Financial Residency

If you already have or plan to set up or start a health savings account (HSA), how do you make sure it is efficient to build wealth and possibly invest? In this episode of the Finance for Physicians Podcast, Daniel Wrenne talks about how to best manage HSAs. Topics Discussed: • HSA: Best tax shelter that exists as a vehicle to put your money into • HSA vs. Flex Spending Account (FSA): What's the difference? • HSA Strategy: ◦ Rule #1: It's best not to spend out of your HSA ◦ Rule #2: If using HSA to build wealth, make sure to invest cash ◦ Rule #3: As you have healthcare expenses, save the receipts • When to start using your HSA? Balance equals future expected healthcare costs • HSA Beneficiaries: Make sure to identify spouse or dependents • When is the best time to fund HSA? Max out sooner than later • Cafeteria Plan: Better to funnel money through employer HSA for matching funds • Switching Providers: Keep up with transfers and minimize number of HSAs LINK: www.WrenneFinancial.com

Today I just wanna give a quick overview of a little bit of terminology on the lender forms that you're looking at throughout the process. So by that I'm obviously talking about the, fees for when you're shopping lenders. Link to website: https://dougcrousephysicianloans.com/

Today we are joined with Dr. Rachel Consoli, who has traveled just the entire globe as an OB GYN provider. Dr. Consoli shares her story working with Locums and her experiences. Have you ever considered a different way of practicing medicine, whether you are burned out, need a change at pace, or are looking to supplement your income? Locumstory.com is the perfect place to start. https://locumstory.com/

Today we are answering questions that were sent in. The next one that we're gonna do today, how to negotiate for extra pay to the group to cover shifts instead of paying locums? LINK: www.ContractDiagnostics.com Have you ever considered a different way of practicing medicine, whether you are burned out, need a change at pace, or are looking to supplement your income? Locums story.com is the perfect place to start. https://locumstory.com/

Insurance agents posing as advisors is more common than you may realize and can create conflicts of interest. The key is having better awareness. Don't get fooled again! In this episode of the Finance for Physicians Podcast, Daniel Wrenne talks about five ways to identify whether you are working with an insurance person who is posing as a financial advisor. Topics Discussed: • Sign #1: Aggressive posers seek you out after making contact or via referrals • Sign #2: Posers offer you free or low-cost financial "advice" • Sign #3: Posers act as trusted advisors; don't refer to themselves as salespeople • Sign #4: Advice and product solutions offered by posers are similar across clients • Sign #5: Agents posing as advisors make it difficult to leave them/their products LINK: www.WrenneFinancial.com Have you ever considered a different way of practicing medicine, whether you are burned out, need a change at pace, or are looking to supplement your income? Locums story.com is the perfect place to start. https://locumstory.com/

Hey, this is John with contract diagnostics. I want to give a quick message on nurse practitioners and PAs. We had a couple of questions that were sent in, and one of them was about compensation for managing mid-level providers. Join me as I answer this question! LINK: www.ContractDiagnostics.com Have you ever considered a different way of practicing medicine, whether you are burned out, need a change at pace, or are looking to supplement your income? Locums story.com is the perfect place to start. https://locumstory.com/

Physicians seeking independent financial planning advice at a fair price should find financial advisors who mitigate conflicts of interest that cause more harm than good. In this episode of the Finance for Physicians Podcast, Daniel Wrenne talks to Donovan Sanchez, a Certified Financial Planner (CFP) and founder of Skyview Financial Planning. Donovan covers different conflicts of interest that most people are unaware of and the importance of disclosure requirements to find a quality financial advisor. Topics Discussed: • Financial Advisor Types: Anybody working in the financial services industry • Compensation Models: Pay for services via commission, fee-only, or fee-based • Challenging Conflict: Provide advice in advisor's and client's best interest • Teaching/Training: How to make sales and do financial planning to offer advice • Major Manufacturers: Research proprietary products, means of distribution to sell • Learn Language: Talk like a financial advisor to focus on quality or make sales • Clients and Referrals: How many to make sales and create custom plan/advice • Disclosure: Put client's interests first and disclose/manage conflicts of interest • Space and Stability: Become a good financial advisor before giving advice • Find Financial Advisor: Reach out to identify training, guidance, and get paid • Future of Financial Advice: Take step forward to regulate financial advisor title LINKS: www.WrenneFinancial.com Have you ever considered a different way of practicing medicine, whether you are burned out, need a change at pace, or are looking to supplement your income? Locums story.com is the perfect place to start. https://locumstory.com/

