Podcast

Wealthy Mom MD with Bonnie Koo | Money Goals: Get Specific to Get Results

180: Money Goals: Get Specific to Get Results

180: Money Goals: Get Specific to Get Results

Wealthy Mom MD with Bonnie Koo | Money Goals: Get Specific to Get ResultsHaving concrete financial goals is super important. That might sound obvious, but I’ve noticed that a lot of women tend not to have concrete financial goals. We often have goals like going part-time, being able to retire, and wanting to travel more. While these are all awesome goals, they’re actually pretty vague.

How do you know when you’ve actually reached your goal? This is why having a concrete number in mind is one of the most useful ways to set goals for your financial freedom. I’m giving you the easiest ways to set yourself up for real success when it comes to identifying and achieving your financial goals.

Tune in this week to discover the value of having measurable goals, whether in relation to income, savings, or anything you want more of in your life. I’m sharing one simple question you can ask yourself to get clear on the actions you need to take in relation to achieving your goals, and how to make prudent decisions around your financial goals.

Learn more about Live Wealthy, an exclusive coaching program designed for successful women who want to be confident.... and be rich.

What You'll Learn from this Episode:

  • Why you need concrete figures around your financial goals.
  • How to set more measurable financial goals for yourself.
  • 3 things to consider as you start setting financial goals.
  • The filters I use when I’m setting financial goals.
  • Why you need to become comfortable with risk as you begin intentionally growing your wealth.

Listen to the Full Episode:

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Disclaimer: The content in this episode is not financial advice and is provided for educational purposes. Please consult with your licensed financial advisor for professional advice. Wealthy Mom MD does not advocate for the purchase or sale of any security or investment.

Get started on your journey to wealth by getting the best selling book: Defining Wealth for Women.

 

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Wealthy Mom MD with Bonnie Koo | 5 Steps for Auditing Your 2023 Goals

179: 5 Steps for Auditing Your 2023 Goals

179: 5 Steps for Auditing Your 2023 Goals

Wealthy Mom MD with Bonnie Koo | 5 Steps for Auditing Your 2023 GoalsOnce September rolls around, it can feel like it's all downhill until the end of the year. This is the time of the year when any goals you have that you haven't yet achieved start getting put aside because it feels like December is right around the corner. It's time to revisit my episode about conducting a mid-year money audit and apply these lessons to anything you wanted to achieve in 2023.

This mid-year audit isn’t about beating yourself up for not achieving your goals yet. However, auditing your goals gives you a timely reminder of what you wanted to create, why you wanted to pursue your goals, and also shows you that there’s plenty of time left in 2023 to make sure you complete everything you set out to do!

Tune in this week to audit your progress so far in 2023 and decide what you can achieve over the remainder of the year. I’m sharing my five-step process for auditing your goals, showing you why it’s never too late to start setting goals, and giving you the advice you need to start deciding on exactly what you want to achieve in the closing stages of this year.

Learn more about Live Wealthy, an exclusive coaching program designed for successful women who want to be confident.... and be rich. On Sunday, September 17th 2023, I’m holding an open house. So, if you want to get a behind-the-scenes site tour of Live Wealthy, click here!

What You'll Learn from this Episode:

  • My step-by-step process for auditing your money and your goals.
  • The important differences between being interested and being committed.
  • How to overcome the mental obstacles standing between you and your current goals.
  • Why it’s never too late in the year to start setting goals.
  • My favorite time to start setting goals.
  • The unhelpful thoughts your brain will offer you as you assess your progress on your goals.
  • How to see the success you’ve already created, and what’s possible for the future.

Listen to the Full Episode:

Featured on the Show:

 

Disclaimer: The content in this episode is not financial advice and is provided for educational purposes. Please consult with your licensed financial advisor for professional advice. Wealthy Mom MD does not advocate for the purchase or sale of any security or investment.

Get started on your journey to wealth by getting the best selling book: Defining Wealth for Women.

 

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Wealthy Mom MD with Bonnie Koo | Insurance: What Physicians and Entrepreneurs Need to Know with Larry Keller

178: Insurance: What Physicians and Entrepreneurs Need to Know with Larry Keller

178: Insurance: What Physicians and Entrepreneurs Need to Know with Larry Keller

Wealthy Mom MD with Bonnie Koo | Insurance: What Physicians and Entrepreneurs Need to Know with Larry KellerI've spoken before about the types of insurance you need to protect your money. This week, I've got my agent for life and disability insurance, Larry Keller, on the show to discuss the nuances of insurance and why you need it right now, especially if you plan on having children.

