PA the FI Way - podcast cover

PA the FI Way

Kat, PA-Cwww.pathefiway.com
Becoming a physician assistant (PA) is difficult. But becoming a PA on the way to financial independence (FI) shouldn’t be. Allow the PA the FI Way podcast to be your guide to becoming a physician assistant on the way to financial independence. Unfortunately, even basic personal finance and budget concepts are rarely taught in high school, college or PA school. Then once PA students become certified physician assistants and begin their professional journey practicing medicine, they typically have a heap of student loans just waiting to be paid back. Let’s not only discuss how to prevent large student loan amounts, but also how to pay them back quickly. Let’s discuss how practicing PAs can learn to save and invest for their futures. PA the FI Way’s mission is to provide both future and current PAs alike strategies to not only become financially literate, but to also reach financial independence along the way. Think of it as personal finance for PAs with a financial independence twist. Financial independence provides the freedom to find balance in work and personal life. FI is about creating the life you want to live, choosing when to retire (IF you want to retire early), choosing when to cut back on working, or choosing when to work on another passion in your life. The decision truly is yours, and I hope you decide to join me on the journey to becoming a PA the FI Way.
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Episodes

101 | 7 Benefits of Telemedicine for Patients and Providers

Telemedicine offers many advantages to both the patients and the healthcare providers that utilize it. Many physician associates, nurse practitioners, and physicians use telemedicine, as well as mental health therapists, physical therapists, dietitians, etc. In this episode, seven benefits for patients and providers are reviewed. Telemedicine is also utilized in many specialties and areas of medicine, and several of these specialties where telemedicine can be a good fit are discussed in this epi...

Jan 13, 202319 min

100 | Celebrating Your 2022 Financial and Professional Wins!

This episode is the 100th episode of the PA the FI Way podcast, which I absolutely cannot believe! It's really special because it also coincides with the last episode of the year of 2022. For this episode, the financial and professional wins of the listeners who are PAs and healthcare providers were shared. As the year comes to an end, it's so important to reflect back on what you can celebrate for this year before working on your goals for the next year. You all are doing some pretty amazing th...

Dec 30, 202213 min

099 | Pros and Cons of W2 vs. 1099 Roles

As a practicing PA, you likely have seen different job postings for both W2 roles and 1099 roles. But which one is better? The answer to that question depends on your specific situation and what you value since they each have several pros and cons. For example, W2 roles have benefits through the employer, while if you're an independent contractor in a 1099 role, you're responsible for setting up your own benefits. On the other hand, 1099 roles can help you lower your tax liability, and you will ...

Dec 23, 202221 min

098 | The Benefits of Boundaries and How to Set Them

Setting boundaries is a form of self-care and demonstrates to others how they can respectfully treat you. Implementing boundaries in your life has many types of benefits for your mental health and overall wellbeing. There are several steps you can take to set boundaries such as evaluating your current boundaries, start with small changes, get clarity, simplify, practice, communicate, be consistent, and reassess and make changes if needed. Are you just beginning your journey to financial independ...

Dec 16, 20229 min

097 | What Is Your Point of "Enough": How Much Do You Need to Be Happy for Financial Independence?

It’s important that you evaluate your life and define your point of "enough" on your way to financial independence (FI) as well as what enough will look like for you once you reach FI as a physician associate. At your point of "enough", you usually have all you need to survive and feel comfortable with a few luxuries, but this is before the point of overconsumption and extravagance. If you can recognize what "enough" looks like to you, you will likely be less stressed and more fulfilled and sati...

Dec 09, 202215 min

096 | 10 Tips to Lower Your Stress During the Holidays

Although the holiday season can be The Most Wonderful Time of the Year for many, for others, it can feel like The Most Stressful Time of the Year! You are likely busy with a giant list of things that need to get done, whether it's at your workplace as a physician associate / physician assistant, or at home. Although none of us have a magic wand to make the holiday season a breeze and completely relaxing, there are some tools that you can use to help with reducing your stress during this time of ...

