S3 Episode 44-Top 5 Financial Books for Doctors to Achieve a Millionaire Mindset

November 24, 2017

Hello Friends!  Welcome back to the Freedom Formula for Physician's Podcast, the podcast dedicated to helping you slash your debt, slash your taxes, and live a liberated lifestyle. We also have the mission of trying to create a hundred new physician multi-millionaires.  Let's get right into it, shall we? 

In this podcast episode today, you will:

  • Discover what the top 5 financial books for doctors in my opinion
  • Learn what originally inspired me to do this podcast
  • Learn who some of my mentors are, and how they've influence my life
  • Why mindset is the #1 thing most physicians feel they could use work on
  • Learn what makes for a millionaire mindset

Top 5 books:

1. The Millionaire Mind-Thomas Stanley

 

2. Tools of the Titan-Tim Ferriss

 

3. Rich Dad, Poor Dad-Robert Kiyosaki

 

4. I Will Teach You to Be Rich- Ramit Sethi  **Review from LifeHacker.com- 5 Best Personal Finance Books-"Solid beginners tomb to all things-personal financing and investing"

 

5. Think and Grow Rich-Napoleon Hill

 

 

Additional resources mentioned in this podcast:

 

The Four Pillars of Investing: Lessons for Building a Winning Portfolio-William Burnstein

 

Get Rich Slowly: Building Your Future Through Common Sense-William Spitz

 

All About Asset Allocation-Rick Ferri

 

The Richest Man In Babylon-George S. Clason

The White Coat Investor-A debt of gratitude for financial mentors

I'd love to know what books influence you.  What are your top 5 that you recommended, that I can pass along to the audience?  You can make a comment on the podcast website at www.doctorfreedompodcast.com or e-mail at dave@doctorfreedompodcast.com.

Wishing all the best and success as you move forward!  What I'd like for you to take away from this conversation today is to find time to read through some of these classics and glean the nuggets out of them. Keep on improving, keep on working at it, a day at a time, and together we can achieve financial freedom.  All the best to you and yours!

 

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S3 Episode 43-The Red Pill or The Blue Pill? Piles of Cash or Several Streams of Income

November 17, 2017

Hello Friends!  Welcome back to the Freedom Formula for Physician's Podcast, the podcast dedicated to helping physicians get to be multi-millionaires, and of course dedicated to helping you slash your debt, slash your taxes, and live a liberated lifestyle.  I'd like to kick off this episode with a huge THANK YOU to each and every one of you.  It just means so much for you to take time out of your super busy schedules, listen to this podcast, and send me encouraging feedback.

A shout out to a couple of listeners, who showed some podcast love:

Rcdrguy- "Always enjoy listening to Dave's high-quality content, practical advice, and superb interview guests!  Highly recommended for anyone who wants to educate themselves about personal finance."

Gainadelph- "Both podcast and book are excellent resources for physicians looking to get a primer on financial planning and find resources to learn more on their own."

If you'd like to get some love and hear your name on the podcast, make sure to rate and review the podcast on iTunes and I will feature you on a future episode.  I'd also like to encourage you to email me at dave@doctorfreedompodcast.com let me know your thoughts on the podcast as we go into the new year.

If you haven't heard, our brand new book,"The Young Physicians Guide to Money and Life", is coming out soon, and I'd like you to be the first to know when it's available, so text doctorbook to 44222 to get first opportunity to purchase the book with a discount.

In this podcast episode you will:

  • Discover whether one is right and one is wrong... Piles of cash or several streams of income?
  • Learn how to think about retirement and security by making conservative projections
  • Hear stories of what other people say about piles of cash vs. several streams of income and how it looks
  • Discover why it's wise to financially plan in the present for possible future decline in your assets
  • Be prepared for unexpected cost-roof replacement, car repairs, etc.
  • Learn how default rates can change drastically depending on the economies condition

 

Resources mentioned in this podcast:

 

Tyler Sheff-The Cash Flow Guys Podcast

 

Mark Podolsky-The Land Geek Podcast

 

 

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S3, Episode 42-The REAL “Behind-The-Scenes” world of the 3 P’s-Payers, Providers, & Patients-with Alan Coppock of Adminology Bay

November 10, 2017

My name is Dave Denniston. Welcome back my friends to the latest episode of The Freedom Formula for Physicians Podcast.

