S4, Episode 29: The Wealth Formula with Buck Joffrey

July 13, 2018

Our next guest is a surgeon turned serial entrepreneur, asset manager, and podcaster. He finished his surgical training in
2008. Since then, he has started multiple seven and eight-figure businesses and has amassed a substantial portfolio of investments
in the real estate, energy, internet, and health sectors. He is also a financial educator. He is the host of the Wealth Formula
Podcast and international #1 best selling author of 7 Secrets of Eternal Wealth. His mission is to provide financial education for
high paid professionals.

His name? Buck Joffrey, MD

In this physician fireside chat, we are going to explore his journey, his struggles with finances and outside of finances.

Now, I must tell you ahead of time- WARNING- he is very opinionated about the streams of income and is VERY against the piles of cash mindset.

As a matter of fact, he was kind enough to host me on his podcast which you can find here.

However, this podcast isn't about me-- it's about his journey.

For all the show notes, transcription and more, check out the podcast website at http://doctorfreedompodcast.com/

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S4, Episode 28: Another Perspective on Land Flipping with Seth Williams, The RE Tipster

July 6, 2018

More than a few times, you may have heard about my latest adventures in land flipping, but don't take my word for it...

In this podcast, I welcome the one and only RE Tipster aka Seth Williams.

This ruggedly handsome fella has been in the biz of real estate and land flipping over the last decade and his approach is in some ways very similar to mine, but also has some very stark contrasts.

What I love about his content is that it is raw and real. He provides TONS of content on the do's and don'ts of land flipping and real estate in general. He isn't afraid to tell us about how hard it is to work this business---- especially when you get started out.

He has countless blog posts that help guide us and direct us on how to get there.

Needless to say, I was very geeked out and honored to spend some time with him chatting about flippin' dirt.

 

In this podcast, you will discover...

  • How he got into the land investing business during the 2008 crash
  • Where he first invested in land and why he started there (Hint: It was a capital problem)
  • Why his advice is "the best deals are the ones you don't do"
  • How much he invested and made in his first deal
  • Find out what list that he started with (and what he avoided)
  • What response rate he gets on average 

 

Resources Mentioned In This Podcast:

Seth's Website--- RETipster.com

Seth's Podcast--- RETipster

Rich Dad, Poor Dad by Robert Kiyosaki

My Q1 2018 Quarterly Update

 

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S4, Episode 27: Top 5 Podcasts of 2017- #1 The Tax Deductions I Didn’t Know [With Craig Cody]

June 29, 2018

This June we are focusing our attention on the Top 5 Podcasts that we had in 2017. They are a great mix of topics from real estate, taxes, and the ever popular side hustle.

Here are the notes and resources from this MOST popular episode EVER:

 

Have you been wondering- how the heck can I pay less in taxes?

If you have been grappling with this question or if you are simply curious about taxes, you are going to love our next guest.

Our next guest’s expertise lies in the area of tax planning. His goal is to make sure doctors like you across the United States are paying the least amount of income tax they can legally pay.

He is a Certified Tax Coach, CPA, Business Owner and Former New York City Police Officer with 17 years experience on the Force

As a Certified Tax Coach, he belongs to a select group of tax practitioners throughout the country who undergo extensive training and continued education on various tax planning techniques and strategies to become, as well as remain, certified. With this organization, he has co-authored an Amazon best seller book, Secrets of a Tax-Free Life.

As a matter of fact, I ran across him because he was recommended by a listener of the podcast.

I know we’re going to learn a ton today.

Please help me welcome Craig Cody.

In this podcast, you will...

  • Learn what the difference is between a tax planner and tax preparer
  • Discover what to expect with proactive tax planning
  • How hiring your spouse can avoid 1099 & W-2 income (Hint: This is NOT a HSA & is not available to some companies)
  • Learn what qualifies for this incredible tax deduction and what is 'reasonable'
  • How Craig hired his kids to get a tax deduction for their tuition & what you shouldn't do (but you can still avoid FICA taxes)
  • Discover a very creative tax deduction that involves a pool (Yes, the one you swim in!)
  • Learn where to draw a red line on a 'hobby' business
  • Discover why electing late may be a good idea. Find out how.
  • How gifting & leasing can be an amazing tax deduction

Resources Mentioned In This Podcast:

Craig's Profile On LinkedIn

A Resource from Craig for You

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S4, Episode 26: Top 5 Podcasts of 2017- #2 The Top 5 Podcasts for Doctors in 2017

June 22, 2018

This June we are focusing our attention on the Top 5 Podcasts that we had in 2017. They are a great mix of topics from real estate, taxes, and the ever popular side hustle.

In this podcast, Dave Denniston talks about the Top 5 Podcasts for Physicians.

