Welcome to Doctors in Finance, a podcast dedicated to helping international medical and dental graduates take control of their money from day one. Hosted by Upasana and Ranjan, we share the financial lessons we learned the hard way, so you don’t have to.😊
Our goal is to make finance jargon easy to understand, practical, and relatable, so you can build a secure financial future while pursuing your career!
Summary
In this episode, we discuss the pitfalls of bank pre-approval for mortgages, emphasizing that just because a bank approves a loan amount, it doesn't mean the borrower can afford it. We explore the do's and don'ts of using doctor mortgages, and share personal experiences regarding their own mortgage decisions. We hope you guys can make informed financial choices to avoid becoming 'house poor' and to prioritize long-term financial goals.
Keywords
bank pre-approval, mortgage affordability, doctor mortgages, financial advice, wealth building, home buying, financial independence, budgeting, financial planning, house poor, docs in finance, doctors in finance
Chapters
00:00 Understanding Bank Pre-Approval and Affordability
02:21 The Two Times Income Rule for Mortgages
04:15 Pros and Cons of Doctor Mortgages
05:55 Personal Experiences with Home Buying
11 Nov 2025
Episode 10: Mindset matters, why renting is not wasted money!
In this episode, we discuss the pros and cons of renting versus buying a house as a trainee. Although peer pressure may make you believe that you are wasting money by renting, we argue that this is not the case. We explore the hidden costs of home ownership, the pros and cons of renting, and reflect on our own experiences with renting during our training.
Chapters
00:00 Understanding Rent vs. Home Ownership
02:31 The True Costs of Home Ownership
05:22 Pros and Cons of Renting
06:14 Reflections on Renting vs. Buying
Keywords
rent, home ownership, financial advice, equity, mortgage, property taxes, flexibility, housing costs, financial planning, international medical graduates, Docs in Finance, DOFI, Doctors in Finance
3 Nov 2025
Episode 9: To buy or not to buy: real estate mistake to avoid as a trainee
Thinking of buying a house on a resident's salary? It’s a huge step, but the path is full of traps most first-time buyers don't see. In this episode, we share our personal story of navigating the process and reveal the costly mistake we narrowly avoided. Learn how to protect your finances and make a smart investment for your future.
Keywords:
House buying, renting, realtors, closing costs, finance, docs in finance, DOFI, International medical graduates, financial literacy, IMGs, IDGs
26 Oct 2025
Episode 8: How a practice avoided paying bonus to Dr Ivanova!
In this episode of the Docs in Finance podcast, we discuss the pitfalls of not getting your RVUs and bonuses structure in writing. If it is not in writing, it does not exist! Learn from Dr Ivanova's mistakes...
Keywords:
contract negotiations, bonus, RVUs, collections, productions, compensation, doctors in finance, docs in finance, DOFI, International medical graduates, financial literacy, IMGs, IDGs
19 Oct 2025
Episode 7: Negotiating beyond salary
In this episode of the Docs in Finance podcast, we discuss the "add-ons" you should try to negotiate when taking a job. Don't ignore things such as CME funds, admin time, clinic support, etc., that you should get in writing on your contract. Listen for more.
Keywords:
contract negotiations, CME funds, vacation, BATNA, compensation, doctors in finance, docs in finance, DOFI, International medical graduates, financial literacy, IMGs, IDGs
12 Oct 2025
Episode 6: Red Flags in Contract Negotiations
In this episode of the Doctors in Finance podcast, we discuss the mistakes you should avoid during contract negotiations. We explore issues around contract review, non-competes, and unclear compensation structures, among others. We will explore these in more detail in future episodes.
Keywordscontract negotiations, non-compete clause, compensation, doctors in finance, DOFI, International medical graduates, financial literacy, IMGs, IDGs
5 Oct 2025
Episode 5: How to choose a financial advisor?
In this episode of the Doctors in Finance podcast, Ranjan and Upasana discuss the financial pitfalls that new medical and dental graduates often face, particularly when it comes to choosing financial advisors. They explore the different compensation structures of financial advisors, the importance of selecting fee-only advisors, and how to identify salespeople disguised as advisors. Through a case study of a new dental resident, they highlight the risks of accepting free financial advice and the potential scams that can arise from commission-based advisors.
Chapters
00:00 Introduction to Financial Lessons for Doctors
00:29 Understanding Financial Advisors and Their Compensation
02:44 Choosing the Right Financial Advisor
04:12 Identifying Salespeople Disguised as Advisors
Keywords
financial advice, doctors in finance, financial advisors, investment strategies, commission-based advisors, fee-only advisors, financial scams, retirement planning, medical graduates, financial literacy
28 Sept 2025
Episode 4: The Cost of Luxury: Dr. Chen's Car Dilemma
In this episode of the Doctors in Finance podcast, Ranjan and Upasana discuss the financial pitfalls faced by medical residents, using the case of Dr. Chen, who makes a costly decision to finance a luxury car. The conversation offers practical advice on how to avoid peer pressure and the benefits of paying cash for car purchases to build a stronger financial future.
Chapters
00:00 Introduction to Financial Lessons for Medical Graduates
02:43 Smart Car Buying Strategies for Residents
05:58 Avoiding Financial Pitfalls in Car Purchases
Keywords
financial lessons, international medical graduates, car buying, auto loans, budgeting, financial planning, residency, wealth building, financial mistakes, personal finance
21 Sept 2025
Episode 3: Pregnancy and Disability Insurance
In this episode of the Doctors in Finance podcast, Ranjan and Upasana discuss the critical importance of obtaining disability insurance before pregnancy. They explore the risks associated with delaying insurance coverage and provide practical advice on navigating the complexities of disability insurance policies. The conversation emphasizes the need for early action and awareness of maternity leave provisions in relation to disability insurance.
Chapters
00:00 Introduction to Financial Lessons for Medical Graduates
00:29 The Importance of Disability Insurance Before Pregnancy
03:09 Do's and Don'ts of Disability Insurance for Female Physicians
04:24 Understanding Disability Insurance and Maternity Leave
Keywords
disability insurance, financial lessons, medical graduates, pregnancy, insurance policy, financial future, female physicians, maternity leave, unisex policies, residency
14 Sept 2025
Episode 2: Disability Insurance Riders
In this episode of the Doctors in Finance podcast, we discuss the importance of understanding disability insurance Riders. We emphasize the significance of riders in disability insurance, particularly the future purchase option, partial disability, and cost-of-living adjustment. We also provide practical advice on managing insurance needs as one’s career progresses, highlighting common mistakes and essential strategies for financial planning.
14 Sept 2025
Episode 1: Pilot
In our launch episode, we dive into the essentials of purchasing disability insurance through a real-life case study. We break down the common pitfalls and practical steps to help you make informed decisions.
Join us as we kick off the journey to building financial confidence for international medical and dental graduates.
Reach and audience
Public platform figures. Ratings count people who left a rating, not total listeners.
Apple Podcasts (US)
5.0 / 5
5 ratings
Contact Docs In Finance
Guest appearances
Does not typically book guests
Based on episode analysis; this does not confirm that the show is currently accepting guests.
Host of Docs In Finance?
Claim your podcast to manage its listing and keep your show details accurate.
Pod Engine is an independent podcast discovery and analytics service and is not affiliated with or endorsed by this podcast. Artwork and show content belong to their owners. Full legal notice.
Explore this show Podcast research with Pod Engine
