Dr. Disha introduces Tyler Olson, a financial advisor from Olson Consulting, LLC, specializing in helping medical professionals with their financial planning. Tyler discusses his background, the influence of his father's career, and his decision to focus on medical professionals' financial needs. He addresses the unique financial challenges faced by early career physicians, such as managing student debt, investment strategies, and the importance of early financial planning. Tyler also provides insights into the psychological aspects of financial decision-making and offers practical advice for financial literacy and management.
Tyler Olson, founder of Olson Consulting, LLC, is a financial advisor dedicated to aiding medical professionals in navigating their unique financial landscapes. With a background heavily influenced by his father, also a financial planner, Tyler learned the intricacies of financial management from a young age. Initially a generalist in financial planning, he later shifted his focus to specifically cater to the needs of physicians, driven by a desire to bridge the gap between medical education and financial literacy. His firm offers personalized advice, focusing on individual situations and problems, particularly in investment management, student debt, and retirement planning.
Find Tyler on his website: https://www.olsonconsultingmi.com/
[00:04:00] Fee structure and services provided by Tyler Olson
[00:05:00] Tyler's approach to financial advising and education
[00:06:00] The impact of Tyler's father on his career choice
[00:07:00] Financial decisions affecting quality of life
[00:08:00] Case studies and examples in financial advising
[00:09:00] Balancing financial priorities for medical professionals
[00:10:00] Advice for early attending physicians on financial management
[00:11:00] The importance of investing and retirement planning
[00:12:00] Addressing student debt alongside investing
[00:15:00] Discussion on Backdoor Roth and financial prioritization
[00:16:00] The impact of tax brackets on retirement planning
[00:17:00] Balancing major financial decisions and life changes[00:18:00] Perspectives on physician mortgages and loans
[00:19:00] Risks and considerations of zero-down mortgages
[00:20:00] The influence of past financial crises on current advice
[00:21:00] Real-life scenarios and decisions in home buying
[00:22:00] Sticking to financial plans during uncertain times
[00:23:00] The challenge of predicting financial markets
[00:24:00] Financial literacy for medical students and trainees
[00:25:00] Free financial education resources offered by Tyler Olson
[00:26:00] Recommended financial books and expert resource
[00:27:00] Tips for enhancing quality of life through financial decisions
[00:28:00] The value of writing down financial goals and plans
[00:29:00] The role of money as a tool for achieving life goals
[00:30:00] Conclusion and future plans of Tyler Olson
This episode is sponsored by PearsonRavitz– helping physicians safeguard their most valuable assets.
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Please note: The content shared on the podcast is for informational purposes only and should not be considered individualized financial advice. It is essential to consult with professionals such as accountants, financial advisors, or attorneys to receive personalized guidance based on your specific needs.
