How to Do Your Written Plan – Asset Protection

Financial Wellness and Burnout Prevention for Medical Professionals

Section 1 – Introductory Materials

What You Will Learn (3:54)
Course Description (1:40)
Pre-Test (25 Questions)
About the Instructor (6:20)
Introduction to Other Resources (10:50)
Why You Need a Plan (2:38)
How to Make Your Written Plan (4:22)
Goal Worksheet
Written Financial Plan Worksheet
Example of a Financial Plan
Section Quiz (6 Questions)
Quiz Answers and Explanations
How to Weave It All Together as a DIY Investor – Sarah Catherine Gutierrez, CFP (5:56)
How to Use the Private Community for Students

Section 2 – What You Need to Know About Financial Advisors

What an Advisor Can Do for You (3:06)
The Cost of Advice (4:02)
How to Pay for Advice (8:30)
What to Look for in an Advisor (7:30)
How to Use an Advisor (3:04)
Can You Do It Yourself? (1:25)
How to Move Your Money (2:03)
Section Quiz (6 Questions)
Quiz Answers and Explanations
How to Engage with a Financial Advisor as a DIY Investor – Sarah Catherine Gutierrez, CFP (9:11)

Section 3 – What You Need to Know About Insurance

General Insurance Topics (3:00)
Disability Insurance (16:50)
Life Insurance (3:55)
Getting Life Insurance Quotes (3:34)
Liability Insurance (1:37)
Property Insurance (2:11)
Health Insurance (3:14)
Avoiding Insurance-Based Investments (16:38)
How to Do Your Written Plan – Insurance (5:00)
Insurance Worksheet
Examples of Insurance Portion of Written Financial Plan
Section Quiz (6 Questions)
Quiz Answers and Explanations

Section 4 – Developing a Plan for Your Housing

Why a House Is an Investment (3:31)
Resisting the Urge to Buy (6:37)
How Much to Spend (3:09)
Interacting with Realtors (2:22)
Interacting with Lenders (1:57)
Physician Mortgage Loans (7:04)
Paying Off Your Mortgage Early (2:23)
How to Do Your Written Plan – Housing (4:16)
Housing Plan Worksheet
Examples of Housing Portion of Written Financial Plan
Section Quiz (7 Questions)
Quiz Answers and Explanations

Section 5 – Destroying Your Student Loans

Income Driven Repayment Plans (13:53)
Public Service Loan Forgiveness (PSLF) (11:42)
Income Driven Repayment Forgiveness (10:54)
Private Loans and Refinancing (7:08)
Refinancing During Residency (6:39)
Pay Off Debt Quickly (3:43)
Paying Off Loans vs. Investing (4:20)
Examples of Student Loan Portion of Written Financial Plan
Student Loan Worksheet
How to Do Your Written Plan – Student Loans (4:11)
Section Quiz (7 Questions)
Quiz Answers and Explanations

Section 6 – How to Spend Money to Increase Current and Future Happiness

Live Like a Resident (3:43)
Hit the Ground Running (2:10)
Cash Flow Planning (Budgeting) (6:31)
Budget Example
Minimizing Fixed Expenses (2:26)
Sinking Funds (1:15)
Emergency Funds (3:06)
How to Do Your Written Plan – Spending (3:01)
Examples of Spending Portion of Written Financial Plan
Section Quiz (7 Questions)
Quiz Explanations and Answers

Section 7 – Creating Your Investing Plan, Part 1: Setting SMART Goals That Matter to You

Setting SMART Goals (4:02)
The Three Enemies of the Investor (5:08)
How Much You Need to Retire (9:43)
Savings Rate (2:42)
Social Security (2:40)
College Savings (3:47)
Future Value Function (4:56)
Payment Function (3:47)
Period Function (3:15)
How to Do Your Written Plan – Goals (3:56)
Goal Worksheet
Examples of Goals Portion of Written Financial Plan
Section Quiz (7 Questions)
Quiz Answers and Explanations
How Social Security Affects You – Mike Piper, CPA (47:39)
Additional Resource: Boldin

Section 8 – Creating Your Investing Plan, Part 2: Understanding Your Investing Accounts

Investing in a Taxable Account (14:03)
Read Your Plan Documents (1:42)
Two Main Types of Retirement Accounts (2:33)
Employer-Provided Retirement Accounts (3:58)
Self-Employed Retirement Plans (2:39)
Defined Benefit Plans (1:23)
The Backdoor Roth IRA (8:35)
Health Savings Account (HSA) (3:17)
Multiple 401(k)s (4:11)
529 Plans – Education Savings (4:49)
Secure Act 2.0 (24:31)
How to Do Your Written Plan – Investing Accounts (3:23)
Examples of Investing Accounts Portion of Written Financial Plan
Section Quiz (13 Questions)
Quiz Answers and Explanations
Tax-Efficient Investing – Mike Piper, CPA (4:02)

Section 9 – Creating Your Investing Plan, Part 3: Asset Allocation and Implementation

Stocks, Bonds, and Mutual Funds (9:13)
The Case for Mutual Funds (9:30)
Index Funds (4:07)
Introduction to Asset Classes (6:03)
Total Market vs. Factor Investing (8:07)
Options for Real Estate Investing (12:34)
Choosing an Asset Allocation (15:09)
The Simple Approach (3:32)
Tax-Efficiency and Asset Location (10:31)
Implementing Your Asset Allocation (10:52)
Rebalancing Your Portfolio (3:57)
How to Make a Rebalancing Spreadsheet (10:21)
Investing in Retirement (7:49)
How to Do Your Written Plan – Asset Allocation (10:19)
Asset Allocation Worksheet
Examples of Asset Allocation Portion of Written Investing Plan
Build an Asset Allocation Spreadsheet (9:02)
Section Quiz (10 Questions)
Quiz Answers and Explanations
The Education of an Index Investor – Rick Ferri, CFA (61:30)
Tax-Efficient Investing in Taxable Accounts – Mike Piper, CPA (7:03)
What Is Factor Investing? – Paul Merriman (7:03)
How Physicians Fail at Investing – William Bernstein, MD (59:15)