Even if you’re single, if you intend to have children at some stage in your life, you need life insurance. It’s cheaper now than it ever will be in the future, and if I hadn’t been insured when I was, I’d be paying a whole lot more than I am now. We’re also talking about disability insurance, which is something most people tend to overlook, but it’s definitely worth considering, especially if you’re moving into the world of entrepreneurship.

The last thing you want is for your loved ones to have to pick up the pieces if something unexpected happens. Tune in this week to discover everything you need to know about getting properly covered. We’re discussing why even people who aren’t working need life insurance, and why disability insurance is super important for entrepreneurs.

Learn more about Live Wealthy, an exclusive coaching program designed for successful women who want to be confident.... and be rich. On Sunday, September 17th 2023, I’m holding an open house. So, if you want to get a behind-the-scenes site tour of Live Wealthy, click here!

What You'll Learn from this Episode:

  • Why insurance planning might not be fun, but it is important.
  • Everything you need to know about life insurance.
  • Why we often overlook disability insurance, even though it's super important for entrepreneurs.
  • The big problem with delaying getting life or disability insurance.
  • What to consider if you’re thinking about getting disability coverage or life insurance.
  • Why, even if one person in a family isn’t working or earning, they’re still worth covering with life insurance.
  • What disability insurance looks like for entrepreneurs.

Listen to the Full Episode:

Featured on the Show:

 

Disclaimer: The content in this episode is not financial advice and is provided for educational purposes. Please consult with your licensed financial advisor for professional advice. Wealthy Mom MD does not advocate for the purchase or sale of any security or investment.

Get started on your journey to wealth by getting the best selling book: Defining Wealth for Women.

 

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Wealthy Mom MD with Bonnie Koo | 4 Ways to Save and Invest for Your Kids

177: 4 Ways to Save and Invest for Your Children’s Future

177: 4 Ways to Save and Invest for Your Children’s Future

Wealthy Mom MD with Bonnie Koo | 4 Ways to Save and Invest for Your KidsHow can you use your money to set your kids up for the future? Today’s episode is all about how you can save and invest for your family if that’s something you can afford to do. Saving to pay for your kid’s college tuition is a wonderful gift, but lesson number one here is not to start saving and investing for your kids at the expense of your own financial planning.

If you’re looking for a simple way to save for or invest in your child’s future, I’ve got you covered in today’s episode. I’ve created a relatively easy system around saving for my son’s college, and I’m sharing my tips with you today.

Tune in this week to discover four ways you can start saving for your child’s future. I’m discussing your best options for saving money on taxes, helping your money grow, and giving you all the considerations we need to make when we’re investing and saving for our kids.

Learn more about Live Wealthy, an exclusive coaching program designed for successful women who want to be confident.... and be rich.

What You'll Learn from this Episode:

  • Your options for banking products when saving for your kid’s education.
  • How to save and invest for your child’s college tuition without paying taxes on the returns.
  • Extra state-specific considerations that could save you money.
  • The details of my specific savings and investment plan for my son’s college tuition.
  • An amazing way for entrepreneurs to save on taxes by employing their kids.
  • Some common mistakes to avoid that will slow the growth of your money.

Listen to the Full Episode:

Featured on the Show:

 

Disclaimer: The content in this episode is not financial advice and is provided for educational purposes. Please consult with your licensed financial advisor for professional advice. Wealthy Mom MD does not advocate for the purchase or sale of any security or investment.

Get started on your journey to wealth by getting the best selling book: Defining Wealth for Women.

 

Read More
Wealthy Mom MD with Bonnie Koo | Pivoting to Entrepreneurship with Dr. Jimmy Turner

176: Pivoting to Entrepreneurship with Dr. Jimmy Turner

176: Pivoting to Entrepreneurship with Dr. Jimmy Turner

Wealthy Mom MD with Bonnie Koo | Pivoting to Entrepreneurship with Dr. Jimmy TurnerMy guest this week has had an incredible journey in business and entrepreneurship. If you’re a physician, while you’re listening today, I want you to ask yourself, “How could this apply to me?” because today’s episode is really about deciding what you want to do, what would make you fulfilled, and showing you that it’s possible to do something else with your life and not feel guilty about it.

Dr. Jimmy Turner is the Chief Medical Officer and co-founder of Attend: a financial platform built by physicians, for physicians. Jimmy is also a practicing academic anesthesiologist, author of The Physician Philosopher’s Guide to Personal Finance, and host of the Money Meets Medicine Podcast. He’s made many pivots in his career, and he’s here to challenge the idea that pivoting is somehow bad.

Tune in this week to challenge the idea that once you’re practicing medicine, you need to stay that way forever. We’re discussing transitioning into entrepreneurship, charging for your services, and Jimmy is discussing the realities of burning out both as a physician and an entrepreneur, and how he’s pivoted as necessary each time he’s hit the wall.

