Bonnie Koo

In this episode, Dr. Kim interviews Dr. Bonnie Koo. She is one of the most fascinating women in medicine. She is a dermatologist and certified life coach passionate about helping Type-A, successful women with personal finance strategies.  While facing her own financial struggles after completing her medical degree at Columbia, Bonnie educated herself on how to make her money work for her. Now, she hosts The Wealthy Mom MD Podcast and provides women with the tools they need to create wealth through her workshops and interactive programs.  This interview first aired at our Leverage & Growth Summit. Bonnie was one of our 30 plus Docpreneurs sharing their story to inspire other physicians to leverage their ideas to create passive income.  Are you ready to model successful people and start growing your income streams? Learn more about the free LEVERAGE & GROWTH SUMMIT.  Plan now to join us for our free virtual summit, March 15-19, 2023. 

Connect with the Investor Mama Tribe Looking for ways to boost your income? Check out these resources to help you with your money journey. Bio Bonnie Koo, MD is master certified life coach, physician and founder of Wealthy Mom MD. She is a proud graduate of Barnard College and Columbia University’s College of Physicians & Surgeons. Her mission is to help women create wealth and rewrite history. She is the host of the Wealthy Mom MD Podcast and author of Defining Wealth for Women: (n.) Peace, Purpose, and Plenty of Cash!  Lightning Round 1. What is one fun fact about you that not that many people know? I really love to cook including baking and I’m really good at it and I love entertaining. 2. Who inspires you the most and why? So I’m just gonna pause for a second because I just went to a conference and have a little quick story. Additional Resources https://wealthymommd.com Work with Bonnie Defining Wealth for Women: Peace Purpose and Plenty of Cash by Bonnie Koo, MD Wealthy Mom MD Podcast Connect with Bonnie Instagram Facebook

Connect with the Investor Mama Tribe Looking for ways to boost your income? Check out these resources to help you with your money journey. Bio Bonnie Koo, MD is master certified life coach, physician and founder of Wealthy Mom MD. She is a proud graduate of Barnard College and Columbia University’s College of Physicians & Surgeons. Her mission is to help women create wealth and rewrite history. She is the host of the Wealthy Mom MD Podcast and author of Defining Wealth for Women: (n.) Peace, Purpose, and Plenty of Cash!  Lightning Round 1. What is one fun fact about you that not that many people know? I really love to cook including baking and I’m really good at it and I love entertaining. 2. Who inspires you the most and why? So I’m just gonna pause for a second because I just went to a conference and have a little quick story. Someone asked this question at my coaching conference where I got certified. Who’s someone you admire and inspire and he gave us 30 seconds to think of it. He asked how many of you said it was you? Of course, no one did.  Everyone’s like, whoa. So I prefaced that because I don’t automatically think of myself, but I’m trying to intentionally appreciate and admire myself not in an arrogant way like I’m better than you, but why wouldn’t I choose to be inspired by myself? That’s something I’m working on. 3. What books are you reading now or have read and loved that you’d recommend? Atlas of the Heart: Mapping Meaningful Connection and the Language of Human Experience by Brené Brown The Antiracist Business Book: An Equity Centered Approach to Work, Wealth, and Leadership by Trudi Lebron and Arlan Hamliton 4. What is one actionable tip or piece of advice that you can tell our moms out there to help them on their financial independence journey? I really think the first tip is to allow yourself to believe that you can do it, whatever it is for you  just allow yourself to believe it and allow yourself to want it without guilt. Additional Resources https://wealthymommd.com Work with Bonnie Defining Wealth for Women: Peace Purpose and Plenty of Cash by Bonnie Koo, MD Wealthy Mom MD Podcast I Will Teach You To Be Rich by Ramit Sethi Episode #56: How this Mom of 5 Earns Passive Income Through Real Estate with Camilla Jeffs from Steady Stream Investments Loose 100lbs with Corrine Crabtree Connect with Bonnie Instagram Facebook

