Dr. Nirav Shah returns to discuss the often-overlooked field of medical expert witness work, revealing how physicians can use their expertise to earn substantial side income while maintaining their ethical standards.

Dr. Shah recounts his initial foray into the courtroom, offers insights into the financial structure of this work, and discusses the challenges and rewards of being a medical expert witness. The episode also covers his upcoming course on the subject, designed to help doctors enter this field with confidence. Whether you're curious about diversifying your income or simply want to learn more about this niche, Dr. Shah’s insights are invaluable.

Note: Sign up for the webinar here!

BIO

Dr. Nirav Shah by day is a board-certified neurologist and stroke expert, saving lives at the forefront of his field. Driven by a passion for innovation and entrepreneurship, Dr. Shah is now on a mission to help physicians and high-income professionals achieve financial freedom and design their dream retirements. As a member of Physician on FIRE, he shares his insights and empowers others to take control of their financial future. Beyond his professional achievements, Dr. Shah is an avid traveler and landscape photographer, capturing breathtaking natural beauty around the world.

Join us as we chat with Dr. Nirav Shah about his fascinating career journey and how he used medical expert witness work as a side gig to pay off debts early in his career!

• Physician on FIRE: A platform dedicated to helping high-income professionals, particularly physicians, achieve financial independence and design their ideal retirements.

• Medical Expert Witness Course: Dr. Nirav Shah and his colleagues are developing a course to help physicians get started with medical expert witness work. The course will cover everything from understanding the legal landscape to building a practice in this lucrative field. Connect with their team at this link for more details and to sign up for the upcoming course.

• CME Credits: The medical expert witness course mentioned will offer Continuing Medical Education (CME) credits, which can be used by physicians to meet their professional education requirements.

• Financial Independence Coaching: Dr. Shah mentioned the possibility of pursuing financial coaching, such as becoming a Certified Financial Planner (CFP), as a way to diversify income streams and assist other physicians in managing their finances.

• Photographic Work: Dr. Shah is also an avid landscape photographer, often traveling to capture natural beauty around the world. While not directly linked to the financial independence topic, his photography hobby showcases his well-rounded approach to life and work.

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👋 This episode is sponsored by PearsonRavitz – helping physicians safeguard their most valuable assets.

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If you enjoyed the show, find and follow Dr. Disha everywhere else:

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Please note: The content shared on the podcast is for informational purposes only and should not be considered individualized financial advice. It is essential to consult with professionals such as accountants, financial advisors, or attorneys to receive personalized guidance based on your specific needs.

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Starting with Alexander Hamilton's crucial role in establishing the early financial system of the United States, Dr. Disha explains how his legacy laid the foundation for the creation of the Federal Reserve in 1913.

The episode covers the Fed's tools for managing the economy, including the federal funds rate, reserve requirements, and open market operations, highlighting how these mechanisms impact everyday financial decisions.

Dr. Spath brings history to life with a focus on how the principles established by Hamilton continue to guide modern economic policy and influence our financial lives today.

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👋 This episode is sponsored by PearsonRavitz – helping physicians safeguard their most valuable assets.

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Also sponsored by Equity Multiple - EquityMultiple brings you streamlined access to transformative real estate, starting with just $5k. Get started at equitymultiple.com.

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If you enjoyed the show, find and follow Dr. Disha everywhere else:

Twitter

Website

Facebook

The Frugal Physician’s Facebook Group

YouTube

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Please note: The content shared on the podcast is for informational purposes only and should not be considered individualized financial advice. It is essential to consult with professionals such as accountants, financial advisors, or attorneys to receive personalized guidance based on your specific needs.

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In this repurposed episode from the Earn & Invest podcast, Dr. Disha joins Doc G to discuss the financial implications of an election year.

They explore how political uncertainty can impact personal finances, offering practical advice on maintaining financial stability amid the chaos.

From understanding market fluctuations to long-term investment strategies, Dr. Disha discusses how to stay financially resilient during tumultuous times without making hasty financial decisions.

The Earn & Invest podcast, hosted by Doc G, is a compelling platform where finance meets real life. Designed for those interested in financial independence and personal finance strategies, the show features in-depth interviews and discussions with experts, entrepreneurs, and everyday people who have achieved financial success.

