Financial Wellness for Physicians: A 5-Step Plan from the WealthMindedMD Podcast
In this episode of the Black Doctors Podcast, Dr. Steven Bradley welcomes back Dr. Brittne Halford and Dr. Altelisha Taylor to discuss financial wellness for physicians. Together, they delve into a comprehensive five-step plan for achieving financial stability and growth, specifically tailored for those in the medical profession.
Key Discussion Points:
1. Creating a Vision: The importance of setting clear financial goals and envisioning long-term financial success.
2. Protection with Insurance: Strategies for safeguarding one’s financial future through appropriate insurance coverage.
3. Debt Management: Effective techniques for managing and paying off debt, with Dr. Halford sharing her personal experience of eliminating $138,000 in student loans in under three years.
4. Saving: The critical habit of saving 10 to 20 percent of income to build a solid financial foundation.
5. Investments: Starting early with investments, utilizing employer-sponsored retirement plans, and making smart investment choices.
Guest Insights:
– Dr. Brittne Halford: Offers targeted advice for women in healthcare and shares her journey of rapid debt repayment.
– Dr. Altelisha Taylor: Discusses her transition from a finance career to medicine and the inception of Wealth Minded MD, a venture that merges personal finance expertise with medical careers.
Connect with Our Guests:
– Dr. Brittne Halford: [Instagram Profile]
– Dr. Altelisha Taylor: [Instagram Profile]
Call to Action:
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In-house music and audio production, so any ideas for improvements or suggestions for future guests are welcome. Visit www.StevenBradleyMD.com to learn more about our host. He is available for consultations or speaking engagements regarding health equity and medical ethics.
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