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

This October we are doing a series of podcasts featuring Dave being interviewed on other podcasts. Financial independence can be challenging. In addition to foregoing nearly a decade of meaningful income, many physicians come out of medical school with student loans that can be in the six (and now even seven) figures. All the while physician income has remained flat relative to inflation. Consequently reaching financial independence can be far more difficult for physicians now than those who practiced decades ago. In this podcast you will: Find out why Dave decided to create his podcast and what family miracle was the driving force. Dave explains what financial independence means and why he considers it so important for doctors to pursue it. Learn the challenges that have impeded true financial freedom and how doctors take the steps necessary to overcome them. Acquire the steps that Dave thinks all physicians MUST take in order to obtain financial freedom. For all the show notes, transcription and more, check out the podcast website at http://doctorfreedompodcast.com/  

Shane Connor is a leading producer of staffing and recruiting sales who began pouring his commissions into passive commercial real estate investments at age 27. Shane continues to use commissions as the fuel to his passive income fire and is now passionate about helping others access these same investment opportunities building and preserving their wealth. He is a man of many talents: Servant Leader, Financial Coach, Syndication Expert, and author. Author of the eBook The Definitive Guide to Passive Income from Commercial Real Estate Investing, Shane is ready to shine the light on financial security through a variety of means including passive investing in commercial syndication, value-add investing and more. Help me welcome Shane Connor, Welcome Shane! In this podcast you will: Learn why and how Shane helps veterans get the medical care that they need and is not always readily available. Discover how he got into commercial real estate and why he invested his commissions into commercial real estate. Acquire strategies on how to filter out potential negative investors/partners and how social media can be a tool to avoid them. Receive details on the side hustle that he has created for physicians and residents. Learn what an operator is versus a sponsor within the investment market and how they operate. For all the show notes, transcription and more, check out the podcast website at http://doctorfreedompodcast.com/

Dave is talking with M.C. Laubscher, a wealth strategist and the President and CEO of Producers Wealth. He is also a podcaster at Cash Flow Ninja interviewing Robert Kiyosaki, Kevin Harrington, Ron Paul and dozens of others. M.C. Laubscher is a wealth strategist, educator, and financial freedom fighter.  He is the President and CEO of Producers Wealth and creator and the host of the popular and top-rated business and investing podcast, Cashflow Ninja. M.C. challenges existing societal belief systems and misinformation around concepts such as money, saving, investing, wealth and retirement. M.C. moved from South Africa to America in 2001. He will talk about his life in Africa and here in the United States; his journey in his professional career and his experience in land investment. He will talk about money, saving, investing and retirement. Help me welcome M.C. Laubscher, Welcome M.C.! In this podcast you will: Discover  M.C.'s advice when investing in real estate and how to make it a stream of income. Receive advice on how to build your support systems/employees to make your side hustle successful without taking more of your time. Acquire the advice that M.C. wish he had when he was starting out in real estate and investing.  Learn what is the key to managing money on multiple levels and make your money work for you in numerous ways. For all the show notes, transcription and more, check out the podcast website at http://doctorfreedompodcast.com/

This episode we are chatting with Landon Roussel, a physician, and podcaster who was born in Louisiana. Landon will be talking about his origins, the financial support he was given to attend medical school, the requirements for the loan that he received and his experience of being an employed physician.  Landon's Direct Primary Care Podcast (DPC) is a podcast focused on a new and innovative model of healthcare. Once thought to be a practice only for the wealthy, DPC is now spreading across the country and becoming available to all as a more feasible, sustainable and happier model of care delivery. Please help me welcome Landon Roussel, Welcome Landon! In this podcast you will: Access the information on financial support the government provides for students of medicine. Discover the reason that Landon bought land and what he is doing with it that will save him money long term. Learn it is like to work at hospitals and why Landon would rather drive Uber than be a physician. Learn why Landon thinks that people are addicted to insurance companies and how it has effected the growth of his business. Acquire how Landon started his business and how he charges his clients for care.   For all the show notes, transcription and more, check out the podcast website at http://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. 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 is a man on a mission; to teach doctors how they can live healthy, happy, and debt-free lives–to regain control of their practice, their time, and their finances. He is making an effort to improve the lives of his colleagues. Cory will tell us what the life of a physician is like when you get retired, his thoughts on retirement in general and what he is doing now. Please help me welcome Cory Fawcett, Welcome Cory! In this podcast you will: Gain advice to run a business and manage money through internet. Acquire retirement pension and penalties guidelines and how Cory is choosing to use his retirement funds. Learn the view on money that retirement may bring to you (HINT: You may be surprised).  Discover Cory's views on his real estate side hustle and balancing retirement. Gain Cory's advice on retiring and balancing stressors.  For all the show notes, transcription and more, check out the podcast website at http://doctorfreedompodcast.com/

