Podcast

The Wealthy Mom MD Podcast with Dr. Bonnie Koo | Being Debt-Free Doesn’t Make You Rich

94: Being Debt-Free Doesn’t Make You Rich

94: Being Debt-Free Doesn’t Make You Rich

The Wealthy Mom MD Podcast with Dr. Bonnie Koo | Being Debt-Free Doesn’t Make You RichToday, I’m talking all about debt. I’ve spoken about it before, and there is a whole chapter about it in my book. However, I believe it’s a topic we can’t talk about enough. Most of us have a terrible relationship with debt. It makes us feel shame, stress, and we want to avoid it at all costs.

One thing I’ve noticed more and more lately is people wanting to celebrate being debt-free. Now, while it’s not a bad thing to celebrate paying off our debts, why isn’t it just as normal to publicly celebrate how much money we have and make? So today, I’m bringing a new angle to the debt conversation.

Tune in this week to discover why a fear of debt is never going to make you rich. We all want security, and debt seems risky. But in this episode, I’m showing you how you have more control over your money than you think, and debt has an important role to play.

If you're ready to take control of your money and practice medicine on your terms, you need to check out Money for Women Physicians. Click here to learn more!

What You'll Learn from this Episode:

  • Why it doesn’t make sense that we publicly celebrate being debt-free, but not becoming rich.
  • How I define and like to think about debt.
  • Why it’s so important that we work to neutralize debt as a concept.
  • The negative beliefs about debt we’re reinforcing when paying it off is our main focus.

Listen to the Full Episode:

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  • Learn more about Money for Women Physicians where you'll learn the tools to make practicing medicine OPTIONAL.
  • Follow me on Instagram
  • Join me in the Defining Wealth for Women Live virtual book club! Sign up here and we'll send you all the details.

 

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The Wealthy Mom MD Podcast with Dr. Bonnie Koo | Money and Shame

93: Money & Shame

93: Money & Shame

The Wealthy Mom MD Podcast with Dr. Bonnie Koo | Money and Shame One of the biggest barriers that stands in the way of us making money, enjoying money, and ultimately having as much of it as possible is shame. So many women experience shame in various areas of their lives, so it’s time to talk about it so we can begin to change this story.

Shame brings up a lot of negative emotions, and negative emotion can never be a driver of positive change. When we feel shame or any negativity, it’s because we think there’s something wrong with us, and we generally try to make ourselves feel better as quickly as possible. We try to focus on something else instead, like Netflix. But what if there’s actually nothing wrong with you?

Tune in this week to discover the key to creating positive changes in your life. I’m sharing where our shame comes from so you can see how to stop beating yourself up and indulging in shameful thinking and self-judgment, especially around money.

Join me for Defining Wealth For Women Live, a FREE 30-day book club party! Hang out with me and other readers in our private pop-up Facebook group and get coached on topics from the book. I can't wait to see you there! 

If you're ready to take control of your money and practice medicine on your terms, you need to check out Money for Women Physicians. Click here to learn more!

What You'll Learn from this Episode:

  • Why women are particularly prone to shame, especially around money.
  • How not talking about money only perpetuates the shame so many women experience.
  • Why you can never make a positive change from a place of negative emotion.
  • Where your focus should be if you want to create lasting change.

Listen to the Full Episode:

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The Wealthy Mom MD Podcast with Dr. Bonnie Koo |

92: Women, This is Your Brain on Money

92: Women, This is Your Brain on Money

The Wealthy Mom MD Podcast with Dr. Bonnie Koo | I recently gave a talk at a physician wellness conference, specifically for physician coaches. So for this week, I’ve adapted what I shared in that live talk for the podcast, and it serves as the perfect manifesto for my why behind the work that I do, and behind my new book Defining Wealth for Women.

How much money do you want to make? For this episode, that question is going to be front and center because once you’re clear on what you want to achieve, I’m showing you everything that’s standing in your way, why it seems so out of reach right now, and how to start overcoming all of it.

Tune in this week to discover why making money and practicing medicine on your terms seems so difficult in this moment, and what your role is as a woman in creating change and normalizing making serious money.

