Shows
The Grow Your Wealthy Mindset PodcastEpisode 180: Sunk Costs, Opportunity Costs, and Thinking in Terms of Expected ValueHave you ever kept going with something—even when you knew it wasn’t worth it—just because you’d already invested so much time, money, or effort? That’s the sunk cost fallacy at work.In this episode of The Grow Your Wealthy Mindset, Dr. Elizabeth Chiang explores how sunk costs, opportunity costs, and expected value shape our financial and life decisions. Drawing insights from Annie Duke’s Quit: The Power of Knowing When to Walk Away, you’ll learn how to make more rational choices—whether it’s deciding to attend a rainy concert, stick wit...
2025-11-0514 minThe Grow Your Wealthy Mindset PodcastEpisode 169: “I Love You” Insurance: Protecting Your Loved Ones with Term LifeLife insurance isn’t something we buy for ourselves—it’s an act of love and protection for those who depend on us. This episode answers a listener’s question: How much life insurance is recommended?This episode dives deeper into how to determine the right amount of coverage based on your personal circumstances—whether you’re single, married, or raising a family. Dr. Elisa Chiang shares real-world examples and walks through different strategies for determining how much term life insurance a physician should consider, including: ✅ The difference between term and permanent life insurance
2025-08-2018 minThe Grow Your Wealthy Mindset PodcastEpisode 165: How the One Big Beautiful Bill Act Affects PhysiciansIn this timely episode, Dr. Elisa Chiang breaks down the One Big Beautiful Bill Act, signed into law on July 4, 2025, and what it means for physicians. With over 800 pages of legislation, this sweeping law has far-reaching implications for taxes, healthcare funding, student loans, and energy incentives. Dr. Chiang highlights the key takeaways—both positive and negative—for physicians, medical students, practice owners, and anyone working in healthcare.What You'll Learn:How the bill permanently lowers marginal tax rates and benefits high-earning physiciansWhat the new 100% bonus depreciation rules mean for real estate investors and practice ownersHow the $50 bill...
2025-07-2310 min
The Grow Your Wealthy Mindset PodcastEpisode 134: Overcoming Money Scarcity With Income Fluctuation with Dr Amy VertreesAmy Vertrees, MD is a board-certified general surgeon, Army veteran, certified coach, author and founder of the BOSS Business of Surgery Series. She served 17 years in the Army, reaching the rank of lieutenant colonel, and deploying 3 times to Afghanistan and Iraq as a general surgeon. After leaving the military, she was an employed surgeon then created Columbia Surgical Partners, a private practice general surgery group. She discovered there were lessons that she was never taught in residency that were necessary for a successful surgical career. She created the BOSS Business of Surgery Series to fill in that gap and...
2024-12-1842 minThe Grow Your Wealthy Mindset PodcastEpisode 133: What To Do With Your Retirement Accounts When You Leave a JobMost physicians will change where they work at least once during their career. Some estimates are as high as 70% of physicians leaving their first job within 2 years. If you have been at a job for a while, hopefully you have an employer sponsored retirement account like a 401(K) or 403(b). Your may also have a 457 plan. This episode discusses the options for what to do with these accounts when you leave your job. Please subscribe and leave a review on your favorite Podcasting platform. If you want to start your path to financial freedom, start wit...
2024-12-1118 minThe Grow Your Wealthy Mindset PodcastEpisode 132: End of the year tax tips that you must complete by Dec 31 While filing taxes may still feel like a long time away, December is the time to strategize what you can do before the end of the year to decrease your tax burden. In this episode, I review actions you may want to consider to decrease your tax bill. Maxing out your employee contributions to your employer sponsored retirement accounts, your 401K or 403BDonate to 501(c)(3) charities if you itemize your tax deductionsPutting your family to work in your business if you have a profitable business. This could be your pri...
2024-12-0409 minThe Grow Your Wealthy Mindset PodcastEpisode 131: Escaping the Hedonic TreadmillHedonic adaptation is the tendency to return to a relatively stable level of happiness. Good things happen and we may be happy but over time, we return to our baseline of happiness. Bad things happen and we may be upset, sad, or angry but over time, we return to our baseline of happiness. If that’s the case, are we stuck where we are? In this episode, I talk about Hedonic Treadmill, it’s similarities and differences from habituation, and some things we can do to actually shift out baseline level of happiness. Please subscri...
2024-11-2715 minThe Grow Your Wealthy Mindset PodcastEpisode 105: Gift Tax and How to Gift More Than the Annual Exclusion LimitYou 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 people who want to help their adult children, whether it’s to help them buy a home, chip in for a wedding, or any other reason. It can also happen when people are supporting their parents, sibling, or another family member. This episode talks about how the $18,000 limit is not actually and issue and how yo...
2024-05-2910 minThe Grow Your Wealthy Mindset PodcastEpisode 91: Choosing Between Traditional or Roth Retirement AccountsMore employers are offering the choice between a Traditional 401K or 403B and a Roth 401K or 403B. How do you choose which one is best for you? Unlike with the choice for which IRA to use (the backdoor Roth IRA is the clear winner for physicians), deciding between for 401Ks or 403Bs involve more thought. The hardest part of making the decision is predicting your marginal tax rate when you are withdrawing from your retirement account. Tune in to this week’s episode to learn more. If you would like to see historical tax rates at diff...
2024-02-2118 minThe Grow Your Wealthy Mindset PodcastEpisode 90: Optimizing Your BankingOur society is increasingly become cashless and most of use rarely use actual money. We have money electronically transferred in and out of our bank accounts. So what does this mean for banking and how can you optimize your banking? Tune in to learn more. If you have ever thought of being an entrepreneur, then you definitely want to attend the Leverage and Growth Summit from February 26 to March 1, 2024. Registration is now open and free! The VIP All-Access pass is $97 thru February 25, 2024. it goes up to $197 during the conference and $297 after the conference ends....
2024-02-1419 minThe Grow Your Wealthy Mindset PodcastEpisode 89: The Rise of Capital Calls in Real Estate Syndication InvestmentsIf you invest in real estate syndications, you may have gotten notice about a capital call. Capital calls for real estate syndications have been on the rise in the last year. This week’s episode discusses possible causes for the increase in capital calls. Registration is now open for the Leverage and Growth Summit, which will be February 26 to March 1, 2024. VIP All-Access pass is $97 thru February 25, 2024. it goes up to $197 during the conference and $297 after the conference ends. Please consider registering with my affiliate link, https://passiveincomemd.com/LGS2024-Elisa-Chang . If you do buy a VIP p...
2024-02-0714 min
The Grow Your Wealthy Mindset PodcastEpisode 88: Shifting from Scarcity to Abundance with Dr. Liz AguirreDr. Liz Aguirre is a remarkable women. She grew up in poverty without reliable access to food or shelter and is now a mom, wife, and a physician with passion for person-centered health. We talk about how she grew her wealthy mindset and how coaching has assisted that journey. I am so lucky to have great clients like Dr. Liz. You can find Liz Aguire at:https://www.lizaguirremd.com/https://www.facebook.com/DrLizAguirreWatch Liz’s TEDx Talks: End Professional Burnout: Become More Energized and Less Stressed https://youtu...
