ER Doc Advisor - Financial Planning & Taxes for Emergency Physicians

EP 194: Halfway Through 2024 - Where Do Your Finances Stand?

Maslow’s Hierarchy of Needs is a psychology theory that details our motivations as humans. Within that model, things like food, water, and health are all vital. But so, too, are employment status and property – actually within the same tier as health and safety. That shouldn’t be a surprise; our ability to fund our survival goes hand-in-hand with surviving itself. Yet, it’s almost like our brains can’t wrap around the concept that we will not work at some point in the future, whether we care to or not. That means the planning we do with our money today serves as the replacement for the work we won’t be able to do in the future.

On today’s episode, we’ll remind listeners of the importance of making incremental progress toward financial goals and adhering to a plan.

Topics Discussed:   

  • The power of a cash flow plan.
  • How many people underutilize their cash.
  • Where you might be if you put in place (and followed) a plan at the beginning of the year.
  • Where a lot of ER docs get stuck when it comes to pursuing financial goals.
  • Common areas where people start getting behind (often without knowing it).
  • What to begin looking at if you’re not sure where to start with getting caught up.
  • Where to start if you’re already on track but want to do more.
  • An important lesson from a famous tennis player.

Resources Mentioned:


Cashflow,financial plan, cashflow plan, mid year adjustments, mid year planning, midyear finances, tax payments, financial goals, financial planner, emergency medicine, ER docs, emergency doctors