Building true wealth, with Bryan Jepson, M.D., CFP

Bryan Jepson, M.D., CFP, joins the show to explain what “true wealth” really means for physicians, and why retirement planning goes far beyond money.

He explains how to balance financial goals with personal fulfillment, tackle student debt and make smart decisions about saving, investing and enjoying life along the way.

Don't miss our recent episodes on the telehealth crisis, medicine's broken workflow, staying resilient and women leaders in medicine.

Music Credits:
Distant Memories by Buurd - stock.adobe.com
Relaxing Lounge by Classy Call me Man - stock.adobe.com
A Textbook Example by Skip Peck - stock.adobe.com

Editor's note: Episode timestamps and transcript produced using AI tools.

Introduction and Episode Overview (00:00:19) Host introduces the podcast, Dr. Jepson, and outlines topics: true wealth, financial planning, overcoming hurdles and work-life balance.

Defining True Wealth (00:01:33) Dr. Jepson distinguishes between being rich and being truly wealthy, emphasizing freedom, fulfillment and relationships.

Mindset Shifts for Early Financial Planning (00:03:41) Discussion on the importance of intentionality, compounding interest and starting early to build assets for true wealth.

Carving Out Time and Building Habits (00:05:42) Strategies for physicians to create financial plans, develop good habits and work with planners to enjoy life before retirement.

Clinical Resource Promotion (00:07:46) Brief segment promoting Patient Care Online as a clinical resource for physicians.

Balancing Retirement Accounts and Flexible Investments (00:08:04) Advice on prioritizing tax-advantaged retirement accounts before exploring alternative investments like real estate or crypto.

Incorporating Philanthropy and Service (00:10:16) Ways to include giving — both money and time — into financial plans without risking personal security.

True Wealth and Career Fulfillment (00:11:56) How financial independence empowers physicians to avoid burnout, pivot careers or retire early while staying fulfilled.

P2 Management Minute Segment (00:14:32) Short segment offering practical management tips and inviting listener contributions.

First Steps Toward True Wealth (00:15:23) Dr. Jepson’s advice for residents: live below your means, pay off high-interest debt and build an emergency fund.

Emergency Fund Guidelines (00:18:15) Recommendations for emergency savings: 3–6 months of expenses, adjusted for single or dual income households.

Final Advice and Resources (00:19:25) Emphasis on intentionality, understanding basics, and choosing the right financial planner; resources and website shared.

Episode Closing and Credits (00:22:44) Host wraps up, thanks listeners, and provides subscription and newsletter information.