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Helping Physicians Slash Their Debt, Slash Their Taxes, and Live a Liberated Lifestyle
Episodes
Friday Dec 18, 2020
Friday Dec 18, 2020
My name is Dave Denniston, your host. Welcome back to the latest episode of The Freedom Formula for Physicians Podcast. I split this conversation into two parts- this is part one.
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.
Our next guest is a physician and a fellow podcaster and a blogger. He said that “I’ve lived my life in healthcare. I grew up in a medical household and later got an M.D. Now, in mid-life, I am saddened and dismayed. America is the wealthiest country in the world, yet we often bankrupt our citizens when they become ill. We cure what seems incurable but then abandon the many others. Care is often replaced by technology.”
He is now on a mission from his content to bring together the places, the people, and the systems that define this care and to have heart-to-heart conversations that can make changes in the system.
He is a Professor of Neuroradiology at the Barrow Neurological Institute, a Chief Medical Officer at Avizia, a husband, and a father.
Please help me welcome Dr. Alan Pitt.
In this podcast, you will...
For all the show notes, and more, check out the podcast website at www.doctorfreedompodcast.com
Friday Dec 11, 2020
Friday Dec 11, 2020
In part two of this interview with Dr. Peter Kim, you will discover:
- How his frustration with real estate led to a side hustle
- How he is monetizing the side hustle without physicians paying out of pocket for his services
- The nonprofit that is close to his heart & why he is donating to this cause
- How he found the time & passion outside of medicine & why he found more focus
- Why he thinks entrepreneurship isn't a special characteristic trait & why he thinks any physicians can do it
- Learn how he is reducing his clinical hours & his plan for the future
- Discover the role of real estate in his portfolio & his goals
Click here to discover all the resources, show notes, and mentions from this podcast episode.
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Friday Dec 04, 2020
Friday Dec 04, 2020
Some of us have to learn the hard way... through the school of hard knocks and through our own mistakes.
Others of us embrace our mentors. Sometimes it may take a kick in the rear end or sometimes a moment of epiphany.
Our next guest has experienced all of this and has some incredible words of wisdom for us.
Click here to discover all the resources, show notes, and mentions from this podcast episode.
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.
Our next guest has not only been a physician but also has created a side-hustle focused on concierge real estate for physicians called Curbside Real Estate.
A little bio on him… he is a practicing, full-time, anesthesiologist. He lives in beautiful sunny Southern California, my birth home. Go Lakers!
I mentioned that he has this passion for real estate that stemmed from his own frustrations and failures.
I know he has a ton of wisdom to share with us and with no further adieu…
Please help me welcome Dr. Peter Kim!
In part one of this episode, you will discover:
- How his relationship with his dad led to a passion for medicine
- The moment his engagement changed his perspective on finances and his management of money (Hint: It had to do with his father-in-law)
- The lessons he learned growing up & how debt impacted his future life
- The number of credit cards he had & why he fell into that trap
- How he hustled and got it all paid off within 1 year
- How my wife and I differ on how we grew up with the money
Click here to discover all the resources, show notes, and mentions from this podcast episode.
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Friday Nov 27, 2020
Friday Nov 27, 2020
For the full podcast and all the show notes, visit www.doctorfreedompodcast.com
With Christmas coming around the corner, family is on my mind!
In my family, we love to play all kinds of games. As a kid, we love Pinochle and Jenga and Match game and Chutes & Ladders and 'The Dice Game' and Yahtzee.
In reflecting on some of my favorite games (that aren't listed above), they really shaped & influenced my perception of money.
Are you looking for an amazing Christmas present that will be both fun & educational? Look no further!
In this podcast, you will discover:
- The 3 games that my listeners recommended
- My favorite all-time financial game that involves drilling for oil
- My recommended game that boils down Monopoly to only 15 to 20 minutes
- The top 4 lessons learned from Monopoly (Hint: One of them involves a mortgage)
- How to read your opponent's personality before you even start playing Monopoly
- The 2 games that I haven't played yet and want to check out
For all the show notes, transcription, and more, check out the podcast website at http://doctorfreedompodcast.com/
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Friday Nov 20, 2020
Friday Nov 20, 2020
For all the show notes, resources, & loads of free resources, check out more podcasts at www.DoctorFreedomPodcast.com
Have you struggled with trying to decide how to tackle your mountain of student debt?
Have you felt like pulling your hair and throwing your hands up in frustration over all of these options?
