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Ep.029: From Burnout to Balance: How Financial Literacy Can Help You Thrive
Millennial Money Canada
52 minutes
1 week ago
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