Financial empowerment with Dr. Latifat Akintade

1 00:00:00,000 --> 00:00:05,860 Welcome to the Clinician Researcher podcast, where academic clinicians learn the skills 2 00:00:05,860 --> 00:00:11,260 to build their own research program, whether or not they have a mentor. 3 00:00:11,260 --> 00:00:17,340 As clinicians, we spend a decade or more as trainees learning to take care of patients. 4 00:00:17,340 --> 00:00:22,380 When we finally start our careers, we want to build research programs, but then we find 5 00:00:22,380 --> 00:00:27,780 that our years of clinical training did not adequately prepare us to lead our research 6 00:00:27,780 --> 00:00:29,200 program. 7 00:00:29,200 --> 00:00:35,480 Through no fault of our own, we struggle to find mentors, and when we can't, we quit. 8 00:00:35,480 --> 00:00:40,580 However, clinicians hold the keys to the greatest research breakthroughs. 9 00:00:40,580 --> 00:00:46,200 For this reason, the Clinician Researcher podcast exists to give academic clinicians 10 00:00:46,200 --> 00:00:51,800 the tools to build their own research program, whether or not they have a mentor. 11 00:00:51,800 --> 00:01:01,660 Now introducing your host, Toyosi Onwuemene. 12 00:01:01,660 --> 00:01:05,140 Welcome to today's episode of the Clinician Researcher podcast. 13 00:01:05,140 --> 00:01:09,980 I'm your host Toyosi Onwuemene, and I'm super excited to be bringing you today's guest, 14 00:01:09,980 --> 00:01:12,500 Dr. Latifat Akintade. 15 00:01:12,500 --> 00:01:14,860 I messed up your name. 16 00:01:14,860 --> 00:01:18,260 Dr. Latifat, welcome to the show. 17 00:01:18,260 --> 00:01:20,100 Thank you very much for having me here. 18 00:01:20,100 --> 00:01:24,260 It's a pleasure to come hang out with you, spend time with you, and hopefully add some 19 00:01:24,260 --> 00:01:25,660 value to your audience. 20 00:01:25,660 --> 00:01:30,100 No, I'm super excited because as you know, this is a Clinician Researcher podcast, so 21 00:01:30,100 --> 00:01:33,980 lots of academic clinicians listen here. 22 00:01:33,980 --> 00:01:39,580 And I guess the question I would ask myself is, what is a financial guru doing on the 23 00:01:39,580 --> 00:01:40,580 show? 24 00:01:40,580 --> 00:01:44,460 Well, I want to introduce you because you're super cool. 25 00:01:44,460 --> 00:01:48,300 And I want to say that Dr. Latifat, to everyone who's listening, literally just came back 26 00:01:48,300 --> 00:01:53,980 from a year gallivanting around the globe, and she's able to do that because she's financially 27 00:01:53,980 --> 00:01:54,980 independent. 28 00:01:54,980 --> 00:02:00,220 And so I want to just pause and let her introduce herself and tell us how she was able to do 29 00:02:00,220 --> 00:02:01,220 that. 30 00:02:01,220 --> 00:02:02,220 Absolutely. 31 00:02:02,220 --> 00:02:08,660 I mean, I love that you know that I love that you talk to clinicians and researchers, 32 00:02:08,660 --> 00:02:09,660 especially. 33 00:02:09,660 --> 00:02:14,180 And the reason why I love that is because I think that their work is so important. 34 00:02:14,180 --> 00:02:18,580 And so first of all, in case people that are listening don't get to the end of the episode, 35 00:02:18,580 --> 00:02:20,140 thank you for what you do. 36 00:02:20,140 --> 00:02:21,860 So like you mentioned, I'm Dr. Latifat. 37 00:02:21,860 --> 00:02:22,860 I'm a physician. 38 00:02:22,860 --> 00:02:26,780 I'm a gastroenterologist and also a mama of three little ladies. 39 00:02:26,780 --> 00:02:27,780 We're based in California. 40 00:02:27,780 --> 00:02:28,780 I am married. 41 00:02:28,780 --> 00:02:31,280 We've been married for about 12 years now. 42 00:02:31,280 --> 00:02:37,060 And I have the honor and pleasure of being the founder of Money Feed MD, which is a platform 43 00:02:37,060 --> 00:02:42,860 that's 100% committed to helping physicians learn money, know money, grow money, and really 44 00:02:42,860 --> 00:02:44,940 live their life on their terms. 45 00:02:44,940 --> 00:02:50,340 So when we're talking about clinical researchers, we definitely want our people to be able to 46 00:02:50,340 --> 00:02:53,320 practice on their terms because your work is so important. 47 00:02:53,320 --> 00:02:55,340 When you burn out, it's not good for us. 48 00:02:55,340 --> 00:02:57,100 It's not good for the world. 49 00:02:57,100 --> 00:02:58,700 But my journey didn't start here. 50 00:02:58,700 --> 00:03:04,540 My journey started about, I mean, you could say my journey started about when I was born, 51 00:03:04,540 --> 00:03:07,460 but I moved to the United States in 2022. 52 00:03:07,460 --> 00:03:08,460 Grew up in Nigeria. 53 00:03:08,460 --> 00:03:11,860 I knew zero about money, like absolute zero. 54 00:03:11,860 --> 00:03:16,460 The only thing, the only financial education that I got when it came to money was there 55 00:03:16,460 --> 00:03:18,720 is this amazing thing called a credit card. 56 00:03:18,720 --> 00:03:22,620 You can use it whenever you want and you don't even have to pay it up. 57 00:03:22,620 --> 00:03:25,740 Just pay whatever, like the minimum payment and you can buy anything. 58 00:03:25,740 --> 00:03:29,260 Like that was literally all of my financial education. 59 00:03:29,260 --> 00:03:32,860 And so, you know, I went through life with undergrad, with med school. 60 00:03:32,860 --> 00:03:39,140 I did undergrad in LA, med school in San Francisco, New York for residency, and then back to California 61 00:03:39,140 --> 00:03:40,920 for fellowship Sacramento. 62 00:03:40,920 --> 00:03:43,020 And I've stayed on in Sacramento since then. 63 00:03:43,020 --> 00:03:48,020 We had our first kid in my third year of residency. 64 00:03:48,020 --> 00:03:51,300 And so by the time I was a fellow, I had my second kid. 65 00:03:51,300 --> 00:03:56,540 And what all that migration means was that I had a bunch of debt, that I was moving around 66 00:03:56,540 --> 00:04:01,740 with student loans and, you know, I really wasn't splurging or leaving it up or whatever 67 00:04:01,740 --> 00:04:02,740 like that. 68 00:04:02,740 --> 00:04:07,540 But I also had family responsibilities even before I had kids or got married. 69 00:04:07,540 --> 00:04:15,460 And so here I was living my dream of almost becoming an attending physician, a gastroenterologist 70 00:04:15,460 --> 00:04:18,220 who I can finally do the work of my life. 71 00:04:18,220 --> 00:04:24,380 And I looked around, I looked at my attendings and I'm so, so glad that I saw that there 72 00:04:24,380 --> 00:04:26,260 was burnout. 73 00:04:26,260 --> 00:04:32,100 I saw that attendees that were incredibly smart people that loved humans, shoulders 74 00:04:32,100 --> 00:04:36,900 were slumped, not advocating for us like they could have advocated for us. 75 00:04:36,900 --> 00:04:38,500 And it just felt like they had no choice. 76 00:04:38,500 --> 00:04:42,780 And this were not just clinicians only, but this were also researchers as well. 77 00:04:42,780 --> 00:04:47,620 And we know the reputation of researchers being underpaid even more than clinicians 78 00:04:47,620 --> 00:04:48,900 in medicine. 79 00:04:48,900 --> 00:04:53,420 And especially being a procedural field, you end up having a higher likelihood of being 80 00:04:53,420 --> 00:04:54,820 underpaid. 81 00:04:54,820 --> 00:04:59,900 So I can now even imagine me going as a clinician, but I can also imagine me if I was doing a 82 00:04:59,900 --> 00:05:04,580 research oriented career, how I would literally feel like what the heck is going on? 83 00:05:04,580 --> 00:05:06,100 How am I supposed to survive? 