Welcome to another episode of Financial Clarity for Doctors!   We spend a lot of time talking about how to make sure you are in a good position to reach your long-term goals.  For most of our clients and listeners, you are in a good position with your career and income trajectory to be able to do that!  You’ve worked hard and you will very likely make a good income!   However, we do talk to a lot of folks, especially folks that are still on a resident or fellow salary, that are not in a good spot to work toward those long-term goals.  Sometimes, they aren’t even in a good spot to be able to make ends meet from month to month.   Today, we are going to focus on a few strategies to make the day-to-day more doable.   In this episode we will dive deeper into: Managing Expenses Debt Management Spend Less or Make More Your Long Term Outlook   For more financial planning tips from Corey and Rachelle, find them on social media!  LinkedIn: @CoreyJanoff and @RachelleVanderzanden; Instagram: @CoreyJanoff and @VanderzandenRachelle; and Twitter: @CoreyJanoffCFP and @RachelleFinance  Follow Finity Group On Social Media!  APPLE PODCASTS  INSTAGRAM  FACEBOOK  TWITTER   LINKEDIN  https://thefinitygroup.com/   Discussions in this show should not be construed as specific recommendations, legal, or investment advice. Always consult with your investment professional before making important investment decisions—advisory services through Cambridge Investment Research Advisors, Inc., a Registered Investment Advisor. Through Cambridge Investment Research, Inc., Securities are offered a registered Broker/Dealer, Member FINRA/SIPC. Finity Group and Cambridge are not affiliated.

Financial Clarity for Doctors

Spending More Than You Make

Welcome to another episode of Financial Clarity for Doctors!  In todays episode we will discuss arguably the most important factor in achieving your long-term financial goals: how much you save.    The more you save, the sooner you’ll get to where you want to go financially.  Basic math.  It will also give you more flexibility and cushion. In this episode we will dive deeper into: Client Success Stories Living Below Your Means Retirement: How Long To Achieve Financial Independence Why Savings Rate Can Be More Important Than Rate Of Return & Other Metrics   For more financial planning tips from Corey and Rachelle, find them on social media!  LinkedIn: @CoreyJanoff and @RachelleVanderzanden; Instagram: @CoreyJanoff and @VanderzandenRachelle; and Twitter: @CoreyJanoffCFP and @RachelleFinance  Follow Finity Group On Social Media!  APPLE PODCASTS  INSTAGRAM  FACEBOOK  TWITTER   LINKEDIN  https://thefinitygroup.com/   Discussions in this show should not be construed as specific recommendations, legal, or investment advice. Always consult with your investment professional before making important investment decisions—advisory services through Cambridge Investment Research Advisors, Inc., a Registered Investment Advisor. Through Cambridge Investment Research, Inc., Securities are offered a registered Broker/Dealer, Member FINRA/SIPC. Finity Group and Cambridge are not affiliated.

Your Savings Rate Matters A Lot

Welcome to another episode of Financial Clarity for Doctors.   In todays episode we will discuss a topic regarding one of the most common requests we get...  Budgeting! Many people only consider their ability to meet their fixed expenses and that is what we want to avoid.  In this episode we will dive deeper into the following: Traditional Budgeting Backwards Budget The Importance of AWARENESS Housing   For more financial planning tips from Corey and Rachelle, find them on social media!  LinkedIn: @CoreyJanoff and @RachelleVanderzanden; Instagram: @CoreyJanoff and @VanderzandenRachelle; and Twitter: @CoreyJanoffCFP and @RachelleFinance  Follow Finity Group On Social Media!  APPLE PODCASTS  INSTAGRAM  FACEBOOK  TWITTER   LINKEDIN  https://thefinitygroup.com/   Discussions in this show should not be construed as specific recommendations, legal, or investment advice. Always consult with your investment professional before making important investment decisions—advisory services through Cambridge Investment Research Advisors, Inc., a Registered Investment Advisor. Through Cambridge Investment Research, Inc., Securities are offered a registered Broker/Dealer, Member FINRA/SIPC. Finity Group and Cambridge are not affiliated.

Budgeting Tips

Welcome to another episode of Financial Clarity for Doctors.  In today's episode we want to talk about investing.  Specifically, investing towards your specific financial goals.   What would most people say if you asked them, "Why are you invested the way you are?"  We also discuss: Risk Return Objectives Time Horizons Liquidity Needs Income VS Growth ESG Investing   For more financial planning tips from Corey and Rachelle, find them on social media!  LinkedIn: @CoreyJanoff and @RachelleVanderzanden; Instagram: @CoreyJanoff and @VanderzandenRachelle; and Twitter: @CoreyJanoffCFP and @RachelleFinance  Follow Finity Group On Social Media!  APPLE PODCASTS  INSTAGRAM  FACEBOOK  TWITTER   LINKEDIN  Discussions in this show should not be construed as specific recommendations, legal, or investment advice. Always consult with your investment professional before making important investment decisions—advisory services through Cambridge Investment Research Advisors, Inc., a Registered Investment Advisor. Through Cambridge Investment Research, Inc., Securities are offered a registered Broker/Dealer, Member FINRA/SIPC. Finity Group and Cambridge are not affiliated.

