MONEYFITMD PODCAST
Financial Wellness , Freedom and Liberation for women physicians.
Discover the keys to financial success with Dr. Latifat on the MoneyfitMD Podcast.
Learn how to master your finances and create a life of wealth and fulfillment.
Perfect for anyone looking to improve their financial literacy, the MoneyfitMD Podcast offers practical guidance on topics like:
- Debt management
- Investing
- Budgeting
- Building net worth
- And much more!
Join Dr. Latifat and a community of like-minded individuals on the path to financial empowerment. Subscribe today and start your journey to a richer, more fulfilling life!
MONEYFITMD PODCAST
Episode 262: Financial Mistakes Physicians Make and How To Avoid Them- with Hugh Baker, CFP
Did you know you could be losing thousands of dollars each year due to common financial mistakes? On this episode of the MoneyfitMD podcast, Dr. Latifat sits down with Certified Financial Planner Hugh Baker to uncover the financial pitfalls that physicians often encounter and provides practical strategies to steer clear of them.
What You Will Learn:
- Why investing for the long-term with index funds is a preferred strategy for young physicians: Hugh debunks the myth of chasing short-term returns and explains why bonds may not be the best investment for those with a longer time horizon.
- How to avoid common tax mistakes that can cost you thousands: Discover why it's crucial to understand the intricacies of tax-advantaged accounts, like backdoor Roth IRAs and SEP IRAs, and learn how to review your tax return for potential errors.
- The key factors to consider when choosing a financial advisor: Hugh provides insights into identifying an advisor who is a good fit for your specific needs, focusing on their ideal client profile, fee structure, and transparency in compensation.
Key Takeaways:
- Don't leave your investment contributions sitting idle in cash accounts. Ensure your money is actively working for you by investing it appropriately.
- Take the time to understand your tax situation and ensure you're taking advantage of available deductions. Simple oversights can lead to significant financial losses.
- You are the CEO of your finances
You’re making six or even seven figures—and still asking, “Where did all my money go?” The problem isn’t your income—it’s that you haven’t learned how to have money left.
The Money Left Over program gives women physicians the tools to uncover 4–5 figures in extra monthly cash and finally let your money start working for you.
👉 Go to moneyfitmd.com/moneyleftover now and find out how.
You’re earning more than ever—but somehow, there’s still nothing left at the end of the month. The problem isn’t your income—it’s your money habits. The Money Left Over program helps women physicians uncover thousands in hidden cash flow and start keeping more of what they earn.
👉 Visit moneyfitmd.com/moneyleftover to learn how.
Join our FREE workshop for women physicians who want to master how to earn more, spend better & grow their money without working more hours ⬇️
https://www.moneyfitmd.com/flp
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Ready to explore the transformative power of sabbaticals?
Download the free Sabbatical Guide at Moneyfitmd.com/Sabbatical and embark on a journey to financial freedom and personal growth. Share the link with your fellow physicians and join the movement to normalize taking pauses for a healthier and more fulfilling life.
If you are a Hardworking, Busy Woman physician who wants to get good at money without wasting more time sifting through the internet. This is for you. https://www.moneyfitmd.com/guide
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