Nov 3, 2023
Dr. Jimmy Turner's entrepreneurial journey began when he started his own business called The Physician Philosopher. He initially started as a solopreneur, figuring things out on his own and learning along the way. He had to navigate the process of setting up an LLC, getting an employer identification number, and opening a bank account. Despite the challenges, he believed that there was nothing he couldn't learn if he put his mind to it.
In the first couple of years, Dr. Turner didn't pay himself a substantial amount from his business. In fact, he didn't pay himself at all for the first 18 to 20 months. He was working 60 hours a week as an anesthesiologist and putting an additional 20 to 25 hours into his business. He was working more after residency than he did during residency.
Dr. Turner's business initially started as a blog where he wrote three posts a week and sought out sponsors. Over time, it grew into something more. He wrote a couple of books, started a podcast, and even launched a coaching program. His focus was on helping physicians use financial independence to combat burnout and achieve financial wellness.
In February, Dr. Turner took a new step in his entrepreneurial journey by joining a venture capital-backed startup called Attend as a chief medical officer and co-founder. This marked a transition from running his own business to being a part of a larger organization. The growth and success he experienced in his own business led him to this new opportunity.
Learn more about Dr. Jimmy Turner:
Dr. Jimmy Turner is a practicing anesthesiologist, entrepreneur, and life coach for doctors. He is the host of the Money Meets Medicine podcast and the author of the book "Determined: How Burned Out Doctors Can Thrive in a Broken Medical System." Dr. Turner started his journey as a blogger, creating The Physician Philosopher, which eventually grew into a successful business offering courses and coaching to help physicians achieve financial wellness.
He recently became the co-founder and Chief Medical Officer of Attend, a venture capital-backed startup that aims to provide comprehensive financial solutions for medical professionals. Dr. Turner's passion for helping doctors navigate burnout and achieve financial independence has made him a respected figure in the personal finance world.
Find and connect with Dr. Turner on his website.
Looking for something specific? Here you go:
-
00:00:27 Transition from blogger to entrepreneur.
-
00:05:13 Transition from blog to business.
-
00:13:39 Separate personal and business decisions.
-
00:15:49 Importance of coaching in entrepreneurship.
-
00:23:53 Building a trusted financial solution.
-
00:29:29 Importance of disability insurance.
-
00:33:03 Navigating disability insurance is crucial.
-
00:37:36 Importance of listening to children.
This episode is brought to you by…
PearsonRavitz– helping physicians find the right disability insurance for their individual needs.
If you enjoyed the show, find and follow Dr. Disha everywhere else:
The Frugal Physicians Facebook Group
YouTube (Coming Soon!)
-----------
Please note: The content shared on the podcast is for informational purposes only and should not be considered individualized financial advice. It is essential to consult with professionals such as accountants, financial advisors, or attorneys to receive personalized guidance based on your specific needs.