Today I wanna talk to you a little bit more about interest rates. Interest rates ended up being a three quarter point move, which was kind of on the low side of what we expected. Link to website: https://dougcrousephysicianloans.com/ Have you ever considered a different way of practicing medicine, whether you are burned out, need a change at pace, or are looking to supplement your income? Locums story.com is the perfect place to start. https://locumstory.com/

Jon Appino joins us today. He gives some really good insight on national employers and whether or not it's worth having a contract reviewed when you go to work for one of the big boys. Have you ever considered a different way of practicing medicine, whether you are burned out, need a change at pace, or are looking to supplement your income? Locums story.com is the perfect place to start. https://locumstory.com/

Everyone has suffered from lifestyle creep to some extent. Somewhere along the way, you go from eating ramen noodles to the finer things in life. You become used to spending your entire salary. In this episode of the Finance For Physicians Podcast, Daniel Wrenne talks to Jeff Wenger, a Certified Financial Planner (CFP®), about how to avoid lifestyle creep. What is it? How does it happen? How do you prevent it? Topics Discussed: Tricky Transitions: Going from little income to being paid the big bucks • Keep up with the Joneses: When you make more money, you tend to splurge • Lifestyle Creep: Taking on obligations and a million tiny spending decisions • Hedonic Adaptation: Making progress and adding little pleasures leads to pain • 'Drug' of Choice: Easier to add comfortable things, than to take them away • Why is lifestyle creep so dangerous? Lack of awareness creates conflict • Symptoms: What you want, not what you need; how disposable income is spent • Risk Factors: Are you a spender? Listen to others and seek expert guidance • 'B' Word: Be intentional and aware of budget by checking your cash balances • Team Effort: Resist temptation, finger pointing; be accountable about spending • Lifestyle Creep Challenges: ◦ Acknowledge underlying financial issues ◦ Be intentional before spending ◦ Identify highest priorities to align finances • Alternatives: Time, dedication, and intentionality to find free options LINKS: www.WrenneFinancial.com Just as the right advice helps you thrive financially. The right support team allows you to Excel professionally. Whether be healthcare's Locums experts will match you with the best jobs, prepare you for success and provide 24 7 support. https://weatherbyhealthcare.com/

A question that we get asked a lot is when should physicians look for jobs when. What's common, right? What's normal? What's the standard? LINKS: www.ContractDiagnostics.com Just as the right advice helps you thrive financially. The right support team allows you to Excel professionally. Whether be healthcare's Locums experts will match you with the best jobs, prepare you for success and provide 24 7 support. https://weatherbyhealthcare.com/

If you avoid talking about money with your children, then who pays for it later in life? Whether you know it or not, you're teaching your children about money every day. Teach them what works and what doesn't when it comes to finances. In this episode of the Finance for Physicians Podcast, Daniel Wrenne talks to Dr. David Weisenhorn about money and parenting. David is a Senior Extension Specialist for Parenting and Child Adolescence Education at the University of Kentucky. Topics Discussed: • What is a family scientist? Mixes psychology and sociology focused on families • Taboo Topic: Money isn't up for conversation; vulnerabilities around values • Lack of Education: Discussing finances in not covered in traditional curriculum • Effects: Educate children to avoid risk of not using and handling money properly • Mistakes: Avoiding subject of money doesn't mean kids won't use/experience it • Proactive Parenting: Daily practice of teaching children how to deal with money • Financial Literacy: Learn jargon and teach simple concepts via currency games • Money Personalities: Habits and attitudes toward spending and saving • Sink or Swim? Worth it to learn value of dollar early on to gain knowledge • Allowances/Chores: Required versus going above and beyond to earn money • Intrinsic/Extrinsic Motivators: Monetary incentives and sustainability of actions • Zone of Proximal Development: Allow children to make and learn from mistakes • Goals and Expectations: Smart small, don't overpay, earn money from hard work LINKS: www.WrenneFinancial.com Just as the right advice helps you thrive financially. The right support team allows you to Excel professionally. Whether be healthcare's Locums experts will match you with the best jobs, prepare you for success and provide 24 7 support. https://weatherbyhealthcare.com/

Today I want to speak on understanding yourself and knowing how you talk and how you negotiate. Just as the right advice helps you thrive financially. The right support team allows you to Excel professionally. Whether be healthcare's Locums experts will match you with the best jobs, prepare you for success and provide 24 7 support. https://weatherbyhealthcare.com/ LINKS: www.ContractDiagnostics.com

