Podcast

Wealthy Mom MD with Bonnie Koo | Lessons from the Money and Wellness Conference for Women Physicians

204: Lessons from the Money and Wellness Conference for Women Physicians

204: Lessons from the Money and Wellness Conference for Women Physicians

Wealthy Mom MD with Bonnie Koo | Lessons from the Money and Wellness Conference for Women PhysiciansThe first-ever Money and Wellness Conference for Women Physicians in 2024 just concluded at the Miraval Arizona!

This is the first and only money conference specifically for women physicians that I know of, and it’s something I feel very strongly about. There is so much power and magic in meeting in person to discuss all things money and wellness, and I’m sharing some of my top takeaways with you in this episode.

From the location of the conference to the speakers and topics we covered, all of it was purposefully designed for relaxation and a focus on your personal growth. Listen in to hear my top takeaways from this conference, and nuggets of wisdom from the experts who shared their insights on topics like real estate, negotiation, charting, and emotional regulation.

Learn more about Money for Women Physicians, an exclusive money coaching program to get your money and mindset working for you.

What You'll Learn from this Episode:

  • My intentions and vision for the Money and Wellness Conference for Women Physicians.
  • The time and effort required for you to create passive income.
  • Why there is always learning to be had, even in an area in which you might be an expert.
  • The importance of thinking like an entrepreneur, even if you’re not one.
  • How to use a stress scale to practice emotional regulation.
  • Why you must understand the outcome you want out of a negotiation conversation.

Listen to the Full Episode:

Featured on the Show:

Get started on your journey to wealth by getting my FREE book- Defining Wealth for Women.

 

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Wealthy Mom MD with Bonnie Koo | Do You Even Need a Financial Planner? With Sim Terwilliger of SLP Wealth

203: Do You Even Need a Financial Planner? With Sim Terwilliger of SLP Wealth

203: Do You Even Need a Financial Planner? With Sim Terwilliger of SLP Wealth

Wealthy Mom MD with Bonnie Koo | Do You Even Need a Financial Planner? With Sim Terwilliger of SLP WealthThis week, I’m bringing you a conversation with a representative of another of my amazing sponsors: SLP Wealth. SLP stands for Student Loans Planner. As many of us know, student loans can be pretty complicated. But thanks to some recent changes, you could have the opportunity to get your loans forgiven. To discuss this, and also dive into financial planning in general, I’m joined by Sim Terwilliger.

Sim Terwilliger is a Certified Financial Planner and Certified Student Loan Professional with SLP Wealth. She is a passionate advocate for her clients in all stages of their financial life plans. Whether you want to take a sabbatical, figure out when you can retire, or you want to know how much house you can afford, Sim believes these choices are personal, and your financial plan should be too.

Tune in this week to discover why, especially as a physician, you need a financial planner on your side. Sim Terwilleger is discussing how SLP Wealth does things a little differently. We’re simplifying the common jargon you encounter in the financial planning space, and you’ll learn how to make sure your financial planner is working in your best interest and toward your specific goals.

Learn more about Money for Women Physicians, an exclusive money coaching program to get your money and mindset working for you.

What You'll Learn from this Episode:

  • Why SLP Wealth decided to take a different approach from typical financial planners.
  • Some of the unhelpful advice out there about student loans that prevents you from building real wealth.
  • Why, especially as a physician, you need a financial planner in your corner.
  • How SLP Wealth works with their clients to pursue their financial goals.
  • Some examples of how a financial planner can help you save on your tax bill.
  • How to know whether or not a financial planner is acting in your best interest.
  • What you need to know about student loan forgiveness in 2024.

Listen to the Full Episode:

Featured on the Show:

Get started on your journey to wealth by getting my FREE book- Defining Wealth for Women.

 

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Wealthy Mom MD with Bonnie Koo | Secrets to Successful Entrepreneurship for Physicians with Dr. Taryn Rose

202: Secrets to Successful Entrepreneurship for Physicians with Dr. Taryn Rose

202: Secrets to Successful Entrepreneurship for Physicians with Dr. Taryn Rose

Wealthy Mom MD with Bonnie Koo | Secrets to Successful Entrepreneurship for Physicians with Dr. Taryn RoseIf you’re unsure of what you want to do, but you know you want more revenue streams than just your medical income, this episode is for you. I’m joined by Dr. Taryn Rose, an extraordinary entrepreneur who has learned exactly what it takes to be successful in life, and she’s sharing all her secrets on today’s show.

