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Helping Physicians Slash Their Debt, Slash Their Taxes, and Live a Liberated Lifestyle
Episodes
Friday Jun 24, 2022
Friday Jun 24, 2022
When you buy life insurance, you're investing in your family's future. A good financial security strategy includes life insurance in case something happens to you. There are many different types of policies to choose from, so it's important to understand how buying life insurance works before making a purchase decision.
In this episode, Dave talks about…
- Why life insurance is important for you and your family?
- How much does your family depend on your income?
- How much debt do you have?
- What are the 2 basic ways to get life insurance?
- Three methods to know how much do you need for life insurance
- What’s the difference between term life insurance and cash value life insurance?
Resources Mentioned:
Contact: 612-284-2409
Email: dave@doctorfreedompodcast.com
For all the show notes, and more, check out the podcast website at www.doctorfreedompodcast.com
Read the rest of this entry »Friday Jun 17, 2022
Friday Jun 17, 2022
In a nutshell, disability life insurance provides financial support to your family if you become disabled and can no longer work. It can replace your income as well as help out with other expenses (e.g., rent, mortgage). It's an expense you definitely want to consider. Listen to this episode for more details on how this type of life insurance works.
In this episode, Dave talks about…
- What’s the purpose of Disability Income Insurance?
- When do you consider disability insurance?
- Difference between group and individual disability insurance
- When do you stop disability insurance?
- How dependent of your family on your income?
- What’s your debt loan look like?
- How long do you have for retirement?
- Why do you need to consistently save non-qualified funds?
Resources Mentioned:
Contact: 612-284-2409
Email: dave@doctorfreedompodcast.com
For all the show notes, and more, check out the podcast website at www.doctorfreedompodcast.com
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Friday Jun 10, 2022
Friday Jun 10, 2022
If you are interested in opening a Roth IRA account because you have been looking for an investment vehicle that will allow you to save for retirement with tax-free income, then listen to this episode to learn more.
In this episode, Dave talks about…
- Overview of Roth IRA and traditional IRA
- Pitfalls of Roth IRA conversion
- Things to watch out for Roth Conversion
- How to save money on taxes today?
- Why you should do a traditional IRA or Roth IRA?
Resources Mentioned:
Contact: 612-284-2409
Email: dave@doctorfreedompodcast.com
For all the show notes, and more, check out the podcast website at www.doctorfreedompodcast.com
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Friday Jun 03, 2022
Friday Jun 03, 2022
I'm sure you've heard about some of my successes, big and small wins in our Podcast. It's been a lot of work, but sometimes it feels harder than you'd expect it to be.
The past few years have been challenging, but I've learned a lot. I'm excited to share an important update with you. So here's another Podcast Episode to look at my next financial experiment.
In this episode, Dave talks about…
- How does Dave’s land business pay his family loan
- His multiple streams of income
- Cons of Land business
- How can he find something that is tax-efficient?
- His conclusion about investment
- What are his two next steps for Financial Experiment? (HINT: You can learn a lot here)
- Why is he interested in these two things?
Resources Mentioned:
Website:
Email:
Contact: 612-284-2409
For all the show notes, and more, check out the podcast website at www.doctorfreedompodcast.com
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Friday May 27, 2022
Friday May 27, 2022
Investing is a numbers game. The more informed you are, the better your chances of success. Nobody likes to lose. You'll always be better off if you go with your gut and then follow up on it with some research. That way you won't second-guess yourself every step of the way.
So, in this episode, Dave will tell you how can use novelty in your investment based on his personal experience and knowledge as a financial advisor.
In this Podcast, Dave discusses…
- How to still be in control even if you have a financial advisor?
- What is the benefit of doing something novelty?
- How being educated is a powerful thing for crypto and investments
- The journey of novelty about Dave’s land business
Resources Mentioned:
For all the show notes, and more, check out the podcast website at www.doctorfreedompodcast.com
Read the rest of this entry »Friday May 20, 2022
Friday May 20, 2022
All about Illiquid Investment
When the market is going through one of its many highs and lows, it seems like everyone has something to say. However, what you might not hear a lot about are illiquid investments—assets that may be hard to sell quickly and can take time to turn into cash.
If you are unfamiliar with illiquid investments, you've come to a good place.
In this episode, Dave talks about...
- What to watch out about Illiquid Asset
- Different kinds of financial advisers / financial planners
- About Direct participation programs
- What does a broker-dealer do?
- Why many doctors are given horrible advice by shady advisors
- Listen about a physician client that was based in the Cayman Islands
- The big problem with Illiquidity
- What is the best thing to do in Investment rather than having completely illiquid?
