In this episode of Money Meets Medicine, Dr. Jimmy Turner and Justin Harvey tackle the hype around real estate investing for physicians. Despite years teaching personal finance, Jimmy reveals he owns zero real estate—and explains why that’s intentional.

The duo explores the four major reasons real estate isn’t the right fit for Jimmy:

It’s a Second (or Third) Job – With a busy career in medicine and financial education, Jimmy isn’t interested in managing properties or even managing property managers.

Illiquidity – Tying up large chunks of money in illiquid deals (like syndications) doesn’t align with his need for flexibility.

Tax Complexity – Real estate’s tax benefits can come with audit risks and a need for specialized accountants—adding more layers to an already complex financial life.

FOMO (Fear of Missing Out) – Too many doctors get lured in by hype and peer pressure, not by sound financial strategy.

Justin adds insights from his financial planning practice, noting generational differences in attitudes toward real estate and highlighting the dangers of chasing "sexy" investments without considering your goals and risk profile.

Plus, Jimmy plugs his Beginner’s Guide to Bitcoin for Busy Doctors, available at moneymeetsmedicine.com/bitcoin.

In this episode of the Money Meets Medicine podcast, hosts Dr. Jimmy Turner and Justin Harvey discuss the potential to spend more money in retirement with less savings, challenging traditional financial independence norms, particularly the well-known 4% rule from the Trinity study. They explore a new study suggesting the safe withdrawal rate could be closer to 5-5.5%, which has significant implications for how soon one can achieve financial independence. The hosts also emphasize the importance of diversification in investments, considering the impact of factors like recent stock market performance and government economic interventions. The episode concludes with practical advice for physicians dealing with burnout, highlighting various career and financial flexibility strategies that can offer hope and options.

Looking for own-occupation disability insurance from a source you can trust? Visit https://moneymeetsmedicine.com/disability

In the latest episode of the Money Meets Medicine podcast, hosts Justin Harvey and Dr. Jimmy Turner discuss the potential effects of the 'one big beautiful bill' on physicians' personal finances. They highlight important aspects such as changes to student loan borrowing limits, auto loan interest deductions, and salt tax changes that could affect both residents and attending physicians. The episode also covers the potential influence of AI on career choices in the medical field. The hosts share their personal travel experiences and delve into topics related to financial literacy and strategic planning.

Every doctor needs disability insurance. Get a quote from the company you can actually trust: https://moneymeetsmedicine.com/disability