In 1998, orthopedic surgeon Dr. Taryn Rose brought comfort to the world of luxury shoes. Using her intimate knowledge of the human body, she partnered with design experts and tech innovators to create a collection of shoes that looked beautiful and felt incredibly comfortable. She has since sold her original brand and created a new one called Enrico Cuini, which is sponsoring my Wellness Conference for Female Physicians.

Tune in this week to see behind the scenes on the journey of a doctor who became a successful entrepreneur. Dr. Taryn Rose is discussing how to assess risk when starting a business, the fundamentals of becoming profitable, and you’ll get some inspiration about what’s possible for you as a physician beyond your clinical income.

Learn more about Money for Women Physicians, an exclusive money coaching program to get your money and mindset working for you.

What You'll Learn from this Episode:

  • How Taryn developed a passion for shoes and made it into a successful business.
  • Why any area that lacks innovation is a great opportunity for an additional revenue stream.
  • How entrepreneurship, at its core, is about seeing a problem and coming up with a solution.
  • Taryn’s advice for physicians building a new business from the ground up.
  • Why every aspect of starting a business is learnable.
  • What you need to know about taking risks on your wealth-building journey.
  • Why Taryn believes more physicians should move toward their own private practice.

Listen to the Full Episode:

Featured on the Show:

Get started on your journey to wealth by getting my FREE book- Defining Wealth for Women.

 

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Wealthy Mom MD with Bonnie Koo | Take Control of Your Retirement Fund with Parker Pursell of eQRP

201: Take Control of Your Retirement Fund with Parker Pursell of eQRP

201: Take Control of Your Retirement Fund with Parker Pursell of eQRP

Wealthy Mom MD with Bonnie Koo | Take Control of Your Retirement Fund with Parker Pursell of eQRPWe are gearing up for our first annual Money and Wellness Conference for Female Physicians, and I’m showcasing another one of our wonderful sponsors for this event. This week, I’m joined by Parker Pursell, the CEO of eQRP. eQRP provides self-directed 401(k)s, and they’re a company I recommend to all of my clients.

If you’re looking to invest outside of the stock market but you don’t have the capital to get started, this is where eQRP can help you leverage your 401(k), 403(b), or even an IRA so you can invest the way you really want to and set yourself up for retirement.

If you want more control over your 401(k) or your IRA, this episode is for you. eQRP gives you the opportunity to avoid taxes and diversify your portfolio outside of Wall Street, and Parker is explaining how an investment vehicle like this is perfect for physicians who want to prepare for retirement as soon as possible.

Learn more about Money for Women Physicians, an exclusive money coaching program to get your money and mindset working for you.

What You'll Learn from this Episode:

  • How a self-directed 401(k) differs from your regular 401(k).
  • Why physicians need additional streams of income more than ever before.
  • What makes eQRP a great option for high-income earners, business owners, and side hustlers.
  • The extra flexibility in preparing for your retirement using eQRP.
  • Why having control over where your money is invested is vital for building wealth.
  • Some 401(k) mistakes you need to avoid.
  • How eQRP can help save on your tax bill using their investment vehicle.

Listen to the Full Episode:

Featured on the Show:

Get started on your journey to wealth by getting my FREE book- Defining Wealth for Women.

 

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Wealthy Mom MD with Bonnie Koo | Dealing with the Unexpected with Karen Leitner

200: Dealing with the Unexpected with Karen Leitner

200: Dealing with the Unexpected with Karen Leitner

Wealthy Mom MD with Bonnie Koo | Dealing with the Unexpected with Karen LeitnerToday I’m joined on the podcast by my good friend Karen Leitner! Karen is a primary care doctor and certified life coach who helps women physicians feel better and happier in their lives. We’ve both had our fair share of experiences that didn’t go as we’d expected, so we’re getting into some real talk about a couple of recent incidents and discussing why it’s never too late to change things up.

There are tons of lessons to be learned when things don’t go perfectly. It’s okay to still be annoyed about something going wrong, but especially as doctors, we feel like we can’t complain about our lives. However, fully processing what’s going on is the key to finding the positives in any situation.

Tune in this week to discover how we deal with situations where nothing is going how we’d planned. We’re sharing the pressure we’re under as physicians to never acknowledge when we need a break, why it’s never too late to change, how we handle negative feedback, and you’ll learn some super useful coaching tools for living your life when others are criticizing you.

Learn more about Money for Women Physicians, an exclusive money coaching program to get your money and mindset working for you.

