최고 Grow Your Wealth 팟캐스트 (2024)

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Episode 129: Investing in Individual Real Estate Syndications vs Real Estate Funds 13:32

3d ago13:32

13:32

Many people are interested in investing in real estate but don’t want the hassle or headaches of being a landlord. This week’s episode talks about how accredited investors can invest passively in real estate syndications or real estate funds. It explains what a real estate syndication represents and compares investing in individual real estate synd…

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Episode 128: Keeping Your Investing Simple: The One Fund or Three Fund Portfolio 20:55

10d ago20:55

20:55

I know everyone does love learning about finances and investing. Some people just want to know what they should invest in. In this episode, I talk about mutual funds that are one stop shopping where a single fun could meet your investment goal as well as putting together a diversified portfolio with three or four different funds. Recommended funds …

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Episode 127: Mindful Spending: Rethinking Needs, Wants, and Money Choices 16:18

17d ago16:18

16:18

When it comes to planning our spending, we often what we need, what we want, and what we can afford. Sometimes, we conflate things we want as things we need but when we step back, we realize a lot of things we feel we need are really things we want. Then there are things we want that we may say we can’t afford. Paula Pant is known for saying “You c…

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Episode 126: A Closer Look at the 403b 20:31

24d ago20:31

20:31

I have often thought of the 403b as being the non-profit version of the 401K but through recent events, I’ve learned some differences that may affect those working at non-profits. This may be especially true if your spouse is a teacher or works for a school system. I found https://403bwise.org/ to be a helpful website. They rate different 403b prov…

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Episode 125: The Gender Pay Gap 17:21

1M ago17:21

17:21

In 2022, women in the United States earn 82 cents for every dollar men earn. This has been called the Gener Wage Gap or the Gender Pay Gap. This gap appears to be potentially higher for women physicians, and persists even after controlling for age, experience, specialty and other factors. Over a simulated 40 year career, women physician are estimat…

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Episode 124: Your Second Job: Taking Ownership of Your Financial Future 19:30

1M ago19:30

19:30

This week’s episode comes from a talk I gave at the Women in Ophthalmology Conference. I was given the choice to speak on any financial topic as part of a financial wellness panel but with a very limited time of 8 minutes. I thought really hard about what would be the most important message I could deliver in 8 minutes and when it came down to it, …

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Episode 123: Financial Freedom through Entrepreneurship with Dr. Una 18:46

2M ago18:46

18:46

Dr. Nneka Unachukwu is the founder of EntreMD, a company on a mission to help 100,000 physicians build profitable 7 and 7+ figure businesses so they have the freedom to live life and practice medicine on their terms. She does this through the EntreMD Business School, the only school of its kind for physician entrepreneurs, the EntreMD podcast, a to…

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Episode 122: Withdrawal Methods For Retirement Beyond the 4% Rule 18:43

2M ago18:43

18:43

The 4% rule is probably the most talked about method when it comes to how to plan to withdraw from your retirement portfolio. However, when it comes to actually withdrawing from your retirement portfolio, there are a lot more options, and nuances. If you're not near retirement, why learn about these different methods now? Using different methods ca…

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Episode 121: Testing Your Retirement Portfolio with Monte Carlo Simulations 18:09

2M ago18:09

18:09

No one wants their retirement portfolio to run out of money before they die. Many retirement calculators use static assumptions, like a constant growth rate or inflation rate. The stock market may have average returns of around 10% per year but in any given year, it’s rarely a 10% return. Some years it can be up 18% and other years down 10% or anyw…

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Episode 120: Free Online Retirement Calculators 20:32

2M ago20:32

20:32

The goal of retirement calculators is to help you answer three questions: 1. How much do I need to save and invest for retirement? 2. How much money do I need in my retirement portfolio to retire? 3. How much can I realistically expect to spend once I am retired? In this episode, I review the following free retirement calculators available online. …

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Episode 119: The 4% Rule and How 4% Became the Safe Withdrawal Rate for Retirement 22:56

2M ago22:56

22:56

You may have heard that your retirement portfolio should be 25 times your spending or your income for you to retire. This is actually derived from The 4% Rule, which is the commonly held belief that you an safely withdrawal 4% from your retirement portfolio invested in stock and bonds and not run out of money before you die. In this episode, I look…

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Episode 118: Retirement is Not an Endless Vacation 11:51

3M ago11:51

11:51

Summer vacation is coming to an end. While physicians don’t get summer vacation like students and teacher do, we may think that vacation will come when we retire. While the first few months, or even years, or retirement might feel somewhat like vacation, retirement is not an endless vacation. In this episode, I talk about Ty Bernicke, a Certified F…

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Episode 117: Investing vs Paying Down Debt 20:13