In this podcast you will:

  • The first podcast learn about Nii Darko and how he has taken his tough lessons and are helping other doctors not make the same mistakes.
  • The second podcast you will discover resources to help with digital entrepreneurship
  • The third podcast you will gain many resources that will help female doctors with finances and life balance
  • The fourth podcast learn how he buys and resells practices for profit
  • The fifth podcast you will acquire numerous resources that will benefit medical students and practicing physicians

For all the show notes, transcription and more, check out the podcast website at http://doctorfreedompodcast.com/

 

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S4, Episode 25: Top 5 Podcasts of 2017- #3 How To Acquire a Private Practice and Real Estate In One Easy Transaction (And The Pitfalls to Avoid)

June 15, 2018

This June we are focusing our attention on the Top 5 Podcasts that we had in 2017. They are a great mix of topics from real estate, taxes, and the ever popular side hustle.

Here are the notes and resources from this episode:

 

In this podcasts, we’ve interviewed experts of all kinds- debt, burnout, real estate, and taxes.

I thought, hey it’s about time we found a tax guy again and so, I go out there and do a search.

That’s where I found our next guest. He is a CPA and he is the co-host of a podcast- however, he doesn’t prepare personal taxes.

He is a comedian on the side- a comedian and a CPA, talk about complete opposites, right? He’s shared the stage with Weird Al, Christ Kattan, and Rob Schneider to name a few.

Anyhow, like I said he doesn’t prepare personal taxes- instead he is a controller and general manager of some medical office buildings.

What’s so interest about his day gig- is that he sees a lot of issues with succession planning and buying and selling private practices. So, I know we’re going to gain some really great insights today!

Please help me welcome Greg Kyte the controller and general manager for the Utah Valley Physicians Plaza.

In this podcast you will:

  • Discover the creative way he conducts commercial real estate without using realtors
  • Learn different ways to structure purchasing deals in real estate
  • Find out how to protect yourself with earns outs versus notes
  • Learn Greg's big piece of business advice (HINT: It may not be what you would expect)

For all the show notes, transcription and more, check out the podcast website at http://doctorfreedompodcast.com/

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S4, Episode 24: Top 5 Podcasts of 2017- #4 The Complete Guide to Taking The Road Less Traveled [Physician Fireside Chat] with Dr. Michelle Mudge-Riley of Physicians Helping Physicians

June 8, 2018

This June we are focusing our attention on the Top 5 Podcasts that we had in 2017. They are a great mix of topics from real estate, taxes, and the ever popular side hustle.

Here are the notes and resources from this episode:

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.

My friends, in this show, I try and dig deep to find interesting people. As a matter of fact, our next guest was featured on the August 27th, 2016 episode of Dr. Nii Darko's podcast, Doc's Outside The Box.

I was immediately drawn to this episode, as it was titled, "This doctor had it all, but didn't want it."

She was a top performer in medical school, and then got to the point of struggling with whether or not she wanted to be in clinical medicine. Fresh out of residency, she decided she not to.

In this interview today, we’re going to talk about her journey and successful transition, because now she is helping other physicians do this as well.

Please help me welcome Dr. Michelle Mudge-Riley from Physicians Helping Physicians. Welcome Michelle!   

In this podcast you will:

  • Discover what led Dr. Mudge-Riley away from clinical medicine into helping other physicians who also want to escape clinical medicine.
  • Be inspired on how taking the road less traveled can lead to the greatest successes.
  • Gain knowledge on how Physicians Helping Physicians, Dr. Mudge-Riley's organization, develops customizable plans for each of their clients.
  • Learn from Dr. Mudge-Riley's mistakes and acquire the right tools and protocol to protect yourself if you decide to also move away from clinical medicine.

For all the show notes, transcription and more, check out the podcast website at http://doctorfreedompodcast.com/

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S4, Episode 23: Top 5 Podcasts of 2017- #5 Building The Skills To Become A Doctorpreneur with Mike Woo-Ming MD, The BootstrapMD

June 1, 2018

This June we are focusing our attention on the Top 5 Podcasts that we had in 2017. They are a great mix of topics from real estate, taxes, and the ever popular side hustle. 

Here are the notes and resources from this episode:

My friends, in this show, I try and dig deep to find interesting people. As a matter of fact, LinkedIn is a wonderful tool and this physician reached out to me on LinkedIn.

He also was kind enough to mention the podcast in a post that I will link in the show notes.

http://www.physicianspractice.com/blog/listen-podcasts-physicians

Our next guest is the author of that post. He graduated from the Mayo Clinic in 1999 ready to conquer the world. Working as a family physician in Southern California, he truly enjoyed medicine but wanted something else in life. In 2003, an event occurred that really spurned his life and drastically changed his direction that I’m sure we’ll get into.

Mike Woo-Ming MD MPH

As a doctor working 60, 70, 80 hours of a week that just wasn’t happening. So he made the decision to go full-bore into starting his own online business and has sold and started others since. Today, he has an online site- BootstrapMD- which was created to help work with other like-minded doctors who are ready to be their own boss and take control of their physician life.

Please help me welcome Mike Woo-Ming MD from Bootstrap MD. Welcome, Mike!      

In this podcast you will:

  • Discover how his family had an influence on how he handles money.
  • Receive Mike's BIGGEST financial mistake, so you don't make the same mistake.
  • Learn what drove him to become a doctor and what other choices he had to choose from. (HINT: You may be able to relate to his situation).
  • Explore the life events that occurred that made Mike change his career path.
  • Acquire Mike's different entrepreneur paths and which ones were financially rewarding and which ones took him on an unexpected path.