If you’re ready to challenge your beliefs, completely transform how you think about money, and get excited about making a lot of it, I’m inviting you to join me for my virtual book club Defining Wealth for Women Live. There are going to be eight live calls, each coinciding with a chapter of my new book Defining Wealth for Women: Peace, Purpose, and Plenty of Cash.

What You'll Learn from this Episode:

  • Why I decided to become a coach and help physicians make more money.
  • How our brains naturally get in our way when it comes to making a lot of money.
  • The 3 things your brain is naturally motivated by.
  • Where our historical socialization as women has us believing insidious messages about our ability to handle money.
  • Why now is the time to make a change and start what I’m calling the Women’s Wealth Revolution.

Listen to the Full Episode:

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The Wealthy Mom MD Podcast with Dr. Bonnie Koo | Making Decisions 2.0

91: Making Decisions 2.0

91: Making Decisions 2.0

The Wealthy Mom MD Podcast with Dr. Bonnie Koo | Making Decisions 2.0Last week, we discussed three skills that are going to move you forward in 2022. And this week’s episode goes hand-in-hand with that one because one more skill you’re going to need this year is making decisions, and making them quickly.

The most successful people I know are those who make decisions quickly and start taking massive action on them fast. So this week, we’re replaying an episode I recorded about a year ago all about making decisions. The ability to make decisions moves us forward in so many ways, and it’s a huge part of my work as a coach, so it’s important to check in with this topic from time to time.

Join me on the podcast this week to discover how to make the best decision every time, whether big or small, and how to follow through and honor those decisions with real conviction. I’m sharing where indecision keeps us stuck, and how you can spot where you’re holding yourself back due to fear of making a “bad” decision.

If you're ready to take control of your money and practice medicine on your terms, you need to check out Money for Women Physicians. Click here to learn more!

What You'll Learn from this Episode:

  • Why not making a decision is also a decision itself.
  • How detrimental it can be if you choose to be someone who does not make decisions.
  • Why you will never know whether you’re making the right decision for you until you actually make it.
  • One question to ask yourself if you’re struggling with making any decision.
  • How to become better at honoring the decisions you make.

Listen to the Full Episode:

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The Wealthy Mom MD Podcast with Dr. Bonnie Koo | 3 Skills to Master in 2022

90: 3 Skills to Master in 2022

90: 3 Skills to Master in 2022

The Wealthy Mom MD Podcast with Dr. Bonnie Koo | 3 Skills to Master in 2022This is the final episode of 2021 and we’re all looking forward to a new year. So, what do you want to bring into your life in 2022? Well, if you haven’t thought about it much yet, don’t worry because I’m giving you three important skills that I believe we should all master in 2022.

What I’m sharing today is really a lifelong practice, and we’re not going to master them immediately. They’re all things I’ve discussed before, but since it’s that time of year, we’re going really focus on how we can make them a part of our daily practices for the coming 12 months.

Tune in this week to discover the skills that are going to make your 2022 incredible, and how to start the work of mastering them. I’m sharing the importance of accepting where you are right now, stopping fighting with your negative emotions, and living in the gain over the next year.

If you're ready to take control of your money and practice medicine on your terms, you need to check out Money for Women Physicians. Click here to learn more!

What You'll Learn from this Episode:

  • 3 skills you need to master in 2022.
  • How I see so many people having a hard time accepting where they are right now.
  • What it means to stay in the gain in 2022.
  • Why we try so hard to avoid discomfort.
  • How to start allowing negative emotions and why doing this will change your life.

Listen to the Full Episode:

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The Wealthy Mom MD Podcast with Dr. Bonnie Koo | Emotional Childhood & Adulthood: Empowering Yourself During the Holidays

89: Emotional Childhood & Adulthood: Empowering Yourself During the Holidays

89: Emotional Childhood & Adulthood: Empowering Yourself During the Holidays

The Wealthy Mom MD Podcast with Dr. Bonnie Koo | Emotional Childhood & Adulthood: Empowering Yourself During the HolidaysThis time of year is supposed to be joyous, and I hope it is for you. But it also tends to bring up a lot of emotions, stories, and angst. So, if you’re struggling with any of that right now and you’re not feeling empowered, you’re in the right place because I’m sharing an amazing concept that puts all of this into perspective.