What You'll Learn from this Episode:

  • How our thoughts hold us back from trying new things.
  • Why it’s okay to feel upset or annoyed when things go wrong, even if, in general, we feel lucky and grateful.
  • 2 tricky situations we each had to deal with recently where things didn’t go as expected.
  • Why, as physicians, we agonize over calling in sick and we don’t seek out care.
  • How we choose to handle negative feedback.
  • Our favorite coaching tools to use when it feels like nothing is going right.
  • Why it’s never too late to change the way you approach your life.

Listen to the Full Episode:

Featured on the Show:

Get started on your journey to wealth by getting my FREE book- Defining Wealth for Women.

 

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Wealthy Mom MD with Bonnie Koo | 6 Steps for Protecting Your Family’s Future with Pamela Maass Garrett

199: 6 Steps for Protecting Your Family’s Future with Pamela Maass Garrett

199: 6 Steps for Protecting Your Family’s Future with Pamela Maass Garrett

Wealthy Mom MD with Bonnie Koo | 6 Steps for Protecting Your Family’s Future with Pamela Maass GarrettContinuing with our recent topic of protecting your assets and securing your family’s financial health, it’s time to talk about estate planning. I’m joined for this conversation by Pamela Maass Garrett, an estate planning lawyer based in Colorado. She helps parents and business owners protect what matters most.

Pamela Maass Garrett is an award-winning Estate Planning & Asset Protection Attorney and CEO of Law Mother LLC, a law firm she founded to help parents protect their futures and the futures of their loved ones.

Tune in this week to discover the foundation of everything you need to know about estate planning as a physician. We’re discussing all of the misconceptions around estate planning, where people typically go wrong, and Pamela is sharing her six-step framework for protecting your family and your wishes in the event that you pass unexpectedly.

Learn more about Money for Women Physicians, an exclusive money coaching program to get your money and mindset working for you.

What You'll Learn from this Episode:

  • Why everyone needs to think about estate planning, especially physicians.
  • How estate planning helps make sure your choices are honored once you pass away.
  • The importance of naming a guardian for your kids if the unthinkable happens to you.
  • What happens to your kids if you don’t have designations in your will.
  • Why you aren’t automatically the Power of Attorney for your spouse.
  • How to find the right attorney for you.
  • Pamela’s six-step framework for protecting your family through estate planning.

Listen to the Full Episode:

Featured on the Show:

Get started on your journey to wealth by getting my FREE book- Defining Wealth for Women.

 

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Wealthy Mom MD with Bonnie Koo | Disability Insurance: What You Need to Know as a Female Physician with Stephanie Pearson

198: Disability Insurance: What You Need to Know as a Female Physician with Stephanie Pearson

198: Disability Insurance: What You Need to Know as a Female Physician with Stephanie Pearson

Wealthy Mom MD with Bonnie Koo | Disability Insurance: What You Need to Know as a Female Physician with Stephanie PearsonDisability insurance is something that female physicians really need. We’re more likely to need disability insurance than our male counterparts, and to discuss the real value of disability insurance, I’m joined by our main sponsor for our upcoming conference, the first Money and Wellness Conference for Female Physicians: Stephanie Pearson, MD.

Stephanie Pearson, MD, FACOG, is a board-certified OB/GYN and a licensed broker specializing in disability and life insurance for physicians. Injured in the prime of her career as an OB/GYN, Stephanie was forced to pivot. Through her own firsthand experience, she found a new calling in advocating for and educating her peers on their insurance needs. Stephanie’s goal is to empower others to protect their most valuable asset: their ability to earn income.

Tune in this week to discover the importance of disability insurance for female physicians. We’re discussing the factors that increase the cost of disability insurance, how your claims against your disability insurance are measured, and basically, everything you need to know about this kind of insurance as a physician.

Learn more about Money for Women Physicians, an exclusive money coaching program to get your money and mindset working for you.

What You'll Learn from this Episode:

  • Why I obtained disability insurance right out of residency but wish I had gotten it earlier.
  • How Stephanie learned about the importance of disability insurance the hard way.
  • Stephanie’s mission to change the way insurance in the medical industry is handled.
  • Why female physicians, especially, need disability insurance.
  • How the rules around the pricing of disability are always changing.
  • What you need to know about claiming disability insurance as the result of an injury.
  • The things that increase the cost of your disability insurance.

Listen to the Full Episode:

Featured on the Show:

Get started on your journey to wealth by getting my FREE book- Defining Wealth for Women.

