FinancialMD - Podcast Details

Shows

The FinancialMD ShowEp 028 - Setting Up For Success - Essential Checklist for the New AttendingSummary: Transitioning Into Practice: Focus On The W.I.N. Principle [0:01:23] Stephen Covey’s Four Quadrant: Important, Not Important, Urgent, Not Urgent [0:02:32] From Taxable To Tax-Free: The Art Of Roth Conversion [0:04:58] Plan For The Unexpected: Disability Insurance [0:07:32] Healthy Financial Habits: Budgeting And Managing Surplus [0:09:02] Financial MD's Resident Roadmap: Securing Your Future [0:10:44] We Want To Hear From You! Share Your Two Cents With Us [0:12:22] Welcome to the Financial MD Show. This is the only podcast designed specifically for residents and young physicians to help you become educated on financial planning for physicians and avoid many...2024-01-0815 min

The FinancialMD ShowEp 027 - From Vision To Reality, Launching A Solo Private PracticeSummary: Update On Trevor's Newest Business Endeavor [0:00:52] Embarking On A Journey: A Solo Private Practice [0:04:22] Protect Your Practice: Invest In Disability Insurance [0:06:26] Leading With Ownership: More Responsibility, More Satisfaction, More Rewards [0:10:44] The Trigger: Taking The Leap Into Solo Private Practice [0:13:16] The Perfect Timing For Your Business: Meeting Organic Needs [0:19:56] To Own Or Not To Own: The Practice Dilemma [0:24:00] Private Equity Knocking? Standing Strong In Independence [0:27:13] Best Of Both Worlds: The W-2/1099 Combo [0:29:39] The Latest Buzz In The Cryptocurrency Universe [0:35:33] Don't Let Go Of Your Value; It's Your Voice And Power [0:36:51] Welcome to the Fi...2024-01-0544 min

The FinancialMD ShowEp 026 - Tax Tips for Young Docs From A CPASummary: What Does Cory Do? [0:02:08] The Moment Cory Decided To Become An Accountant [0:04:04] Critical Key Components: Psychology of Money and Behavioral Finance [0:06:13] Tip: Take Advantage Of That Lower Interest Rate – Invest! [0:10:59] All The Things You Need To Know About Being A CPA [0:11:42] The Start Of The Financial MD "Dinners" [0:14:52] Most Often Asked Question: What Is The Best Tax Deduction? [0:19:04] You Can Do A 401(k) And An IRA At The Same Time [0:24:36] Find Yourself The Right Financial Advisor [0:32:54] Cory’s Piece Of Advice To Residents [0:35:50] Do What You Do Best And Delegate The Rest [0:37:56] Welcom...2024-01-0142 min

The FinancialMD ShowEp 025 - Real Estate InvestingSummary: Dave Hall's Journey Into The Real Estate World [0:03:26] One Can Make As Much Money Doing Easy Flips [0:07:13] How And Where To Find Profitable Deals: The Process [0:09:57] Your Network Is Your Net Worth [0:13:52] For A Novice Investor, Should You Get Into Flips Or Into Rentals? [0:20:22] Let's Talk About Tax Benefits [0:24:07] Things That Dave Wished He Knows Then What He Knows Now [0:29:42] Here Are The Numbers On Some Of The Deals [0:32:26] Advice To Would-be Investors [0:35:28] Welcome to the Financial MD Show. This is the only podcast designed specifically for residents and young physicians to he...2023-12-2940 min

The FinancialMD ShowEp 024 - Employee BenefitsSummary: The Gist Of Employee Benefits [0:01:30] Trevor's Thoughts And Opinions [0:03:12] Low Paycheck/With Benefits Vs High Paycheck/No Benefits [0:06:38] Basic Things To Know Regarding Employee Benefits [0:10:31] HSAs Are Awesome! [0:12:12] Another Option: Flexible Spending Account (FSA) [0:19:38] Retirement Plans: 401(k) vs 403(b) [0:23:04] Other Ancillary Benefits: Group Life Insurance [0:34:30] General Recommendation: Get Enough Life Insurance Outside Of Work [0:36:48] Disability Insurance: Get It As Soon As You Possibly Can While You're Young And Healthy And It's Cheap [0:39:07] A Little Tidbit: If You Pay Your Own Personal Disability Insurance, It's Tax-Free Upon Claiming And Collecting Benefits [0:45:13] Welcome to th...2023-11-3050 min

