Finding Financial Freedom with The Frugal Physician Dr. Disha Spath, MD, FACP

Dr. Disha interviews Ali and Josh, the dynamic duo behind The FI Couple. They discuss their transformation from living paycheck to paycheck with over $100,000 in debt to becoming successful real estate investors with a $1.4 million portfolio. 
They share insights into their real estate strategies, including house hacking and seller financing, and the balance between paying off debt and investing. The couple also talks about their social media platform, The FI Couple, which educates and inspires others to achieve financial independence. Their story is a testament to the power of perseverance, strategic planning, and community support.
More on The FI Couple, Ali and Josh: Ali and Josh are the creators of The FI Couple, a platform dedicated to helping everyday people achieve financial independence through real estate investing and smart financial strategies. After starting their married life with over $100,000 in debt and working low-paying jobs, they discovered real estate investing as a path to financial freedom. They have since built a $1.4 million real estate portfolio, left their 9-to-5 jobs, and now educate others on personal finance and real estate through their social media channels and community. Ali and Josh live in Upstate New York and are passionate about helping others improve their financial situations.
HIGHLIGHTS  [00:01:00] - Allie and Josh's financial struggles and the turning point.
[00:03:00] - Their first conversation about finances during wedding planning.
[00:06:00] - Discovering Dave Ramsey and the fire movement.
[00:07:00] - Transitioning from Dave Ramsey to real estate investing.
[00:08:00] - First house hack and reducing living expenses.
[00:11:00] - Aggressively paying off debt and the impact of side hustles.
[00:13:00] - Buying the second house hack and living rent-free.
[00:17:00] - Challenges and strategies in balancing work, investing, and life.
[00:19:00] - Acquiring the third property and their approach to off-market deals.
[00:21:00] - Launching The FI Couple and its unexpected success.
[00:24:00] - Scaling their real estate portfolio and future goals.
[00:27:00] - Leaving their 9-to-5 jobs and transitioning to full-time entrepreneurs.
[00:28:00] - Income sources from rentals and The FI Couple platform.
[00:30:00] - Providing education and mentorship through their platform.
[00:31:00] - Managing properties and outsourcing maintenance tasks.
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👋  This episode is sponsored by PearsonRavitz – helping physicians safeguard their most valuable assets. 
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If you enjoyed the show, find and follow Dr. Disha everywhere else:
Twitter
Website
Facebook
The Frugal Physician’s Facebook Group
YouTube 
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Please note: The content shared on the podcast is for informational purposes only and should not be considered individualized financial advice. It is essential to consult with professionals such as accountants, financial advisors, or attorneys to receive personalized guidance based on your specific needs.

Dr. Disha Spath welcomes back Dr. Tarang Patel to discuss significant updates in healthcare and finance. They delve into Walmart's decision to shut down its healthcare centers, the FTC's move to ban non-compete agreements, and the growing trend of multifamily syndicators targeting physicians. The conversation also touches on the national radiologist shortage, the challenges of corporate healthcare, and the future of telehealth and AI investments.
More on Dr. Tarang Patel: Dr. Tarang Patel is a renowned expert in physician finance, blending his extensive medical knowledge with sharp financial acumen. As a practicing radiologist, Dr. Patel understands the unique financial challenges physicians face and offers invaluable insights through his blog and podcast. He is a trusted advisor, helping his peers navigate the complexities of investment and financial management. Dr. Patel is known for his approachable style and commitment to educating physicians on achieving financial independence. His expertise and dedication make him a sought-after voice in the physician finance community.
HIGHLIGHTS Highlights with Timestamps: Walmart's Healthcare Shutdown [00:01:00]
Discussion on Walmart's decision to close healthcare centers and its implications.
National Radiologist Shortage [00:02:00]
Dr. Patel discusses the impact of the radiologist shortage on healthcare delivery.
Challenges of Running Healthcare Businesses [00:03:00]
Exploring the complexities of healthcare operations compared to other industries.
FTC's Ban on Non-Compete Agreements [00:15:00]
Analysis of the FTC's new rule and its potential impact on physicians.
Personal Experiences with Non-Competes [00:17:00]
Dr. Spath and Dr. Patel share their personal stories and read comments from other physicians.
Multifamily Syndicators Targeting Physicians [00:24:00]
Discussion on why physicians are prime targets for syndicators and the importance of due diligence.
Investment Trends: Telehealth and AI [00:36:00]
Insights into the future of telehealth startups and the current hype around AI investments.
Cash or Crash Segment [00:35:00]
Dr. Patel evaluates various financial trends and gives his investment advice.
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👋  This episode is sponsored by PearsonRavitz – helping physicians safeguard their most valuable assets.
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👋  This episode is sponsored by PearsonRavitz – helping physicians safeguard their most valuable assets. 
—---
If you enjoyed the show, find and follow Dr. Disha everywhere else:
Twitter
Website
Facebook
The Frugal Physician’s Facebook Group
YouTube 
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Please note: The content shared on the podcast is for informational purposes only and should not be considered individualized financial advice. It is essential to consult with professionals such as accountants, financial advisors, or attorneys to receive personalized guidance based on your specific needs.

