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Helping Physicians Slash Their Debt, Slash Their Taxes, and Live a Liberated Lifestyle
Episodes
Friday Apr 15, 2022
Friday Apr 15, 2022
Understand the concept of asset allocation
Asset allocation is a method of diversifying a portfolio by spreading investments among different asset categories. The idea behind this strategy is to paint with a broad brush while maintaining an overall risk management strategy.
In this Podcast episode, Dave talks about…
- Financial Planning
- Elaborating Asset Allocation
- What is a Risk Tolerance Questionnaire?
- How to use a Risk tolerance questionnaire?
- How Proactive do you want your advisor to be?
- What are the 2 basic kinds of investment types?
- Three basic principles that financial advisers put to work every day
Resources Mentioned:
For free 30 minutes strategy session with Dave Denniston
Contact: 612-284-2409
For all the show notes, and more, check out the podcast website at www.doctorfreedompodcast.com
Read the rest of this entry »Friday Apr 08, 2022
Friday Apr 08, 2022
What to expect in the first meeting with a financial advisor?
The first meeting with a financial advisor is an evaluation. It's like meeting a new doctor: the advisor has to decide what to report, what recommendations to make, and how you will be diagnosed.
In this Podcast episode, Dave discusses…
- The 4 basic steps to prepare when you meet with a financial advisor
- What are the important things to figure out during the meeting?
- Dave shares the tools that financial advisors used to get to know their clients.
- Possible questions and information that a Financial Advisor will ask you.
- You will learn to build a relationship with your financial advisor for them to be able to deliver the best possible advice.
Resources Mentioned:
For free 30 minutes strategy session with Dave Denniston
Contact: 612-284-2409
For all the show notes, and more, check out the podcast website at www.doctorfreedompodcast.com
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Tuesday Apr 05, 2022
Tuesday Apr 05, 2022
Investing in the stock market can be a bit intimidating. If you’re feeling anxious about the market, we have a few tips to help keep things in perspective.
Listen to this Bonus episode to know more.
In this episode, Dave talks about…
- Potential investment opportunities today
- What is S&P 500 all about?
- All Cap Global Index, Bond index, Corporate Bond Index
- Highest and Lows for the year when it comes to investment
- What is nearly everything that has a negative number in front for this year? (Hints: Learn about bonds)
- How much risk are you willing to take?
- What happens if you bought at a 5% dip?
- Should you put 100% of your money in the market?
Resources Mentioned:
Website:
612-284-2409
Email:
Friday Apr 01, 2022
Friday Apr 01, 2022
What is the best way to choose a financial advisor?
Selecting a financial advisor isn't easy. Like choosing a medical doctor, finding a financial advisor requires interviewing people to determine the best fit for your needs and personality.
Although there may be many qualified professionals in your area, you need to find one that is someone you can trust and with whom you can relate. Some financial advisors are generalists who provide advice on a variety of subjects and work with clients from all backgrounds. Others specialize in one area or have a particular type of client.
In this Podcast episode, Dave talks about…
- Financial planning concepts
- How to select a Financial Advisor
- Dave discuss the key to building a great relationship with clients
- Questions to ask your Financial Advisor ( Hints: Highly Informative)
- What are the three primary different ways that Financial Advisors work with clients? (Hints: Talks about Compensation)
- Why is it important to understand their personality?
Resources Mentioned:
For free 30 minutes strategy session with Dave Denniston
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 Mar 25, 2022
Friday Mar 25, 2022
We love to talk taxes, we love to talk about debt. Our next guest has experience in all of those things. He is known as "America's Money Answer Man!!!"
He has been doing this for over 35 years. He has written for Money Magazine for 18 years, was an analyst for NBC News for 9 years. He has also written 14 books including Fast Profits in Hard Times, Master your Debt, and The Ultimate Guide to Student Loans, just to name a few.
Please help me welcome Jordan Goodman. Welcome, Jordan!
In this podcast you will:
- Learn what will happen with investments if the government passes a new tax bill.
- Acquire Jordan's top things to do at the end of 2017 to prepare for the upcoming tax season.
- Gain 2 major tips that will help reduce your student debt.
- Find out how to take 25 years off of your mortgage (THIS IS A TIP YOU DO NOT WANT TO MISS!!!)
For all the show notes, transcription, and more, check out the podcast website at http://doctorfreedompodcast.com/
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Friday Mar 18, 2022
Friday Mar 18, 2022
Are you burnt out, sick of not having time for your family, and feel underpaid? Then you will love our next guest!
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.
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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Friday Mar 11, 2022
Friday Mar 11, 2022
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 influenced 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 you 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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Friday Feb 25, 2022
Friday Feb 25, 2022
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 to 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 economic condition
Resources mentioned in this podcast:
Tyler Sheff-The Cash Flow Guys Podcast
Mark Podolsky-The Land Geek Podcast
For all the show notes, and more, check out the podcast website at www.doctorfreedompodcast.com
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Friday Feb 18, 2022
Friday Feb 18, 2022
My name is Dave Denniston. Welcome back my friends to the latest episode of The Freedom Formula for Physicians Podcast.
In this podcast, 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 the 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
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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Friday Feb 11, 2022
Friday Feb 11, 2022
This is the final episode for Season 6, so I would like to thank you, my friend, for being with me along the journey.
So, with this episode, I would like to share with you some updates to my Financial Experiment in which you will get a lot of ideas on how I improved my finances for the past years.
In this Podcast, you will…
- Be updated to Dave’s Financial Experiment last 2021
- Listen to his story when he started this Podcast
- What has Dave invested in the past couple of years?
- What is his plan doing in the future?
- Talk about his Land Business - Generation Family Properties
- Total properties Dave’s sold from 2018 to 2021
- The benefit of having a Virtual Assistant
- How did he foreclose on 57 tax liens?
- Why self-storage facility?
Resources Mentioned:
Free 30mins strategy session - 612-284-2409
The Freedom Formula for Physicians Book
For all the show notes, and more, check out the podcast website at www.doctorfreedompodcast.com
Read the rest of this entry »