Today I wanna talk to you just briefly about the new fed meeting coming up. Just as the right advice helps you thrive financially. The right support team allows you to Excel professionally. Whether be healthcare's Locums experts will match you with the best jobs, prepare you for success and provide 24 7 support. https://weatherbyhealthcare.com/

Every week we get lots of questions about disability insurance, and I am so happy to welcome back Michael Relvas of MR Insurance Consultants to the show! Join us today as I have on a guest that I know and trust to help physicians with disability insurance questions. Just as the right advice helps you thrive financially. The right support team allows you to Excel professionally. Whether be healthcare's Locums experts will match you with the best jobs, prepare you for success and provide 24 7 support. https://weatherbyhealthcare.com/

One of the things that I thought we could talk about today is the schedule portion of the contract. Oftentimes it's called the duty section, it might be called the services section or sometimes it's called the expectation section sometimes. It's a job description. How detailed should these things be? LINKS: www.ContractDiagnostics.com

Life Insurance: How does it work and do you really need it? Are you worth more or less alive or dead? What you need to know to protect yourself and your loved ones. In this episode of the Finance For Physicians Podcast, Daniel Wrenne talks about what type of life insurance you should own. When you are young and healthy, cover your life or earning potential because the risk of untimely death happening is extremely low, but the costs of income loss are extremely high. Topics Discussed: • Life Insurance Recommendations: Understand conflicts, know what to look for • Why get it? Tomorrow isn't guaranteed, avoid leaving family in a financial pinch • When to get it? Before you urgently need it, when everything is good • How much does it cost? Depends on health and age • How much will you need? Enough, but always told to buy more • How long will you need it? Longer the lock-in period, the more expensive • Insurance Industry: Agents receive a high percentage of premiums for policies • Advisor vs. Agent: What are the differences? Incentives? Disincentives? • Coverage Calculations: Identify the correct amount of death benefits based on goals • Types of Life Insurance Coverage: ◦ Human Life Value: Wrongful death determines lost earnings ◦ Financial Need Analysis: Maintain specific lifestyle, goals, assets, liabilities ◦ Term Life: Temporary death benefits for a set time period ◦ Permanent: Combines cost of term plus investment component ◦ Conditional: Secure coverage immediately before underwriting LINKS: www.WrenneFinancial.com

What we're going to talk about today is something that I think every physician eventually will deal with and it's multiple offers. Whether it's your first job and you're interviewing at a lot of places or whether you're shopping around after your first position out of residency or fellowship LINKS: www.ContractDiagnostics.com

Does permanent life insurance make sense or not? Is it the right or wrong short-term investment? In this episode of the Finance For Physicians Podcast, Daniel Wrenne talks about what you should look for and avoid to navigate the purchase of permanent life insurance. Topics Discussed: • Permanent Life Insurance Components: Cash value and death benefit • How does buying permanent life insurance compare to term life insurance? • Agents: People who push, play with permanent life insurance costs/commission • Worst Case Scenario: Buying permanent life insurance for one year • Best Case Scenario: Worst year for investment alternative to break even • Buy term, invest the difference for credit card debt and emergency reserves • Buy permanent life insurance when long-term tax savings outweigh cost and time • Key Takeaway: Get a second opinion to understand complexity, conflict of interest LINKS: www.WrenneFinancial.com

Today I want to talk a little bit about mortgage don'ts. Join me! Link to website: https://dougcrousephysicianloans.com/

Today I have one of my very favorite people in the world, Dr. Amber Boros with me, she is my hero. She took medicine, which was kind of how we all feel about medicine these days. And she turned it into her passion.

How can special needs planning positively change your family's life when you have a child or children with a disability? It really depends on their needs, so map out the plan for them. In this episode of the Finance for Physicians Podcast, Daniel Wrenne talks about the basics of special needs planning and available tools. Topics Discussed: • Worst Case Scenario: Unexpected death or disability • FAQs: ◦ Who is going to take care of my child or adult with a disability? ◦ How will they know how to take care of my child with a disability? ◦ Will my child have enough financial support for lifetime care? ◦ How do I save for my child with a disability? • Tools: ◦ Will is a legal document that names a guardian and outlines care needs ◦ Letter of Intent (LOI): Document that outlines key components of care ◦ Special Needs Trust: Direct funds to child's care; get government benefits ◦ Change beneficiary designations to reflect the special needs plan ◦ Communicate plan with identified and designated beneficiaries ◦ Create ABLE account to save for qualified expenses for disabled children LINKS: www.WrenneFinancial.com