For all the show notes, transcription and more, check out the podcast website at http://doctorfreedompodcast.com/

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S4 Episode 22-[Physician’s Fireside Chat] with Tarang Patel from Doctor Money Matters Podcast

May 25, 2018

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.  Our special guest today is a fellow podcaster, a hospital-employed radiologist, and prior to that, he served as a physician in the U.S. Air Force.  His podcast is Dr. Money Matters.

In this podcast you will:

  • Learn about Tarang's upbringing and background leading to his career
  • Take in his experience of not getting into medical school the first try, but how his perseverance lead him to where he is now
  • Attain an inside look into the dot.com boom from Tarang's perspective during his medical school years
  • Hear about his residency years and what lead him to the radiology field and his service in the Air Force
  • Learn about some investment mistakes Tarang's father, who is also a physician, made early on his residency and practice in the US, after moving the family from Africa to the United States and what Tarang has set in place to avoid those same mistakes
  • Receive encouragement from Tarang to develop something outside of your practice that you're passionate about

 

 

Resources mentioned in this podcast:

Doctor Money Matters Podcast

Doctor Money Matters Podcast Episode 15 -"The dark side of doctoring"-Physician Burnout with Dr. Eric Levi from Australia 

Doctor Money Matters Podcast Episode 25-Common Financial Issues Addressed-Part 1 with Victor Mangona, MD & David Anderson, DO

Doctor Money Matters Podcast Episode 26-Common Financial Issues Addressed-Part 2 with David Anderson, DO & Victor Mangona, MD

That wraps it up for today! In the next podcast, I would love to tell YOUR story! Connect with me at dave@doctorfreedompodcast.com and let’s help tons of physicians.

Text DOCBOOK to 44422 for exclusive offers on my latest book, The Young Physician's Guide to Money & Life  with over $100 of bonuses.  If you have questions or want to share your story, I'd love to hear from you. Contact me at the email address above or on my website www.doctorfreedompodcast.com.

Thank you for joining us for Freedom Formula for Physician's Podcast-a podcast dedicated to help you slash you debt, slash your taxes, and live a liberated lifestyle.

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S4 Episode 21-My Financial Experiment- Q1 2018 Update

May 18, 2018

Welcome back to the Freedom Formula For Physician's Podcast.  If you have been listening to me for the last year, or maybe you're brand new, what I'd like you to do is go back to the archives, and check out season 3, where I started going through this process of acquiring other assets, trying to create multiple income streams.  So this is the Quarter 1 2018 update.  I'll be discussing my online business, this podcast, and my latest craze, land flipping, while walking you through my highs, my lows, and the specifics of these various ventures.

In this podcast you will:

  • Get an update on what's going on with my life
  • Discover what's going on with my different financial experiments
  • Hear about what's working and what's not working
  • Know the lessons I'm learning along the way

I hope through this podcast, you see that although there is a lot of work, there is also a huge amount of opportunity.  So whether you're getting into something similar to what I'm doing-buying a business, starting a new business, or something completely different, I want to encourage you to take a step of your comfort zone and try something new.  If you don't take a risk, you'll never know what can happen.  I hope this podcast inspires you and encourages you.  If you'd like more information, feel free to contact me at dave@doctorfreedompodcast.com

Text DOCBOOK to 44422 for exclusive offers on my latest book, The Young Physician's Guide to Money & Life  with over $100 of bonuses.  If you have questions or want to share your story, I'd love to hear from you. Contact me at the email address above or on my website www.doctorfreedompodcast.com.

Thank you for joining us for Freedom Formula for Physician's Podcast-a podcast dedicated to help you slash you debt, slash your taxes, and live a liberated lifestyle.

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S4, Episode 20-It’s time to say “Enough is enough” to Student Debt with Nii Darko from Docs Outside The Box

May 11, 2018

Welcome to another episode of Freedom Formula for Physician's Podcast.  I'm excited to have a repeat guest, Nii Darko, from Doc's Outside The Box, on today's episode.  He's sharing the excitement of paying off not only his student debt, but his wife's also.  Combined they shared $662,000 of debt.  He shares about how he and his wife early on were paying more into their cash value plans than into their student loans, and that the frustration of that lead them to say "enough is enough".  

In this podcast you will:

  • Discover why if you're married, working with your spouse as a team to combine and slay your "debt dragon" together is the best strategy 
  • Learn how surrendering their cash value life insurance helped Nii and his wife pay off a significant amount of their debt
  • Uncover a great method to paying off your debts by categorizing
  • Discover the sacrifices Nii and his wife made to pay down their debts
  • Hear Nii's thoughts on how he feels the medical field is changing

Resources mentioned in this podcast:

Text DOCBOOK to 44422 for exclusive offers on my latest book, The Young Physician's Guide to Money & Life  with over $100 of bonuses.  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.

Thank you for joining us for Freedom Formula for Physician's Podcast-a podcast dedicated to help you slash you debt, slash your taxes, and live a liberated lifestyle.

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