2024-01-3142 minThe Grow Your Wealthy Mindset PodcastEpisode 87: New Filing Requirement for All Corporations and LLCsThe Corporate Transparency Act, which was passed as part of the National Defense Authorization Act for Fiscal Year 2021, introduced new reporting requirements for businesses in the United States, specifically focusing on beneficial ownership. This episode details who needs to file a Beneficial Owner Information Report, what information is collected, as well as how to file. I go into detail who is considered a beneficial owner as described by FinCEN. Penalties for not filing as well as how the information will be stored and who it will be shared with is also discussed. If you have an...
2024-01-2420 minThe Grow Your Wealthy Mindset PodcastEpisode 86: Setting Goals and Getting to AntarcticaMany people set goals or New Year resolutions around this time for the year ahead, and then never look at those goals again. In this episode, I talk about my thoughts and approach to goal setting as well as some goals I set over a decade ago that I recently accomplished. Please subscribe and leave a review on your favorite Podcasting platform. If you want to start your path to financial freedom, start with the Financial Freedom Workbook. Download your free copy today at https://www.GrowYourWealthyMindset.com/fiworkbook You...
2024-01-1723 minThe Grow Your Wealthy Mindset PodcastEpisode 85: A Practical Guide to Treasury InvestmentsTreasuries are considered one of the safest investments out there as they are backed by the full faith and credit of the US government. They can be directly purchased at TreasuryDirect.gov as well as bought and sold on the secondary market. Yet Treasuries are often overlooked by the individual investor compared to CDs (certificate of deposits). This episode discusses the three main types of Treasuries, T-bonds, T-bills, and T-notes. Elisa will be speaking at WCICON24 in Orlando, Florida, on the subject of bonds. If you are attending the conference, please come and say hello!
2024-01-1015 min
The Grow Your Wealthy Mindset PodcastEpisode 84: The Life Planning Approach to a Wealthy Life with Dr. Weili GrayA lot of physicians, including Elisa, love to travel. Dr. Weili (pronunced "Way Lee") Gray, host of the Dare to Dream Physician Travel Podcast talks about her journey from burnout to life planning to traveling around the world while still enjoying working as a physician. A pivoting point in Weili’s life was when she volunteered at a conference for financial advisors for a life planning session.In this episode, Weili mentions the three questions of life planning. Elisa made a YouTube video on the three questions of life planning which you can find on her...
2024-01-0343 minThe Grow Your Wealthy Mindset PodcastEpisode 83: Strategies for Building a Strong Credit Score Depending on background and circumstances, building a strong credit score may have come naturally or more be more difficult. It can certainly be more difficult to those who come to the United States, especially from countries that don’t use a lot of credit. In this episode, I discuss what goes into determining credit scores and how anyone can build up their credit score. Please subscribe and leave a review on your favorite Podcasting platform. If you want to start your path to financial freedom, start with the Financial Freedom Workbook. Download your free copy today...
2023-12-2718 minThe Grow Your Wealthy Mindset PodcastEpisode 82: Getting out of Credit Card or Consumer DebtDuring this time of year, there are some people who do a lot of spending. While physicians tend to be considered good credit risks, there are some physicians who find themselves with credit card or consumer debt. While student loan debt doesn’t generally carry a feeling of shame, credit card debt can which means it may not be talked about. This episode is for anyone who has found themselves with credit card debt that they are unable to pay off. Please subscribe and leave a review on your favorite Podcasting platform. If y...
2023-12-2015 minThe Grow Your Wealthy Mindset PodcastEpisode 81: Gift Giving and Spending with Elisa and husband NathanI tend to space out episodes with guests but this week, I’m breaking that trend. This episode was created spontaneously after Nathan and I started having a conversation that seemed like it would be relevant for the podcast. We’ve been married for 23 years, and together for 26 years so it’s a lot of time to reflect on. I’m really curious to get your feedback on this episode. Did you enjoy it? Would you like more episodes like this one? If so, what topics would you want for us to discuss?Please subscribe and leave...
2023-12-1339 min
The Grow Your Wealthy Mindset PodcastEpisode 80: Growing a $330M Mindset with Dr. Elaine StagebergElaine Stageberg, MD is a trained psychiatrist, who alongside her husband Nick, built a real estate empire valued at over $330M. Elaine and Nick founded Black Swan Real Estate where they started with single family homes and have since expanded to much larger projects. None of this was handed down to them by their families. Tune in to learn more about how Elaine grew her wealthy mindset, from being emancipated at age 16 to where she is today. You can learn more about Black Swan Real Estate at http://meetblackswan.com/Please subscribe and le...
2023-12-0640 minThe Grow Your Wealthy Mindset PodcastEpisode 79: Demystifying Hedge Funds and How They Differ From Mutual FundsYou’ve probably heard about hedge funds but you probably don’t know much about them. Honestly, I don’t know a whole lot about them either, I’ve never invested in a hedge fund personally. In the recent episode on diversification, I talked about a study by JP Morgan that came out this year showing that adding alternative investments to a traditional stock and bond portfolio increased returns while decreasing volatility. The alternative investing strategies they used in the study consisted of real estate, private equity, and hedge funds. I do invest in real estate and private equity so I tho...
2023-11-2914 minThe Grow Your Wealthy Mindset PodcastEpisode 78 : Automating Your FinancesMost people don’t look forward to spending time paying bills, tracking spending, or reviewing their personal finances. While some people enjoy the investing part, I would say even those people have something else they would prefer doing, meeting up with friends for dinner, watching a good movie, reading a good book, etc.Setting up systems and automating your finances can decrease the time you spend on personal finance and investing as well as potentially get you to your goal more easily. Tune in to learn more! Please subscribe and leave a review on...
2023-11-2211 minThe Grow Your Wealthy Mindset PodcastEpisode 77: Is now the right time to invest in real esate?This question gets asked a lot. People generally lament that it’s too late to invest in real estate, that they missed the good opportunity X number of years ago. The funny thing is that people continue to say that, and yet most people wish they actually got started when they first started thinking of it, except maybe if they started thinking of it in 2006 or 2007. The truth is, the real estate market is an inefficient market. At any given time period, there are deals to be found and money to be made. Sometimes there are more dea...
2023-11-1514 minThe Grow Your Wealthy Mindset PodcastEpisode 76: Diversifying Your Investment PortfolioWhen it comes to investing, diversification is the key to increasing returns while reducing risks. Tune in to learn more about diversification, including diversifying beyond the traditional assets of stocks and bonds. You can find the report discussed in this podcast episode at https://am.jpmorgan.com/content/dam/jpm-am-aem/americas/us/en/insights/portfolio-insights/know-your-alternatives.pdf Please subscribe and leave a review on your favorite Podcasting platform. If you want to start your path to financial freedom, start with the Financial Freedom Workbook. Download your free copy today at htt...
