Episode 282: 3 Things The Wealthy Teach Their Kids About Money that Most Physicians Don’t!

Dr. Latifat is a physician, money coach, and founder of MoneyFitMD—a platform and podcast created to empower women physicians to rewrite their financial stories, build wealth confidently, and live life on their own terms. With a unique blend of real talk, education, and mindset work, she helps doctors learn the tools to grow wealth without burnout, guilt, or shame.

In this episode, she breaks down the top 3 wealth-building lessons that financially successful people teach their children. She shares deeply personal stories, practical tools, and mindset shifts to help parents—especially women physicians—raise kids who are financially confident, generous with boundaries, and surrounded by supportive networks.

Key Takeaways:

1. Wealth is built through mindset.
2. Generosity needs boundaries.
3. Relationships are a foundational asset.

Timestamps:
18:10 Teaching kids through books and everyday money conversations
20:34 The trap of generosity without boundaries
22:57 What giving with boundaries looks like in real life
23:37 The financial value of relationships and networks
25:43 Building a board of directors for your kids’ future
26:32 Estate planning and legacy decision-makers
28:53 Exposing kids to your financial network intentionally
30:30 How to teach investing principles without overwhelming them

Connect with Dr. Latifat:
☎️ Book A Call: www.moneyfitmd.com/call
💡 Instagram: @moneyfitmd
🔗 LinkedIn: www.linkedin.com/in/dr-latifat-akintade-0137b5200
📩 Email: drlatifat@moneyfitmd.com

Resources Mentioned:
💡 Investing for Kids: How to Save, Invest, and Grow Money: https://a.co/d/iKsIQog
📝 Done with Broke: www.moneyfitmd.com/dwb
👥 Facebook Group: https://www.facebook.com/share/g/164eQz53kD/
💸 Youtube: www.youtube.com/@moneyfitmd

The Power to Choose Live
A 3-Day Book Launch, Celebration & Financial Liberation Experience for Women Physicians
📅 May 1–3, 2025 | Online | 60 mins a day | $0 to attend

Click Here to Secure Your Spot for the 2025 Wealthy You In-Person Gathering.

Ready to explore the transformative power of sabbaticals?
Download the free Sabbatical Guide at Moneyfitmd.com/Sabbatical and embark on a journey to financial freedom and personal growth. Share the link with your fellow physicians and join the movement to normalize taking pauses for a healthier and more fulfilling life.

If you are a Hardworking, Busy Woman physician who wants to get good at money without wasting more time sifting through the internet. This is for you. https://www.moneyfitmd.com/guide

We are social:
Facebook: https://web.facebook.com/MoneyfitMD/
Instagram: https://www.instagram.com/moneyfitmd/
Youtube: youtube.com/@moneyfitmd