I’m bringing back an old friend to Docs Outside the Box – Dr. Drai. Dr. Drai was featured on episode 3 where we talked about his breaking point from a pure clinical practice. Dr. Drai continues to be sought after by media for his medical opinions, but now he’s taking his physician coaching to a larger scale.
He is hosting his first ever conference called Momentum in Medicine taking place in Atlanta, GA on April 20 – 22. According to Dr Drai, this is “a conference for medical professional to learn how to monetize their medical degrees and leverage their brand from medicine to mogul.” That’s a lot to live up to, but based on the speakers he has for this conference – looks like he’s serious!
On this episode I get to chat with Dr. Bonnie Mason – CEO of Beyond The Exam Room. Through a combination of online and live courses, Beyond The Exam Room (BTER) educates and prepares physicians for things we all should’ve learned in medical school. Wanna learn to read and understand contracts? Check – There’s a module for that! How about learning all that goes into starting/joining/maintaining a private practice? Boom – There’s a module for that. Interested in personal finance? Check – need I say more?! All of these courses are accredited by the University of Louisville and eligible for CME.
She has a knack for giving back. Check out her non-profit organization Nth Dimensions, which boasts the mission of increasing women and under-represented minority representation in the field of orthopedic surgery.
Dr. Mason obtained her undergraduate degree from Howard University in Washington, D.C. She then graduated with her medical degree from Morehouse School of Medicine, and then went back to Howard University to complete an orthopedic surgery residency.
Things you’ll learn in this episode:
Top 3 mistakes physicians make when negotiating contracts
The items in your contract you should prioritize over salary
Is there such a thing as winning at negotiations
Her thoughts on having lawyers review physician contracts
Necessity is the mother of all invention. Everyone has heard this old proverb. It became relevant again during our economic recession in the years of 2007 – 2009. Although there were plenty of negative events chronicled during the Great Recession, one bright spot was the rise of the personal finance movement. Numerous blogs have spawned from this movement covering everything from paying off student loans to teaching people how to retire by the ripe ‘ole age of 40. Baby-boomers, millenials, black or white…you name it there’s a personal finance blog for seemingly every demographic.
In this episode, I get to interview Future Proof MD who is a recent entry into the world of personal finance blogs. A self described disciple of The White Coat Investor (DOTB Episode 6), Future Proof MD started the blog because he wanted a more efficient way to answer common financial questions from fellow medical students and residents. From his Investing 101 series (highly recommended) to his reviews on fin-tech, in less than three years the website has grown to be a major player within the personal finance blog world!
He obtained his medical degree from the University of Missouri and is currently a radiology resident (how does he find the time??) at Florida Hospital in Orlando, Florida.
In this episode you’ll learn:
Top 3 financial mistakes physicians are making
His advice for young attendings with large student loan debt
No guests for this episode everyone! You’ve heard stories from various doctors living outside the box – this episode you get to hear from me!
Learn why I called 2016 the Year of Failure for me
I started a locums tenens company called Equal Access Health. It’s not your average locums company. Currently we have great opportunities in OB/GYN and Trauma Surgery! Check out the website to learn more and sign up.
Hear my challenge to you to get 2017 kicked off with a bang!
Background music: “Free Hip Hop Beat With Hook: Ancestors” by GrizzlysBeatz.com
Physician, author, speaker, social media coach, wife, mother, and owner of her own publishing company. Many say it takes superpowers to juggle all of these talents – but my next guest, Dr. Nicole Swiner, will say she’s no superwoman! She truly is living outside the box.
In order to drum up more attention for her practice, she started writing medical advice for her town’s local newspaper. Dr. Swiner’s passions are in women and minority health, stress management, and self care. Years later, with a myriad of columns and articles, she noticed that she covered very similar themes and used this to create her first book: How to Avoid the Superwoman Complex: 12 Ways to Balance Mind, Body & Spirit. Her book focuses on the notion that trying to be “all things to all people” is a large reason why people aren’t truly happy and healthy.
Dr. Swiner did her undergraduate studies at Duke University, and obtained her medical degree from the Medical University of South Carolina. From there, she decided Family Medicine was for her, and completed her residency at the University of North Carolina – Chapel Hill. Currently Dr. Swiner is practicng in Durham, North Carolina.
Things you’ll learn in this episode:
Why even in this age of dwindling private practices – she prefers private practice to being hospital employed
Her definition of the Superwoman Complex
Quick tips on how to create content and become a published author
Dr. Ryan Gray took some time from his busy schedule to be my next guest. He’s a podcasting veteran and if you haven’t heard of Ryan Gray – you’re living under a rock!! He runs the Medical School Headquarters, which is a website that “takes relevant premed topics and creates a one-stop shop for you to quickly get the information you need.” As the host of multiple podcasts – all with a focus on helping premed students become stronger candidates for medical school – he has quickly gained thousands of followers and listeners.
Dr. Gray did his undergraduate studies at the University of Florida, and graduated with his M.D. at New York Medical College. He went on to do an internship at Tufts Medical Center and afterwards became a Flight Surgeon.
Things you’ll learn in this episode:
His thoughts on the positives and negatives of being an entrepreneur
Why he stepped away from clinical medicine and decided to run Medical School Headquarters full time
Why he decided to write his book The Premed Playbook
His thoughts on self-publishing vs. traditional publishing
On this episode, I get to chat with Dr. Peter Kim. Dr. Kim did his undergraduate studies at Johns Hopkins University, and then attained his medical degree (MD) from University of Maryland School of Medicine. Currently he is an anesthesiologist in Los Angeles, California. Peter’s session is a bit different than my previous interviews. Why? Well, the common theme shared by my other guests revolved around leveraging our credentials for media presence or achieving financial freedom.
Although Dr. Kim loves the idea of financial freedom, his story is about disrupting the real estate industry with his company – Curbside Real Estate . The impetus to start the company came from his frustrations while purchasing a home and wondering why there wasn’t a better way for busy professionals like himself. Curbside Real Estate touts being able to streamline the process of purchasing a home for busy professionals by using a preferred network of realtors and mortgage loan lenders. The company is even touting no private mortgage insurance (that’s a big deal)!
My next guest is Dr. Renee Matthews – host of the wildly popular Ask Dr. Renee Show. She has turned her passion for talking about medicine to the masses into her lifestyle. After facing difficulty with getting into an OB/GYN residency, Dr. Renee pivoted onto her
networking skills that garnered her opportunities like a XM radio show. She’s now a well-sought after media medical expert, blogger, and national speaker. Oh, don’t forget to add social media guru to her list of skills – she now coaches physicians on how to distinguish themselves through multiple social medial platforms.
Katie Brewer, a fee-only financial planner was a guest on episode 4 and discussed basic financial educational tips for physicians. Based on the downloads, that was a favorite among you all! In this episode, Katie Brewer and I get to answer various financial questions from our listeners.
Dr. O – Virginia
Are variable annuities a viable financial product and if not what’s a better product?
Dr. L – Massachusetts
I have close to 100k in federal student loans with interest rates between 3 to 4%; when is it better to invest vs pay off student loans?
What’s the maximum amount I can invest in a 529 account for my kids?
Dr. C – Kansas
Why are so many people pushing index funds over individual stock?
What are your thoughts on Robo advisors vs investing on your own?
What about Peer to Peer lending?
You can learn more about Katie Brewer and her fee-only financial planning firm at Your Richest Life.
"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.
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