Ep 046 Friends Talk Finance: Bonnie Fired Her Financial Advisor and Carrie Hired Her!

Aug 23, 2018

Bonnie and Carrie are both on their journey to FI (Financial Independence) and want to share their path and why they feel it is one of the most important things for women physicians to start as soon as possible. They talk about how Bonnie fired her financial advisor and why Carrie ended up hiring her ironically. Both friends discuss how a financial advisor helped them organize their financial lives, make estate plans and guide them on their FI journey.

In this episode, you will learn:

• Carrie finally got to meet Baby Jack in Philadelphia with Bonnie. Yay!
• What Financial Independence really is and how it is different from being debt free.
• Why both Carrie and Bonnie feel that FI should be a main focus for all women physicians.
• Why Bonnie hired her financial advisor in the first place.
• How using a financial advisor helped Bonnie organize her finances and make her estate plan.
• Why Bonnie “fired” her financial advisor and why she doesn’t feel like she needs one now.
• How Carrie ended up hiring the same financial advisor after Bonnie “fired” her.
• Tip #1 from both friends is to get organized or you won’t be able to get started.
• Bonnie talks about the reasons she didn’t like having a financial advisor.
• Carrie talks about why she feels a trusted financial advisor is great for her and her husband.
• How to find a great financial advisor that you can trust.

 

• Thank you to this week’s show sponsor: Johanna Fox Turner at Fox & Company Wealth Management.

 

Links to things we discussed in the show:

• Check out Bonnie’s blog for great financial advice at Miss Bonnie MD.
• Listen to the Choose FI Podcast for great tips and advice on becoming Financially Independent.
• For more great physician specific financial advice check out the The White Coat Investor.
• Find out how to save all of your passwords using LastPass.com.
• Listen to The Dough Roller Podcast and find the worksheets Bonnie talks about there.
• For help on choosing a financial advisor check out Episode 13: Friends Talk Finance- Choosing a Financial Advisor.

Thank you for listening to the Hippocratic Hustle! I know that time is your most valuable resource so I really appreciate you spending some of it with me. If you enjoyed today’s show, please share it!

If you’d like to help me improve and grow the podcast, send your suggestions to: [e-mail]

Lastly, don’t forget to subscribe to the podcast, so you won’t miss an episode, and please take a moment to leave an honest review and rating on iTunes as well. Ratings and reviews are so helpful to our show and we love to hear your feedback!