MD
Doctor Money Matters
Welcome to the Doctor Money Matters Podcast. In this episode we talk about student loans with Ben White, MD a radiologist and blogger who writes about various topics but has written a FREE book about student loans. Note this episode was recorded pre covid so there have been some changes relating to loan deferrals so please check with your loan servicer prior to making any changes. Please support our sponsor if you are in the market for disability insurance and especially if you are early in your career for the best rates. We talk about types of student loans (Federal direct and plus, private,...
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Ep 59. Joel Greenwald, MD CFP -- Withdrawing assets in retirement
Doctor Money Matters
Welcome to the Doctor Money Matters Podcast. It has certainly been an eventful spring between the Covid crisis and the national protests bringing more attention to the unequal treatment of African Americans by law enforcement, and also the financial market volatility. Our guest was Joel Greenwald, MD a physician turned financial planner in Minnesota who has a long term financial planning business managing mostly physicians money called Greenwald wealth management. We talk on this episode about the strategies of withdrawing assets once you retire. How do younger physicians get to the asset...
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Ep. 58 Real Estate Investing with Cory Fawcett, MD
Doctor Money Matters
Welcome to the Doctor Money Matters Podcast. This is a podcast about financial topics related to the healthcare professional. I am your host Dr. Tarang Patel, a diagnostic radiologist in Arizona. Our guest was Cory Fawcett, MD a retired surgeon in Oregon who has written books for medical professionals including The Physicians guide to Real Estate Investing which we talked about on the show. It and his other books are available on Amazon or his own website We talk on this episode about the power of real estate investing. Why Dr. Fawcett favors active real estate investing (ownership) instead...
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Ep 57. Introducing What's Up Docs?
Doctor Money Matters
This is a special episode of the podcast in which I am introducing a new project I am working on with Dr. Disha of the Frugal Physician. We are starting a called What’s Up Docs? to talk about what's trending in physician social media. In this episode we discuss: a proposed residency for nurse practitioners and physician assistants in emergency medicine that had physicians in an uproar, particularly because they were going to be paid more than PGY3 EM residents. This program is not going to happen, but boy did it get everyone talking. This came from a . We talk about the We talk...
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Ep 56. Karen Sibert, MD -- Good luck finding a doctor in 10 years.
Doctor Money Matters
Dr. Karen Sibert, an anesthesiologist in California, wrote an article that went viral last week and this weekend as a response to the repeated attacks on physicians by the media and by economists or other "policy experts". The Washington Post said physicians were behaving like muggers. A Noble prize winning economist called us rent seekers. We discuss why she wrote this article. Why she sees concerning trends about the future physician workforce and areas where things are improving though not perfect yet. If you have not yet read her article. Here is a link to her website
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Ep 55. Ian Ippolito -- How to approach crowdfunded real estate investing
Doctor Money Matters
On this episode we talk with Ian Ippolito who runs a real estate crowd funding website which is a valuable resource for those who are interested in this space. We talk about Ian's approach to real estate investing. Evaluate sponsor first (experience through a full business cycle) Lots of sponsors right now have not gone through a downturn Look at the deal itself Leverage (65% leverage or less) Sponsor has invested also (skin in the game) What is the deal structure (how does sponsor make money)? Locked in long term debt (at low rates) Different types of niches in crowdfunded real...
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Ep 54. Falgun Chokshi, MD --Artificial Intelligence in medicine
Doctor Money Matters
On this episode we talk with Dr. Falgun Chokshi, a radiologist and thought leader in artificial intelligence. We talk about the role of AI in the future of medicine. Will AI replace radiologists? Will there be fewer jobs for physicians in the future? What are the capabilities of AI and where does it fall short? We also talk about why the stakes are so high in medicine vs other fields and why the pace of innovation is slower in patient care. What are the stakes for new and recent grads in medicine? Who is going to be liable for any potential malpractice? ...
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Ep 53. Opportunity Zones -- Dan Gauthier
Doctor Money Matters
On this episode, my guest is Dan Gauthier of the Rose Law Group in Scottsdale, AZ. We are talking about Opportunity Zones. We discuss what they are, how they can be a tax advantage investment. Dan has written about these previously in national media and I thought he would be a great resource to learn more about them. He is not selling anything which is why I wanted him to explain it in an unbiased way. Opportunity Zones are geographic areas designated by the states and approved by the federal government which qualify for specific tax breaks that we discuss on the show. Investments can be...
info_outlineDoc G This is a 2 part episode, so make sure you also listened to episode 37 (part 1) first
How did this internal medicine physician achieve a high net worth ($6M) at a young age? How was he able to 5X his income from the time he started practicing to now as a primary care physician in a large metro area?
Many physicians are resigned to the work, work, work mentality but don’t have a plan to increase their professional income. Investing is great and passive income is fantastic, but why not get paid appropriately for what you trained all these years for? Doc G talks about how he learned to optimize his workflow at all stages in his career and was constantly assessing what brought him income and joy and tried to remove those parts of his practice that didn’t.
While we are constantly learning about medicine via journals, conferences, presentations, etc, how many of you are consistently optimizing your own practice? It’s important because it will bring you greater job satisfaction and decrease burnout. The corporate practices do this but not for your benefit, so its vital that you assess how you practice.
It’s also great to see that primary care physicians can become very successful financially in this era of medicine.
Let’s continue the discussion over at the Doctor Money Matters private FB group (you need to request membership).
You can follow Doc G’s blog at www.diversefi.com where he goes into depth on these topics. You can also follow him on twitter @DocGDiversefi
This is the rockstar finance ranking of the bloggers by net worth. 4 of the top 5 are physicians, but Doc G is one of the younger ones. One of our previous guests is also on there. Dr. Cory Fawcett. (Episode 5 about debt)
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