Finding Financial Freedom with The Frugal Physician - Finance, Wellness, Budget, Student Loans, Wealth, Doctor, Fitness, Mone

Dr. Disha Spath, MD, FACP
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Finding Financial Freedom with The Frugal Physician - Finance, Wellness, Budget, Student Loans, Wealth, Doctor, Fitness, Mone

Financial Freedom and Peace of Mind. For all of us. A podcast by The Frugal Physician for healthcare professionals looking to get their financial house in order and design their ideal lives.

  1. 1 DAY AGO

    Ep90: From Medicine & Marketing to Million-Dollar Real Estate with Dr. Gelerie and Erik - Part 2

    In this episode of the Finding Financial Freedom Podcast, Erik and Gelerie Stenbakken share the next chapter of their inspiring real estate journey. From saving for their dream home to transitioning into real estate investing, they reveal how they scaled from long-term rentals to a thriving short-term rental business. Discover how they built lasting relationships with vendors, optimized their systems, and found more time for family—all while pursuing financial freedom.   Whether you’re starting out or looking to scale your real estate business, Erik and Gelerie’s experience is packed with actionable insights to help you achieve your own investing goals.  Key Topics Covered: 1. Scaling Systems for Short-Term Rentals  How they built efficient processes to manage multiple properties.   2. Optimizing Vendor Relationships The importance of building partnerships with trusted vendors and companies.   3. Short-Term vs. Long-Term Rentals The key differences and what to expect from each.   4. Family Time and Gaining Freedom Through REI  How real estate investing gave them more quality time as a family.   5. The Value of Giving Back Why improving the lives of others is part of their mission.   6. Getting Started in Real Estate  How to take your first step into real estate investing.   7. Professional Status & Property Management What it means to pursue real estate professional status and manage rental properties effectively.    Resources Mentioned: BiggerPockets The Millionaire Next Door  The Real Estate Pessimist Podcast Follow Erik’s Podcast Page on Instagram STR in an hour course Listener Takeaways: Systems and relationships are crucial for scaling your business.   You don’t need a huge budget to get started—just a willingness to learn and take action.   Short-term rentals offer unique opportunities but come with their own set of challenges.   Prioritizing family and giving back can be key drivers of long-term success. Connect with Us: Host: Dr. Disha Spath, The Frugal Physician Guests: Dr. Gelerie and Erik Stenbakken Thank you for tuning in! Be sure to share this episode with anyone thinking about investing in real estate.   This episode is sponsored by Reza & Sharif CPAs - They provide more than just tax returns and financial statements—they deliver strategic financial solutions tailored to your needs. Whether you're a business owner, physician, or investor, they help you navigate complex tax laws, maximize savings, and build long-term wealth. With expert tax planning, accounting, and advisory services, they ensure your finances work for you—not the other way around. Take control of your financial future today. Visit rezasharif.com to see how they can help.   This episode is also sponsored by Set for Life Insurance – Providing more than just insurance policies—they deliver personalized coverage and expert guidance tailored to your needs. Whether you're looking for life, disability, or long-term care insurance, their team ensures you get the best protection at the most cost-effective rates. With priority underwriting, special discounts, and access to top-rated insurers, they make securing your future simple and stress-free. Take the next step in protecting what matters most. Visit setforlifeinsurance.com or call 1-888-553-3559 today.

    31 min

  2. FEB 14

    Ep89: From Medicine & Marketing to Million-Dollar Real Estate with Dr. Gelerie and Erik

