• Skip to primary navigation
  • Skip to main content
  • Skip to footer

Wrenne Financial

Schedule an introductory call For clients

  • YOUR EXPERIENCE
    • Our Services
    • Our Process
  • Fees
  • Case studies
    • Meet the Vamadevans – In Practice
    • Meet the Maxwells
      – In Training
    • Meet the Schmitts
      – In Transition
  • Our Team
  • FAQs
  • Blog
Featured Image Mo Money Mo Problems

May 13, 2021 by Finance for Physicians

Mo Money, Mo Problems

Do you remember the late Notorious B.I.G.’s song, Mo Money Mo Problems? Physicians can probably relate to it. On the flip side, some people believe that having more money makes you benefit from fewer problems.    

In this episode of the Finance For Physicians Podcast, Daniel Wrenne talks to Jeff Wenger, a Certified Financial Planner (CFP®), about how making more money often leads to more problems.

Topics Discussed:

  • Does money make you happy? Depends on how you define problems
  • $1 or $1 Million: More money makes simple things complex choices, decisions
  • More assets means more checking, savings, credit card accounts go unclaimed
  • Temptation: Easy to add something, but more painful to take something away
  • What happens to your money? Be responsible and organized; not out of control
  • Perceived Target: Doctors are rich, even residents with $400,000 in student loans 
  • Moral of the Story: Use money to improve and have less problems, happier life
  • Slippery Slopes: Choose wisely between buying nice things or being generous 
  • Time: More money can buy time to prioritize and outsource tasks, responsibilities

Links:

Jeff Wenger on LinkedIn

Finance For Physicians

Share this post:
  • Facebook
  • Pinterest
  • Twitter
  • Linkedin

Reach out to us

admin@wrennefinancial.com

859-538-6044

Follow us dashicons-facebook-alt dashicons-linkedin

996 E New Circle Rd, Unit #270
Lexington, KY 40505

Doctors, do you know your financial vitals?

Enroll in our vitals check series to begin uncovering what yours are today.

Privacy Policy  |  Web Accessibility  |  Site Map  |  Form CRS  |  Disclosures

Copyright © 2025 Wrenne Financial. All rights reserved. Designed by Tinyfrog Technologies.

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Wrenne Financial Planning LLC (“WFP”) is a registered investment adviser with the U.S. Securities and Exchange Commission. Registration does not imply a certain level of skill or training. All written content on this site is for information purposes only. Opinions expressed herein are solely those of WFP, unless otherwise specifically cited. Material presented is believed to be from reliable sources and no representations are made by our firm as to another parties’ informational accuracy or completeness. All information or ideas provided should be discussed in detail with an advisor, accountant or legal counsel prior to implementation.