Episode 23: Creating Wealthy Minded Women Physicians with Dr. Bonnie Koo
The latest BOSS podcast features Bonnie Koo, MD!
We talked about the entrepreneur journey, coaching, the importance of personal development, and of course money!
She is founder of Wealthy Mom, MD and the author of “Defining Wealth for Women (n.): Peace, Purpose, and Plenty of Cash.” Her book is what is missing in financial education - money mindset. Her book challenges money myths that many still think are true. She offers practical steps that allow us to start unraveling some of our thoughts about money. She teaches the opposite what other people think- she offers another way.
She shared the most important lesson there is about money: Your only limitation is your mind.
The problem is that we have been told stories about money that may not even be true. She challenges us to ask- is that really true? What if that myth is not true, and that is what is holding us back?
We often think that making money is trading time for money- that we must work more, see more patients. We can question traditional medicine and consider other paths available. We may have judgments about how we make money (like thinking some job is a “cop out”) that may be holding us back. She challenges the idea that there is a ceiling for how much money you can make.
Money brings up thoughts like corruption and greed. She challenged the idea that money changes who we are. What if money makes you more of who you already are? For example, with more money, you could be more generous.
She challenges the idea that saving is the only way to make money and debt is bad. If you think that debt is bad- you are missing an opportunity to build wealth. By leveraging low interest debt to higher paying investments, you could be making more money over simply saving money.
She works with women who feel like their spending is out of control. Overdesire is often the problem, but she teaches others how to retrain your brain. This is a teachable skill that starts with learning the ability to sit with an uncomfortable feeling
Dr. Bonnie Koo can be found at https://wealthymommd.com/
