DAY 1 / Cleaning Up Money Mistakes To Start with a Clean Slate
Imagine you're stepping into the operating room, but instead of a scalpel you're wielding a financial scalpel, ready to remove the dead weight from your portfolio. This is the first step in any advanced strategy: clean up the mess. Nate Crannell and Mike Neubauer are your guides, revealing the five common financial pitfalls that even the sharpest physicians can stumble into. The first step of the path to true wealth creation is to purge the mistakes that have been holding you back, and to prepare for the advanced strategies that lie ahead. Remember, before you can scale, you must stabilize. Let’s get that foundation rock solid.
DAY 1 / INSTRUCTIONS & RESOURCES
Step #1 / Watch the Day 1 Video
Start by watching today’s video, where Mike Neubauer and Nate Crannell dive into the five financial pitfalls that many physicians encounter throughout their careers. Whether you're transitioning from residency to attending or nearing the end of your career, this video is essential. It lays a solid foundation by identifying common mistakes so you can avoid them and, if necessary, correct any that you may have already made.
Step #2 / Reflect and Analyze
After watching, take some time to reflect on how these pitfalls apply to your own financial situation. You can do this with or without a notebook, but some find it more helpful to be able to refer back to their notes in the future.
What you should take away from this video:
• Insight into Common Pitfalls: A clearer understanding of the financial mistakes that many physicians make at various stages of their careers.
• Assessment of Your Own Path: Recognition of whether these pitfalls have influenced your financial decisions.
Questions to Ponder:
• Have you encountered any of the obstacles discussed in the video?
• If so, what steps can you take to overcome them?
• How can your wealth plan evolve to ensure these pitfalls don’t hinder your financial progress moving forward?
Step #3 / Make Your Day 1 Post
Share either a question you have after watching the video OR share your biggest takeaway from today’s content in our private LinkedIn or Facebook group. Also, please make sure to introduce yourself if you haven’t already!
Not a member of the group yet? These communities are here to support you and connect you with Mike, Nate, and other physicians who are equally committed to improving their financial health. Just click one of the buttons above to request access.
What’s Coming Tomorrow?
Finished with steps 1-3? Congratulations on completing Day 1! You’ve taken an important step toward mastering your financial future by making a clean slate. Tomorrow, we’ll begin assembling the correct pieces of the financial puzzle, starting with a discussion on the rich vs. wealthy mindset. Look out for your Day 2 email tomorrow to unlock the next day’s content, and let’s continue building on the solid foundation you’ve gotten started on today.
DAY 1 / Clean Up Money Mistakes
DAY 2 / Wealthy Decision-Making
DAY 3 / The 1st Rule of Money
DAY 4 / Trusts & Estate Planning
DAY 5 / Moving from Basic to Advanced
Challenge Wrap-Up
1:1 Second Opinion Call