Ep 0088 Being Intentional with Money and Life with Ryan Inman

Written by Rocky Lalvani

Take away: Be intentional with your money.
Action step: Figure out your assets and liabilities. What’s your why?
Money Learnings: School didn’t teach Ryan anything about money. He is the first person in his family to go to college. His parents are entrepreneurs and they always talked about money.

Bio: Ryan Inman, When my wife was in residency, I witnessed how vulnerable she was to poor financial advice. I was shocked at how many advisors tried to take advantage of her and her peers.It’s the reason I started my fee-only practice, Physician Wealth Services, to work exclusively with physicians who could truly benefit from unbiased, quality financial advice.  I help physicians create a life they love using the resources they have. To help them feel in control of their money, the same way that you make a patient feel better about their health. Also, I host the Financial Residency podcast, a free resource to help increase your financial literacy.

Highlights from this episode: 
  • Your financial planner may be a salesperson and not on your financial side.
  • Why I refused to be a financial adviser.
  • The importance of disability insurance.
  • The issues in the financial industry around compensation.
  • Why a life plan is the cornerstone to your success.
  • Personal finance is personal!
  • What do you plan on using your money for?
  • Even if you want to work your whole like you still need to focus on building wealth.
  • The 4% retirement rule.
  • The math behind spending and how much you need to retire.
  • Review your spending to see what’s important to you.
  • The future of college is changing.
  • Ryan’s advice for various financial resources.
  • Cash Flow Statement video https://youtu.be/iq0KzOoJI9s
  • Balance Sheet Video https://youtu.be/I9FBjybiIvM
  • Good debt versus bad debt.
  • Why your house may not be an investment.
  • The college cost decision. https://score.nitrocollege.com/
  • Learn the basics of investing. Ask why?

 

https://physicianwealthservices.com/

https://financialresidency.com/

Richer Soul Life Beyond Money. You got rich, now what? Let’s talk about your journey to more a purposeful, intentional, amazing life. Where are you going to go and how are you going to get there? Let’s figure that out together. At the core is the financial well being to be able to do what you want, when you want, how you want. It’s about personal freedom!

Thanks for listening!

If you like the show please leave a review on iTunes: http://bit.do/richersoul

https://www.facebook.com/richersoul

https://richersoul.com/

rocky@richersoul.com

Any financial advice is for educational purposes only and you should consult with an expert for your specific needs.

Check out this episode!

You May Also Like…

1 Comment

  1. Susan Hodgkins

    Ryan Inman is great for holding a straight line, not consulting everyone but physicians. He understands deeper their business and needs and therefore gives better advice.

    Reply

Submit a Comment

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.