#25: Financial Wellness with Latifat Akintade, MD

On this episode we chat with Dr. Latifat Akintade, a gastroenterologist and the dynamo behind MoneyFitMD podcast and financial wellness program. She talks about her own financial journey and what physicians can do to move toward financial freedom. In a more global sense, physicians being financially secure can be a first step in changing the culture of medicine for the better.

Some common mistakes physicians make in managing their finances:

• avoiding it and delegating, thinking someone else can be trusted more than our own brains
• trying one way and believing the fact it hadn't worked once means it isn't going to work
• only focusing on saving and not focusing on investments

She talks about the concept of being the CEO of our own lives and remembering that we are our biggest assets. In that way, you'd never overwork and not take care of your star player (you). Also if you think of yourself as the CEO of your life, it wouldn't make sense to ignore your finances and not plan for the future.

Dr. Latifat goes into the 3 components of ideal wealth:

• impact
• legacy
• creating our own definition of a rich life

Dr. Latifat estimates accumulating money is about 20% numbers, but the rest is mindset. She talks about simple steps to get started, even if you know nothing right now about money.

Lastly, we talk about her FREE mini-course at www.moneyfitmd.com/feedom. It covers:

• creating a spending plan, even if you hate numbers and spreadsheets
• understanding debt
• how to make more money
• changing mentality regarding wealth

After hearing her, you'll want to check out her podcast here to listen more. You can also visit her website here.

 

If you want to work with us, visit our website: www.thewholephysician.com. We have private coaching and CME courses available. Additionally, we're happy to lecture for your institution. Sign up for our Weekly Well Check by clicking the link. The Weekly Well Check is your weekly dose of encouragement and your only access to secret insider sales on our products.

If you'd like something you can use today, download our free Top 10 Mindset Hacks for Doctors here.

 

For a free quote on Own-Occupation Insurance, you're welcome to use our affiliate link: patternlife.com/drivetime