ER Doc Advisor - Financial Planning & Taxes for Emergency Physicians

EP 157: Why Are ER Docs Passing up an Extra $20,000,000?

We started this podcast for several reasons, one of which was to provide great content for ER docs. We wanted this to be true whether you’re a client, prospective client, or even a DIY’er. But there’s a bit of irony in our pursuit in that even if listeners pick up and implement a few nuggets of information they hear us discuss, there are likely tons of missed wealth-building opportunities occurring within their financial lives. In order for there not to be, it would require an almost inhuman ability to stay regimented and objective in one’s own financial behaviors and decisions all while completely understanding the nuances of financial planning. Basically, it’s extremely unlikely.

On today’s episode, we’ll discuss how financial planning may seem simple on the surface, but the reality is it spans across many disciplines – psychology, behavior, math, science. And the irony is not adhering to all facets of financial planning likely means forgoing a substantial amount of wealth.


Topics Discussed:   
  • The unfortunate truth about the intricacies of financial planning.
  • A common misnomer that comes up when talking with many ER docs.
  • Why you don’t need to have lots of money or investments to benefit from good financial planning.
  • The bread and butter financial tool that we use (and that every ER doc should use).
  • The comparison between an ER doc with a financial plan vs. an ER doc without one.
  • How good decisions compound upon each other.
  • The importance of having the right insurance.
  • The impact of your planning on your family and future.
  • Why many decisions are an ongoing process rather than one-and-done.

Resources Mentioned:


tax savings, ER doctors, ER docs, emergency doctor, financial planning, financial plan,