 

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Wealthy Mom MD with Bonnie Koo | Simple Tips for Protecting Your Money

197: Simple Tips for Protecting Your Money

197: Simple Tips for Protecting Your Money

Wealthy Mom MD with Bonnie Koo | Simple Tips for Protecting Your MoneyMaking money and building wealth is one thing, but are you protecting your money? Protecting your wealth is super important, but too many people are neglecting even the simplest ways to ensure the future wealth of their family. Especially if you’re a parent, or you have anyone dependent on your income like elderly parents, you need to get your insurances in order.

Until you can self-insure, meaning you have enough money to cover your financial needs in the event that you can’t make more cash, being insured is critical. To protect the wealth you’ve worked so hard to build, I’m giving you some simple, actionable tips to make sure you and your family are covered, no matter what happens.

Tune in this week to discover how to protect the assets you’ve worked hard to accumulate. I’m discussing the most important types of insurance you need to protect yourself and your family, and you’ll learn where to start when creating an asset protection strategy.

Learn more about Money for Women Physicians, an exclusive money coaching program to get your money and mindset working for you.

What You'll Learn from this Episode:

  • Why too many people aren’t protecting their assets.
  • The most important category of insurance that every person should have.
  • Why you need life insurance, whether or not you have children right now.
  • Some of the annoying parts about applying for life insurance, but why it’s still worth it.
  • How to decide on the best kinds of insurance to set your family up for life.

Listen to the Full Episode:

Featured on the Show:

Get started on your journey to wealth by getting my FREE book- Defining Wealth for Women.

 

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Wealthy Mom MD with Bonnie Koo | Massive Action vs Passive Action

196: Massive Action vs Passive Action

196: Massive Action vs Passive Action

Wealthy Mom MD with Bonnie Koo | Massive Action vs Passive ActionWhat does it take to make your hopes and dreams come true, instead of remaining just that?

The secret to making anything you want a reality is taking action. However, if you identify as a Type-A, perfectionistic woman who is a master at consuming information and learning but finds yourself avoiding failure, you may be at risk of staying stuck in passive action, and it’s more detrimental than you think.

Join me this week to learn what massive action versus passive action means, and why you must combine both to reach your goals. You’ll hear why we get stuck in passive action, how staying in passive action is equivalent to failing ahead of time, and my top tips for radically transforming your relationship to failure so it feels less scary.

Money for Women Physicians is a 12-week course that will help you hit the ground running and guide you through taking massive action on your money goals. Enrollment is currently open until January 15th 2024, so click here to join me.

What You'll Learn from this Episode:

  • Why it’s so easy to get stuck in passive action.
  • What happens when you have compassion for yourself, even when you fail.
  • How you’re failing ahead of time by staying in passive action.
  • Why you must combine passive action with massive action.
  • How to radically transform your relationship to failure.

Listen to the Full Episode:

Featured on the Show:

Get started on your journey to wealth by getting my FREE book- Defining Wealth for Women.

 

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Wealthy Mom MD with Bonnie Koo | Vision and Goal Planning for the New Year

195: Vision and Goal Planning for the New Year

195: Vision and Goal Planning for the New Year

Wealthy Mom MD with Bonnie Koo | Vision and Goal Planning for the New YearWe have finally made it to 2024! This is a new beginning, and we get to start with a clean slate. Most of us are feeling motivated, and full of hopes and dreams. However, as you know, without action, your hopes and dreams don’t become anything. 

Over the years, I’ve noticed that people focus on a goal for the year. Say you have a weight loss goal, you know how much you want to lose, and you achieve it in a few months, what comes next? People don’t tend to have an overall vision for what they want to create and how they want their life to look from a bird’s eye view. But this is the first step in goal planning.

When you have a vision plan for your life, you can map out your goals to support your vision. Tune in this week to discover how to set your goals in a new way for 2024. You’ll learn how to decide what you really want to create in your life and how to set goals that actually move you toward your ultimate vision.

Learn more about Money for Women Physicians, an exclusive money coaching program to get your money and mindset working for you.

What You'll Learn from this Episode:

  • The mistakes I see most people making when it comes to setting goals for the year.
  • Why your goals might be moving you away from your overall vision for your wealthy life.
  • How to start thinking seriously about your overall vision for your life.
  • What most of us truly want in this world.
  • A new way to set goals that align with your vision for your life.

Listen to the Full Episode:

Featured on the Show:

Get started on your journey to wealth by getting my FREE book- Defining Wealth for Women.

 

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Get started on your journey to wealth by getting my FREE book- Defining Wealth for Women.