Andwise Community Hour

Andwise Community Hour

Thursday, August 24, 2023

Andwise Community Hour

While physicians selflessly dedicate themselves to the well-being of others, their own financial health often takes a backseat. Andwise exists with a mission to empower medical students, residents and early career physicians to take charge of their financial futures. By prioritizing financial wellness, we at Andwise believe that physicians can achieve a harmonious balance between their professional commitments and personal aspirations. Armed with the right tools, knowledge, and support, every physician can navigate the financial seas with confidence and assurance.

Introducing Andwise Community Hour where Andwise members have the opportunity to learn from and ask questions of financial professionals, lawyers, accountants and esteemed members of our medical advisory board.

Session 1: Creating Your Own Written Financial Plan

Tuesday 8/29/23 7pm-8pm ET

Join us for an empowering session aimed at helping our members create their own written financial plan amidst their demanding professional commitments. If you haven't written down your 'why,' created goals or charted out your financial journey - you won't know where you're going or know when you've arrived there (eg. how much is enough).

Session 2: Working With A Financial Planner

Tuesday 9/12/2023 7pm-8pm ET

Join us as we discuss what it's like to work with a financial planner, expectations and the different fee structures you may encounter. e.g. Assets under management (AUM) fees (typically between 0.5% and 2%, one time flat fees, hourly fees, and a monthly/quarterly subscription model.

We will also go tips for working with a financial planner:

  • Be prepared to provide your planner with detailed information about your financial situation.

  • Be clear about your goals and expectations.

  • Ask questions and get clarification on anything you don't understand.

  • Be open to feedback and suggestions from your planner.

  • Be patient and persistent. It takes time to build a successful financial plan.

Session 3: The Financial Journey of One Physician

Tuesday 9/26/2023 7pm-8pm ET

Objective of the webinar: Share insights from Dr Verma's career as a hospitalist and the accompanying financial journey. Going from medical student with $165K debt, to residency in a high cost of living area (NYC) and finally to attending physician working across the US as a hospitalist. He will discuss lessons learned and financial mistakes made along the way.

Session 4: Disability Insurance

Disability Insurance 101 by Stephanie Pearson, MD, FACOG
Dr. Pearson's life took an unexpected turn when she suffered a workplace injury that left her disabled during the prime of her medical career. Instead of allowing this setback to define her, she turned it into a mission. Dr. Pearson is dedicated to educating her fellow physicians about the paramount importance of safeguarding their most precious asset—the ability to earn income—and ensuring the security of their families.

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