84 00:05:06,100 --> 00:05:11,460 How am I supposed to really leave this dream like this pinnacle that I now finally achieved 85 00:05:11,460 --> 00:05:13,460 of becoming an attending physician? 86 00:05:13,460 --> 00:05:17,020 How does this not become the biggest regret of my life? 87 00:05:17,020 --> 00:05:21,540 That was the question that I had that literally led me down the path of learning money for 88 00:05:21,540 --> 00:05:24,500 myself and eventually now let some money fit MD. 89 00:05:24,500 --> 00:05:29,380 I'm sure we'll talk more about that and the travel sabbatical that my family and I took, 90 00:05:29,380 --> 00:05:33,260 which was incredible and I highly recommend it at home. 91 00:05:33,260 --> 00:05:36,060 Oh, thank you. 92 00:05:36,060 --> 00:05:39,900 So Dr. Latifat, many of us going to academics because we just don't want to worry about 93 00:05:39,900 --> 00:05:40,900 money. 94 00:05:40,900 --> 00:05:42,620 We don't want to care about the business side of money. 95 00:05:42,620 --> 00:05:45,100 And yeah, we know we're a little bit underpaid. 96 00:05:45,100 --> 00:05:46,100 Actually, we don't know. 97 00:05:46,100 --> 00:05:50,380 When we go to for the job negotiation, it's like, holy cow, it's this low. 98 00:05:50,380 --> 00:05:58,360 But to some extent, we're feeling like we're choosing between having the job that we really 99 00:05:58,360 --> 00:06:02,500 are dreaming of as an academic versus having enough money. 100 00:06:02,500 --> 00:06:04,380 How do we balance that? 101 00:06:04,380 --> 00:06:05,380 Absolutely. 102 00:06:05,380 --> 00:06:08,260 I think that's a really important question. 103 00:06:08,260 --> 00:06:15,060 And to be honest, even as a gastroenterologist, there is difference between what a luminal 104 00:06:15,060 --> 00:06:17,620 gastroenterologist versus a hepatologist. 105 00:06:17,620 --> 00:06:22,620 And then now if your hepatologist doing research, which hepatology can be research heavy, you 106 00:06:22,620 --> 00:06:25,420 can now imagine what the difference in that will be. 107 00:06:25,420 --> 00:06:29,420 But I think you bring up a really, really important point, which is that many of us 108 00:06:29,420 --> 00:06:32,620 went into medicine not because of money. 109 00:06:32,620 --> 00:06:35,180 We went into medicine to serve people. 110 00:06:35,180 --> 00:06:38,820 And researchers are going into medicine to make a difference. 111 00:06:38,820 --> 00:06:40,980 They love being stimulated as well. 112 00:06:40,980 --> 00:06:42,780 It's like, what am I going to discover? 113 00:06:42,780 --> 00:06:46,500 That curiosity part of us, part of all of us. 114 00:06:46,500 --> 00:06:50,020 And unfortunately, it looks like there is a cost to it. 115 00:06:50,020 --> 00:06:53,620 And I do agree that to every decision that we make, there is always an alternative that 116 00:06:53,620 --> 00:06:55,180 we have to say no to. 117 00:06:55,180 --> 00:06:59,900 But I don't think being broke is that option that we need to say no to or feeling cheated. 118 00:06:59,900 --> 00:07:06,260 And part of that is going to be unlearning the things that we've learned before, unlearning 119 00:07:06,260 --> 00:07:10,980 the assumptions that we've made before, learning the good things from those that have gone 120 00:07:10,980 --> 00:07:15,660 before us, but learning that it's our responsibility to do better for those that are coming after 121 00:07:15,660 --> 00:07:16,660 us. 122 00:07:16,660 --> 00:07:20,100 So that goes down to even things like negotiations. 123 00:07:20,100 --> 00:07:25,540 Like a lot of times we don't think that there is room to negotiate what we offered. 124 00:07:25,540 --> 00:07:30,060 We take it because if you, God forbid, you negotiate, they're going to think you don't 125 00:07:30,060 --> 00:07:31,900 care about this research position. 126 00:07:31,900 --> 00:07:35,380 They're going to think you don't care about the advancement of science. 127 00:07:35,380 --> 00:07:40,060 They're going to think you don't love humans, as see loving humans, loving science, and 128 00:07:40,060 --> 00:07:44,860 wanting to be kind means that we have to like sign on a line of like, I'm going to be poor 129 00:07:44,860 --> 00:07:45,860 forever. 130 00:07:45,860 --> 00:07:49,260 You know, and honestly, this is not just in academic setting only. 131 00:07:49,260 --> 00:07:54,740 It goes even far zoomed out into the world where, you know, a lot of us have stories 132 00:07:54,740 --> 00:07:59,180 when it comes to money that we tell ourselves and the stories we tell ourselves are the 133 00:07:59,180 --> 00:08:03,920 result of things that we've seen, that we've learned, not even just taught only. 134 00:08:03,920 --> 00:08:09,340 So for example, thinking things like if you want to do good, then you have to be willing 135 00:08:09,340 --> 00:08:11,220 to not be paid for it. 136 00:08:11,220 --> 00:08:12,220 Right? 137 00:08:12,220 --> 00:08:18,600 Or if I, people that have money are greedy, they don't care about humans because I am 138 00:08:18,600 --> 00:08:21,660 choosing to be underpaid because I care about humans. 139 00:08:21,660 --> 00:08:22,660 Right? 140 00:08:22,660 --> 00:08:26,660 So we'll see how that becomes self-perpetuating, not just for ourselves, but even to like our 141 00:08:26,660 --> 00:08:33,020 kids and our grandkids and our cousins and our nephews and our nieces and all the people 142 00:08:33,020 --> 00:08:36,000 around us that we can potentially impact. 143 00:08:36,000 --> 00:08:41,820 So the very first step is going to be questioning the beliefs that we already have when it comes 144 00:08:41,820 --> 00:08:47,540 to things like money, questioning the beliefs that we already have when it comes to negotiating, 145 00:08:47,540 --> 00:08:52,900 understanding that you asking for a fair pay, you asking for a good pay isn't a sign of 146 00:08:52,900 --> 00:08:53,900 greed. 147 00:08:53,900 --> 00:08:57,220 In fact, you not asking is a sign of you cheating yourself. 148 00:08:57,220 --> 00:08:59,140 And how is that a good thing for the world? 149 00:08:59,140 --> 00:09:00,140 Right? 150 00:09:00,140 --> 00:09:01,140 How is that a good thing for the world? 151 00:09:01,140 --> 00:09:07,020 So number one is understanding that you can negotiate and is it going to feel uncomfortable? 152 00:09:07,020 --> 00:09:10,600 Yes, it will feel uncomfortable if you've never done it before. 153 00:09:10,600 --> 00:09:14,900 But then the next step of that is also understanding too, that the fact that you're earning money 154 00:09:14,900 --> 00:09:17,980 as a researcher doesn't mean you can't do anything else. 155 00:09:17,980 --> 00:09:23,660 And in fact, I'm a huge believer of the fact that when we diversify how we earn, it decreases 156 00:09:23,660 --> 00:09:24,900 burnout. 157 00:09:24,900 --> 00:09:29,700 It also will help us and help our patients because now we're not dependent on that one 158 00:09:29,700 --> 00:09:35,020 income for our survival, which means that we actually get to explore our creativity 159 00:09:35,020 --> 00:09:36,020 a little bit more. 160 00:09:36,020 --> 00:09:41,100 We get to pursue the questions that inspire us because you're like, you know what? 161 00:09:41,100 --> 00:09:43,160 I have money coming from other sources. 162 00:09:43,160 --> 00:09:47,980 So even if this one is weak and I really think that the question that I have is a great one, 163 00:09:47,980 --> 00:09:52,660 I'm willing to pursue that question research wise, understanding that I'm not going to 164 00:09:52,660 --> 00:09:53,660 suffer. 165 00:09:53,660 --> 00:09:54,900 My kids are not going to be suffering. 