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

Have you been wondering how to lower your taxes? What if you could download a 2 page cheatsheet that could help guide you on how to do that?   Download our 2023 Tax Cheatsheet to figure out the specific steps.   Just text CHEATSHEET to 1-833-343-2986 and get your free copy!

Asset allocation is all about slicing up the pie. We want to divide the pie into pieces that are proportional to each other in size, but how do you decide how big a slice should be? And which method is best? Let's dive in. 🏊 In this episode, Dave talks about… How to slice up the pie of asset allocation? What is asset allocation? How much risk are you taking with your principal? What risk are you...

The 200-day moving average is one of the most famous technical analysis tools that traders use. The phrase "200-day moving average" yields conflicting evidence on whether this tool really works or not when searched in Google, but the question remains: does it work? In this episode, you will discover… Is it possible to time the market? What happens if January is negative? What is the average low po...

The January effect is a term used to describe a phenomenon where stocks tend to do better in January than in other months. The phrase "buy stocks in January and sell in May" has been circulating since the 1980s if not before, leading investors to hire professional managers to trade their money for them during the winter months so that they can take advantage of this so-called effect. But does it r...

Bonds seem like a simple investment, but in reality, they are quite complicated. Let's deep dive into how your bond investments can add value to your portfolio. In this episode, you will discover… What is the upside of treasury bonds? Duration and interest rate of treasury bonds with detailed example Which is a better choice, shorter bonds or intermediate? Resources Mentioned in this Podcast: Cont...

Tech stocks are an excellent opportunity for investors but they also come with risks. Let's discuss why people buy tech stocks, and what risks you might encounter when investing in them. In this episode, Dave talks about… What is tech stock? Deep dive into Traditional investment Should you buy something like tech tax? Where do these things end? Resources Mentioned: Contact Dave for a free 30mins s...

In my last post about Tax Liens, I provided some examples of properties I've found and the things I do in the process. I've had some interesting experiences since then and thought it would be useful to give an update on my experiments with tax liens. In this episode, Dave talks about… How I got hooked on Tax Liens How do I get more tax liens? The pros and cons What happens if someone redeems their...

Let's explore some of the differences between Solo 401k and SEP IRA plans so you can decide which is right for your business. Plus, I'm going to show you some little-known facts that the IRS doesn't tell you about the Solo 401k plan. In this episode, you will discover… What is a better option – SEP IRA or Solo 401k? When to use them? ( w/ detailed example) Who is eligible for Solo 401k? Resources...

Dr. Leif Dahleen aka the Physician on FIRE, is a former anesthesiologist, a family man, and a supposed outdoors enthusiast who spends way too much time indoors. He attained financial independence (the F.I.) at age 39, meaning he could afford to retire comfortably after a 9-year career. He continued to work for various reasons, and mostly enjoyed his job but did choose to retire early (the R.E.) fr...

The life of a physician is difficult. Between medical school and residency, as well as the stress of the job itself, it's no surprise that burnout is common in doctors. But you don't have to let it affect your mental health any further. Today our special guest is going to talk about ways to prevent physician burnout. Dr. Errin Weisman, is a high-achieving alpha female who after years of education,...

Dr. Myrdalis Díaz-Ramírez, a dual Board-Certified Anesthesiologist and Interventional Pain Management Physician, Medical Expert, Professor, Author, Speaker, Podcaster, Entrepreneur, and Mastermind Facilitator. Through her Mastermind, physicians can transform their personal and professional lives. They have been able to define, plan, and execute a designed physician life just for them and are now i...

Aspiring to be a doctor is certainly no easy feat. But becoming a doctor and building a successful business side by side? It's not impossible. Let Dr. Pranay Pranikh, known in the real estate investing space, show you his tips and tricks for passing down knowledge to the next generation of doctors via real estate. In this episode, you will discover… How does his family escape from the cycle of pov...

