Welcome back to the second issue of Fiscal Therapy, your go-to source for tailored financial wisdom for healthcare professionals. Each month, we aim to equip you with actionable insights, proven strategies, and relatable stories that help you achieve financial wellness in your professional and personal lives.

Letter from the Co-Founder

As we navigate through the unpredictable waters of 2023, the financial landscape continues to evolve, teaching us invaluable lessons along the way. Recent events, such as Congressional actions and stock market fluctuations, serve as poignant reminders of the necessity of a well-thought-out financial plan. During times of uncertainty, it's easy to react emotionally, which could lead to life-altering financial mistakes—like selling off retirement assets at the wrong time.

This month, we turn our attention to the commendable efforts aimed at recognizing Latino and Latina physicians. Although there is currently no official day to honor them, a meaningful grassroots movement has been gaining momentum. It aims to designate October 1st as National Latino and Latina Physician Day.

The underrepresentation of Latinos in medicine is not just a statistic; it has real-world implications for healthcare outcomes in diverse communities. At Andwise, we stand firmly committed to leveling the playing field by providing essential financial tools irrespective of background.

What's New at Andwise:

1. The Andwise Personal Finance Fellowship Program is now welcoming applications, offering a unique educational opportunity for medical students across 10 states.

2. Our bi-weekly Community Hours continue to be a platform for learning and dialogue; we’ve now held 3 and we’re getting better with each one 💪 

3. We're excitedly developing a new website to offer you an enhanced digital experience and showcase more features of our forthcoming mobile app.

We’ve been excited to hear positive feedback from physicians who have joined our Director of Financial Education and Empowerment, Tanya, for an introductory consultation. Whether you’re an Internal Medicine physician with an early-stage digital health startup, a CMO with an MBA, or a 4th year medical student getting ahead of the curve, meeting with Tanya is a great way to start your journey, and it’s completely free ✨ 

In solidarity and with a commitment to financial empowerment for all,

New Andwise Member Resources

What We’re Reading 📚️ 

1. She tried a cash-only budget for a week. Here’s how quickly she saw $150 disappear by Mariya Postelnyak, The Globe and Mail: High income doesn't always mean high financial security. Discover how to manage your earnings effectively to secure your future.

2. Getting The 'Why' When Making A Private Investment by Bruce Roberts, Forbes: Understand the importance of asking 'why' when considering any investment opportunity.

3. Taking The Stress Out Of Financial Planning by Tim Maurer, Forbes: Financial planning doesn't have to be stressful. Here are some practical tips to navigate it.

4. Student Loan Bills Are Higher Than Mortgage Payments for Some Borrowers by Claire Ballentine, Bloomberg: Discover why some people are paying more towards student loans than their mortgages, and understand the macroeconomic implications.

Upcoming Andwise Events

💻️ 10/10 at 7pm ET: Community Hour (Guest and Topic TBD)

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

💻️ 10/24: Community Hour (Guest and Topic TBD)

@andwise

Join our community hour 7pm ET every second Tuesday. Ask questions of our Educational Director Tanya Frias CFP, interact with our medical ... See more

We're committed to delivering content that addresses your unique financial challenges. Your feedback is invaluable; don't hesitate to let us know what you'd like to see in future editions. Here's to building a financially secure future together.

Warm regards,

Varun Verma, MD & The Andwise Team