2023-11-0814 minThe Grow Your Wealthy Mindset PodcastEpisode 75: Dare to Dream Abundance is Not a NumberTwo years ago, I was a guest on the Dare to Dream Podcast hosted by Dr. Weili Gray. Dr. Weili is a gifted interviewer and I love the conversation which become three podcast episodes. This is the second of a three-part series bringing you the episodes from the Dare to Dream Podcast. In this episode, we continue our conversation about money and how to have an abundant mindset towards money. Dare to Dream Physician Resources:Dare to Dream Physician, Life Planning for Physicians https://daretodreamphysician.comDare to Dream Physician on F...
2023-11-0133 minThe Grow Your Wealthy Mindset PodcastEpisode 74: Dare to Dream Grow Your Wealthy MindsetTwo years ago, I was a guest on the Dare to Dream Podcast hosted by Dr. Weili Gray. Dr. Weili is a gifted interviewer and I love the conversation which become three podcast episodes. This is the second of a three-part series bringing you the episodes from the Dare to Dream Podcast. In this episode, we talk about the subject of money including how even talking about money is thought of as taboo. Dare to Dream Physician Resources:Dare to Dream Physician, Life Planning for Physicians https://daretodreamphysician.comDare to Dr...
2023-10-2525 minThe Grow Your Wealthy Mindset PodcastEpisode 73: Dare to Dream Change Your Mind Before Changing Your JobTwo years ago, I was a guest on the Dare to Dream Podcast hosted by Dr. Weili Gray. Dr. Weili is a gifted interviewer and I love the conversation which become three podcast episodes. This is the first of a three-part series bringing you the episodes from the Dare to Dream Podcast. In this episode, we talk about how I first came into coaching and how coaching allowed me to change my mindset about the job I was at before making decisions of how I wanted to move my life forward. Dare to Dream Physician Resources:...
2023-10-1828 min
The Grow Your Wealthy Mindset PodcastEpisode 72: Financial Freedom with One Door with Dr. Kristi KleeDr. Kristi Klee is a physician and a mom of four who set a goal to get to financial freedom in as few door as possible so that she could practice medicine, raise her kids, and live life on her own terms. She was able to reach the goal of financial freedom with one short term rental. Her second short term rental replaced her clinical income. Tune in to listen to how she made reached her goal and how she now helps others reach their goals through investing in short term rentals. You can learn more about Kr...
2023-10-1136 minThe Grow Your Wealthy Mindset PodcastEpisode 71: What Can Physicians Learn from The Millionaire Next Door "The Millionaire Next Door" by Thomas J. Stanley and William D. Danko is a book that examines the habits and characteristics of wealthy individuals in the United States. The authors conducted extensive research and surveys to identify common traits among millionaires and prodigious accumulators of wealth (PAWs). The book challenges common stereotypes about millionaires and suggests that many of them live modest lifestyles, are frugal, and avoid conspicuous consumption. It introduces the concept of "UAWs" (Under Accumulators of Wealth) who have high incomes but fail to accumulate significant wealth due to overspending and poor financial habits. What ca...
2023-10-0416 minThe Grow Your Wealthy Mindset PodcastEpisode 70: Feeling Insecure Around MoneyDo you tend to worry about money?Do you feel insecure when it comes to money?Tune in to learn how to address those worries and insecurity. Please subscribe and leave a review on your favorite Podcasting platform. If you want to start your path to financial freedom, start with the Financial Freedom Workbook. Download your free copy today at https://www.GrowYourWealthyMindset.com/fiworkbook You can learn more about Elisa at her website or follow her on social media.Website: https://ww.GrowYourWealthyMindset.comInstagram https://www...
2023-09-2713 minThe Grow Your Wealthy Mindset PodcastEpisode 69: The Basics of Estate PlanningThis episode gives an overview to Estate Planning. Tune in to hear about:WillsTrustsHealth Care ProxyDurable Power of AttorneyEstate taxInheritance taxPlease subscribe and leave a review on your favorite Podcasting platform. If you want to start your path to financial freedom, start with the Financial Freedom Workbook. Download your free copy today at https://www.GrowYourWealthyMindset.com/fiworkbook You can learn more about Elisa at her website or follow her on social media.Website: https://ww.GrowYourWealthyMindset.com
2023-09-2013 minThe Grow Your Wealthy Mindset PodcastEpisode 68: Increasing Your Physician IncomeIf you could increase your physician income without working more hours or seeing more patients, or otherwise adding more day-to-day hassle, that’s something you’d probably say yes too. More money and more income is a “preferred neutral” meaning all else being equal, its better to have more money or more income. What can you do to increase your physician income? You’ll want to check out this episode to find out!Please subscribe and leave a review on your favorite Podcasting platform. If you want to start your path to financial freedom, start...
2023-09-1317 minThe Grow Your Wealthy Mindset PodcastEpisode 67: Marriage is a Financial Decision, But Divorce Shouldn’t BeIn Western Culture, we typically think that marriage is for love. The truth is, whom you choose to marry is one of the biggest financial decisions you will make. Before tying the knot, consider really discussing your thoughts about money with your future spouse. If you’re already married, it’s not too late to open up that conversation. When it comes to divorce and the splitting of assets, divorce seems like it’s a decision that is partially based on finances. Tune in to hear why I think finances should play less of a role on decidin...
2023-09-0610 minThe Grow Your Wealthy Mindset PodcastEpisode 66: An Examination on the Culture of TippingHave you ever wondered about the origins of tipping and how the culture of tipping evolved? If so, this episode is for you. I’ve personally never been a fan of tipping. From trying to figure out what is a good tip, to making sure to have small bills (and sometimes large ones) and then having to keep cash on hand, there’s a lot to think about around tipping. The only time I have enjoyed tipping is when giving something to someone who didn’t expect anything at all, and saw it as a blessing to receive it. In thi...
2023-08-3016 min
The Grow Your Wealthy Mindset PodcastEpisode 65: Location Freedom with Dr. Kristine GoinsDr. Kristine Goins is a board-certified integrative adult & pediatric psychiatrist, physician coach and world traveler. Prior to pursuing a lifestyle of freedom and adventure by becoming a digital nomad, Dr. Goins graduated from Rutgers-Robert Wood Johnson Medical School, completed her adult psychiatry residency at Emory University and her child & adolescent psychiatry fellowship at Yale. Passionate about approaches to healing outside of conventional practice, she also completed an integrative medicine fellowship at The Andrew Weil Center for Integrative Medicine. Having served in several healthcare settings and various leadership positions within academic centers, Dr. Goins has witnessed firsthand the impact that...
