Episode 303: 3 Money Traps First Gen Wealth Builders Face

Dr. Latifat is the author of the Amazon bestselling books Done With Broke: The Woman Physician’s Guide to More Money and Less Hustle and The Power to Choose: The Woman Physician’s Guide to Financial Liberation and Life on Your Terms. She is also the founder of MoneyFitMD, a financial empowerment platform designed to help women physicians achieve financial independence without sacrificing their well-being.

In this episode, she dives into the unique struggles faced by first-generation wealth builders. She shares how inherited money mindsets, hidden limitations, and cultural expectations can hold physicians back and offers practical insights to shift those patterns so you can build wealth without burnout.

Key Takeaways:

1. Learn how to effectively communicate your financial boundaries.
2. Financial insecurities can cause you to hoard money.
3. Investments are the fastest route to financial freedom,

Timestamps:
01:15 Struggles unique to first-generation wealth builders
03:42 Why income alone doesn’t solve money problems
06:10 The hidden limitations holding women physicians back
08:55 How money mindsets fuel burnout
12:30 Why breaking generational cycles matters
15:44 Building wealth with confidence and legacy in mind
18:20 The role of intentionality in financial freedom
21:05 Shifting your mindset around money struggles
24:10 Creating wealth without sacrificing joy

You’re making six or even seven figures—and still asking, “Where did all my money go?” The problem isn’t your income—it’s that you haven’t learned how to have money left.

The Money Left Over program gives women physicians the tools to uncover 4–5 figures in extra monthly cash and finally let your money start working for you.

👉 Go to moneyfitmd.com/moneyleftover now and find out how.

You’re earning more than ever—but somehow, there’s still nothing left at the end of the month. The problem isn’t your income—it’s your money habits. The Money Left Over program helps women physicians uncover thousands in hidden cash flow and start keeping more of what they earn.

👉 Visit moneyfitmd.com/moneyleftover to learn how.

You’re making six or even seven figures—and still asking, “Where did all my money go?” The Money Left Over program gives women physicians the tools to uncover 4–5 figures in extra monthly cash and finally let your money start working for you.

👉 Click here to find out how.

Connect with Dr. Latifat:
💡 Instagram
👥 Facebook Group
🔗 LinkedIn
📩 Email
☎️ Book a Complimentary Call
💸 Youtube

Free Resources for Women Physicians
🧳 Sabbatical Guide (Free Download)
🧠 Financial Starter Guide
💸 Money School for Women Physicians
🧬 Financial Personality Quiz

Books & Programs
🔑 The Power to Choose by Dr. Latifat
📘 Done with Broke (Amazon)