The Freedom Formula for Physicians | How Doctors Cut Debt & Slash Taxes |  Business Of Medicine | Financial Education
S5, Episode 14- The Benefits of Being a “Lien Lord” with Bob Fraser

S5, Episode 14- The Benefits of Being a “Lien Lord” with Bob Fraser

August 7, 2020

In this podcast, we've covered everything in real estate from single family to self storage to multi-family and of course, my favorite, land and now.... being a 'lien lord'.

What the heck does that mean??

I was wondering the same thing when I saw the title.

Our next guest is on a mission to help investors take advantage of one of the most effective and overlooked avenues of real estate investing: residential mortgage notes. As Founder and Principal of Aspen Funds, he has purchased more than 1,000 mortgage notes without the risk and volatility of traditional investing options.

Please help me welcome Mr. Bob Fraser!

In this podcast, you will discover...

  • What Bob learned from dealing with venture capital in Silicon Valley

  • How Bob shifted his career and started this business

  • What the potential downsides are and how often people default
  • Why there are advantages of owning notes and becoming a “lienlord,”

  • How their fund structure is set up to absorb an inevitable recession that will blow and how they will keep chugging along.

Resources Mentioned

Aspen Funds

 

S5, Episode 13- The Transition From Physician to Consultant with Dr. Tom Davis

S5, Episode 13- The Transition From Physician to Consultant with Dr. Tom Davis

July 31, 2020

How do you transition out of medicine? What does that look like?

Welcome back to our monthly fireside chat with a physician to get to know their journey, their joys, and their struggles with finances and outside of finances.

This show is not always about actionable content. It is however a chance for you to see behind the curtains, to walk in another person’s shoes and experience their lives.

Our next guest was kind enough to join me to discuss how CovID19 has impacted the medical practices and systems he consults with as well as to discuss lessons learned from decades as a physician.

After hanging out his shingle in a small town on the Pickney Bend of the Missouri River in 1994, our next guest and his partners leveraged one of the country’s first total-risk Medicare Advantage contracts into a regional health system which they eventually sold for $132m. After four years as an employed physician, he transitioned into a second career of helping patients by helping clinicians improve their personal and profession lives.

Please help me welcome Tom Davis MD FAAFP

In this podcast, you will discover...

How Dr. Davis got started in medicine

- What the transition was like in hanging in shingle to becoming a multi-physician practice to the acquisition by a hospital system

- What Dr. Davis would suggest to physicians today

- How he celebrated the big pay day and what he thinks of financial freedom today!

Resources Mentioned in This Podcast

WoW Health Solutions

S5, Episode 12-  The Guide to Passive Real Estate Investing with Dr Vanessa Peters

S5, Episode 12- The Guide to Passive Real Estate Investing with Dr Vanessa Peters

July 24, 2020

How can a super busy physician find the time and energy to invest into real estate?

Welcome back to our monthly fireside chat with a physician to get to know their journey, their joys, and their struggles with finances and outside of finances.

This show is not always about actionable content. It is however a chance for you to see behind the curtains, to walk in another person’s shoes and experience their lives.

Our next guest was kind enough to join me to discuss how CovID19 has impacted her medical practice and of course we talk about her journey in real estate!

She has a full time busy Family Practice in Escondido, California and serves as the Chief Physician Officer for a physician owned medical group of 84 providers and 12 locations.

She is passionate about building wealth and having her money work hard for her so she can spend time doing things she loves with the people she loves.  After learning about real estate investments such as syndications, she has been passively investing but also founded VMD Investing to help other busy professionals. She enjoys educating and showing them the options available to accredited investors so they are also able to create a passive stream of income and break the time = money equation.

Please help me welcome Dr. Vanessa Peters!

In this podcast, you will discover:

  • How her practice has been impacted by CovID19 and what they are doing to shift
  • What is and what isn't passive real estate investing
  • How she got started in real estate investing and lessons learned along the way
  • What her process is for investing in Syndications and 3 key questions that she asks

Resources Mentioned in This Podcast

The Busy Professional's Guide to Passive Real Estate Investing - A physician's guide to building wealth, creating financial freedom and leaving a legacy.

VMD Investing

S5, Episode 11-  Surviving and Thriving after a Personal Medical Crisis with Dr. Lynn Amores

S5, Episode 11- Surviving and Thriving after a Personal Medical Crisis with Dr. Lynn Amores

July 17, 2020

How can you survive --- physically, mentally, emotionally, and spiritually --- after a personal medical crisis?