2023-08-2331 minThe Grow Your Wealthy Mindset PodcastEpisode 64: Tax Lost HarvestingTax lost harvesting is an investment strategy that involves selling an asset at a loss to offset gains in other areas of your portfolio to decrease the amount of tax paid. Tune in to learn more about how to use the Tax Lost Harvesting to decrease taxes. I want to hear about your money wins! No matter how big or small! Celebrating wins is a way to keep moving forward and we often overlook our small wins. Email your wins to GrowYourWealthyMindset at gmail.com to be entered in a drawing for a $100 Amazon Gift Card! Please u...
2023-08-1610 minThe Grow Your Wealthy Mindset PodcastEpisode 63: Being Cheap vs Being FrugalThis podcast came at the suggestion of someone who asked for a podcast to know when she is having a scarcity mindset or is being frugal. I discuss a scarcity mindset around money, which can lead to being cheap and then talk about being cheap vs. being frugal. I want to hear about your money wins! No matter how big or small! Celebrating wins is a way to keep moving forward and we often overlook our small wins. Email your wins to GrowYourWealthyMindset at gmail.com to be entered in a drawing for a $100 Amazon Gift Card! Pl...
2023-08-0913 minThe Grow Your Wealthy Mindset PodcastEpisode 62: Childhood Memories Shaping My Money MindsetI’ve been thinking a long time on how to make an episode on talking to children about money. Since I don’t have any kids, I stay away from giving parental advice. Instead, I thought I’d talk about my memories from experiences from when I was a kid and the impact it has had on me today. I want to hear about your money wins! No matter how big or small! Celebrating wins is a way to keep moving forward and we often overlook our small wins. Email your wins to GrowYourWealthyMindset at gmail.com to be e...
2023-08-0225 minThe Grow Your Wealthy Mindset PodcastEpisode 61: The Myth of a Safe InvestmentThere is no truly safe investment. Investments are all about waying risks vs returns. Keeping money in a FDIC insured savings account may seem safe, if you consider slowly losing money over time as being safe. Tune in to hear more about what to consider when choosing your investments. I want to hear about your money wins! No matter how big or small! Celebrating wins is a way to keep moving forward and we often overlook our small wins. Email your wins to GrowYourWealthyMindset at gmail.com to be entered in a drawing for a $100 A...
2023-07-2613 min
The Grow Your Wealthy Mindset PodcastEpisode 60: Redefining Success with Dr. Johanna Moore Join in on the conversation between myself and Dr Johanna Moore on redefining success. Johanna is a mom of twins, Harvard trained physician scientist, life and business coach, the founder of She is Money, and podcast host for the Your Version of Success Podcast. Her membership, the So Money Society, is the place where successful women create more time, money and energy to enjoy the lives they’ve worked so hard to achieve. In the Society, ambitious women gain clarity on what they really want, and get coached on the financial and life goals they achieve in alig...
2023-07-1936 minThe Grow Your Wealthy Mindset PodcastEpisode 59: Deferring Paying Taxes with 1031 Exchanges1031 Exchanges, also known as Like-Kind Exchanges, allows you to continue to defer paying taxes with real estate investing. There are a lot of rules involved in doing a 1031 Exchange but if done correctly, you could defer taxes on real estate investments until you die, and allow your heirs to inherit real estate with a step up in basis so that those taxes are never paid. It is yet another reason why real estate is a powerful tool to build generational wealth. Please subscribe and leave a review on your favorite Podcasting platform. If you want to...
2023-07-1213 minThe Grow Your Wealthy Mindset PodcastEpisode 58: Advantages and Disadvantages of Real Estate InvestingReal Estate Investing is a poplar way to diversify from traditional stock and bond investing. Some people are so pro real estate investing, that it makes up the vast majority, if not all, of their portfolio. Like any investment, there are advantages and disadvantages. In this episode, I go more into what those are for real estate investing. Please subscribe and leave a review on your favorite Podcasting platform. If you want to start your path to financial freedom, start with the Financial Freedom Workbook. Download your free copy today at https://www.GrowYourWealthyMindset.com/fiw...
2023-07-0523 minThe Grow Your Wealthy Mindset PodcastEpisode 57: What I learned from author Elizabeth GilbertI had the privilege of meeting Elizabeth Gilbert, who is best known as the author of Eat, Pray, Love. She has another wonderful book called Big Magic. In preparation for meeting Liz Gilbert, I also read (well, listened to the audio books) her novels, City of Girls and The Signature of All Things. She led a workshop with around 60 women physicians. This episode reflects some of what I learned that day. Please subscribe and leave a review on your favorite Podcasting platform. If you want to start your path to financial freed...
2023-06-2817 minThe Grow Your Wealthy Mindset PodcastEpisode 56: Creating Your Spending PlanPlease subscribe and leave a review on your favorite Podcasting platform. If you want to start your path to financial freedom, start with the Financial Freedom Workbook. Download your free copy today at https://www.GrowYourWealthyMindset.com/fiworkbook You can learn more about Elisa at her website or follow her on social media.Website: https://ww.GrowYourWealthyMindset.comInstagram https://www.instagram.com/GrowYourWealthyMindsetFacebook https://www.facebook.com/ElisaChianghttps://www.facebook.com/GrowYourWealthyMindsetYouTube: https://www.youtube.com/c/WealthyMindsetMDL...
2023-06-2116 min
The Grow Your Wealthy Mindset PodcastEpisode 55: Investing in your Private Practice with Dr. Sarah NeitzelOn this week’s episode, I have guest Dr. Sarah Neitzel who is a podiatrist that runs her own practice as well as a medspa. We talk about investing in your own clinical practice, the questions Sarah asks before she makes a purchase and how she determines if it’s a smart investment. You can find Dr. Sarah Neitzel on Instagram @Dr.SarahWebsite is Www.visionarypracticesolutions.com Email: drsarahvps@gmail.com Do you love to travel? If you do, check out my new course and coaching program, Travel P...
2023-06-1434 minThe Grow Your Wealthy Mindset PodcastEpisode 54: Shifting Between the Employee Mindset to the Entrepreneurial MindsetPhysicians are no strangers to being entrepreneurs. Many physicians have started their own private practices, or purchased a private practice and made it their own. Other physicians have started other businesses, some related to clinical medicine while others have nothing to do with medicine. In recent years, there has been more physicians who are abandoning entrepreneurship to work for somebody else. While there are some employed doctors who may have an income of $1M, entrepreneurship is the way to create income of multiple millions. Today’s episode talks about the Employee Mindset vs. the Entrepreneurial Mindset. Please subsc...
2023-06-0712 minThe Grow Your Wealthy Mindset PodcastEpisode 53: Benefits of 529 Plans for Educational ExpensesThe cost of tutition for higher education has risen significantly in the past few decades, well above that rate of inflation. 529 plans are sponsored by states, state agencies, or educational institutions and are a way to help people save and invest for future educational expenses. Different plans give different benefits, depending on the plan and the state you live in. This podcast looks at the basics of 529 plans. Of the many websites I looked at, I found https://www.savingforcollege.com/ to be a helpful website. It is owned by VentureKite, which appears to be a private f...
