The Freedom Formula for Physicians | How Doctors Cut Debt & Slash Taxes |  Business Of Medicine | Financial Education
S2 Episode 47-Part Two- 7 Lessons from The Doc Outside The Box- A Physician Fireside Chat with Dr. Nii Darko

S2 Episode 47-Part Two- 7 Lessons from The Doc Outside The Box- A Physician Fireside Chat with Dr. Nii Darko

June 5, 2020

For loads of content, the show notes, interviews with outstanding physicians, and lots of free resources visit the podcast website at www.doctorfreedompodcast.com

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.

Please help me welcome back Dr. Nii Darko, THE Doc Outside the Box….

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In part two of this podcast, you will discover...

  • The critical advice he would give himself in residency & in medical school
  • Why he isn't living in his ideal setting & how much they are paying towards student loans
  • The cost of starting a side hustle, his future plans, and his favorite DOTB episodes
For loads of content, the show notes, interviews with outstanding physicians, and lots of free resources visit the podcast website at www.doctorfreedompodcast.com
S2 Episode 46- Part One- 7 Lessons from The Doc Outside The Box- A Physician Fireside Chat with Dr. Nii Darko

S2 Episode 46- Part One- 7 Lessons from The Doc Outside The Box- A Physician Fireside Chat with Dr. Nii Darko

May 29, 2020

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 has not only been a physician, but is also exploring the question… what else am I besides a doctor? Where more value can I add to the world?

A little bio on him… he is practicing, full-time, board-certified trauma surgeon. He is a fellow podcaster. He is a new York knick fanatic, but isn’t a fan of phil jackson.

Even more, He has a passion for whole life insurance. Nah, just kidding, he doesn’t but we’ll talk about that.

Beyond all of that stuff, he has a passion beyond medicine. He is breaking outside the barriers.

I know he has a ton of wisdom to share with us and with no further adieu…

Please help me welcome Dr. Nii Darko, THE Doc Outside the Box….

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In part one of this podcast, you will discover...

  • How his parents transformed into his heroes & how that influenced his financial choice of medicine
  • The TV show that inspired his heart & spirit to desire to become a physician
  • How whole life insurance shaped his view of financial advice & the horrible mistakes he made that started in a nightclub
  • Learn about the difference between whole life & term life insurance
  • Discover the pink price tag on DI
For loads of content, the show notes, interviews with outstanding physicians, and lots of free resources visit the podcast website at www.doctorfreedompodcast.com
S2 Episode 45: Why Proactive Tax Planning Will Change Your Life- An Interview with Diane Gardner

S2 Episode 45: Why Proactive Tax Planning Will Change Your Life- An Interview with Diane Gardner

May 22, 2020

For oodles of free content, the show notes, and all the resources, visit the podcast website at www.doctorfreedompodcast.com

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

If you have been grappling with these kinds of questions or if you are simply curious about them, you are going to love our next guest.

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

As a tax coach, she offers a FREE tax analysis for those interested in finding out if they are overpaying their income taxes. Her goal is to save taxes one business at a time through the use of pro-active tax planning.

As a matter of fact, I ran across her because I heard her in another podcast and thought she could add a ton of value to you.

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

Please help me welcome Diane Gardner!

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In this podcast, you will discover...

  • Discover the stark differences between tax preparers and proactive tax planning
  • The most common mistake that tax preparers make for physicians in independent practices
  • Learn about the hidden tax deductions that you can get from your kids (yes! your kids)
  • Learn about her self employed journey & why she had to re-create & re-invest her practice
  • How she went about the process to write 8 different books and you can too!
  • What the alternative minimum tax (AMT) is & how it can impact you
For oodles of free content, the show notes, and all the resources, visit the podcast website at www.doctorfreedompodcast.com
S2 Episode 44-5 Financial Lessons from Broke Athletes

S2 Episode 44-5 Financial Lessons from Broke Athletes

May 15, 2020

For the whole podcast, show notes, and oodles of resources, check out www.doctorfreedompodcast.com 

I was recently reading about a basketball athlete that went broke... Darius Miles. He's just a shade younger than me and his basketball career is over.

