Wealth Mavericks

In this episode of Wealth Mavericks, Erin sits down with Dr. Subrat Khanal, a pulmonary and critical care physician, to discuss how he and his wife intentionally balance thriving medical careers, raising a family, building wealth, and prioritizing health. From developing financial freedom to mastering daily habits for longevity, Dr. Khanal shares practical insights on how to live intentionally and...

Most doctors don’t realize what their bills actually cost once taxes are factored in. A $5,000 mortgage? That’s nearly $8,000 in earned income if you're in a high tax bracket. In this episode, we unpack how taxes impact your everyday expenses—and what you can do to flip the equation. From thinking like a business owner to reworking your cash flow, we’re showing you how to reclaim your dollars...

If you're a practice owner feeling frustrated with your staff—this episode is for you. We hear it all the time: team members falling short, complacency creeping in, and that dangerous "not my job" attitude. In this powerful conversation, we unpack why it all starts with you , the leader. From establishing clear expectations and core values, to hiring the right people and truly knowi...

Filing an extension isn't a sign of being behind — it's a strategic move that gives high-earning doctors more peace and fewer mistakes. In this episode, Erin and Bob explain why extensions are standard at Terra Firma, how they help prevent costly errors, and why shifting your mindset around tax time is key to thinking like a business owner.   Whether you're waiting on K-1s or just n...

In this episode, we explore the emotional side of financial decision-making—the part no spreadsheet can measure. From the desire to be debt-free to the fear of letting go of cash savings, emotions often shape our money moves more than logic. We dive into how feelings like security, guilt, and joy play into major decisions like paying off a mortgage or building wealth. If you’ve ever felt stuck bet...

Cash value life insurance gets a lot of mixed reviews—some call it brilliant, others say it’s a waste of money. In this episode, we break down how cash value life insurance can actually be a powerful wealth-building tool when used the right way. We explain where it fits into your financial plan, why it’s not one-size-fits-all, and how doctors like you can avoid common mistakes.  Whether you'r...

In this episode, we challenge the traditional thinking around credit cards and emergency funds. Should you really keep six figures in cash earning next to nothing? Or is there a smarter way to access capital when you need it—without sabotaging your long-term wealth? We break down the mindset shift our members go through and show you how the wealthy leverage credit (without falling into debt traps)...

Pay Off Your Mortgage or Invest Instead? For many doctors, being debt-free feels like the ultimate financial milestone. But is paying off your mortgage early actually the smartest move? In this episode, we break down when it makes financial sense, how your tax status changes everything, and why business owners and W-2 earners need to approach this decision differently.  If you’ve got extra cash ea...

What’s the best job you’ve ever had—and what made it great? Chances are, it wasn’t about the paycheck, but the culture. In this episode of Wealth Mavericks, exploring how doctors and practice owners can build a thriving company culture that drives retention, joy, and long-term success. Whether you lead a team or are part of one, we share simple, actionable steps you can take to create clarity, con...

This week, we're diving into one of our favorite topics: net zero tax liability . Most doctors think it’s impossible—but it’s not. In this episode, we break down how high-income physicians can use the tax code, business structures, and strategic investments to dramatically reduce (or even eliminate) their tax bill. We’re not talking loopholes—we’re talking real IRS-approved strategies that sh...

Are Defined Benefit Plans the right move for doctors? In this episode of Wealth Mavericks , we break down how they work, their tax perks, and the risks most advisors don’t mention. Locking up capital and future tax surprises could cost you. Before committing, get the full picture and make a smarter retirement plan.   Learn how we can help you: https://www.terrafirmaconsultant.com/   Connect with E...

Doctors, are 401(k)s really the best way to save for retirement? In this episode, we break down the real rules behind 401(k)s, IRAs, Roth IRAs, and other retirement accounts—plus what high-income earners need to know about taxes, asset protection, and building wealth beyond the basics.   If you've ever wondered "Am I saving the right way?" this one's for you. Schedule some time...

