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

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

My name is Dave Denniston. I started podcasting in 2014 as my way of paying back physicians for helping my family with our miracle child, Evangeline, who was born at a mere 12.4 ounces/ 23 weeks gestationally. Through this journey, I‘ve had the honor of interviewing Dr. Jim Dahle (The White Coat Investor), Dr. Kevin Pho (KevinMD), Dr. Pamela Wible, Dr. Dike Drummond, Dr. Nii Darko, and so many more. This is my personal podcast, dedicated to physicians. It is focused on “financial freedom” and just as importantly, how physicians can engage in healthy & a prosperous mindset! My philosophy is that we can all learn from others and who better to talk to physicians than other physicians and experts in various areas! I want to see every physician lower their taxes, destroy their debt, and enjoy a joyous, liberated lifestyle so that they can focus on what they love most- their families, their patients, and the activities that give them joy. I speak and interview folks on a whole host of issues that are important to physicians- burnout, how to protect their families, divorce, taxes, medical school debt, how to be a blogger & author, how to start an independent practice, and much more. I also occasionally speak about the resources that I am discovering. My goal is to create insightful, relevant content that you can put to work in your personal and professional life. If you are a physician- or aspire to be- then this podcast is for you! I typically post once per week, sometimes more often. Make sure to subscribe and stay tuned. The best is yet to come!

  1. 30 AUG

    [REPLAY] S4, Episode 31: Jon Appino- The First 5 Commandments of Employment Contracts

    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/ ----more--------more---- Investment advice is only offered in jurisdictions where Centurion Financial Strategies, LLC (“Centurion”) is appropriately registered or exempt from registration. Our Form ADV Part 2 brochure can be obtained free of charge at https://adviserinfo.sec.gov by searching for our firm by name or its unique CRD number (316454). This podcast is not a solicitation to provide advisory services in any jurisdiction in which we are not appropriately registered or excluded from registration. The information, statements, and opinions contained in this podcast have been obtained from or are based upon information obtained from sources which we believe to be reliable, but we do not warrant or guarantee the timeliness or accuracy of any such information. This podcast is intended for informational purposes only and should not be construed as personalized investment, tax, or legal advice. Opinions expressed by any guest are their own opinions and do not necessarily reflect the firm’s views. You should carefully consider your unique financial circumstances and needs prior to making any investment in securities or purchasing any insurance products. Past performance is not indicative of future results. Investing in securities involves the risk of loss. Insurance products are backed by the financial strength and claims-paying ability of the issuing insurance company and may be subject to restrictions, limitations, and early withdrawal fees which vary by issuer. You should consider the charges, risks, expenses, and investment objectives of any insurance products before entering a contract.

    21 min

  2. 23 AUG

    [REPLAY] S4, Episode 30: The Young Physicians Guide to Money and Life - Background on the making of the book

    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 Strategies, LLC (“Centurion”) is appropriately registered or exempt from registration. Our Form ADV Part 2 brochure can be obtained free of charge at https://adviserinfo.sec.gov by searching for our firm by name or its unique CRD number (316454). This podcast is not a solicitation to provide advisory services in any jurisdiction in which we are not appropriately registered or excluded from registration. The information, statements, and opinions contained in this podcast have been obtained from or are based upon information obtained from sources which we believe to be reliable, but we do not warrant or guarantee the timeliness or accuracy of any such information. This podcast is intended for informational purposes only and should not be construed as personalized investment, tax, or legal advice. Opinions expressed by any guest are their own opinions and do not necessarily reflect the firm’s views. You should carefully consider your unique financial circumstances and needs prior to making any investment in securities or purchasing any insurance products. Past performance is not indicative of future results. Investing in securities involves the risk of loss. Insurance products are backed by the financial strength and claims-paying ability of the issuing insurance company and may be subject to restrictions, limitations, and early withdrawal fees which vary by issuer. You should consider the charges, risks, expenses, and investment objectives of any insurance products before entering a contract.

