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 overlap01:15 – John’s background: From athlete to advisor03:40 – Early career struggles and building confidence05:00 – Discovering a niche in healthcare finance07:20 – Why healthcare professionals are underserved financially10:00 – Betting on yourself: Risk-taking in your 20s13:00 – The importance of time freedom and long-term planning15:00 – Why your 20s are crucial for investing17:00 – Managing student debt vs. starting investments20:00 – Understanding compounding interest22:00 – Personalized financial planning: Not one-size-fits-all24:15 – Clinic owners: Common mistakes and missed opportunities27:00 – Retirement strategy vs. business valuation29:00 – Planning an exit: Succession before burnout31:00 – The power of delegation and knowing your strengths32:00 – Common hurdles with new clients in healthcare33:30 – Action-oriented clients: A financial advisor’s dream35:00 – Social media myths and the danger of bad financial advice37:15 – Why TikTok finance doesn’t fit everyone39:00 – Vetting credible financial guidance42:00 – Why specialization matters when choosing an advisor43:00 – John’s “Financial Plan of Care” explained46:00 – Implementing change in bite-sized steps48:00 – Adapting plans for different goals and life stages49:00 – Ongoing evaluation: Adjusting strategy quarterly50:00 – Closing thoughts on behavioral finance & personalized strategy

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

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