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

Our next guest is someone who comes from the healthcare field, and on June 30th- stepped away from the hospital system after 20+ years.  He really had this desire to give providers a forum, to give healthcare executives a forum, and help bridge the ever-widening chasm between the two.

Please help me welcome Alan Coppock from Adminology Bay and founder and host of recently debuted podcast, Caring for Healthcare.

In this podcast you will:

  • Meet a former hospital CEO who's blazing a new path for healthcare
  • Receive insight into the difficult and mostly unknown behind-the-scenes world for hospital CEO's
  • Find out why a physician shortage resulted in the heart-breaking decision to turn away patients
  • Discover the complex world of the 3 P's-Payers, Providers, and Patients
  • Ask yourself this question: Is it really necessary to have physician recruitment firms play the "middle man" between the physician and healthcare organization?

Resources mentioned in this episode:

Adminology Bay's Practical Healthcare Economics 101 E-Book

AdminologyBay

Caring for Healthcare Podcast

Adminology Bay-Instagram

Adminology Bay-Facebook

Alan Pitt-Healthcare Pittstop

If you are a physician or someone else servicing physicians and want to tell your story, grapple with these tough issues, and get on the soapbox for a few minutes, I’d love to share it too in the next Freedom Formula for Physicians Podcast.

Make sure to contact me at dave@doctorfreedompodcast.com or on my website www.doctorfreedompodcast.com

For the Freedom Formula for Physicians podcast, this is Dave Denniston. Thanks so much for joining us!

Also, if you received tremendous value from this podcast, I would like to ask you a favor.  Could you take a quick minute and do a review on ITunes? It really helps the show and would mean a lot to me.

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

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S3, Episode 41-The Complete Guide to Taking The Road Less Traveled-[Physican Fireside Chat] with Dr. Michelle Mudge-Riley from Physicians Helping Physicians

November 3, 2017

My name is Dave Denniston, your host. Welcome back my friends to the latest episode of The Freedom Formula for Physicians Podcast.

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 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.

Resources mentioned in this podcast:

Doc Outside The Box-Dr. Nii Darko's Podcast

Dr. Michelle Mudge-Riley's Docs Outside The Box episode

Physician's Helping Physicians-Dr. Michelle Mudge-Riley's organization

 

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

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S3, Episode 40-[Physican Fireside Chat] with Dr. Fahd Ahmad from Rogue Dad MD.

October 27, 2017

My friends, in this show, I try and dig deep to find interesting people. As a matter of fact, our next guest was recently featured on The White Coat Investor.

This wasn’t just some guest post that I read. This physician worked with some colleagues to do an assessment of residents’ and fellows personal finances literacy.

In this interview today, we’re going to get into that assessment as well as to learn about his journey and his experiences.

Anyhow, I can’t wait to hear about his journey and his advice for us!

Please help me welcome Dr. Fahd Ahmad from Rogue Dad MD. Welcome Fahd!   

In this podcast you will:

  • Discover what led Dr. Ahmad away from a finance career into a career in medicine.
  • Aquire knowledge on what financial training is being missed that can you lead you to financial independence.
  • Receive a technique that is father used to teach him about money and investments at a young age.
  • Gain the thought process that Dr. Ahmad would use now if he could go back and restart his spending and savings habits at the bigging of hgis carrer. (HINT: You may be suprised at how he would prioritize his money)

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

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S3, Episode 39-Real Estate advice with Tyler Sheff of Cash Flow Guys

October 20, 2017

One of the promises that I made at the beginning of the year was that we would talk a lot of real estate.

I get a number of people that reach out to me from time-to-time and many I don’t bring onto this show. However, a select few do make it.

So far this year, we’ve had on Peter Kim, Damion Lupo, Cory Fawcett, Mark Podolsky, and Larry Harbolt- some physicians and some not to edumacate us on real estate and their experiences.

