This episode is sponsored by: Set For Life

Set for Life Insurance helps doctors safeguard their future with True Own Occupational Disability Insurance. A single injury or illness can change everything, but the best physicians plan ahead. Protect your income and secure your future before life makes the choice for you. Your career deserves protection—act now at https://www.doctorpodcastnetwork.co/setforlife.

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As physicians, our ability to earn is our greatest asset—yet a single injury or illness can derail everything. In this episode, Dr. Mike Woo-Ming sits down with Jamie Fleischner, president and founder of Set for Life Insurance, a company that has guided over 30,000 physicians since 1993. Jamie shares her expertise on disability insurance, focusing on the unique benefits of Guaranteed Standard Issue (GSI) policies that skip medical underwriting and ensure coverage regardless of preexisting conditions.

From the importance of "own occupation" definitions to the pitfalls of relying solely on employer-provided plans, Jamie offers practical advice for physicians at all stages—whether you’re a resident, a mid-career doctor, or transitioning to a new path like private practice or entrepreneurship. She also highlights common misconceptions, red flags to watch for when shopping for policies, and why timing is everything when securing coverage.

Tune in to learn how to protect your income, navigate career shifts, and ensure your financial future, no matter what life throws your way.

Three Actionable Takeaways:

1. Secure Coverage Early – Disability insurance gets more expensive and harder to obtain as you age or develop health issues. Act during training or while you have verifiable W2 income for the best rates and options.

2. Prioritize "Own Occupation" Policies – Ensure your policy covers your specific specialty, so you’re protected even if you pivot to another role or career without losing benefits.

3. Reevaluate Regularly – Life changes like career transitions, income shifts, or paying off debt are key moments to adjust your coverage—don’t set it and forget it.
   
   

   About Guest:

   Jamie Fleischner is the founder and president of Set for Life Insurance, a company dedicated to helping physicians secure disability and life insurance since 1993. With over 30 years of experience, she has worked with more than 30,000 doctors across the country, offering tailored solutions like Guaranteed Standard Issue (GSI) disability insurance. Inspired by her personal experience caring for her mother during a double lung transplant, Jamie is passionate about ensuring physicians protect their income and financial stability.

   • Set for Life Insurance Website: https://www.setforlifeinsurance.com/

   About the Host:

   Through two decades of experience as a physician entrepreneur, Dr. Mike Woo-Ming has built and sold two seven-figure companies in the online marketing and lead software industry. He is also a physician practice owner, currently running multiple successful medical clinics. He founded BootstrapMD, a consultancy firm, to help empower physician entrepreneurs through live events, courses, and coaching. Dr. Mike is also the CEO of Executive Medical, a boutique medical practice specializing in age management, weight loss, and aesthetics. As a co-owner and medical director of several clinics, he helps other doctors transition into business ownership.

   To learn more, read his book, The Positioned Physician: Earn More, Work Smart, Love Medicine Again, available on Amazon.

   • Let’s Connect: Start building your business today. Learn more at: www.bootstrapmd.com

   • Want to start your own podcast?
     Check out Doctor Podcast Network.

This episode is sponsored by: Set For Life
Set for Life Insurance helps doctors safeguard their future with True Own Occupational Disability Insurance. A single injury or illness can change everything, but the best physicians plan ahead. Protect your income and secure your future before life makes the choice for you. Your career deserves protection—act now at https://www.doctorpodcastnetwork.co/setforlife.

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As physicians, our identity is often deeply tied to our profession. What happens when we consider stepping away from clinical practice or transitioning into a new career? In this episode, Dr. Maiysha Clairborne discusses the emotional and psychological hurdles physicians face when leaving or reducing their role in medicine.

Dr. Clairborne, explains how the conditioning from medical training shapes our fears and beliefs. She delves into strategies for overcoming guilt, reprogramming limiting beliefs, and exploring new career paths that align with our values and skills.

Whether you’re considering non-clinical opportunities, entrepreneurship, or just looking for a more balanced work-life dynamic, this episode provides actionable insights for making empowered career choices.

Three Actionable Takeaways:

1. Recognize and Challenge Your Conditioning – Many of the fears associated with career changes stem from deeply ingrained beliefs. Identifying these patterns can help reframe your perspective.

2. Embrace a Growth Mindset – Leaving or altering your medical career does not mean losing your identity. Instead, it’s an opportunity to leverage your skills in new and fulfilling ways.