Dec 02, 202214 min

095 | How to Practice Gratitude For a Better Life

Practicing gratitude has so many benefits including better physical health and mental health, as well as benefits in other areas of life. Once you learn about the benefits, you’ll want to learn how to incorporate gratitude into your life. We will cover eight ways that you can practice gratitude in your life, many of which only take a few short minutes! Resources: https://hubermanlab.com/the-science-of-gratitude-and-how-to-build-a-gratitude-practice/ https://ggsc.berkeley.edu/images/uploads/GGSC-...

Nov 25, 202215 min

094 | Time: Who You Spend It With Changes as You Age

Time is life’s most precious, nonrenewable resource. Once time has passed, there is no getting that time back. Although many of us wish that time travel was a possibility at one point in our life or another, the reality is that it simply is not a tool that we can use to go back in time or go into the future. So if we can all agree that our time is a precious commodity, why is it that we don’t treat our time with the upmost respect? Why do we waste our own time, or even worse, let others waste ou...

Nov 18, 202218 min

093 | Lessons Learned From My 7 Biggest Financial Mistakes

Do you feel like you've made several financial mistakes like spending too much, not saving or investing enough, listening to poor financial advice, etc.? You're not alone! I've been there, too. Although I’m now on my way to financial independence as a physician assistant / physician associate, I’ve made several financial mistakes in the past. There are many lessons to be learned from these, and I hope that you are able to learn some helpful information from my story so that you can avoid some of...

Nov 11, 202216 min

092 | Why I Declined the NHSC Loan Repayment Program Award

The NHSC Loan Repayment Program is a federal program that helps qualified healthcare workers like physician assistants / physician associates, physicians, nurse practitioners, dentists, and behavioral health workers who work in certain specialties (mostly primary care areas of medicine and mental health) pay back their student loan debt. However, there are considerations that make it not seem so appealing. Take a listen to hear my story as to why I ultimately declined the award after applying. A...

Nov 04, 202216 min

091 | How to Accumulate Wealth as a PA with Bradley Clark, CFP

Bradley "Brad" Clark, CFP, is a fee-only fiduciary financial advisor who shares his insight on how PAs can accumulate wealth on their way to financial independence. He discusses a suggested order of operations to allocate your income by setting aside a certain portion towards different retirement and investment accounts while also paying down your debt. It can be difficult to balance paying down your six-figure student loan debt while saving and investing for your future, but this information ca...

Oct 28, 202243 min

090 | Why I Quit My Job

I'm officially in between jobs! Here's why I quit my previous role as a PA, and why I chose my next position to transition to. If you're feeling like it might be time for a change for you, I hope this episode helps you to decide whether or not to take the action and steps needed to make the change possible. It has been said that action creates clarity, and this is definitely true when it comes to a possible job change. Are you just beginning your journey to financial independence and don't know ...

Oct 21, 202215 min

089 | The Making of a MFM & FM Physician Assistant with Gaby De Vita, PA-C, CDE, RD

Gaby went from being a registered dietician and diabetes educator to practicing as a PA, and was able to double her income with this transition and additional training. She then used her background, networking, and connections, to design a balance of practicing both in clinic as a primary care and urgent PA in addition to practicing telemedicine from home as a maternal fetal medicine (MFM) PA. Gaby is a newer mom, and feels like the balance that these two roles provide helps her to spend more ti...

Oct 14, 202245 min

088 | A Debt Free Journey with Nicole, PA-C, and Anthony

Do you want some motivation on your journey to becoming debt free as a PA (physician associate / physician assistant)? Take a listen to hear the story of how PA Nicole and her supportive husband, Anthony, paid off their debt aggressively to become debt free all while starting their family. A large portion of their debt was Nicole's student loan debt from PA school, and they formulated a plan together to pay off their debt as a team. They discuss how they like to do check-ins, which are often min...