Success isn’t random—it’s purpose-built. In this episode of Wealth Mavericks, we break down why clarity in values leads to better financial and business decisions. Whether you’re running a practice, growing wealth, or just trying to get your financial life in order, having a clear vision makes everything easier.  Stop living in reactive mode and start building wealth with purpose. Schedule some ti...

If financial chaos is holding you back, this episode is for you! We break down simple, practical steps to get organized, reduce stress, and stop leaving money on the table. From setting up a tax box to tracking your assets, these easy habits can save you thousands and help you build peaceful, sustainable wealth. Stop procrastinating—take control of your financial life today. Connect with Erin on L...

Why do the rich get richer?  In this episode of Wealth Mavericks, we break down how the wealthy use the tax code, build productive assets, and make smarter financial moves to stay ahead—and how you can do the same. It’s not about working harder; it’s about making your money work for you. Ready to level up and stop leaving money on the table? Tune in now! Connect with Erin on Linkedin: https://www....

Welcome back to Wealth Mavericks, where we help doctors build generational wealth! How much risk should you take when investing? In this episode, we break down the risk vs. reward equation and why higher risk doesn’t always mean higher returns. Learn how the wealthy mitigate risk strategically and why most investors make avoidable mistakes when assessing investments. 🔹 How to identify & manag...

In this episode, Bob Wolf and Joe Arioto dive into the world of mutual funds and private placements for accredited investors . They break down the key differences, explaining how mutual funds pool investor money for diversified investments, while private placements offer more focused, less liquid opportunities.  Discover why accredited investors have access to exclusive investments, and why unders...

 In this episode of Wealth Mavericks, Erin, Bob, and Joe break down what sets Terra Firma’s membership apart for doctors. We explore how our holistic, personalized approach to financial planning not only builds generational wealth but also slashes tax liabilities, helping you keep more of your hard-earned income. By connecting the dots across taxes, investments, insurance, and more, we offer strat...

If you’re tired of overpaying taxes, this episode is for you!  In this episode, we break down the difference between active and passive income, and why understanding both is crucial for doctors looking to save on taxes and build long-term wealth. From the complexities of the tax code to practical strategies for structuring your finances, we’ll show you how to navigate the system and make it work i...

In this episode, Bob, Joe and Erin discuss how proactive tax planning can transform the stress of tax season into peace of mind. They highlight the benefits of starting early in the year, including greater opportunities to save money and structure assets strategically.  With insights tailored to physicians and business owners, this conversation dives into how thoughtful tax planning can reduce lia...

In this episode, we dive deep into a crucial question for high-income professionals, especially doctors: Are your assets truly working for you? We explore how misaligned assets can lead to unnecessary taxes and inefficiencies, and how you can realign them to create long-term financial success. With real-life examples, we discuss common mistakes and provide strategies to ensure your assets are serv...

Rebuilding trust after being burned can feel overwhelming, but it’s possible to move forward with confidence and clarity. In this episode, we explore how to reflect on past experiences without carrying the weight of mistrust into the future.  Learn how to distinguish trustworthy relationships, release fear, and step boldly into new opportunities with faith and confidence.  Connect with Erin on Lin...

Today we continue our conversation about forging a different path and doing things differently than the herd. Bob is a lived example of stepping off the path that most financial advisors and tax pros take and it led him to create Terra Firma.   Tune in to hear Bob’s story and the steps he took to walk away from the heard and develop his own path. Doc you deserve a team that works as hard as you do...

Venturing off the beaten path can feel daunting, especially when it comes to something as important as your finances. Many of our new members share the same hesitation: if nobody they know works with a tax strategist, why should they? In this episode, we’ll explore why separating from the herd can be a powerful move. Hear the story of how Bob saw the massive gap in tax planning for small and mediu...

  It’s a common frustration: you ask your CPA about a tax-saving strategy, only to be met with skepticism, resistance, or a downright no. If they’re the expert, why aren’t they helping you save more? In this episode, we tackle the disconnect between tax preparation and tax planning - and why your CPA may not be equipped to maximize your savings. Learn why most CPAs focus on filing taxes instead of...