- Few different things that Dave’s advice as to ways of vetting this kind of investment
Resources Mentioned In This Episode
Website
Email:
For all the show notes, and more, check out the podcast website at www.doctorfreedompodcast.com
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Friday May 13, 2022
Friday May 13, 2022
How can inflation be best combatted?
Inflation can be a real pain. It eats into the value of the money that you have in your wallet, and due to this, it reduces the spending power of your hard-earned cash. In other words, inflation brings about erosion in the value of a currency against other goods and services, reducing its worth over time. But do not let inflation get you numb, for it is something that can be controlled even when it is difficult to predict its prevalence in the economy.
In this episode, Dave discusses…
- Country that had the highest inflation in 2021
- 3 ways to meet the unpaid bills of a nation
- Talks about the markets - April 12, 2022
- Inflation investment opportunities in major sectors
- Dave elaborates more about metal and mining producers
- Know more about Short term bonds & Bloomberg floating Rate
- What are managed futures?
Resources Mentioned:
Contact: 612-284-2409
Email: dave@doctorfreedompodcast.com
For all the show notes, and more, check out the podcast website at www.doctorfreedompodcast.com
Read the rest of this entry »Friday May 06, 2022
Friday May 06, 2022
Considering a medical office building investment?
When you purchase an income property, your investment income and cash flow can be more predictable. This is hard to find in today's market. Plus, if you are a physician who owns his or her own practice, you know how important it is to be financially secure.
Today’s podcast is dedicated to helping doctors and other healthcare professionals find the best real estate opportunities and with the help of our next guest…
Trisha Talbot, advises physician owners and investors about opportunities in the healthcare real estate asset class. Her track record in investment sales, landlord representation, corporate representation, and tenant representation offers clients trusted experience with comprehensive strategies with pricing, market fluctuations, and problem-solving solutions that result in successfully closed transactions.
In this episode, Dave and Trisha discuss…
- Trisha’s journey and background on how she grew up.
- Why she didn’t want a residential real estate company?
- How did she get into Commercial & investment sales?
- Trisha’s suggestion for young physicians/resident who is interested to have a medical office building
- What are some of the terminologies that younger physicians should start getting familiar with so they can speak the lingo?
- Know more about HVAC
- Does the price change a lot by geography/location?
- Trisha’s advice for people that wants to buy a medical office building.
Resources Mention in this Episode
Land Business Free 30 mins strategy Session: (612) 284-2409
Website
Trisha Talbot - Doc Properties
Podcast:
Providers Properties and Performance
For all the show notes, and more, check out the podcast website at www.doctorfreedompodcast.com
Read the rest of this entry »Friday Apr 29, 2022
Friday Apr 29, 2022
Are you interested in generating income streams through franchising?
Our guest for today, is a consultant, investor, author, and international speaker specializing in the area of non-food franchising.
He serves as CEO of FranBridge Consulting where he helps clients understand all aspects of franchising in the process of introducing them to opportunities from the over 300 high-growth brands that he represents. Additionally, Jon oversees FranBridge Capital where he and his partners own 14 territories across 3 property service franchises.
Please Welcome, Jon Ostenson
Jon & Dave talk about…
- A little background about Jon Ostenson
- How did he end up in this kind of business?
- Jon shares his experience in franchising (Hint: Gives you a lot of ideas in the Franchising business)
- Is Jon's business just something he grew up with? What did his folks do?
- Who is not good for franchises and who is good at franchise opportunities?
- Jon’s advice for people that are going to be making a good deal of money, but don't have time for something like this right now.
- His opinion for fellow residents that don’t have a budget for investing in this kind of business.
- Medical-related franchise-type opportunities that doctors might be interested in.
- Where is the market going? Where should you be investing your money?
- What would be a good franchise for something with low startup capital?
Resources Mentioned
Website:
Contact Info:
David Denniston: 612-284-2409 (Free 30 mins strategy session)
Friday Apr 22, 2022
Friday Apr 22, 2022
Hints for Financing College Education
Financing education can be one of the most daunting parts of starting college. Many students are concerned with the cost and wonder how they will pay for school.
Fortunately, this episode gives you hints and options available to help you make college affordable.
Listen to this Episode, as Dave talks about:
- 10 Secrets to Financing a College Education
- Best books to read that can help you aid for College education
- A base income year (Hint: Informative & Very useful)
- Why is it better to put assets in your own name rather than your child's name?
- What scholarship organizations can you apply to?
- Simplified Needs test
- Why is consumer debt bad?
Resources Mentioned:
Books:
Paying for College Without Going Broke,
the 2012 edition by Chany, Kalman
Debt Free You by Zac Bissonnette
Scholarship Websites
Financial Advisor Contact: (612) 284-2409
For all the show notes, and more, check out the podcast website at www.doctorfreedompodcast.com
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