Podcast

Wealthy Mom MD | The Truth About Right and Wrong Decisions

110: The Truth About Right and Wrong Decisions

110: The Truth About Right and Wrong Decisions

Wealthy Mom MD | The Truth About Right and Wrong DecisionsWe often categorize past decisions as right or wrong. First of all, what does that even mean? And why are there only two ways to view our past decisions? When we only think in black or white, we seriously limit the positive outcomes we can perceive a decision to have. So, what if there were no right or wrong in this situation?

I have talked about making decisions multiple times on the podcast, but I’ve never really dived deep into looking back at past decisions. If you’re afraid of taking risks, making the wrong decision, and losing money, you need to lean into what I’m putting down today.

Tune in this week to discover the truth about right decisions versus wrong decisions. I’m sharing how this kind of all-or-nothing thinking makes decision-making even harder than it needs to be, and how you can view any decision you make any way you want to.

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 only giving ourselves two opposing options when we look back at our past decisions doesn’t help us accurately assess them.
  • How black-or-white thinking about how we view decisions often leads to indecision.
  • Where I felt I’d made wrong decisions in my business in the last year, and why that wasn’t necessarily true.
  • How to see where you need to look at your decisions through a wider lens.
  • Why it’s 100% up to you to decide whether you made the “right” decision or not.

Listen to the Full Episode:

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Wealthy Mom MD | Let it Be Simple

109: Let it Be Simple

109: Let it Be Simple

Wealthy Mom MD | Let it Be SimpleI really love thinking on and problem-solving the things that come up for my clients most often. One thing I’ve noticed a lot in my work as a coach is that, as humans, we love to make things complicated. We like to hang out in our brains, and we get overwhelmed. We do this with money, but we also do it when we’re learning anything new.

Especially as physicians, we think we need to learn everything at once and we pride ourselves on being able to absorb large amounts of information in our profession. I get that you’re eager to jump in and learn everything there is to know about money, weight loss, and thought work, but this makes the process more complicated than it needs to be. So, I’m sharing a simple solution with you in today’s episode.

Tune in this week to discover how to simplify literally anything. I’m sharing how to decide for yourself what simplicity looks like, and how doing so will allow you to really learn and experience anything that you’re currently trying to wrap your brain around.

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 we love to make things complicated, and why anything can be simple if you allow it to be.
  • The most common objections I get from clients when helping them simplify learning about money.
  • How to develop confidence and trust in your ability to achieve any goal.
  • 3 questions that have helped me tremendously in simplifying any process for myself and my clients.

Listen to the Full Episode:

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Wealthy Mom MD | Your Words Create Your World

108: Your Words Create Your World

108: Your Words Create Your World

Wealthy Mom MD | Your Words Create Your WorldAbout 20 years ago, I took a personal development course. One of the programs was about communication, and while I don’t remember all of the details of that course, there was one sentence that really sticks out for me: your words create your world.

This basically means that the words that come out of your mouth create your reality. I’m sure you’ve heard some version of this before, but I’ve found it to be 100% true. The words we use to describe our experience, even internally, affect how we experience our lives. So, what are you telling yourself about your own life?

Tune in this week to get clear on the ways you’re relinquishing control of your life through the words you speak, both outwardly and to yourself. I’m also sharing some amazing news for you if you have outstanding student debt, so keep your ears open for that.

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 words we use have such a profound effect on our experience.
  • How the words we use directly impact our thoughts and feelings.
  • Why we tell ourselves we don’t have a choice about how we approach our lives.
  • How to start exercising the control you have over how you live your life by choosing your words more intentionally.
  • Why your outstanding student debt might mean you’re currently leaving thousands of dollars on the table.

Listen to the Full Episode:

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Disclaimer: Some of the above links are affiliate links meaning I may receive a commission if you purchase using my link.

 

Get started on creating wealth. Get my book -- Defining Wealth for Women.

 

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The Wealthy Mom MD Podcast with Dr. Bonnie Koo | Money Doesn’t Make You Happy

107: Money Doesn’t Make You Happy

107: Money Doesn’t Make You Happy

The Wealthy Mom MD Podcast with Dr. Bonnie Koo |  Money Doesn’t Make You HappyToday’s episode is going to be a little different. I have one big announcement, so keep listening for that. But first, I want to take a little time to discuss my journey with all of you. You’ll know that my name is Bonnie, I’m a dermatologist, a mother, and a coach. But in this episode, I’m formally reintroducing myself because things are changing over here.

As I look back on the last few years, after residency, my first attending job, and having my son Jack, I was working in private practice, just starting to work on growing my wealth and financial independence, on this journey, I always wanted more. I thought that if I had more money, I’d be happier. But I’ve learned that achieving external goals doesn’t lead to permanent satisfaction.

Tune in this week to discover why being financially independent or wealthy isn’t the secret to happiness. I’ve learned that enjoying life right now is a skill, and I’m sharing how my coaching has evolved and is still evolving to include more incredible and insightful topics besides money.