3M ago20:13

20:13

This episode is really targeting to those physicians who have recently finished training but will be helpful to anyone who is debating between deciding to pay down debt versus investing. There are multiple factors when it comes to figuring out the best place to put your money. When looking at whether to pay down debt, things to consider include the…

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Episode 116: Qualified vs Non-Qualified Dividends and How They Are Taxed 12:57

3M ago12:57

12:57

Qualified dividends are taxed at a lower rate, similar to capital gains tax whereas non-qualified dividends are taxed at the ordinary income tax rate. This episode goes into detail what makes a dividend considered qualified to help you make choices to lower how much you ultimately pay in taxes. Please subscribe and leave a review on your favorite P…

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Episode 115: Capital Gain Taxes 13:48

3M ago13:48

13:48

Whenever there is money to be made, Uncle Sam wants his cut. Part of building wealth is learning the rules to legally decrease what you pay to Uncle Sam. In this episode, I talk about Capital Gains Tax, which is the tax on any profit from selling an asset. By holding on to an asset for over a year (366 days), the profit from the sale of the asset i…

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Episode 114: How much can you really save by adjusting your thermostat? 11:36

4M ago11:36

11:36

With climate change, there have been more heat waves. This lead me to thinking about our use of air conditioning and the cost associated with it. In this episode, I talk about how much energy and money is saved by setting the thermostat to a warmer temperature in the summer and cooler temperature in the winter. This could be done all the time, or o…

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Episode 113: Transitioning from Guaranteed Salary to Compensation Based on Productivity 17:06

4M ago17:06

17:06

Depending on your job situation, there’s a good chance that at some point, you may switch from a guaranteed salary to being paid based on your productivity. The productivity may be based on Revenue Value Units/RVUs or collections. Many people, and probably more so trainees looking at their first position post medical training, focus on the salary o…

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Episode 112: The Journey to Financial Independence 17:45

4M ago17:45

17:45

Many people tend to think of Financial Independence as a static goal, achieving some magical number in net worth or passive income that means you don’t have to work for money anymore. However, many people will push the goal post once they achieve their number, feeling like they need more. I see financial independence more as a journey with differen…

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Episode 111: Changes In Realtor Commissions with Samantha Chin 27:28

4M ago27:28

27:28

You may have heard that the National Association of Relators was sued by a group of homeowners earlier this year and the outcome of the lawsuit was a settlement included a changes to relator compensation. Traditionally, when you sell a piece of property through a relator, the seller pays both the seller’s agent and the buyer’s agent anywhere betwee…

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Episode 110: Are Physician Medical Surveys a Potential Additional Income Stream? 22:43

5M ago22:43

22:43

In the quest to build multiple income streams, is doing physician surveys something to consider? In this episode, I discuss my own experience with medical surveys as well as the experience of Dr. Rikki Racela, who wrote a blog article entitled “How I made $30,000 Taking Doctor Surveys” (You can read the blog article for yourself at https://www.whit…

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Episode 109: A Look into the US Social Security Program 21:46

5M ago21:46

21:46

What do you actually know about the Social Security Program and what kind of benefits you may possibly receive from Social Security? If you are like me, not all that much. You may know that you pay taxes to Social Security and may think it’s unlikely you’ll get much payout or all those taxes that you have paid over your entire working life. I spent…

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Episode 108: Check Your Contract for Three Items When You Start Thinking of Changing Jobs 17:45

5M ago17:45

17:45

Employment contracts layout the terms of employment and generally layout the terms for what can cause termination of employment as well as any consequences that result from termination of employment. If you are considering leaving your current job for another job, then you will want to find your current employment contract and review what you previ…

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Episode 107: High-Cost Medications and the Co-Pay Accumulator Policy with Dr. Celine Lee 44:19

5M ago44:19

44:19

If you, any of your family members, friends, or patients are taking a very expensive medication for which a coupon card or program is being used for assistance to pay for the medication, you will want to tune in to learn about the Co-Pay Accumulator Policy. Dr. Celine Lee, a rheumatologist practicing in the state of Utah, explains what the Co-Pay A…

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Episode 106: Be the Bank: Investing Through Private Lending and Lending Funds 22:05

5M ago22:05

22:05

Private lending offers possible stock like returns over a short term time horizon while being uncorrelated with the activity of the stock market. There is thought to be a higher level of risk compared to investments like CDs or government bonds, but these investments can be backed by hard assets like real estate, and thus lowering the risk. Sound i…

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Episode 105: Gift Tax and How to Gift More Than the Annual Exclusion Limit 10:38

6M ago10:38

10:38

You may know that there is a limit to monetary gifts you can give to anyone other than your spouse in a calendar year, currently $18,000 in 2024. While $18,000 in gifts is a generous some, what if you want to give more? This often happens with people who want to help their adult children, whether it’s to help them buy a home, chip in for a wedding,…

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Episode 104: Where to Put Cash and Short Term Investments 17:27