It broke my heart.

Unfortunately, he's not the only one. There's been dozens of cases of athletes running out of money despite earning tens of millions of dollars. 

I was asking myself, how do these incredibly talented athletes blow through so much money? What can we learn from them?

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I started reading and reading and reading some more. I checked out some specific stories that I think would be helpful to you. I identified 5 specific lessons that we can take away from athletes that go broke.

In this podcast, you will discover...

  • The financial schemes that cost Scott Eyre nearly all of his life time earnings. He had to beg his franchise for an early day.
  • The shocking amount of money that Evander Holyfield couldn't pay and the 11 reasons why he went broke
  • The financial poison that kills the financial health of athletes & physicians alike
  • How Rich Dad, Poor Dad may be a poor influence on athletes and what you can learn from one of their biggest mistakes
  • The biggest financial principal that causes athletes to go broke
For the whole podcast, show notes, and oodles of resources, check out www.doctorfreedompodcast.com 
S2 Episode 43: When I Was Fat & Unhappy

S2 Episode 43: When I Was Fat & Unhappy

May 8, 2020

For the whole podcast, resources, and tons of free stuff, make sure to visit www.doctorfreedompodcast.com

 

May I have your permission to share a struggle that I’ve had?

 

May I have your permission to share something incredibly personal,something private that not many folks know about? 

It was nearly 4 years ago when my wife and I were going through someincredibly hard times. Evangeline was in the hospital and my oldest daughterwas starving for attention.

 

 

On top of all of that, I was fat & unhappy.

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I was grinding through life, taking one moment at a time juggling whatseemed to be a pretty impossible act.

 

At nearly 6’2, I’ve considered myself fairly athletic all my life. Icould pretty much eat and drink whatever the heck I’ve wanted to.

 

I’ve never been the all-star athlete, but I’ve worked pretty darn hardto keep in shape. 180 to 190 pounds is my happy spot. I swore I would never ge tover 200 pounds.

 

 

With all the stress we were going through pre and post-delivery ofEvangeline, I still worked out, but I was getting older and my metabolism slowing down.

 

Frankly, I let myself go a little bit. I was drinking a couple of sodas aday and consuming all kinds of yummy fatty foods like pizza and fast food with our crazy hectic schedule.

 

I’m about to tell all of you something that I’ve never revealed to anyone except my wife and my oldest daughter. I don’t think I even told my own parents (but I guess they know now)!

In this podcast, you will discover....

  • The health scare that freaked out my wife
  • What I did to turn around my circumstances and how I'm still working through it
  • My challenge to you

 

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

 

S2 Episode 42-The Revolution of The White Coat Investor- A Physician Fireside Chat with Dr. Jim Dahle

S2 Episode 42-The Revolution of The White Coat Investor- A Physician Fireside Chat with Dr. Jim Dahle

May 1, 2020

There's a revolution happening for physicians.

Have you ever felt like you've been lied to? Like a supposed financial professional has taken advantage of you?

Maybe they've sold you some crazy expensive life insurance policy.

Or instead, maybe you know that your spending has been a bit out of control. You don't have a budget and instead you have a mountain of credit card debt.

Or maybe instead... you have a mountain range of student debt. It's 100k, 200k, 300k, or more...

Or, let's say your debts are paid off and you are sick and tired of the taxes that you are paying. Yet, you don't know who to turn to for advice.

There's a financial education revolution happening. It's led by a man who has empowered dozens of physicians.

It's the revolution of the White Coat Investor.

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My name is Dave Denniston, your host and welcome back 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.

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 has not only been a physician, but is also a financial blogger and thought leader.

As a matter of fact, he has inspired over a dozen physicians to start their own blogs so that they could model his success.

