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Finding Financial Freedom with The Frugal Physician

By: Dr. Disha Spath MD FACP
  • Summary

  • Financial Freedom and Peace of Mind. For all of us. A podcast by The Frugal Physician for healthcare professionals looking to get their financial house in order and design their ideal lives.
    2023
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Episodes
  • Ep55: The Lucrative Nonclinical Careers Every Doctor Should Know
    Jun 7 2024

    Dr. Sylvie Stacy shares her insights from her books, "50 Nonclinical Careers for Physicians" and "50 Unconventional Clinical Careers for Physicians," highlighting various career paths that offer financial independence and work-life balance. The conversation covers Dr. Stacy's personal journey, the value of diverse skill sets, and actionable advice for physicians considering a career change.

    More on Dr. Sylvie Stacy:

    Dr. Sylvie Stacy is a trailblazing physician who has made a name for herself by exploring and advocating for unconventional career paths in medicine. As a preventive and addiction medicine specialist, Dr. Stacy has carved out a unique niche, helping physicians navigate away from traditional roles and towards fulfilling, financially rewarding alternatives.

    Dr. Stacy is the author of two influential books, "50 Nonclinical Careers for Physicians" and "50 Unconventional Clinical Careers for Physicians." These comprehensive guides provide invaluable insights and practical advice for medical professionals seeking to diversify their careers and achieve financial independence.

    Her journey began during medical school when she realized that the conventional path of patient care wasn't a perfect fit for her. This led her to preventive medicine, where she found a better alignment with her skills and interests. Dr. Stacy's career has since spanned various roles, including corporate medical director in correctional medicine, where she balanced clinical care with administrative responsibilities.

    Dr. Stacy is passionate about helping physicians recognize the broad extent of their skills and the multitude of career opportunities available to them. She believes in the power of proactive career planning and encourages doctors to explore nonclinical roles that align with their values and lifestyle goals.

    Beyond her books, Dr. Stacy shares her expertise and insights through speaking engagements, workshops, and her active presence on LinkedIn, where she continues to inspire and guide physicians toward diverse and rewarding career paths.

    HIGHLIGHTS

    [00:00:00] Introduction to the episode and guest, Dr. Sylvie Stacy.

    [00:01:00] Dr. Stacy's journey and inspiration behind her books.

    [00:03:00] Overview of preventive medicine and its nonclinical aspects.

    [00:06:00] Dr. Stacy's experience in correctional medicine.

    [00:08:00] Highlighting effective nonclinical roles in the pharmaceutical industry.

    [00:10:00] Discussion on the impact and value of nonclinical roles.

    [00:12:00] Encouraging physicians to recognize their broad skill sets.

    [00:14:00] Finding job postings for nonclinical and unconventional careers.

    [00:16:00] Success stories of physicians transitioning to new roles.

    [00:19:00] Advice on overcoming the fear of leaving full-time clinical roles.

    [00:21:00] Rapid-fire round: Evaluating career options based on financial success and work-life balance.

    [00:24:00] Closing thoughts and where to find Dr. Stacy’s books.

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    👋 This episode is sponsored by PearsonRavitz – helping physicians safeguard their most valuable assets.

    —---

    Also sponsored by Equity Multiple - EquityMultiple brings you streamlined access to transformative real estate, starting with just $5k. Get started at equitymultiple.com.

    —---

    If you enjoyed the show, find and follow Dr. Disha everywhere else:

    Twitter

    Website

    Facebook

    The Frugal Physician’s Facebook Group

    YouTube

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    Please note: The content shared on the podcast is for informational purposes only and should not be considered individualized financial advice. It is essential to consult with professionals such as accountants, financial advisors, or attorneys to receive personalized guidance based on your specific needs.

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    31 mins
  • Ep54: Dr. Shaun McKee’s Secrets to Ageless Energy
    May 31 2024

    Dr. Shaun McKee, a neuroradiologist with 33 years of experience, shares her journey of thriving in a demanding career while pursuing her passions in endurance sports and wellness. She delves into common health concerns for women over 40, offering practical tips on exercise, nutrition, and skincare. Dr. McKee emphasizes the importance of delegation, continuous learning, and creating income streams that align with personal values. Her story is a testament to the power of balancing professional responsibilities with personal passions, providing valuable insights for listeners seeking financial and personal fulfillment.

    More on Dr. Shaun McKee:

    Dr. Shaun McKee is a seasoned neuroradiologist with over three decades of experience. She has served as the Chief Resident at the University of Florida and Chief of Neuroradiology at Kessler Air Force Base. Beyond her medical career, Dr. McKee is a two-time Ironman triathlete and an ultra-marathoner. She is married to a gastroenterologist, has two adult sons, and is a proud dog mom. Dr. McKee is the founder of VitalityMD, a platform dedicated to helping health-minded women over 40 regain their energy and vitality. Her multifaceted life embodies the balance of professional excellence and personal wellness.

