Wealthy Mom MD Podcast - podcast cover

Wealthy Mom MD Podcast

Bonnie Koo, MDwealthymommd.com
The Wealthy Mom MD Podcast is for high-achieving women who want to create wealth in all areas of their life. Join Master Certified Coach Bonnie Koo, MD, to gain the tools and confidence to create your wealthy life. Learn more at https://wealthymommd.com/ Instagram: @wealthymommd Facebook: wealthymommd
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Episodes

206: How to Start Thinking like an Entrepreneur

This week, you’re getting a preview of my talk on entrepreneurship at the 2024 Money and Wellness Conference for Women Physicians! Learn why everyone needs to know how to think like an entrepreneur, even if you have no desire to start your own company. I'm showing you the differences between the mindset of an entrepreneur versus an employee, what gets in the way of physicians thinking like entrepreneurs, and the importance of finding community in entrepreneurship. Get full show notes and more in...

Apr 18, 202426 min

205: How Physicians Can Start Their Real Estate Journey with Peter Kim M.D.

My guest this week is Dr. Peter Kim, a practicing anesthesiologist with a wealth of knowledge when it comes to real estate investing. He started sharing about his journey to financial freedom on his blog, Passive Income MD, with the hopes of helping other physicians do the same through his online course and physician-only community. Discover the different options for physicians who want to invest in real estate. Peter shares why he chooses to focus mostly on passive real estate investing, why re...

Apr 04, 202436 min

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

The 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. Listen in to hear my top takeaways from this conference, and nuggets of wisdom from...

Mar 21, 202427 min

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

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. Discover why, especially as a physician, you need a financial planner on your side. She is discussing ...

Mar 07, 202434 min

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

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. See behind the scenes on the journey of a doctor who became a successful en...

Feb 29, 202455 min

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

This week, I’m joined by Parker Pursell, the CEO of eQRP. 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. 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 physic...

Feb 22, 202434 min

200: Dealing with the Unexpected with Karen Leitner

Karen Leitner 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. 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...

Feb 15, 202442 min

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

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. 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 t...

Feb 01, 202429 min

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

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. Discover the importance of disability insu...

Jan 25, 202444 min

197: Simple Tips for Protecting Your Money

Making 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. Discover how to protect the assets you’ve worked hard to accumulate. I’m discussing the most important types of insurance you need to...

Jan 18, 202425 min

196: Massive Action vs Passive Action

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. Hear why we get stuck in passive action, how staying in pa...

Jan 11, 202412 min

195: Vision and Goal Planning for the New Year

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 ...

Jan 04, 202423 min

194: The Best Investment You Made This Year

When you’re committed to your growth, taking the time to listen to podcasts like this one has a compounding effect on your life, and it has a huge impact on the people around you too, probably more than you realize. When you change how you think and behave, your energy transforms too, and the people in your life notice. Tune in this week for my end-of-year message, and to learn about the compounding financial impact of investing in your brain. Get full show notes and more information here: https...

Dec 28, 20238 min

193: The Truth About Retirement

For many of us physicians, we think retirement is the ultimate goal when it comes to our financial journey. However, what even is retirement? I truly believe retirement, as we imagined it in med school, is a myth, and it perfectly illustrates something called the arrival fallacy. Tune in this week to discover the truth about retirement and the arrival fallacy. I’m showing you why things don’t magically get better when we reach financial freedom, become debt-free, or hit retirement. Learn how to ...

Dec 21, 202310 min

192: The Truth About Money and Morality

We are currently in an expensive time of the year. We tend to spend money on presents, Black Friday shopping, and Holiday experiences. For many women, this brings up thoughts about how you spend your money and the morality of using your money in this way, especially with all of the horrible things going on in the world. If you’re appreciative of the life you live but also feel a little bad that you have the means to do so, then today’s episode is going to be super useful and give you some valuab...

Dec 14, 202313 min

191: How to Reflect on the past Year & Why It’s Important

What did you love in 2023? What disappointed you? How would you have done things differently? Rather than shoving everything under the carpet and having a clean slate for the start of next year, it’s time to get analytical and do a year-end reflection. Tune in this week to take stock of what you’ve accomplished in 2023 and let that information guide how you approach the next 12 months. Learn how to get clear on everything the past year has taught you and what you might want to do differently as ...

Dec 07, 202313 min

190: Building Wealth vs. Actually Living

Living wealthy means having both the life you want plus money in the bank. Of course, this looks different for all of us. Whatever financial goals you’re working towards and whatever lifestyle you envision yourself having, what I’m sharing in this episode will give you a new perspective on getting everything you can out of your money while still enjoying your life. Discover what I learned from Bill Perkins’ amazing book, Die With Zero. I’m giving you a new perspective on saving for retirement, d...

Nov 30, 202328 min

189: Why You Need a Daily Gratitude Practice

How many of you take the time to intentionally be grateful for something every single day? A daily gratitude practice has been proven to not only improve your general well-being and overall happiness, but can also open your mind up to new possibilities. Gratitude is about so much more than just giving thanks, and I’m showing you why this week. Learn how important a daily gratitude practice is, why it’s a quieter emotion that tends to be harder to feel, and how to let it rise up in your body and ...

Nov 23, 20238 min

188: Black Friday is Here: Get 15X Credit Card Points

Rakuten is famous for the cash-back opportunities they provide. However, around Black Friday, Rakuten carries some amazing opportunities to earn credit card points on purchases you’d be making anyway. If you’re ready to earn up to 15X credit card points in the Black Friday sales, today’s episode is here to show you exactly how to do it. Tune in this week to discover how to 15X your credit card points this Black Friday. I’m sharing a super simple way to maximize your credit card rewards points wh...