Have you ever wondered... what would it be like to retire at 38 years old? What would you do? How would you live your life? You are about to discover how one physician could do just that... In this podcast, you will learn: The biggest difference between living overseas and in the US Why she was worried about her dad & how it led to a burning interest in money How she finished medical school with virtually no debt (Hint: She got most of her loans at a ZERO percent rate. Find out how she did it) Discover why she decided to buy a home in residency, even though most of us suggest not to For all the show notes, transcription and more, check out the podcast website at http://doctorfreedompodcast.com/

Shanyn Stewart is not your typical accountant. She’s a serial entrepreneur and fearless single mom who has a background in military tactical training and is not afraid to stand up to anyone, including the IRS. A gun-toting, libertarian proactive tax strategist, Shanyn has built ateam of tax and financial experts to assist clients in legal tax avoidance. They say that there are two things in this world that are guaranteed, death and taxes. Shanyn has faced life and death situations while traveling internationally and came out the other side so she can be fearless when it comes to everything, including her work. Shanyn began her career with General Electric as one of two advisors that worked directly with GE employees and executives to mitigate taxation throughout the country.     Armed with years of tax navigation experience, in 1996 she started Advanced Accounting to help clients apply those principles she learned at GE to assist in reducing their tax liability. In this podcast you will: Learn the difference between a tax preparer and a tax strategist. Discover how taxes are calculated by using technology. Acquire tax reduction strategies that fall within the new tax reform laws. Discover what insurance companies do and how they assess risk. For all the show notes, transcription and more, check out the podcast website at http://doctorfreedompodcast.com/

If you have been listening to me for the last year, or maybe you're brand new, what I'd like you to do is go back to the archives, and check out season 3, where I started going through this process of acquiring other assets, trying to create multiple income streams.  So this is the Quarter 2 2018 update.  I'll be discussing my online business, this podcast, and my latest craze, land flipping while walking you through my highs, my lows, and the specifics of these various ventures. In this podcast you will: Get an update on what's going on with the podcast and sponsors Discover what's going on with the city building kit and some unexpected opportunities that have come along Hear about what's working and what's not working Know the lessons I'm learning along the way For all the show notes, transcription and more, check out the podcast website at http://doctorfreedompodcast.com/

Brent McClure is not your typical CPA. He is a visionary, a change agent, and paradigm breaker for the accounting profession as well as businesses across multiple verticals. Brent, in essence, grew up in his family grocery store and took a love of business from an early age and turned it into his future.A results-oriented Senior Executive and Consultant with more than 20 years of success, Brent crosses many business verticals: financial services, construction, SaaS, retail, distribution, manufacturing, oil & gas, and technology industries.   In his experience, Brent has learned that hiring a CFO isn’t something many small or medium sized businesses can afford, yet many times desperately need. With this knowledge, he started promoting his CFO services as more of an outsourced, a la carte, offering via McClure Consulting & Advisory, LLC. Please help me welcome Brent McClure, Welcome Brent! In this podcast you will: Discover how Brent has made the CEO position a virtual position to help small and medium-sized companies.  Learn what the two-minute rule is and how it helps you be more successful within your business. Aquire different ways that business owners can improve their cash flow. Learn the most important lesson that Brent thinks is the most important aspect to educate yourself in and have a trustworthy resource as well. For all the show notes, transcription and more, check out the podcast website at http://doctorfreedompodcast.com/  

Today, we are going to focus on physician employment contracts and chat with Jon Appino, the CEO of Contract Diagnostics. As a matter of fact, this is Jon's SECOND time on the show. This interview was recorded all the way back 2 years ago in the summer of 2016--- it inspired the contracts section of The Young Physician's Guide to Money & Life. 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 the 3 parts of physician employment contracts How to compare in terms of compensation/geographic location why public data is DRAMATICALLY FLAWED Where there are discrepancies in data for a particular specialty The first 5 commandments of employment contracts For all the show notes, transcription and more, check out the podcast website at http://doctorfreedompodcast.com/

Welcome back to the latest episode of the Freedom Formula for Physician's podcast. This week we will be discussing my new book: The Young Physicians Guide to Money and Life. We will discuss the trials and tribulations that were involved while writing this book. Also, find out why this book was almost not released to the public.   Please enjoy this chapter of the book and the background that went into this passion project of mine!   In this podcast you will: Learn why this was the hardest book for Dave to write (HINT: It had nothing to do with the content of the book). Aquire a seek peak to into The Young Physician's Guide to Money and Life Discover why credit cards a filing bankruptcy might be a better way to eliminate your student debt...this is very controversial and only one point of view. For all the show notes, transcription and more, check out the podcast website at http://doctorfreedompodcast.com/

