This episode is brought to you by Equity Multiple. Dedicated to assisting physicians in simplifying their investment journey, Equity Multiple enables passive investment in vetted, professionally managed commercial real estate. Learn more at www.equitymultiple.com.

Many physicians are interested in diversifying their portfolio with passive real estate investing. Charles Clinton joins us to talk about the risks and benefits of alternative investments with a crowdfunding platform as both the real estate owner and lender.

We explore how current interest rates are affecting investments, tax benefits of real estate and how fractional real estate ROI is distributed. You can learn more and sign up for free education at www.EquityMultiple.com.

This episode is brought to you by Equity Multiple. Dedicated to assisting physicians in simplifying their investment journey, Equity Multiple enables passive investment in vetted, professionally managed commercial real estate. Learn more at www.equitymultiple.com.

Hey everybody, it's Jon again with Contract Diagnostics. Today, we're diving into the topic of physician burnout and how it's impacting contracts. Employers are now implementing various strategies to combat burnout, such as increased vacation time, support programs for physicians and their families, and more structured work hours. It's crucial to have thorough discussions about your work schedule and support options with your employer.

For any contract-related advice, reach out to us at Contract Diagnostics.

Jon invites individuals to contact Contract Diagnostics through phone, chat, or email for personalized assistance, visit www.ContractDiagnostics.com

This episode is brought to you by Equity Multiple. Dedicated to assisting physicians in simplifying their investment journey, Equity Multiple enables passive investment in vetted, professionally managed commercial real estate. Learn more at www.equitymultiple.com.

** if you didn’t already, tune into the 3 Simple Summer Money Hacks Episode**

James Nutter breaks down a game-changing framework to help physicians achieve their financial goals, adding a powerful fourth step to his previous three summer money habits. James introduces the meaningful goal-setting model, personalized for each physician's unique journey.

He navigates through goal identification, setting smart deadlines, prioritization, and the importance of visualization and accountability. Dive in to discover how to stay financially on track, avoid burnout, and live a fulfilling, present life while aiming for future financial success. Listen for actionable insights and practical advice.

7 Part Meaningful Goal Setting Framework.

1. identify your goals - things you want in life.

   1. Places you want to go

   2. Things you want to do

   3. Things I want to have

   4. next 12 months

   5. next 3 years

   6. next 5 years

2. write them down and share them with others - how much would it cost? vision board.. what am I staring at in the face every day?

3. Identify what challenges could come up

4. set deadlines - if there’s no deadline it’s just a dream

5. prioritize your goals - items of wants and needs in a logical order

6. visualize your goals - picture yourself accomplishing the goal.

7. be persistent

With your new commitment to financial wellness and investing back into yourself what kinds of things do you want more of?

What new lifestyle things will you want?

Investments

Real Estate
Kids College Funds

Retirement planning

Experiences

Loans

Travel

Car

House

Luxuries

Country Club

Training / Events

New Healthy Lifestyle choices - join x gym

What does a meaningful life mean to you?

Cost to create your new meaningful life.

A. Cost to live per month - complete circulatory cash flow system training (use rocket money $8/mo to help you or budget tool in emoney)

B. Current take home monthly income.

C. Difference Between A & B. You either have a surplus or shortage.

D. Monthly Cost to accomplish the goals you wrote above (I.e. $1,000/mo in additional vacation, $600/mo car payment, etc.).

E. Add C&D. Your current need (or deficit) + Your vision.

F. What is your projected future monthly income?

H. Projected Surplus (or shortage). Subtract F minus E.

I. What else would you like to do with your surplus? If you have a shortage, what else can you do to make more money and reach your goals?

Now visualize your meaningful journey. What will life be like at the new level?

Current lifestyle - what does your current life afford you.

Investments

Loans

Retirement funds

Kids college

Real Estae

Car

house

bills

luxuries

vacations

country club

self care

gym

NEW LIFESTYLE - what my life will look like at this level

what will I improve.. what will I do different

Investments

Loans

Retirement funds

Kids college

Real Estate

Car

house

bills

luxuries

vacations

country club

Self care

gym

Advisory services offered through Commonwealth Financial Network®, a Registered Investment Adviser.

This episode is brought to you by Equity Multiple. Dedicated to assisting physicians in simplifying their investment journey, Equity Multiple enables passive investment in vetted, professionally managed commercial real estate. Learn more at www.equitymultiple.com.

In this episode of "A Life Well Lived: A Physician's Guide to Wealth," James Nutter discusses the importance of hiring a financial planner and the different standards that financial advisors are held to.