The FinancialMD ShowEp 023 - How Things Are Going In Your FinancesSummary: What Happened To The Silicon Valley Bank? [0:02:13] FDIC: Where Do They Come In? [0:05:33] Other News: Stocks Are Holding Steady [0:07:10] As A Resident, What Does This Mean To You And Your Personal Finances? [0:08:05] Should You Buy A House? Student Loan Status During These Times [0:11:21] Interest Rates Keep Rising – A Good Time To Put Your Money In A High-Yield Savings Account [0:14:25] Download The Financial MD App – Its Free! [0:16:49] Welcome to the Financial MD Show. This is the only podcast designed specifically for residents and young physicians to help you become educated on financial planning for ph...2023-04-1819 min

The FinancialMD ShowEp 022 - The Benefits of 1099Summary: Pros And Cons Of Doing 1099 Work (Being An Independent Contractor Or Business Owner) [0:08:17] Get Started On That 401(k) [0:11:01] Super Roth – A Third Contribution To Your 401(k) [0:13:25] Another Big Benefit [0:18:06] By Being A 1099, You Can Buy The Insurance You Want (Plus Others!) [0:20:27] Be Sure To Get A Financial Planner Who Always Touch Base With You Regularly [0:24:20] If You’re Doing 1099, Don’t Forget To Pay Your Taxes! [0:27:55] Welcome to the Financial MD Show. This is the only podcast designed specifically for residents and young physicians to help you become educated on financial planning for phys...2022-09-0531 min

The FinancialMD ShowEp 021 - Buying a CarSummary: Trevor’s Main Goal Out Of Residency – Pay Off Loans [0:01:35] Financial Advisors Are Accountable, To Some Degree, For Our Financial Decisions [0:04:19] Trevor Wants To Buy A New Car And Consults With Jon [0:06:03] Trevor Found His Car! [0:10:20] General Rule Of Advice: Buy A Two- Or Three-Year-Old Car [0:11:04] Process For Buying A Car These Days [0:13:46] Financing: What Are The Options? Interest Rate? [0:19:26] Extra Important Tips In Buying A Car [0:26:02] Cars That Depreciate The Least Can Be Part Of Estate Planning (Long-Term Care Planning) [0:27:32] Welcome to the Financial MD Show. This is the only podcast design...2022-08-1230 min

The FinancialMD ShowEp 020 - Using Real Estate in Financial PlanningSummary: Let’s Talk About Real Estate [0:05:01] Diversification: Alternate Investments [0:07:48] Pros And Cons Of REITs [0:10:33] If You Want To Get Into Real Estate, Start With REITs [0:13:50] Jon’s Personal Real Estate History [0:16:51] Trevor’s Preference Regarding Real Estate [0:22:44] Why Do People Don’t Like Bitcoin [0:26:29] Jon’s Recent Real Estate Saga (All The Juicy Details Here!) [0:28:15] They Got The Property; However, Problems Arose (But All Ends Well) [0:35:00] Government Regulate and Control Things; But It’s Usually For The Benefit Of the Consumers [0:40:41] Welcome to the Financial MD Show. This is the only podcast designed speci...2022-08-1036 min

