010 – This doctor had it all, but didn’t want it

"I had a degree from a prestigious college, had been accepted to my top residency program, had a bright future with a decent salary and job security waiting for me, and all I felt was angry and afraid. I didn't want what came with it, the practice of medicine." 
Dr. Michelle Mudge-Riley, Physicians in Transition - Interviews with 25 doctors who successful reinvented themselves

A very sobering, yet powerful quote from my next guest Dr. Michelle Mudge-Riley. Michelle is open about her story of realizing that clinical medicine was not for her. After graduating from medical school, Dr. Mudge-Riley went through both uncertainty and stress, yet, she found her way and a strong community of physicians who thought and felt the same way she did.

Dr. Michelle Mudge-Riley
Dr. Michelle Mudge-Riley

This experience led her to create Physicians Helping Physicians, her coaching business for doctors looking to transition to non-clinical careers.  For over 10 years, Dr. Mudge-Riley has been helping physicians find satisfaction and solutions with their medical careers. Besides the coaching business, Dr. Mudge-Riley’s work has been featured in numerous media outlets including KevinMD, The D.O., and The Physician Executive Journal.

Things you’ll learn in this interview:

  • How lucrative the field of career coaching is compared to clinical practice
  • Common reasons for dissatisfaction she sees among her clients
  • Her take on social media and why she encourages her clients to use it
  • Role play: What’s her advice for the 36 yr old CT surgeon who is fresh out of fellowship but can’t see himself opening chests for the next 25 years
  • How she answers #imnotjustadoc

009 – Your private doctor will see you now

Dr. James Pinckney
Dr. James Pinckney

There’s more to Dr. James Pinckney than what you see in the VistaPrint commercials. He’s a major player in concierge medicine, starting his practice (Diamond Physicians) in 2012 in Dallas, Texas. He has opened two additional locations in the Dallas metro area and has expanded the practice’s scope of services, now known as Diamond Luxury Healthcare. Dr. James is a Fox News medical expert, actor, and even has a US patent on a surgical gown… Nice!

Docs, if you don’t know, concierge medicine has become a popular alternative for patients and physicians. The usual model revolves around patients paying a month fee (or subscription) and, in exchange, they get exclusive access to their primary care doctor. Depending on the practice, this access can include:

  • Same day appointments with no waiting time
  • 24/7 direct access to a physician (no answering service in most instances)
  • Telemedicine or email access

If you’ve been living under the rock, here is Dr. James in the national VistaPrint commercial.

Things you’ll learn in this episode:

  • How a patient request in the middle of the night  during his General Surgery residency led him to an epiphany and set the foundation for his path towards concierge medicine
  • Why he’s so passionate about concierge medicine and what about the current climate of healthcare that has more docs considering this practice style
  • How he’s standardizing his practice to be replicable not only in Family Medicine but in other specialities like OB/GYN; he also has a franchise model in the works
  • Some of the intricacies of concierge medicine  and direct primary care
  • How he handles being available to his patients 24/7. No answering service here folks!
  • How he answers #imnotjustadoc 

 

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008 – How not to get ripped off buying life and disability insurance

Jamie Fleischner
Jamie Fleischner

I’m willing to bet that all of you have either purchased or heard the reasons why you should purchase life insurance and disability insurance. These two products are meant to protect your best wealth-building weapon – you and your income! Whether or not you fully understand these products (and many doctors don’t), the implications can be quite costly. Ranging from just a couple of Benjamins to stacks on stacks of Clevelands, how much you pay for your insurance plans will depend on how well you understand the products and your current financial situation.

I invited Julie Fleischner, president of Set for Life Insurance, to step outside the box on this episode. She’s an independent broker who specializes in disability, life, and long term care insurance. With over 20 years of experience, she has seen plenty examples of physicians either being sold the wrong products or being over-insured.  Full disclosure –  I have used her services to help me revise my current insurance coverage (more about that on another show).