• [00:00:00] - Introduction: Dr. Disha Spath introduces the episode and mentions it’s a repurposed episode from the Earn & Invest podcast.

• [00:02:00] - Financial Anxiety During Elections: Discussion on how election years can create financial anxiety and market volatility.

• [00:05:00] - Real-Life Examples: Doc G shares anecdotes of individuals making drastic financial decisions based on political fears.

• [00:10:00] - Market Behavior During Elections: Explanation of short-term market fluctuations and long-term investment impact.

• [00:15:00] - Legislative Impacts: How changes in legislation can affect personal finances, including tax policies and student loan forgiveness.

• [00:20:00] - Personal Financial Resilience: Tips on building a financial cushion and being frugal to withstand economic uncertainties.

• [00:25:00] - Global Diversification: Discussion on diversifying assets globally as a hedge against domestic political instability.

• [00:30:00] - Final Thoughts: Encouragement to vote and stay informed, but avoid making drastic financial moves based on election outcomes.

• [00:35:00] - Outro: Dr. Spath wraps up the episode, reminding listeners to stay frugal and financially savvy, and invites them to connect on her website and social media.

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👋 This episode is sponsored by PearsonRavitz – helping physicians safeguard their most valuable assets.

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Also sponsored by Equity Multiple - EquityMultiple brings you streamlined access to transformative real estate, starting with just $5k. Get started at equitymultiple.com.

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If you enjoyed the show, find and follow Dr. Disha everywhere else:

Twitter

Website

Facebook

The Frugal Physician’s Facebook Group

YouTube

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Please note: The content shared on the podcast is for informational purposes only and should not be considered individualized financial advice. It is essential to consult with professionals such as accountants, financial advisors, or attorneys to receive personalized guidance based on your specific needs.

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Dr. Disha discusses the SAVE Plan, a student loan forgiveness initiative introduced by the Biden administration, now embroiled in legal battles.

The plan, designed to replace the REPAYE plan, offers significant concessions to borrowers but has faced lawsuits from Republican-led states.

With parts of the plan temporarily blocked and the issue likely heading to the Supreme Court, borrowers are placed in administrative forbearance.

Dr. Spath advises borrowers to stay informed, consider switching repayment strategies if close to forgiveness, and emphasizes the importance of voting in the 2024 election to influence the future of student loan policies.

SAVE Plan - Saving on a Valuable Education Plan.

Biden-Harris Administration - Initial attempts to provide student loan relief.

HEROES Act of 2003 - Used by the administration to justify loan cancellation.

Higher Education Act - Cited for introducing the SAVE Plan.

Income-Driven Repayment Plans (IDR) - Comparison to the SAVE Plan.

Public Service Loan Forgiveness (PSLF) - Impact of administrative forbearance on PSLF.

Supreme Court - Legal challenges and potential rulings on the SAVE Plan.

2024 Election - Potential impact on the future of student loan forgiveness.

Trump Administration - Previous stance on student loan forgiveness and proposals.

Department of Education - Administrative actions and current status of the SAVE Plan.

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👋 This episode is sponsored by PearsonRavitz – helping physicians safeguard their most valuable assets.

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Also sponsored by Equity Multiple - EquityMultiple brings you streamlined access to transformative real estate, starting with just $5k. Get started at equitymultiple.com.

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If you enjoyed the show, find and follow Dr. Disha everywhere else:

Twitter

Website

Facebook

The Frugal Physician’s Facebook Group

YouTube

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Please note: The content shared on the podcast is for informational purposes only and should not be considered individualized financial advice. It is essential to consult with professionals such as accountants, financial advisors, or attorneys to receive personalized guidance based on your specific needs.

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Dr. Sanghamitra Sadhu, a nephrologist and entrepreneur, shares her journey to developing a lean private practice model aimed at reducing burnout and enhancing job satisfaction. By minimizing overhead costs and maximizing patient care, Dr. Sadhu has found a way to thrive in her medical career while maintaining a healthy work-life balance. She also introduces Link Medical Spaces, a platform designed to connect healthcare professionals with affordable shared office spaces, revolutionizing the way doctors practice.