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 it’s normal, especially as high-achievers, to believe we will be happier when we bring new things into our lives, whether it’s money, a job, a house, or anything like that.
  • Why nothing outside of us, like having more money, can ever do the job of making us happy in the long term.
  • The importance of being present to experience the awesome things your life has to offer.
  • Why your brain doesn’t like change.
  • How things have changed and are still changing over here at Wealthy Mom MD.
  • Why the key to financial wealth is to first increase your capacity for emotional wealth.

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
  • Resoré

 

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The Wealthy Mom MD Podcast with Dr. Bonnie Koo | Pearls of Wisdom from The Life Coach School Mastermind

106: Pearls of Wisdom from The Life Coach School Mastermind

106: Pearls of Wisdom from The Life Coach School Mastermind

The Wealthy Mom MD Podcast with Dr. Bonnie Koo | Pearls of Wisdom from The Life Coach School MastermindI just got back a few days ago from Austin, Texas for the annual Life Coach School Mastermind. After a couple of years' break due to the pandemic, it was amazing to be back in the presence of brilliant coaches, and this week, I’m sharing some pearls of wisdom that I took away from this conference.

This year’s theme was the A-line, which stands for Action in the Self Coaching Model. If you’re like most of my listeners, you love passive action, which often looks like studying and researching, and it may seem like a productive way to spend your time, but it’s not. The most successful people are great at making decisions and taking massive action, and on this episode, I’m showing you what that looks like.

Listen in this week as I share some of the gems I discovered at the Life Coach School Mastermind. You’ll learn the difference between passive action and massive action, why we have to celebrate making money, and how to take action towards the results you want, even if you’re feeling resistant to it. 

I am currently accepting applications for one-on-one private coaching. If you’re ready to finally get started on the life you’re dreaming of, click here to apply and schedule a consultation call with me. 

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 distinction between passive action and massive action.
  • What it means to hustle towards a result you want.
  • My favorite fuel for taking action. 
  • Why you don’t have to want to do something to take action on it.
  • An analogy to help you step out of compare and despair and focus on your own journey. 
  • How the arrival fallacy keeps you stuck. 

Listen to the Full Episode:

Featured on the Show:

 

Get started on creating wealth. Get my book -- Defining Wealth for Women.

 

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The Wealthy Mom MD Podcast with Dr. Bonnie Koo | Your Past, Present, and Future Self

105: Your Past, Present, and Future Self

105: Your Past, Present, and Future Self

The Wealthy Mom MD Podcast with Dr. Bonnie Koo | Your Past, Present, and Future SelfThere’s one important concept I use in my coaching work that I realized I haven’t talked about on the podcast. Now, it might sound a little out there at first, but I invite you to stay with me here because so much goodness and clarity have come out of this idea.

There are three versions of you: your past self, current self, and future self. When you’re thinking about your past self, like who you were last year, or even when you were a kid, it’s easy to be mean to yourself if you regret past decisions. However, when you can understand and compare your past self to your present and future self, so much about how you operate becomes clearer.

Tune in this week to stop spinning in regret or beating yourself up because of past decisions. I’m sharing how to stop arguing with your past self, and how to get clear on your present and future selves, so you can make decisions now that you don’t look back on negatively in the future.

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:

  • What my clients typically beat themselves up over in regard to their past.
  • Why everything you have done in the past makes perfect sense based on what you were thinking and believing at the time.
  • How to develop the kind of self-relationship that leads to less regret, no matter the circumstances.
  • Why shaming yourself never results in positive behavior change.
  • How to set goals as your future self while appreciating your past and present self.

Listen to the Full Episode:

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Get started on creating wealth. Get my book -- Defining Wealth for Women.

 

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The Wealthy Mom MD Podcast with Dr. Bonnie Koo | Women of Color: Judgment, Shame, and Wanting More with Brig Johnson

104: Women of Color: Judgment, Shame, and Wanting More with Brig Johnson

104: Women of Color: Judgment, Shame, and Wanting More with Brig Johnson

The Wealthy Mom MD Podcast with Dr. Bonnie Koo | Women of Color: Judgment, Shame, and Wanting More with Brig JohnsonI spoke a few episodes ago in Money and Racism about how money is different for not just women, but Women of Color. Well, in this episode, I have the perfect guest here to talk about exactly this topic. She has faced the kinds of struggles we’re talking about, and she’s made it her life’s work to help others overcome them too.

Brig Johnson is a life and mindset coach for high-achieving Black women. She is intimately familiar with the financial dynamics Black women face, and she does incredible work in empowering her clients to drop their internalized conditioning and create epic lives.

Tune in this week to discover the biggest hurdles Women of Color face when it comes to creating lots of money, and how to begin the work of moving past them. Brig is sharing stories from her own life as well as her clients’ lives about the limiting beliefs and social conditioning that so many Black women have to deal with, and how to see where these might be showing up in your life.

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 Brig helps her clients as a coach for high-achieving Black women.
  • The unique challenges Black women face when it comes to money.
  • Why it’s so difficult to even gain awareness of the conditioning we receive as Women of Color.
  • How thoughts about not belonging play into our beliefs about building wealth.
  • Where to look to see how limiting beliefs and uncomfortable thoughts are showing up in how you approach money.
  • Brig’s advice for anyone who’s struggling to believe they can have or make the money they want because of what they look like.