Why Are You Invested The Way You Are

In today's episode we talk about the difference between having a financial plan and engaging in financial planning.   In this episode we discuss: Initial steps in building a financial plan Understanding the different variables that can change over time What does engaging in financial planning look like? Being proactive instead of reactive  Thank you so much for listening to this episode of Financial Clarity for Doctors podcast!  A financial planning podcast for physicians and other medical professionals. For more financial planning tips from Corey and Rachelle, find them on social media!  LinkedIn: @CoreyJanoff and @RachelleVanderzanden; Instagram: @CoreyJanoff and @VanderzandenRachelle; and Twitter: @CoreyJanoffCFP and @RachelleFinance  Follow Finity Group On Social Media!  APPLE PODCASTS  INSTAGRAM  FACEBOOK  TWITTER   LINKEDIN  Discussions in this show should not be construed as specific recommendations, legal, or investment advice. Always consult with your investment professional before making important investment decisions—advisory services through Cambridge Investment Research Advisors, Inc., a Registered Investment Advisor. Through Cambridge Investment Research, Inc., Securities are offered a registered Broker/Dealer, Member FINRA/SIPC. Finity Group and Cambridge are not affiliated.

Financial Plan VS Financial Planning

A few episodes ago we talked about big things mattering more than little things.  In this episode we will talk about how little things matter, too.  Not in the sense that a single Starbucks coffee will impact your life – far from it.  Rather, how small micro-actions compounded over time can create big results.    There are parallels between the principals to achieving physical fitness and financial fitness.  We utilize this analogy in depth to further explore how small actions add up over time.    We also explore this principal in the context of:  Savings  Debt  Retirement  Charitable Giving  Reading    For more financial planning tips from Corey and Rachelle, find them on social media!  LinkedIn: @CoreyJanoff and @RachelleVanderzanden; Instagram: @CoreyJanoff and @VanderzandenRachelle; and Twitter: @CoreyJanoffCFP and @RachelleFinance  Follow Finity Group On Social Media!  https://thefinitygroup.com/ Instagram  Facebook  Twitter   LinkedIn  Discussions in this show should not be construed as specific recommendations, legal, or investment advice. Always consult with your investment professional before making important investment decisions—advisory services through Cambridge Investment Research Advisors, Inc., a Registered Investment Advisor. Through Cambridge Investment Research, Inc., Securities are offered a registered Broker/Dealer, Member FINRA/SIPC. Finity Group and Cambridge are not affiliated. 

Little Things Matter

In today's episode we have a special guest coming all the way from Australia, Aussie Doc Freedom! In this episode we discuss: What female investors do well that we can all learn from How we can make financial literacy more approachable Female role models in investing Tips for younger investors Thanks again to the Financial Clarity Blog, our amazing clients, and the whole team at The Finity Group.    For more financial planning tips from Corey and Rachelle, find them on LinkedIn: @CoreyJanoff and @RachelleVanderzanden; Instagram: @CoreyJanoff and @VanderzandenRachelle; and Twitter: @CoreyJanoffCFP and @RachelleFinance    Find our guest Aussie Doc Freedom: https://aussiedocfreedom.com/   Follow Finity Group On Social Media!  Apple Podcasts Instagram Facebook Twitter  LinkedIn Discussions in this show should not be construed as specific recommendations, legal, or investment advice. Always consult with your investment professional before making important investment decisions—advisory services through Cambridge Investment Research Advisors, Inc., a Registered Investment Advisor. Through Cambridge Investment Research, Inc., Securities are offered a registered Broker/Dealer, Member FINRA/SIPC. Finity Group and Cambridge are not affiliated. 

Invest Like A Girl - With Guest Aussie Doc Freedom

In today's episode we dive into the latest MGMA Physician income data! In this episode we discuss: What specialties make the most  Geographic Data How to utilize this data for yourself Thanks again to the Financial Clarity Blog, our amazing clients, and the whole team at The Finity Group.    For more financial planning tips from Corey and Rachelle, find them on LinkedIn: @CoreyJanoff and @RachelleVanderzanden; Instagram: @CoreyJanoff and @VanderzandenRachelle; and Twitter: @CoreyJanoffCFP and @RachelleFinance    Follow Finity Group On Social Media!  Apple Podcasts Instagram Facebook Twitter  LinkedIn Discussions in this show should not be construed as specific recommendations, legal, or investment advice. Always consult with your investment professional before making important investment decisions—advisory services through Cambridge Investment Research Advisors, Inc., a Registered Investment Advisor. Through Cambridge Investment Research, Inc., Securities are offered a registered Broker/Dealer, Member FINRA/SIPC. Finity Group and Cambridge are not affiliated. 