The FinancialMD ShowEp 010 - Investing in Startups Part 1Summary: The Concept In Investing In Startups [0:02:11] Good Ideas Fail All The Time In The Marketplace [0:06:50] If You Cannot Put Numbers To It, You’re Gambling; Not Investing [0:09:25] Everything Goes Up Including Housing [0:16:04] Have A Specific Time Horizon When Investing [0:18:23] Dunning-Kruger Effect – Expert Bias or Self-confidence Bias [0:23:10] By The Time You Hear About It, It’s Too Late [0:24:39] Fear Of Missing Out (FOMO) – Step Away From This [0:31:14] Welcome to the Financial MD Show. This is the only podcast designed specifically for residents and young physicians to help you become educated on financial planning for physic...2022-06-0835 min

The FinancialMD ShowEp 017 - Investing in Real EstateSummary: Let’s Talk About Real Estate [0:05:01] Diversification: Alternate Investments [0:07:48] Pros And Cons Of REITs [0:10:33] If You Want To Get Into Real Estate, Start With REITs [0:13:50] Jon’s Personal Real Estate History [0:16:51] Trevor’s Preference Regarding Real Estate [0:22:44] Why Do People Don’t Like Bitcoin [0:26:29] Jon’s Recent Real Estate Saga (All The Juicy Details Here!) [0:28:15] They Got The Property; However, Problems Arose (But All Ends Well) [0:35:00] Government Regulate and Control Things; But It’s Usually For The Benefit Of the Consumers [0:40:41] Welcome to the Financial MD Show. This is the only podcast designed speci...2022-06-0644 min

The FinancialMD ShowEp 019 - Market UpdateSummary: Are We Heading Towards A Great Depression? [0:03:39] Current News Update On Crypto And Bitcoin [0:06:33] Just What Happened To The Luna? [0:11:16] Trevor Shares His Personal Strategies In These Unique Times [0:17:37] Leverage: An Interesting Strategy [0:20:16] Sometimes, It All Boils Down To A Person’s Emotional Well-being [0:23:16] Welcome to the Financial MD Show. This is the only podcast designed specifically for residents and young physicians to help you become educated on financial planning for physicians and avoid many of the common financial mistakes doctors make. Your hosts, Jon and Trevor, explore a different topic with each...2022-06-0527 min

The FinancialMD ShowEp 016 - What Happens After You Die?Summary: What Happens After You Die (Financially-Wise) [0:02:50] What Is An Estate? [0:06:07] Aaron Spelling – An Example Of A Well-Managed Estate [0:08:51] What Is SECURE ACT? [0:11:16] Bitcoin As An Early Inheritance [0:16:17] There’s Something Called A Step-up In Basis [0:19:18] Gift Tax – What Is This? [0:23:17] How Do I Dictate What Happens After I Die? [0:27:07] Who Should Have A Trust? [0:30:15] Role Of Regulatory Bodies Like FINRA And SEC [0:32:48] It Pays To Invest On Life Insurance [0:36:33] Welcome to the Financial MD Show. This is the only podcast designed specifically for residents and young physicians to help you become educated on finan...2022-06-0440 min

The FinancialMD ShowEp 015 - What Are Employee Benefits?Summary: What You Need To Know, What You Should Look Out For [0:03:17] What Are Employee Benefits? [0:05:08] Generally, Large Companies Pay Less; Private Groups Pay More [0:06:56] Let’s Start With Health Insurance [0:09:03] Look Out For A Retirement Plan; 401(k) Vs 403(b) [0:12:29] Next Up: Disability Insurance [0:15:48] Life Insurance: Not Only For You But Sometimes For Your Spouse And Kids As Well [0:17:43] Footnote On Insurances: Don’t Rely On Your Employer [0:18:44] Other Benefits: Continuing Education, Concierge [0:20:24] In Summary: Ask, Get, Compare, Decide [0:21:11] Welcome to the Financial MD Show. This is the only podcast designed specifically for reside...2022-05-1724 min