2023-05-3112 min
The Grow Your Wealthy Mindset PodcastEpisode 52: Land Investing with Dr. Mamta KumarDr. Mamta Kumar is Integrative medicine physician turned Land Investor for the last 3 years. In this episode, we talk about what got her started with land investing, what’s involved, and how she’s grown it into a full real estate business. She helps educate other physicians on land investing her Facebook group "Financial freedom with land investing for physicians with land investing" and has a 12 week group program for physicians on Land Investing. Please subscribe and leave a review on your favorite Podcasting platform. If you want to start your path to financi...
2023-05-2430 minThe Grow Your Wealthy Mindset PodcastEpisode 51: Financial Terms with InvestingJust like the world of medicine has its own language, the world of finance and investing also has its own language. This is why when you first starting developing your financial literacy, everything seems complicated. By learning the meaning of different terms, everything starts to make more sense. In this episode, I go over various financial terms you’ll encounter when you look at different investments. If you want to start your path to financial freedom, start with the Financial Freedom Workbook. Download your free copy today at https://www.GrowYourWealthyMindset.com/fiworkbookPle...
2023-05-1715 minThe Grow Your Wealthy Mindset PodcastEpisode 50: Building Wealth By Acquiring AssetsWow, we're up to episode 50! Thank you to all the listners who have shared the podcast and listen regularly. For this 50th episode, I thought I would get back to basics and talking about the fundamentals of building wealth, which is acquiring assets. If you haven't left a review, I would really appreciate if you would write one today! If you want to start your path to financial freedom, start with the Financial Freedom Workbook. Download your free copy today at https://www.GrowYourWealthyMindset.com/fiworkbookYou can learn more about E...
2023-05-1009 min
The Grow Your Wealthy Mindset PodcastEpisode 49: Mindset with Dr. Karen LeitnerThis week, listen in on a conversation that Karen Leitner and I had on what mindset really means and how it influences our lives. It’s a candid conversation between two coaches with a focus on money mindset and topics like negotiation, the gender wage gap, and reframing failure. Karen Leitner is a primary care physician and an experienced life coach. She helps women physicians feel better and happier in their lives by empowering them to overcome work-life overwhelm, imposter syndrome, parenting challenges, and all the other joykills so common to women physicians (and so rarely talked abou...
2023-05-0353 minThe Grow Your Wealthy Mindset PodcastEpisode 48: Money Considerations With Buying Your HomeBuying a home, or a primary residence, has long been part of the American Dream. As physicians, we often move a lot for our training and some of us look forward to the day were we can buy that big, beautiful house to call home. When is it actually smart to buy that house and how do we know how much to spend on it? Tune in to this week’s episode to find out! Please subscribe and leave a review on your favorite Podcasting platform. If you want to start your pat...
2023-04-2615 min
The Grow Your Wealthy Mindset PodcastEpisode 47: Done with Broke with Guest Dr. Latifait AkintadeDr Latifat is a Gastroenterologist and founder of The Money Coaching School for Badass Women Physicians. She is also the host of The MoneyFitMD podcast. She combines her interest in personal finance, her training as a certified life coach, and her passion for physician wellness. She believes every physician can create their own wealthy life. Her mission is to equip every physician with the tools they need to be financially liberated to live well, fully, and without burning out. She is the author of, “Done With Broke: A Woman Physicians Guide to More Money and Less Hustle” available for purc...
2023-04-1928 minThe Grow Your Wealthy Mindset PodcastEpisode 46: Accredited Investor and Other Investor ClassificationsIn this episode, I discussed what is an Accredited Investor and what opportunities are available to people who qualified ans an Accredited Investor. I also dicussed Qualified Client and Qualified Purchaser. Welcome to the world of expanded investment opportunities! Please subscribe and leave a review on your favorite Podcasting platform. If you want to start your path to financial freedom, start with the Financial Freedom Workbook. Download your free copy today at https://www.GrowYourWealthyMindset.com/fiworkbookYou can learn more about Elisa at her website or follow her on social me...
2023-04-1315 minThe Grow Your Wealthy Mindset PodcastEpisode 45: Burnout vs. Moral InjuryBurnout has been reported to affect 40-60+% of US physicians. Last year, 10% of physicians left the practice of medicine, a number far higher than what would be expected for “normal retirement.” Burnout is likely one of the causes for physicians leaving medicine, making it a threat to building our wealth. (unless they left after having built their wealth but I suspect many were not at that point) Talbot and Dean argued that physicians aren’t burning out, they are facing moral injury. In this episode, I talk about the terms of burnout and moral injury, the histor...
2023-04-0520 min
The Grow Your Wealthy Mindset PodcastEpisode 44: Medicine, Marriage and Money with Dr. Kate MangonaThis week, we have the amazing Kate Mangona, MD as a guest on the podcast. Kate is a pediatric radiologist as well as a Marriage coach. Tune in to our conversation on money and marriage. You can find more about Kate at:Website: https://www.medicinemarriageandmoney.com/Podcast: https://podcasts.apple.com/us/podcast/medicine-marriage-money-with-dr-kate-mangona/id1526737149Facebook: https://www.facebook.com/katemangonamdIf you want to start your path to financial freedom, start with the Financial Freedom Workbook. Download your free copy today at https://www.GrowYourWealthyMindset.com/fiworkbook
2023-03-2937 minThe Grow Your Wealthy Mindset PodcastEpisode 43: What Happened with Silicon Valley BankWhat caused the 16th largest bank in the United States to collapse in March 2023 and what does this mean about the US banking system? And what does it mean for you? Listen to find out!Please subscribe and leave a review on your favorite Podcasting platform. If you want to start your path to financial freedom, start with the Financial Freedom Workbook. Download your free copy today at https://www.GrowYourWealthyMindset.com/fiworkbookYou can learn more about Elisa at her website or follow her on social media.Website: h...
2023-03-2215 minThe Grow Your Wealthy Mindset PodcastEpisode 42: Make Your Thrive ListI recently returned from WCICON23, short for the White Coat Investor Conference, where I gave a talk on Transforming from Burning Out to Burning Brightly This podcast highlights points from the Keynote given by Stacy Taniguchi, PhD titled Choose to Thrive. I go over points made in the talk, though I left out the wonderful stories Stacy shared. If you want to hear the original talk, you can purchase access through The White Coat Investor. Please subscribe and leave a review on your favorite Podcasting platform. If you want to start your path...
2023-03-1524 minThe Grow Your Wealthy Mindset PodcastEpisode 41: What's Really Stopping You From Having What You WantDo you know what's really stopping you from having what you want?Its most likely your limiting beliefs.What's a limiting belief? Listen to the podcast to find out! The Leverage and Growth Virtual Summit registration is open! The summit is on March 15-19, 2023Summit Pricing:Free registration (access to videos for ~24 hours) Paid VIP All-Access Pass upgrade pricing is as follows:$97 thru March 14, 2023 (before conference)$197 on March 15 - 19, 2023 (during conference)$297 beginning on March 20 (after conference) Please subscribe and leav...