166 00:09:54,900 --> 00:09:57,700 My future, my retirement is not at stake here. 167 00:09:57,700 --> 00:10:02,660 And I do believe that when physicians have the finances to be able to create the life 168 00:10:02,660 --> 00:10:08,020 that we want, it's literally going to change not just bedside medicine, but also even research 169 00:10:08,020 --> 00:10:12,380 because we get to ask the questions that we really know are important. 170 00:10:12,380 --> 00:10:16,700 Even if there isn't a lot of like big money supporting it because we're self-sufficient 171 00:10:16,700 --> 00:10:17,700 and all that good stuff. 172 00:10:17,700 --> 00:10:19,060 So that's my thought. 173 00:10:19,060 --> 00:10:24,260 No, thank you for sharing that because I think many researchers are saying, well, I really 174 00:10:24,260 --> 00:10:27,300 want to do the research, but gosh, I've got to pay the bills. 175 00:10:27,300 --> 00:10:30,340 And so people quit because they feel as if it's one or the other. 176 00:10:30,340 --> 00:10:34,660 But you're saying that people can continue to do research and still be able to diversify 177 00:10:34,660 --> 00:10:35,940 their income sources. 178 00:10:35,940 --> 00:10:38,420 Can you talk about what that could look like? 179 00:10:38,420 --> 00:10:39,420 Absolutely. 180 00:10:39,420 --> 00:10:42,740 So number one is that, and I'm going to talk about that in a second, but the other thing 181 00:10:42,740 --> 00:10:48,540 that I want to point out as well is as physicians, we're so good at tolerating pain and we're 182 00:10:48,540 --> 00:10:51,500 so good at hoping that people can read our mind. 183 00:10:51,500 --> 00:10:55,700 And we're so good at like bottling things inside that we don't use the power of our 184 00:10:55,700 --> 00:10:56,700 voice. 185 00:10:56,700 --> 00:11:02,740 So between doing the work that you're doing and quitting, there is a big room there that 186 00:11:02,740 --> 00:11:07,060 we a lot of times we're not utilizing, which is the power of asking. 187 00:11:07,060 --> 00:11:11,900 And understanding that it may be uncomfortable to ask, understanding that it may be uncomfortable 188 00:11:11,900 --> 00:11:17,180 for the other person that you're asking, but discomfort is a currency to change. 189 00:11:17,180 --> 00:11:19,020 Without discomfort, nothing changes. 190 00:11:19,020 --> 00:11:20,020 Nothing. 191 00:11:20,020 --> 00:11:22,860 The best things in our lives happen on the other side of discomfort. 192 00:11:22,860 --> 00:11:27,180 I mean, your audience are experts at discomfort. 193 00:11:27,180 --> 00:11:29,480 Many of them are like MD, PhDs. 194 00:11:29,480 --> 00:11:30,860 They're doing research. 195 00:11:30,860 --> 00:11:34,700 They're experts at sitting down and waiting for the results to happen. 196 00:11:34,700 --> 00:11:40,660 Though I remember in undergrad sitting down in the lab waiting for those cultures to grow. 197 00:11:40,660 --> 00:11:46,460 We are good at being patient for the right things, but what we don't necessarily do is 198 00:11:46,460 --> 00:11:49,340 advocate for ourselves because we think it's greedy. 199 00:11:49,340 --> 00:11:54,420 And so my thing is I don't think everyone quitting is a solution to the problem, but 200 00:11:54,420 --> 00:12:00,060 if we could empower ourselves, build things like building our emergency funds, learning 201 00:12:00,060 --> 00:12:05,860 to diversify, which I'm going to talk about in a second, but there is that big gap between 202 00:12:05,860 --> 00:12:08,540 doing the job and quitting the job. 203 00:12:08,540 --> 00:12:13,180 And that area right there is the asking that I think is underutilized by a lot of people 204 00:12:13,180 --> 00:12:14,180 in academia. 205 00:12:14,180 --> 00:12:17,540 And I mean, we all training, not all, but I trained in academia. 206 00:12:17,540 --> 00:12:19,940 I was like, undergrad was UCLA. 207 00:12:19,940 --> 00:12:20,940 I went to UCSF. 208 00:12:20,940 --> 00:12:21,940 I went to Montana. 209 00:12:21,940 --> 00:12:23,500 I went to UC Davis. 210 00:12:23,500 --> 00:12:25,620 So very, very big center. 211 00:12:25,620 --> 00:12:30,460 I definitely know us and I know that I got a lot of the things too. 212 00:12:30,460 --> 00:12:34,140 And those were things that I had to unlearn so that I could be a better physician. 213 00:12:34,140 --> 00:12:35,820 I could be a healthier parent. 214 00:12:35,820 --> 00:12:40,540 I could be a healthier human and hopefully serve my patients better for the long-term. 215 00:12:40,540 --> 00:12:43,700 But back to the question you asked, I got a lot to share with y'all. 216 00:12:43,700 --> 00:12:46,380 So what do I mean by diversifying your income source? 217 00:12:46,380 --> 00:12:49,940 I think a lot of times that sounds like loss. 218 00:12:49,940 --> 00:12:51,200 Okay. 219 00:12:51,200 --> 00:12:56,860 And what I want most everybody that's listening to understand is that most people that are 220 00:12:56,860 --> 00:13:00,340 listening actually have diversified income already. 221 00:13:00,340 --> 00:13:04,540 And what I mean by that is if you think about the fact that you invest in your retirement 222 00:13:04,540 --> 00:13:07,620 account, that is diversifying. 223 00:13:07,620 --> 00:13:12,740 You're invested in the stock market and you're saying, I don't want to extend my time for 224 00:13:12,740 --> 00:13:13,900 money here. 225 00:13:13,900 --> 00:13:20,540 I want you to work for me, but I've decided that I want that money in future. 226 00:13:20,540 --> 00:13:22,260 Maybe when I'm in my sixties. 227 00:13:22,260 --> 00:13:25,900 So most people that are listening are already diversifying. 228 00:13:25,900 --> 00:13:30,580 But what I find is that many times we don't know that number one, but number two is we 229 00:13:30,580 --> 00:13:35,820 don't our goals and what we want, like what we're doing and our goals are not aligning 230 00:13:35,820 --> 00:13:36,820 together. 231 00:13:36,820 --> 00:13:41,100 So if the only thing that you're doing is investing in stock market in a way that gets 232 00:13:41,100 --> 00:13:43,920 you money when you're 65, it's doing that. 233 00:13:43,920 --> 00:13:46,700 It's doing exactly what you told it to do. 234 00:13:46,700 --> 00:13:51,420 But if you're trying to increase that now, then you have to do things differently. 235 00:13:51,420 --> 00:13:53,440 And there are different ways of doing that. 236 00:13:53,440 --> 00:13:59,000 What I always remind people is there are low hanging fruit ways and there are some other 237 00:13:59,000 --> 00:14:01,860 ways that require taking one or two steps further. 238 00:14:01,860 --> 00:14:05,940 The low hanging fruit way is what you're already doing with the stock market, right? 239 00:14:05,940 --> 00:14:09,700 Many times we're invested in stock market for the long term, but you can also invest 240 00:14:09,700 --> 00:14:10,700 for the short term. 241 00:14:10,700 --> 00:14:13,280 Yes, there is variations in the market. 242 00:14:13,280 --> 00:14:17,780 But you can literally say, I want you to pay out whatever my investment is growing. 243 00:14:17,780 --> 00:14:19,260 I want to use the money right now. 244 00:14:19,260 --> 00:14:21,720 I want the money in my bank account right now. 245 00:14:21,720 --> 00:14:23,380 You will be taxed on it. 246 00:14:23,380 --> 00:14:26,220 But again, if your goal is to have money right now, it's an option. 247 00:14:26,220 --> 00:14:29,880 I personally don't do that because I like to have a lot more fun. 248 00:14:29,880 --> 00:14:33,720 And the fun that I like to have is I like having fun with real estate. 