The FinancialMD ShowEp 014 - Investing in Startups Part 2Summary: What’s In a Name? Venture Capital Firm Or Venture Studio [0:04:20] Reuben’s Startup Journey [0:07:03] What Areas/Sectors Do Venture Studios Look For In Startups? [0:11:23] Steps Doctors Can Make To Invest In Startups – First, Be An Accredited Investor [0:14:33] You Have The Opportunity To Do Impact Investing [0:17:36] Places To Go For Startups [0:22:38] A Success Story [0:24:49] Welcome to the Financial MD Show. This is the only podcast designed specifically for residents and young physicians to help you become educated on financial planning for physicians and avoid many of the common financial mistakes doctors make. Your hos...2022-05-1733 min

The FinancialMD ShowEp 013 - Finding Locums JobsSummary: Looking For Locums Work [0:02:35] Trevor’s Long-Term Goals And Aspirations Career-Wise [0:07:24] When Finding Jobs – Be Positive, Know Your Worth, Don’t Put Down Somebody Else [0:12:36] Burntout To Badass – Honing In On Your Priorities [0:19:57] There’s Something Called Geographic Arbitrage [0:24:23] The Secret Sauce If You Are Doing Locums – Call Up Hospitals And Ask For the Physician Recruiter [0:030:03] Locums Interview Process Vs Typical Interview Process [0:33:20] When You Get A Job Offer, What’s Next? [0:37:26] Very Important – Read All Your Contracts [0:41:44] On Getting Paid – Do Some Simple Math [0:43:50] Welcome to the Financial MD Show. This is the only podcast...2022-05-1751 min

The FinancialMD ShowEp 012 - Why Jon Loves Being A Financial PlannerSummary: There’s A Certain Excitement On Initial Consultation [0:00:31] Being A Financial Advisor Is Interesting [0:02:13] Estate Planning – A Fun Kind Of Challenge [0:05:15] Having No Estate Planning Is A Bad Decision – Take For Example, Howard Hughes [0:06:53] There Are A Million Different Ways To Do Financial Planning [0:12:43] At Financial MD, We Are Happy To Have A Good Impact On Our Clients’ Lives [0:15:22] Ultimate Goal Is To Be The Best You Can Be [0:20:24] In Financial Planning, You Have To Have Your WHY To Motivate You [0:24:10] Welcome to the Financial MD Show. This is the only podcast designed s...2022-05-0927 min

The FinancialMD ShowThe FinancialMD Show - Ep 014 - When It_s Not a Good Idea To Use a 401kSummary:401(k) Vs. 403(b) – History of ERISA [0:01:16]What Is A Roth? [0:07:26]Capital Gains Tax Explained [0:10:23]Having A Financial Advisor Is Better Than Not Having One [0:12:43]You Pick Your Investment Options, Not Your Employer [0:18:52]When Is It Not A Good Idea To Do A 401(k)? [0:21:06]Everybody Is Different – Making Decisions On What You Do With Your 401(k) [0:28:34]Other Interesting Things About 401(k) [0:31:06] Welcome to the Financial MD Show. This is the only podcast designed specifically for residents and young physicians to help you become educated on financial planning for physicians and avoid many of the co...2022-04-1835 min

The FinancialMD ShowEp 011 – Dr. Smith Talks CryptoSummary: Tesla Acquired 1.5 Billion Dollars’ Worth Of Bitcoin [0:01:11] Inflation – What Is The Value Of Money? [0:05:01] There’s A New Asset Class – Digital Assets [0:08:12] Everybody Can Have Bitcoin [0:10:49] The Reason Companies Are Buying Bitcoin [0:11:38] Pump Up Your Portfolio – Diversify! [0:16:23] Implication For The Average Young Physician [0:17:52] Volatility Is Not A Negative Thing [0:19:40] As Elon Musk Said, ‘In Retrospect, It’s Inevitable’ [0:22:55] Welcome to the Financial MD Show. This is the only podcast designed specifically for residents and young physicians to help you become educated on financial planning for physicians and avoid many of the common financial mistakes doctors make. Your hosts, Jon and Trevor, explor...2022-04-0726 min