    23 min

  3. 16 AUG

    [REPLAY] S4, Episode 29: The Wealth Formula with Buck Joffrey

    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--------more---- Investment advice is only offered in jurisdictions where Centurion Financial Strategies, LLC (“Centurion”) is appropriately registered or exempt from registration. Our Form ADV Part 2 brochure can be obtained free of charge at https://adviserinfo.sec.gov by searching for our firm by name or its unique CRD number (316454). This podcast is not a solicitation to provide advisory services in any jurisdiction in which we are not appropriately registered or excluded from registration. The information, statements, and opinions contained in this podcast have been obtained from or are based upon information obtained from sources which we believe to be reliable, but we do not warrant or guarantee the timeliness or accuracy of any such information. This podcast is intended for informational purposes only and should not be construed as personalized investment, tax, or legal advice. Opinions expressed by any guest are their own opinions and do not necessarily reflect the firm’s views. You should carefully consider your unique financial circumstances and needs prior to making any investment in securities or purchasing any insurance products. Past performance is not indicative of future results. Investing in securities involves the risk of loss. Insurance products are backed by the financial strength and claims-paying ability of the issuing insurance company and may be subject to restrictions, limitations, and early withdrawal fees which vary by issuer. You should consider the charges, risks, expenses, and investment objectives of any insurance products before entering a contract.

    43 min

  4. 9 AUG

    [REPLAY] S4, Episode 28: Another Perspective on Land Flipping with Seth Williams, The RE Tipster

    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 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   For all the show notes, and more, check out the podcast website at www.doctorfreedompodcast.com ----more--------more---- Investment advice is only offered in jurisdictions where Centurion Financial Strategies, LLC (“Centurion”) is appropriately registered or exempt from registration. Our Form ADV Part 2 brochure can be obtained free of charge at https://adviserinfo.sec.gov by searching for our firm by name or its unique CRD number (316454). This podcast is not a solicitation to provide advisory services in any jurisdiction in which we are not appropriately registered or excluded from registration. The information, statements, and opinions contained in this podcast have been obtained from or are based upon information obtained from sources which we believe to be reliable, but we do not warrant or guarantee the timeliness or accuracy of any such information. This podcast is intended for informational purposes only and should not be construed as personalized investment, tax, or legal advice. Opinions expressed by any guest are their own opinions and do not necessarily reflect the firm’s views. You should carefully consider your unique financial circumstances and needs prior to making any investment in securities or purchasing any insurance products. Past performance is not indicative of future results. Investing in securities involves the risk of loss. Insurance products are backed by the financial strength and claims-paying ability of the issuing insurance company and may be subject to restrictions, limitations, and early withdrawal fees which vary by issuer. You should consider the charges, risks, expenses, and investment objectives of any insurance products before entering a contract.

    53 min

  5. 2 AUG

    [REPLAY] S4, Episode 27: Top 5 Podcasts of 2017- #1 The Tax Deductions I Didn‘t Know [With Craig Cody]

    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, he has co-authored an Amazon bestseller 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 a tax preparer Discover what to expect with proactive tax planning How hiring your spouse can avoid 1099 & W-2 income (Hint: This is NOT an 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

    33 min

  6. 26 JUL

    [REPLAY] S4, Episode 26: Top 5 Podcasts of 2017- #2 The Top 5 Podcasts for Doctors in 2017

    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 Strategies, LLC (“Centurion”) is appropriately registered or exempt from registration. Our Form ADV Part 2 brochure can be obtained free of charge at https://adviserinfo.sec.gov by searching for our firm by name or its unique CRD number (316454). This podcast is not a solicitation to provide advisory services in any jurisdiction in which we are not appropriately registered or excluded from registration. The information, statements, and opinions contained in this podcast have been obtained from or are based upon information obtained from sources which we believe to be reliable, but we do not warrant or guarantee the timeliness or accuracy of any such information. This podcast is intended for informational purposes only and should not be construed as personalized investment, tax, or legal advice. Opinions expressed by any guest are their own opinions and do not necessarily reflect the firm’s views. You should carefully consider your unique financial circumstances and needs prior to making any investment in securities or purchasing any insurance products. Past performance is not indicative of future results. Investing in securities involves the risk of loss. Insurance products are backed by the financial strength and claims-paying ability of the issuing insurance company and may be subject to restrictions, limitations, and early withdrawal fees which vary by issuer. You should consider the charges, risks, expenses, and investment objectives of any insurance products before entering a contract.

    26 min

  7. 19 JUL

    [REPLAY] S4, Episode 25: Top 5 Podcasts of 2017- #3 How To Acquire a Private Practice and Real Estate In One Easy Transaction (And The Pitfalls to Avoid)