I originally learned about the idea of emotional childhood and adulthood when I was in coach training. It’s a simple concept, but it’s incredibly powerful, and it really puts how we think about our responsibilities at this time of year into perspective so we can actually experience more joy and less stress during the holidays and in life in general.

Tune in this week to discover how to use emotional adulthood to your advantage at this time of year. This isn’t about being perfect 100% of the time, but I’m showing you how to see where you’re disempowering yourself emotionally, and what you can do to start empowering yourself.

If you're ready to take control of your money and practice medicine on your terms, you need to check out Money for Women Physicians. Click here to learn more!

What You'll Learn from this Episode:

  • Why the word responsibility is a heavy one for me and so many people at this time of year.
  • The differences between emotional childhood and emotional adulthood, and how these show up during the holidays.
  • Why our brains actually prefer us to be in a place of disempowerment.
  • How to see where you’re feeling disempowered, and how to empower yourself more this holiday season.

Listen to the Full Episode:

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The Wealthy Mom MD Podcast with Dr. Bonnie Koo | A New Way to Measure Progress and Set Goals in 2022

88: A New Way to Measure Progress and Set Goals in 2022

88: A New Way to Measure Progress and Set Goals in 2022

The Wealthy Mom MD Podcast with Dr. Bonnie Koo | A New Way to Measure Progress and Set Goals in 2022In the last episode, I reprised a podcast I did on how to reflect on the past year and take a look at everything you did or perhaps didn’t accomplish. Well, as promised, this podcast is all about how to take this information and move forward in 2022. I also just finished reading an amazing book, and I have a concept to share with you that really elevates what we learned in the last episode.

Most of us measure our progress by setting a goal and constantly looking at where we are now and how far away we are from the goal. But when you do this, you’re looking at The Gap, and that doesn’t feel good. So, in this episode, I’m showing you how to instead live in The Gain as you work towards new heights in 2022.

Tune in this week to discover a new way to start measuring your progress over the past 12 months, and a different way to look at planning and setting goals in 2022. I’m sharing why the way we traditionally set goals leads to the majority of people quitting before they’ve really gotten started, and how to set yourself up for success in 2022, whatever that looks like for you personally.

If you're ready to take control of your money and practice medicine on your terms, you need to check out Money for Women Physicians. Click here to learn more!

What You'll Learn from this Episode:

  • Why going after goals by focusing too heavily on where you are is not helpful.
  • How being in The Gap leads to compare and despair.
  • The ways I see people living in The Gap, particularly when it comes to money.
  • How to start living in The Gain when it comes to working towards your goals in 2022.
  • Where so many people go wrong in planning their goals for a new year.
  • What I believe the point of a new goal actually is.
  • How to set your goals and plan in a new way and get clear on your priorities for 2022.

Listen to the Full Episode:

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The Wealthy Mom MD Podcast with Dr. Bonnie Koo | Reflections & Looking Forward 2.0

87: Reflections & Looking Forward 2.0

87: Reflections & Looking Forward 2.0

The Wealthy Mom MD Podcast with Dr. Bonnie Koo | Reflections & Looking Forward 2.0This week, I’m reprising an episode I did at the end of 2020 about how to do a year-end reflection. This is something that I personally do every December, and I believe everybody should be doing this. There are so many things we get excited about planning, like vacations, but how many of us put the same amount of time and energy into planning our lives?

As physicians, we planned the first few years of our training and career, so it’s pretty common for us to revert to autopilot after a while. But right now is the perfect time to reflect and decide what you want for your life moving forward, and so this week, we’re discussing looking back before we take a deep dive into planning in next week’s episode.

Join me on the podcast this week as I share my year-end reflection exercise with you. I’m breaking each step down and showing you how I do this exercise for myself, and I’ll be giving you a very brief update on my own reflections from 2021 (so far).

