Rehab Your Finances
Healthcare and education professionals spend their careers caring for others—often at the expense of their own financial clarity and security. At some point, many of us quietly wonder, “Who’s taking care of me?”
Hosted by Mike Powers, physical therapist and full-time educator, this podcast examines personal finance through the shared culture, constraints, and values of healthcare and education. Like good clinical care and effective teaching, personal finance lives at the intersection of evidence, judgment, and human behavior. Each episode helps you place data and strategy within the context of your goals, priorities, and psychology—so you can move forward with confidence and intention.
Episodes
14 episodes
Mike and Sylvia Talk Money
In this episode, fellow physical therapist and educator Dr. Sylvia Son joins Mike to share her personal finance journey. They discuss the importance of getting started with investing, that investing is not gambling, the impact of money scripts ...
Season 1 Recap
In this episode, Mike recaps the key insights from season one of Rehab your Finances. He explores the interplay between money mindset and numbers, highlighting how both play key roles in financial wellness. Mike emphasizes how the benefits of o...
Caregiving Considerations
In this episode, Mike examines the impact of caregiving on finances. After outlining income and job growth data for physical therapists, nurses, and educators, he outlines key factors impacting job satisfaction and burnout among these caregivin...
Money Scripts
In this episode, Mike discusses money scripts - our hidden and often subconscious beliefs and stories we tell ourselves about money. He explores the impact of these scripts on our financial wellness, highlighting scripts which are correlated wi...
Deconstructing Retirement
In this episode, Mike questions whether the "magic" number for retirement is truly $1.46 million, as suggested in a recent Northwestern Mutual Planning and Progress survey. He outlines how to project your retirement needs by first determining y...
The Magic of Compounding
In this episode, Mike demonstrates how annual returns and time spent invested interact to produce unbelievable results which seem like magic. He peels back the curtain on the magic of compounding, including an in-depth discussion of how to make...
Stocks, Bonds, and Cash
In this episode, Mike discusses how investment types can be considered across the categories of equities, fixed-income, and cash. He breaks down the general risk and return of each investment type, including how risk and return can be considere...
Investment Accounts
In this episode, Mike compares types of investment accounts including tax-deferred, tax-exempt, and taxable. He discusses key features of each, including tax benefits, contribution limits, and age restrictions on accessing invested money. As ea...
Order of Operations
In this episode, Mike outlines the order of operations in personal finance. He emphasizes the importance of building a strong financial foundation by building up an emergency fund, getting the company match, and eliminating high-interest debt. ...
Know Your Numbers, Part 2: Net Worth
In this episode, Mike focuses on understanding net worth and its impact on financial health. He explores the relationship between income, savings rate, and net worth, providing a data-driven approach to improving your financial health. He highl...
Know Your Numbers, Part 1: 50/30/20 Method
In this episode, Mike discusses the 50/30/20 method for personal finance. He emphasizes the importance of knowing your numbers (what gets measured gets managed), how to approach allocating income to essentials, wants, and savings, and how to ad...
The Case for Cognitive Optimism
In this updated release of episode 2, Mike makes the case for what he calls "cognitive optimism" - optimism grounded in data and informed by your unique perspective and values. If you can resist the lure of pessimism and the tendency toward neg...