Today Kathryn Sarnoski going to be talking about the collections model, to end the three part series on compensation models. LINKS: www.ContractDiagnostics.com

Do you have enough money in the bank for your rainy day fund? What amount is too low or too much just in case you need it?\ In this episode of the Finance For Physicians Podcast, Daniel Wrenne talks about setting the cash target. Ideally, you're not over or under. By knowing what you need to get to, you're empowered to make better decisions to reduce stress and risks, and increase return on your dollar. Topics Discussed: • Before Building Emergency Reserves: ◦ Have at least one month of expenses in checking account ◦ Pay off prior credit card debt and loan balances • Start Building Up Reserves: ◦ Set the target by saving three to six months of income/expenses ◦ Personalize range based on your situation (1 to 12 months) • Risk Factors and Reasons for Reserves: ◦ What do you own that has upkeep costs? Houses, cars, and boats ◦ How large is your household? Single, married, and children ◦ What is your insurance deductible? Change if necessary ◦ How much does your household earn and how secure are earnings? ◦ What percentage of income is being spent versus saved? ◦ How diversified are your income sources? • Ideal Target: Establish emergency reserves and put in a bank savings account • Common Mistakes: ◦ Commingling rainy day savings with other savings accounts ◦ View as insurance policy, not as a return or way to maximize investment ◦ Don't use credit card or HELOC debt as alternative to emergency reserves ◦ Revisit and adjust ideal target; don't set it and forget it ◦ Get some kind of return on your reserves, just don't get greedy ◦ Use actual, not estimated expenses to calculate your rainy day reserves LINKS: www.WrenneFinancial.com

Today I want to talk to you briefly about interest rates. I wanna talk to you a little bit about where interest rates are determined and what affects them. Link to website: https://dougcrousephysicianloans.com/

I've had several requests lately to do a podcast on how to live frugally. And that got me thinking, that living frugally can mean so many different things to different people. It made me look back on my own life and forgive me if I share too much information about myself during this podcast.

Today we are doing part 2 or the 3 part series with Kathryn Sarnoski. Kathryn is going to be talking about the RVU model. LINKS: www.ContractDiagnostics.com

Today I'm excited to talk with Doug about some of this craziness that's going on with the mortgage industry in mortgage rates in particular in the past few months, if you hadn't been paying attention rates have been skyrocketing. We're gonna talk a little bit about what's going on there and what you might expect in the future. We're also gonna get into primarily talking about the pros and cons of a physician loan. LINKS: www.WrenneFinancial.com

Today we have Kathryn Sarnoski filling in for Jon Appino. Kathryn is doing a 3 part series on more common compensation models that out there. LINKS: www.ContractDiagnostics.com

Are you a physician looking to buy a second home? Join us today as I am joined by Doug Crouse and we talk about how physicians can buy a second home. Link to website: https://dougcrousephysicianloans.com/

Today I wanted to give you a quick overview of the difference between getting prequalified and preapproved. Link to website: https://dougcrousephysicianloans.com/

Join me as I talk about non-competes and understanding the difference between term and after term. LINKS: www.ContractDiagnostics.com

Should you pay off debt or invest? It's a straightforward question. Yet, the answer is often not so straightforward and really depends on your situation. In this episode of the Finance For Physicians Podcast, Daniel Wrenne talks to Jeff Wenger about the proper way to think through this question so that you can begin making more educated decisions about debt and investing. Topics Discussed: • Assumptions and Assessment Factors: ◦ What's more important right now—financial independence or flexibility? ◦ Are you saving enough or have enough to invest or pay off debt? ◦ Mitigate Risks: Why consider return rates, interest rates, taxes, cash flow? • Mortgage Myths: Pre-payments can actually create loss of flexibility with funds • Be strategic: Consider refinancing debts to change the variables in your favor • Financial Stress: What makes you happy versus what makes you worry? LINKS: www.WrenneFinancial.com

Today we're gonna talk about signing bonuses, relocation, amounts, maybe student loans, stipends, retention and bonuses. Also money that a company or a hospital or a practice would give you to sign a contract and move to work with them. LINKS: www.ContractDiagnostics.com