2023-03-0811 minThe Grow Your Wealthy Mindset PodcastEpisode 40: Lump Sum vs Dollar Cost Averaging Investing StrategiesIf you have an amount of money to invest into your index funds, what's the best way to do it? Do you invest it all at once, called lump sum investing, or do you spread it out over time, called dollar cost averaging? In this episode, I discuss both investment strategies.The Leverage and Growth Virtual Summit is returning! Registration opens on March 1, 2023 and the summit itself will be March 15-19, 2023: Summit Pricing: Free registrationPaid VIP All-Access Pass upgrade pricing is as follows:$97 thru March 14, 2023 (before conference)$197 on Ma...
2023-03-0110 minThe Grow Your Wealthy Mindset PodcastEpisode 39: Life Changing EventsIn this episode, I reflect on what I have come to realize was a life changing event for me that changed the trajectory of my life.That life changing event was the first Leverage & Growth Virtual Summit that was held in May 2020. It came during a life changing year, the pandemic, and arguably its inception was due to the pandemic. The Leverage and Growth Virtual Summit is returning! Registration opens on March 1, 2023 and the summit itself will be March 15-19, 2023:Summit Pricing:Free registrationPaid VIP All-Access Pass upgrade pricing is as follows:
2023-02-2213 minThe Grow Your Wealthy Mindset PodcastEpisode 38: The Backdoor Roth IRA ExplainedThere’s still time for you to do a Backdoor Roth IRA for 2022! In this episode, I discuss the IRA, or individual retirement account, in more detail. There is the Traditional IRA and the Roth IRA. The Backdoor Roth IRA is a strategy to help high income earners contribute to a Roth IRA since there are income limits for directly contributing to a Roth IRA. Many high Income earners can’t tax deduct contributions to a traditional IRA so the Backdoor Roth IRA strategy is helps be more tax efficient with investing for retirement. https://www.irs.gov...
2023-02-1518 minThe Grow Your Wealthy Mindset PodcastEpisode 37: Choosing the Right Asset Allocation for YouAsset allocation is one of the most important decisions when it comes to investing. It will determine your overall return on your investment as well as the fluctuations in the value of your investment portfolio. It can be the difference between reaching your financial goals or being caught short when the time comes. In this episode, I give multiple examples of asset allocation for the goal of long-term growth, generally for retirement. I also talk about asset classes beyond stocks and bonds and how to invest in them. If you want to start your path to financial f...
2023-02-0820 minThe Grow Your Wealthy Mindset PodcastEpisode 36: What you need to know about Target Date (Retirement) FundsTarget Date Funds have been touted as the one fund you need for retirement. Pick the year you want to retire, choose the Target Date Retirement with that year, and you’re all set. Is it really that simple? What does a Target Date Fund actually do? Are there better investing options? Listen to this episode for those answers and more. Please subscribe and leave a review on your favorite Podcasting platform. If you want to start your path to financial freedom, start with the Financial Freedom Workbook. Download your free copy...
2023-02-0111 min
The Grow Your Wealthy Mindset PodcastEpisode 35: Negotiating to Get Paid What You’re Worth with Dr Linda StreetDr. Linda Street is the Founder & CEO of Simply Street MD Negotiation Coaching where she helps female physicians negotiate for the salary they deserve. Women physicians earn up to 30% less than male physicians in similar positions. Studies show the gender pay gap is independent of women working part time, taking maternity leave, or any other factors. By earning less, it makes it even harder for women to build their wealth, which is why I’m so excited to have Dr. Street here to talk about how women physicians can negotiate for better compensation. Your can lear...
2023-01-2539 minThe Grow Your Wealthy Mindset PodcastEpisode 34: Certificates of DepositEpisode 34: Certificates of DepositsStocks are a great investment for people with long term horizons but what to do with money that’s ear marked for something with a short time horizon? There are High Yield Saving Bang Accounts (high yield meaning they pay better interest than average), Money Market Accounts, short term US treasury bonds, or the topic if this week’s episodes, Certificates of Deposits, often abbreviated as CDs. Listen to learn more about CD’s as well as building a CD ladder. And don't forget to pick up your copy of Made f...
2023-01-1811 minThe Grow Your Wealthy Mindset PodcastEpisode 33: Traditional Mutual Funds vs. Exchange Traded FundsFor instant diversification in the stock market, buying a index fund is a good way to go. Index funds come in two different flavors, as traditional mutual funds as well as exchange traded funds. In this episode, I go into the pros and cons of each type of fund to help you decide what is best for your situation.If you want to start your path to financial freedom, start with the Financial Freedom Workbook. Download your free copy today at https://www.GrowYourWealthyMindset.com/fiworkbookPlease subscribe and leave a review on your favorite...
2023-01-1111 min
The Grow Your Wealthy Mindset PodcastEpisode 32: Student Loan Forgiveness with Megan McGuireWe start the new year with this information about student loan forgiveness. Many physicians have 6 figures of student loan debt. The burden of student loan debt has been increasing. It’s not uncommon to have more than $200,000 or even $300,000 of student loan debt. For some people, Public Service Loan Forgiveness may be a solution. This week, I interview Megan McGuire who is a Certified Student Loan Planner and Senior Student Loan Advisor at Student Loan Planner. You can find out more information about Student Loan Planner at https://www.studentloanplanner.com/ Other...
2023-01-0443 minThe Grow Your Wealthy Mindset PodcastEpisode 31: Growth vs Fixed MindsetWhat is a growth mindset and how does that differ from a fixed mindset?With The Grow Your Wealthy Mindset, I want to encourage you to embrace having a growth mindset more often than having a fixed mindset. Listen to this episode to find out more about mindsets and how you can work to make that switch. Please subscribe and leave a review on your favorite Podcasting platform. If you want to start your path to financial freedom, start with the Financial Freedom Workbook. Download your free copy today at https://www.GrowYourWealthyMindset.co...
2022-12-2810 minThe Grow Your Wealthy Mindset PodcastEpisode 30: The Impact of Costs on InvestingThis episode talks about all the costs that are associated with investing and how much it can impact the returns of your investment. All investments have some cost associated with them. Some costs are more visible while some costs can be hidden. Fees that seem small can cost 6 or 7 figure over your investing lifetime. Tune in each week to learn more on how to grow your wealthy mindset! 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 medi...
2022-12-2115 minThe Grow Your Wealthy Mindset PodcastEpisode 29: Setting Financial Boundaries“Boundaries are the distance at which I can love you and me simultaneously.” Prentice Hemphill A boundary consists of a request you make, followed by the action you will take. A financial boundary are limits you set to protect your money. You may even set a boundary to protect your money from yourself. Listen to more learn about financial boundaries. 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.GrowY...