Listen to the Full Episode:

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Get started on creating wealth. Get my book -- Defining Wealth for Women.

 

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The Wealthy Mom MD Podcast with Dr. Bonnie Koo | Why Money Doesn’t Create Entitlement

103: Why Money Doesn’t Create Entitlement

103: Why Money Doesn’t Create Entitlement

The Wealthy Mom MD Podcast with Dr. Bonnie Koo | Why Money Doesn’t Create EntitlementI was coaching someone recently who worried they were spoiling their kids. This is a common concern among physicians. The vast majority of us earn multiple six figures, so what can we do to make sure our kids don’t grow up to have a sense of entitlement?

First of all, having a lot of money and giving our children opportunities isn’t what creates entitled and spoiled kids. They’re independent human beings with their own minds, and there are no guarantees either way. However, there are things you can do to just keep an eye on the situation if this is a fear you have.

Tune in this week to discover why it’s not having money that creates entitlement in our children. I’m sharing why we believe having money means our kids will be spoiled, and instead how you can address the thoughts you might be having that could lead to your child having unhealthy opinions about money.

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 I define entitled and spoiled and where the differences are.
  • The most common thoughts I see coming up for my clients about having money themselves.
  • Why money itself isn’t what changes or corrupts a person’s behavior.
  • Where entitlement really comes from.
  • How to see the things you can do to give your children greater awareness.

Listen to the Full Episode:

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The Wealthy Mom MD Podcast with Dr. Bonnie Koo | What You Need to Know About Student Loan Forgiveness with Travis Hornsby

102: What You Need to Know About Student Loan Forgiveness with Travis Hornsby

102: What You Need to Know About Student Loan Forgiveness with Travis Hornsby

The Wealthy Mom MD Podcast with Dr. Bonnie Koo | What You Need to Know About Student Loan Forgiveness with Travis HornsbyOn the podcast this week I have someone I consider to be a good friend of mine, Travis Hornsby. He's the founder of Student Loan Planner, a consulting company that helps physicians and other professionals really understand their student loans, their repayment options, and how you can save money either by refinancing or qualifying for the Public Service Loan Forgiveness Program (PSLF).

So many physicians have questions about their student loans, and with there being a PLSF waiver currently in place, I thought now was the perfect time to have Travis on the podcast. So if you’re looking to see how you can minimize your student debt and start putting your money towards buying and growing assets instead, you’re in the right place.

Tune in this week as I share a conversation I had with Travis about why you should pay attention to the PSLF waiver, even if you’re thinking you’re not eligible. Some physicians have gotten six figures of student debt forgiven, with one of my own clients making a $350,000 saving, so it’s definitely worth looking into, and Travis is here to walk us through it.

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 ways physicians can go about paying off their student loans.
  • How much Travis has managed to save his physician clients on their student loans.
  • Why you might be eligible for a huge debt waiver under PSLF.
  • How you might be eligible now, even if you haven't been eligible for loan forgiveness in the past.
  • The mistakes I made and so many other physicians make with their student loans.
  • Some of the one-sided advice floating around out there in the physician student finance space.
  • Why now is the time to get in touch with Travis and discover how he can help you.

Listen to the Full Episode:

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Get started on creating wealth. Get my book -- Defining Wealth for Women.

 

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The Wealthy Mom MD Podcast with Dr. Bonnie Koo | NRMP Match Day: How to Handle Disappointment

101: NRMP Match Day: How to Handle Disappointment

101: NRMP Match Day: How to Handle Disappointment

The Wealthy Mom MD Podcast with Dr. Bonnie Koo | NRMP Match Day: How to Handle DisappointmentEvery March is near and dear to my heart because it’s when the NRMP (National Resident Matching Program) Match Day happens. For those of you who don’t know, I didn’t match until the third time I applied to dermatology. Every year around this time, I see people on social media talking about Match Day and celebrating, and it brings up a lot of memories for me.

I know this is an experience so many doctors share. It was definitely not ideal that it took me so long to get a match for my chosen specialty. So, in this episode, I’m sharing what this experience was like for me, the lessons I learned at the time and in the years since, and how I look back on that whole chapter of my life.

Tune in this week for an insight into my experiences over the years around NRMP Match Day. I’m sharing the failures and what I made them mean, the emotional and mental impact of being the only unmatched dermatology applicant, and how my perspective on this situation has transformed over the past few years.

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 emotions I was experiencing when I found out I didn’t match in my first two attempts.
  • What I made it mean and how I tried to cope with my emotions around what I considered at the time to be a failure.
  • Why I decided not to give up after experiencing rejection twice, and how I made sure I’d get accepted on the third attempt.
  • How to start viewing your disappointments through a more neutral lens.

Listen to the Full Episode:

Featured on the Show:

  • Learn more about Money for Women Physicians where you'll learn the tools to make practicing medicine OPTIONAL.
  • Follow me on Instagram

 

Get started on creating wealth. Get my book -- Defining Wealth for Women.

 

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Get started on creating wealth. Get my book -- Defining Wealth for Women.