Are you buying or renting? What are the perks of being a homeowner? Think through and focus on both financial and non-financial reasons. In this episode of the Finance For Physicians Podcast, Daniel Wrenne talks about the rules of thumb when deciding whether to buy or rent a home. Topics Discussed: • Why buy? Live in it 3-5 years to break even and recoup upfront transaction costs • Why rent? The best option if you plan to live there only a couple of months or years • Numbers: Mortgage closing, realtor commissions, improvement costs, and ROI • Taxes: Deduct ownership expenses; can't deduct property/mortgage insurance • Insurance: Renter's insurance is less expensive than homeowner's insurance • Homeowners' Association (HOA) Fees: Added costs for homeownership • Uncertainty and Overestimation: Bias of living in a home longer than expected • Lifestyle Creep: Living beyond your means and not analyzing home prices • Headache Factor: Rent-not your problem; buy-home ownership increases issues • The joy of Ownership: Cultural and cool factors to owning your own home • Renting: Gets old not being able to do what you want with your place • Rent vs. Buy Examples: ◦ 2362 Heather Way, Lexington, KY ◦ 8704 Grand Ferry Dr., Austin, TX LINKS: www.WrenneFinancial.com

Today I wanted to give you a quick overview of which costs more. I am going to compare for you an $800,000 house and then compare raising rate versus raising prices. Link to website: https://dougcrousephysicianloans.com/

Today Jon Appino and I talk about getting that raise you deserve and understanding if you're getting the correct compensation from your employer. We talk about the differences of pay and how to ask for that raise! Link: https://[email protected]/

Money isn't always the key to happiness. What are the key financial planning processes for using your money to live a better life? In this episode of the Finance for Physicians Podcast, Daniel Wrenne talks with his colleague, Jennifer Quire, a fellow Certified Financial Planner CFP®. As financial planners, Daniel and Jennifer's goal is to help physicians use their money to live better lives. This starts with working through the financial planning process. Listen in to find out what this looks like. Topics Discussed: • What is a financial plan? Roadmap of where you are and want to be • How to create a financial plan? ◦ Organize financial affairs ◦ Clarify values and goals ◦ Analyze options ◦ Decide best path forward ◦ Execute next steps • What's most important to you? Money isn't always the answer • Life Planning Questions: If financially independent… ◦ I want you to imagine that you are financially secure, that you have enough money to take care of your needs, now and in the future. The question is, how would you live your life? What would you do with the money? Would you change anything? Let yourself go. Don't hold back your dreams. Describe a life that is complete, that is richly yours. ◦ This time, you visit your doctor who tells you that you have five to ten years left to live. The good part is that you won't ever feel sick. The bad news is that you will have no notice of the moment of your death. What will you do in the time you have remaining to live? Will you change your life, and how will you do it? ◦ This time, your doctor shocks you with the news that you have only one day left to live. Notice what feelings arise as you confront your very real mortality. Ask yourself: What dreams will be left unfulfilled? What do I wish I had finished or had been? What do I wish I had done? [Did I miss anything]? • Analysis Paralysis: Focus on one thing at a time to make progress • Deadlines: Time gets in the way and people don't like change, ask for help • A financial plan becomes worthless if you never execute on it

Does it matter If you're on a W2 job or a 10 99 independent contractor? Some physicians think one's better than the other. Join me as I discuss the differences between the W2 and 1099. LINKS: www.ContractDiagnostics.com

Do you remember the late Notorious B.I.G.'s song, Mo Money Mo Problems? Physicians can probably relate to it. On the flip side, some people believe that having more money makes you benefit from fewer problems. In this episode of the Finance For Physicians Podcast, Daniel Wrenne talks to Jeff Wenger, a Certified Financial Planner (CFP®), about how making more money often leads to more problems. Topics Discussed: • Does money make you happy? Depends on how you define problems • $1 or $1 Million: More money makes simple things complex choices, decisions • More assets means more checking, savings, credit card accounts go unclaimed • Temptation: Easy to add something, but more painful to take something away • What happens to your money? Be responsible and organized; not out of control • Perceived Target: Doctors are rich, even residents with $400,000 in student loans • Moral of the Story: Use money to improve and have less problems, happier life • Slippery Slopes: Choose wisely between buying nice things or being generous • Time: More money can buy time to prioritize and outsource tasks, responsibilities LINK: www.WrenneFinancial.com

Join me as I talk about financing a second home. With loan level price adjustments added it has just drastically made pricing, meaning rates or closing costs on second homes, considerably worse. Link to website: https://dougcrousephysicianloans.com/