There is a type of investment that the average person seems to know very little about - tax liens. This episode gives some basic information about tax lien investing so that you can make an informed decision about whether or not this is a path you'd like to pursue. In this episode, you will discover… Who invests in tax liens? How to make money in tax liens? The area you can do these? How do you fo...

Investing in land is a great way to boost your long-term wealth. It's tangible and can provide you with a steady source of passive income, but only if you understand the ins and outs of buying and selling land. I hope to walk you through each step of the process. I've been flipping land for years, so take a listen as I tell you everything that I learned. In this episode, I’ll talk about… How did I...

The start of a new year can be a great time to focus on your financial concerns by learning about the new retirement plan contribution limits for 2023. In this episode, Dave talks about… 401K Contribution for 2023 Should you do the backdoor Roth IRA or the front door Roth IRA? Cons on married filing separately Resources Mentioned: Website: https://www.irs.gov/newsroom/401k-limit-increases-to-22500...

Do you want to know where I'm spending, how much I have, or how much debt I owe? Then tune in to this episode as I'll be updating you all on my financial experiments and share the results of initial successes and failures. In this episode, Dave talks about… Experiment with land businesses with Partners How many properties did I sell and bought? Plans for Generation family properties The big revela...

If you're a healthcare professional and business owner, there is a special credit you can take advantage of. Changes in tax law can be difficult and frustrating so we want to make sure you have all the information needed. Our guest Catherine Tindall, CPA, Entrepreneur, Partner at Dominion Enterprise Services and specializes in advanced tax reduction, proactively work with clients to reduce what th...

It is hard to obtain new patients. However, this is the age of technology, and the internet plays a significant role in people’s lives. A lot of consumers are using internet search engines to find a local doctor who can help them maintain their physical health. Marketing and finances meet in the middle for the success of physicians with Justin Knott of The Patient Convert Podcast In this episode,...

It's coming up to your 2023 tax year, and you're starting to get worried about how you're going to pay for it. Are you one of the millions who struggle with this every year? Are you unsure where to begin in regard to your tax planning and finances? Well, our guests will help you, whether you're a doctor, business owner, or investor. Shauna A. Wekherlien, CPA is known as the tax goddess, an author,...

It might hard to accept but the cost of medical supplies and devices can be extremely expensive. Hospitals need them on a daily basis, which means they have to shell out thousands and sometimes millions of dollars every month. And that's just for keeping the lights on. As we all know, you cannot get by without the equipment, meds, and other supplies your hospital routinely uses. And our guest toda...

Does a broker-dealer try to sell you something they know you don’t need, but they make you feel like you should buy it anyway? 🤔 This podcast will enlighten you and makes you understand what a broker-dealer environment looks like. In this episode, Dave talks about… The reason why he hates broker-dealer A little bit of story about his internship in the Financial advisor industry Why it turns out t...

In this episode, Dave talks about how much he enjoys spending time with his family, the precious moment during his travel, and how we need to prioritize the things in life that really matter. Grab a cup of coffee and listen to this episode as you will get a lot of wisdom. Resources Mentioned: Ebook to Road to Retire Contact: 833-343-2986 Contact Dave for a free 30mins strategy session: ‪(612) 284-...

As the title of this Podcast, I will share with you how you can protect your family by following certain tips and tricks. In this episode, Dave talks about… How to protect your family from probate in a cheap and easy way? How to possibly avoid thousands of dollars in state taxes? Why a will is important? What are the 2 basic legal structures in the state? Resources Mentioned: Ebook to Road to Reti...

Charitable planning is a way of thinking about your finances to maximize your charitable donations' impact. Learn about why charitable planning is such a powerful tool, what purpose it serves, and how you can use it. In this episode, Dave talks about… How to slash your taxes through charitable planning What are the special rules that apply to a certain type of donation? What is the charitable givi...

The field of investing is complicated and confusing to the average investor. This can lead to misconceptions and fallacies that prevent you from finding the right financial products. Dive in to be more knowledgeable and be an advanced investor! In this episode, Dave talks about… How to identify historically the riskiest period in the market? How tactical asset allocation can and should work Resour...