The Freedom Formula for Physicians | How Doctors Cut Debt & Slash Taxes |  Business Of Medicine | Financial Education
S1, Episode 15- Dave Sounds Off-Get Out of Debt! Which Loans Should You Pay off First?

S1, Episode 15- Dave Sounds Off-Get Out of Debt! Which Loans Should You Pay off First?

April 19, 2019

He discusses three important ingredients to the recipe to become debt free.

Make sure to check it out and let us know your thoughts!

debt help

What debt strategies are you applying and why?

Resources Mentioned

The Freedom Formula for Physicians

9 Insane (But True) Things About PSLF

How IBR and PER Can Help You Win The Game of Thrones

How SoFi Can Slash Your Interest

DRB- Simple and Easy Debt Refinancing for Residents & Fellows

Why LinkCapital Is the Secret Ingredient to Destroying Your Debt

 

For all the show notes, transcription and more, check out the podcast website at www.doctorfreedsompodcast.com

[Throwback] S1, Episode 14-3 Key Tax Strategies & Hints

[Throwback] S1, Episode 14-3 Key Tax Strategies & Hints

April 12, 2019

In this latest podcast, Dave sounds off on 3 little known tax strategies that many physicians neglect and forget to remember.

- The first strategy involves how a physicians can get up to $500,000 tax free (Hint: you must be married or this gets cut in half)!

- The second strategy shows a critical strategy that many physicians get caught unaware with a big tax bill when instead it should be a small tax bill that could easily be fixed!

- The third strategy is the forgotten strategies that can easily lead to tax savings of $8,000 to $10,000 EVERY year.

 

For all the show notes, transcription and more, check out the podcast website at www.doctorfreedsompodcast.com

S1, Episode 13-Dan Pilla How To Conquer & Solve Problems With the IRS

S1, Episode 13-Dan Pilla How To Conquer & Solve Problems With the IRS

April 5, 2019

Welcome to Tax Reduction & Freedom Month and my latest episode on The Freedom Formula for Physicians Podcast.

This month we are talking a lot about taxes and what physicians can do to tackle tough tax issues.

Dealing with the IRS can royally suck and that's why I invited IRS expert, Dan Pilla, to join us.

In this podcast, we reveal:

- Learn how a high school student stopped the IRS from seizing his parents home by suing them

- How the IRS is shifting money around & the truth of their priorities

- Discover the shocking truth behind IRS notices & the crazy amount of errors that occur (Hint: The IRS acknowledges these in their own report to congress!)

- How physicians become targets of tax scams & schemes & what you can do about it

- Learn what your "Master File" is & how you can get a copy

For all the show notes, transcription and more, check out the podcast website at www.doctorfreedsompodcast.com

S1, Episode 12-Mark Forman CPA- Learn How to Grow a Thriving Practice

S1, Episode 12-Mark Forman CPA- Learn How to Grow a Thriving Practice

March 29, 2019

Welcome to Tax Reduction & Freedom Month and my latest episode on The Freedom Formula for Physicians Podcast.

This month we are talking a lot about taxes and what physicians can do to both growth their practices and tackle tough tax issues.

Of course before you have any major tax issues, you need to be making a lot of dough!
That’s why I thought I’d bring a special guest to the podcast, Mark Foreman, CPA.

Mark is one of our CPA partners with Foreman & Airhart. He has specialized in small businesses- particularly white coats like doctors and dentists.

In this podcast, it is revealed how to:

- Learn 3 Awesome Financial & Marketing Tools That Both Mark & Dave Utilize In Their Businesses

- Discover How To Focus On Your Ideal Patient & Create Their Avatar

-Discover The Problem Mark Had With A Recent Client's Partnership Capital Account

- How Mark Would Analyze & Interview Potential Members of Your Board of Directors (Plus: The Resource You Need To Know To Do A Background Check Of Your CPA!)

