Here is a rewind episode of one of our favorites.  “Someday when I become a resident, it will be better.  I’ll be making money. “ “One day, as an attending, things will be so much better than they are right now.  No one will be able to tell me what to do!” “When the kids are a little bit older, things will be easier.” I am here to tell you that if you think when you accomplish your next goal life will automatically be better, you are likely suffering from an arrival fallacy.  Here is how to snap out of the matrix, and find the reality you really want today. Love the show? H ..read more

Years ago, I transitioned from physician burnout to entrepreneur burnout in my online business. And it was primarily from not having healthy boundaries with technology. When I first started out in entrepreneurship, I worked 60 hours a week in medicine plus another 20-30 hours a week on my blog and business. Business culture indoctrination often means we find ourselves believing we need to hustle 24/7 to get results, but it doesn’t have to be that way. What’s really important about today’s episode is understanding how we can use technology not to worsen our constant availability – which can lea ..read more

One thing we can agree on about today’s topic is this: doctors historically are under-savers.  But when it comes to physician money management, exactly how much doctors should be saving is hotly contested. Lisha and I spent 15 minutes debating our perspectives before we even hit record! So we know you’re going to land with a variety of opinions. Of course, how much and how you save are going to depend on your own financial goals and your current situation - the status of your student loans, whether you’re married or have kids or plan to start a family, when you want to retire, etc. So by ..read more

I tell my residents that academics is about depth and private practice is about breadth. In a lot of specialist fields, the private practice opportunities can provide some of that breadth. What you choose really depends on your preferences and how you feel you can work best in a given environment when weighed against all the factors that are important to you. But at the end of the day: when choosing a job, make sure you think through the worst-case scenario before saying “yes”. You’ll Learn: A tool I use with my coaching clients to help you think through any job decision An in-depth perspecti ..read more

With today’s episode, we’re doing things a little differently. Instead of a podcast, you’re getting a sneak peek of the audiobook version of my latest book, “Determined: How Burned Out Doctors Can Thrive in a Broken Medical System.” Yes, we’re talking burnout – a topic very familiar to you as a medical professional. It’s messy, it’s layered, and it’s part of the problematic state of medicine. Burnout is twice as high in physicians versus the general population. Not only is that statistic alarming, but the potential consequences of burnout on medical professionals are staggering. Higher rates o ..read more

I can’t tell you how often other physicians ask me, “Hey, I understand the math, but I just don't know: should I be paying off my student loans? Should I be investing and maxing out my 401k, or should I be paying off a car?” There’s advice out there that says you should invest at all costs, that anyone who doesn't put all their money towards investments is crazy. Then, at the other end of the spectrum is the school of thought that says you shouldn’t do anything else until you pay off all your physician debt. As with most nuanced subjects, it’s not black and white.  The right path – for YO ..read more

Given that this is the 100th episode of this show, I thought it would be pretty cool to share the stories of those who have listened to this podcast and had their lives changed as a result. And today is doubly-special, because The Alpha Coaching Experience (ACE) is finally open again. It’s been six months since we opened the doors last, and we only open the program twice per year. So, instead of me telling you about the impact ACE has had on doctors, I thought I’d let three doctors who have gone through the physician coaching program share their stories. Here’s how they overcame their situatio ..read more

My good friend, Peter Kim, from Passive Income MD is a serial entrepreneur, physician in anesthesiology, and a great friend and family man. Sharing my enthusiasm for physician finance strategies that prioritize freedom, Peter is also a bit of a side-gig guru. Conversations with Peter are always fun, especially when we get to talk about different approaches to financial freedom. Over the years, Peter has conducted extensive trial and error research and fine-tuned the art of the physician side hustle. I can’t wait for you to absorb the knowledge and wisdom he was willing to share with The Physic ..read more

Physicians that have carved out a life they love through entrepreneurship have one major thing in common: they work on their mindset. I once had massive skepticism about mindset work and coaching. But there's a reason why people say that when it comes to personal finance, it's 20% math, 80% mindset. If you’ve been around here for a while, you’ve come to hear that phrase over and over and over.  But until we take that leap of faith and try it, we don't quite understand what it means when people say they're working on their mindset, or the place it has in the entrepreneur journey. Dr. Vikra ..read more

Why are so many intelligent, educated, and hard-working physicians struggling? Why don’t they just take themselves out of their current situation and find something better? The answer is fear.   So, in this episode, I wanted to discuss some of the common fears that I see among our physician clients in ACE and others who reach out to me through email and social media. And what you can do to overcome those fears ..read more