Physician Compensation Data

In today's episode we speak with the Founding Partners of Quantor Capital; Julio Cacho, PH.D. and Juan Carlos Herrera.     In this episode we discuss:   Why do many people make bad investment decisions?    How can investors that are early in their careers obtain the best outcome for themselves?     What is the efficient market hypothesis?    Is there a scientific way to invest?    What are some of the pros and cons of private vs public investments? Private equity vs public equity etc.    Thanks again to the Financial Clarity Blog, our amazing clients, and the whole team at The Finity Group.    For more financial planning tips from Corey and Rachelle, find them on LinkedIn: @CoreyJanoff and @RachelleVanderzanden; Instagram: @CoreyJanoff and @VanderzandenRachelle; and Twitter: @CoreyJanoffCFP and @RachelleFinance    Follow Finity Group On Social Media!   https://thefinitygroup.com/ Instagram Facebook Twitter  LinkedIn   Discussions in this show should not be construed as specific recommendations, legal, or investment advice. Always consult with your investment professional before making important investment decisions—advisory services through Cambridge Investment Research Advisors, Inc., a Registered Investment Advisor. Through Cambridge Investment Research, Inc., Securities are offered a registered Broker/Dealer, Member FINRA/SIPC. Finity Group and Cambridge are not affiliated. 

Investing: What The Research Says

Welcome to another episode of the Financial Clarity for Doctors Podcast.  Being that this is the 50th episode of the podcast, we decided to something special.    In this episode we break down 50 of our all-time favorite pieces of financial wisdom.  Our list is graced by everyone from Warren Buffett to Maya Angelou & Robert Kiyosaki.    Thanks again to the Financial Clarity Blog, our amazing clients, and the whole team at The Finity Group.    For more financial planning tips from Corey and Rachelle, find them on LinkedIn: @CoreyJanoff and @RachelleVanderzanden; Instagram: @CoreyJanoff and @VanderzandenRachelle; and Twitter: @CoreyJanoffCFP and @RachelleFinance    https://thefinitygroup.com/  https://www.instagram.com/finitygroup  https://www.facebook.com/FinityGroup/  https://twitter.com/FinityGroup  https://www.linkedin.com/company/finity-group-llc    Discussions in this show should not be construed as specific recommendations, legal, or investment advice. Always consult with your investment professional before making important investment decisions—advisory services through Cambridge Investment Research Advisors, Inc., a Registered Investment Advisor. Through Cambridge Investment Research, Inc., Securities are offered a registered Broker/Dealer, Member FINRA/SIPC. Finity Group and Cambridge are not affiliated. 

50 Nuggets of Financial Wisdom

We have a lot of different listeners.  Some folks want to learn about tax-loss harvesting, and others would really like to know what the heck a brokerage account is.  In this episode, we wanted to go back to basics for all our listeners that want a solid introduction to investing. In this episode we’re going to spend time talking about the different accounts you can invest in, and what the investments look like inside those accounts.  Don’t make the mistake of thinking they are the same thing!  The account is merely a shell that tells the IRS how to tax what’s inside.  For example, a Roth IRA is not automatically an investment.   In this episode you will learn: Different Account Types and their corresponding tax treatment What is inside these accounts Maxing Out Tax favorable Accounts Investment Goals to Consider The Different forms of diversification   Visit https://thefinitygroup.com/podcast for more information on the show. You can also email the show at podcast@theFinityGroup.com.  For more financial planning tips from Corey and Rachelle, find them on LinkedIn: @CoreyJanoff and @RachelleVanderzanden; Instagram: @CoreyJanoff and @VanderzandenRachelle; and Twitter: @CoreyJanoffCFP and @RachelleFinance   

Back To Basics Investing 101

People tend to focus too much on the little things, such as how much they spend on coffee, or what their portfolio returned last quarter.  In reality, the little things don't matter much when it comes to achieving financial goals.  It's the big things you should be paying attention to: Housing Student loans Cars Travel Childcare/schooling expenses Saving enough for retirement Do you have a strategy to achieve your goals?  It likely doesn't matter if you pick the ABC or XYZ large-cap mutual fund in your 401k.  Max out your 401k and save enough elsewhere so getting the best possible returns doesn't matter.  Visit https://thefinitygroup.com/podcast for more information on the show. You can also email the show at podcast@theFinityGroup.com.  For more financial planning tips from Corey and Rachelle, find them on LinkedIn: @CoreyJanoff and @RachelleVanderzanden; Instagram: @CoreyJanoff and @VanderzandenRachelle; and Twitter: @CoreyJanoffCFP and @RachelleFinance   