Welcome back to our monthly fireside chat with a physician to get to know their journey, their joys, and their struggles with finances and outside of finances.

This show is not always about actionable content. It is however a chance for you to see behind the curtains, to walk in another person’s shoes and experience their lives.

Our next guest was kind enough to join me to discuss how she survived multiple medical maladies and has pivoted what she is doing with her life after going through an incredible crisis.

Please help me welcome Dr. Lynn Amores!

In this podcast, you will discover...

- Her journey into medicine and why she became a physician

- What happened medically that totally changed her life

-  How she has transitioned and what she is doing now

S5, Episode 10- Staying the Course Despite CovID19 with Bo Liu from FutureProof MD

S5, Episode 10- Staying the Course Despite CovID19 with Bo Liu from FutureProof MD

July 14, 2020

Our next guest has been on the podcast--- not 1x, not 2x, now--- 3rd time is the charm!

Welcome back to our monthly fireside chat with a physician to get to know their journey, their joys, and their struggles with finances and outside of finances.

This show is not always about actionable content. It is however a chance for you to see behind the curtains, to walk in another person’s shoes and experience their lives.

Our next guest was kind enough to join me to discuss Covid19 and how it has impacted him. During the 4 years or so we've known one another, he has transitioned from residency to fellowship and now to practice.

I wanted to invite him back because he is a wealth of knowledge and a steady head on his shoulders.

He is currently a practicing radiologist resident in Upstate New York. Throughout his medical education, he’s noticed a surprising lack of personal finance knowledge among young medical professionals, many of whom are extremely bright and talented. Hence, he created a blog, FutureProofMD.com

I can’t wait to get an update from him!

Please help me welcome back Dr. Bo Liu

bo-liu-picture

 

In this podcast, you will discover...

  • His journey from resident to fellow to practicing physician
  • How his thoughts on money have changed (and have not) due to CovID19
  • What he is doing for loan repayment and his plans for the future
  • Why he hasn't bought a house yet and when he will buy a home

shutterstock_118880029

 

Resources Mentioned In This Podcast:

 

 

S5, Episode 9-  How is the Corona Virus Impacting Physician Contracts??? with Jon Appino of Contract Diagnostics

S5, Episode 9- How is the Corona Virus Impacting Physician Contracts??? with Jon Appino of Contract Diagnostics

July 10, 2020

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

We are going to be exploring --- how is the corona virus impacting physicians contracts???

We recorded this episode in late March 2020. So, I'm a few months behind. Things were getting pretty darn bad at the time.

There were lots and lots of questions as to how the corona virus might impact physicians and we explored each of them.

As a matter of fact, this is Jon’s THIRD time on the show. The first two times inspired the contracts section of The Young Physician’s Guide to Money & Life.

Jon is somebody who brings value each and every time he is on the podcast. 

A little background on him...

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 a few hundred bucks with flexible payment plans for Residents and Fellows as they complete their training.

Enjoy the podcast with Jon Appino!

In this podcast, you will…

  • Discover what Jon thinks about how the virus may impact existing physician contracts
  • How the physician marketplace has shifted for residents and fellows
  • What young physicians should be considering and asking for in their contracts
  • Discover what Jon would revisit in existing contracts

Resources Mentioned In This Podcast:

The Young Physician’s Guide to Money & Life.

Contract Diagnostics

Jon Appino- Learn The Pitfalls & Painful Lessons Of Physician Contracts

A Contract Horror Story

The First 5 Commandments of Physician Contracts

S5, Episode 8-  How The Corona Virus Is Impacting Mortgages and Real Estate with Josh Mettle of Physician Financial Success Podcast and Fairway Independent Mortgage

S5, Episode 8- How The Corona Virus Is Impacting Mortgages and Real Estate with Josh Mettle of Physician Financial Success Podcast and Fairway Independent Mortgage

July 7, 2020

Hello my friends, this is Dave Denniston, and welcome back to another episode of Freedom Formula for Physician’s Podcast.  Joining us for this episode is now a fourth-time guest.  He is an author, mortgage lender, specializing in physicians, dentists, CRNAs and PAs, and you’ll hear him on his own podcast from time-to-time, Physician Financial Success Podcast.

We recorded this episode in early March 2020 just as the Corona Virus was beginning to wreak havok. Although, we're a few months past that now--- the principles discussed here are vital to consider during this time. 

Please help me welcome back Josh Mettle.