249 00:14:33,720 --> 00:14:38,300 And the reason why I call it fun is because I used to think it was scary, but then when 250 00:14:38,300 --> 00:14:42,980 I replaced it with like, it's fun, that actually helped me take action more. 251 00:14:42,980 --> 00:14:45,100 And there is no one size fits all. 252 00:14:45,100 --> 00:14:49,400 It's not a get rich quick scheme, but it's something that can help physicians also do 253 00:14:49,400 --> 00:14:52,780 more with your brains outside of the examination room. 254 00:14:52,780 --> 00:14:58,580 So whether it's investing actively, meaning that you own the real estate and you are providing 255 00:14:58,580 --> 00:15:03,580 that as a resource to people that need it, or you're investing passively what you like, 256 00:15:03,580 --> 00:15:08,360 okay, this is all great, Letitia, but I don't think I want to spend my time that way. 257 00:15:08,360 --> 00:15:14,060 But do you know people that are decent humans that are not going to like destroy the community 258 00:15:14,060 --> 00:15:17,620 that maybe I can, you know, whatever your goals are, maybe that's not your goal. 259 00:15:17,620 --> 00:15:18,620 Maybe you're like, I don't care. 260 00:15:18,620 --> 00:15:22,680 Like there are people, there's something for everybody, but maybe I can partner with those 261 00:15:22,680 --> 00:15:23,760 people. 262 00:15:23,760 --> 00:15:28,480 Let me put my hard earned money into their hands and let them do the work of finding 263 00:15:28,480 --> 00:15:33,020 the property, finding the tenants, changing the tenants, doing all that stuff. 264 00:15:33,020 --> 00:15:36,740 And that's what you call like passive income through real estate and doing things like 265 00:15:36,740 --> 00:15:37,740 syndications. 266 00:15:37,740 --> 00:15:39,480 You know, so there are those things. 267 00:15:39,480 --> 00:15:42,140 And the other thing I like to tell people is this. 268 00:15:42,140 --> 00:15:48,260 One thing that we as physicians forget about is that our brain is an asset. 269 00:15:48,260 --> 00:15:51,660 None of us were born physicians. 270 00:15:51,660 --> 00:15:58,880 We chose to spend some time to learn one of the hardest skills to learn. 271 00:15:58,880 --> 00:16:03,920 One of the skills that takes the longest to learn, which is mastering medicine and being 272 00:16:03,920 --> 00:16:04,920 a researcher. 273 00:16:04,920 --> 00:16:06,340 And we did that. 274 00:16:06,340 --> 00:16:09,860 And now we are doing what we're doing because we learned that skill. 275 00:16:09,860 --> 00:16:14,100 The skill we've learned is one of the skills that takes the longest to learn. 276 00:16:14,100 --> 00:16:19,020 So there is no other skill that's going to take as long as what you've already done. 277 00:16:19,020 --> 00:16:20,060 Right? 278 00:16:20,060 --> 00:16:25,040 And so the question becomes like, what are those things that you enjoy doing that can 279 00:16:25,040 --> 00:16:28,580 solve other people's problems so that you can earn through that? 280 00:16:28,580 --> 00:16:29,580 Right? 281 00:16:29,580 --> 00:16:32,660 You may go, I don't have any, but maybe you can learn. 282 00:16:32,660 --> 00:16:34,660 I did not know how to do real estate. 283 00:16:34,660 --> 00:16:36,700 I did not know how to build a business. 284 00:16:36,700 --> 00:16:41,900 I did not know how to teach the money part because I was literally doing it for myself 285 00:16:41,900 --> 00:16:44,020 to improve my life and my friends. 286 00:16:44,020 --> 00:16:46,580 And then people are like, Latifah, we need help. 287 00:16:46,580 --> 00:16:48,320 You know, the stuff teach us. 288 00:16:48,320 --> 00:16:52,640 And that became a problem that I was helping people solve and still solving. 289 00:16:52,640 --> 00:16:54,340 And now I can earn through that. 290 00:16:54,340 --> 00:16:55,340 Right? 291 00:16:55,340 --> 00:16:58,660 I will give you an example of a woman physician in my community. 292 00:16:58,660 --> 00:17:02,920 You know, you know, the women in my community, badass woman physician, amazing. 293 00:17:02,920 --> 00:17:07,140 We all are bad ass, but really, really amazing physician cares about her community. 294 00:17:07,140 --> 00:17:11,440 And her goal is to impact her community through seeing them in clinic. 295 00:17:11,440 --> 00:17:14,580 And for her, she thought she was going to do that forever. 296 00:17:14,580 --> 00:17:18,020 So like a lot of researchers that are doing the work of their life, they're like, I find 297 00:17:18,020 --> 00:17:22,520 joy and fulfillment and I'm willing to take a pay cut so I can keep doing the work that 298 00:17:22,520 --> 00:17:24,200 I'm meant to do in this world. 299 00:17:24,200 --> 00:17:29,520 And that was her, but in a clinical setting until she went on maternity leave and then 300 00:17:29,520 --> 00:17:33,300 came back from maternity leave and was found to have some health stuff that she needed 301 00:17:33,300 --> 00:17:35,340 to go take care of urgently. 302 00:17:35,340 --> 00:17:39,320 And so she asked for time off and guess what they did? 303 00:17:39,320 --> 00:17:41,780 They fired her instead. 304 00:17:41,780 --> 00:17:48,100 They fired an amazing, well trained, excellent physician instead, instead, instead, no reports 305 00:17:48,100 --> 00:17:50,600 of lack of professionalism. 306 00:17:50,600 --> 00:17:56,700 One of the only physicians in that setting and was told, I'm sorry, we're going to have 307 00:17:56,700 --> 00:18:01,120 to let you go because you have overused the time that you could take off. 308 00:18:01,120 --> 00:18:04,700 And it's like, this is, that was maternity leave. 309 00:18:04,700 --> 00:18:09,500 This is an urgent, I mean, our lives are like, listen guys, I don't care how amazing you 310 00:18:09,500 --> 00:18:13,220 are, if you die, you're dead, you're dead. 311 00:18:13,220 --> 00:18:19,840 And this is something that had the potential of being, of them losing their potential lives 312 00:18:19,840 --> 00:18:24,940 on so they took care, she took care of this, but they literally walked her off premise, 313 00:18:24,940 --> 00:18:28,360 walked her off premise and that was it. 314 00:18:28,360 --> 00:18:33,160 And this is a breadwinner that was willing to be underpaid to serve her community, just 315 00:18:33,160 --> 00:18:34,720 like a lot of your audience. 316 00:18:34,720 --> 00:18:39,980 But what she did was this, she is, you know, is in our community and really pivoted. 317 00:18:39,980 --> 00:18:44,940 She was like, okay, how can I earn my spots to take home, you know, the stay home dad 318 00:18:44,940 --> 00:18:46,520 serving our kids? 319 00:18:46,520 --> 00:18:47,940 How can I pivot? 320 00:18:47,940 --> 00:18:50,920 And so I was like, we got to move. 321 00:18:50,920 --> 00:18:56,620 So diverse support our income really quickly, invested in real estate, started earning with 322 00:18:56,620 --> 00:19:02,060 that, started our own micro practice, got a part-time work clinically, where she in 323 00:19:02,060 --> 00:19:06,800 her words negotiated for more money than she'd ever thought a primary care doctor could ever 324 00:19:06,800 --> 00:19:09,920 make all because she chose to pivot. 325 00:19:09,920 --> 00:19:14,320 And then what happened is this, the love that she had, the heart that she has to serve our 326 00:19:14,320 --> 00:19:20,040 people has now morphed into something different where she now launched her own tea line and 327 00:19:20,040 --> 00:19:25,040 she's now in like, I think maybe three or four, I want to say physical stores. 328 00:19:25,040 --> 00:19:26,640 And she was just celebrating recently. 