Our next guest is a fellow podcaster. He is a US Army Gulf War Era Veteran, originally earned his Florida real estate license back in year 2000, he also owned and operated a trucking business, worked as a local Police Officer, Charter Captain and Chief Boatswain aboard a US government research ship.

In October 2014, he jumped into helping others learn about real estate investing and share his glorious successes and smashing failures.

Please help me welcome Tyler Sheff of The Cash Flow Guys podcast.

In this podcast you will:

  • Discover why Tyler left a 6 figure job to persue real estate in 2012
  • Receive the biggest tip Tyler received when it comes to closing a real estate deal (HINT: you will be suprised how easy it is)
  • Collect tips in ways to reduce your taxes with real estate
  • Gain Tyler's insight on financial freedom and how he feels he has or has not gotten there yet...
  • Acquire Tyler's equation for maintaining a positive cash flow on any rental property

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

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S3, Episode 38-Round Up-Best Real Estate Advice I’ve Received

October 13, 2017

I want to feature some of the best advice that I have received over the years about real estate. Real Estate has become an extremely popular career and side hustle for so many out there.

We have been very fortunate to have had numerous guests that have 100's of years of combined experience in real estate and they have become successful using some very different tactics.

I have learned multiple techniques, tools and resources from each and every guest and I thought it was important to highlight some of those for you in one podcast.

 

In this podcast you will:

  • Acquire the different methods that people use to start a venture in real estate
  • Learn the pros and cons of bank financing versus owner financing
  • Discover a "affordable" way to start a side hustle in real estate (HINT: You will be surprised how affordable the investment is)
  • Gain 6 common resources to begin to find property to invest in
  • Gather the mistakes that these experts have made throughout the years, so you avoid making the same ones

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

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S3, Episode 37-My Financial Experiment-Quarter 3 Update

October 6, 2017

Today we are going to be talking about my third quarter update for my financial experiment. If you haven't checked it out yet make sure to look at Season Three, Episode 12: What I Learned From My Mistakes; so then I'll give you some background to what I'm going to be talking about today.

In this podcast you will:

  • Discover what Dave would have done differently with this investment, if he could do it all over
  • Explore the different way that Dave has done different investments throughout the years
  • Gain the pros and cons of Dave and Gabby's experiment with Amazon FBA
  • LEARN Dave's next investment experiment (You may be surprised with his decision...) 

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

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S3, Episode 36-[Physician Fireside Chat] with Valerie from OB Doctor Mom

September 29, 2017

My friends, in this show, I try and dig deep to find interesting people. As a matter of fact, our previous guest Physician on Fire had a guest post from OB Doctor Mom on his website that I thought was great!

The title of the post is "Retired from Medicine at 37: The Finances Behind Her Decision"

Our next guest is the author of that post. She is a newly retired physician at the tender age of 38, an OB/GYN by training of course. She was recently added as a regular contributor to Doximity through The Doximity Fellows Program.

She says that she retired for a few reasons, one due to a health scare and the other to spend more time with her precious 3 kiddos.

Anyhow, I can’t wait to hear about her journey and her advice for us!

Please help me welcome Valerie from OB Doctor Mom. Welcome Valerie!

In this podcast you will:

  • Learn who was the biggest influence in her life regarding finances (Hint: You will be very surprised)
  • Discover the efficient ways that Valerie paid off her student loans
  • Acquire ways to start educating your children on money and finances
  • Gain knowledge and tips on how to save enough to retire at an early age
  • Find out how she handled the decision to give up her passion for medicine to retire and spend the time with her children.

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

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S3, Episode 35-The Power of Guilt

September 22, 2017

GUILT...we all have had it. How do you deal with your guilt? 

Do you struggle with guilt daily? Weekly?

Do you use money as your way to deal with guilt for the events or family time that you miss out on?

 

This podcast will address how guilt and money seem to go hand in hand with physicians, and frankly, anyone that has a demanding job.

In this podcast you will:

  • Find out why people tend to think that money can make up for a lack of quality time
  • Discover the ways that Dave has dealt with guilt in the past and why he regrets it
  • Determine if you use money or does money use you? (Hint: You may be surprised at your answer)

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

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