Learn more about Live Wealthy, an exclusive coaching program designed for successful women who want to be confident.... and be rich.

What You'll Learn from this Episode:

  • Jimmy’s journey in business while continuing to practice medicine part-time.
  • Why personal finance is a huge passion of Dr. Jimmy Turner.
  • How Jimmy has always associated financial wellness with career satisfaction.
  • Why Jimmy believes he thrives as part of a team rather than as a solopreneur.
  • How Jimmy found coaching after burning out in his physician career.
  • Why charging as a physician feels normal, but charging as an entrepreneur can be challenging.
  • How to focus on profit instead of revenue as an entrepreneur, and keep things simple in your business.

Listen to the Full Episode:

Featured on the Show:

Get started on your journey to wealth by getting the best selling book: Defining Wealth for Women.

 

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Wealthy Mom MD with Bonnie Koo | Emotional Wealth vs. Material Wealth

175: Emotional Wealth vs. Material Wealth

175: Emotional Wealth vs. Material Wealth

Wealthy Mom MD with Bonnie Koo | Emotional Wealth vs. Material WealthLast week’s episode was all about how your net worth has nothing to do with your inherent worth as a human being. This got me thinking about a previous episode that will help really drive this point home. It’s all about emotional wealth versus material wealth, and it’s a super important lesson.

Being wealthy is about more than having tons of cash. There is so much that contributes to our overall wealth, and one of those things is how emotionally wealthy we are. A lot of us go through life thinking we have no control over our emotions and our experiences, and this leads to emotional poverty, which actually has a huge impact on your ability to build material wealth. It’s time to start building that emotional wealth.

Tune in this week to discover how to begin building the financial foundation of emotional wealth. I’m sharing how a lack of emotional wealth affects your wallet, and what you can do about it, so you can begin building success from a place of Wealth Confidence.

Learn more about Live Wealthy, an exclusive coaching program designed for successful women who want to be confident.... and be rich.

What You'll Learn from this Episode:

  • What it means to be in emotional poverty versus being emotionally wealthy.
  • Why you’re allowed to be happy, no matter how much money you have.
  • How to start moving from emotional poverty to emotional wealth.
  • What you can do to take your emotional wealth and use it to cultivate Wealth Confidence.
  • How Wealth Confidence is the best-kept secret for helping you create financial wealth.

Listen to the Full Episode:

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Get started on your journey to wealth by getting the best selling book: Defining Wealth for Women.

 

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Wealthy Mom MD with Bonnie Koo | Untangling Your Net Worth and Your Inherent Worth

174: Untangling Your Net Worth and Your Inherent Worth

174: Untangling Your Net Worth and Your Inherent Worth

Wealthy Mom MD with Bonnie Koo | Untangling Your Net Worth and Your Inherent WorthAs humans, we have a tendency to compare. You may have read about or even heard me talking about the idea of "compare and despair." We often compare ourselves to other people, especially when it comes to money. However, my message to you this week is: your net worth has nothing to do with your worth as a human.

Your net worth and your worth as a human are entirely unrelated, but I personally know how easy it is to think these two things are connected. Before you spiral into shame about your peers appearing more financially successful than you, tune in this week to discover why it’s a natural thing to do and how to recognize your inherent worth as a human being.

Tune in this week to discover why your net worth has nothing to do with your actual worth as a human being. I'm sharing what I mean when I talk about your worth as a human, explaining why we often intertwine net worth and human worth, and most importantly, how to untangle your net worth from your inherent worth as a human being.

Learn more about Live Wealthy, an exclusive coaching program designed for successful women who want to be confident.... and be rich.

What You'll Learn from this Episode:

  • Why, as humans, we compare ourselves to others.
  • How we think comparison helps us understand who we are.
  • The power of intentional gratitude and appreciation.
  • Why your net worth has nothing to do with your worth as a human being.
  • How to see that you are inherently worthy as a human being.

Listen to the Full Episode:

Featured on the Show:

Get started on your journey to wealth by getting the best selling book: Defining Wealth for Women.

 

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Wealthy Mom MD with Bonnie Koo | Stop Taking Your Charting Home with Dr. Sarah Smith

173: Stop Taking Your Charting Home with Dr. Sarah Smith

173: Stop Taking Your Charting Home with Dr. Sarah Smith

One of the biggest complaints I hear from physicians is dealing with charting. Many of you find yourselves charting at night and on weekends, spending hours on it without getting paid. It’s the bane of a physician’s existence. But did you know that it’s possible to get your charting done before you get home? If you think that sounds unrealistic, this episode is for you.