If you're ready to take control of your money and practice medicine on your terms, you need to check out Money for Women Physicians. Click here to learn more!

What You'll Learn from this Episode:

  • How to look back over your year and reflect on the amazing things you’ve done. 
  • Why it’s so important to reflect on what you’ve accomplished this year before you set your new goals and resolutions for the next year. 
  • What has really helped me as I look back on 2021 for myself.
  • Why beating yourself up for what you didn’t accomplish isn’t helpful.

Listen to the Full Episode:

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The Wealthy Mom MD Podcast with Dr. Bonnie Koo | Are You Thinking Useful Thoughts?

86: Are You Thinking Useful Thoughts?

86: Are You Thinking Useful Thoughts?

The Wealthy Mom MD Podcast with Dr. Bonnie Koo | Are You Thinking Useful Thoughts?There are two types of thoughts that my clients seem to struggle with when they come to me, and maybe you can relate. The first one is, “I need to know everything before I can do something.” I tend to see this type of thinking when it comes to starting a program. The second one is, “I am so behind.”

Both of these thoughts come up a lot in my program, both come from a place of scarcity, and neither are useful. There’s a saying in the finance community: “You should never invest in anything you don’t completely understand.” And I partially agree with that, but I strongly believe it’s equally important to take real action, instead of just taking passive action.

Tune in this week to discover the lack and scarcity that is stopping you from creating true wealth. I’m sharing why you’re not actually behind, and you don’t need to understand everything in order to start investing and making your money work for you. We’re always learning, so don’t miss out because you’re not thinking useful thoughts.

If you're ready to take control of your money and practice medicine on your terms, you need to check out Money for Women Physicians. Click here to learn more!

What You'll Learn from this Episode:

  • The lack and scarcity that comes from believing you need to know 100% of everything to extract the full value out of a program or investment.
  • Why so many people struggle with the assumption that they need to know everything before they start something.
  • The passive actions that so many people spend too much time on before they invest.
  • Why believing that you are behind is not serving you.
  • How I decided to start my real estate journey before I fully understood it.
  • Why taking the leap is actually the best motivator to start learning more.

Listen to the Full Episode:

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The Wealthy Mom MD Podcast with Dr. Bonnie Koo | Giving and Philanthropy for Physicians with Dr. Recha Bergstrom

85: Giving and Philanthropy for Physicians with Dr. Recha Bergstrom

85: Giving and Philanthropy for Physicians with Dr. Recha Bergstrom

The Wealthy Mom MD Podcast with Dr. Bonnie Koo | Giving and Philanthropy for Physicians with Dr. Recha BergstromThis episode is such a fitting topic for Thanksgiving. We’re talking about philanthropy. Now, you’re probably thinking philanthropy is only for super-rich people. But my guest Dr. Recha Bergstrom is here to discuss this and we’re going to try and change your mind on that. Recha is a radiologist based out of Northern California, and we got connected by a mutual coach friend because of her knowledge of philanthropy and giving. 

One thing I’ve been trying to do in my business is give money to causes that I feel strongly about. However, I found myself overwhelmed by having to choose an organization, and even how to even make a donation, and Recha helped me greatly through this process.

Tune in this week to discover why you don’t have to be a billionaire to be a philanthropist. Recha is sharing how to decide where you want to focus your giving, and why there is no donation too small to make a difference.

If you're ready to take control of your money and practice medicine on your terms, you need to check out Money for Women Physicians. Click here to learn more!

What You'll Learn from this Episode:

  • How Recha became a philanthropy educator for physicians.
  • Why you don’t need to be a billionaire to be a philanthropist.
  • How we unconsciously perpetuate a mindset that we don’t have enough money to give.
  • Where I struggled so much with picking a charity I really wanted to help.
  • How to decide whether an organization you want to help is reliable and in good standing.
  • What the Effective Altruism Movement is and how it helps you make the biggest impact with your money.
  • How to decide where you want to start your giving journey and how you can support the causes that matter to you.

Listen to the Full Episode:

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Get our guide

Get started on creating wealth. Sign up for the free video training -- Money Reset for Women Physicians.