    HIGHLIGHTS

    [00:00:00] Introduction by Dr. Disha Spath: Welcoming Dr. Shaun McKee and setting the tone for the episode.

    [00:01:00] Dr. McKee's Background: Overview of Dr. McKee’s career in neuroradiology and her personal life.

    [00:02:00] Balancing Career and Sports: Dr. McKee discusses how she juggles her medical career with Ironman training.

    [00:03:00] Endurance Sports Journey: Dr. McKee shares her journey into endurance sports and its impact on her life.

    [00:04:00] Health Concerns for Women Over 40: Common issues and practical solutions for maintaining health and vitality.

    [00:05:00] Exercise Tips: Recommendations for effective and manageable exercise routines.

    [00:07:00] Sleep and Nutrition: Importance of sleep hygiene and nutrition for overall wellness.

    [00:08:00] Skincare Tips: Advice on skincare regimens and the importance of clean, non-toxic products.

    [00:12:00] Transition to Wellness: Dr. McKee’s shift from a full-time medical career to a focus on wellness.

    [00:22:00] Delegation Strategies: Insights into effective delegation and managing multiple responsibilities.

    [00:30:00] Financial Journey: Discussion on Dr. McKee’s financial journey and income diversification.

    [00:35:00] Final Thoughts: Dr. McKee’s parting advice on taking time for self-care and pursuing passion-driven income streams.

    —---

    👋 This episode is sponsored by PearsonRavitz – helping physicians safeguard their most valuable assets.

    👋 Also sponsored by Equity Multiple - EquityMultiple brings you streamlined access to transformative real estate, starting with just $5k. Get started at equitymultiple.com.

    —---

    If you enjoyed the show, find and follow Dr. Disha everywhere else:

    Twitter

    Website

    Facebook

    The Frugal Physician’s Facebook Group

    YouTube

    -----------

    Please note: The content shared on the podcast is for informational purposes only and should not be considered individualized financial advice. It is essential to consult with professionals such as accountants, financial advisors, or attorneys to receive personalized guidance based on your specific needs.

    Show More Show Less
    41 mins
  • Ep53: This Couple Escaped Debt and Built a $1.4M Real Estate Empire
    May 24 2024

    Dr. Disha interviews Ali and Josh, the dynamic duo behind The FI Couple. They discuss their transformation from living paycheck to paycheck with over $100,000 in debt to becoming successful real estate investors with a $1.4 million portfolio.

    They share insights into their real estate strategies, including house hacking and seller financing, and the balance between paying off debt and investing. The couple also talks about their social media platform, The FI Couple, which educates and inspires others to achieve financial independence. Their story is a testament to the power of perseverance, strategic planning, and community support.

    More on The FI Couple, Ali and Josh:

    Ali and Josh are the creators of The FI Couple, a platform dedicated to helping everyday people achieve financial independence through real estate investing and smart financial strategies. After starting their married life with over $100,000 in debt and working low-paying jobs, they discovered real estate investing as a path to financial freedom. They have since built a $1.4 million real estate portfolio, left their 9-to-5 jobs, and now educate others on personal finance and real estate through their social media channels and community. Ali and Josh live in Upstate New York and are passionate about helping others improve their financial situations.

    HIGHLIGHTS

    [00:01:00] - Allie and Josh's financial struggles and the turning point.

    [00:03:00] - Their first conversation about finances during wedding planning.

    [00:06:00] - Discovering Dave Ramsey and the fire movement.

    [00:07:00] - Transitioning from Dave Ramsey to real estate investing.

    [00:08:00] - First house hack and reducing living expenses.

    [00:11:00] - Aggressively paying off debt and the impact of side hustles.

    [00:13:00] - Buying the second house hack and living rent-free.

    [00:17:00] - Challenges and strategies in balancing work, investing, and life.

    [00:19:00] - Acquiring the third property and their approach to off-market deals.

    [00:21:00] - Launching The FI Couple and its unexpected success.

    [00:24:00] - Scaling their real estate portfolio and future goals.

    [00:27:00] - Leaving their 9-to-5 jobs and transitioning to full-time entrepreneurs.

    [00:28:00] - Income sources from rentals and The FI Couple platform.

    [00:30:00] - Providing education and mentorship through their platform.

    [00:31:00] - Managing properties and outsourcing maintenance tasks.

    —---

    👋 This episode is sponsored by PearsonRavitz – helping physicians safeguard their most valuable assets.

    —---

    If you enjoyed the show, find and follow Dr. Disha everywhere else:

    Twitter

    Website

    Facebook

    The Frugal Physician’s Facebook Group

    YouTube

    -----------

    Please note: The content shared on the podcast is for informational purposes only and should not be considered individualized financial advice. It is essential to consult with professionals such as accountants, financial advisors, or attorneys to receive personalized guidance based on your specific needs.

    Show More Show Less
    38 mins

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