2022-12-1413 min
The Grow Your Wealthy Mindset PodcastEpisode 28: Finding the Right Work Situation with Dr. Lara HochmanThis week, we have a special guest, Dr. Lara Hochman, who is the founder of Happy Day Health and has the mission to help physicians practice medicine where an environment where they love practicing medicine. She’s been called the medical matchmaker, matching physicians with medical practices where it’s a good match for both the physician and the practice. You can reach Dr. Lara Hochman at Website: www.happydayhealth.co (not .com) LinkedIn: https://www.linkedin.com/in/larahochman/ Youtube: https://www.youtube.com/channel/UCorwNuzOmzeH25dDy6i6N5w
2022-12-0722 minThe Grow Your Wealthy Mindset PodcastEpisode 27: Multiple Streams of Income and Active vs Passive IncomeIn this episode, I explain the concept of multiple streams of income. I then elaborate on the different types of income as well as the concept of passive vs. active income. Active income generally occurs when you are trading time for money.Passive income is income that where the work involved is much less compared to the income. Usually there is still some work involved, usually upfront, but then income can continue with significant effort or time. I also discussed the difference of active vs passive income in the eyes of the IRS, wh...
2022-11-3023 minThe Grow Your Wealthy Mindset PodcastEpisode 26: The Practice of GratitudeThis episode is about the practice of gratitude, which has been shown to improve physiological and psychological health. What's even better in that improvements can be seen with only 5 minutes a week. In this episode, I reference The Huberman Lab Podcast Episode 47 The Science of Gratitude & How to Build a Gratitude Practice. There are also a number of research papers referenced which are listed below: Emmons, R. A., & McCullough, M. E. (2003). Counting blessings versus burdens: An experimental investigation of gratitude and subjective well-being in daily life. Journal of Personality and Social Psychology, 84(2), 377–389. https://doi.or...
2022-11-2315 minThe Grow Your Wealthy Mindset PodcastEpisode 25: Tools to Help Track Your Net Worth and SpendingIn this episode, I talk about different tools, (software and apps) that you can use to help track your Net Worth and your spending habits. Personal Capital https://www.personalcapital.com/Tiller https://www.tillerhq.com/Kubera https://www.kubera.com/Mint https://mint.intuit.com YNAB https://www.youneedabudget.com/Quicken https://www.quicken.com/New Retirement https://www.newretirement.com/ PocketSmith https://www.pocketsmith.com/Monarch Money https://www.monarchmoney.com/ Every Dollar https://www.ramseysolutions.com/ramseyplus/everydollarAlbert https://albert.com/ The r...
2022-11-1618 minThe Grow Your Wealthy Mindset PodcastEpisode 24: Preparing for the Next RecessionAre we in a recession and who gets to decide? Learn more about recessions and how to prepare for the next recession in this episode. How do Economist determine whether the economy is in a recession?”https://www.whitehouse.gov/cea/written-materials/2022/07/21/how-do-economists-determine-whether-the-economy-is-in-a-recession/National Bureau of Economic Research Business Cycle Dating Committee https://www.nber.org/research/business-cycle-datingFor Show NotesPlease subscribe and leave a review on your favorite Podcasting platform. You can learn more about Elisa at her website or follow her on social medi...
2022-11-0916 minThe Grow Your Wealthy Mindset PodcastEpisode 23: Examining Risks and Overcoming FearThis weeks episodes talks about risks and how to overcome fear when it comes to investing. Not investing has it's own risks. Money decreases in value due to inflation. It's not possible for most physicians to save enough money for retirement. The saved money needs to be invested so that it can grow, your money needs to be working hard for you so you don't have to keep working hard for money. Please subscribe and leave a review on your favorite Podcasting platform. You can learn more about Elisa at her website or follow her on...
2022-11-0214 minThe Grow Your Wealthy Mindset PodcastEpisode 22: My Short-Term Rental StoryIn this episode, Elisa talks about the short-term rental she purchased in 2021 and how this became both a profitable investment as well as resulted in a large tax refund. In the course, she mentions Dr. Sabitha Setty, also known as The Unorthodox Doc, who runs the course Roadmap to Investing In Short Term Rentals. The book mentioned in the podcast is Short-Term Rental Long-Term Wealth by Avery Carl (not Carl Avery as stated in the podcast) Please subscribe and leave a review on your favorite Podcasting platform. You can learn more about Elisa at...
2022-10-2620 minThe Grow Your Wealthy Mindset PodcastEpisode 21: Saving on Taxes with Real Estate InvestingIn this episode, I cover two powerful real estate strategies that have allowed investors to save tens of thousands of dollars in taxes. The first strategy is achieving Real Estate Professional Status and the second is using the Short Term Rental Loophole. Bonus depreciation has supercharged the ability of these strategies to decrease the tax burden for W-2 and 1099 employees. REPStracker App can be used to help document your hours for Real Estate Professional Status. For more information on Real Estate Professional Status, refer to Look IRS Sec 469c(7). You can learn more at. https://www...
2022-10-1920 minThe Grow Your Wealthy Mindset PodcastEpisode 20: Introduction to Real Estate InvestingReal estate investing is a great way to grow wealth and diversify your investment portfolio. There are many ways to get involved in real estate investing that ranges from being very hands on to being completely hands off. In this episode, I introduce multiple ways to invest in real estate. You’ll learn about the difference between long term, mid term and short term rentals, which are always ways of actively investing in real estate. I also discussed passive real estate opportunities, both investing in real estate equity or investing in debt backed by real estate. If you haven’t ha...
2022-10-1222 minThe Grow Your Wealthy Mindset PodcastEpisode 19: Your Largest Lifetime ExpenseThe largest life time expense most physicians will have is taxes. In this episode, I review tax deductions available to W-2 earner physicians. I then talk about how the majority of tax deductions go to business owners. 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: ht...
2022-10-0513 minThe Grow Your Wealthy Mindset PodcastEpisode 18: Money Thoughts Around Financial Independence and FIRESome people equate financial independence with retirement but there are more reasons to achieve financial independence other than retirement. In this episode I talk about the benefits of financial independence as well as the different levels of financial independence. 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/GrowYourWealthyMindset...
2022-09-2815 minThe Grow Your Wealthy Mindset PodcastEpisode 17: Choosing Investments in your Employer Sponsored Retirement PlanYour employer sponsored retirement plan may have limited choices, or may have so many choices you have no idea what to pick. There may or may not be index funds or there may be index funds. So how do you go about choosing which funds to invest in? That’s what you’ll learn in this episode of The Grow Your Wealthy Mindset Podcast. 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.com
2022-09-2112 minThe Grow Your Wealthy Mindset PodcastEpisode 16: Index Fund InvestingI start this episode taking about the Warren Buffet Challenge and how he won a million dollar bet that the S&P500 index fund would outperform an actively managed hedge fund.I discusses the three most popular indexes, the Dow Jones Industrial Average, The S&P 500 Index and the Nasdaq Composite Index. I then go a little into the history of mutual funds, discussing actively managed funds and index or passive funds. I end with how to invest using index funds. Please subscribe and leave a review on your favorite Podcasting platform. You ca...