PSLF, IBR, PAYE, ICR, & REPAYE. All these acronyms float around in your brain and you aren't sure which one to choose!
Well my friend, no worries we have your back covered today!
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 allow me to guest post on his blog for the second time and now he is generous enough to share with us his journey and his wisdom.
I wanted to invite him back because he is a wealth of knowledge! As a matter of fact, he helped my wife and I save a few hundred bucks on our phone upgrade.
He is currently a radiology resident at Florida Hospital Orlando. 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
Currently, he’s been focusing on topics relevant to a recent medical graduate such as loan repayment and financial organization.
I can’t wait to get an update from him!
Please help me welcome Dr. Bo Liu
In this podcast, you will discover...
- Why did he switch from IBR to REPAYE
- His inspiration to start a blog
- Learn how you can get the government to subsidize the interest on your loans
- Why you need to understand the difference between subsidized & unsubsidized loans
- Why paying zero is a good thing (Hint: It leads to a lot more of something good)
- Discover the burden of capitalized interest & why REPAYE wouldn't be a good fit for some doctors
For all the show notes, and more, check out the podcast website at www.doctorfreedompodcast.com
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Friday Nov 13, 2020
Friday Nov 13, 2020
Are you frustrated with your stagnant wages? Are you wondering how you can reclaim your time?
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.
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 digital marketing.
As a matter of fact, I am really geeked out because I admire this man. He is the host of the Onward Nation podcast.
I just love listening to his voice!! He was made for radio. As a matter of fact, I may sound like a squeaky mouse next to his deep, booming, & beautiful voice.
Anyhow, even more importantly, he is someone who is authentic and transparent and is a good soul. In a world with a lot of BS, he is someone who brings optimism with a dose of reality.
I know because I was honored and privileged to be on his podcast about six months ago and we’ve chatted several times since. He is a friend and a mentor and I am humbled to have him on this podcast.
So, let’s dive in. I know we’re going to learn a ton today.
Please help me welcome Stephen Woessner from Predictive ROI.
In this podcast, you will discover:
- How to attract your ideal patient & achieve clarity
- Discover how a podiatrist has been miserable cutting toenails & what he can do to break out of that
- The very first step that you need to take digitally to appeal to your ideal patient
- Discover Stephen's recipe for success
- Learn about the shortcut of an unpaid intern to turbo-boost your platform
For all the show notes, and more, check out the podcast website at www.doctorfreedompodcast.com
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Friday Nov 06, 2020
Friday Nov 06, 2020
It was May 13th, 2012. Mother’s Day. My wife, Cyrena, was having an incredibly difficult pregnancy. She had pounding headaches, blurred vision, and searing pain throughout her body.
As a matter of fact, she had been in and out of the hospital for the last two weeks. Our tiny daughter was only developed 23 weeks in gestation. Her due date was September 9th, 2012. Unfortunately, my wife had extremely early onset toxemia and preeclampsia.
Amid tears, she gripped my hand as we were told, “The blood flow is slowing between mom & your daughter. She is fighting, but she is getting weaker and weaker. In our opinion, she needs to come out, but it’s your choice."
With a heavy sigh and two heavy hearts, we agreed with the doctor’s opinion and asked them to proceed. There I was trembling, turning around explaining the situation to my six year-old daughter Gabrielle (we call her Gabby). I got down on one knee. Tears were rolling down my cheeks. I told her, “Gabby, I need you to believe with me. Your sister might not make it today.”
Gabby’s eyes got so big. Her eyes started watering. I thought I was going to lose it. Leaving Gabby with a family friend, I then promptly went into the surgery room to be with my wife. I was trembling and gnawing with anxiety. I couldn’t stop pacing.
An hour and many prayers later, the doctors were right. Our little tiny baby, barely halfway through the pregnancy process, made it. She survived!
Born at nearly 12 oz. (a few ounces short of one pound!), she is our miracle baby. We named her Evangeline meaning “bearer of good news”.
This was the incredible story that caused me to work with physicians. In this podcast, you will hear me interviewing my oldest daughter Gabby (pictured above at 5 years old). She is now 11 years old and is in 6th grade.
It was so inspiring and heart-felt to hear her perspective on this journey and what she went through emotionally.
