Author Archives: Billy Gwaltney

There are two ways to retire as a physician: you can either retire sitting on a pile of assets you’re afraid to touch, or you can enjoy life, knowing your finances are secure no matter what happens to you.

If you want to belong to the second camp, this is the episode for you.

Today we’re joined for the second installment of Kyle Christensen’s 2-part interview on financial planning.

In this episode, you’ll discover the 3 investing rules that help you plan your finances for maximum wealth. Plus, you’ll find out what kind of life insurance policy gives you the most peace of mind as you advance through your career.

Tune in now!

Show Highlights Include:

Do you know your maximum life insurance? If not, listen now. It could save your spouse’s quality of life when you croak (0:35)

The 3 types of life insurance, which one is cheapest, and which to get if you want the biggest payout possible (6:11)

Why self-insuring is almost always a costly mistake (even if it seems cost-effective on the surface) (10:43)

The surprising “life enjoyment” benefits of keeping an active life insurance policy after retirement (16:51)

Why is it that doctors are so skilled, yet have so little control of their careers?

Your time is controlled by your patients. And your salary is capped by insurance reimbursement rates.

Financial planning, on the other hand, is one of the areas where you have plenty of control. Yet most physicians throw it away to financial institutions, praying they’ll have your best interests at heart.

Spoiler alert: they don’t.

And because of that, you could miss out on millions of dollars by retirement.

But today’s guest, San Antonio financial advisor Kyle Christensen has a solution.

In this episode, you’ll discover 5 financial planning principles that put your finances back in your control and help you retire wealthy.

Tune in now!

Show Highlights Include:

A simple mindset shift that could transform a physician’s chaotic schedule into a smooth day (3:44)

Why most physicians are bad with money, why it’s not your fault (and how to take ownership of your financial future) (13:57)

The weird reason investing your income is like lighting your money on fire (unless you do this with 15% of your income first) (16:35)

The “pretend protection” trap that leaves optimistic physicians incapacitated and broke (18:31) 

How to guard yourself against “The 4 Rules” financial institutions use to give you as little money as possible (21:47)

The “Velocity of Money” strategy that helps international banks (and savvy physicians) become outrageously wealthy (27:57)

If you’ve ever thought about whether or not you need a broker, then you’re not alone.

Thousands of physicians have asked the same question…

It’s only responsible to know if you need to be spending money on something you could likely do yourself.

Join me in this episode as we delve deep into the question on every physician’s mind: Do I really need a broker? We’ll explore the benefits and drawbacks of having a broker, how it can potentially save you time and effort, and much, much more!

Tune in now!

Show Highlights Include:

Why reading a disability coverage contract by yourself is like navigating a field of landmines (1:17)

How choosing the wrong broker can cost you upwards of $20,000 every month (2:51)

Top 5 traits you need to look for when you’re choosing a broker (This will save you unnecessary stress & headache at the time of a claim) (3:09)

Here’s why 95% of the brokers on the market are the worst possible choice for a physician (3:37)

If you enjoyed and valued this content, you might also want to check out Episode 62 – Certainty is the expectation. This episode is available on this site’s podcast channel (Click HERE) or on Spotifyor Apple Podcasts.

And/or Is Disability Insurance Really Worth It? With Dr. Naguib Farah. This episode is available on this site’s podcast channel (Click HERE) or on Spotify or Apple Podcasts.

And/or Do I need a broker? This episode is available on this site’s podcast channel (Click HERE) or on Spotify or Apple Podcasts.

Some people think it’s better to skip a broker and go straight to an insurance company to avoid paying an extra fee.

Which is an excellent idea if you want to save money by doing the work yourself.

But unfortunately, it is more complicated than you think. And often, it’s more expensive to go straight to the insurance companies because you won’t get the best rates (and you wind up paying for the broker fee anyway).

Join me in this episode as I share whether skipping a broker is a good idea or not. And how to get the best disability coverage, and save yourself from coverage issues that cause frustration and hurt your wallet.

Tune in now!

Show Highlights Include:

Can you go straight to an insurance company to avoid paying an extra fee for the broker? Here’s why it could cost you more… (1:17)

How to choose the right broker (Warning: not knowing this could cost you thousands of dollars) (2:33)

Why buying disability coverage from a large firm is the worst financial decision you can make that’ll cost you thousands in the long term (5:18)

The 3 traits your disability coverage broker absolutely needs to have (This will save you from headaches & unnecessary work in the long run) (7:18)

If you enjoyed and valued this content, you might also want to check out Why the Broker Matters. This episode is available on this site’s podcast channel (Click HERE) or on Spotify or Apple Podcasts.

Most physicians think they’re invincible to accidents which can disable them and forever change their life. Physicians spend decades in school dedicating their lives to their careers, but never think twice about how quickly it can end or get altered.

That’s what happened with today’s guest, Dr. Naguib Farah. Dr. Naguib thought he had good genes, and never considered he’d one day be unable to work a full workweek. But then his stresses got to him, caused a stroke, and left him with partial blinding in one of his eyes.