@wealthymommd https://wealthymommd.com https://wealthymommd.com/defining-wealth-for-women/ Bonnie Koo, MD is a certified life coach, physician, and founder of Wealthy Mom MD. Bonnie shares her journey to becoming a dermatologist and how she learned about money from her male colleagues. She dived into her financial education like she has most things and soon realized that her female colleagues lacked this knowledge. This led to her helping other women physicians gain the knowledge and mindset they needed to take control of their finances and build wealth. Between being a writer, blogger, podcaster AND dermatologist, Bonnie is impacting the world with her new book and book club: Defining Wealth for Women. Peace, Purpose and Plenty of Cash! https://bit.ly/345v9NM BOOK CLUB: chance for women to gather to talk about money, with coaching. Community building, women only- great way for women who are confused about what to do to not feel alone.  What you think about wealth will determine how wealthy you become The story you make up about your debt is what creates anxiety Paying off your debt quickly may NOT be the best financial decision  In order to get rich you have to buy and grow income producing assets (real estate) Having a lot of $ is really fun, and it’s pretty empty and meaningless without PURPOSE There are 4 steps to create wealth inside of Money for Women Physicians: # 1 Know Your Mind Before we ever get into the nuts and bolts of personal finance, we’ll get to the root cause of your financial woes: your money mindset. You’ll learn how our brains are wired right out of the box and why that programming isn’t designed to create wealth. You’ll learn a shocking truth: the way you think about money affects how much money you have. # 2 Know Your Money You’ll learn what money really is and learn the truth about creating wealth (Hint: it’s not paying off debt) and get your money in order for Step #3.  # 3 Buy & Grow Assets The secret to creating wealth is to buy and grow assets. This is how you make money while you sleep (instead of trading time for money). # 4 Manage Your Mind & Money The key to being successful with Step #3 is to manage your mind around fear, self-doubt and taking risks. It’s about cultivating self-trust and resiliency.  BONNIE’S Rx  and PUTTING IT ALL TOGETHER:  KNOW YOUR MIND KNOW YOUR MONEY Start making decisions to buy and grow assets Managing your mind during this time of flux and growth  Coaching can give you the tools to rewire your brain END GAME: MORE MONEY, LESS STRESS,  FEELING CONFIDENT THAT YOUR FUTURE IS POSSIBLE AND AVAILABLE TO YOU

Join us in this episode where we are joined by the founder and CEO of Wealthy Mom MD. We discuss entrepreneurship, community, mindsets, pivots, and her recent book Defining Wealth for Women: Peace, Purpose, and Plenty of Cash.Dr. Bonnie Koo, MD is the founder and CEO of Wealthy Mom MD and teaches female physician entrepreneurs how to create abundance and wealth in their mindsets, lives, families, and finances. She is the author of Defining Wealth for Women: Peace, Purpose, and Plenty of Cash. Find her online: https://wealthymommd.com/about-bonnie/Please take a moment to check out this week's sponsor, CityVest: https://bit.ly/37AOgkp

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/

Marriage and money. Opinions on these two topics certainly run the gamut. But whether you’re currently married, planning to get married, or marriage is the furthest thing from your mind, women’s relationship to money can be a tricky thing to unpack. And there’s good reason for this: the patriarchy has had its hands in women’s relationship to money since humans have roamed the earth. So, how do we begin to understand some of the thoughts we’ve long held when it comes to money, and shift them if we want to? Tune in to this week’s episode as board-certified dermatologist and wealth coach Dr. Bonnie Koo and I take a look at prenups, the twofold reason women tend to make less money than men, the importance of contracts in marriage and money, and more. Get full show notes and more information here: https://unfuckyourbrain.com/235

Do you tell yourself that you are not good with money or you don't know how to make a lot of money? Bonnie is a successful business coach who earned more than $300K in the past year. She is the author of Defining Wealth for Women: Peace, Purpose, and Plenty of Cash! In this episode, Bonnie explains why women are uncomfortable with money and how wealth is truly available to everyone. Let's dive in! Learn more about Bonnie Koo and her work: Wealthymommd.com @wealthymommd on IG Wealthy Mom MD podcast Defining Wealth for Women (book)

We’re excited to introduce our newest friend, Bonnie Koo, MD. Bonnie is a certified life coach, physician, and founder of Wealthy Mom MD. Bonnie shares her journey to becoming a dermatologist and how she learned about money from her male colleagues. She dived into her financial education like she has most things and soon realized that her female colleagues lacked this knowledge. This led to her helping other women physicians gain the knowledge and mindset they needed to take control of their finances and build wealth. Between being a writer, blogger, podcaster AND dermatologist, Bonnie is impacting the world with her new book and book club: Defining Wealth for Women. Peace, Purpose and Plenty of Cash! Join Defining Wealth for Women LIVE event, a virtual book club with live coaching from Bonnie. Learn more at https://wealthymommd.com. Connect with Bonnie on all social channels @wealthlymommd Get your copy Defining Wealth for Women: https://bit.ly/345v9NM

From the outside, you have it all: the advanced degree and fulfilling career, the loving family, and the nice home. Inside, it’s a different story. Student loans and credit card debts still follow ... The post Defining Wealth for Women: Bonnie Koo, MD appeared first on Author Hour.