Kyle, the CEO of Resolve and an ace at helping doctors dodge dreadful deals, joins Dr. Disha Spath to dissect the daunting world of employment contracts. Ever wondered if your contract is a ticking time bomb? Kyle’s here to cut through the jargon and unveil how those sneaky clauses might be nibbling away at your paycheck.

From revealing the common “gotchas” in contracts to negotiating ninja moves that can boost your bargaining power, we’re digging deep. Kyle even dishes on the juicy details of the recent FTC rumblings about non-competes and what that means for your career mobility. Whether you’re in the market for your first gig or looking to leap into a better contract, you won’t want to miss these insider insights. Let’s tear up the terrible contracts and write our own rules!
More on Kyle Claussen:
Kyle Claussen is the CEO of Resolve, a company dedicated to helping physicians navigate and negotiate employment contracts. With over a decade of experience, Kyle and his team provide essential services to ensure that physicians understand their contracts, secure fair terms, and protect themselves from potential pitfalls. Kyle is also a family man, married to an ophthalmologist, and a father to three children.
Find and follow the Resolve Team:
https://twitter.com/ResolveAgents
https://www.facebook.com/resolvephysicianagency/
https://www.linkedin.com/company/resolve-physician-agency/
https://www.instagram.com/resolveteam/
HIGHLIGHTS  Understanding Contracts: Many physicians do not read their contracts thoroughly, which can lead to unfavorable terms.
Negotiation Is Key: Negotiating contract terms can significantly impact a physician's career trajectory and financial health.
Non-Compete Clauses: Recent FTC rulings may change the landscape of non-compete clauses, offering physicians more flexibility.
Malpractice Insurance: Understanding the difference between claims-made and occurrence-based policies is crucial for proper coverage.
Empowerment Through Knowledge: Physicians should empower themselves with knowledge and negotiate contracts that reflect their true value.
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👋  This episode is sponsored by PearsonRavitz – helping physicians safeguard their most valuable assets. 
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👋 Also sponsored by Equity Multiple - EquityMultiple brings you streamlined access to transformative real estate, starting with just $5k. Get started at equitymultiple.com. 
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If you enjoyed the show, find and follow Dr. Disha everywhere else:
Twitter
Website
Facebook
The Frugal Physician’s Facebook Group
YouTube 
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Please note: The content shared on the podcast is for informational purposes only and should not be considered individualized financial advice. It is essential to consult with professionals such as accountants, financial advisors, or attorneys to receive personalized guidance based on your specific needs.

In this spirited episode of "Finding Financial Freedom with The Frugal Physician," Dr. Disha reconnects with her former ER supervising resident and multifaceted maverick, Dr. Jedidiah Ballard. 
Fresh off his adventures ranging from grueling Ranger school to romantic escapades on ABC's The Bachelorette, Dr. Jed shares the scoop on balancing the highs and lows of his medical career with his unexpected fame. With tales of stolen food in childhood to sprinting for love on national television, Dr. Jed offers an unfiltered look at how he navigates life's wild swings with humor, humility, and a healthy dose of fitness. Tune in to discover how one doctor manages to stitch up his varied passions into a cohesive, fulfilling life.
Dr. Jedidiah Ballard is an emergency medicine physician known for his unique blend of medical expertise and media presence. An Army Ranger veteran and a former contestant on ABC's The Bachelorette, Dr. Ballard advocates for a balanced life, emphasizing the importance of fitness and wellness alongside a demanding medical career. He is a regular on morning news segments, sharing health tips with the public, and is currently working on a book about practical fitness.
Soundbites  From Montana to the Military [00:01:50-00:03:30]
Dr. Jed shares his rugged beginnings in rural Montana, leading to his decision to join the Army Rangers.
Medical School to Army Ranger [00:04:00-00:06:00]
Insight into how Dr. Jed balanced rigorous medical training with the intense demands of Ranger School.
Reality TV Stardom [00:07:15-00:08:45]
Dr. Jed discusses his leap from the emergency room to the glitzy world of reality television on ABC's The Bachelorette.
Fitness Philosophy [00:10:30-00:12:00]
A dive into Dr. Jed’s approach to maintaining peak physical fitness amidst a demanding career.
Balancing Media and Medicine [00:14:20-00:15:50]
How Dr. Jed manages his roles as both a media personality and a dedicated emergency medicine doctor.
Financial Wisdom and Frugality [00:17:40-00:19:10]
Dr. Jed relates lessons from his various life experiences to financial habits and maintaining economic discipline.
Upcoming Book Teaser [00:20:45-00:22:00]
A sneak peek into Dr. Jed’s forthcoming book, focusing on practical fitness and wellness strategies.
Advice for Young Doctors [00:23:30-00:25:00]
Dr. Jed offers advice to up-and-coming doctors on how to navigate the complexities of a medical career with personal life and aspirations.
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👋  This episode is sponsored by PearsonRavitz – helping physicians safeguard their most valuable assets. 
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👋 Also sponsored by Equity Multiple - EquityMultiple brings you streamlined access to transformative real estate, starting with just $5k. Get started at equitymultiple.com. 
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If you enjoyed the show, find and follow Dr. Disha everywhere else:
Twitter
Website
Facebook
The Frugal Physician’s Facebook Group
YouTube 
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Please note: The content shared on the podcast is for informational purposes only and should not be considered individualized financial advice. It is essential to consult with professionals such as accountants, financial advisors, or attorneys to receive personalized guidance based on your specific needs.