Today we talk about terminating a contact. Jon Appino gives insight on terminating a contract and what to watch out for. Check out his website and learn more in depth about Jon and his team! Link: https://[email protected]/

Today we're talking benefits. So as you look at your contract and you're looking at your benefits that may change year to year, First off. Does it say anything in the contract about benefits? We usually don't see too much in there. We might see something that says you'll be offered benefits. Join me as I discuss more on benefits! LINKS: www.ContractDiagnostics.com

It's that time of year again where many of you are considering giving generously to help others. What are some of the best tax strategies for giving? In this episode of the Finance For Physicians Podcast, Daniel Wrenne talks to Justin Harvey, a fellow Certified Financial Planner (CFP®) and founder of Anesthesia Success—a planning firm and podcast dedicated to helping anesthesia and pain physicians make successful career and financial decisions. Topics Discussed: • Charitably inclined? Uncle Sam encourages contributions to help everyone • Science of Giving: Feels good when faith shapes financial plan/philosophy • Giving Forms: Generously invest time, money, emotion for observable impact • Is giving important? When? Giving imperfectly is better than not giving at all • Standard vs. Itemized Deduction(s): Cultivate desire and mechanics of giving • Charitable Contributions: Change from above- to below-the-line tax deduction • Appreciated Securities: Giving a security that has unrealized taxable gains • Taxable Accounts: Investment account type that has no inherent tax advantage • Donor Advised Fund: Pros and cons of using the DAF strategy for giving • Batched Giving: Strategically think about timing of gift based on tax situation • Internal vs. External Factors: How will tax situations, brackets, policies change? • Tax Impact: Qualified Charitable Distribution vs. Required Minimum Distribution • Private Foundations: Give more meaningfully charitably to express generosity LINKS: www.WrenneFinancial.com

So we've got a quick blurb today on visa physicians and what they need to consider as they look at their employment contract and how they've differ than a traditional W2 physician. Link: www.ContractDiagnostics.com

Come and join us as Jon Appino talks on physician contracts, when to start the process, if you're getting paid enough and what red flags to be on alert about. Jon Appino and his team have been helping physicians for over a decade and they really know there stuff! Check out his website and learn more in depth about Jon and his team! Link: https://[email protected]/

Can money buy happiness? You can have all the money in the world and be completely unhappy. How can they use money and time to live happier lives. In this episode of the Finance for Physicians Podcast, Daniel Wrenne talks to Jeff Wenger, a Certified Financial Planner (CFP®), about the science behind using money and time to attain happiness. In the previous episode, Jeff discussed how physicians can better align time and money management with their values. Topics Discussed: Psychology and the Good Life: Laurie Santos's scientific research on happiness Laurie's Lesson 1: Our minds are really bad at predicting happiness Tangible vs. Intangible Things: What brings you the greatest happiness? Laurie's Lesson 2: Circumstances don't play as big a role as people think they do What drives happiness? 50% genes, 10% circumstances, 40% thoughts, actions, and attitudes Laurie's Lesson 3: Time versus money, which do you value more? Spare Time: Spend money on things that save time for best return on happiness Trade Offs: Delegate to make time and gain back time that brings happiness link: www.WrenneFinancial.com

Today we discuss contracts with Jon Appino as he launches his new segment called Coffee and Contracts. Jon talks about the benefits of automatically renewing your contract. LINK: www.ContractDiagnostics.com

You can have all the money in the world and be completely unhappy. Everybody wants to move closer toward living out their version of an ideal life. Yet, the daily grind we all face tends to push us away from this. In this episode of the Finance for Physicians Podcast, Daniel Wrenne talks with his colleague Jeff Wenger, about how physicians can better align time and money management with their values. Topics Discussed: Where to begin? Start with a plan to align financial actions with values • Two Mindsets: Auto-pilot thinking versus deliberate thinking • Awareness: Start with gaining awareness of your actions • Time and Money Management Exercise: Find ways to track what you've done • Awkward Conversations/Characteristics: Plan for success, write your obituary • Life Planning: Kinder's 3 questions about living out your ideal life • New Day-to-Day Decisions: Say 'no' to things that don't align with your values • Ideal Calendar: Prioritize values by making time and space on your calendar • Should you stay on auto-pilot? No, do something, take action to help your wealth link: www.WrenneFinancial.com

Join me as I discuss interest rates and where they could be headed. As an expert in the industry I will tell you where I think interest rates are headed. Link to website: https://dougcrousephysicianloans.com/