    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 to gain some really great insights today! Please help me welcome Greg Kyte the controller and general manager for the Utah Valley Physicians Plaza. In this podcast you will: Discover the creative way he conducts commercial real estate without using realtors Learn different ways to structure purchasing deals in real estate Find out how to protect yourself with earns outs versus notes Learn Greg's big piece of business advice (HINT: It may not be what you would expect) 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 Strategies, LLC (“Centurion”) is appropriately registered or exempt from registration. Our Form ADV Part 2 brochure can be obtained free of charge at https://adviserinfo.sec.gov by searching for our firm by name or its unique CRD number (316454). This podcast is not a solicitation to provide advisory services in any jurisdiction in which we are not appropriately registered or excluded from registration. The information, statements, and opinions contained in this podcast have been obtained from or are based upon information obtained from sources which we believe to be reliable, but we do not warrant or guarantee the timeliness or accuracy of any such information. This podcast is intended for informational purposes only and should not be construed as personalized investment, tax, or legal advice. Opinions expressed by any guest are their own opinions and do not necessarily reflect the firm’s views. You should carefully consider your unique financial circumstances and needs prior to making any investment in securities or purchasing any insurance products. Past performance is not indicative of future results. Investing in securities involves the risk of loss. Insurance products are backed by the financial strength and claims-paying ability of the issuing insurance company and may be subject to restrictions, limitations, and early withdrawal fees which vary by issuer. You should consider the charges, risks, expenses, and investment objectives of any insurance products before entering a contract.

    1 hr

  8. 12 JUL

    [REPLAY] S4, Episode 24: Top 5 Podcasts of 2017- #4 The Complete Guide to Taking The Road Less Traveled [Physician Fireside Chat] with Dr. Michelle Mudge-Riley of Physicians Helping Physicians

    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 this as well. Please help me welcome Dr. Michelle Mudge-Riley from Physicians Helping Physicians. Welcome, Michelle!    In this podcast you will: Discover what led Dr. Mudge-Riley away from clinical medicine into helping other physicians who also want to escape clinical medicine. Be inspired on how taking the road less traveled can lead to the greatest successes. Gain knowledge on how Physicians Helping Physicians, Dr. Mudge-Riley's organization, develops customizable plans for each of their clients. Learn from Dr. Mudge-Riley's mistakes and acquire the right tools and protocol to protect yourself if you decide to also move away from clinical medicine. For all the show notes, transcription, and more, check out the podcast website at http://doctorfreedompodcast.com/ ----more---- ----more---- ----more---- Investment advice is only offered in jurisdictions where Centurion Financial Strategies, LLC (“Centurion”) is appropriately registered or exempt from registration. Our Form ADV Part 2 brochure can be obtained free of charge at https://adviserinfo.sec.gov by searching for our firm by name or its unique CRD number (316454). This podcast is not a solicitation to provide advisory services in any jurisdiction in which we are not appropriately registered or excluded from registration. The information, statements, and opinions contained in this podcast have been obtained from or are based upon information obtained from sources which we believe to be reliable, but we do not warrant or guarantee the timeliness or accuracy of any such information. This podcast is intended for informational purposes only and should not be construed as personalized investment, tax, or legal advice. Opinions expressed by any guest are their own opinions and do not necessarily reflect the firm’s views. You should carefully consider your unique financial circumstances and needs prior to making any investment in securities or purchasing any insurance products. Past performance is not indicative of future results. Investing in securities involves the risk of loss. Insurance products are backed by the financial strength and claims-paying ability of the issuing insurance company and may be subject to restrictions, limitations, and early withdrawal fees which vary by issuer. You should consider the charges, risks, expenses, and investment objectives of any insurance products before entering a contract.

    51 min
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About

My name is Dave Denniston. I started podcasting in 2014 as my way of paying back physicians for helping my family with our miracle child, Evangeline, who was born at a mere 12.4 ounces/ 23 weeks gestationally. Through this journey, I‘ve had the honor of interviewing Dr. Jim Dahle (The White Coat Investor), Dr. Kevin Pho (KevinMD), Dr. Pamela Wible, Dr. Dike Drummond, Dr. Nii Darko, and so many more. This is my personal podcast, dedicated to physicians. It is focused on “financial freedom” and just as importantly, how physicians can engage in healthy & a prosperous mindset! My philosophy is that we can all learn from others and who better to talk to physicians than other physicians and experts in various areas! I want to see every physician lower their taxes, destroy their debt, and enjoy a joyous, liberated lifestyle so that they can focus on what they love most- their families, their patients, and the activities that give them joy. I speak and interview folks on a whole host of issues that are important to physicians- burnout, how to protect their families, divorce, taxes, medical school debt, how to be a blogger & author, how to start an independent practice, and much more. I also occasionally speak about the resources that I am discovering. My goal is to create insightful, relevant content that you can put to work in your personal and professional life. If you are a physician- or aspire to be- then this podcast is for you! I typically post once per week, sometimes more often. Make sure to subscribe and stay tuned. The best is yet to come!

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