6M ago17:27

17:27

When you have a long investing horizon of 5 years or more, there are many options for investments with potentially high returns. What about when you have a shorter time horizon? They may be saving for a downpayment on a house to purchase in the next 2-3 years or for a specific dream vacation. Or it may be money that you are setting aside for the ne…

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Episode 103: What to know about 457 plans 13:57

6M ago13:57

13:57

Depending on where you work, you may have the ability to invest in a 457 plan. 457 plans are another type of retirement account where money can grow tax free similar to a 401K or 403B but there are some important differences compared to 401Ks and 403Bs. Depending on your employer, it may not be a good idea to invest within their 457 plan. Generally…

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Episode 102: Stagnation Inflation Stagflation: What it means and what to do about it 13:38

6M ago13:38

13:38

If you've been listening to business or financial news, you may be hearing the term Stagflation. Stagflation is the combination of stagnation and inflation describing a period of low growth with high inflation. There are concerns that we are headed towards stagflation. What does that mean and what can you do to protect yourself? Tune in to learn mo…

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Episode 101: Choosing Autonomy Over Money with Dr Shanika Esparaz 32:02

7M ago32:02

32:02

Shanika Esparaz, MD is a medical retina specialist with board certifications in both ophthalmology and lifestyle medicine. In this episode, we talk about how starting a direct specialty practice and developing that entrepreneurial mindset as well as the finances behind starting a practice. You can find Dr. Shanika at Instagram link: https://www.ins…

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Episode 100: Defining Wealth 10:52

7M ago10:52

10:52

Wow, what a milestone! 100 episodes of The Grow Your Wealthy Mindset Podcast! If you have listened to all 100 episodes, you have hopefully learned a lot about personal finances and investing. Learning is a great first step, but you need to take action to create your version of a wealthy life. What does it really mean to be wealthy? It’s a topic I e…

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Episode 99: Employer Sponsored Retirement Accounts: 401(k) and 403(b) Plans 25:05

7M ago25:05

25:05

Pension plans and defined benefits plans are becoming more scarce and 401(k) and 403(b) and other types of defined contribution plans have become the norm. In this episode, I start with a brief summary of the history behind funding retirement before I dive deeper into the most common type of retirement plans currently available to W-2 employees. Th…

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Episode 98: Has the time come for using Robo-Advisors for investing? 12:40

7M ago12:40

12:40

Artificial Intelligence is getting better and better. What does that mean for robo-advisors, or using programing and technology instead of a human financial advisor? Wealthfront and Betterment were the first two large platforms to offer robo-advisors services. Now Vanguard, Fidelity, and Charles Schwab are offering robo-advisor services. This episo…

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Episode 97: Getting More High Fixed Interest Rate I-bonds 17:31

8M ago17:31

17:31

I-bonds purchased between Nov 1, 2023 and April 30, 2023 have a fixed interest rate of 1.3%, the highest fixed rate in 15 years. Combined with the inflation rate, they are paying 5.27%. If you've ever been interested in buying I-bonds, now is the time. If you don't particually want more I-bonds in your portfolio but you have I-bonds previously purc…

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Episode 96: Self Directed Retirement Accounts 17:32

8M ago17:32

17:32

How did Mitt Romney amass $20-100 Million in his IRA? In this episode, I introduce self-directed retirement accounts, what they are and what they are used for. Please subscribe and leave a review on your favorite Podcasting platform. If you want to start your path to financial freedom, start with the Financial Freedom Workbook. Download your free c…

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Episode 95: My Own Personal Money Scarcity 35:21

8M ago35:21

35:21

This week’s episode is a really personal one where I share how recently, a lot of money scarcity has been coming up in my life and how I’ve been working through it. Its really a raw episode, me talking while I'm in the thick of it, with minimal editing. (mostly to take out long pauses) Please subscribe and leave a review on your favorite Podcasting…

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Episode 94: Adding International Index Funds to Diversify Your Investment Portfolio 13:15

8M ago13:15

13:15

There are those who believe that investing in the United States stock market is all the diversification you need for your stock portfolio. Some even limit themselves to the S&P 500 Index fund while other go with the total US stock market. This week’s episode talks about adding international stock exposure to your portfolio. Please subscribe and lea…

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Episode 93: 2023 Tax Update 12:42

9M ago12:42

12:42

In this episode, I review updates with filing taxes for 2023 as well as discussing different tools and help offered by the IRS to get your taxes done. The standard deduction for 2023 is $13,850 for single or married filing separately and $27,700 for a married couple filing jointly. To create an account to pay your taxes online or set up a payment p…

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Episode 92: More Differences Between Tradtional and Roth Retirement Accounts 11:08

9M ago11:08

11:08

This is a follow-up episode from last week, so if you haven't listened to Episode 91: Choosing Between Traditional or Roth Retirement Accounts, I would encourage you to do that first. Last week I centered the discussion around marginal tax rates. This week, I review factors like age and timelines as well as planning if you want to leave your retire…

