The Grow Your Wealthy Mindset Podcast
Grow your wealth by working on your mindset and up leveling your game. Your thoughts about money have created your current financial net worth. Sadly, there are many physicians who are have earned a good income but have not built wealth. More and more physicians are becoming burned out as our health care system continues to change. Join the movement of physicians embarking on the journey to take matters in our own hands so we can continue to thrive. Tune in each week to learn more on how to grow your wealthy mindset! Imagine your life when you have the financial knowledge to create wealth so you can practice medicine on your own terms. Please subscribe and leave a review on your favorite Podcasting platform. You can learn more about Elisa at her website or follow her on social media. Website: www.GrowYourWealthyMindset.comInstagram https://www.instagram.com/GrowYourWealthyMindsetFacebook https://www.facebook.com/ElisaChianghttps://www.facebook.com/GrowYourWealthyMindsetYouTube: https://www.youtube.com/c/WealthyMindsetMDLinked In: www.linkedin.com/in/elizabeth-chiang-0582a432
Episodes
124 episodes
Episode 123: Financial Freedom through Entrepreneurship with Dr. Una
Dr. Nneka Unachukwu is the founder of EntreMD, a company on a mission to help 100,000 physicians build profitable 7 and 7+ figure businesses so they have the freedom to live life and practice medicine on their terms. She does this through the E...
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Season 3
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Episode 123
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18:46
Episode 122: Withdrawal Methods For Retirement Beyond the 4% Rule
The 4% rule is probably the most talked about method when it comes to how to plan to withdraw from your retirement portfolio. However, when it comes to actually withdrawing from your retirement portfolio, there are a lot more options, and nuanc...
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Season 3
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Episode 122
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18:43
Episode 121: Testing Your Retirement Portfolio with Monte Carlo Simulations
No one wants their retirement portfolio to run out of money before they die. Many retirement calculators use static assumptions, like a constant growth rate or inflation rate. The stock market may have average returns of around 10% per year but...
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Season 3
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Episode 121
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18:09
Episode 120: Free Online Retirement Calculators
The goal of retirement calculators is to help you answer three questions: 1. How much do I need to save and invest for retirement? 2. How much money do I need in my retirement port...
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Season 3
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Episode 120
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20:32
Episode 119: The 4% Rule and How 4% Became the Safe Withdrawal Rate for Retirement
You may have heard that your retirement portfolio should be 25 times your spending or your income for you to retire. This is actually derived from The 4% Rule, which is the commonly held belief that you an safely withdrawal 4% from your retirem...
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Season 3
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Episode 119
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22:56
Episode 118: Retirement is Not an Endless Vacation
Summer vacation is coming to an end. While physicians don’t get summer vacation like students and teacher do, we may think that vacation will come when we retire. While the first few months, or even years, or retirement might feel somewhat like...
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Season 3
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Episode 118
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11:51
Episode 117: Investing vs Paying Down Debt
This episode is really targeting to those physicians who have recently finished training but will be helpful to anyone who is debating between deciding to pay down debt versus investing. There are multiple factors when it comes to figuring out ...
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Season 3
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Episode 117
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20:13
Episode 116: Qualified vs Non-Qualified Dividends and How They Are Taxed
Qualified dividends are taxed at a lower rate, similar to capital gains tax whereas non-qualified dividends are taxed at the ordinary income tax rate. This episode goes into detail what makes a dividend considered qualified to help you make cho...
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Season 3
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Episode 116
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12:57
Episode 115: Capital Gain Taxes
Whenever there is money to be made, Uncle Sam wants his cut. Part of building wealth is learning the rules to legally decrease what you pay to Uncle Sam. In this episode, I talk about Capital Gains Tax, which is the tax on any profit from selli...
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Season 3
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Episode 115
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13:48
Episode 114: How much can you really save by adjusting your thermostat?
With climate change, there have been more heat waves. This lead me to thinking about our use of air conditioning and the cost associated with it. In this episode, I talk about how much energy and money is saved by setting the thermostat to a wa...
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Season 3
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Episode 114
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11:36
Episode 113: Transitioning from Guaranteed Salary to Compensation Based on Productivity
Depending on your job situation, there’s a good chance that at some point, you may switch from a guaranteed salary to being paid based on your productivity. The productivity may be based on Revenue Value Units/RVUs or collections. Many people, ...