In this podcast episode you will:

  • Hear about how mortgage interest rates have moved dramatically down and how it may impact you
  • Discover three smart strategies (including one that I am considering) as a reason for refinancing your home
  • How Josh has changed his real estate portfolio and what his most recent move was and why he did it
  • Great golden nuggets of advice for investing in real estate

Resources mentioned in this episode:

Josh Mettle- Real Estate Smashing Failures & Glorious Successes

The Tax Reduction Prescription with Josh Mettle

Josh Mettle- The Pitfalls of Physician Mortgages

Josh Mettle- 2018 Home Buying Update

www.doctorfreedompodcast.com/homevalue

Physician Financial Success Podcast

If you have questions or want to share your story, I’d love to hear from you. Contact me at dave@doctorfreedompodcast.com or on my website
www.doctorfreedompodcast.com.

Remember, make sure to slash your debt, slash your taxes, and live a liberated lifestyle.

S5, Episode 7- 3 Vital Money Lessons from CovID19 (and the Great Recession)

S5, Episode 7- 3 Vital Money Lessons from CovID19 (and the Great Recession)

July 3, 2020

Welcome to my first solo episode of season 5!

In this crazy time where people are hurting and dying, I've taken some time to reflect.

What money lessons have I learned this time? Did I learn my lessons from last time?

How has my attitude about money changed over time?

What would I recommend for others to do?

In this episode, you will discover...

- The 1st big lesson that I feel most everyone could be doing a better job of. I know I didn't have a large enough one of these last time around!

- The 2nd big lesson is something that I implemented several times over and I wish I had gotten started earlier

- The final lesson has to do with time. What I wish I would have done differently this time.

Resources Mentioned

The 10 Most Difficult Years of My Life

My Financial Experiments- Q3 2018

My Financial Experiments- Q2 2018

My Financial Experiments- Q1 2018

My Financial Experiments- Q4 2017

S5, Episode 6-   How to Protect Your Assets from Malpractice Lawsuits with Brian Bradley

S5, Episode 6- How to Protect Your Assets from Malpractice Lawsuits with Brian Bradley

June 30, 2020

You've spent all this time and energy and effort building up your assets and slashing your debt.

Now... how do you protect it?

Our next guest is an expert at it!

Brian T. Bradley, Esq. was selected to the Lawyers of Distinction List Three (3) Years in a row 2018, 2019, & 2020, Super Lawyers Rising Star List 2015, nominated to Americas's Top 100 High Stakes Litigators List, nominated to the 2017 Law Firm 500 Award.

He represents Self-Made Entrepreneurs, Professional Athletes, Business Owners, Medical Doctors, Real Estate Investors, those investing in cashflowing properties, and HNW Families.​

 

In this podcast, you will discover...

- How Brian discovered law (and the not-perfect time that he got out of law school) and pivoted into litigation

- How he made it day-to-day while he was doing pro-bono cases

- What kind of asset protections residents, fellows, and newly practicing physicians should be aware of

- When retirement plans do NOT work for asset protection and how they can be limited in protection

- What the differences are between revocable and irrevocable trusts

- Specific kinds of trusts that are the best for specific states and what you need to know

Resources Mentioned

Asset Protection Services

 

S5, Episode 5-  From Indian Medical Student to US Real Estate Investor with Dr. Harsha Moole of PhysicianEstate

S5, Episode 5- From Indian Medical Student to US Real Estate Investor with Dr. Harsha Moole of PhysicianEstate

June 26, 2020

Our next guest, Dr. Harsha Moole, is an Internal Medicine Physician-Scientist in the US. 

He is the Principal of PhysicianEstate, an online real estate platform directed towards physicians in USA. PhysicianEstate provides free resources (eBooksBlog contentPodcasts) on asset protection, tax strategizing, prevention of medical malpractice litigation, real estate education, and passive income streams. 

In this podcast, you will discover...

- How he grew up in India (and whether it has spicy food or not!)

- What influenced him to become a physician

- What is the MBBS and why do so many Indian physicians have it?

- When Indian medical students have to pay a significant amount of money for MBBS and when they don't

- What he thought of his resident's salary and his first paycheck

- How he would compare Indian families, South American families, and US families

- The real estate website he got started his education on 

- What he thinks is the key to his current success and future success

Resources Mentioned in This Podcast

PhysicianEstate

eBooks

Blog content

Podcasts

www.BiggerPockets.com

 

 

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