In this episode of All Things LOCS, host Dr. Dan Neissany sits down with financial advisor John Askin from Allied Wealth Partners in New Jersey to unpack the crucial intersection of finance and healthcare. John shares his journey from Division I athlete to advisor, revealing how a torn ACL led to his unique niche: serving healthcare professionals. We dive into investing strategies for young clinicians, overcoming massive student debt, preparing clinic owners for retirement, and navigating the noise of financial advice on social media.

Whether you're just starting your healthcare career or running a busy practice, this episode offers actionable financial wisdom tailored to your world.

⏱️ Chapter Markers:

00:00 – Intro to John Askin & the finance-healthcare overlap

01:15 – John’s background: From athlete to advisor

03:40 – Early career struggles and building confidence

05:00 – Discovering a niche in healthcare finance

07:20 – Why healthcare professionals are underserved financially

10:00 – Betting on yourself: Risk-taking in your 20s

13:00 – The importance of time freedom and long-term planning

15:00 – Why your 20s are crucial for investing

17:00 – Managing student debt vs. starting investments

20:00 – Understanding compounding interest

22:00 – Personalized financial planning: Not one-size-fits-all

24:15 – Clinic owners: Common mistakes and missed opportunities

27:00 – Retirement strategy vs. business valuation

29:00 – Planning an exit: Succession before burnout

31:00 – The power of delegation and knowing your strengths

32:00 – Common hurdles with new clients in healthcare

33:30 – Action-oriented clients: A financial advisor’s dream

35:00 – Social media myths and the danger of bad financial advice

37:15 – Why TikTok finance doesn’t fit everyone

39:00 – Vetting credible financial guidance

42:00 – Why specialization matters when choosing an advisor

43:00 – John’s “Financial Plan of Care” explained

46:00 – Implementing change in bite-sized steps

48:00 – Adapting plans for different goals and life stages

49:00 – Ongoing evaluation: Adjusting strategy quarterly

50:00 – Closing thoughts on behavioral finance & personalized strategy

🔗 Connect with Allied Wealth Partners: https://www.alliedwealthpartners.com/#

📅 Book your FREE strategy call now:

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