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Episode 91: Choosing Between Traditional or Roth Retirement Accounts 18:01

9M ago18:01

18:01

More employers are offering the choice between a Traditional 401K or 403B and a Roth 401K or 403B. How do you choose which one is best for you? Unlike with the choice for which IRA to use (the backdoor Roth IRA is the clear winner for physicians), deciding between for 401Ks or 403Bs involve more thought. The hardest part of making the decision is p…

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Episode 90: Optimizing Your Banking 19:20

9M ago19:20

19:20

Our society is increasingly become cashless and most of use rarely use actual money. We have money electronically transferred in and out of our bank accounts. So what does this mean for banking and how can you optimize your banking? Tune in to learn more. If you have ever thought of being an entrepreneur, then you definitely want to attend the Leve…

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Episode 89: The Rise of Capital Calls in Real Estate Syndication Investments 14:10

9M ago14:10

14:10

If you invest in real estate syndications, you may have gotten notice about a capital call. Capital calls for real estate syndications have been on the rise in the last year. This week’s episode discusses possible causes for the increase in capital calls. Registration is now open for the Leverage and Growth Summit, which will be February 26 to Marc…

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Episode 88: Shifting from Scarcity to Abundance with Dr. Liz Aguirre 42:49

10M ago42:49

42:49

Dr. Liz Aguirre is a remarkable women. She grew up in poverty without reliable access to food or shelter and is now a mom, wife, and a physician with passion for person-centered health. We talk about how she grew her wealthy mindset and how coaching has assisted that journey. I am so lucky to have great clients like Dr. Liz. You can find Liz Aguire…

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Episode 87: New Filing Requirement for All Corporations and LLCs 20:03

10M ago20:03

20:03

The Corporate Transparency Act, which was passed as part of the National Defense Authorization Act for Fiscal Year 2021, introduced new reporting requirements for businesses in the United States, specifically focusing on beneficial ownership. This episode details who needs to file a Beneficial Owner Information Report, what information is collected…

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Episode 86: Setting Goals and Getting to Antarctica 23:51

10M ago23:51

23:51

Many people set goals or New Year resolutions around this time for the year ahead, and then never look at those goals again. In this episode, I talk about my thoughts and approach to goal setting as well as some goals I set over a decade ago that I recently accomplished. Please subscribe and leave a review on your favorite Podcasting platform. If y…

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Episode 85: A Practical Guide to Treasury Investments 15:54

10M ago15:54

15:54

Treasuries are considered one of the safest investments out there as they are backed by the full faith and credit of the US government. They can be directly purchased at TreasuryDirect.gov as well as bought and sold on the secondary market. Yet Treasuries are often overlooked by the individual investor compared to CDs (certificate of deposits). Thi…

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Episode 84: The Life Planning Approach to a Wealthy Life with Dr. Weili Gray 43:21

11M ago43:21

43:21

A lot of physicians, including Elisa, love to travel. Dr. Weili (pronunced "Way Lee") Gray, host of the Dare to Dream Physician Travel Podcast talks about her journey from burnout to life planning to traveling around the world while still enjoying working as a physician. A pivoting point in Weili’s life was when she volunteered at a conference for …

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Episode 83: Strategies for Building a Strong Credit Score 18:17

11M ago18:17

18:17

Depending on background and circumstances, building a strong credit score may have come naturally or more be more difficult. It can certainly be more difficult to those who come to the United States, especially from countries that don’t use a lot of credit. In this episode, I discuss what goes into determining credit scores and how anyone can build…

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Episode 82: Getting out of Credit Card or Consumer Debt 15:09

11M ago15:09

15:09

During this time of year, there are some people who do a lot of spending. While physicians tend to be considered good credit risks, there are some physicians who find themselves with credit card or consumer debt. While student loan debt doesn’t generally carry a feeling of shame, credit card debt can which means it may not be talked about. This epi…

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Episode 81: Gift Giving and Spending with Elisa and husband Nathan 39:51

11M ago39:51

39:51

I tend to space out episodes with guests but this week, I’m breaking that trend. This episode was created spontaneously after Nathan and I started having a conversation that seemed like it would be relevant for the podcast. We’ve been married for 23 years, and together for 26 years so it’s a lot of time to reflect on. I’m really curious to get your…

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Episode 80: Growing a $330M Mindset with Dr. Elaine Stageberg 40:48

12M ago40:48

40:48

Elaine Stageberg, MD is a trained psychiatrist, who alongside her husband Nick, built a real estate empire valued at over $330M. Elaine and Nick founded Black Swan Real Estate where they started with single family homes and have since expanded to much larger projects. None of this was handed down to them by their families. Tune in to learn more abo…

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