The FinancialMD ShowEp 018 – War in Europe and Your FinancesSummary: Russia Invading Ukraine – Implications [0:01:31] The Market Is Doing What It Always Does – Volatility [0:03:31] What’s Inside An Average Client Portfolio (It’s Not All S&P Index Fund) [0:04:05] Crisis In Europe Affects Gas Prices Which Affects The Stock Market [0:06:34] The Longer You Wait To Curb Inflation, The Worse It Gets [0:08:30] Welcome to the Financial MD Show. This is the only podcast designed specifically for residents and young physicians to help you become educated on financial planning for physicians and avoid many of the common financial mistakes doctors make. Your hosts, Jon and Trevor, explore a different topic with each episode...2022-03-2411 min

The FinancialMD ShowEp 009 – When Its Not a Good Idea to Use a 401kSummary: What Is A 401(k)? When Was It Created? [0:03:00] What is a ROTH [0:10:27] Capital Gains Explained [0:13:44] Financial Advisors Can Help Maintain Your Accounts [0:16:16] When Is It Not A Good Idea To Do A 401(k) [0:25:44] Other Times To Not Use or Put Money In A 401(k) [0:33:27] What Can You Do With Your 401(k) [0:38:26] Welcome to the Financial MD Show. This is the only podcast designed specifically for residents and young physicians to help you become educated on financial planning for physicians and avoid many of the common financial mistakes doctors make. Your hosts, Jon and Trevor, explore a different topic with ea...2022-03-1944 min

The FinancialMD ShowEp 008 – The Best Way To Refinance Student LoansSummary: Refinancing: A Hot Button Issue [0:03:08] Early Financial Services Firms [0:05:28] Being Comfortable In Your Refinancing Decisions [0:08:35] Current Refinance Rates: Fixed Versus Variable [0:15:14] How To Refinance Student Loans [0:17:25] Getting A Loan Will Not Cost You Anything [0:24:29] Different Tiers of Saving (Buckets) the Ramit Sethi Way [0:28:44] What Are Stable Coins? [0:30:25] Final Thoughts on Refinancing [0:36:53] Welcome to the Financial MD Show. This is the only podcast designed specifically for residents and young physicians to help you become educated on financial planning for physicians and avoid many of the common financial mistakes doctors make. Your hosts, Jon and Trevor, explore a different topic with ea...2022-03-1440 min

The FinancialMD ShowEp 007 – Getting Disability Insurance in ResidencySummary: Trevor’s Background on Disability Insurance [0:03:34] What Trevor Did On Getting Disability Insurance [0:09:04] Catastrophic Plan – What Is This? [0:11:01] Importance Of Own Occupation Rider [0:12:54] Future Increase Option Rider/Guaranteed Benefit Update Rider [0:14:03] What Makes A Good Insurance Company? [0:22:31] Why Will You Get A Cost Of Living Or Inflation Rider [0:28:06] Insurance As Part of A Financial Plan [0:33:30] Diversifying Risk: Two Insurance Companies [0:36:15] We Can Help You Get Disability Insurance At Financial MD [0:43:45] Welcome to the Financial MD Show. This is the only podcast designed specifically for residents and young physicians to help you become educated on financial planning for physicians and avoid...2021-11-2146 min

The FinancialMD ShowEp 006 – Where To Find Good Financial EducationSummary: Resident Finance – Where To Start [0:05:04] Mental Barriers on Financial Planning [0:09:29] Second-guessed by People [0:13:44] Do For One What You Wish You Could Do For Everyone [0:18:02] Taking Action, Doing Something, Using Technology [0:21:32] Make Reversible Decisions Quickly [0:26:43] Great Price Offered At Financial MD [0:34:26] Additional Information [0:38:25] Welcome to the Financial MD Show. This is the only podcast designed specifically for residents and young physicians to help you become educated on financial planning for physicians and avoid many of the common financial mistakes doctors make. Your hosts, Jon and Trevor, explore a different topic with each episode. Jon Solitro is a financial planner and cert...2021-11-1843 min

