Financial Residency is a podcast devoted to helping you become more confident in your finances. Part of this process is working with people who enjoy helping physicians as much as we do!
From time to time, we vet the businesses and experts we love working with. And because you are at the heart of our show, we thought it was fair to provide you with a recommended list of resources we’d go to bat for. Feel free to look through the list. If you found a good fit, we want to know about it.
Thank you for allowing Financial Residency to be with you on your financial journey. If you haven’t already, be sure to check out our latest episodes and become more confident in your finances!
Student Loan Resources
Not everyone should refinance their student debt, but if you already know that you should, you need to check your rates at Credible. They are an industry leader in providing quotes for best rates on federal and private student debt. After analyzing tens of millions of dollars in student loan debt for clients, I have known Credible to be the best when it comes to comparing the best rates as well as customer service. So if you’re looking for the best place to compare options in 2 minutes with no credit check, I recommend Credible.
Physician Wealth Services (PWS) is a fee-only financial planning firm devoted to the financial well-being of physicians. Ryan Inman, founder of PWS, developed a sense of responsibility to help physicians with their financial goals after witnessing how vulnerable his wife was to poor financial advice during residency. He was shocked at how many advisors tried to take advantage of her and her peers.
Ryan started PWS as a fee-only practice so he could work exclusively with physicians who could truly benefit from unbiased, quality financial advice. Working with Ryan is simple and transparent. There are no assets under management (AUM) fees, no products being sold or commissions being paid out. Everything is included for a flat monthly fee, the way it should be.
Ryan helps physicians create lives they love using the resources they have. To help them feel in control of their money, in the same way you make a patient feel better about their health. You may also recognize Ryan as the Creator and Host of the Financial Residency Podcast, a free resource to help increase financial literacy (and also the reason why you’re here!)
Enzo Multifamily owns and operates multifamily apartment complexes in growth markets, creating window of opportunity investments with mitigated risk. Its purpose apart from real estate, in of itself, derives from helping others gain financial independence through real estate. They provide investors with unique real estate opportunities to confidently gain double-digit returns. In 2017, Enzo added 1,000+ units and $100M+ in assets to its portfolio. Their track record allows them to obtain nonrecourse financing; leveraging debt with creative strategies to increase investor return and decrease risk.
Maintaining strong relationships with elite brokers, lenders, and investors alike, they live by these principles:
Integrity at its Core. Transparency. Exceptional Service. Hustle and Exceed Expectations.
Lawrence B. Keller, CFP®, CLU®, ChFC®, RHU®, LUTCF has been in the insurance and financial services industry since 1990. Unlike medicine, which has a standardized path that physicians must take to gain the education, training and experience requirements necessary to obtain board certification, the insurance and financial services industry does not.
Working with an agent that is familiar with the underwriting of both disability and life insurance policies for physicians can all but guarantee a smooth underwriting process in which the desired outcome is likely.
While he might not be a doctor’s first phone call regarding their insurance needs, he is often their last.
Resolve empowers physicians as they explore new practice opportunities and as they negotiate employment terms. Their experience reviewing and negotiating physician contracts from every specialty, in every state and with every major health system makes them an invaluable resource for our audience- and is why they are rated #1 by Physicians.
Resolve’s specialized team will analyze your contract, interpret complicated clauses, address unfair clauses and compare your offer to other physicians in your specialty using both internal data and data from the nation’s largest physician compensation survey. A lawyer can also negotiate on your behalf – at no additional charge. Their flat-rate pricing and flexible schedules are designed for a physician’s schedule. Check out their contract review packages.
DrMoves.com was started by a physician and has helped hundreds of medical professionals connect with top real estate agents and loan officers. This service is free and takes the guesswork out of finding a real estate agent or lender on your own. They only select local experts who have past experience working with medical professionals and understand the intricacies of a medical professional’s lifestyle.
DrMoves also offers free ideas to create additional income or side gigs for health care professionals!
Other Resources: Links, Tools, and Good Reads!
Hey, we’re learning just like you. Here are some of our FAVORITE blogs and books!
Dr. Cory Fawcett, Founder of Prescription of Financial Success
NEW BOOK ALERT FROM DR. FAWCETT!
Slated to release October 2019!
Dr. David Draghinas, Host of the Doctors Unbound Podcast
The Doctors Unbound Podcast is hosted by a good friend of mine, Dr. David Draghinas. I’ve listened to his show for as long as it’s been online. His podcast is about helping physicians see the opportunities outside of their normal clinical roles by bringing on guests who are already living their lives to their fullest. With guests ranging from physician entrepreneurs, investors, writers, artists, and social media experts, we get first-hand insight into what it truly means for doctors to live unbound.
Dr. John Jurica, Host of Physician NonClinical Careers Podcast
The Physician Philosopher, Author of The Physician Philosopher’s Guide To Personal Finance
Get Help With Your Physician Mortgage Loan
You want to buy a home but a little lost on where to begin? Don’t worry, we’ve vetted some of the best. They’re below!
Whether it’s your first home, a refinancing project or looking for the next home upgrade, Doug is focused on making a real and lasting difference. That’s why he takes the time to understand each of his clients’ unique home buying needs (as he has with my very own physician family).
Contact Doug by visiting this link.
States: All 50
“Pinch me. I must be dreaming!” is what one of Jonathan’s physician endorsers expressed after reflecting on his mortgage experience. Others state their experience allowed them to enjoy the process of buying a home. We’re optimistic you’d experience the same. But, there’s only one way to find out.
Contact Jonathan by visiting this link.
States: FL*, IL*, NC**, GA**, OH, MI, PA, WI, IN, KY, TN**, WV, SC (*Main States, **-Special pricing where rates are about 0.500% lower than any of their competitors)
Tony got started in real estate because he was excited by the prospect of working in a field with more face-to-face client interaction. Working with people remains one of Tony’s favorite parts of the job. Working with you could be another.
Contact Tony by visiting this link.
States: IL, IN, KY, MI, OH, PA, and WV
Darick’s advice to anyone going through the finance process is simple: Don’t be afraid to ask questions. While he takes pride in his availability and service after normal working hours and weekends, he’s here to guide you through this exciting time in your life.
Contact Darick by emailing him here: Darick.Hensel@chemicalbank.com or call (517) 214-3257
States: All 50 (including NY); NMLS# 21996
Josh Mettle is an industry-leading author and ranked top 1% of mortgage originators 2018 by Mortgage Executive Magazine, specializing in financing physicians, dentists, CRNA, and other professionals with highly specialized professional loan programs. Josh is dedicated to helping physicians and other professionals become more financially aware and able. Here’s a FREE and tremendous resource for young physicians looking to buy a home from Joshua.
Contact Joshua by visiting this link or call (801) 671-1032