42 episodes

Rich Doc Poor Doc is a weekly podcast hosted by Leti and Kenji, a physician couple who achieved financial freedom, that digs deep to uncover the mindset, habits and strategies separating rich doctors from poor doctors. Specifically, what are the financial, emotional and educational choices physicians can make daily to live a truly wealthy life.

Rich Doc Poor Doc Leti and Kenji

    • Business

Rich Doc Poor Doc is a weekly podcast hosted by Leti and Kenji, a physician couple who achieved financial freedom, that digs deep to uncover the mindset, habits and strategies separating rich doctors from poor doctors. Specifically, what are the financial, emotional and educational choices physicians can make daily to live a truly wealthy life.

    The Hidden Beauty of Hidden Value

    The Hidden Beauty of Hidden Value

    Hidden value or value add opportunities is one of our favorite topics!
    Why? Because tapping into hidden value means more cashflow and forced appreciation!
    In this episode we dive deep into a number of hidden value opportunities including:
    Identifying under-market rents Finding space for extra bedrooms or units Creating storage units and work spaces Billing back utilities Lowering utility bills by becoming more energy efficient These are just some of the hidden value opportunities we covered in this episode.
    If you are going to separate yourself from the average investor, you are going to want to become good at spotting hidden value!
    Semi-Retired M.D. and its owners’, presenters’, and employees are not in the business of providing personal, financial, tax, legal or investment advice and specifically disclaims any liability, loss or risk, which is incurred as a consequence, either directly or indirectly, by the use of any of the information contained in this podcast. Semi-Retired M.D., this podcast, and any online tools, if any, do NOT provide ANY legal, accounting, securities, investment, tax or other professional services advice and are not intended to be a substitute for meeting with professional advisors. If legal advice or other expert assistance is required, the services of competent, licensed, and certified professionals should be sought. In addition, Semi-Retired M.D. does not endorse ANY specific investments, investment strategies, advisors, or financial service firms.

    • 27 min
    Should I Invest for Cashflow or Appreciation?

    Should I Invest for Cashflow or Appreciation?

    If you're thinking about investing in real estate or even if you've bought a rental property or two, you've probably asked yourself this question: should I invest for cashflow or appreciation?
    In this episode, we give you our take on this question and let you in on a little secret: we don't have to make that choice because we invest for both cashflow AND appreciation.
    Here are the highlights of this episode:
    Kenji has a lot of experience investing for appreciation so he shares what it "feels" like to gamble on appreciation, both when it goes your way and when it doesn't! We share why we focus on investing for cashflow and what it "feels" like to own a portfolio of cashflowing properties. We also share how it can be life-changing to have an alternative stream of income. We explain the difference between market appreciation and a different form of appreciation called forced appreciation. We explain how we can invest for both cashflow AND forced appreciation. Semi-Retired M.D. and its owners’, presenters’, and employees are not in the business of providing personal, financial, tax, legal or investment advice and specifically disclaims any liability, loss or risk, which is incurred as a consequence, either directly or indirectly, by the use of any of the information contained in this podcast. Semi-Retired M.D., this podcast, and any online tools, if any, do NOT provide ANY legal, accounting, securities, investment, tax or other professional services advice and are not intended to be a substitute for meeting with professional advisors. If legal advice or other expert assistance is required, the services of competent, licensed, and certified professionals should be sought. In addition, Semi-Retired M.D. does not endorse ANY specific investments, investment strategies, advisors, or financial service firms.

    • 24 min
    Achieve Tax Free Wealth with Tom Wheelwright

    Achieve Tax Free Wealth with Tom Wheelwright

    Many accountants approach taxes as something to fear. You hear them saying that taking advantage of certain tax benefits will trigger an audit.
    Tom and his team of accountants take the opposite approach. They view the tax code as a series of incentives and that it's their responsibility to help you benefit from these incentives and reduce your taxes.
    In this episode, we cover a number of important topics:
    How you're "dead in the water" if you're just a W2 wage earner. To be able to take advantage of tax incentives, you need to be a real estate professional or own a business The importance of tracking hours for real estate professional status The secret to approaching audits the right way! We had an interesting discussion about the evolution of real estate professionals and what multi-million dollar real estate investors are doing differently than the average investor and what makes them successful Semi-Retired M.D. and its owners’, presenters’, and employees are not in the business of providing personal, financial, tax, legal or investment advice and specifically disclaims any liability, loss or risk, which is incurred as a consequence, either directly or indirectly, by the use of any of the information contained in this podcast. Semi-Retired M.D., this podcast, and any online tools, if any, do NOT provide ANY legal, accounting, securities, investment, tax or other professional services advice and are not intended to be a substitute for meeting with professional advisors. If legal advice or other expert assistance is required, the services of competent, licensed, and certified professionals should be sought. In addition, Semi-Retired M.D. does not endorse ANY specific investments, investment strategies, advisors, or financial service firms.

