Episodes
106
Latest episode
Aug 2026
Language
EN
Financial Planning for Physicians. Registered Representative: Securities offered through Cambridge Investment Research, Inc., a Broker/Dealer, Member FINRA-SIPC. Investment Advisor Representative: Cambridge Investment Research Advisors, Inc. a Registered Investment Advisor. M Advisor is not an affiliate of Cambridge Investment Research.
What is one thing physicians often miss with their finances? It's making sure they save before they spend. Lifestyle creep is a real thing, but physicians often have to deal with lifestyle accumulation throughout medical school, residency, and fellowship. The best time to start saving was in the past; the next-best time is now.
Is Uncertainty the villain in our finances? I don't think so. We're not trying to solve for certainty, as there is a cost to certainty. We're solving for success. How can we tell which is which?
I've heard this story several times during the last few months, so while it's a fairly common story, I thought I'd still share and give some thoughts on it. You can complete a web search for "Mexican Fisherman Story" and read the same or similar version I read. What I gather from this story is: -Don't follow someone else's dreams/goals -Understand your priorities
Sometimes the simplest things are the most difficult. Being content in our lives is one of these simple, yet difficult things. Whether it be from gratitude or internal fulfillment, being content with yourself, your life, and your circumstances can be an advantage to your future, both from a happiness perspective as well as a financial standpoint.
Are we helping our kids too much, too little, or just right as they transition from teenager to adults. While we want our kids to become independent, productive adults, how we intervene teaches them to be dependent or independent. Helping too much can negatively shape their opinion on effort and hard work, but so can helping too little. Striking a balance of support and communicating expectations are likely helpful endeavors. This is a question that should be viewed from the family values lens.
Is your spending frugal or wasteful? What's the difference, and how do you know? In this episode we explore the differences between frugal and wasteful spending and how it impacts your finances and the earth.
What's more impactful than sharing free time with your kids? Could discovering a hobby (together) be one of the most lasting gifts you give to your children? How do you go about finding a hobby? Let's chat about it!
With home-buying season approaching and tax season just ending, I thought it'd be appropriate to review what mortgage interest is deductible on your personal tax return. Understanding this concept can greatly impact your planning when shopping for home, preparing for your mortgage, or planning around your current mortgage. This should not be construed as tax advice. Please consult a qualified tax professional for tax advice.
Referencing the book "Your Money" by Carl Richards, I discuss the four sources of capital (sketch #6), Money, Energy, Time, and Attention. I key in on attention, and chat about what that actually means. Who do we "pay" when we pay attention? And what's our attention worth? This is a cool book. I receive no commission for the book sales. Check it out: https://www.amazon.com/dp/1804091715/?bestFormat=true&k=your%20money%20carl%20richards&ref_=nb_sb_ss_w_scx-ent-bk-v2_k0_1_14_de&crid=2P86HU8QY2O0D&sprefix=your%20money%20car
A quick template on how to evaluate and move your finances to the next level. Know where you are: Create a Balance Sheet List your goals and priorities List your procrastinations - this is big Manage how you talk to yourself about money - this is bigger Resources: https://podcasts.apple.com/us/podcast/improve-your-finances-create-a-balance-sheet/id1613405436?i=1000743276123 https://www.m-advisor.com/blog/how-to-create-a-balance-sheet-video
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