A little bio on him… he is practicing, full-time, board-certified emergency physician just a few years out of residency.  Although he’s always been interested in personal finance and investing, he really started diving into the field as a resident when he finally got sick of financial professionals ripping him off.  In fact, most of his first few encounters with financial professionals ended badly for him.

So, that really sucks and I know many of us can relate to that. Unfortunately, doctors are a target. We’ll dive into that later.

I know he has a ton of wisdom to share with us and with no further adieu…

Please help me welcome Dr. Jim Dahle (pronunciation- DOLL-EE), THE White Coat Investor….

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In this podcast, you will discover...

  • Why Jim had virtually no exposure to financial education growing up
  • The moment when he was growing up that provided motivation to be financially successful
  • The financial lessons he is teaching his kids
  • Why debt hasn't played a role in his financial journey and the sacrifice of time he made instead
  • How he built his empire and inspired dozens of physicians to be like him
  • The 3 actions he is taking to drastically lower his income taxes
  • His future plans for more books
For the whole podcast, the show notes, resources, and tons of free stuff, make sure to visit the podcast website at www.DoctorFreedomPodcast.com 
S2 Episode 41: Save Your Practice by Increasing Your Revenue With Matt Pierce

S2 Episode 41: Save Your Practice by Increasing Your Revenue With Matt Pierce

April 24, 2020

Welcome back to the latest episode of The Freedom Formula for Physicians Podcast.

I’ve been listening to quote a few other podcasts lately. One in particular is focused on dentists. What’s fascinating to me as I listen and learn from these dental entrepreneurs is how much they are focused on having a steady stream of patients that aren’t referrals from other clinicians.

I really believe that the most financially successful physicians in the future are going to be those that are less reliant on reimbursements and more reliant on their own brand. From what I’ve seen so far, these physicians seem to have far more control over their time and their financial freedom.

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So, today, I’d like to empower you with information to help you do this. You my friend are the captain of your ship, in control of your destiny.

Our guest today has been focused on business development with a healthcare, tech generated focus throughout his whole career.

He’s been working in and around physicians for over a decade and has seen what is successful and what is not.

What’s really awesome about his current company is that they are focused on patient acquisition, reputation management, & retention marketing specifically for physicians.

So, let’s dive on in. I know we’re going to learn a ton today.

Please help me welcome Matt Pierce from Patient Pop.

In this podcast, you will...

  • Learn why a hospital based physician could (& probably should) utilize a system like this
  • Discover the 3 most important components of physician marketing
  • Learn how PatientPop proactively helps physicians collect reviews that are fantastic & in addition get constructive criticism from pissed off patients [without hurting your rep online]

In the BONUS whole unedited interview...

  • Learn the difference between ZocDoc & PatientPop
  • Discover the pros and cons of this SaaS (software as a service) & what you give up
  • Learn why a holistic marketing approach may be better 
  • How their system works & where it could help your practice

Resources Mentioned In This Podcast

PatientPop

ZocDoc

The Freedom Formula for Physicians

The WHOLE UNEDITED INTERVIEW WITH MATT PIERCE

 

S2, Episode 37: 3 Ways To Combat Physician Burnout

S2, Episode 37: 3 Ways To Combat Physician Burnout

April 17, 2020

For all the resources, show notes, and tons of free stuff, make sure to visit this podcast's website at www.DoctorFreedomPodcast.com

Have you ever struggled with the idea of being burned out? Maybe you’re not sure even what it is.

After all, you are working hard and going through the day doing your thing. It’s just part of the job, right?

Maybe you’re sitting here, listening to this podcast and reading these words & you’re feeling like you’re starting to feel disconnected at work and disconnected at home.

As I’ve been meeting with different physicians across the country, I’ve been shocked at the number of physicians that say that they wouldn’t go back into medicine.

I believe that’s why we need to make a paradigm shift.