Our next guest is a surgeon turned serial entrepreneur, asset manager, and podcaster. He finished his surgical training in2008. Since then, he has started multiple seven and eight-figure businesses and has amassed a substantial portfolio of investmentsin the real estate, energy, internet, and health sectors. He is also a financial educator. He is the host of the Wealth FormulaPodcast and international #1 best selling author of 7 Secrets of Eternal Wealth. His mission is to provide financial education forhigh paid professionals. His name? Buck Joffrey, MD In this physician fireside chat, we are going to explore his journey, his struggles with finances and outside of finances. Now, I must tell you ahead of time- WARNING- he is very opinionated about the streams of income and is VERY against the piles of cash mindset. As a matter of fact, he was kind enough to host me on his podcast which you can find here. However, this podcast isn't about me-- it's about his journey. For all the show notes, transcription and more, check out the podcast website at http://doctorfreedompodcast.com/

More than a few times, you may have heard about my latest adventures in land flipping, but don't take my word for it... In this podcast, I welcome the one and only RE Tipster aka Seth Williams. This ruggedly handsome fella has been in the biz of real estate and land flipping over the last decade and his approach is in some ways very similar to mine, but also has some very stark contrasts. What I love about his content is that it is raw and real. He provides TONS of content on the do's and don'ts of land flipping and real estate in general. He isn't afraid to tell us about how hard it is to work this business---- especially when you get started out. He has countless blog posts that help guide us and direct us on how to get there. Needless to say, I was very geeked out and honored to spend some time with him chatting about flippin' dirt.   In this podcast, you will discover... How he got into the land investing business during the 2008 crash Where he first invested in land and why he started there (Hint: It was a capital problem) Why his advice is "the best deals are the ones you don't do" How much he invested and made in his first deal Find out what list that he started with (and what he avoided) What response rate he gets on average    Resources Mentioned In This Podcast: Seth's Website--- RETipster.com Seth's Podcast--- RETipster Rich Dad, Poor Dad by Robert Kiyosaki My Q1 2018 Quarterly Update  

This June we are focusing our attention on the Top 5 Podcasts that we had in 2017. They are a great mix of topics from real estate, taxes, and the ever popular side hustle. Here are the notes and resources from this MOST popular episode EVER:   Have you been wondering- how the heck can I pay less in taxes? If you have been grappling with this question or if you are simply curious about taxes, you are going to love our next guest. Our next guest’s expertise lies in the area of tax planning. His goal is to make sure doctors like you across the United States are paying the least amount of income tax they can legally pay. He is a Certified Tax Coach, CPA, Business Owner and Former New York City Police Officer with 17 years experience on the Force As a Certified Tax Coach, he belongs to a select group of tax practitioners throughout the country who undergo extensive training and continued education on various tax planning techniques and strategies to become, as well as remain, certified. With this organization, he has co-authored an Amazon best seller book, Secrets of a Tax-Free Life. As a matter of fact, I ran across him because he was recommended by a listener of the podcast. I know we’re going to learn a ton today. Please help me welcome Craig Cody. In this podcast, you will... Learn what the difference is between a tax planner and tax preparer Discover what to expect with proactive tax planning How hiring your spouse can avoid 1099 & W-2 income (Hint: This is NOT a HSA & is not available to some companies) Learn what qualifies for this incredible tax deduction and what is 'reasonable' How Craig hired his kids to get a tax deduction for their tuition & what you shouldn't do (but you can still avoid FICA taxes) Discover a very creative tax deduction that involves a pool (Yes, the one you swim in!) Learn where to draw a red line on a 'hobby' business Discover why electing late may be a good idea. Find out how. How gifting & leasing can be an amazing tax deduction Resources Mentioned In This Podcast: Craig's Profile On LinkedIn A Resource from Craig for You

This June we are focusing our attention on the Top 5 Podcasts that we had in 2017. They are a great mix of topics from real estate, taxes, and the ever popular side hustle. In this podcast, Dave Denniston talks about the Top 5 Podcasts for Physicians. In this podcast you will: The first podcast learn about Nii Darko and how he has taken his tough lessons and are helping other doctors not make the same mistakes. The second podcast you will discover resources to help with digital entrepreneurship The third podcast you will gain many resources that will help female doctors with finances and life balance The fourth podcast learn how he buys and resells practices for profit The fifth podcast you will acquire numerous resources that will benefit medical students and practicing physicians For all the show notes, transcription and more, check out the podcast website at http://doctorfreedompodcast.com/