329 00:19:26,640 --> 00:19:31,080 She's like, I did not imagine that a store would ever pay me money. 330 00:19:31,080 --> 00:19:36,240 Like, and now I'm getting paid because I'm creating this tea line, serving people, educating 331 00:19:36,240 --> 00:19:37,900 about my culture. 332 00:19:37,900 --> 00:19:42,880 And now she's teaching physicians also how to incorporate herbal health into their practice 333 00:19:42,880 --> 00:19:47,680 so that they can benefit from learning that alternative quote unquote, doesn't have to 334 00:19:47,680 --> 00:19:50,960 be separate from the more traditional stuff that we've been taught. 335 00:19:50,960 --> 00:19:51,960 Right? 336 00:19:51,960 --> 00:19:56,160 So that's a power of understanding that you are literally one skill away and understanding 337 00:19:56,160 --> 00:20:01,520 the change in mindset of how can I learn a skill that can solve people's problems that 338 00:20:01,520 --> 00:20:06,360 they can thank me for solving and in exchange for that, I get to get paid. 339 00:20:06,360 --> 00:20:10,800 But that doesn't have to be you doing research or this. 340 00:20:10,800 --> 00:20:15,440 And in my opinion, when we actually diversify what we do, it decreases our burnout. 341 00:20:15,440 --> 00:20:18,740 And I've seen that in my own life, I've seen in the life of the doctors that I've had a 342 00:20:18,740 --> 00:20:21,620 chance and just the privilege of serving. 343 00:20:21,620 --> 00:20:25,640 And I wish that every physician would wake up to the fact that we're not a one trick 344 00:20:25,640 --> 00:20:28,320 pony like I used to think I was too. 345 00:20:28,320 --> 00:20:29,320 Great. 346 00:20:29,320 --> 00:20:30,320 Okay. 347 00:20:30,320 --> 00:20:32,080 Well, Dr. Latifa, thank you. 348 00:20:32,080 --> 00:20:33,360 That's very well said. 349 00:20:33,360 --> 00:20:34,600 We're not one trick ponies. 350 00:20:34,600 --> 00:20:36,640 We absolutely can do this. 351 00:20:36,640 --> 00:20:38,000 And we've learned the hardest thing. 352 00:20:38,000 --> 00:20:41,560 We've done medicine, we've done residency, we've done fellowship, we can do this. 353 00:20:41,560 --> 00:20:42,960 So where do people go to learn? 354 00:20:42,960 --> 00:20:43,960 Where do people go to learn? 355 00:20:43,960 --> 00:20:47,520 Tell us about your community and how you serve women in this way. 356 00:20:47,520 --> 00:20:48,520 Absolutely. 357 00:20:48,520 --> 00:20:54,480 One of the easiest way for people to learn is podcasts. 358 00:20:54,480 --> 00:20:57,980 Just listening, just optimizing the time that we already have. 359 00:20:57,980 --> 00:21:02,540 So one of the things that people say is, I don't have time, I am busy. 360 00:21:02,540 --> 00:21:07,640 And what I've found is that we have time for the things we choose to have time for, right? 361 00:21:07,640 --> 00:21:09,120 But we don't understand that. 362 00:21:09,120 --> 00:21:12,760 We think we need all the time in the world, but I always ask people just start where you 363 00:21:12,760 --> 00:21:13,760 can start from. 364 00:21:13,760 --> 00:21:16,600 So one easy way to do is like listen to podcasts. 365 00:21:16,600 --> 00:21:20,840 I have a podcast called the Money Feed MD podcast where I talk about how people can 366 00:21:20,840 --> 00:21:24,520 learn money, build their net worth and grow their wealth from the inside out. 367 00:21:24,520 --> 00:21:27,960 That is something you can listen to on your commute, right? 368 00:21:27,960 --> 00:21:29,780 Books, find a book or two. 369 00:21:29,780 --> 00:21:34,240 The one that I wrote for women physicians is called Done with Broke, the woman physician 370 00:21:34,240 --> 00:21:36,560 guide to more money and less hustle. 371 00:21:36,560 --> 00:21:37,880 There are other books out there. 372 00:21:37,880 --> 00:21:41,040 There's one that I love called Your Money or Your Life. 373 00:21:41,040 --> 00:21:45,000 Like literally when we start to understand that when it comes to money, it's not about 374 00:21:45,000 --> 00:21:46,360 greedy or not greedy. 375 00:21:46,360 --> 00:21:51,540 It's about am I letting my money work for me so that my money can help me live the life 376 00:21:51,540 --> 00:21:55,520 that I'm supposed to live so I can impact the people that I'm meant to impact. 377 00:21:55,520 --> 00:21:59,640 Because whether you know it or not, whether you believe it or not, you're meant to impact 378 00:21:59,640 --> 00:22:02,240 more than just the people you're serving right now. 379 00:22:02,240 --> 00:22:04,200 There's nothing wrong with what you're doing. 380 00:22:04,200 --> 00:22:08,880 But when I think about the humans that you're going to teach as well, how to be better with 381 00:22:08,880 --> 00:22:13,280 whatever, whatever skill it is, whether it's like explaining money, giving money, spending 382 00:22:13,280 --> 00:22:17,440 money on them, the housekeeper you're going to spend money on, the person you're going 383 00:22:17,440 --> 00:22:19,040 to tip at the restaurant. 384 00:22:19,040 --> 00:22:22,620 Like those are the effects of you having money that's going through you. 385 00:22:22,620 --> 00:22:25,520 If you're like, I wish I could help change the world. 386 00:22:25,520 --> 00:22:29,760 I could put my money into the things that I care about, but unfortunately I don't have 387 00:22:29,760 --> 00:22:30,760 money. 388 00:22:30,760 --> 00:22:32,080 How is that serving the world? 389 00:22:32,080 --> 00:22:33,080 Right? 390 00:22:33,080 --> 00:22:38,360 So the more you understand that this is not just about your money as in the paper amount. 391 00:22:38,360 --> 00:22:42,560 This is about the impact that you can make on a daily basis in your life. 392 00:22:42,560 --> 00:22:45,920 You understand that you have no choice but to learn. 393 00:22:45,920 --> 00:22:48,320 But I will tell about my community as well. 394 00:22:48,320 --> 00:22:51,820 I have a community that is specifically for women physicians. 395 00:22:51,820 --> 00:22:57,560 And this is where women that want to learn about money in a safe, shame-free, guilt-free, 396 00:22:57,560 --> 00:23:00,240 judgment-free zone, head income. 397 00:23:00,240 --> 00:23:02,360 It doesn't matter if you're new to money. 398 00:23:02,360 --> 00:23:04,160 It doesn't matter if you're seasoned with money. 399 00:23:04,160 --> 00:23:07,480 If you're like, I don't even know what a 401k is. 400 00:23:07,480 --> 00:23:08,840 That was me seven years ago. 401 00:23:08,840 --> 00:23:11,040 I didn't know any of the stuff. 402 00:23:11,040 --> 00:23:15,920 And so what we've done is we've curated an amazing village where you can come and learn 403 00:23:15,920 --> 00:23:21,800 the money, knowledge, like literally the 20% you need to achieve 80% of success. 404 00:23:21,800 --> 00:23:23,200 But it doesn't end there. 405 00:23:23,200 --> 00:23:27,360 You get the education, you get the community, you get the coaching. 406 00:23:27,360 --> 00:23:29,080 That's what I offer for women physicians. 407 00:23:29,080 --> 00:23:33,640 But I also offer things like webinars that may be free webinars for people that are not 408 00:23:33,640 --> 00:23:38,440 ready yet to like take the jump into getting into a coaching community. 409 00:23:38,440 --> 00:23:41,960 And in fact, right now we're recording this in a week where I'm doing a money challenge 410 00:23:41,960 --> 00:23:47,020 where women physicians join us for a super low cost and they can make money moves over 411 00:23:47,020 --> 00:23:48,100 five days. 412 00:23:48,100 --> 00:23:52,680 But all those information you can find on my website, which is moneyfitmd.com. 413 00:23:52,680 --> 00:23:57,580 But the easiest place to go start right now, go listen to the podcast, start changing what 414 00:23:57,580 --> 00:23:59,200 you're listening to. 415 00:23:59,200 --> 00:24:01,640 Most of us, we're listening to things that's not helpful. 