The goal of this podcast my friends is to help you slash your debt, slash your taxes, and live a liberated lifestyle. However, to live a liberated lifestyle, we need to feel free and feel great about ourselves.

That’s why today we are going to tackle and empower you with 3 tools to combat physician burnout.

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In this podcast, you will discover:

  • How one physician turned burnout coach defines the differences between stress and burnout
  • Learn about the concept of ‘anchoring’ and listen to an entry from one of my private journals that I use to ‘anchor’ a moment of my past
  • Discover how professional speakers and salesfolks use anchoring in their pitches
  • How one cardiologist’s love of skiing caused him to take a paycut, but saved him from burnout and kept him in medicine
  • Why one physician believes that most doctors are too linear in their thinking and what you can do about it
  • The 3 ways a physician marriage counselor has identified that can prevent you from recharging your batteries at home
  • One of the best ways you can get happy again (Hint: It only needs to take 5 minutes a day)

Resources Mentioned In This Podcast:

How to Prevent Burnout with Dr. Dike Drummond

When Physician Mindfulness Training Is More Tempting Than a Cinnabon with Dr. Kim Aikens

5 Big Keys To Unlock Happiness In Physician Marriages with Julia Sotile Orlando

3 Steps to Financial Freedom For Burned Out Physicians

The Laws of Success by Napoleon Hill

 

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

S2, Episode 36- Shades of Gray- A Physician Fireside Chat with Dr. Ryan Gray

S2, Episode 36- Shades of Gray- A Physician Fireside Chat with Dr. Ryan Gray

April 10, 2020

Have you ever wondered….

 

What would I do if I could never practice medicine again?


This physician did. Find out how he overcame personal challenges and found a whole new passion in the process.

 

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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 has not only been a physician and is married to a physician, but is also a fellow podcaster.

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As a matter of fact, he recently received his second nomination for a top podcast in the science & medicine category, which is awesome and fantastic.

 

A little bio on him… He is a former Flight Surgeon in the United States Air Force. He graduated from the University of Florida with a B.S. in Exercise and Sports Sciences, and received his M.D. from New York Medical College.

However, he had a shift and I believe that he is no longer a practicing physician. He became the publisher of MedicalSchoolHQ.net and OldPreMeds.org.

 

What’s cool about his new gig- his podcasts are focused on helping medical students and pre-med students. I think there’s a lot we can learn about this transition and I’m looking forward to talking to him about it.

 

He says, “first, [I] found my calling as a physician. Now I’m an educator of future docs.”

Please help me welcome Dr. Ryan Gray.

 

In this podcast, you will discover:

  • How this physician started a side hustle & eventually transitioned out of medicine to be a full time podcaster
  • - Learn how he overcame his financial past to become debt free (and had medical school completely paid for)
  • - The top 2 actions that physician’s kids should think about before applying to medical school
  • - Why he doesn’t think physician burnout is a problem
  • - How a change in his health changed his future

 

S2, Episode 35-Kevin Pho- 3 Vital Tips To Managing Your Social Reputation (& Increase Your Income)

S2, Episode 35-Kevin Pho- 3 Vital Tips To Managing Your Social Reputation (& Increase Your Income)

April 3, 2020

Have you ever been concerned with a negative review? Are you wondering how you can protect your reputation and build your practice?

Then, on top of that...

Are you unsure of where to start with all these crazy websites to choose from? Should you use Facebook or Yelp or LinkedIn or Doximity?

You may feel like tearing out your hair in frustration! How the heck are you going to find the time to do all this?

If you feel like this, then you'll love our next guest...

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In this podcast with Kevin Pho, MD you will discover...

  • Learn the 2 actions that you need to take on social media
  • Discover the 6 vital tools that Kevin recommends
  • 3 tips on how to respond to a bad review & get a plethora of review instead
  • Why Yelp won't take down negative reviews (& what you can do about it)
  • How physicians can create a new stream of income from blogging like Kevin has (& what inspired him to create the site)

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