TRANSCRIPT
00:00:00 Nate Crannell and Mike Neubauer discuss the upcoming Physicians Financial Summit 2024, which will take place on March 9th and 10th near O'Hare Airport in Chicago. The hosts believe that attending an in-person event is a more effective way to learn complex financial information than watching videos or learning online. They emphasize the importance of taking actionable steps to implement the knowledge gained at the event in one's life. The Physicians Financial Summit aims to simplify complex financial concepts for physicians and provide them with the tools to apply the knowledge in their lives. An example given is the comparison of a physician explaining a complex medical diagnosis to a patient versus the rest of the world understanding it as a simpler diagnosis. Similarly, the financial world is complex to most people, but the hosts aim to simplify it and provide actionable steps to help physicians reduce taxes, create passive income, and protect their assets.
00:05:00 The speakers discuss the importance of simplifying financial complexities for doctors, who are often overwhelmed by their busy schedules and complex medical knowledge. The Physicians Financial Summit aims to break down complicated financial concepts into understandable terms, just as doctors simplify medical diagnoses and treatments for their patients. The speakers emphasize that doctors, despite making good salaries, often lack the financial knowledge to turn their income into true wealth due to high taxes and complex financial planning needs. They aim to bridge the gap between medical and financial expertise, helping doctors make informed financial decisions and create wealth for themselves and future generations.
00:10:00 In this section of the podcast, the hosts discuss the benefits of attending the event for physicians, specifically those on the W2 or 1099 paths. They explain that the summit will provide separate strategies for each path and offer case studies to help physicians understand what they need to do based on their current situation. The hosts also mention that they will have speakers covering various topics related to finance, such as estate planning, disability insurance, and privatized banking, to help fill any gaps in physicians' financial plans. It is important to note that the hosts are not financial advisers and their goal is not to manage money, but rather to share knowledge and strategies to make a meaningful impact.
00:15:00 The hosts discuss the upcoming Physicians Financial Summit 2024, emphasizing the importance of gaining knowledge about financial blind spots and the benefits of attending the event. They explain that attendees will learn about tax implications, wealth building, and specific needs for physicians. The speakers will cover topics that the hosts are not professionals in, and the event will offer a workshop-style format, allowing attendees to implement the information in their personal lives. The hosts are confident that the event will be life-changing and have arranged for follow-up Zoom calls to help attendees take the next steps and clarify any questions they may have after the event. The Physicians Financial Summit 2024 will take place on March 9th and 10th at the Crown Plaza Hotel near O'Hare Airport in Chicago, Illinois.