Master the final piece of the
puzzle: financial fluency.
This is financial education,
simplified.
Unbiased.
No commissions.
No sales. No advice.
Just lessons and stories
to empower smart choices.
Master the final piece of the
puzzle: financial fluency.
This is financial education,
simplified.
Unbiased.
No commissions.
No sales. No advice.
Just lessons and stories
to empower smart choices.
Financial education seminar + interactive workshop
teaching medical residents & attorneys how money works
Just financial education: no products to sell, no conflicts of interest, no commissions to be made.
These are the practical financial lessons they should be teaching in school
Learn about:
Account Options
- Differences between 401k, 403b, 457b, 401a plans
- Roth 401k vs Traditional 401k- depends on salary
- Employer Match calculations
- Vesting schedules
- Tax treatment of each account type
- IRS limits- income and contributions
- Defined Benefit Plans
- Deferred Compensation/Top hat 457(f) plans
- Roth IRA vs Traditional IRA
- Backdoor Roth-procedure and advantages
- Brokerage accounts: types, fees, advantages
- HSAs and High Deductible Health Plans
- Life insurance: term vs whole life
Investing
- Asset classes: Stock, Bonds and Cash
- Mutual Funds
- Simple Interest and Compound Interest
- Inflation
- Risk vs Return
- Index funds vs actively managed funds
- Asset allocation
- Target Date Funds
- Investing guidelines: Rule of 120, Rule of 72
- How to read a mutual fund returns statement
Big Picture Concepts:
- Wealth accumulation hurdles for physicians and attorneys
- What’s your money script?
- Income vs Net Worth
- Cost of living considerations in different cities
- Expected net worth formula
- Advisors: You probably don’t need one yet
- Follow the money: How financial advisors are paid
- How income tax brackets work
- Income taxes vs capital gains taxes
- Appreciating assets vs depreciating assets
- Emergency funds
- Basic legal documents: will, trust, POA
Debt
- Student loan elimination strategy: defer/pay down
- School Loans: PAYE, REPAYE, IBR, PSLF
- Real estate game plan: create a housing strategy
- Next step: rent/starter home/physician mortgage
- Mortgage guidelines brokers won’t tell you
- Auto considerations
Interactive Workshop: Train My Wallet
- Web based calculator workshop starting with sample scenarios, then work through personal salary calculations.
- Impact of income: generalists and specialists
- Impact of time: what waiting 2 years costs
- Returns/interest: 1% has a big impact
- How compounding interest looks over 30 years
- Create your financial priority roadmap
FORMAL EDUCATION WILL MAKE YOU A LIVING;
SELF-EDUCATION WILL MAKE YOU A FORTUNE.
-J. ROHN