Freedom Formula for Physicians Podcast

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 comp

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). Acquire a seek peak to into The Young Physician's Guide to Money and Life Discover why credit cards 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/ ----more--------more---- Investment advice is only offered in jurisdictions where Centurion Financial St

Our next guest is a surgeon turned serial entrepreneur, asset manager, and podcaster. He finished his surgical training in 2008. Since then, he has started multiple seven and eight-figure businesses and has amassed a substantial portfolio of investments in the real estate, energy, internet, and health sectors. He is also a financial educator. He is the host of the Wealth Formula Podcast and international #1 best-selling author of 7 Secrets of Eternal Wealth. His mission is to provide financial education for high-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

More than a few times, you may have heard about my latest adventures inland 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

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 of 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

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 learns about Nii Darko and how he has taken his tough lessons and is helping other doctors not make the same mistakes. In the second podcast, you will discover resources to help with digital entrepreneurship In 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 In 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/ ----more--------more---- Investment advice is only offered in jurisdictions where Centurion Financial

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 episode:   In these podcasts, we’ve interviewed experts of all kinds- debt, burnout, real estate, and taxes. I thought, hey it’s about time we found a tax guy again and so, I go out there and do a search. That’s where I found our next guest. He is a CPA and he is the co-host of a podcast- however, he doesn’t prepare personal taxes. He is a comedian on the side- a comedian and a CPA, talk about complete opposites, right? He’s shared the stage with Weird Al, Christ Kattan, and Rob Schneider to name a few. Anyhow, like I said he doesn’t prepare personal taxes- instead he is a controller and general manager of some medical office buildings. What’s so interesting about his day gig- is that he sees a lot of issues with succession planning and buying and selling private practices. So, I know we’re going

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 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. My friends, in this show, I try and dig deep to find interesting people. As a matter of fact, our next guest was featured on the August 27th, 2016 episode of Dr. Nii Darko's podcast, Doc's Outside The Box. I was immediately drawn to this episode, as it was titled, "This doctor had it all, but didn't want it." She was a top performer in medical school, and then got to the point of struggling with whether or not she wanted to be in clinical medicine. Fresh out of residency, she decided she not. In this interview today, we’re going to talk about her journey and successful transition, because now she is helping other physicians do thi

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 episode: My friends, in this show, I try and dig deep to find interesting people. As a matter of fact, LinkedIn is a wonderful tool and this physician reached out to me on LinkedIn. He also was kind enough to mention the podcast in a post that I will link in the show notes. http://www.physicianspractice.com/blog/listen-podcasts-physicians Our next guest is the author of that post. 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-bor

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 special guest today is a fellow podcaster, a hospital-employed radiologist, and prior to that, he served as a physician in the U.S. Air Force.  His podcast is Dr. Money Matters. In this podcast you will: Learn about Tarang's upbringing and background leading to his career Take in his experience of not getting into medical school the first try, but how his perseverance lead him to where he is now Attain an inside look into the dot.com boom from Tarang's perspective during his medical school years Hear about his residency years and what lead him to the radiology field and his service in the Air Force Learn about some investment mistakes Tarang's father, who is also a physician, made early on his residency and practice in the US, after moving the family from Africa to the United States and what Tarang has set in place to avoid those same mistakes Re

Welcome back to the Freedom Formula For Physician's Podcast.  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 1 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 my life Discover what's going on with my different financial experiments Hear about what's working and what's not working Know the lessons I'm learning along the way I hope through this podcast, you see that although there is a lot of work, there is also a huge amount of opportunity.  So whether you're getting into something similar to what I'm doing-buying a business, starting a new business, or something c

Welcome to another episode of Freedom Formula for Physician's Podcast.  I'm excited to have a repeat guest, Nii Darko, from Doc's Outside The Box, on today's episode.  He's sharing the excitement of paying off not only his student debt, but his wife's also.  Combined they shared $662,000 of debt.  He shares about how he and his wife early on were paying more into their cash value plans than into their student loans, and that the frustration of that lead them to say "enough is enough".   In this podcast you will: Discover why if you're married, working with your spouse as a team to combine and slay your "debt dragon" together is the best strategy  Learn how surrendering their cash value life insurance helped Nii and his wife pay off a significant amount of their debt Uncover a great method to paying off your debts by categorizing Discover the sacrifices Nii and his wife made to pay down their debts Hear Nii's thoughts on how he feels the medical field is changing Resources mentioned in this podcast: Doc's O

Welcome, my friends to another episode of Freedom Formula for Physician's Podcast.  I have been sharing my own financial experiments with you, and it's been great having guests on the podcast that I've met through those financial adventures.  Today my guest is Scott Bossman, another land-flipping colleague of mine, who shares his own experience in what most would call, a "boring" business.  Throughout our episode today, you will hear Scott's journey of how he and his wife's decision to venture into land flipping not only helped to create financial freedom and independence for them and their four growing boys but also helped him to better appreciate his career as a physical therapist. In this episode you will: Hear how Scott dealt with and overcame the anxieties of starting the land flipping adventure Learn why the relationship is key in every type of business Discover the success of raw land flipping  Learn each step and the tools of the business Hear an update on my own land flipping business adventure Re

