#studentloans

Feb 20
2 min

DM 60 - How To Save For Emergency Funds

Here’s some quick financial things you can do to start out 2023 right. Hey, it’s Jon, welcome to today’s Didactic Minute. Today I wanted to give you just a couple of things that could maybe set your 2023 to be better than 2022; just a little bit financially and every little bit helps, as we know. So, I’ve said this before in our workshops that there are things you can do during residency and fellowship that can actually make a positive impact on your attending years and the r

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FMD

Jun 18, 2022
2 min

Didactic Minute: 2 Minutes on Life Insurance

Hi, it's Jon from Financial MD with today's Didactic Minute. As you can see, I’m outside, taking a walk. It's nice, but it's also because this is pretty much the only thing we can do right now, and it's the only way for me to work from home and record a video without my 4 children running around, trying to beat me up and pretty much destroying the entire house. So, a little more peaceful outside. And that kind of brings me to my topic today, life insurance. Do you need it as

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FMD

Mar 24, 2022
2 min

DM 50 - Do Residents Need A Will

Do residents need a will? It's Jon from Financial MD, welcome to today’s Didactic Minute. That’s a great question. We get it a lot with our clients, at our resident workshops that we do – all over the place – and understanding it’s a greater concept that encompasses estate planning. What is estate planning? It’s a lot of things. It’s a will, it’s a trust, it’s neither of those things. The general default for estate planning, depending on the State that you’re in, is your stuf

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FMD

Sep 6, 2021
23 min

The FinancialMD Show - Ep 004 - Investing for Residents

https://financialmd.com/wp-content/uploads/2021/06/The-FinancialMD-Show-Ep-004-Investing-for-Residents-61221-9.09-AM.mp3 Podcast: Play in new window | Download (Duration: 35:06 — 16.1MB) Subscribe: Google Podcasts | RSS | More Summary: Financial MD Gives Useful Financial Information to Residents And Young Physicians [0:03:05] The Big Picture In Investing [0:04:31] Describe Financial Planning [0:08:21] It’s Not What You Make, It’s What You Keep [0:09:21] What Are The Four Diff

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FMD

Jul 19, 2021
25 min

The FinancialMD Show - Ep 003 - How To Budget As a Resident

https://financialmd.com/wp-content/uploads/2021/06/The-FinancialMD-Show-Ep-003-How-To-Budget-As-a-Resident-61121-3.43-PM.mp3 Podcast: Play in new window | Download (Duration: 39:28 — 18.1MB) Subscribe: Google Podcasts | RSS | More Summary: Budgeting Basics [0:03:18] Trevor’s Expense Perspective Before and After Med School and Residency [0:04:43] Tracking expenses: Mint/Dave Ramsey Envelope System [0:07:35] Enjoy The Things That You Enjoy Including Spending Money [0:10:06] Geo

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FMD

Jun 16, 2021
20 min

The FinancialMD Show – Ep 002 – An Inside Scoop on Student Loans

https://financialmd.com/wp-content/uploads/2021/06/The-FinancialMD-Show-Ep-002-An-Inside-Scoop-on-Student-Loans-61121-3.48-PM.mp3 Podcast: Play in new window | Download (Duration: 49:44 — 22.8MB) Subscribe: Google Podcasts | RSS | More Summary: Federal Loans Highest Around 2010 To 2014 At 6.8 Percent [0:03:21] Independent Companies For Refinancing – Link Capital, iCapital, SoFi [0:04:00] Why Not PSLF? [0:06:00] What If There Will Be Changes In The PSLF Down The Road? [0:10:47

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The FinancialMD Show - Ep 001 - What is FinancialMD?

FMD

Dec 17, 2020
26 min

The FinancialMD Show - Ep 001 - What is FinancialMD?

https://financialmd.com/wp-content/uploads/2020/12/What-is-FinancialMD-EP-1-The-FinancialMD-Show.mp3 Podcast: Play in new window | Download (Duration: 42:27 — 23.4MB) Subscribe: Google Podcasts | RSS | More Residents need help, too – that’s why we started FinancialMD! Jon is a financial planner, and Trevor is a doctor, and together they give you the breakdown of what FinancialMD is and how it helps residents. Here’s a hint – there are things residents can do TODAY. That can m

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Didactic Minute: How to Find High Interest Accounts?

FMD

Dec 14, 2020
1 min

Didactic Minute: How to Find High Interest Accounts?

Hey, it’s Jon for today’s Didactic Minute. Today, I want to tell you where to find the best interest rates on savings accounts for that emergency fund. Now we’ve taught you before, a good emergency fund has three to six months of your fixed expenses, okay. So if you don’t know what that number is, do your budget, figure that out what’s three to six months of your fixed expenses. Now we’ve always told you that a savings account is the best place to put it. It still is. You don

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Didactic Minute: What is a Back Door Roth?

FMD

Dec 2, 2020
2 min

Didactic Minute: What is a Back Door Roth?

Hey, it’s Jon from Financial MD. Welcome to today’s Didactic Minute. One of the most common questions I get outside of student loans, of course, is what is a backdoor Roth? You hear about it in all the blogs and all the articles that are focused on physicians, but what is it really? Most of you guys know what a Roth IRA is, okay. It’s a good thing that we often suggest you do during residency because that’s a time when your income is low enough to actually do it, but a backdo

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Didactic Minute: How Will Student Loan Forgiveness Actually Help the Economy?

FMD

Nov 25, 2020
2 min

Didactic Minute: How Will Student Loan Forgiveness Actually Help the Economy?

Hey, it’s Jon from Financial MD. Welcome to today’s Didactic Minute. Today, we’re going to talk again about student loan forgiveness – now, not necessarily Public Service Loan Forgiveness, the PSLF that we’re always talking about that would affect a ton of physicians – but it’s the student loan forgiveness that the Biden administration is going to start talking about. Looks like he’s going to be the president. He’s starting to put together his cabinet and looking at the polic

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FMD

Nov 4, 2020
2 min

DM 24 - Other Great Financial Resources

Hey, it’s Jon from Financial MD. Welcome to today’s Didactic Minute. Today, I wanted to take just a minute and give you some additional resources you can go to for some good financial literacy tips for physicians. Number one, of course, The White Coat Investor. He’s probably set himself out as the expert when it comes to financial direction for physicians and trying to make sure they’ve got good information to make good financial decisions. But did you know that he’s got a bo

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