He emphasizes the fiduciary standard, which requires advisors to act in the best interests of their clients, and contrasts it with the suitability standard, which allows advisors to prioritize their own interests.

Nutter also explains the key licenses and certifications that fiduciary financial advisors should hold. Tune in to learn how to choose the right financial advisor for your needs.

Timestamp

Summary

0:07

Unveiling Financial Advisors' Confidential Earnings and Practices

1:16

How to Decide Whether to be a DIY or Hire a Financial Planner

4:37

Understanding Fiduciary Standards in Financial Planning

10:57

Comparing Fiduciary and Suitability Standards in Advice

12:25

Verifying Financial Advisors' Credentials Through BrokerCheck

13:48

Understanding Fiduciary Financial Advisor Licenses and Certifications

19:43

Choosing the Right Financial Advisory Path

Advisory services offered through Commonwealth Financial Network®, a Registered Investment Adviser.

This episode is brought to you by Equity Multiple. Dedicated to assisting physicians in simplifying their investment journey, Equity Multiple enables passive investment in vetted, professionally managed commercial real estate. Learn more at www.equitymultiple.com.

This week Doug Crouse discusses the importance of managing your funds for closing. It's vital to avoid consolidating money right before closing due to potential bank holds. If you do need to consolidate funds, do it well in advance. Avoid moving large sums into a new bank account without transaction history, as this can appear suspicious and cause delays. Ensure the funds are in an account with established history to prevent issues. Thanks for listening, and we'll talk to you next time.

If you have questions, Doug is available at DougCrouse.com

This episode is brought to you by Equity Multiple. Dedicated to assisting physicians in simplifying their investment journey, Equity Multiple enables passive investment in vetted, professionally managed commercial real estate. Learn more at www.equitymultiple.com.

Jon from Contract Diagnostics provides an update on the FTC's non-compete rulings as of June 5th. The FTC recently voted to eliminate non-competes in the United States, though the decision faces legal challenges. While this affects around 30 million Americans, only about 500,000 to 600,000 are healthcare providers.

Jon outlines key dates and timelines for ongoing legal proceedings and emphasizes the importance of renegotiating contracts proactively. He advises physicians to understand their current agreements and prepare for potential changes, while employers should focus on retaining top talent. For more information and assistance, Jon encourages reaching out to Contract Diagnostics.

Jon invites individuals to contact Contract Diagnostics through phone, chat, or email for personalized assistance, visit www.ContractDiagnostics.com

This episode is brought to you by Equity Multiple. Dedicated to assisting physicians in simplifying their investment journey, Equity Multiple enables passive investment in vetted, professionally managed commercial real estate. Learn more at www.equitymultiple.com.

Where do you start when trying to build wealth? Do you pay off the mountains of debt accumulated through medical school? Do you invest for retirement? What about saving to put the kids through school?

Brian Preston, podcast host of The Money Guy Show, joins us today to talk about his Financial Order of Operations. He recommends systematically working through these 9 steps to secure your financial future.

Brian also talks about his new book called "Millionaire Mission" that just came out on 5/28/24. You can get more free resources for wealth management and learn more about his book at www.MoneyGuy.com.

This episode is brought to you by Equity Multiple. Dedicated to assisting physicians in simplifying their investment journey, Equity Multiple enables passive investment in vetted, professionally managed commercial real estate. Learn more at www.equitymultiple.com.

“Know thyself” – a timeless maxim etched onto the ancient Temple of Apollo in Greece. But what does it truly mean? Join us on a journey of self-discovery as we explore the depths of this profound saying.

There’s a reason why nearly one third of lottery winners go broke within their first 3-5 years.* They were handed millions of dollars vs. growing into someone worthy of becoming a millionaire. There’s a difference. As doctors, your path is unique.

You spent your 20s mastering medicine, not finance or why you are the way you are as a human being. And remember, before influencing others, we must understand ourselves. Reflect on our own money triggers, strengths, and weaknesses. How does your upbringing color your views?

Source: https://www.usatoday.com/story/news/nation/2023/07/19/powerball-mega-millions-winners-instant-billionaire-regrets/70430571007/#:~:text=Nearly%20one%2Dthird%20of%20lottery,Financial%20Planner%20Board%20of%20Standards.

Trying to qualify for PSLF and unsure if you’re on track? Get James’s 100% Public Service Loan Forgiveness Checklist and Masterdashboard. Go to https://info.imwealth.com/pslf to learn more.

Advisory services offered through Commonwealth Financial Network®, a Registered Investment Adviser.