The Freedom Formula for Physicians | How Doctors Cut Debt & Slash Taxes |  Business Of Medicine | Financial Education
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

 

 

S5, Episode 4- The Physician Blogger O.G with Dr. Ben White of BenWhite.com

S5, Episode 4- The Physician Blogger O.G with Dr. Ben White of BenWhite.com

June 23, 2020

Our next guest is Dr. Ben White. He is a physician (radiologist) who is married to another physician (physciatrist).

He does medicine by day and blogging by night! (kind of).

He's an author whose focus has been simply to share his thoughts rather than monetizing his podcast.

I think you'll find a very down-to-earth and easy to relate to guy. He comes with some great perspectives and thoughts for all of us.

In this podcast, you will discover...

- When we met his wife (Hint: He was pretty young!)

- What his parents thought of becoming a doctor and his specialty

- Why his family seemed not very well off and what that taught him

- What his experiences were with his student loans and how he went from no debt to loads of debt

- Why he started his blog 11 years ago and what he's learned along the way. Also, what has kept him going?

Resources Mentioned in the Podcast:

- Ben's Blog: https://www.benwhite.com/

- Medical Student Loans Book: https://www.benwhite.com/studentloans/

S5, Episode 3- From Scarcity to Abundance with Dr. Jeff Anzalone of DebtFreeDR.com

S5, Episode 3- From Scarcity to Abundance with Dr. Jeff Anzalone of DebtFreeDR.com

June 19, 2020

Our next guest is a periodontist. He was a solo practitioner who asked himself some key questions that changed his direction.

  • What if I became injured? ( I like to ski and play tennis!)
  • What if I became disabled?
  • What if burnout started to set in?

These concerns made him take a hard look at our financial future and he realized that something needed to be done.

Now he's learned how to build multiple streams of passive income so that slowly but surely he's replacing his active income each year.

 

In this episode, you will discover:

- His first job that taught him the value of hard work

- How he has transitioned from a scarcity mindset to an abundant mindset

- Why he bought the building he practices in back in 2008

- What he believes you should focus on first

- How he got into real estate

- Learn the 3 key questions that Jeff asks to uncover good sponsors

 

Resources Mentioned

- A FREE guide that will teach you what you need to do to get started in creating passive income with real estate.

- Jeff's Blog: https://www.debtfreedr.com/

 

S5, Episode 2-  Ditch the Mindset with Dr. Eric George

S5, Episode 2- Ditch the Mindset with Dr. Eric George

June 16, 2020

I’d like to welcome Dr. Eric George to our show. He is one of the most successful physician-
entrepreneurs in the country, and he wants to share his expertise to help you achieve financial freedom.
Before we get started, let’s review his background.

He is the founder and CEO of Hand Center of Louisiana, an ambulatory practice based in New Orleans; CEO of Omega Hospital, a specialty surgical hospital; chairman of East Jefferson Ambulatory Surgical Center; and founder and CEO of ERG Enterprises, an investment company with a portfolio worth more than $1 billion in assets.

Dr. George is a thought leader on entrepreneurship and investing, and his first book was
published last year called, We: Ditch the Me Mindset and Change the World, which is about the personal
and professional philosophy that has led to his success as a physician, entrepreneur, investor, father, and
husband.

Welcome, Dr. George, we’re glad to have you on the show.

In this episode, we discover...

- How a plane crash influenced his childhood & what drove him into medicine

- What profession most of his family was in. (Hint: It wasn't a bunch of physicians)

- How he acquired multiple practices

- Why he got into real estate and what he's doing now

- What he would say to young physicians to do today

Resources Mentioned

His Newest Boook- We: Ditch the Mindset and Change the World

 

S5 Episode 1- A New Season

S5 Episode 1- A New Season

June 12, 2020

I'm bacccccccccck!

In case you are a listener for less than 2 years, you may not be aware that this podcast actually has 4 seasons. 

We have been re-playing past episodes week-by-week as though they are brand new episodes for the last year and a half.

As such, I am super excited to say that we have a few handfuls of brand new episodes coming your way--- a whole brand new Season 5.

We're going to talk student debt, legal protection, cash flow, and of course real estate!

There are new guests and old guests coming back.

Enjoy this brand new season!

Have questions?

Want more resources?

Check out the whole podcast library at www.doctorfreedompodcast.com