Big Things Matter More Than Little Things

Welcome to another episode of the Financial Clarity for Doctors Podcast.  The housing market is going crazy right now and it’s great topic given the time of year.      We are getting closer to summer and the change of academic calendar.  Graduating med students are going into residency, residents moving on to fellowship, as others are starting attending jobs in a new cities.      In this episode we will discuss the pros and cons of buying vs renting and the ideal scenarios for both.    Thanks again to the Financial Clarity Blog, our amazing clients, and the whole team at The Finity Group.    For more financial planning tips from Corey and Rachelle, find them on LinkedIn: @CoreyJanoff and @RachelleVanderzanden; Instagram: @CoreyJanoff and @VanderzandenRachelle; and Twitter: @CoreyJanoffCFP and @RachelleFinance    Follow The Finity Group as well:   Finity Group Website Finity Group Instagram Finity Group Facebook Finity Group Twitter  Finity Group LinkedIn   Discussions in this show should not be construed as specific recommendations, legal, or investment advice. Always consult with your investment professional before making important investment decisions—advisory services through Cambridge Investment Research Advisors, Inc., a Registered Investment Advisor. Through Cambridge Investment Research, Inc., Securities are offered a registered Broker/Dealer, Member FINRA/SIPC. Finity Group and Cambridge are not affiliated. 

Should I Buy or Rent a House?

Welcome to another episode of the Financial Clarity for Doctors Podcast.  In this episode we wanted to dive into one of the hot topics of the day – the exciting world of cryptocurrency.  As a disclosure, this discussion is intended for informational purposes only, not as a recommendation to buy or not to buy or even to sell.    First, we zoom out and examine currency as a whole and the general history of Bitcoin itself.    We also break down the differences between crypto currencies and more common investments like stocks and bonds.    Lastly, we dive into the potential ways to make money with cryptocurrencies.    Thank you so much for listening to this episode!    Thanks again to the Financial Clarity Blog, our amazing clients, and the whole team at The Finity Group.    For more financial planning tips from Corey and Rachelle, find them on LinkedIn: @CoreyJanoff and @RachelleVanderzanden; Instagram: @CoreyJanoff and @VanderzandenRachelle; and Twitter: @CoreyJanoffCFP and @RachelleFinance    https://thefinitygroup.com/  https://www.instagram.com/finitygroup  https://www.facebook.com/FinityGroup/  https://twitter.com/FinityGroup  https://www.linkedin.com/company/finity-group-llc    Discussions in this show should not be construed as specific recommendations, legal, or investment advice. Always consult with your investment professional before making important investment decisions—advisory services through Cambridge Investment Research Advisors, Inc., a Registered Investment Advisor. Through Cambridge Investment Research, Inc., Securities are offered a registered Broker/Dealer, Member FINRA/SIPC. Finity Group and Cambridge are not affiliated. 

Cryptocurrencies - What You Need To Know

Welcome to another episode of the Financial Clarity for Doctors Podcast.  We are very excited to explore a topic outside of our general expertise, investing in startups.  So, we brought in an expert to answer all of our questions, Eric Perlmutter-Gumbiner aka Mr. EPG.    Eric has a BS in Business Administration, coupled with an MBA and a law degree, all from USC.  He provides council to startup companies and he also advises and negotiates contracts for investors in startups.    Doctors get pitched business/investment ideas from friends, family and acquaintances all the time.  In this episode you will learn what to consider before investing and what key questions you should be asking.    We dive into the common ways investment opportunities are structured and what investors should know about their exit strategy in order to realize a return on their investment.    Eric has a lot of experience reviewing these types of contracts, so we ask him what he looks for and if there are any common red flags or must haves.    Thank you so much for listening to this episode.    Thanks again to the Financial Clarity Blog, our amazing clients, and the whole team at The Finity Group.    For more financial planning tips from Corey and Rachelle, find them on LinkedIn: @CoreyJanoff and @RachelleVanderzanden; Instagram: @CoreyJanoff and @VanderzandenRachelle; and Twitter: @CoreyJanoffCFP and @RachelleFinance    https://thefinitygroup.com/  https://www.instagram.com/finitygroup  https://www.facebook.com/FinityGroup/  https://twitter.com/FinityGroup  https://www.linkedin.com/company/finity-group-llc    Discussions in this show should not be construed as specific recommendations, legal, or investment advice. Always consult with your investment professional before making important investment decisions—advisory services through Cambridge Investment Research Advisors, Inc., a Registered Investment Advisor. Through Cambridge Investment Research, Inc., Securities are offered a registered Broker/Dealer, Member FINRA/SIPC. Finity Group and Cambridge are not affiliated. 

Investing in Startups with Mr. EPG

Corey Janoff and Rachelle Vanderzanden of Finity Group, LLC discuss pertinent financial planning topics affecting doctors and other medical professionals.