In this podcast, you will discover:
- How my daughter almost broke down & what the most challenging times in our lives have been
- What she didn't know about doctors
- What it is like to live with a financial advisor
- Learn what you may not know about me (Hint: It involves screaming)
For all the show notes, transcription, and more, check out the podcast website at http://doctorfreedompodcast.com/
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Friday Oct 30, 2020
Friday Oct 30, 2020
In this episode, I am taking a step back to reflect on my journey over the last year and a half to give you an update on the ups and downs and lessons learned.
Discover what I would do differently and what I would never change.
If you've listened to episodes from Season 2, Season 3 and Season 4 where I talk about my financial experiments in acquiring City Building Kit and land investing journey, make sure to catch up with this episode so you can see how I've progressed and how I think about.
Or, alternatively, check out all of these links in the show notes if you have missed those episodes from the past...
Interviews with Other Land Investors (newest to oldest)
Land Investing 201 with Seth Williams
Should You Flip Land? with Casual Fridays REI
The Duel Interview on Land Investing with Kenyon Zitka
Another Perspective on Land Investing with Seth Williams
Create Passive Income with Scott Bossman
How To Be a Land Geek with Mark Podolsky
My Quarterly/Annual Updates (oldest to newest)
My Financial Experiments-Q2 2017 Update
My Financial Experiments-Q3 2017 Update
My Financial Experiments- Q4 2017
My Financial Experiments- Q1 2018
My Financial Experiments- Q2 2018
My Financial Experiments- Q3 2018
For all the show notes, and more, check out the podcast website at www.doctorfreedompodcast.com
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Friday Oct 23, 2020
Friday Oct 23, 2020
Every so often we hear from one of our listeners who has a guest suggestion. After I do some vetting, I may or may not invite them to be a guest on the show.
Our next guest was suggested by listener Dr. Young An who was kind enough to connect us together.
Here's what Dr. An said...
"After listening to your recent podcast about mortgage notes as an avenue for passive income, Martin is also a national leader in the mortgage note field. He’s authored several books on the subject, teaches nationwide courses on mortgage note investing, and runs a Facebook note investing group with a substantial following.
Martin and his principal partner Shawn Muneio have helped me a great deal to diversify my passive income portfolio and actually get into the note business. They also run a note fund which allows busy professionals to more easily diversify into note investing, with a specific mission to help troubled borrowers get back on track AND stay in their homes. I wanted to make a connection with you since they'd be a great resource to add more value for your physician listeners who have become interested in note investing after hearing the podcast."
After having some correspondence with Martin, he was kind enough to send a book my way.
This book was super-short, but also very helpful. It was enough information for me to start note investing on my own. It convinced me on top of the referral that this was a very good person to be a guest on the show.
In all honesty, I don't really need a new shiny object right now with my compressed schedule. However, this business model is very intriguing, but it definitely reminded me a lot of the land business as you'll discover in this interview.
For the right physician, this could be an amazing side hustle to supplement their day gig.
Martin discussed a lot about his new fund and I kept on trying to steer him back to the business owner side of things, but it was still a very good interview that I hope will inspire you.
Please help me welcome Martin Saenz to the show!
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Friday Oct 16, 2020
Friday Oct 16, 2020
In this episode, I am taking a step back to reflect on my journey over the last 3 years in land investing and specifically my experiences with The Land Geek.
There's some great, some good, some bad, and some ugly.
There are certainly some mistakes I've made along the way.
However, I want to make sure you are aware, with eyes wide open of all the different possibilities out there. Because.... hint, hint... I don't think the Land Geek is the best solution in the marketplace now.
If you've listened to episodes from Season 3 and Season 4 where I talk about my land investing journey, make sure to catch up with this episode so you can see how I've progressed and how I think about.
Or, alternatively, check out all of these links in the show notes if you have missed those episodes from the past...
Interviews with Other Land Investors (newest to oldest)
Land Investing 201 with Seth Williams
Should You Flip Land? with Casual Fridays REI
The Duel Interview on Land Investing with Kenyon Zitka
Another Perspective on Land Investing with Seth Williams
Create Passive Income with Scott Bossman
How To Be a Land Geek with Mark Podolsky
My Quarterly/Annual Updates (oldest to newest)
My Financial Experiments-Q2 2017 Update
My Financial Experiments-Q3 2017 Update
My Financial Experiments- Q4 2017
My Financial Experiments- Q1 2018
My Financial Experiments- Q2 2018
My Financial Experiments- Q3 2018
For all the show notes, and more, check out the podcast website at www.doctorfreedompodcast.com
Read the rest of this entry »