Section 10 – Estate Planning

Purposes of Estate Planning (0:46)
Why You Need a Will (2:10)
Probate and Designating Beneficiaries (2:58)
Revocable Trusts (2:40)
Avoiding the Death Tax (8:19)
How to Gift Assets (2:14)
Irrevocable Trusts (1:57)
When to Meet with an Estate Planning Attorney (0:54)
How to Do Your Written Plan – Estate Planning (2:53)
Estate Plan/Asset Protection Worksheet
Examples of Estate Planning Portion of Written Financial Plan
Section Quiz (8 Questions)
Quiz Answers and Explanations
What Should Your Estate Plan Do? – Daniel Kesten, JD (6:14)
Crucial Estate Planning Concepts for Physicians: Can You Trust Online Trusts? – J. RobRoy Platt, JD (50:54)
Estate Planning: Taking Care of Those You Care About Most – Daniel Kesten, JD (58:40)

Section 11 – Asset Protection

Evaluating Your Risks (8:54)
Insurance: The First Line of Defense (2:52)
Learning Your State Asset Protection Laws (6:27)
Should I Incorporate My Practice? (2:44)
Separating Toxic and Non-Toxic Assets (2:43)
Advanced Asset Protection (5:10)
How to Do Your Written Plan – Asset Protection (4:14)
Examples of Asset Protection Portion of Written Financial Plan
Section Quiz (7 Questions)
Quiz Answers and Explanations
Above Policy Limits Judgments – Jim Dahle, MD (10:21)
Asset Protection and Risk Management for Affluent Physicians – Ike Devji, JD (52:37)

Section 12 – Staying the Course

Staying the Course and Market History (5:41)
Initial and Continuing Financial Education (2:03)
Modifying the Plan (2:28)
How to Do Your Written Financial Plan – Finishing the Plan (5:28)
Financial Plan Worksheet
Implementing Your Plan (3:11)
Section Quiz (8 Questions)
Quiz Answers and Explanations
Final Exam (50 Questions)
Final Exam Answers and Explanations
Please Leave Us Feedback to Improve the Course
The Psychology of Investing – Morgan Housel (44:27)

Section 13 – Physician Wellness

Physician Burnout: A New Kind of Medical Epidemic – Nisha Mehta, MD (52:50)
How Physicians and Patients Will Pay for Health Care and Other Expenses Now and in Retirement – Jim Dahle, MD (61:10)
Balancing Work, Family, and Finances – Bonnie Koo, MD (60:11)
Recovering from Cases That Make You Cry – Fahd Ahmad, MD (65:42)
Self-Knowledge: The Key to Managing Physical and Financial Health – Dawn Baker, MD (53:02)
Adventures in Burnout Panel: Recognizing and Beating the Burn – Crispy Doc; James Turner, MD; Dawn Baker, MD; Reflections of a Millennial Doc (51:12)
Bridging the Intimacy Gap Between Doctor and Patients Through Shared Storytelling – Jordan Grumet, MD (26:22)
Protecting Your Patients and Yourself from Malpractice – Jim Dahle, MD (75:32)
Instructions for How to Receive Your CME/CE Certificate

Resident – What You Need to Know About Finances During Residency

Introduction to Fire Your Financial Advisor for Residents (3:36)
High-Yield Financial Topics Your Residents Need to Know – Brennan Boyd, MD (43:38)

Resident – What You Need to Know About Insurance

Disability Insurance (16:49)
Life Insurance for Residents (7:23)
How to Do Your Written Plan – Insurance (6:47)
Insurance Worksheet

Resident – Investing

Investing for Residents (14:29)
Becoming Financially Literate (15:19)
Exploring the Tax Efficient Waterfall – Sarah Catherine Gutierrez, CFP (49:13)

Resident – Preparing to Become an Attending

The First 12 Months (3:37)
Job Selection (5:48)
Contract Evaluation (4:32)
Negotiation (7:08)
Tricks, Hacks, and Financial Arbitrage (9:53)
Finance 101: For Graduating Residents and New Attendings – Altelisha Taylor, MD MPH (53:46)
How to Understand and Negotiate Your Employment Contract – Brian Foley, MD, MBA (55:51)
Annihilate Your Student Debt – Disha Spath, MD (46:07)
Live Like a Resident (3:43)

Resident – Creating Your Written Financial Plan

The Written Plan (2:19)

Student – The Finances of Medical School

The Math of Doctoring (8:19)
Introduction to Your Instructors (1:01)
Money and Medicine (9:49)
Choosing a School (7:53)
How to Pay for School (7:29)
Military Programs (8:57)
Federal Programs (11:44)
How to Think About Money as a Physician – Jonathan Clements (51:21)

Student – During School

Minimizing Your Debt Burden in School (21:15)
Investing in School (6:06)
Choosing a Specialty (11:30)
Choosing a Residency Program (16:29)
Burnout Management (7:51)
How to Think About Debt – James Dahle, MD (42:34)

Student – Moving onto Residency

Getting Disability Insurance (10:36)
Life Insurance for Students (5:42)
Renting vs. Buying (9:14)
Conclusion (2:04)

How to Do Your Written Plan – Asset Protection

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