    In this episode of The Finding Financial Freedom Podcast, we sit down with Dr. Gelerie, an anesthesiologist with 20 years in the medical field, and Erik, an expert in teaching, marketing, PR, and photography. Together, they share their journey into real estate—how they started, the challenges they faced, and the strategies they used to build a successful investment portfolio. From buying their first property to understanding market cycles, setting up systems, and shifting career paths, this conversation is packed with insights on making real estate work for us. Key Topics Covered: Getting Started in Real Estate How Dr. Gelerie and Erik transitioned from medicine and marketing into investing. Buying & Renting Their First Property Lessons learned from their first real estate deal. Understanding Market Cycles How real estate moves in cycles and why timing matters. Building Systems & Relationships for Long-Term Success The key to scaling a real estate business efficiently. Shifting Careers & Investing with Confidence How a mindset shift helped them navigate new opportunities. Investing creatively Creative financing strategies that work. Managing Rental Properties What property management really looks like behind the scenes.   Resources Mentioned: Cashflow Quadrant by Robert Kiyosaki Rich Dad Poor Dad by Robert Kiyosaki BiggerPockets  Short-Term Rental, Long-Term Wealth by Avery Carl EVOLVE Company Listener Takeaways: You don’t need a real estate background to get started—just the willingness to learn. Investing with little to no money down is possible with the right strategy. Systems and relationships are key to scaling in real estate. Connect with Us: Host: Dr. Disha Spath, The Frugal Physician Guests: Dr. Gelerie and Erik Stenbakken Thank you for tuning in! Be sure to share this episode with anyone thinking about investing in real estate.   This episode is sponsored by Reza & Sharif CPAs - They provide more than just tax returns and financial statements—they deliver strategic financial solutions tailored to your needs. Whether you're a business owner, physician, or investor, they help you navigate complex tax laws, maximize savings, and build long-term wealth. With expert tax planning, accounting, and advisory services, they ensure your finances work for you—not the other way around. Take control of your financial future today. Visit rezasharif.com to see how they can help.   This episode is also sponsored by Set for Life Insurance – Providing more than just insurance policies—they deliver personalized coverage and expert guidance tailored to your needs. Whether you're looking for life, disability, or long-term care insurance, their team ensures you get the best protection at the most cost-effective rates. With priority underwriting, special discounts, and access to top-rated insurers, they make securing your future simple and stress-free. Take the next step in protecting what matters most. Visit setforlifeinsurance.com or call 1-888-553-3559 today.

    27 min

  3. FEB 1

    Ep88: Retirement Planning Secrets: Building Your Paycheck & Finding Fullfillment with Fritz Gilbert

    In this episode of Finding Financial Freedom Podcast, Dr. Disha Spath sits down with Fritz Gilbert, founder of The Retirement Manifesto and award-winning blogger, to uncover the secrets of a successful retirement. Fritz shares how he planned his early retirement, built financial security, and navigated the emotional and relational aspects of this major life transition.   Discover the strategies behind his three-year cash cushion, the bucket system for managing retirement spending, and how he handled investments during market downturns. Plus, get insights on Roth IRA conversions, the 72(t) rule, and why non-financial aspects of retirement are just as important as the numbers.  Key Topics Covered: 1. Preparing for Early Retirement What inspired Fritz to retire early and how he planned for it.   2. Building a Three-Year Cash Cushion How cash reserves provide security in retirement.   3. Estimating Retirement Spending Using cash buckets to create a sustainable withdrawal strategy.   4. Investment Strategy During Market Downturns Did Fritz pause withdrawals during COVID?   The 72(t) Rule Explained 5. How it allows penalty-free early retirement withdrawals.   Roth IRA ConversionsTax-efficient strategies for long-term wealth.   6. Beyond Money The Emotional Side of Retirement Why relationships and purpose matter just as much as finances.   7. Avoiding Common Retirement Planning Mistakes Lessons from Fritz’s experience.   Resources Mentioned: Keys to a Successful Retirement by Fritz Gilbert The Retirement Manifest Blog by Fritz Gilbert How to Retire by Christine Benz Listener Takeaways: Build a cash cushion to weather market downturns in retirement.   Structure your retirement paycheck with a clear spending and withdrawal plan.   Understand the key tax strategies, like Roth conversions and the 72(t) rule.   Plan beyond finances—focus on relationships, purpose, and fulfillment.  Connect with Us: Host: Dr. Disha Spath, The Frugal Physician Guest: Fritz Gilbert: Founder of The Retirement Manifesto   Thank you for tuning in! Be sure to share this episode with anyone navigating student loan repayment.   This episode is also sponsored by FacetWealth Discover how Facet is transforming financial planning for physicians with personalized, flat-fee financial planning—visit facet.com/frugalphysician to start building your financial future today.