You can learn more about her services here –  Set for Life Insurance

In this episode you’ll learn:

  • The difference between an insurance broker and agent
  • If all physicians need life and disability insurance
  • How to purchase life and disability insurance without feeling ripped off
  • What is a rider and which ones every life and disability plan should have
  • Why women pay a lot more per month for disability insurance and what women can do to get around the gender price hike
  • We run some scenarios – For example, find out how much insurance a 32 year old newly minted female physician really needs

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007 – Dr. Pham merges innovation with disruptive thinking

Dr. Julien Pham
Dr. Julien Pham

On this episode, I chat with Dr. Julien Pham – Chief Medical Officer and Founder of RubiconMD. Dr. Pham merged his experience as a nephrologist with his passion to innovate – and is truly living his life outside the box. With an eye for e-health he helped create RubiconMD, which is a technology platform that connects primary care providers to specialists with the aim of reducing unnecessary referrals and duplicate tests. Imagine the possibilities that could play out with this platform in third-world countries – where access to specialists can be rare!!

Find out more about RubinconMD at www.rubiconmd.com

In this episode you’ll learn:

  • The steps he took to transition from his Harvard academic appointment as a nephrologist to being the founder of two start-up companies
  • How important is it to be around like-minded physicians
  • What he finds most rewarding – Chief Medical Officer of a start-up, nephrologist, or volunteer work in global health
  • His techniques behind his meditation rituals that will help bring clarity and decrease stress
  • Why he’s not just a doc

 

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006 – Get a fair shake on Wall Street with the White Coat Investor

James M. Dahle, MD, FACEP
James M. Dahle, MD, FACEP

How many of you just want to stick your head in the sand when it comes to understanding personal finance and investing? I get it!  The majority of us had no exposure to finances in college and medical school which either makes us feel like we don’t know what we’re doing or makes us feel obligated to pay someone else to manage our hard-earned money!

Well, what if I told you that understanding investing is a lot simpler than the concepts we all learn in medical school? Don’t take my word for it.  My next guest, Dr. Jim Dahle (a.k.a The White Coat Investor), reinforces that point on this podcast. Like many of you listening, he had a bad experience with a financial advisor and unknowingly bought financial products he would later regret. Sound familiar? Dr. Dahle didn’t get discouraged by that, he sought empowerment through self-education, acquiring enough knowledge to start his website, The White Coat Investor. This is not just a side gig, people… His side hustle has become arguably the most comprehensive website for doctors who are looking for a “fair shake” on Wall Street!

You can find him on his website whitecoatinvestor.com

In this episode you’ll learn:

  • How he balances his medical practice with running this great website
  • Top 3 financial mistakes made by doctors
  • Why cash value life insurance is pushed so hard to physicians
  • High yield financial decisions every doctor in debt should make right after graduating from residency
  • Why he’s not just a doc!

 

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005 – Miles to go before they sleep – Drs. Matthews & Landry level the playing field one bus stop at a time

Drs Matthews & Landry
Drs. Matthews & Landry

Docs, I hope you’ve got your bus passes ready for this next episode! We’re taking a ride with the co-founders of Tour for Diversity in Medicine – Drs. Kameron Matthews and Alden Landry. As we all know, there’s a physician shortage in the United States and it’s only going to get worse. The physician shortage disproportionately affects those from minority communities, specifically African – Americans, Native Americans, and Hispanics. National initiatives from the Association of American Medical Colleges and the US government exist to help decrease this shortage, but what about bottom-up grass roots efforts to tackle this problem? Well, that’s exactly what the Tour for Diversity is doing – putting physicians, medical students, and pre-med advisors on a bus and driving hundreds of miles to target students from under-represented backgrounds and teach the basics of the medical school admissions process.

Follow and support this amazing organization at www.tour4diversity.org

In this episode you’ll learn:

  • What sparked the idea for the Tour for Diversity in Medicine
  • How they balance clinical medicine and running this organization
  • About the success of the tour – but also the trials and tribulations from the first ever tour
  • How balancing friendship and business has helped create a family-like atmosphere on the bus
  • What advice they have for others who have similar ideas but suffer from “a failure to launch”
  • How they each answer #imnotjustadoc

004 – Financial Ed. for Docs 101 – with Katie Brewer, CFP

Class is in session! That’s right.. we’re getting an education on personal finance and financial independence from Katie Brewer, CFP. She’s a fee-only certified financial planner and owner of the financial advising firm – Your Richest Life.  With a focus on both Gen X and Y’ers, you’ll find her advice in various media sources including Forbes, The New York Times, and podcasts like Stacking Benjamins and His & Her Money.