Nov 16, 202316 min

187: How to Get Clear on Your Values with Dr. Hala Sabry

To dive into the topic of values this week, I’m speaking with the founder of the 1% Women’s Club and Physician Moms Group, Dr. Hala Sabry. She is a life and career coach for successful women who are in the top 1% of earners, and she’s an expert when it comes to values work. After years of trying to find the right answers, she’s found conviction in identifying her own values, and she’s here to help you do the same. Discover why investigating your personal values is a worthwhile investment of your...

Nov 09, 202339 min

186: The Truth About Your Clinical Income

One of the most common things I hear from my clients as well as from women physicians in general is that they’d love to work less, but they can’t take the financial hit of losing their clinical income. We'd love to work less especially for those of us with kids at home, but we feel trapped because we need our full-time income to survive. Discover how it’s possible to work less without taking a massive financial hit. I’m sharing why your current income level is always temporary, your clinical inc...

Nov 02, 202315 min

185: How to Create Multiple Streams of Income as a Physician

Who doesn’t want multiple streams of income? We know it’s the key to minimizing anxiety in our lives around money and finding financial empowerment faster. The hurdle most physicians face is the how and why behind creating additional streams of income, and this is what I’ll be walking you through on this episode. Learn why having multiple streams of income matters, and the truth about all the different ways you can diversify your income as a physician. You’ll hear how physician job security isn’...

Oct 26, 202321 min

184: Locums & Side Hustles for Physicians with Dr. Carrie Reynolds

How can you take a break without experiencing a significant loss in your income? Making the switch to locums is an amazing place to start. To get you started finding a side gig that works for you, I’m sitting down with my friend and fellow physician, Dr. Carrie Reynolds, who is a specialist in showcasing the lucrative side work that physicians can undertake. We're discussing side hustles and showing you how to start thinking beyond your clinical income, and sharing some options available to you....

Oct 19, 202336 min

183: How to Be a Better Parent with Hope Seidel MD

Hope Seidel, MD, is a mom of two young adults, a pediatrician, a certified parenting coach, and a passionate advocate for children’s wellness. In addition to her pediatric practice, she started Parent with Hope in 2020, a private coaching business where she works 1:1 with high-achieving parents to create more connection with their kids, confidence in their parenting, and wellness in their homes. Discover how a parenting coach changed my life and how Hope Seidel's work could change yours. We're d...

Oct 12, 202334 min

182: Thinking Outside Your Practice with Dr. Zwade Marshall

If you’re wondering how you can start a new business while already being a full time physician, this is the episode for you. I’m joined by Dr. Zwade Marshall, an anesthesiologist, interventional spine specialist, and founder of Doc2Doc Lending which is an exclusive lending partner for physicians and dentists. Dr. Zwade is here to share his personal story of becoming an entrepreneur and how the right support, plan, and mindset got him there. We discuss how to have more control over your income, h...

Oct 05, 202326 min

181: The Brain-Body Connection with Dr. Ali Novitsky

When we talk about mindset, we generally talk about intentionally thinking more useful thoughts. However, we aren’t just a walking brain, so it’s time to take the conversation down to the wisdom that lives in our bodies. Dr. Ali Novitsky does an amazing job of combining thought work with body work. She designs health programs specifically for physicians, giving her clients the tools they need to achieve optimal mental, emotional, and physical health. We’re discussing why bringing in this physica...

Sep 28, 202337 min

180: Money Goals: Get Specific to Get Results

How do you know when you’ve actually reached your goal? Having a concrete number in mind is one of the most useful ways to set goals for your financial freedom. I’m giving you the easiest ways to set yourself up for real success when it comes to identifying and achieving your financial goals. Discover the value of having measurable goals, whether in relation to income, savings, or anything you want more of in your life. I’m sharing one simple question you can ask yourself to get clear on the act...

Sep 21, 202318 min

179: 5 Steps for Auditing Your 2023 Goals

Auditing your goals gives you a timely reminder of what you wanted to create, why you wanted to pursue your goals, and also shows you that there’s plenty of time left in 2023 to make sure you complete everything you set out to do! Tune in this week to audit your progress so far in 2023 and decide what you can achieve over the remainder of the year. I’m sharing my five-step process for auditing your goals, showing you why it’s never too late to start setting goals, and giving you the advice you n...

Sep 14, 202319 min

178: Insurance: What Physicians and Entrepreneurs Need to Know with Larry Keller

I've spoken before about the types of insurance you need to protect your money. This week, I've got my agent for life and disability insurance, Larry Keller, on the show to discuss the nuances of insurance and why you need it right now, especially if you plan on having children. Discover everything you need to know about getting properly covered. We’re discussing why even people who aren’t working need life insurance, and why disability insurance is super important for entrepreneurs. Get full in...

Sep 07, 202359 min

177: 4 Ways to Save and Invest for Your Kids

How can you use your money to set your kids up for the future? If you’re looking for a simple way to save for or invest in your child’s future, I’ve got you covered in today’s episode. I’ve created a relatively easy system around saving for my son’s college, and I’m sharing my tips with you today. Discover four ways you can start saving for your child’s future. I’m discussing your best options for saving money on taxes, helping your money grow, and giving you all the considerations we need to ma...

Aug 31, 202329 min
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