2022-09-1420 minThe Grow Your Wealthy Mindset PodcastEpisode 15: Financial AdvisorsHave you been thinking about whether or not to hire a financial advisor? This episode discusses who should consider hiring a financial advisor, what financial advisors can help with you and how they can provide value, and how to choose a financial advisor if you decide it's right for you. If you're interested in working with Elisa Chiang, head over to her websitehttps://www.GrowYourWealthyMindset.com and sign up for a free consultation meeting. Not ready for that step? Then follow Elisa on social media. Instagram https://www.instagram.com...
2022-09-0715 min
The Grow Your Wealthy Mindset PodcastEpisode 14: Getting Long-Term Disability Insurance with Dr. Stephanie PearsonStephanie Pearson, MD, FACOG was in the prime of her career as an OB/GYN when she suffered a shoulder injury at work that soon prevented her from practicing medicine. Her struggle navigating the disability claims process, along with the challenges of losing her identity as a physician, drove her to become a passionate advocate and advisor to her peers on the importance of disability insurance.Stephanie dedicated herself to educating others on the vital need to have the appropriate policy (something she had lacked) and decided to become an insurance broker; specifically, the rare type of b...
2022-08-3133 minThe Grow Your Wealthy Mindset PodcastEpisode 13: Protecting Your Greatest Asset with Disability InsuranceFor most early career physicians, their greatest asset is the ability to earn income practicing medicine. All doctors know about health insurance. Anyone who owns a car is required to have auto insurance. If you have a mortgage on your home, your bank will require you to have home owners insurance. Most people have heard about life insurance. But there are still a lot of physicians out there who don't know about or don't have the proper disability insurance. What you don't know can hurt you, so listen to the episode to learn about long-term disability insurance.P...
2022-08-2415 minThe Grow Your Wealthy Mindset PodcastEpisode 12: Emergency FundsWhen do you need to have an Emergency Fund?How much should you have in it? Where is the best place to keep an Emergency Fund? Do doctors really need an Emergency Fund? Listen to learn all about Emergency Funds. 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.f...
2022-08-1716 minThe Grow Your Wealthy Mindset PodcastEpisode 11: Can money buy you happiness?There is a common saying that money can't buy happiness, but is that really true? In this episode, I discuss many studies around money, wealth and happiness. It turns out that there are ways of spending money that can potentially increase happiness 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.co...
2022-08-1012 minThe Grow Your Wealthy Mindset PodcastEpisode 10: What's with all the hype around I-bonds?I bonds have been around since 1998 so why does it seem like people only started buying them recently? It all has to do the the I part of I-bonds, I standing for Inflation. With inflation at the highest rates in decades, the interest rate on I-bonds have suddenly become very attractive. But is it worth all the hype? Listen to find out. 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.com...
2022-08-0308 min
The Grow Your Wealthy Mindset PodcastEpisode 9: Socially Responsible and Impact Investing with Dr. Recha BergstromI'm excited to bring the first guest to the Grow Your Wealthy Mindset Podcast, Dr. Recha Bergstrom. Recha Bergstrom, MD is a practicing radiologist in Northern California specializing in Women’s Imaging. She is also a mom of three, wife, entrepreneur, and philanthropist. Recha founded The Physician Philanthropist to help doctors donate effectively, invest responsibly and spend thoughtfully so that they can maximize the positive impact they want to have in the world. She established The Physician Philanthropy Impact Fund to make it easy for doctors to advance their goals of healing and allevia...
2022-07-2718 minThe Grow Your Wealthy Mindset PodcastEpisode 8: Tax Advantaged Accounts for InvestingIn the episode on investing, I briefly mentioned considering which accounts you want to use in your financial plan. In this episode, I will discuss many tax-advantaged accounts that can be used for investing. Many of these accounts are designed to help people save for retirement but there are other accounts with different goals as well. It can sound confusing since many accounts are named with letters and number. Once you get use to the names, it's really not so bad.Please subscribe and leave a review on your favorite Podcasting platform. You can learn mor...
2022-07-2018 minThe Grow Your Wealthy Mindset PodcastEpisode 7: Introduction into InvestingIf you want to build wealth, you'll need to know something about investing. Investing is all about making your money work for you so you don't have to always work for money.Most investments fall into1) Investing into a business2) Lending money to earn interest3) Buying something you hope goes up in valueSome people would call #3 gambling. It's not hard to argue that there is some gambling, or measure of chance, that occurs with investing so I'm not going to argue about investing vs. gambling.Please subscribe and leave...
2022-07-1314 minThe Grow Your Wealthy Mindset PodcastEpisode 6: What does it mean to be rich or wealthy?How do people define rich or wealthy? In this episode, I dig into that question. A lot of people had different opinions on what it means to be rich or wealthy. Some people felt like being rich is different from being wealthy. 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.co...
2022-07-0614 minThe Grow Your Wealthy Mindset PodcastEpisode 5: Financial Mistakes Physicians MakeEveryone makes financial mistakes. Some are smaller, like missed opportunities, and some are larger, costing tens or even hundreds of thousands of dollars. The more financial mistakes you can avoid, the better. Talking about financial mistakes helps other people avoid them. Here are some financial mistakes physicians often make.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.co...
2022-06-2915 minThe Grow Your Wealthy Mindset PodcastEpisode 4: Understanding DebtDebt is money that you bought and the price you pay for that money is interest. Debt is neither good nor bad. Understanding debt can take away some of the shame people have around debt. The ability to buy money is actually a great benefit. 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/ElisaChianght...
2022-06-2218 minThe Grow Your Wealthy Mindset PodcastEpisode 3: Your Financial Net WorthDo you know your financial net worth?If you don't, then this episode is for you!If you're working on growing your wealth, you'll want to know where you stand now. You'll also want to give some serious thought about what that means to you. 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 plat...
2022-06-1514 minThe Grow Your Wealthy Mindset PodcastEpisode 2: Arrival FallacyMany of us have fallen into the trap of arrival fallacy, or the belief that you'll finally have lasting happiness once you achieve a specific goal our outcome. Yes, reaching goals can make us feel happy for a while, but eventually that becomes your new baseline and life goes back to "normal." Learning to enjoy the journey which is going to include both ups and downs will lead to more happiness now. Tune in each week to learn more on how to grow your wealthy mindset! Imagine your life when you have the financial knowledge to...
2022-06-0818 minThe Grow Your Wealthy Mindset PodcastEpisode 1: Growing a Wealthy MindsetDr. Elisa Chiang started her financial education in 2004 when she bought her first house while still a medical student. Tune in to hear her story and see how she grew her money mindset which led her to be a millionaire within 3 years of finishing her medical training. Sadly, there are many physicians who earn a good income but are not building 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 c...
2022-06-0114 minThe Grow Your Wealthy Mindset PodcastIntroducing The Grow Your Wealthy Mindset PodcastThis is a pre-podcast episode to introduce the new podcast that is releasing on June 1, 2022! 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/ElisaChiang Please subscribe and leave a review on your favorite Podcasting platform. Get 12 Financial Mistakes that Keep Ph...
2022-05-2301 min