Ep.029: From Burnout to Balance: How Financial Literacy Can Help You Thrive

Summary

In this episode, Guillaume Girard interviews Dr. Christian Wigmore, founder of BudgetYourMD, about the financial challenges physicians face and the importance of financial literacy. They explore Dr. Wigmore's journey to becoming a physician, the pressures of medical school debt, and the impact of lifestyle inflation on financial decisions. The conversation emphasizes the need for better financial education for medical students and the role of BudgetYourMD in empowering future physicians to manage their finances effectively and avoid burnout.

Topics Covered in this Episode

00:00 The Journey to Medicine

04:20 Exploring Financial Insights

08:10 The Role of a Family Doctor

12:27 Deciding on a Medical Specialty

14:08 Financial Literacy Challenges for Physicians

16:27 Managing Debt and Lifestyle Inflation

19:18 Navigating Financial Advice and Insurance

22:17 The Evolution of Financial Planning Models

29:30 The Challenge of Active Fund Management

30:49 Introducing BudgeterMD: A Passion Project

32:12 Addressing Financial Literacy in Medicine

34:45 Services Offered by BudgeterMD

36:53 Feedback and Community Engagement

39:07 The Importance of Open Conversations About Money

41:55 Future Vision for BudgeterMD

44:30 The Cashflow Clinic: A Unique Approach

45:37 Exploring Podcasting as a Medium

48:39 Final Thoughts on Financial Literacy

Budget Your MD

Website: https://www.budgetyourmd.ca/

LinkedIn: https://www.linkedin.com/in/christianwigmore/?originalSubdomain=ca

Millen Wealth AdvisorsVisit our Website: https://www.mwadvisors.ca/

Follow Guillaume on Social MediaPodcast YouTube Channel: https://www.youtube.com/@MillennialMoneyCanadaPodcastGuillaume’s Instagram: https://www.instagram.com/financialplannergui/Guillaume LinkedIn: https://www.linkedin.com/in/guillaume-girard-cfa-cfp-08487170/

Keywords

Financial literacy, physicians, medical school, budgeting, financial planning, lifestyle inflation, debt management, financial advice, burnout, Budget

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