Sarah Smith is a Charting Coach for Physicians, as well as a practicing Rural Family Physician in Alberta, Canada. She has helped over 150 physicians in the specific area of getting their charting done before going home. Sarah has a passion for reducing burnout and uses evidence-based coaching to help clinical physicians find simple solutions within their clinical environments.

If you want to know how to stop bringing your charting work home with you without diminishing the quality of your notes and patient care, tune in this week for my conversation with Dr. Sarah Smith. We’re discussing the cost of doing your charting in your free time, the barriers stopping you from doing your charting during clinical hours, and Sarah’s tips for making changes to how you do your charting.

Learn more about Live Wealthy, an exclusive coaching program designed for successful women who want to be confident.... and be rich.

What You'll Learn from this Episode:

  • How charting is a serious contributor to physician burnout.
  • Why you don’t need to take your charting home.
  • What you’re missing out on when you’re taking your charting work home.
  • How to see the language you’re using that’s costing you valuable time with your patients.
  • The top barriers stopping physicians from getting their charting done during clinical time.
  • Why your value is not only your time.
  • How to approach the idea of getting your charting done before you get home.

Listen to the Full Episode:

Featured on the Show:

 

Get started on your journey to wealth by getting the best selling book: Defining Wealth for Women.

 

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Wealthy Mom MD with Bonnie Koo | How to Change Your Habits with Dr. Kristi Angevine

172: How to Change Your Habits with Dr. Kristi Angevine

172: How to Change Your Habits with Dr. Kristi Angevine

Wealthy Mom MD with Bonnie Koo | How to Change Your Habits with Dr. Kristi AngevineAre you aware of your habits? This week, I’m joined by habits expert Dr. Kristi Angevine. We dive deep into a whole range of habits and behaviors and how they relate to personal development. As you listen, I want you to see what resonates with you, and decide on the habits you have that you want to change.

Dr. Kristi Angevine is an OB/GYN who has moved into full-time life coaching. She focuses specifically on habits and identifying the areas in your life where you don’t realize you’ve developed habits, especially unhelpful ones. Once you begin noticing the habits you’ve developed and you decide you want to start doing things differently, that’s when you’re able to make big changes in your life.

Tune in this week to discover what habits are, why they matter, and how people misunderstand their habits. We’re discussing where habits come from, why thinking certain thoughts is a habit you may never have noticed, and how to question and interrogate the core beliefs that drive your habits.

Learn more about Live Wealthy, an exclusive coaching program designed for successful women who want to be confident.... and be rich.

What You'll Learn from this Episode:

  • What a habit is and why it's different than you might think.
  • Where our subconscious habits come from.
  • What it means to be an objective observer of your thoughts.
  • How we get into an all-or-nothing mentality with our thoughts.
  • Some of the habits that people don’t think of as habits.
  • The difference between being thoughtful versus ruthlessly second-guessing.
  • How to start looking at your relationship with your habits and decide what you want to change.

Listen to the Full Episode:

Featured on the Show:

 

Get started on your journey to wealth by getting the best selling book: Defining Wealth for Women.

 

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Wealthy Mom MD with Bonnie Koo | 5 Questions to Discover What Really Matters to You

171: 5 Questions to Discover What Really Matters to You

171: 5 Questions to Discover What Really Matters to You

Wealthy Mom MD with Bonnie Koo | 5 Questions to Discover What Really Matters to YouFor my birthday a few weeks ago, I decided to go on a solo retreat to the Miraval Resort for two nights. Since becoming an entrepreneur, I've found that I need a lot more alone time than I previously did. A few days of meditation, self-reflection, and prioritizing myself were exactly what I needed.

As professionals and entrepreneurs, we spend a lot of time on our work and not as much time on ourselves. I hear from people all the time who say it's difficult to prioritize themselves because of everything going on. If you're ready to take some time just for you to recharge but haven't given yourself permission to do it yet, this episode is for you.

Tune in this week to discover what I did during my solo birthday retreat, how I relaxed and took time to think, and the practices I decided to take away with me. I'm also sharing five questions you can ask yourself to decide what's most important to you and how they can become a bigger part of your life.

Learn more about Live Wealthy, an exclusive coaching program designed for successful women who want to be confident.... and be rich.

What You'll Learn from this Episode:

  • Why I knew I wanted to take a solo retreat for my birthday this year.
  • What I did during my birthday solo retreat at Miraval.
  • How I relaxed and got into a more introspective state of mind.
  • Some habits and practices I’ve decided to bring back from my retreat into my daily life.
  • 5 questions designed to help you figure out what’s actually important to you right now.

Listen to the Full Episode:

Featured on the Show:

 

Get started on your journey to wealth by getting the best selling book: Defining Wealth for Women.

 

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Get started on your journey to wealth by getting the best selling book: Defining Wealth for Women.