Advertise on podcast: Financial Wellness MD

Out of over 400 books I've read on investing, mindset, business, leadership, etc... the book "Rich Dad, Poor Dad" was one of the best, especially for Mindset.    You can listen to my 10 min book summary on this podcast now and get the scoop and see why this book keeps selling millions of copies every year...

Thinking about buying stocks? Don’t buy another stock, or make any investment for that matter, until you’ve answered these questions. Many blindly invest in the stock market. They may do this directly or abdicate decisions to a broker or retirement plan manager who just spreads bets as thinly as possible. On the surface, stocks may seem overly complicated. This may be intentional so that investors fall into default financial vehicles and let someone else invest their money. However, you should at least know some basics. Hear this podcast and learn them

In my latest podcast, I interview the CEO of Quest IRA and discuss how the top 2% create a portfolio inside their IRA, devoid of traditional products that make financial advisors wealthy and not you.  You will learn:   1. What are the benefits of self directing your IRA 2. Why do financial advisors hide this option from you 3. The top 3 asset classes that successful investors buy in their IRA

KEY TAKEAWAYS Private equity is an alternative form of private financing, away from public markets, in which funds and investors directly invest in companies or engage in buyouts of such companies. Private equity firms make money by charging management and performance fees from investors in a fund. Among the advantages of private equity is easy access to alternate forms of capital for entrepreneurs and company founders and less stress of quarterly performance. Those advantages are offset by the fact that private equity valuations are not set by market forces. Private equity can take on various forms, from complex leveraged buyouts to venture capital.  

  In this episode, Amir discusses:  ·         The downsides to a traditional 401K.  ·         How the markets effect your retirement funds.  ·         How a Roth IRA works & income limits on a Roth IRA.  ·         How to do conversions or roll-overs from one retirement account to another.  Key Takeaways:  ·         Investing in a Backdoor Roth IRA can boost your net worth.  ·         Think about other means for investing, rather than just stocks and bonds.  ·         There are backdoor ways to get a Roth IRA even if you are outside the income limits.  ·         Talk to your accountant/a self-directed custodian about other options for investing and retirement accounts and keep your options open.        "Diversity is good, not just outside your IRA, but also inside your IRA, for your own retirement’s sake." — Amir Baluch        Connect with Amir Baluch:     Email: [email protected]  LinkedIn: http://www.linkedin.com/amirbaluchmd  Website: http://www.financialwellnessMD.com                 Show notes by show producer: Chelsea Taylor-Sturkie     Audio production by Turnkey Podcast Productions. You're the expert. Your podcast will prove it. 

  In this episode, Amir discusses:  ·         Good debt verses bad debt.  ·         Statistics surrounding doctors and their debt.  ·         The frustration many doctors are having about becoming a doctor due to bad debt.  ·         Using smart debt leverage to add a passive income.        Key Takeaways:  ·         A new report shows that more doctors are paying more in student loans but making less from the beginning.  ·         Good debt will make you money every month rather than costing you.  ·         Be alert to bad debt, but appreciate good debt and leverage.  ·         Use your knowledge to build the finances you really want.        "Remember, being a doctor is an accomplishment, but at the same time, that doesn’t mean you need to work yourself to death, or choke yourself on debt forever and put off passive investing." — Amir Baluch        Connect with Amir Baluch:     Email: [email protected]  LinkedIn: http://www.linkedin.com/amirbaluchmd  Website: http://www.financialwellnessMD.com                 Show notes by show producer: Chelsea Taylor-Sturkie     Audio production by Turnkey Podcast Productions. You're the expert. Your podcast will prove it.  

In this episode, Amir discusses: The effect of taxes on when you should retire. Your job becoming part of your identity, and the effect it has on your retirement. Taking a partial retirement later in life, or even starting it now. Working even when you don't need the extra money. Key Takeaways: Taxes on business income and investment income are typically far less than on earned income from a job. Don't wait to enjoy life for in the future, it's a scam. Retirement doesn't have to be boring, you can do more of what you love. Your work can help out the world even if you don't need the income.     "The new retirement isn't about having money it's about having time." — Amir Baluch     Connect with Amir Baluch:   Email: [email protected] LinkedIn: http://www.linkedin.com/amirbaluchmd Website: http://www.financialwellnessMD.com           Show notes by show producer: Jessie Taylor   Audio production by Turnkey Podcast Productions. You're the expert. Your podcast will prove it.   

In this episode, Amir discusses: Being charged too much in taxes Tax rates Paying less on taxes You have the right to protest your property taxes Key Takeaways: Funds from taxes aren't used effectively Taxes are based off of local tax assessments You can get discounts for paying taxes early You can get tax rebates     "Tax payers are routinely overcharged with the expectation that they will appeal, though few know that they can even do that." — Amir Baluch     Connect with Amir Baluch:   Email: [email protected] LinkedIn: http://www.linkedin.com/amirbaluchmd Website: http://www.financialwellnessMD.com           Show notes by show producer: Jessie Taylor   Audio production by Turnkey Podcast Productions. You're the expert. Your podcast will prove it.