Dr. Sanghamitra Sadhu is a trailblazing nephrologist and entrepreneur who has redefined the traditional medical practice model. After completing her fellowship at the University of Miami, she developed a lean private practice to reduce burnout and increase job satisfaction. Dr. Sadhu's innovative approach focuses on minimizing overhead costs and maximizing patient care. She is also the founder of Link Medical Spaces, a platform that connects healthcare professionals with affordable shared office spaces. Dr. Sadhu is passionate about empowering physicians to find joy and fulfillment in their careers.

1. Lean Practice Model: Dr. Sadhu explains her lean private practice model, emphasizing low overhead costs and enhanced patient care.

2. Personal Journey: Dr. Sadhu shares her personal experience with burnout and how it motivated her to create a more sustainable practice model.

3. Link Medical Spaces: Introduction to Dr. Sadhu's platform that connects healthcare professionals with shared office spaces, reducing costs and increasing flexibility.

4. Challenges and Triumphs: Discussion of the mental and practical challenges Dr. Sadhu faced in establishing her lean practice and how she overcame them.

5. Practical Advice: Tips for other physicians looking to transition to a lean practice model and the benefits it can offer in terms of autonomy and job satisfaction.

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👋 This episode is sponsored by PearsonRavitz – helping physicians safeguard their most valuable assets.

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Also sponsored by Equity Multiple - EquityMultiple brings you streamlined access to transformative real estate, starting with just $5k. Get started at equitymultiple.com.

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If you enjoyed the show, find and follow Dr. Disha everywhere else:

Twitter

Website

Facebook

The Frugal Physician’s Facebook Group

YouTube

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Dr. Disha interviews Jessica, a full-time adventurer and co-founder of The Fioneers. Jessica shares her journey from struggling with financial instability to embracing Slow FI (Slow Financial Independence) through The Fioneers. They discuss the differences between traditional FI, FIRE (Financial Independence Retire Early), and Slow FI, emphasizing the importance of balancing present enjoyment with future security. Jessica provides insights into how intentional living and financial planning with The Fioneers have allowed her to build a life of freedom and fulfillment.

Jessica is a full-time adventurer, part-time writer, speaker, and lifestyle design coach. As the co-founder of the award-winning platform The Fioneers, she is dedicated to helping people achieve financial freedom and design lives they love. Featured in MarketWatch, Business Insider, Forbes, The Motley Fool, and Simple Money Magazine, Jessica is known for her insights into Slow FI (Slow Financial Independence) and intentional living. She enjoys traveling in her camper van, perfecting her sourdough pizza recipe, and playing complex board games.

1. Jessica's Background and Introduction [00:00:00 - 00:01:00]

   • Jessica shares her background, her work with The Fioneers, and her journey from financial instability to financial independence.

2. Transition to Financial Independence [00:02:00 - 00:05:00]

   • Jessica discusses her initial struggles, the impact of the 2009 recession, and her shift from a scarcity mindset to a path of financial independence with The Fioneers.

3. Understanding Slow FI [00:06:00 - 00:10:00]

   • Explanation of Slow FI (Slow Financial Independence) and how it differs from traditional FIRE (Financial Independence Retire Early) and the traditional retirement path.

4. Jessica's Personal and Professional Transformation [00:12:00 - 00:18:00]

   • Insight into Jessica's journey from a high-pressure corporate job to creating a balanced, intentional lifestyle that incorporates financial freedom through The Fioneers.

5. Real-Life Examples and Success Stories [00:22:00 - 00:27:00]

   • Jessica shares success stories of clients who have transformed their lives through the principles of Slow FI, highlighting the practical application and benefits of this approach as promoted by The Fioneers.

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👋 This episode is sponsored by PearsonRavitz – helping physicians safeguard their most valuable assets.

—---

Also sponsored by Equity Multiple - EquityMultiple brings you streamlined access to transformative real estate, starting with just $5k. Get started at equitymultiple.com.

—---

If you enjoyed the show, find and follow Dr. Disha everywhere else:

Twitter

Website

Facebook

The Frugal Physician’s Facebook Group

YouTube