    40 min

  4. JAN 24

    Ep87: How Direct Primary Care is Breaking Barriers in Healthcare with Dr. Josh Umbehr - Part 2

    In this episode, we continue our insightful conversation with Dr. Josh Umbehr, founder of Atlas MD, to explore how Direct Primary Care (DPC) is transforming healthcare. From building a scalable electronic medical record (EMR) system to addressing the barriers of traditional insurance, Dr. Umbehr sheds light on the innovations making healthcare more accessible, affordable, and patient-focused.   Dr. Umbehr also discusses the future of DPC, advice for physicians starting their own practices, and the importance of work-life balance. This episode is packed with actionable insights and practical advice for both healthcare professionals and patients seeking a better healthcare model.  Key Topics Covered: 1. The Story Behind Atlas MD Discover the inspiration behind the creation of Atlas MD and how Dr. Josh built a platform that empowers DPC practitioners nationwide.  Learn why building a fast and scalable EMR system was key to the success of Atlas MD.   2.  Revolutionizing Healthcare Costs  Understand why Dr. Umbehr believes the answer to affordable healthcare lies in not relying on insurance for routine care.   3. The Future of Direct Primary Care   Gain insights into the next big challenges DPC could tackle and how it can reshape the healthcare landscape further.   4. Advice for Physicians Entering DPC Hear what Dr. Josh would tell physicians considering starting their own DPC practice and how they can overcome common challenges.   5. Managing Work-Life Balance in Medicine Learn how Dr. Umbehr prioritizes balance to maintain both professional and personal well-being.   6. Understanding Malpractice Insurance in DPC Get an overview of malpractice insurance costs for DPC practitioners and how it differs from traditional practices.   Resources Mentioned: Cure That Works Risking Business: Why Insurance Companies Fail and What to Do About It Radical Candor Atlas MD Website Listener Takeaways: Understand how DPC is breaking barriers in healthcare through affordability and transparency.   Learn practical steps to build a DPC practice that prioritizes the doctor-patient relationship.   Discover the benefits of reducing reliance on insurance for routine care.   Gain inspiration to innovate and create meaningful change in the healthcare system. Connect with Us: Host: Dr. Disha Spath, The Frugal Physician Guest: Dr. Josh Umbehr: Founder of Atlas MD and advocate for direct primary care.  Follow him on LinkedIn Thank you for tuning in! Be sure to share this episode with anyone navigating student loan repayment.   This episode is also sponsored by FacetWealth Discover how Facet is transforming financial planning for physicians with personalized, flat-fee financial planning—visit facet.com/frugalphysician to start building your financial future today.

    40 min

  5. JAN 17

    Ep86: How Direct Primary Care is Breaking Barriers in Healthcare with Dr. Josh Umbehr - Part 1

    In this episode of the Finding Financial Freedom podcast, we sit down with Dr. Josh Umbehr, founder of  Atlas MD and a pioneer in the field of direct primary care (DPC) , often referred to as "concierge medicine." With over 1,700 doctors nationwide on their platform, Atlas MD is revolutionizing the way healthcare is delivered, focusing on transparency, affordability, and rebuilding trust in the doctor-patient relationship.   Dr. Umbehr shares his journey into medicine and the inspiration behind starting Atlas MD, offering valuable insights into how DPC differs from traditional primary care. He also dives into the importance of putting patients first and how this innovative model prioritizes the doctor-patient connection while reducing administrative burdens.   This episode is packed with insights to help you understand this growing movement in healthcare. Stay tuned for part two! Key Topics Covered: 1. The Journey to Atlas MD Learn about Dr. Josh Umbehr's career path, what inspired him to innovate in the medical field, and how Atlas MD became a platform to support DPC practitioners nationwide.   2. What is Direct Primary Care (DPC)? Discover how DPC differs from traditional primary care.   Understand why it’s often called the “Costco” of healthcare, with its focus on subscription-based, transparent, and affordable pricing.   3. Why Traditional Healthcare Models Are Losing Trust  Explore the reasons behind the loss of trust in traditional healthcare systems.  Learn how DPC fosters trust through fair, transparent pricing and personalized care.   4. A Revolutionary Approach to Billing Dive into the simplified billing process used in DPC, which allows doctors to spend more time with patients and less time navigating insurance red tape.   5. The Rise of the Doctor-Patient Relationship Understand why meaningful doctor-patient relationships are at the core of DPC and how this model enhances communication, trust, and outcomes.     Resources Mentioned: Atlas MD Website Listener Takeaways: Gain a clear understanding of how DPC works and why it’s a game-changer for healthcare.   Learn actionable steps to rebuild trust with patients through transparency and personalized care.   Understand how doctors can reduce administrative burdens and prioritize patient care.   Explore the potential of DPC to reshape the future of healthcare.     Connect with Us: Host: Dr. Disha Spath, The Frugal Physician Guest: Dr. Josh Umbehr: Founder of Atlas MD and advocate for direct primary care.  Follow him on LinkedIn Thank you for tuning in! Be sure to share this episode with anyone navigating student loan repayment.   This episode is also sponsored by FacetWealth Discover how Facet is transforming financial planning for physicians with personalized, flat-fee financial planning—visit facet.com/frugalphysician to start building your financial future today.