Oct 07, 202236 min

087 | How to Set Financial Goals

What are some of your current financial goals? Although "paying back debt" and "building wealth" may be a couple of your generic goals, these types of goals are hard to track and aim towards. Learn how to set better financial goals on your journey to financial independence. Resource mentioned: Check out Personal Capital to track your net worth while working towards your financial goals. Enjoy the show? You can now support the PA the FI Way podcast through Buy Me a Coffee! Thank you for all of yo...

Sep 30, 202213 min

086 | Burnout, Boundaries, and Being Fulfilled with Tracy Bingaman, PA-C

Tracy Bingaman, PA-C, and host of the Fulfilled as a Mom podcast joins me on the show to discuss burnout while working in medicine, setting boundaries, and being fulfilled in life! Tracy is an amazing PA who tries to help busy working moms find more time and money in their life. You don't want to miss this important conversation! Get Tracy's free 5 Keys to Financial Independence resource: https://tracybingaman.com/money Check out her website: tracybingaman.com Follow Tracy on Instagram: @mrstrac...

Sep 23, 202249 min

085 | The Impact of Financial Stress on Your Mental Health & Physical Health

You know that financial stress like debt and a low net worth can cause stress and anxiety. But did you know that financial stress could also impact your physical health? Financial stress correlates with several chronic disease and even chronic pain. Take steps to begin your journey to financial independence today to live a healthier life! Articles: https://showme.missouri.edu/2021/carrying-unsecured-debt-throughout-life-tied-to-poorer-physical-health-mu-study-finds/ https://www.voya.com/blog/min...

Sep 16, 202213 min

084 | Experiencing Burnout and Fatigue? Get These 7 Types of Rest

Do you get plenty of sleep, but still feel exhausted? Sleep is a type of physical rest, but your body and your mind actually need 7 types of rest to feel energized and rested! Learn about these types of rest to help with your burnout and fatigue on your way to financial independence. Read or listen to Sacred Rest: Recover Your Life, Renew Your Energy, Restore Your Sanity , by Dr. Saundra Dalton-Smith Wonder which types of rest that you are most deficient in? Take the Rest Quiz at restquiz.com to...

Sep 09, 202217 min

083 | The 3 Awesome Types of Freedom: Financial Freedom, Location Freedom, and Time Freedom

Money is not the goal. It's a tool to help you reach your goals. You don't want to be rich. You want to have freedom to do what you want, when you want, with who you want. In addition to trying to reach the point of financial freedom / financial independence, find out how to reach time freedom and location freedom too. Are you just beginning your journey to financial independence and don't know where to start? Download your FREE copy of the PA the FI Way Beginner’s Workbook here! Enjoy the show?...

Sep 02, 202219 min

082 | Freeze Your Credit to Help You Chill

Do you know how to freeze your credit and why it's a good idea? Take a listen to find out how freezing your credit can add an extra layer of protection against fraudulent activity. Enjoy the show? You can now support the PA the FI Way podcast through Buy Me a Coffee! Thank you for all of your support! https://www.buymeacoffee.com/pathefiway Website to read blog posts: pathefiway.com Follow along on Instagram: @pathefiway https://www.instagram.com/pathefiway/ Join the private Facebook group creat...

Aug 26, 202216 min

081 | Taking Stock of Your Life with Hospice Physician, Jordan Grumet, MD

Jordan Grumet, MD, (aka Doc G) is a hospice physician, host of the Earn & Invest podcast, creator of the Earn and Invest blog , and most recently, the author of the book " Taking Stock: A Hospice Doctor’s Advice on Financial Independence, Building Wealth, and Living a Regret-Free Life ." In today's episode, Jordan joins me on the show to discuss what it would look like for you to take stock of your life to live a life without regret. He shares his perspective on how to attempt to balance del...

Aug 19, 202243 min

080 | Common Myths About Investing

Many physician associates / physician assistants believe several of these common myths about investing. If you believe these myths, you may feel overwhelmed, and may think that investing in the stock market is scary, hard, or complicated. These thoughts could make you feel paralyzed, which may delay you getting started with investing even more. Take a listen to learn more about investing so you feel confident and empowered to start your journey to financial independence today! Resources: Book an...