The SAVE plan is a newer repayment option for federal student loans that offers unique advantages, such as preventing interest capitalization if the monthly payments are made on time. However, unlike older plans, it does not cap monthly payments based on income, which can be a potential downside for high-income earners.
Who benefits most: Joy discussed how this plan might be a better fit for early-career physicians or those with more modest incomes who can benefit from the lower payments and interest benefits without the risk of escalating payments.
More on Joy Sorensen Navarre:
Joy Sorensen Navarre is a nationally recognized expert in student loan management and the founder of Navigate LLC, a consultancy specializing in student loan advice for physicians and healthcare professionals. With a career spanning over a decade in financial advising, Joy discovered a niche need among her clients for specialized student loan guidance. This realization prompted her to pivot her career towards helping medical professionals navigate the complex terrain of student loans
[00:01:00] Joy's introduction and the importance of reliable student loan management advice.
[00:03:00] Insight into how Joy started focusing on student loans due to a lack of trustworthy services.
[00:07:00] Overview of the new SAVE plan and its impact on physicians.
[00:15:00] Discussion on common misconceptions and errors in managing student loans among physicians.
[00:25:00] Strategic advice on loan repayment and pursuing forgiveness, including tax considerations.
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👋  This episode is sponsored by PearsonRavitz – helping physicians safeguard their most valuable assets. 
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👋 Also sponsored by Resolve – Physician contract review and compensation data at your fingertips! For 10% off, add FRUGAL10 when signing up as a new client!
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If you enjoyed the show, find and follow Dr. Disha everywhere else:
Twitter
Website
Facebook
The Frugal Physician’s Facebook Group
YouTube 
-----------
Please note: The content shared on the podcast is for informational purposes only and should not be considered individualized financial advice. It is essential to consult with professionals such as accountants, financial advisors, or attorneys to receive personalized guidance based on your specific needs.

After her family's victory lap of paying off debts and diving into investments, they looked into DAFs for some smart, tax-savvy giving. Dr. Disha breaks down the hows and whys of DAFs, showing us how to make our charitable dollars do some heavy lifting while still snagging those tax breaks.
Top 5 Key Show Highlights 
Financial Milestones and Philanthropy [00:01:00-00:02:00]
Dr. Disha shares her personal journey of paying off $208,000 in student loans and growing her investments, which led her to explore more meaningful ways to give back, highlighting the seamless connection between personal financial health and philanthropic goals.
Tax Optimization with DAFs [00:04:00-00:05:00]
DAFs allow for strategic tax planning, enabling donors to make large contributions in a single year—potentially offsetting higher income years—while distributing funds to charities over time. This method can optimize tax deductions under current tax laws.
Investment Growth within DAFs [00:03:00-00:04:00]
Contributions to DAFs can be invested and grow tax-free, increasing the potential impact of the initial donation. This feature allows donors to amplify their charitable giving without additional out-of-pocket expenses.
Simplicity and Flexibility [00:07:00-00:08:00]
Dr. Disha emphasizes the ease and flexibility of using DAFs, which streamline the donation process by consolidating tax receipts and allowing donors to plan their charitable giving without the hassle of managing multiple transactions and paperwork.
Comparing DAF Providers [00:12:00-00:17:00]
The episode provides a detailed comparison of different DAF providers, such as Vanguard Charitable, Fidelity Charitable, and newer entrants like DAFI. Dr. Disha discusses various factors like minimum contributions, fee structures, and investment options, helping listeners choose the best provider to suit their charitable and financial strategies.
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👋  This episode is sponsored by PearsonRavitz – helping physicians safeguard their most valuable assets. 
—----
👋 Also sponsored by Resolve – Physician contract review and compensation data at your fingertips! For 10% off, add FRUGAL10 when signing up as a new client!
—---
If you enjoyed the show, find and follow Dr. Disha everywhere else:
Twitter
Website
Facebook
The Frugal Physician’s Facebook Group
YouTube 
-----------
Please note: The content shared on the podcast is for informational purposes only and should not be considered individualized financial advice. It is essential to consult with professionals such as accountants, financial advisors, or attorneys to receive personalized guidance based on your specific needs.