    26 min

  6. JAN 11

    Ep85: Financial Freedom with Land Investing: How Dr. Mamta Kumar Built 7-Figure Passive Income Streams

    In this episode of Financial Freedom Podcast, join Dr. Disha Spath and guest, Dr. Mamta Kumar as they uncover how land investing can help you design a life that reflects your core values. Dr. Mamta shares her inspiring journey from medicine to real estate, the challenges she overcame, and how she’s empowering others, especially physicians, to achieve financial independence through this unique investment path.   This episode is a must-listen for professionals seeking actionable insights on land investing, building passive income, and creating a purpose-driven lifestyle!  Key Topics Covered: 1. From Medicine to Land Investing Discover how Dr. Mamta Kumar transitioned from her medical career to becoming a land investor.   2. Breaking Barriers in a Non-Traditional Career Path Explore how Dr. Mamta’s journey as an Indian female land investor is breaking stereotypes and inspiring others.   3. Investment Costs and Getting Started Understand what it took for Dr. Mamta to start land investing and how you can take the first step today.   4. Actionable Tips for Beginner Land Investors Dr. Mamta shares her best advice for those interested in entering the world of land investing.   5. Overcoming Roadblocks with County Regulations   Learn strategies to navigate common challenges when working with counties.   6. Mentoring Physicians Toward Financial Freedom   Discover how Dr. Mamta is empowering other professionals by teaching them how to achieve passive income through land investing.   Resources Mentioned: Land.com BiggerPockets Realtor.com Rich Dad Poor Dad The Cashflow Quadrant Zillow Listener Takeaways: Avoid billing mistakes that lead to lost revenue.   Track key metrics to improve your practice’s financial health.   Build a sustainable practice with actionable daily habits.   Leverage telemedicine to enhance patient care and grow your business.   Understand the critical role of proper documentation in healthcare success.  Connect with Us: Host: Dr. Disha Spath, The Frugal Physician Guest: Dr. Mamta Kumar: Follow her Website, Facebook, and Instagram     Thank you for tuning in! Be sure to share this episode with anyone navigating student loan repayment.   This episode is also sponsored by FacetWealth Discover how Facet is transforming financial planning for physicians with personalized, flat-fee financial planning—visit facet.com/frugalphysician to start building your financial future today.

    41 min

  7. JAN 3

    Ep84: Mastering the Billing Side of Medicine: Avoiding Billing Pitfalls & Building a Sustainable Practice