3. Seek Support and Guidance – Whether through coaching, mentorship, or community groups, surrounding yourself with supportive voices can make transitions smoother and less daunting.

About the Guest:

Dr. Maiysha Clairborne is an integrative medicine physician, internationally known speaker, author & Master Hypnotherapist & Teacher of NLP and Hypnosis. She helps people transform their lives by helping them master their mindset & communication, eliminating fear, self-doubt, & negative emotions that get in the way of their success.

Dr. Maiysha Clairborne’s website:
https://drmaiysha.com/

Dr. Maiysha Clairborne’s Physician Coaches Profile:
https://www.physiciancoaches.com/coaching-category/mind-remapping-academy

About the Host:

Through two decades of experience as a physician entrepreneur, Dr. Mike Woo-Ming has built and sold two seven-figure companies in the online marketing and lead software industry. He is also a physician practice owner, currently running multiple successful medical clinics.

He founded BootstrapMD, a consultancy firm, to help empower physician entrepreneurs through live events, courses, and coaching. Dr. Mike is also the CEO of Executive Medical, a boutique medical practice specializing in age management, weight loss, and aesthetics. As a co-owner and medical director of several clinics, he helps other doctors transition into business ownership.

To learn more, read his book, The Positioned Physician: Earn More, Work Smart, Love Medicine Again, available on Amazon.

Let’s Connect: Start building your business today. Learn more at: www.bootstrapmd.com
Want to start your own podcast?

Check out Doctor Podcast Network

This episode is sponsored by: Set For Life
Set for Life Insurance helps doctors safeguard their future with True Own Occupational Disability Insurance. A single injury or illness can change everything, but the best physicians plan ahead. Protect your income and secure your future before life makes the choice for you. Your career deserves protection—act now at Set for Life Insurance.

________

Many physicians are looking for ways to achieve financial freedom beyond the traditional medical career path. In this episode, Dr. Mike Woo-Ming breaks down the mindset shift required to transition from an employee mindset to a CEO mindset. He explains why physicians must start thinking like business owners, embrace risk, and move beyond trading time for money.

Dr. Mike Woo-Ming shares his personal journey of leaving corporate medicine, starting multiple businesses, and how strategic thinking has allowed him to gain financial independence. He also highlights common obstacles physicians face, including fear of failure and resistance to delegation. This episode is packed with actionable insights for doctors looking to take charge of their financial and professional futures.

Three Actionable Takeaways:

1. Start Thinking Like a CEO Today: Recognize that your career is your business and explore ways to increase revenue beyond patient visits.
2. Stop Trading Time for Money: Identify scalable income opportunities, such as real estate, consulting, or business ownership.
3. Embrace Risk and Make Decisions: Get comfortable making fast, calculated decisions and surround yourself with like-minded entrepreneurs.

Let’s Connect:

Start building your business today. Learn more at: www.bootstrapmd.com
Want to start your own podcast?

Check out Doctor Podcast Network

This episode is sponsored by: Set For Life

Set for Life Insurance helps doctors safeguard their future with True Own Occupational Disability Insurance. A single injury or illness can change everything, but the best physicians plan ahead. Protect your income and secure your future before life makes the choice for you. Your career deserves protection—act now at https://www.doctorpodcastnetwork.co/setforlife

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Many physicians are looking for ways to achieve financial freedom beyond the traditional medical career path. In this episode, Dr. Mike Woo-Ming breaks down the seven essential wealth-building habits that have allowed him and other physicians to build successful businesses, diversify income, and gain control over their time.

Dr. Mike shares his journey—leaving corporate medicine at 34, building and selling businesses, and ultimately creating a life where he works on his own terms. He also discusses the common mistakes physicians make with money and how to develop a wealth-building mindset.

Three Actionable Takeaways:

1. Live Below Your Means: Avoid unnecessary spending and prioritize investing in income-generating assets.

2. Invest in Yourself: Continuously improving your skills, whether through education, mentorship, or networking, will lead to greater financial opportunities.

3. Focus on Revenue-Generating Assets: Instead of chasing multiple income streams simultaneously, concentrate on building one successful income stream before diversifying.
   