Our next guest is a cardiologist from Northern California… and you guessed it- he is also a…. blogger- another blogger I found courtesy of the extremely lengthy blog roll from PhysicianOnFire. He’s someone who is really passionate about his family and is playing around with the idea of retiring early but doesn’t seem quite sure yet. So, we’re going to get into that. He’s 5 years into being an attending physician and is well on his way to financial independence. Anyhow, I can’t wait to hear about his journey and his advice for us! Please help me welcome EJ from Dads, Dollars, and Debts. Welcome EJ! In this podcast you will: Acquire his views on living a modernism lifestyle versus a minimalist lifestyle. Learn how his family influenced his habits with money: spending and saving. Did EJ take on his parent's spending habits? Discover how a house fire ended up benefiting EJ and his family financially. Hear how EJ and his wife view spending money and how they balance their differences. (HINT: You may be surprised

My friends, in this show, I try and dig deep to find interesting people. Our guest today is not a doctor, but she is married to one. She is married to a surgeon and she is on a mission to help other physicians. Help them to understand their path and what it is like to be married to a physician.   She and her husband got married before he started his medical path. For 16 years they have struggled, triumphed through the MCAT, through medical school, through residency and fellowships including a specialty change. They have 4 kids and she knows that being married to a physician is not an easy journey. I know she is going to bring to us some wisdom and talk to us through their journey. Please help me welcome, Lara McElderry! Welcome, Lara! In this podcast you will: Learn the lessons that Lara would share with the physicians on how they could support their spouse and nurture their marriage. Discover the curveball that they dealt with that could have ended her husband's medical career. Learn how they survived havin

Our next guest is a board-certified anesthesiologist working both in academic/private hospitals in Los Angeles. She is an entrepreneur, an author and a mother of two, and a wife. Where does she find the time? In an attempt to raise money for her start-up, she accepted the challenge and opportunity to compete as a castaway on the hit reality TV show Survivor. She was on the hit TV show during season 5 of Shark Tank. Edna has written three children’s books that celebrate cultural and racial diversity. Outside of the operating room, Edna attempts to balance work, life, and being a mother/wife. I bet she has some tips we all could use for work-life balance. Please help me welcome Dr. Edna Ma! In this podcast you will: Discover how Edna balances her medical career, family, and entrepreneurship ventures. Explore the pros and cons that came from her experience on Shark Tank, Did she get a deal??? Receive tips and tricks to help you get on Shark Tank, the process may be a lot different than you may think it would be

When you think about money, your spending habits, and your instincts do you analyze the mental and emotional side to finance? Most people do not realize that there is a correlation between spending and human emotion.  Emotions play a powerful role in shaping our financial behavior, often making us our own worst enemies as we try to save, access value, and spend responsibly.  I have read the book: Dollars and Sense by Dan Ariely and Jeff Kreisler. I am going to give you a short synopsis of the book and my thoughts on the mental side of spending and saving your money. In this podcast you will: Learn the mental side of finance aka behavioral finance and how your spending habits may or may not change based on your mood. Discover if getting something for free is too good to be true (HINT: You may be surprised by the very common result of a free promotion).  Acquire ways that people avoid pain when it comes to money and spending. A lot of these tips are very easy to put into your routine. Gain practical tools need

Hello, my friends, this is Dave Denniston, and welcome back to another episode of Freedom Formula for Physician's Podcast.  The podcast is dedicated to helping doctors like you slash your debt, slash your taxes and live a liberated lifestyle.  As you know, there has been a lot of focus on tax reform.  This will be my final one for the current future, and today's focus will be small businesses-S-CORPs, sole proprietorships, etc. In this podcast you will: Discover how the new tax reform will impact small businesses Learn the difference between a corp and a sole proprietorship Discover how taxes differ between FICAs-Social Security and Medicare Get lots of questions answered from our episode with Craig Cody in February 2018 Learn the difference between "above the line" and "below the line" tax deductions Uncover the still looming question, "Does the taxable income have to do with all of your income, or is it just based on your business income?" Resources mentioned in this podcast: How Pass-Through Income Will

Hello, my friends, this is Dave Denniston, and welcome back to another episode of Freedom Formula for Physician's Podcast.  Joining us for this episode is a three-time guest.  He is an author, mortgage lender, specializing in physicians, dentists, CRNAs, and PAs, and you'll hear him on his own podcast, Physician Financial Success Podcast.  Please help me welcome Josh Mettle.  In the past, we've discussed buying homes and rental real estate.  This is a great time of the year to discuss these topics if you're transitioning to practice, buying your first home.  Or maybe you've been an attending for the last year or two and now you're considering buying your first home.  This episode is just for you.    In this podcast episode you will: Hear about the two colliding forces that will cause mortgage interest rates to go up from here on out, and how to prepare yourself for it Learn why mortgage rates are starting to move up, yields are moving higher, how that is affecting the season of buying bonds and how that will

Welcome back my friends to the latest episode of Freedom Formula for Physicians' Podcast.  I'm honored to have a guest on here with us today that has tons of experience in podcasting. With over 6 million downloads of his podcast and an accomplished career in the financial world, he is now enjoying life, traveling the world, and helping people with financial issues and questions. Please help me welcome David Stein of Money for Rest of Us.   In this podcast episode you will:   Be motivated to not just settle with getting by Learn how to think "forward" as our economy is always changing Hear David's story of starting with nothing and moving to prosperity based on moving his thoughts to actions and taking necessary risks Discover David's formula for how his podcast is growing-it involves investing in his listeners and giving away resources for FREE Learn what some of the biggest financial pitfalls can be Be motivated to develop a lifestyle business after retiring, especially if you retire early  Resources menti