The Grow Your Wealthy Mindset Podcast
Grow your wealth by working on your mindset and up leveling your game. Your thoughts about money have created your current financial net worth. Sadly, there are many physicians who are have earned a good income but have not built wealth. More and more physicians are becoming burned out as our health care system continues to change. Join the movement of physicians embarking on the journey to take matters in our own hands so we can continue to thrive. Tune in each week to learn more on how to grow your wealthy mindset! Imagine your life when you have the financial knowledge to create wealth so you can practice medicine on your own terms. Please subscribe and leave a review on your favorite Podcasting platform. You can learn more about Elisa at her website or follow her on social media. Website: www.GrowYourWealthyMindset.comInstagram https://www.instagram.com/GrowYourWealthyMindsetFacebook https://www.facebook.com/ElisaChianghttps://www.facebook.com/GrowYourWealthyMindsetYouTube: https://www.youtube.com/c/WealthyMindsetMDLinked In: www.linkedin.com/in/elizabeth-chiang-0582a432
Episodes
152 episodes
Episode 151: The How of Happiness Practicing Acts of Kindness
In the book, The How of Happiness, Dr. Sonja Lynbomirsky outlines 12 activities to increase overall happiness by shifting one's baseline. For 2025, each month will have an episode that talks about activities that can help increase happiness by ...
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Season 3
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Episode 151
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8:18
Episode 150: Staying Invested Even When the Market is Falling
When you hear about a big drop in the stock market, do you feel uneasy? Do you consider selling your stocks or not investing any more money right now. That you’ll wait until the market starts to recover? If that sounds like you, you...
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Season 3
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Episode 150
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14:10
Episode 149: The 401(a): A Lesser Known Employer Sponsored Retirement Account
401(a) plans were established with the original tax code in 1954 and have actually been around longer than 401(k) or 403(b) plans. 401(a) plans are generally offered by government agencies, educational institutions and non-profit organiza...
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Season 3
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Episode 149
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16:12
Episode 148: The Alternative Min Tax
The alternative minimum tax, or AMT, was implemented in 1969 to ensure that all Americans pay their fair share of taxes, and particularly targeted high-income individuals who had a lot of tax deductions. It was originally design to catch those ...
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Season 3
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Episode 148
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13:54
Episode 147: Creating Stories to Raise Money-Smart Kids with Dr. Michele Cho-Dorado
Dr. Michele Cho-Dorado is a Pediatric Gastroenterologist, Medical Director, children’s book author, speaker and founder of Bright Futures EDG. She has developed a children’s book series with a mission to introduce financial literacy to young ki...
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Season 3
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Episode 147
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25:47
Episode 146: The How of Happiness Avoid Overthinking and Social Comparison
In the book, The How of Happiness, Dr. Sonja Lynbomirsky outlines 12 activities to increase overall happiness by shifting one's baseline. For 2025, each month will have an episode that talks about activities that can help increase happiness by ...
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Season 3
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Episode 146
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8:35
Episode 145: Decoding Tax Forms: W-2, 1099s, K-1, and What They Mean for You
W-2 is a wage and tax statement and is sent by an employer to an employee to show the earned income the employer paid the employee during the prior tax year.1099-NEC (or 1099-MISC before 2020) are issued to independent contractors. ...
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Season 3
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Episode 145
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13:57
Episode 144: Financial Leverage: A Double Edged Sword
One thing that attracts a lot of people to investing in real estate is how fast you can potentially grow your wealth. Yes, it takes a lot more effort and work than investing in low cost index funds. The use of financial leverage is also a key t...
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Season 3
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Episode 144
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13:22
Episode 143: REITS: The Simplest Way to Invest in Real Estate
The easiest way to invest in real estate is through publicly traded REITs, Real Estate Investment Trusts and REIT mutual funds or exchange traded funds. Congress established REITS in 1960 which must meet specific criteria. ...
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Season 3
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Episode 143
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13:54
Episode 142: The How of Happiness: Cultivating Optimism
In the book, The How of Happiness, Dr. Sonja Lynbomirsky outlines 12 activities to increase overall happiness by shifting one's baseline. For 2025, each month will have an episode that talks about activities that can help increase happiness by ...
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Season 3
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Episode 142
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11:36
Episode 141: Pump and Dump Schemes and Short Squeezes: The Hidden Dangers of Individual Stock Investing
Have you ever heard of a hot stock tip and debated if you should jump on it? Or been invited to join a group where they discuss promising stocks? If so, you want to avoid finding yourself in a pump an dump scheme. It can be tempting to seek out...