In this episode you’ll learn:

Katie Brewer, CFP
Katie Brewer, CFP
  • What you should look for in a financial advisor
  • Understand the different pay structures for financial advisors
  • Top three doctor financial mistakes
  • How to break the cycle of living paycheck to paycheck
  • What does it mean to be financially independent
  • Get the basics of investing – like what is a stock? A bond? What is passive vs active investing

 

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003 – “I love my patients..but I love myself, too!” How Dr. Drai gets paid the big bucks to do what he loves!

Dr. Draion M. Burch, DO (Dr. Drai) © Omar Farlow
Dr. Draion M. Burch, DO (Dr. Drai)
© Omar Farlow

We’ve all heard of Sanjay Gupta, Dr. Oz, Travis Stork…..now meet Dr. Drai – “America’s OB/GYN.” Dr. Draion Burch is a board certified OB/GYN and media personality. He’s fun, charismatic, off-the-cuff, and is arguably the leading media voice for women and transgender issues. After learning to be honest with himself about loving not just his patients, but also a great lifestyle  – Dr. Drai has created a medical career that most can only dream of! From CNN, NBC, to HuffPost Live – it’s not hard to find Dr. Drai’s sought after medical opinions in print and electronic media. In this episode, Dr. Drai drops knowledge on how physicians can position and brand themselves to get the lifestyle of their dreams!

Follow him on his website: www.drdrai.com

In this episode you’ll learn:

  • How being honest with yourself about career and lifestyle can lead you to success
  • How falling asleep on the highway after a grueling 36 hour shift was his breaking point from a pure clinical practice
  • How the heck he balances clinical medicine with his media persona
  • Why as the head of Burch Media Group – does Dr. Drai teach other physicians to leverage their medical expertise to brand themselves and optimize their lifestyle
  • Why he’s not just a doc!

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002 – Dr. Melanie Watkins on how she has found success and fulfillment living outside the box

Dr. Melanie Watkins
Dr. Melanie Watkins

In this episode, I get to interview Dr. Melanie Watkins. She is a board-certified psychiatrist practicing in California. Practicing as an independent contractor only scratches the surface of Dr. Watkins. She’s an author, social medial expert, podcaster, and motivational speaker. Check out her website: www.yourmentalhealthfirst.com

In this episode you’ll learn:

  • One of the biggest contract traps physicians fall into
  • What physicians should be doing to maintain our mental health
  • How she developed a knack for social media
  • What’s it like to be a self-published author
  • Why she’s not just a doc!

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001 – When the going gets tough… MOVE! Intro to Podcast & Dr. Carmen Brown

Dr. Nii Darko
Dr. Nii Darko

I’m Dr. Nii Darko and welcome to the first ever episode of Docs Outside the Box podcast! I have finally launched and I’m not looking back! Are you a doctor who feels trapped by the notion that having a traditional clinical practice is the only end point to your career? Not sure you can have the bomb lifestyle and medical career of your dreams? Think again! Docs Outside the Box will feature guests and topics covering career advice, entrepreneurship, personal finance, technology, and more!

CarmenBrown
Dr. Carmen Brown

My first guest is Dr. Carmen Brown, an obstetrician-gynecologist who practices all the way down under in New Zealand. She is a southwest Atlanta native who started her medical career in Athens, Georgia. After being fed up with all the typical frustrations doctors have, she and her husband literally closed up shop, packed their bags, and took a world tour. If you’ve ever been to New Zealand, you’ll know why they decided to call it their new home.

Follow her on her blog called Adventures of the Brown Kiwis (brownkiwis.blogspot.com)

In this episode you’ll learn:

  • The differences in practicing medicine between the United States and New Zealand
  • What’s it like as an African American woman living there
  • What financial preparations were necessary to leave her practice and take off on a world tour
  • What’s her advice for other physicians considering moving and practicing abroad
  • Why she’s not just a doc!

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