As the year comes to a close, it’s time to make sure your finances are in order before December 31st. In this episode, we go over a practical year-end checklist designed specifically for physicians to help you save money, reduce taxes, and start the new year on solid financial footing.

We’ll cover:

• How to maximize retirement contributions and employer matches
• Smart ways to use your CME funds and professional allowances before they expire
• Tax strategies to consider before year-end, including charitable giving and tax-loss harvesting
• What to check with your HSA, FSA, and dependent care accounts
• Reviewing your investments, insurance coverage, and financial goals for the new year

This episode will help you finish the year strong—organized, confident, and ready to make the most of your money in the year ahead.

Please subscribe and leave a review on your favorite Podcasting platform.

Get 12 Financial Mistakes that Keep Physicians from Building Wealth at https://www.growyourwealthymindset.com/12financialmistakes

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

Dr. Elisa Chiang is a physician and money coach who helps other doctors reach their financial goals by mastering their money mindset through personalized 1:1 coaching .

You can learn more about Elisa at her website or follow her on social media.

Website: https://ww.GrowYourWealthyMindset.com

Instagram https://www.instagram.com/GrowYourWealthyMindset

Facebook https://www.facebook.com/ElisaChiang

https://www.facebook.com/GrowYourWealthyMindset

YouTube: https://www.youtube.com/c/WealthyMindsetMD

Linked In: www.linkedin.com/in/ElisaChiang

Disclaimer: The content provided in the Grow Your Wealthy Mind...

This is the 11th episode that comes from the book The How of Happiness by Dr. Sonja Lyubomirsky. This week, we look at how faith and spirituality can influence happiness, health, and resilience.

Whether you identify with a particular faith, consider yourself spiritual but not religious, or approach life from a secular perspective, this episode invites reflection on how connecting with something larger than yourself can enhance happiness and resilience.

Tune in to learn:

• Why research suggests religious people tend to be happier and healthier
• How community and connection play a key role in well-being
• Ways to incorporate spirituality or mindfulness into daily life
• How seeking meaning and purpose contributes to long-term happiness

Even if religion isn’t part of your life, this episode offers insight into how meaning, connection, and purpose—universal human experiences—can help all of us grow our wealthy mindset.

Please subscribe and leave a review on your favorite Podcasting platform.

Get 12 Financial Mistakes that Keep Physicians from Building Wealth at https://www.growyourwealthymindset.com/12financialmistakes

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

Dr. Elisa Chiang is a physician and money coach who helps other doctors reach their financial goals by mastering their money mindset through personalized 1:1 coaching .

You can learn more about Elisa at her website or follow her on social media.

Website: https://ww.GrowYourWealthyMindset.com

Instagram https://www.instagram.com/GrowYourWealthyMindset

Facebook https://www.facebook.com/ElisaChiang

https://www.facebook.com/GrowYourWealthyMindset

YouTube: https://www.youtube.com/c/WealthyMindsetMD

Linked In: www.linkedin.com/in/ElisaChiang

Disclaimer: The content provided in the Grow Your Wealthy Mind...

Episode: Sunk Costs, Opportunity Costs, and Thinking in Terms of Expected Value

Have 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 with a struggling investment, or stay in an unfulfilling job.

You’ll learn:

• What the sunk cost fallacy is—and how it sneaks into your investing and daily choices
• Why we often “throw good money after bad” and how to stop doing it
• How opportunity costs help you see what you could be gaining elsewhere
• How to use expected value thinking to make smarter, more objective decisions
• Real-life examples from investing, research projects, and career choices

Understanding these concepts can help you step back, evaluate your options more clearly, and walk away from what’s no longer serving you—financially or personally.

Mentioned in this episode:

• Quit: The Power of Knowing When to Walk Away by Annie Duke
• Thinking in Bets: Making Smarter Decisions When You Don’t Have All the Facts by Annie Duke

Please subscribe and leave a review on your favorite Podcasting platform.

Get 12 Financial Mistakes that Keep Physicians from Building Wealth at https://www.growyourwealthymindset.com/12financialmistakes

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

Dr. Elisa Chiang is a physician and money coach who helps other doctors reach their financial goals by mastering their money mindset through personalized 1:1 coaching .

You can learn more about Elisa at her website or follow her on social media.

Website: https://ww.GrowYourWealthyMindset.com

Instagram https://www.instagram.com/GrowYourWealthyMindset

Facebook https://www.facebook.com/ElisaChiang

https://www.facebook.com/GrowYourWealthyMindset

YouTube: https://www.youtube.com/c/WealthyMindsetMD

Linked In: www.linkedin.com/in/ElisaChiang

Disclaimer: The content provided in the Grow Your Wealthy Mind...