    In this episode of The Frugal Physician, Dr. Heather Signorelli shares her expertise on managing the business side of medicine. As a board-certified pathologist, physician executive, and co-founder of NatRevMD, Dr. Signorelli has helped healthcare practices boost revenue by over 25%. She discusses how to build a sustainable private practice, avoid costly billing mistakes, and future-proof your operations with practical strategies. Perfect for healthcare professionals looking to optimize their practice, streamline billing, and thrive in today’s ever-changing medical landscape. Key Topics Covered: 1. Introduction: Mastering the Business of Medicine Learn how Dr. Heather Signorelli uses her extensive healthcare management expertise to help private practices thrive.   2. Meet Dr. Heather Signorelli: Innovator and Physician Leader Discover Dr. Signorelli’s journey from practicing pathologist to healthcare entrepreneur and co-founder of NatRevMD.   3. Avoiding Common Insurance Billing Mistakes Explore the most frequent billing errors and how to prevent them to protect your revenue cycle.   4. Tracking the Right Billing Metrics Uncover the top five metrics every private practice should monitor to boost financial performance.   5. Building a Sustainable Private Practice Dr. Signorelli shares practical tips for starting small, staying consistent, and building long-term success.   6. The Power of Proper Documentation Understand why detailed physician documentation is key to compliance and maximizing revenue.   7. Telemedicine Success in a Changing Landscape Learn how to implement telemedicine effectively and keep your practice ahead of the curve.   Resources Mentioned: Thrive: Top 10 Ways to Boost Your Practice's Revenue by Dr. Heather Signorelli   NatRevMD – Medical Billing Services NatRevMD - Telehealth Changes in 2025: What Physicians Need to Know Blog  Modern Healthcare– Top 40 Under 40 Emerging Leaders   Skool Course NatRevMD Podcast Listener Takeaways: Avoid billing mistakes that lead to lost revenue.   Track key metrics to improve your practice’s financial health.   Build a sustainable practice with actionable daily habits.   Leverage telemedicine to enhance patient care and grow your business.   Understand the critical role of proper documentation in healthcare success.  Connect with Us: Host: Dr. Disha Spath, The Frugal Physician Guest: Dr. Heather Signorelli: Follow her Website, Facebook, and LinkedIn Email her at: info@natrevmd.com Thank you for tuning in! Be sure to share this episode with anyone navigating student loan repayment.   This episode is also sponsored by FacetWealth Discover how Facet is transforming financial planning for physicians with personalized, flat-fee financial planning—visit facet.com/frugalphysician to start building your financial future today. This episode is also sponsored by Corporate Direct - Helping entrepreneurs and investors protect their assets and build real wealth. Corporate Direct also assists clients in meeting compliance requirements under the Corporate Transparency Act, ensuring federal reporting is handled with ease and accuracy.

    36 min

  8. 12/27/2024

    Ep83: Military Money Hacks: Doug Nordman on Early Retirement & Smart Savings

    In this episode of the Financial Freedom Podcast, we welcome Doug Nordman, a retired U.S. Navy submariner, author, and financial independence advocate. Doug shares his inspiring journey to early retirement, practical tips for frugal living, and strategies for raising financially literate kids to prepare them for a life of financial stability.   This episode is perfect for anyone looking to achieve financial independence, learn how to live a debt-free lifestyle, break free from overconsumption, and build generational wealth while adopting habits for long-term financial success.  If you're starting your journey toward retirement planning this episode is a must listen. Key Topics Covered: 1. Doug Nordman’s Journey to Financial Independence   Discover how Doug retired early through strategic financial planning and disciplined living.   2. Frugal Living Without Feeling Deprived   Understand how intentional spending can lead to a fulfilling life without financial stress.   3. Striking the Balance Between Saving and Living   Doug explains how to enjoy life while staying committed to your financial goals.   4. Teaching Kids Financial Literacy Early   Learn how to introduce money concepts, allowances, and chores to teach your kids the value of frugality and smart money habits.   5. Doug’s Approach to Giving Back   Explore Doug’s thoughtful donation strategies and how generosity can enrich your financial journey.   6. Tackling Overconsumption and Hyper Consumerism   Get tips on resisting societal pressures to overspend and focusing on value-driven living.   7. Achieving Fulfillment Through Retirement Doug’s journey to achieving fulfillment through his retirement.   Resources Mentioned: The Military Guide to Financial Independence and Retirement (Doug’s book) Raising Your Money-Savvy Family for Next Generation Financial Independence Listener Takeaways: Achieve financial independence with practical, actionable strategies.   Balance frugal living with enjoying life’s pleasures.   Equip your children with lifelong money skills.   Avoid overconsumption and focus on intentional spending.  Connect with Us: Host: Dr. Disha Spath, The Frugal Physician Guest: Doug Nordman:  Author, speaker, and advocate for financial independence Email him at: nords@gmail.com  Thank you for tuning in! Be sure to share this episode with anyone navigating student loan repayment.   This episode is also sponsored by FacetWealth Discover how Facet is transforming financial planning for physicians with personalized, flat-fee financial planning—visit facet.com/frugalphysician to start building your financial future today. This episode is also sponsored by Corporate Direct - Helping entrepreneurs and investors protect their assets and build real wealth. Corporate Direct also assists clients in meeting compliance requirements under the Corporate Transparency Act, ensuring federal reporting is handled with ease and accuracy.

    49 min
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Financial Freedom and Peace of Mind. For all of us. A podcast by The Frugal Physician for healthcare professionals looking to get their financial house in order and design their ideal lives.

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