    • 43 min
    What's it like to be a Female CEO?

    What's it like to be a Female CEO?

    Ever wondered what it's like to be a female CEO of a multi-million dollar business?
    In this episode, we sit down with Letizia to learn what it's like to run Semi-Retired MD as a female CEO.
    What training/coaching have you implemented to help you in your journey? What does a typical work day look like for you? Can you walk us through your routine? What strategies do you use to balance being a mother and a CEO? Have you ever encountered any stereotypes as a real estate investor or as a female CEO? What's been the best part about owning and running a successful business? What advice would you give to women who want to be successful leaders? These are the questions she covered in this episode and more!
    Check out the SRMD blog post on this podcast episode as well! SRMD Blog: https://semiretiredmd.com/podcast/
    Semi-Retired M.D. and its owners’, presenters’, and employees are not in the business of providing personal, financial, tax, legal or investment advice and specifically disclaims any liability, loss or risk, which is incurred as a consequence, either directly or indirectly, by the use of any of the information contained in this podcast. Semi-Retired M.D., this podcast, and any online tools, if any, do NOT provide ANY legal, accounting, securities, investment, tax or other professional services advice and are not intended to be a substitute for meeting with professional advisors. If legal advice or other expert assistance is required, the services of competent, licensed, and certified professionals should be sought. In addition, Semi-Retired M.D. does not endorse ANY specific investments, investment strategies, advisors, or financial service firms.

    • 35 min
    How to shelter your income using real estate with Chet Syverson

    How to shelter your income using real estate with Chet Syverson

    Are you a high income professional and paying too much in taxes? If so, this is the episode for you!
    In this episode, we sit down with Chet Syverson of Curated Accounting to discuss all of the different ways high income professionals can shelter income.
    For those following our blog, you know about Real Estate Professional Status (REPS), but there are in fact, several other ways you can shelter income without REPS.
     
    Semi-Retired M.D. and its owners’, presenters’, and employees are not in the business of providing personal, financial, tax, legal or investment advice and specifically disclaims any liability, loss or risk, which is incurred as a consequence, either directly or indirectly, by the use of any of the information contained in this podcast. Semi-Retired M.D., this podcast, and any online tools, if any, do NOT provide ANY legal, accounting, securities, investment, tax or other professional services advice and are not intended to be a substitute for meeting with professional advisors. If legal advice or other expert assistance is required, the services of competent, licensed, and certified professionals should be sought. In addition, Semi-Retired M.D. does not endorse ANY specific investments, investment strategies, advisors, or financial service firms.

    • 38 min
    Stop and Think!

    Stop and Think!

    Have you ever wondered why so many people make poor investment decisions?
    You might be surprised to learn that one of the main reasons is that that they don't take the time or space to stop and think.
    When you encounter a new investment opportunity, most people can easily list all of the upsides. But how often do you stop to think deeply about the downsides? And how often do you then come up with a plan to mitigate any potential downsides?
    In this episode, we go through a number of examples from students who have gone through our Zero to Freedom course. Here are a few of the investment decisions our students have asked us about:
    You guys have liquidated your 401(k), should I do the same? We just got the inspection report back on the property and it's a disaster! Should I run away from this deal? The numbers on this property look great! What am I missing?  
    Semi-Retired M.D. and its owners’, presenters’, and employees are not in the business of providing personal, financial, tax, legal or investment advice and specifically disclaims any liability, loss or risk, which is incurred as a consequence, either directly or indirectly, by the use of any of the information contained in this podcast. Semi-Retired M.D., this podcast, and any online tools, if any, do NOT provide ANY legal, accounting, securities, investment, tax or other professional services advice and are not intended to be a substitute for meeting with professional advisors. If legal advice or other expert assistance is required, the services of competent, licensed, and certified professionals should be sought. In addition, Semi-Retired M.D. does not endorse ANY specific investments, investment strategies, advisors, or financial service firms.

    • 34 min

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