In this episode of the Black Doctors Podcast, Dr. Steven Bradley welcomes back Dr. Brittne Halford and Dr. Altelisha Taylor to discuss financial wellness for physicians. Together, they delve into a comprehensive five-step plan for achieving financial stability and growth, specifically tailored for those in the medical profession.

1. Creating a Vision: The importance of setting clear financial goals and envisioning long-term financial success.

2. Protection with Insurance: Strategies for safeguarding one's financial future through appropriate insurance coverage.

3. Debt Management: Effective techniques for managing and paying off debt, with Dr. Halford sharing her personal experience of eliminating $138,000 in student loans in under three years.

4. Saving: The critical habit of saving 10 to 20 percent of income to build a solid financial foundation.

5. Investments: Starting early with investments, utilizing employer-sponsored retirement plans, and making smart investment choices.

- Dr. Brittne Halford: Offers targeted advice for women in healthcare and shares her journey of rapid debt repayment.

- Dr. Altelisha Taylor: Discusses her transition from a finance career to medicine and the inception of Wealth Minded MD, a venture that merges personal finance expertise with medical careers.

- Investing Strategies: Practical tips for beginning investments and leveraging employer-sponsored retirement plans.

- Credit Card Points: Using credit card points strategically for luxury travel and other benefits.

- Financial Planning: The necessity of financial planning at various stages of a medical career, from medical school to attending physician.

- Intentional Financial Choices: Advocating for deliberate financial decisions to achieve long-term wealth and personal fulfillment.

Connect with Our Guests:

- Dr. Brittne Halford: [Instagram Profile]

- Dr. Altelisha Taylor: [Instagram Profile]

- Wealth Minded MD

If you found this episode helpful, please subscribe, rate, and review the Black Doctors Podcast. Join us next week as we continue to explore essential topics for healthcare professionals.

Interested in starting a podcast? Check out Riverside for your remote recording needs: RIVERSIDE.FM

If you enjoyed this episode, please share with a friend and leave a comment and rating on iTunes. TBDP is a volunteer passion project with the goal of inspiring all who listen.

Inhouse music and audio production, so any ideas for improvements or suggestions for future guests are welcome. Visit www.StevenBradleyMD.com to learn more about our host. He is available for consultations or speaking engagements regarding health equity and medical ethics.

Hosted on Acast. See acast.com/privacy for more information.

This week's episode starts out with a brief summary of some current events in medicine: Xenotransplantation, the transplantation of organs or tissues from one species to another, offers a potential solution to the shortage of human organs for transplant. Recent breakthroughs, including the first genetically modified pig kidney transplant, mark significant milestones in the field. Despite past ethical considerations, ongoing research suggests a promising future for xenotransplantation, potentially revolutionizing organ transplantation and offering new hope to patients facing organ failure. Promoting diversity and inclusivity in medicine, along with expert insights on job search strategies for physicians, further enrich discussions on cutting-edge medical topics. Overall, the future of organ transplants holds promise with advancements in xenotransplantation, shaping the landscape of healthcare and providing hope for patients in need.

The episode proceeds to wrap up the conversation we started last week, as Michael Johnson unveils his initiative to demystify physician contracts through an upcoming course, aimed at equipping physicians with the knowledge to proactively navigate contract negotiations. The conversation highlights strategies for negotiating fair terms, especially for women and BIPOC physicians, and explores the shift towards 1099 (independent contractor) statuses, offering insights into financial planning and tax optimization strategies.

As the episode concludes, Dr. Bradley and Johnson underscore the Black Doctors Podcast's role as a catalyst for empowering physicians through knowledge. With Johnson's course on the horizon and their shared insights, the episode stands as a beacon for physicians navigating the complexities of contracts and employment, offering clarity, hope, and direction in the ever-evolving landscape of healthcare.

Do you have questions about starting your attending job hunt or negotiating your first contract? Check out this previous podcast episode featuring Michael Johnson Legal. It’s a great place to start!

Interested in starting a podcast? Check out Riverside for your remote recording needs: RIVERSIDE.FM

If you enjoyed this episode, please share with a friend and leave a comment and rating on iTunes. TBDP is a volunteer passion project with the goal of inspiring all who listen.

In-house music and audio production, so any ideas for improvements or suggestions for future guests are welcome. Visit www.StevenBradleyMD.com to learn more about our host. He is available for consultations or speaking engagements regarding health equity and medical ethics.

Hosted on Acast. See acast.com/privacy for more information.

In this episode of the Black Doctors Podcast, host Dr. Steven Bradley engages in a compelling discussion with contract lawyer Michael Johnson about the future of non-compete clauses, particularly in the context of physician contracts. The conversation begins with an exploration of the recent FTC ruling, which bans non-compete clauses for "almost all employed persons" in the USA, sparking significant interest and debate, especially within the healthcare sector. Johnson offers nuanced insights into the potential impacts of this ruling on physicians, emphasizing the importance of understanding its implementation and legal challenges.

The dialogue delves deeper into the intricacies of non-compete clauses, dissecting their historical context and distinguishing between various legal terms such as non-compete and non-solicit clauses. Johnson's expertise shines as he elucidates the implications of these clauses on physician mobility and practice freedom post-FTC ruling, providing valuable guidance for physicians navigating contract negotiations.

Furthermore, Johnson unveils his initiative to demystify physician contracts through an upcoming course, aimed at equipping physicians with the knowledge to proactively navigate contract negotiations. The conversation highlights strategies for negotiating fair terms, especially for women and BIPOC physicians, and explores the shift towards 1099 (independent contractor) statuses, offering insights into financial planning and tax optimization strategies.

As the episode concludes, Dr. Bradley and Johnson underscore the Black Doctors Podcast's role as a catalyst for empowering physicians through knowledge. With Johnson's course on the horizon and their shared insights, the episode stands as a beacon for physicians navigating the complexities of contracts and employment, offering clarity, hope, and direction in the ever-evolving landscape of healthcare.

Do you have questions about starting your attending job hunt or negotiating your first contract? Check out this previous podcast episode featuring Michael Johnson Legal. It’s a great place to start!

Interested in starting a podcast? Check out Riverside for your remote recording needs: RIVERSIDE.FM

If you enjoyed this episode, please share with a friend and leave a comment and rating on iTunes. TBDP is a volunteer passion project with the goal of inspiring all who listen.

In-house music and audio production, so any ideas for improvements or suggestions for future guests are welcome. Visit www.StevenBradleyMD.com to learn more about our host. He is available for consultations or speaking engagements regarding health equity and medical ethics.

Hosted on Acast. See acast.com/privacy for more information.