Dr. Naguib still works in some capacity today, but only 66% of the time he used to work. Luckily for Dr. Naguib, he had good disability insurance (even though he almost got denied).

In this episode, Dr. Naguib shares his story of becoming disabled and how his disability insurance saved him from financial and existential anxiety and depression.

Listen now.

Show highlights:

Why private disability insurance is crucial for your financial freedom (especially if you think you have good genes and will never get disabled) (5:16) How to get the best definitions and rates for your disability insurance (5:59)

The insidious way even “healthy” physicians can become unable to perform their duties overnight (6:57)

Why filing an insurance claim with a broker help you receive your benefits faster (and with fewer headaches) (17:59)

How to get an insurance company to accept your claim (even if they’ve denied you before) (19:03)

The weird way disabled physicians are their own worst enemy to their doctors (and how this could make your insurance company deny your claims) (20:40)

To ask questions on insurance coverage or to get a quote, please don’t hesitate to call us anytime at 704-270-2376, and I’d be glad to discuss your specific situation with you.

If you enjoyed and valued this content, you might also want to check out Episode 62 – Certainty is the expectation. This episode is available on this site’s podcast channel (Click HERE) or on Spotify or Apple Podcasts.

And/or Why the Broker Matters. This episode is available on this site’s podcast channel (Click HERE) or on Spotify or Apple Podcasts.

Every working person is vulnerable to disability.

And being disabled reduces your earnings, which is why I always recommend a private disability policy.

It’s one of the most effective methods for safeguarding a portion of your income while maintaining your standard of living.

But how do you go about purchasing a private disability policy?

In this episode, you’ll discover how to protect your hard-earned money with a private disability policy and where to safely purchase yours without spending more than required..

Listen now.

Show Highlights Include:

How to purchase the best coverage policy in 3 simple steps. (1:36)

The 4 factors that influence your coverage rate to prevent any “extra” bills you didn’t plan for.  (2:20)

How a good broker can help you cut the stress of purchasing your policy by half. (4:35)

How to reap income-tax-free benefits by paying for your coverage yourself. (6:32)

Working with us as your broker  — the best way to have a smooth policy purchase. (8:47)

As a trainee, it can be tough to budget for disability coverage.

But here’s the thing: waiting to get coverage is like playing a risky game with your finances.

Think about it – the longer you wait, the higher the interest rates on your coverage will be. It’s like a ticking time bomb for your wallet.

This is why it’s important that you learn to take control of your financial and health destiny now to get the best discounts and rates on disability coverage.

In this episode, we’ll show you how to do just that while paying as little as possible on premiums.

Listen now!

Show Highlights Include:

How to get the largest discount on your disability coverage (2:14)

2 overlooked reasons why waiting till graduation to get coverage ends up costing you more in the long term (2:43)

How 95% of the trainees end up paying 20-30% extra for coverage (and how you can avoid that) (3:16)

#1 reason why waiting for four years as a trainee to get the coverage could end up costing you an extra 40-50% in premiums permanently (and how you can prevent that) (3:43)

How you can legally bypass in-person physical screening for the coverage as a trainee (4:32)

The key to securing the lowest premiums on your coverage (6:42)

Why a lower coverage rate may be the smarter choice as a trainee (9:55)

How much are you paying right now for your insurance premiums?

There’s a 95% chance it’s too much. Because 95% of physicians are unaware they can reduce how much they have to pay in premiums on their coverage.

How?

By simply getting a discount through the right associations…

And by doing so, there’s a good chance you can save up to 50% on your coverage.

In this episode, you’ll discover how to add discounts to your existing attendant coverage. And, if you’re still in your trainee phase, you’ll find out how you can save up to 50%!

Listen now.

Show Highlights Include:

How to save up to 40-50% on your disability coverage permanently by using trainee discount (1:23)

How you can to get up to 15% off your coverage as an attendant (even if you’re past the trainee period) (3:24)

The “Policy Discount” loophole most insurance companies use to charge you extra premiums (and how you can avoid it…) (4:32)

A secret strategy for saving money on your insurance policy (while upgrading your coverage) (4:50)

If you enjoyed and valued this content, you might also want to check out Episode 61 – Should I purchase Disability insurance before moving to Califronia. This episode is available on this site’s podcast channel (Click HERE) or on Spotify or Apple Podcasts.

And/or Why Buy Early? This episode is available on this site’s podcast channel (Click HERE) or on Spotify or Apple Podcasts.

The state of Massachusetts is taking away gender-neutral discounting.

Which means that you can no longer add that to your policy to get a whopping 30-40% discount…

The highest discount you can get as an attendee. Comparable to your trainee discount, which is not available to practicing physicians.

In this episode, we show you how to use gender-neutral discounting to lower your premium rates permanently.

Listen now!

Show Highlights Include:

How insurance companies decide how much to charge you on premiums (and how you can lower it in your benefit.) (1:04)

Why if you’re a females need to get your disability coverage ASAP (hint: you’ll likely end up paying a fortune) (1:45)

3 different scenarios take advantage of your disability coverage and claim benefits while working your profession (4:13)

How to claim the 30-40% gender-neutral discount before it expires permanently (7:11)