#52| Are You Rich Or Are You Wealthy

In this episode with Lane R. Gerhardt, we talk about how buying a home with student loans and a short work history can feel impossible until you understand how physician loans and bank portfolio lending actually work. We talk through when buying makes sense during training, how to avoid overspending after the first big paycheck, and why chasing the “perfect” rate can cost you. • what “physician loan” means in plain language and how it differs from conventional mortgages • why many doctor loans come from bank money and what banks want in return • how low or zero down payment and no mortgage insurance can change the math • the biggest timing question: how long you plan to stay in the home • lifestyle realities of ownership during residency and fellowship hours • common mistake: buying the max you’re approved for • “rich vs wealthy” mindset and delaying gratification to build long-term wealth • how private banking helps with complex income and exceptions • rate advice for shifting markets and avoiding “perfect” decisions To connect with Lane R. Gerhardt or explore his work further, feel free to visit the link here. Subscribe, leave a review, or share this with somebody that you think might benefit from this episode. Connect with me on Instagram or email me at [email protected] with your thoughts, topic ideas, questions, or even guest suggestions.