Podcast

Wealthy Mom MD | High-Income Earners: More Money Isn't the Solution

116: High-Income Earners: More Money Isn’t the Solution

Wealthy Mom MD | High-Income Earners: More Money Isn't the SolutionI’m bringing you something slightly different this week in the form of a podcast interview I did over on The Investor Mama Podcast. I had a brilliant conversation with host Jen Narciso about my business journey, money mindset, and the struggles high-income earners experience when it comes to money.

As you know, I’m super passionate about helping women make lots of money. We not only want to set ourselves up for a comfortable, or even luxurious life, but we also want to be financially secure for the future. So, we think the goal is to just make more and more money. However, just because we have more money doesn’t mean we will automatically know what to do with it, or that we’ll even feel good about it.

Join Jen and I this week as we dive into my top tips for high-income earners struggling with their relationship to money. I’m sharing the history of my business trajectory and how I transitioned into educating on money full-time, why more money isn’t the solution to feeling secure, and why investing in your mind is so important.

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 transitioned from working full-time in dermatology to educating women on money.
  • What my first year in business looked like.
  • The money mindset blocks I had to work through as my income grew.
  • Where I invest my money, and how it’s changed over time.
  • Why more money isn’t the solution to feeling insecure.
  • The most common struggles many people have with their relationship to money.
  • How to make your money work for you.
  • Why investing in your mind is so important.

Listen to the Full Episode:

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Wealthy Mom MD | Taking Care of Your Brain

115: Taking Care of Your Brain

115: Taking Care of Your Brain

Wealthy Mom MD | Taking Care of Your BrainA little while ago, I sent an email and posted on my social media about how I am on psychiatric medication. I had been trying to figure things out on my own and white-knuckle through, when I gave in and met with a psychiatrist and was diagnosed with Depression. And I got such an amazing response that I knew I had to do a podcast episode about it.

The whole divide between mental and physical health is ridiculous, and there is still a stigma attached to the term ‘mental health’ alone. We talk openly about physical health and taking care of that, but we hide away from talking about our mental health. The brain is of our most valuable organs, so why are we not talking more openly about taking care of it?

In this episode, I’m showing you the importance of taking care of your brain and sharing some ways to help you do this. I’m talking more about my experience with depression and why speaking about mental health is so important, why so many people feel like they can’t get help or support, and why you should always seek help if you are struggling.

I want to invite you to come with me to Oahu, Hawaii from October 10th-13th for The Live Wealthy Retreat Experience. There are limited spots available, so click here to enroll now!

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 is so dangerous to white knuckle through and try to figure things out on our own. 
  • Some of the different ways you can get access to coaching.
  • Why coaching doesn’t work when your brain is not well.
  • How I think about the difference between a life coach, therapist, and psychiatrist.
  • My experience with post-partum anxiety.
  • Why it is important to know you are not alone if you are struggling.

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

 

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Get my book - Defining Wealth for Women.

 

 

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Wealthy Mom MD | How to Question Everything

114: How to Question Everything

114: How to Question Everything

Three things have been on my mind recently and I’m addressing each of them on today’s show. The first one is around decisions. I know, I’ve spoken about decisions before, but I’m learning every day, so I have some new insights around how we make decisions to share with all of you. This leads perfectly into point number two for the day: believing the thought, “I don’t know.”

I’ve also covered awareness around your thoughts and feelings before, and I’ve seen a lot of clients learn about changing their thoughts. However, negative thoughts keep coming back again and again, so we’re discussing what to do in those scenarios as well.

Tune in this week for a general discussion about three things that I’ve seen coming up in my clients’ lives, and even my own day-to-day. I’m sharing new discoveries I’ve made about decisions, sticky thoughts, and how we avoid being wrong by saying, “I don’t know,” when it comes to moving our lives forward.

I want to invite you to come with me to Oahu, Hawaii from October 10th-13th for The Live Wealthy Retreat Experience. There are limited spots available, so click here to enroll now!

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 decisions we need to make to move us forward rarely feel certain, and they generally don’t feel good.
  • The ways we often try to process thoughts that keep coming up for us, and why we need a new approach.
  • Why we find it so easy to believe ourselves when we say, “I don’t know.”
  • How to see past your belief that you don’t know how to move forward and start questioning everything.