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Season 3
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Episode 113
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17:06
Episode 112: The Journey to Financial Independence
Many people tend to think of Financial Independence as a static goal, achieving some magical number in net worth or passive income that means you don’t have to work for money anymore. However, many people will push the goal post once they achie...
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Season 3
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Episode 112
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17:45
Episode 111: Changes In Realtor Commissions with Samantha Chin
You may have heard that the National Association of Relators was sued by a group of homeowners earlier this year and the outcome of the lawsuit was a settlement included a changes to relator compensation. Traditionally, when you sell a piece of...
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Season 3
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Episode 111
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27:28
Episode 110: Are Physician Medical Surveys a Potential Additional Income Stream?
In the quest to build multiple income streams, is doing physician surveys something to consider? In this episode, I discuss my own experience with medical surveys as well as the experience of Dr. Rikki Racela, who wrote a blog article entitled ...
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Season 3
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Episode 110
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22:43
Episode 109: A Look into the US Social Security Program
What do you actually know about the Social Security Program and what kind of benefits you may possibly receive from Social Security? If you are like me, not all that much. You may know that you pay taxes to Social Security and may think it’s un...
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Season 3
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Episode 109
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21:46
Episode 108: Check Your Contract for Three Items When You Start Thinking of Changing Jobs
Employment contracts layout the terms of employment and generally layout the terms for what can cause termination of employment as well as any consequences that result from termination of employment. If you are considering leaving your current ...
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Season 3
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Episode 108
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17:45
Episode 107: High-Cost Medications and the Co-Pay Accumulator Policy with Dr. Celine Lee
If you, any of your family members, friends, or patients are taking a very expensive medication for which a coupon card or program is being used for assistance to pay for the medication, you will want to tune in to learn about the Co-Pay Accumu...
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Season 3
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Episode 107
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44:19
Episode 106: Be the Bank: Investing Through Private Lending and Lending Funds
Private lending offers possible stock like returns over a short term time horizon while being uncorrelated with the activity of the stock market. There is thought to be a higher level of risk compared to investments like CDs or government bonds...
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Season 3
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Episode 106
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22:05
Episode 105: Gift Tax and How to Gift More Than the Annual Exclusion Limit
You may know that there is a limit to monetary gifts you can give to anyone other than your spouse in a calendar year, currently $18,000 in 2024. While $18,000 in gifts is a generous some, what if you want to give more? This often happens with ...
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Season 2
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Episode 105
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10:38
Episode 104: Where to Put Cash and Short Term Investments
When you have a long investing horizon of 5 years or more, there are many options for investments with potentially high returns.What about when you have a shorter time horizon? They may be saving for a downpayment on a house to purchase ...
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Season 2
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Episode 104
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17:27
Episode 103: What to know about 457 plans
Depending on where you work, you may have the ability to invest in a 457 plan. 457 plans are another type of retirement account where money can grow tax free similar to a 401K or 403B but there are some important differences compared to 401Ks a...
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Season 2
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Episode 103
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13:57
Episode 102: Stagnation Inflation Stagflation: What it means and what to do about it
If you've been listening to business or financial news, you may be hearing the term Stagflation. Stagflation is the combination of stagnation and inflation describing a period of low growth with high inflation. There are concerns that we are he...
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Season 2
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Episode 102
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13:38
Episode 101: Choosing Autonomy Over Money with Dr Shanika Esparaz
Shanika Esparaz, MD is a medical retina specialist with board certifications in both ophthalmology and lifestyle medicine. In this episode, we talk about how starting a direct specialty practice and developing that entrepreneurial mindset...
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Season 2
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Episode 101
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32:02
Episode 100: Defining Wealth
Wow, what a milestone! 100 episodes of The Grow Your Wealthy Mindset Podcast! If you have listened to all 100 episodes, you have hopefully learned a lot about personal finances and investing. Learning is a great first step, but you ...
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Season 2
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Episode 100
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10:52
Episode 99: Employer Sponsored Retirement Accounts: 401(k) and 403(b) Plans
Pension plans and defined benefits plans are becoming more scarce and 401(k) and 403(b) and other types of defined contribution plans have become the norm. In this episode, I start with a brief summary of the history behind funding retirement b...
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Season 2
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Episode 99
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25:05