   
   

Let’s Connect

Start Building Your Business(es) Today. Learn more here:

https://www.bootstrapmd.com/courses

Learn more at: www.bootstrapmd.com

Want to start your own podcast? Check out Doctor Podcast Network!

https://www.doctorpodcastnetwork.co/join

Set for Life Insurance helps doctors safeguard their future with True Own Occupational Disability Insurance. A single injury or illness can change everything, but the best physicians plan ahead. Protect your income and secure your future before life makes the choice for you. Your career deserves protection—act now at https://www.doctorpodcastnetwork.co/setforlife

_____
Physicians often feel stuck in traditional roles, but there are countless non-clinical and non-traditional career paths available. In this episode, Dr. John Jurica shares his experiences as a hospital CMO, entrepreneur, and consultant. With host Dr. Mike Woo-Ming, Dr. Jurica discusses the growing demand for alternative careers, the mindset shift required to break free from conventional paths, and the rise of remote opportunities post-pandemic.

They explore the top non-traditional careers for physicians today, highlighting how the pandemic accelerated the rise of remote medical jobs. From new graduates to retirees, more physicians are seeking alternative paths, driven by the need for flexibility and control. They discuss the importance of building a scalable, sellable business and the benefits of medical writing, legal consulting, and running a healthcare-related business as viable, rewarding career options.

Three Actionable Takeaways:

1️. Mindset Shift is Key – Leaving traditional medicine requires a shift from employee to entrepreneur. Physicians must embrace business skills and seek mentorship.
2️. Leverage Existing Skills – Careers like medical writing, consulting, and telemedicine allow physicians to use their expertise in new ways without starting from scratch.
3. Build an Asset, Not Just a Job – Physicians who create scalable businesses, like med spas or senior care services, can eventually sell them for significant profit.

Start Building Your Business(es) Today. Learn more here: https://www.bootstrapmd.com/courses

Want to start your own podcast? Check out Doctor Podcast Network! https://www.doctorpodcastnetwork.co/join

This episode features Dr. Mike Woo-Ming and Dr. Anne Truong discussing why doctors should use social media to grow their careers. Traditional ways of getting patients, like newspaper ads and referrals, are becoming less effective. COVID-19 showed the importance of having an online presence. With their expertise, doctors can easily share valuable information and reach more people through platforms like YouTube. This helps build trust, attract patients, and even create new income opportunities. They encourage doctors to start making content and using social media to secure their future.

1. Doctors Need an Online Presence – Traditional ways of attracting patients, like newspaper ads and referrals, are no longer reliable. Social media helps doctors stay visible and reach more people.
   
   

2. Social Media Can Grow Your Practice – Platforms like YouTube and Facebook allow doctors to educate, build trust, and even attract patients from across the country or worldwide.

3. Start Now, Even If It's Not Perfect – Many doctors hesitate because they feel they’re not tech-savvy, but starting with simple content and improving over time is key. The barrier to entry is low, and taking action is the most important step.
   
   

   Let’s Connect

   Start Building Your Business(es) Today. Learn more here: https://www.bootstrapmd.com/courses

   Want to start your own podcast? Check out Doctor Podcast Network! https://www.doctorpodcastnetwork.co/join

Dr. Anne Truong and Dr. Mike Woo-Ming discuss the importance of income diversification for physicians, highlighting how traditional medical careers often lead to burnout due to high workloads and limited fulfillment.

They emphasize the need for doctors to work smarter, not harder. They both share their rigour and transitioning from conventional medicine practice to entrepreneurship. Dr. Anne Troung shares her realization of the value of working on her business rather than in it, by leveraging systems to create sustainable and scalable income streams.

They also stress the importance of investing in oneself, whether through personal development by acquiring new skills like negotiation and marketing, or building revenue-generating assets. Dr. Truong reveals she has 18 income streams, purely derived from her medical expertise, and not stocks nor real estate. They encourage physicians to think beyond clinical work, and leverage their knowledge to create passive income through consulting, speaking or online ventures.

Ultimately, the message is one of empowerment, that doctors don’t have to stay stuck in a cycle of burnout or "golden handcuffs", but to invest in themselves, explore new opportunities and build systems that work for them.

Three Actionable Takeaways

• Work on your business, and NOT in your business. Build systems and processes that allow it to run without your constant involvement. Systems make for sustainability and enhanced efficiency. DON'T trade time for money

• Work smarter, not harder! Think of other ways to leverage your medical expertise and generate income outside the consulting room.

• Self-investment is the highest form of investing. Build yourself to be more valuable by learning skills like marketing, leadership, the art of negotiation, building networks etc.

Let’s Connect

Start Building Your Business(es) Today. Learn more here: https://www.bootstrapmd.com/courses

Want to start your own podcast? Check out Doctor Podcast Network! https://www.doctorpodcastnetwork.co/join