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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Wealthy Mom MD | The Truth About Financial Safety

113: The Truth About Financial Safety

113: The Truth About Financial Safety

Wealthy Mom MD | The Truth About Financial SafetyDo you believe that having a certain amount of money will make you feel safe? Today’s topic has been on my mind for a while now, but I needed some time to figure out how to talk about it in the simplest terms because this is something so many of my clients struggle with, so I’m sure many of you listening do too.

Of course, as humans, we want to feel safe. When we’re children, most of us are lucky enough to have people who keep us safe. But as adults, we need to create safety for ourselves. I see lots of people out there thinking that having a certain amount of money will bring them a feeling of safety and security. However, the truth is, safety is created by our thoughts, not our bank accounts.

Tune in this week to discover how your nervous system is interacting with your money, and how you can start processing your money-related fears in a new way. I’m sharing why so many of us associate money with safety, and how to see what you can do to unravel this conditioning, so you can build wealth from a more productive emotion than fear.

I want to invite you to come with me to Oahu, Hawaii from October 10th-13th for The Live Wealthy Retreat Experience. There are limited spots available, so click here to enroll now!

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, as humans, we consider safety to be such an important thing.
  • Where your feelings about a lack of safety and security might be coming from.
  • The difference between little-t trauma and big-T Trauma.
  • How to see what your fear really means, and how you can see the trauma you have that is keeping you scared around money.

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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Wealthy Mom MD | Commitment Doesn't Always Feel Good

112: Commitment Doesn’t Always Feel Good

112: Commitment Doesn’t Always Feel Good

Wealthy Mom MD | Commitment Doesn't Always Feel GoodWhat does it actually mean to be committed? Obviously, commitment is an important part of creating the results you want in your life. However, there are some common misunderstandings when it comes to commitment, and being committed doesn’t always feel like we imagine it will. 

When we set ourselves a goal, we have to decide we’re going to make it happen. This brings up a lot of discomfort, because no matter how committed we are, we can still struggle to believe we’ll reach our goal. We’re going to experience setbacks and failures, but we need to be committed to our success, more than we are committed to our comfort zone.

Tune in this week to discover why commitment doesn’t always feel good, and what you can do to ease your thoughts around commitment, so you can start working towards your goals without being afraid of failure or avoiding the discomfort of committing 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:

  • How an unconscious lack of commitment is the simple reason why so many people fail.
  • Why we have to be committed to the outcome of a goal.
  • Where so many people believe they’re making a sacrifice, or consider their commitment in one area depriving themselves in another.
  • How to see where, in your own life, you need to look at your thoughts about commitment.

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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Wealthy Mom MD | Coming to Terms with Risk 2.0

111: Coming to Terms with Risk 2.0

111: Coming to Terms with Risk 2.0

Wealthy Mom MD | Coming to Terms with Risk 2.0As physicians, we’ve all gone through years and years of traditional school, and we had to be the cream of the crop, getting As consistently. Becoming a great physician is a culmination of the belief that studying hard and getting good grades is the key to getting the job we want, and it’s got us this far.

However, this line of thinking often works against us when it comes to money. The years of education we’ve had teaches us that anything less than an A is unacceptable and that failure isn’t an option. But the truth is failure is required for long-term success and wealth, so how do we overcome our tendency to be risk-averse? 

Join me this week as I give you a reality check on what making a mistake or failure really means, and how to come to terms with risk. You’ll hear the four ways we can choose to navigate failing, and how to reframe your past money mistakes so you can get on board the path to true financial freedom. 

I want to invite you to come with me to Oahu, Hawaii from October 10th-13th for The Live Wealthy Retreat Experience. There are limited spots available, so click here to enroll now!

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 physicians are so risk-averse. 
  • How the traits that make us great physicians work against us when it comes to money. 
  • Why failure is required for building true wealth. 
  • The worst thing that can happen when you fail at something. 
  • How to reframe your mistakes or failures so you can be on your way to financial freedom. 

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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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:

Featured on the Show:

 

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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:

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
  • Resoré

 

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.