416 00:24:01,640 --> 00:24:03,280 We're listening to our doubts. 417 00:24:03,280 --> 00:24:08,480 We listen to like stories about why we cannot do this, what we don't have, what we lack. 418 00:24:08,480 --> 00:24:12,280 We listen to stories from academia that says money is the root of evil. 419 00:24:12,280 --> 00:24:13,960 If you ask for money, you're greedy. 420 00:24:13,960 --> 00:24:16,840 As if it doesn't take money to run hospitals. 421 00:24:16,840 --> 00:24:19,800 Like why do hospitals charge your patients? 422 00:24:19,800 --> 00:24:21,720 Why do they charge patients? 423 00:24:21,720 --> 00:24:26,460 Because they understand that it's not just about the money only, it's what they're able 424 00:24:26,460 --> 00:24:31,560 to do because they can charge, they can pay the doctors, they can pay the nurses, they 425 00:24:31,560 --> 00:24:35,120 can be sustainable so that they're not just here today, but they're here for the long 426 00:24:35,120 --> 00:24:36,120 haul. 427 00:24:36,120 --> 00:24:40,000 So they're onto knowledge that unfortunately they're not letting physicians get from that 428 00:24:40,000 --> 00:24:43,480 knowledge and it's the fact that money in your hands is a great thing for the world. 429 00:24:43,480 --> 00:24:47,720 So we have to change what we're hearing so that we can be transformed literally like 430 00:24:47,720 --> 00:24:52,900 the Bible says, but add the renewal of our minds every single day so that when we change 431 00:24:52,900 --> 00:24:57,680 how we think, we can change who we are, evolve to the next version of ourselves that we have 432 00:24:57,680 --> 00:25:00,480 in this world. 433 00:25:00,480 --> 00:25:02,280 Thank you so much, Dr. Latifa. 434 00:25:02,280 --> 00:25:03,280 This is really good. 435 00:25:03,280 --> 00:25:07,280 I want to ask you a question about why women though? 436 00:25:07,280 --> 00:25:10,900 Why are you focused just on women? 437 00:25:10,900 --> 00:25:11,900 Because I like us. 438 00:25:11,900 --> 00:25:13,900 Is that enough answer? 439 00:25:13,900 --> 00:25:14,900 No. 440 00:25:14,900 --> 00:25:23,440 So the reason why is because there's something, you know, by the way, my podcast, I have men 441 00:25:23,440 --> 00:25:24,440 listen to my podcast. 442 00:25:24,440 --> 00:25:25,440 I have non-physicians. 443 00:25:25,440 --> 00:25:27,560 I get messages from men. 444 00:25:27,560 --> 00:25:30,280 I get like literally men, non-physicians. 445 00:25:30,280 --> 00:25:33,240 So it's available for anybody that wants to listen to it. 446 00:25:33,240 --> 00:25:37,120 In fact, some of my biggest fans, they're like, if I post anything, they're like, Latifa, 447 00:25:37,120 --> 00:25:38,120 thank you for the zero man. 448 00:25:38,120 --> 00:25:39,120 Right? 449 00:25:39,120 --> 00:25:41,200 So it doesn't mean you cannot learn from me. 450 00:25:41,200 --> 00:25:44,200 However, what we've found is that there is disparities. 451 00:25:44,200 --> 00:25:49,860 The same way there is disparities between people that are in academia versus non-academia, 452 00:25:49,860 --> 00:25:52,440 people that are proceduralist versus non-proceduralist. 453 00:25:52,440 --> 00:25:57,400 There's also disparities that we find that is between men and women when it comes to 454 00:25:57,400 --> 00:26:01,960 how we may be getting paid or reimbursed in the healthcare setting. 455 00:26:01,960 --> 00:26:06,120 There was data showing that over the course of our career, average women will get paid 456 00:26:06,120 --> 00:26:10,200 seven figures less than men over the course of their career. 457 00:26:10,200 --> 00:26:12,120 And that is not because of the setting. 458 00:26:12,120 --> 00:26:14,060 That's not because of the hours worked. 459 00:26:14,060 --> 00:26:17,000 All those were controlled for, and we still have that data. 460 00:26:17,000 --> 00:26:21,280 There's data that shows that women physicians in primary care get more messages than their 461 00:26:21,280 --> 00:26:22,640 male counterparts. 462 00:26:22,640 --> 00:26:25,000 And I think the same is true for surgery as well. 463 00:26:25,000 --> 00:26:27,100 So there is disparities that exist. 464 00:26:27,100 --> 00:26:31,000 The other thing as well is if you look at a lot of language that's around money, it's 465 00:26:31,000 --> 00:26:35,400 not necessarily made with women and specifically women physicians in mind. 466 00:26:35,400 --> 00:26:41,120 A lot of it is like debt averse, which I'm not pro high interest debt, but I do believe 467 00:26:41,120 --> 00:26:47,680 that there are ways you can use debt in a way that's smart, in a way that is, yeah, 468 00:26:47,680 --> 00:26:52,000 smart, efficient, and wealthy minded to help you accelerate your journey to freedom. 469 00:26:52,000 --> 00:26:56,720 But a lot of the information out there doesn't really talk to us as people that have averaged 470 00:26:56,720 --> 00:27:00,720 a high debt, but even specifically as women, it doesn't speak to us. 471 00:27:00,720 --> 00:27:05,080 The other thing that I've found is this, and I've had people reach out to me and ask if 472 00:27:05,080 --> 00:27:08,560 they can join my community and they're not physicians. 473 00:27:08,560 --> 00:27:15,280 They may be nurses, may be nurse practitioners, may be physician assistants, even like PhD 474 00:27:15,280 --> 00:27:16,280 non-physicians. 475 00:27:16,280 --> 00:27:18,440 But here's what I found. 476 00:27:18,440 --> 00:27:23,320 As physicians, when we're in an environment where non-physicians are, we, because of the 477 00:27:23,320 --> 00:27:30,080 role that we feel as service minded people, we stop, we decrease, we start serving instead 478 00:27:30,080 --> 00:27:31,200 of receiving. 479 00:27:31,200 --> 00:27:35,740 So I don't allow non-physicians into my community because you're coming in to be served. 480 00:27:35,740 --> 00:27:40,600 And I found the same to be true as well, that when I have conversations, including talks 481 00:27:40,600 --> 00:27:46,720 in communities where we have men and women, a lot of times women are, we tend to be service 482 00:27:46,720 --> 00:27:48,160 oriented, right? 483 00:27:48,160 --> 00:27:51,500 And the men tend to over control the conversation. 484 00:27:51,500 --> 00:27:56,480 And so I just want a place where women can get served so that we can come into understanding 485 00:27:56,480 --> 00:27:59,720 that the languages around money can be different from us. 486 00:27:59,720 --> 00:28:04,400 We may be part and service oriented, but that doesn't mean that we cannot have money and 487 00:28:04,400 --> 00:28:07,360 build our six, seven figures and be a network. 488 00:28:07,360 --> 00:28:09,120 So I love my community this way. 489 00:28:09,120 --> 00:28:14,320 I have zero plans of changing it, but men that want to learn from me, they can absolutely 490 00:28:14,320 --> 00:28:19,540 through my podcast and also by following me on social media and Instagram and Facebook, 491 00:28:19,540 --> 00:28:22,360 so they can also get transformed as well. 492 00:28:22,360 --> 00:28:23,360 Thank you. 493 00:28:23,360 --> 00:28:24,360 And you're very generous. 494 00:28:24,360 --> 00:28:28,360 You've got a lot of content out there that people can consume, certainly the podcast 495 00:28:28,360 --> 00:28:31,080 and webinars that you do and your book. 496 00:28:31,080 --> 00:28:32,680 So there are many opportunities. 