The FinancialMD ShowEp 005 – Buying a House During ResidencySummary: Trevor’s Story: Finding A House During Residency [0:03:41] Buy Or Rent? Which Is Which? [0:06:36] Breaking Even On A House? [0:13:05] Buying A House Is Mostly An Expense [0:15:38] Trevor’s House During Residency [0:20:43] Unexpected Problems Relating To Houses [0:30:30] Can I Buy A House When I’m Already An Attending? [0:32:59] Motivation To Buy Or Rent A House [0:36:40] Roadmap: Values Based Financial Planning Approach [0:40:04] Welcome to the Financial MD Show. This is the only podcast designed specifically for residents and young physicians to help you become educated on financial planning for physicians and avoid many of the common financial mistakes doctors make. Your hosts, J...2021-11-1747 min

The FinancialMD ShowEp 004 Investing for ResidentsWelcome to the Financial MD Show. This is the only podcast designed specifically for residents and young physicians to help you become educated on financial planning for physicians and avoid many of the common financial mistakes doctors make. Your hosts, Jon and Trevor, explore a different topic with each episode. Jon Solitro is a financial planner and certified financial education instructor. He’s been working with young physicians for the better part of the decade and lectures to graduate medical programs around the country. Dr. Trevor Smith is a board certified ophthalmologist with a full time practice and he has le...2021-09-0635 min

The FinancialMD ShowEp 003: How To Budget As a ResidentWelcome to the Financial MD Show. This is the only podcast designed specifically for residents and young physicians to help you become educated on financial planning for physicians and avoid many of the common financial mistakes doctors make. Your hosts, Jon and Trevor, explore a different topic with each episode. Jon Solitro is a financial planner and certified financial education instructor. He’s been working with young physicians for the better part of the decade and lectures to graduate medical programs around the country. Dr. Trevor Smith is a board certified ophthalmologist with a full time practice and he has le...2021-07-2039 min

The FinancialMD ShowEp 002 – An Inside Scoop on Student LoansSummary: Federal Loans Highest Around 2010 To 2014 At 6.8 Percent [0:03:21] Independent Companies For Refinancing – Link Capital, iCapital, SoFi [0:04:00] Why Not PSLF? [0:06:00] What If There Will Be Changes In The PSLF Down The Road? [0:10:47] Why Do Refinancing? Because Of Compound Interest [0:13:10] If Refinancing Done Right, We Could Achieve 3 Things [0:16:50] Create A Strategy That Works For You [0:21:04] Different People Have Different Financial Plans And There’s No Wrong Or Right Ones [0:22:08] List Of Refinancing Companies Available On FB Group Page [0:27:12] Need Help On Starting? Jon Can Assist You [0:28:15] Welcome to the Financial MD Show. This is the only podcast designed specifically for residents and young...2021-06-1649 min

MSUWMA PodcastJon Solitro - S2 Ep.9Jon Solitro is an alumnus of Michigan State University, earning his bachelor's in psychology as well as his MA in counseling at Spring Arbor University. He is a financial education instructor as well as a financial advisor and CEO at Financial MD, an RIA based in Lansing, MI working with physicians across the United States. Financial MD: https://financialmd.com/ Website: https://www.jonsolitro.com/about LinkedIn: https://www.linkedin.com/in/jonsolitro/ WMA website: http://msuwma.com WMA YouTube: https://www.youtube.com/channel/UCT-eaRPTd0R1WlrLkRBweuQ 2021-03-0448 min

The FinancialMD ShowEp 001 - What is FinancialMD?Residents need help too - that’s why we started FinancialMD! Jon is a financial planner, and Trevor is a doctor, and together they give you the breakdown of what FinancialMD is, and how it helps residents. Here’s a hint - there are things residents can do TODAY. That can make a positive impact on their future finances. Jon shares the technical financial side, and Trevor knows firsthand what to do and what not to do as a young physician. Don’t miss an episode!2020-12-1742 min