The Grow Your Wealthy Mindset Podcast

Epizode

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  Episode 213: Opting Out of the Default Wills, Prenups, and Taking Control 22.07.2026 9min

  Talking about death and divorce is never romantic, but staying silent means letting the government make your most personal decisions for you. In this episode, we break down a surprising truth: Everyone already has a default prenup and a default will. If you don’t write your own, your state’s laws will step in to dictate how your assets are handled during a divorce or after your death. We explore why these topics make us so uncomfortable, how to overcome the anxiety, and why prenups are actual...
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  Replay Episode 31: Growth vs Fixed Mindset 15.07.2026 11min

  Replay Episode 31: Growing a Wealthy Mindset Financial literacy is an important part of building wealth—but knowledge alone isn't enough. A truly wealthy mindset starts with believing that you can learn, grow, and develop new skills throughout your life. In this replay episode, we explore the powerful concept of the growth mindset and how the way you think about your abilities can impact your financial success, career growth, and overall fulfillment. In This Episode, You'll Learn: The ...
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  Episode 212: Social Secuirty Strategies for Married Couples 08.07.2026 15min

  Welcome back to part two of our deep dive into Social Security! In episode 209, we covered the foundational basics of how the system works for individuals. Today, we are shifting the focus to couples. Coordinating your Social Security strategy as a married couple is one of the most powerful ways to secure your joint retirement, yet it is frequently misunderstood. In this episode, we break down exactly how spousal and survivor benefits work, why the "higher earner" holds the key to long-term s...
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  Replay Episode 33: Traditional Mutual Funds vs. Exchange Traded Funds 01.07.2026 12min

  In this replay episode, we're revisiting one of the most common investing questions: Should you invest in exchange-traded funds (ETFs) or mutual funds? Both ETFs and mutual funds can be excellent investment vehicles, especially when you're investing in low-cost index funds. In this episode, I break down the key similarities and differences between the two, including: How ETFs and mutual funds provide diversificationDifferences in trading and pricingMinimum investment requirementsAutomatic inv...
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  Episode 211: Feeling Like You "Made It" Financially 24.06.2026 20min

  When do you shift from simply "doing fine" to truly feeling like you are reaping the financial rewards of your career? Inspired by a post from a physician with $370,000 household income, yet still feeling like they are constantly chasing, this episode dives deep into the psychology of wealth. We explore why high incomes don't automatically translate to financial security, what different milestones (like paying off debt or hitting $1M) mean to different people, and how cognitive behavioral con...
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  Replay Episode 49: Mindset with Dr. Karen Leitner 17.06.2026 54min

  Over the last 4 years, there have been several guests on the podcast. The guest who had the most downloads is Dr. Karen Leitner. Listen in on a conversation that Karen Leitner and I had on what mindset really means and how it influences our lives. It’s a candid conversation between two coaches with a focus on money mindset and topics like negotiation, the gender wage gap, and reframing failure. Dr. Karen Leitner is a primary care physician and an experienced life coach. She helps ...
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  Episode 210: Four Years Later: Navigating Pivots, passions and the Pursuit of an Ideal Life 10.06.2026 16min

  Following last week’s look back at where it all began, I’m fast-forwarding through the last four years to share what has changed, what has stayed the same, and what it really looks like to pursue an "ideal life." From the highs of checking off bucket-list travels to the unexpected pivots of the medical job market, this episode is an honest reflection on career resilience, lifestyle design, and human connection. Resources Mentioned: Book: How Not to Die by Dr. Michael Greger 🎙️ I Ne...
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  Replay Episode 1: Grow Your Wealthy Mindset 03.06.2026 17min

  The Grow Your Wealthy Mindset Podcast published an original weekly episode for the last four years. For the first episode of the 5th year of The Grow Your Wealthy Mindset Podcast, we return back to the very first episode, where Elisa Chiang talks about her journey that lead her to creating this podcast and why someone would want to take the time to listen to The Grow Your Weathy Mindset Podcast. Enjoy this blast from the past. Please subscribe and leave a review on your favorite P...
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  Episode 209: When to Start Taking Social Security Benefits 28.05.2026 12min

  This episode dive into the complex world of Social Security through the lens of a high-earning professional. We move past the "standard" advice of waiting until age 70 to explore the Real Math, including the impact of current 2.7% TIPS real yields and the looming 2032 Trust Fund cliff. If you are in deciding on a claim strategy, this episode provides a framework for political risk management and tax-efficient retirement. SSA.gov: Log onto or create your "My Social Security" account to vi...
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  Episode 208: Why "Good Enough" Investing Beats a "Perfect" Strategy Every Time 20.05.2026 10min

  In the medical world, perfectionism saves lives. In the financial world, it can cost you a fortune. In this episode, we dive into the "A+ Student Syndrome" and why the traits that make you a world-class physician—attention to detail, risk aversion, and a desire for complexity—are the exact traits that lead to "Analysis Paralysis" in your portfolio. This episode breaks down why searching for the "perfect" entry point or the "perfect" fund is often just a high-level form of procrastination. Lea...
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  Episode 207: The W-2 Physician’s Tax Reality 13.05.2026 10min