497 00:28:32,680 --> 00:28:33,940 I appreciate what you said. 498 00:28:33,940 --> 00:28:36,120 The reality is that messages are different. 499 00:28:36,120 --> 00:28:38,080 Messaging is different to women and men. 500 00:28:38,080 --> 00:28:42,600 And many times the community has to feel safe for people to be able to really get the most 501 00:28:42,600 --> 00:28:43,600 out of it. 502 00:28:43,600 --> 00:28:45,040 So, I mean, I'm part of your community. 503 00:28:45,040 --> 00:28:46,040 It's a great place. 504 00:28:46,040 --> 00:28:47,840 So I definitely recommend it. 505 00:28:47,840 --> 00:28:48,840 Thank you. 506 00:28:48,840 --> 00:28:49,840 I love having you there. 507 00:28:49,840 --> 00:28:54,280 And that, when I talk to women physicians and right now we're in the middle of the five 508 00:28:54,280 --> 00:28:58,720 day money challenge where women are coming together and just taking actions every day, 509 00:28:58,720 --> 00:28:59,720 making moves. 510 00:28:59,720 --> 00:29:06,400 And it's just humbling, to be honest with you, to teach in there, to help women do the 511 00:29:06,400 --> 00:29:08,040 things that we know we have the capacity. 512 00:29:08,040 --> 00:29:10,140 I know we have the capacity to do. 513 00:29:10,140 --> 00:29:13,640 But when I see comments from the women that are in there about what they've done in just 514 00:29:13,640 --> 00:29:21,080 five days, when I read the things from our women physicians, that environment is important. 515 00:29:21,080 --> 00:29:23,800 We know that to be true for plants and trees. 516 00:29:23,800 --> 00:29:28,200 We know that you cannot take a plant in California and take it to Alaska and think it's going 517 00:29:28,200 --> 00:29:29,200 to grow. 518 00:29:29,200 --> 00:29:30,600 The environment matters. 519 00:29:30,600 --> 00:29:34,680 And if we know that we have an example of that in nature, why can't we incorporate that 520 00:29:34,680 --> 00:29:35,680 as well? 521 00:29:35,680 --> 00:29:37,280 And I've found that that is true. 522 00:29:37,280 --> 00:29:43,040 Women coming that are like, well, my money looks like scrunchie that is at the bottom 523 00:29:43,040 --> 00:29:44,040 of the purse. 524 00:29:44,040 --> 00:29:46,640 You know how like the scrunchie scrunchie is not looking good? 525 00:29:46,640 --> 00:29:48,640 And now it's like they're having it decluttered. 526 00:29:48,640 --> 00:29:50,400 They're having it organized. 527 00:29:50,400 --> 00:29:51,400 It's making sense. 528 00:29:51,400 --> 00:29:52,400 They're taking a pause. 529 00:29:52,400 --> 00:29:53,400 They're traveling. 530 00:29:53,400 --> 00:29:56,200 They're living their lives while serving humans. 531 00:29:56,200 --> 00:29:58,640 We don't have to burn out. 532 00:29:58,640 --> 00:30:03,920 I literally unsubscribe from the narrative that in order to serve, we have to burn out. 533 00:30:03,920 --> 00:30:08,320 I unsubscribe from the narrative that in order to serve, I have to be poor to do that. 534 00:30:08,320 --> 00:30:12,680 In fact, me with money, I can serve way more people. 535 00:30:12,680 --> 00:30:16,320 Like think about the things you want to change in this world and how many times you're like, 536 00:30:16,320 --> 00:30:18,440 man, that sucks. 537 00:30:18,440 --> 00:30:19,840 Now imagine what would be different. 538 00:30:19,840 --> 00:30:22,520 Like that sucks and I can do something about it. 539 00:30:22,520 --> 00:30:27,800 That sucks and I can, the person that's running may not have the finances, but I can actually 540 00:30:27,800 --> 00:30:29,960 pay to augment their stuff. 541 00:30:29,960 --> 00:30:32,280 Like that's what we're here for. 542 00:30:32,280 --> 00:30:33,520 We're not just here for words. 543 00:30:33,520 --> 00:30:35,000 We're here for action. 544 00:30:35,000 --> 00:30:36,920 We're here to be part of the change. 545 00:30:36,920 --> 00:30:39,220 And I cannot think about better people than physicians. 546 00:30:39,220 --> 00:30:45,160 So when I'm tired, when I'm like, I don't want to, I remember all this and I'm like, 547 00:30:45,160 --> 00:30:47,060 no, we, we got work to do. 548 00:30:47,060 --> 00:30:52,200 So if you're listening to my voice, you're listening, I'm glad you serve in the hospital. 549 00:30:52,200 --> 00:30:57,720 I'm glad you're serving in the research department, doing whether it's clinical or bench work, 550 00:30:57,720 --> 00:30:59,560 that stuff matters. 551 00:30:59,560 --> 00:31:03,700 But don't be confused to think that that is all you're here to do. 552 00:31:03,700 --> 00:31:08,560 I reject that for you because your life is of so much value, even much more than you 553 00:31:08,560 --> 00:31:09,960 can ever imagine. 554 00:31:09,960 --> 00:31:15,000 Like if you think that the ladder, like the peak of the ladder is the best you have to 555 00:31:15,000 --> 00:31:19,560 do, the best you have to create, I'm telling you that that peak is, could just be like 556 00:31:19,560 --> 00:31:20,560 a turn. 557 00:31:20,560 --> 00:31:24,560 It could just be like the corner of the street because you just not seen fire enough yet. 558 00:31:24,560 --> 00:31:27,600 And this is really important because it goes beyond just money. 559 00:31:27,600 --> 00:31:32,880 It goes, extends to our lives because people will, physicians, let's be real, we have like 560 00:31:32,880 --> 00:31:38,480 one of the highest suicide and it's not all because we're like, we were depressed to start. 561 00:31:38,480 --> 00:31:44,840 No, it's because we've anchored our identity to the thing that says this is all I can do. 562 00:31:44,840 --> 00:31:49,480 And the more we understand that this is just one of the hundreds of things you have the 563 00:31:49,480 --> 00:31:55,360 capacity to do, the less dependent we are on that source of employment, which means 564 00:31:55,360 --> 00:31:59,520 that maybe we can actually decrease the amount of physicians that are hurting ourselves. 565 00:31:59,520 --> 00:32:03,320 This is conversation that I wish we had more of, unfortunately we're not, but I'm kind 566 00:32:03,320 --> 00:32:06,280 of like, I'm done with the status quo, it's not working. 567 00:32:06,280 --> 00:32:12,200 So this is beyond, this is money and more, this is our lives, our freedom, our kids, 568 00:32:12,200 --> 00:32:15,400 the people that literally are not even born yet that your mentoring impacts. 569 00:32:15,400 --> 00:32:18,240 So yeah, I will have that uncomfortable conversation. 570 00:32:18,240 --> 00:32:23,600 And yes, I will talk about money forever because it does matter. 571 00:32:23,600 --> 00:32:24,600 I hear you. 572 00:32:24,600 --> 00:32:29,840 And I also hear deeper than that is, is the freedom to be everything you can be. 573 00:32:29,840 --> 00:32:32,720 And money is one of the tools that allows you to do that. 574 00:32:32,720 --> 00:32:33,720 Yes. 575 00:32:33,720 --> 00:32:38,960 One of the physicians was, I mean, I took a sabbatical with my family and I'm calling 576 00:32:38,960 --> 00:32:44,040 it a sabbatical, not because it's like a work sabbatical, but it's a family sabbatical. 577 00:32:44,040 --> 00:32:47,960 Like my family decided that we wanted to take an extended sabbat. 578 00:32:47,960 --> 00:32:48,960 That's what it was. 579 00:32:48,960 --> 00:32:57,560 We wanted to take an extended time to rest, to silence the external, to deepen our roots, 580 00:32:57,560 --> 00:33:00,280 to spend time with each other, deepen our relationship. 581 00:33:00,280 --> 00:33:04,080 Cause I think life is about so much more, right? 