For all the show notes, transcription and more, check out the podcast website at www.doctorfreedsompodcast.com

[Throwback] S1, Episode 11-Dave Sounds Off- The IRS Problem Solver

[Throwback] S1, Episode 11-Dave Sounds Off- The IRS Problem Solver

March 22, 2019

In this podcast, Dave Denniston, CFA talks about a book he recently read up on, The IRS Problem Solver by Daniel Pilla.

He reveals 3 key lessons from the book which covers the following topics on taxes for doctors:

- Receiving a scary collection notice from the IRS and how physicians should reply if they receive one

- How to AVOID and deal with an onerous tax audit

- The burden of a tax debt of a current or former spouse

- Being in danger of having your property seized

Check it out and let Dave know what you think! Also, what book would you like Dave to check out next?

 

For all the show notes, transcription and more, check out the podcast website at www.doctorfreedsompodcast.com

[Throwback] S1, Episode 10- Josh Mettle- Real Estate Smashing Failures & Glorious Successes [Physician Financial Success Podcast and Fairway Independent Mortgage]

[Throwback] S1, Episode 10- Josh Mettle- Real Estate Smashing Failures & Glorious Successes [Physician Financial Success Podcast and Fairway Independent Mortgage]

March 15, 2019

In this podcast, Dave Denniston interviews real estate expert & author Josh Mettle.

It really hit me the other day, that I have never addressed a really important aspect that many physicians are interested in.... real estate.

About a year ago, I had my friend Josh Mettle on a google hangout and we talked about Physician mortgages. Josh is the author of Why Physician Home Loans Fail.

What if you want to invest in real estate? We know over the years that real estate has had its ups and downs, but overall has created billions of dollars of wealth for many many people. Josh has been investing in real estate for years and years, his folks did it and taught him the ropes and  hasseen a lot of the glorious successes and smashing failures in real estate.

In this podcast, Josh reveals:

- Learn the 3 critical laws that Josh follows when investing in real estate

- Find out what his 'pregnant wife' rule is & how it applies to you

- Learn the minimum return Josh requires & his personal formula for success in investing in real estate

- Understand why "cap rates" suck & what Josh uses instead

For the whole transcript and all the show notes, visit our website at:

http://doctorfreedompodcast.com/josh-mettle-real-estate-smashing-failures-glorious-successes/

 

[Throwback] S1, Episode 9- Alex Macielak with DRB- NEW Simple & Easy Debt Refinancing for Residents & Fellows

[Throwback] S1, Episode 9- Alex Macielak with DRB- NEW Simple & Easy Debt Refinancing for Residents & Fellows

March 8, 2019

Welcome to my latest episode of The Freedom Formula for Physicians Podcast.

As many of you know who read the Freedom Formula for Physicians, I have a passion for reducing, eliminating, and destroying debt.

When the banks were thrown into the pits in the depths of the debt crisis, we’ve seen a tremendous change in the way student loans have operated and now with DRB, even residents and fellows could refinance their debts!

Today, I have the pleasure of hosting Alex Macielak from DRB on the podcast.

In this podcast, we reveal:

- Learn about the NEW ground-breaking HUGE interest rate reduction plan for residents & fellows

- How they are mirroring IBR & PER to keep monthly payments cheap while in residency/fellowship

- Why DRB often comes cheaper than their competitors & how you can see that for yourself AT NO COST whether you are brand new to DRB or are already with them

Check out the transcript and all the resources at www.doctorfreedompodcast.com

 

[Throwback] S1, Episode 8- Jon Appino- Learn The Pitfalls & Painful Lessons Of Physician Contracts [Contract Diagnostics]

[Throwback] S1, Episode 8- Jon Appino- Learn The Pitfalls & Painful Lessons Of Physician Contracts [Contract Diagnostics]

March 1, 2019

Today, we are going to focus on physician employment contracts and chat with Jon Appino, the CEO of Contract Diagnostics.

Jon obtained his BS in Biology and Chemistry with a Pre-med focus. After deciding on a business career over medicine, he has spent the past 15+ years working in various sized companies and start-ups in the healthcare field. He completed his MBA in 2004 and launched his most recent company, Contract Diagnostics, in 2011. He is passionate about the education of Physicians with regards to the non-clinical (business) aspects of medicine.