  In this episode, we pull back the curtain on the U.S. tax system to explore how it specifically impacts high-earning professionals. Inspired by a recent Freakonomics episode and the research of Jessica Riedl (Brookings Institute), we dive into the data-driven reality of tax progressivity, the "Buffett Myth," and why being in the Top 5% of earners changes the way you should approach your retirement strategy. Whether you're a W-2 employee or looking to transition into asset ownership, this epis...
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  Episode 206: Inside Medscape's Physician Compensation Report 2026 06.05.2026 15min

  This week's episode reviews the findings published in Medscape's Physician Compensation Report for 2026. Key Points The Numbers: The average physician salary rose to $356K (+3%), with Specialists ($417K) continuing to outearn PCPs ($298K).Top Earners: Orthopedics leads the field at $611K, followed by Cardiology ($575K) and Radiology ($571K); Pediatrics remains at the bottom ($266K).The Negotiation Freeze: 27% of physicians reported negotiation wasn't an option, as some consultants now a...
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  Episode 205: The Annual Financial Deep Clean: A 5-Point Financial Audit 29.04.2026 10min

  Just as an annual physical catches "silent killers" like hypertension, a financial deep clean identifies "Efficiency Leaks" before they cost you hundreds of thousands in lost growth. This episode provides a 5-point audit to ensure your money and mindset are perfectly aligned while you focus on your practice. The 5-Point Financial Audit: 1. Financial Goals Review: Move beyond vague ideas. Are your goals SMART (Specific, Measurable, Achievable, Relevant, and Time-bound)? Don’t forget to celebra...
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  Episode 204: Don’t Overthink This: How to Choose Your Brokerage Account 22.04.2026 10min

  If you’ve ever asked yourself, “Where should I open a brokerage account?”you’re not alone. This is a common question I see in personal finance groups, and it can feel overwhelming when you’re trying to make the “right” choice. In this episode, I break down how to choose a brokerage account for investing outside of retirement accounts, or where to open an IRA, without overcomplicating the decision. We’ll walk through the key differences between Vanguard, Fidelity, and Charles Schwab, including...
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  Episode 203: Charitable Giving Tax Changes in 2026 Explained 15.04.2026 11min

  Starting in 2026, new rules will change how charitable tax deductions work. In this episode, we break down key provisions from the One Big Beautiful Bill Act and what they mean for your charitable giving strategy. You’ll learn how the new $1,000 deduction for standard deduction filers ($2,000 for married couples) works, why itemized charitable deductions now have a 0.5% AGI floor, and how a new cap on itemized deductions may affect high-income taxpayers. We also discuss strategies like bunchi...
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  Episode 202: Will Your Retirement Go As Planned? 08.04.2026 13min

  This podcast episode discusses a blog article from the White Coat Investor website written by Dr. Jim Dali, titled "Will Your Retirement Go As Planned.” The article highlighted unexpected challenges faced by retirees, such as early retirement due to job loss, health issues, and the death of a spouse. Elisa shared insights from the article, emphasizing the importance of considering life expectancy and health risks in retirement planning. The article referenced in the podcast can be found...
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  Episode 201: Taking Money Out of Retirement Accounts Early Without the 10% Penalty 01.04.2026 17min

  Can you take money out of a retirement account early without paying penalties? Many people assume retirement accounts are locked until age 59½, which leads them to avoid maxing out contributions—especially if they’re planning early retirement. In this episode, we explain when early withdrawals from retirement accounts don’t trigger the 10% penalty, including common IRS exceptions and strategies like Substantially Equal Periodic Payments (72(t)). You’ll learn the key differences between IRAs a...
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  Episode 200: Being Rich vs. Being Wealthy 25.03.2026 12min

  In this milestone 200th episode of The Grow Your Wealthy Mindset Podcast, we explore the difference between being rich and being wealthy and why the distinction matters more than most people realize. While being rich is often visible through income and lifestyle, true wealth is usually invisible. Drawing from real-life examples and insights from The Psychology of Money by Morgan Housel, this episode breaks down how spending can create the appearance of success while quietly increasing financi...
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  Episode 199: Common Backdoor Roth IRA Mistakes and How to Avoid Them 18.03.2026 16min

  High-income professionals often find themselves locked out of direct Roth IRA contributions. The "Backdoor Roth" is the gold-standard workaround, but it is a strategy where small administrative errors can lead to big tax bills. In this episode, we break down the mechanics of the Pro-Rata Rule, why your Form 8606 is the most important document in your tax return, and the specific steps physicians must take to keep their backdoor strategy "clean." Key Takeaways Pre-Tax vs. Post-Tax: Unde...
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  Episode 198: Trump Accounts Explained: What Parents Need to Know 11.03.2026 13min

  If you have children, you may have seen a prompt in TurboTax or other tax software about opening a Trump Account. But what exactly is a Trump Account, and is it right for your family? In this episode, we break down everything you need to know: Who is eligible and how to open a Trump AccountContribution limits, employer contributions, and federal seed moneyHow the accounts are invested and what restrictions applyImpact on financial aid and long-term planningReal-world examples and growth...