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Season 3
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Episode 141
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15:02
Episode 140: The Costs of Buying and Owning a Home (Why You May Want to Keep Renting)
For many people, the largest amount of money spent in a single purchase is buying real estate. The average home price in the United States is around $420,000 in 2024. In high cost of living areas, the average single-family house can be over $1 ...
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Season 3
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Episode 140
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21:40
Episode 139: New IRS Updates for 2025
This episode discusses the adjustment in tax brackets and changes in contribution limits for tax advantaged accounts for 2025. Marginal Tax Rates for 2025 37% for single taxpayers with incomes over $626,350 and $751,600 ...
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Season 3
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Episode 139
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8:26
Episode 138: The How of Happiness Expressing Gratitude
In Episode 131: Escaping the Hedonic Treadmill, we learned that hedonic adaptation is the tendency to return to a relatively stable level of happiness. People tend to have a baseline or set point level of happiness (or unhappiness) that hey ret...
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Season 3
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Episode 138
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11:20
Episode 137: Flexible Spending and Heathcare Savings Accounts
Flexible Spending and Heathcare Savings Accounts are both ways to pay for your medical expenses with pre-tax money. Anytime you can use pretax money to pay for anything, you are getting generally getting a 22% discount or more depending on your...
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Season 3
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Episode 137
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16:27
Episode 136: New Year Resolutions, Goal Setting, and Reaching Those Goals
The roots of making New Year Resolutions can be traced to Ancient Babylonia and well as Roman traditions. It’s still something many people do today. However, many people who make New Year Resolutions don’t end up keeping them. In this episode, ...
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Season 3
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Episode 136
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18:25
Episode 135: When it Feels Hard to Spend Money
Some of us are spenders while some of us are savers. Personally, I’m a saver. I like to always have a money cushion. The idea of living paycheck to paycheck freaks me out. I like to get good value and prefer to buy any big-ticket items on sale....
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Season 3
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Episode 135
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13:30
Episode 134: Overcoming Money Scarcity With Income Fluctuation with Dr Amy Vertrees
Amy Vertrees, MD is a board-certified general surgeon, Army veteran, certified coach, author and founder of the BOSS Business of Surgery Series. She served 17 years in the Army, reaching the rank of lieutenant colonel, and deploying 3 times to ...
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Season 3
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Episode 134
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42:43
Episode 133: What To Do With Your Retirement Accounts When You Leave a Job
Most physicians will change where they work at least once during their career. Some estimates are as high as 70% of physicians leaving their first job within 2 years. If you have been at a job for a while, hopefully you have an employer sponsor...
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Season 3
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Episode 133
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18:19
Episode 132: End of the year tax tips that you must complete by Dec 31
While filing taxes may still feel like a long time away, December is the time to strategize what you can do before the end of the year to decrease your tax burden. In this episode, I review actions you may want to consider to decrease you...
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Season 3
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Episode 132
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9:58
Episode 131: Escaping the Hedonic Treadmill
Hedonic adaptation is the tendency to return to a relatively stable level of happiness. Good things happen and we may be happy but over time, we return to our baseline of happiness. Bad things happen and we may be upset, sad, or angry but over ...
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Season 3
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Episode 131
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15:47
Episode 130: The Power of Saying No and Making a Decision
Many people have a hard time saying no and this can affect multiple areas of life related to and not related to money. In this episode, I talk about reasons we may not be saying no as often as we should and how to get more comfortable saying no...
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Season 3
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Episode 130
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10:36
Episode 129: Investing in Individual Real Estate Syndications vs Real Estate Funds
Many people are interested in investing in real estate but don’t want the hassle or headaches of being a landlord. This week’s episode talks about how accredited investors can invest passively in real estate syndications or real estate funds. I...
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Season 3
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Episode 129
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13:32
Episode 128: Keeping Your Investing Simple: The One Fund or Three Fund Portfolio
I know everyone does love learning about finances and investing. Some people just want to know what they should invest in. In this episode, I talk about mutual funds that are one stop shopping where a single fun could meet your investment goal ...
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Season 3
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Episode 128
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20:55
Episode 127: Mindful Spending: Rethinking Needs, Wants, and Money Choices
When it comes to planning our spending, we often what we need, what we want, and what we can afford. Sometimes, we conflate things we want as things we need but when we step back, we realize a lot of things we feel we need are really things we ...
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Season 3
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Episode 127
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16:18