582 00:33:04,080 --> 00:33:06,200 And I quit my job to do that. 583 00:33:06,200 --> 00:33:10,560 Not because my job said they wouldn't let me, but because I did not know how long I 584 00:33:10,560 --> 00:33:12,640 was going to want to be gone for. 585 00:33:12,640 --> 00:33:17,720 And I did not want anybody sending me emails to ask him to sign forms or asking me, so 586 00:33:17,720 --> 00:33:18,720 are we there yet? 587 00:33:18,720 --> 00:33:20,860 I just did not want that. 588 00:33:20,860 --> 00:33:25,280 And what that meant was quitting, but it's hard to quit when you, when your identity 589 00:33:25,280 --> 00:33:27,560 is like stuck on one thing. 590 00:33:27,560 --> 00:33:35,320 And that's why this, this detaching our identity from what we do is so important because the 591 00:33:35,320 --> 00:33:37,720 more we do that, the healthier we're going to be. 592 00:33:37,720 --> 00:33:43,440 And I cannot, I cannot tell you number one, because I cannot even tell you in that amount 593 00:33:43,440 --> 00:33:50,920 of time we have, but also because even I am still understanding the impact of the sabbatical 594 00:33:50,920 --> 00:33:56,160 that we took as a family because it's life given in a way that nothing else has given 595 00:33:56,160 --> 00:33:57,160 us life. 596 00:33:57,160 --> 00:33:59,000 We wanted to go to nine countries. 597 00:33:59,000 --> 00:34:01,440 We ended up in 19 countries. 598 00:34:01,440 --> 00:34:05,560 You know, we were present for things in across the world. 599 00:34:05,560 --> 00:34:09,760 Like we were there for like 90th birthday of distant family members. 600 00:34:09,760 --> 00:34:12,920 We were there for like my sister's baptism. 601 00:34:12,920 --> 00:34:17,920 We were there for like my dad's three year remembrance, my husband's like, we just, we 602 00:34:17,920 --> 00:34:19,320 were there for just like us. 603 00:34:19,320 --> 00:34:23,500 Well, we met friends, like we did things we've never done before. 604 00:34:23,500 --> 00:34:25,880 We had conversations. 605 00:34:25,880 --> 00:34:29,240 It was just what we did not even know that we needed. 606 00:34:29,240 --> 00:34:34,120 And the only reason why we were able to was because we had taken care of the money stuff 607 00:34:34,120 --> 00:34:38,680 before we even knew that a sabbatical was something that we even wanted. 608 00:34:38,680 --> 00:34:44,080 But even more so was because we had done the work of learning how to understand money, 609 00:34:44,080 --> 00:34:49,720 know money, grow money, diversify our income, but even deepen our relationship with ourselves 610 00:34:49,720 --> 00:34:55,480 and our identity that is way beyond the work that we do every day. 611 00:34:55,480 --> 00:35:00,420 That is so beautiful and so well said that I think, I think it's a good point at which 612 00:35:00,420 --> 00:35:03,360 to wrap things up, but I do want to give you the last word. 613 00:35:03,360 --> 00:35:05,140 We talked about a lot of things. 614 00:35:05,140 --> 00:35:08,640 What is one thing that you haven't talked about yet that you feel like it's important 615 00:35:08,640 --> 00:35:09,640 to share? 616 00:35:09,640 --> 00:35:16,720 You know, I think that it's important for us to draw a line in the sand and decide that 617 00:35:16,720 --> 00:35:23,760 our past is the past and whatever it is that is like, but I don't know how to yet, but 618 00:35:23,760 --> 00:35:26,720 I didn't, so what? 619 00:35:26,720 --> 00:35:31,720 And just understand that the reasons, the excuses, the stories that we've told ourselves 620 00:35:31,720 --> 00:35:35,120 is the reason why we're creating exactly where we are right now. 621 00:35:35,120 --> 00:35:40,960 So if you want something different, if you want to practice, if you want to love medicine 622 00:35:40,960 --> 00:35:46,680 more, if you want to do your research wholeheartedly without fear and knowing that you could be 623 00:35:46,680 --> 00:35:51,200 anywhere else, but I choose to be here, then it's time for you to ask yourself, what do 624 00:35:51,200 --> 00:35:53,280 you need to build that confidence? 625 00:35:53,280 --> 00:35:57,000 And if money is it, know that it's not too late. 626 00:35:57,000 --> 00:35:59,680 I did not learn any of this until seven years ago. 627 00:35:59,680 --> 00:36:03,520 I've had the joy of serving people that are in their fifties, right? 628 00:36:03,520 --> 00:36:06,120 It is not too late for you, right? 629 00:36:06,120 --> 00:36:10,480 This is the youngest you're ever going to be, but just ask yourself, what do I need? 630 00:36:10,480 --> 00:36:12,400 Who do I need help from? 631 00:36:12,400 --> 00:36:14,820 What do I need to surround myself with? 632 00:36:14,820 --> 00:36:18,800 And understand that it may require you putting earplugs around the people that have been 633 00:36:18,800 --> 00:36:23,060 talking into your life so far and removing your earplugs and finding a different environment 634 00:36:23,060 --> 00:36:24,760 for you to be fed into. 635 00:36:24,760 --> 00:36:29,400 And if that's something that you want, reach out, it's moneyfeedmd.com. 636 00:36:29,400 --> 00:36:30,720 There's a contact form there. 637 00:36:30,720 --> 00:36:35,240 I'm always happy to serve physicians because I know we have capacity to serve so many other 638 00:36:35,240 --> 00:36:37,800 people that I would never ever be able to reach. 639 00:36:37,800 --> 00:36:42,560 So my goal is to empower physicians so that people like you can do the work that they're 640 00:36:42,560 --> 00:36:45,880 doing and serving people in ways that I would never be able to serve them. 641 00:36:45,880 --> 00:36:48,120 That's so awesome. 642 00:36:48,120 --> 00:36:49,120 So beautiful. 643 00:36:49,120 --> 00:36:50,120 And thank you. 644 00:36:50,120 --> 00:36:51,120 Thank you. 645 00:36:51,120 --> 00:36:52,120 Money's important. 646 00:36:52,120 --> 00:36:53,120 We can master it. 647 00:36:53,120 --> 00:36:54,120 We need to. 648 00:36:54,120 --> 00:36:55,120 And there's information and resources. 649 00:36:55,120 --> 00:36:59,880 And certainly your community is a great place for those in my community who are women. 650 00:36:59,880 --> 00:37:01,400 So you've heard Dr. Latifah. 651 00:37:01,400 --> 00:37:03,360 You got to understand money. 652 00:37:03,360 --> 00:37:04,360 Money is important. 653 00:37:04,360 --> 00:37:05,500 Don't ignore it anymore. 654 00:37:05,500 --> 00:37:06,500 You can learn. 655 00:37:06,500 --> 00:37:07,500 You're able to. 656 00:37:07,500 --> 00:37:10,960 Thank you for joining us today on today's episode, Dr. Latifah. 657 00:37:10,960 --> 00:37:12,440 Thank you for being here. 658 00:37:12,440 --> 00:37:14,640 We appreciate you. 659 00:37:14,640 --> 00:37:18,920 And everyone else, we'll see you again the next time on the Clinician Researcher podcast. 660 00:37:18,920 --> 00:37:20,920 Thanks for having me here. 661 00:37:20,920 --> 00:37:32,160 Thanks for being here. 662 00:37:32,160 --> 00:37:37,520 Thanks for listening to this episode of the Clinician Researcher podcast, where academic 663 00:37:37,520 --> 00:37:42,960 clinicians learn the skills to build their own research program, whether or not they 664 00:37:42,960 --> 00:37:44,300 have a mentor. 665 00:37:44,300 --> 00:37:50,400 If you found the information in this episode to be helpful, don't keep it all to yourself. 666 00:37:50,400 --> 00:37:52,160 Everyone else needs to hear it. 667 00:37:52,160 --> 00:37:56,200 So take a minute right now and share it. 668 00:37:56,200 --> 00:38:01,680 As you share this episode, you become part of our mission to help launch a new generation 669 00:38:01,680 --> 00:38:21,720 of clinician researchers who make transformative discoveries that change the way we do healthcare.