M Advisor Podcast: Financial Clarity for Physicians

Sometimes the simplest things are the most difficult. Being content in our lives is one of these simple, yet difficult things. Whether it be from gratitude or internal fulfillment, being content with yourself, your life, and your circumstances can be an advantage to your future, both from a happiness perspective as well as a financial standpoint.

Are we helping our kids too much, too little, or just right as they transition from teenager to adults. While we want our kids to become independent, productive adults, how we intervene teaches them to be dependent or independent. Helping too much can negatively shape their opinion on effort and hard work, but so can helping too little. Striking a balance of support and communicating expectations are likely helpful endeavors. This is a question that should be viewed from the family values lens.

Is your spending frugal or wasteful? What's the difference, and how do you know? In this episode we explore the differences between frugal and wasteful spending and how it impacts your finances and the earth.

What's more impactful than sharing free time with your kids? Could discovering a hobby (together) be one of the most lasting gifts you give to your children? How do you go about finding a hobby? Let's chat about it!

With home-buying season approaching and tax season just ending, I thought it'd be appropriate to review what mortgage interest is deductible on your personal tax return. Understanding this concept can greatly impact your planning when shopping for home, preparing for your mortgage, or planning around your current mortgage. This should not be construed as tax advice. Please consult a qualified tax professional for tax advice.