Aug 12, 202215 min

079 | What PAs Can Learn From Dogs About Toxic Work Environments

Research studies done several years ago by a psychologist named Martin Seligman on dogs revealed a concept called learned helplessness. This idea can explain why some physician assistants / physician associates act in ways that others don't understand, such as why they are staying in a toxic role that is contributing to their burnout symptoms. Interested in starting your journey to financial independence? Start now by taking this workshop about the common financial pitfalls that most PAs make an...

Aug 05, 202216 min

078 | Lifestyle Design and Lessons From Our RV Family Adventure

In order to live an intentional life as a current or future PA, you need to incorporate lifestyle design into your life. Lifestyle design is the process of designing the life that you want to live that aligns with your values and purpose. Recently, my family and I took a rented RV on a roadtrip from MN to CO to visit the mountains and some beautiful national parks. It was certainly an adventure with 7 humans, 1 dog, in a 31 ft. RV for 9 days. In this episode, I provide a recap of the trip and di...

Jul 29, 202229 min

077 | Some of the Diverse Roles That One PA Can Hold: Interview with Brittany Strelow, DMSc, MS, PA-C

Do you feel as though you'd like to try to dip your toes into other roles outside of clinical medicine as a physician associate? This interview with Brittany will show how you could try many different things as a PA, even while still practicing clinically if you want to. In addition to working in primary care, she is also a faculty member of a new PA program, participates in research, has been published, volunteers for the state (MAPA) and national (AAPA) PA societies, and is currently president...

Jul 22, 202240 min

076 | 10 Pieces of Outdated Financial Advice that Worked for Your Parents but Likely Won’t Work for You

Have you ever heard your parents give you a financial recommendation that seemed as though it was a bit "old school"? You may have thought, "Hmm... that may have worked for you, but that doesn't seem as though it would help me in these times." Some financial tenets hold true over time, but often, financial guidelines and recommendations can change from generation to generation. Enjoy the show? You can now support the PA the FI Way podcast through Buy Me a Coffee! Thank you for all of your suppor...

Jul 15, 202222 min

075 | How to Lower Your Costs as a Wedding Guest

Wedding season can be expensive if you have many weddings and wedding festivities to attend! The costs can all add up quickly, especially if you're also in the wedding as part of the wedding party. Here are some suggested tips to help you enjoy the celebrations of friends and family while not breaking the bank. Enjoy the show? You can now support the PA the FI Way podcast through Buy Me a Coffee! Thank you for all of your support! https://www.buymeacoffee.com/pathefiway Website: pathefiway.com F...

Jul 08, 202214 min

074 | Say "I Do" to Lower Wedding Costs

It is wedding season, and many PAs tend to get married right after PA school. A few other PAs will even get married in the midst of PA school! Weddings can be magical and memorable, as well as unfortunately very expensive. However, the overall cost is actually in your control to decide how much you and your (future) spouse would like to spend. As with many budgeting and financial areas of life, consider what you will truly value on your wedding day, and spend on those things while cutting costs ...

Jul 01, 202230 min

073 | Double PA the FI Way: Interview with Married PA-C Couple, Logan and Makenzie Driscoll

Logan and Makenzie Driscoll are a married couple who met in PA school, and have been practicing as surgical specialty PAs for one year. They share how they are trying to pursue financial independence together as a team while balancing their double PA student loan debt with their double PA salaries. They have been trying to make mindful decisions of spending their hard-earned income on things that add value to their lives while trying to also prevent lifestyle creep. Take a listen for some double...

Jun 24, 202236 min

072 | Bear Markets: What Are They, and What Should You Do?

You have likely recently heard that the stock market value has dropped and has entered into a bear market, and this information may be causing some worry and confusion. In this episode, an overview is provided about what bear markets are, why you should likely not sell your investments at this time, and why staying invested in the market can actually be a good thing for your future. Resources mentioned: frontlinepay.mn.gov Book and Audiobook: The Simple Path to Wealth by J. L. Collins A guided m...

Jun 17, 202219 min
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