What I think is pretty neat about this company is that Contract Diagnostics offers a wide range of review packages with price points starting at only $200 with flexible payment plans for Residents and Fellows as they complete their training.

This interview reveals the following:

-  The Best Free Tool Online To Understand Contracts (Hint: Jon had nothing to do with it)

- How a Female Physician Got Screwed with Crappy Tail Coverage (and what you can do to make sure this isn't you!)

- Learn the 3 worst contract & financial pitfalls for doctors

- Check Out Their Awesome Pricing & how they keep costs reasonable for residents & fellows

For all the show notes, transcript, and loads of free stuff, visit the podcast website at:

http://doctorfreedompodcast.com/jon-appino-learn-the-pitfalls-painful-lessons-of-physician-contracts/

 

[Throwback] S1, Episode 7- Danielle Ofri, MD- Critical Thoughts on Cost Reduction for Medicine and How to Become a Physician-Writer- [DanielleOfri.com]

[Throwback] S1, Episode 7- Danielle Ofri, MD- Critical Thoughts on Cost Reduction for Medicine and How to Become a Physician-Writer- [DanielleOfri.com]

February 22, 2019

This podcast features an interview with Dr. Danielle Ofri, MD.

I’ve been working on networking with other authors and experts who can speak to the issues that physicians face every day.

For example, what can we do to make primary care more attractive? How can we lower the debt load that many medical students face?

That’s why I thought I’d bring a special guest to the podcast, Dr. Danielle Ofri, MD, PhD.

Dr. Ofri is a physician at Bellevue Hospital, the oldest public hospital in country. She writes about medicine and the doctor-patient connection for the New York Times, and other publications. Her lectures to medical and general audiences are renowned for her use of dramatic stories (and avoidance of PowerPoint).

This interview reveals the following:

–  Learn about the amazing path of a combined PhD & MD program (& why Dr. Ofri decided to focus on one of these paths)

– Check out her views on the waste within the healthcare system & the one idea that could save our healthcare system billions of dollars!

– Her secrets of engaging articles & blogs & what kind of opportunities to look for

– Her key advice on how to become an awesome writer and what she did before she ever wrote a book

For the show notes, a full transcript, and tons of free resources, visit the podcast webpage at:

http://doctorfreedompodcast.com/dr-danielle-ofri-md-critical-thoughts-on-cost-reduction-for-medicine-and-how-to-become-a-physician-writer/

 

[Throwback] S1, Episode 6- Dr. Pamela Wible, MD- How to Break Free of the Machine [IdealMedicalCare.org]

[Throwback] S1, Episode 6- Dr. Pamela Wible, MD- How to Break Free of the Machine [IdealMedicalCare.org]

February 15, 2019

In this best of throwback episode, we explore one of my very first [and best] podcast interviews in 2015. 

For the show notes, loads of resources, and tons of free stuff, visit the podcast website at www.doctorfreedompodcast.com

Back in 2015, I was working on networking with other authors and experts who can speak to the issues that physicians face every day.

For example, what can physicians do to become financially free and truly enjoy their job? How can they look forward to going to work every day? 

That’s why I thought I’d bring a special guest to the podcast, Dr. Pamela Wible.

Pamela Wible, MD, is a family physician and pioneer in the ideal medical care movement. In 2004, Dr. Wible left assembly-line medicine and held town hall meetings where she invited citizens to design their own ideal clinic. Open since 2005,  Dr. Wible’s innovative practice has inspired physicians to create ideal clinics nationwide.

This interview reveals the following:

– How she started up & maintains a simple, yet highly profitable (90%!) margin practice

– The secrets to systematizing & automating a practice (Including revealing the billing tool she uses)

– What critical skills doctors miss in their training (Hint: they do this every day)

– How much money doctors should spend on advertising when they own their own practice

– When physicians should go to counseling to maintain their sanity & inner peace (and who they shouldn’t go to)