Debt Free Dr
Debt Free Dr
To help other dentists obtain financial independence within 5-7 years by investing in passive real estate investments.
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DebtFreeDr
DebtFreeDr

Displaying 326-350 of 502
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Deferred Sales Trust – The 1031 Exchange Alternative
I’d be willing to bet that the single largest expense over your career will be TAXES. I see too many doctors/high-income professionals that accept this fact (paying up to 50% of their salary to the IRS) yet fail to address it. Maybe they become complacent and simply accept it for what it is? I’m...  Read More
Rich People vs Poor People – 7 Key Differences
It seems that some people think “becoming rich” is a bad thing.  Take for instance a recent Dave Ramsey Show rant titled, “Should Billionaires Be Allowed To Exist?”   Someone email him an article written in the New York Times about “abolishing billionaires”. Here’s a few lines from the article: ...  Read More
VTSAX vs VOO – Which One Is Better?
As long as I can remember I’ve always had an interest for investing. Maybe it stems from my “lawn mowing” days in high school where I learned firsthand working for myself and making my own money was the way to go. I loved working on my own schedule and not someone else’s. One of the things I...  Read More
How To Invest 50k In Real Estate – 5 Best Ways
One of the main benefits of being a new  member is the lower initial investment you can make in a deal alongside me. For instance, last month an orthodontist member wasn’t comfortable investing the minimum amount (75K) in the multifamily deal I invested in. Why? This was his first time investing in...  Read More
Mindset Is Everything: The Key To Investing Success
“Get your mind right son!” This is what I’d hear each time I stepped into the gym when I was living in South Louisiana from one of the “regulars”. I was fresh out of dental school and didn’t know what he was really trying to do…I just thought he was being funny. It took years of trials and...  Read More
Apartment Syndication 101: What Dentists Should Know
I recently spoke to a group of periodontists about . As you can imagine, the majority did not have any prior real estate experience and were comfortable following their financial adviser’s advice of 401k investing until age 70+. I occasionally visit investing forums and Facebook groups for...  Read More
Failure Is The KEY To Success
You failed your math test. Your football team was defeated last night in the playoffs. You lost your tennis match yesterday. You’re an epic failure. If you’re like most people, you probably have a bad relationship with failure. I know I have. Look, I understand that nobody wants to fail.  For most...  Read More
Why Dentists Retire 7 Years Later Than The Average American
Here's what I think about the Dental Economics magazine article, "".  Read More
How Much Money Do You Need To Never Work Again?
As more and more doctors and other high-stressed professionals are experiencing burn out these days, the notion of reaching FIRE (Financial Independence Retire Early) has increased tremendously. It seems that the age-old question new, burned out  members are trying to answer is:     How much money...  Read More
Top 5 Things You Should Do With Excess Cash
No matter your kid’s ages, it’s never too early to start saving for college. The earlier you start, the more time that money will grow via . The best way (in my opinion) to save for college is a , which I’ve used for both of our kids’ college. These plans are generally sponsored by state...  Read More
How To Invest For Capital Preservation
If one of the greatest  investors ever tells us the MOST important rule to reach our financial goals is to NEVER lose money, do you think we should pay attention? He didn’t mention about investing in real estate, bond funds or mutual funds. Instead, he started with NOT losing what...  Read More
What If Money CAN Buy Happiness?
“Money can’t buy happiness…but it CAN buy cows, right? And cows produce milk, and milk makes ice cream, and ice cream makes you happy.“ This is the type of stuff I think about when my brain is in “relaxation” mode while eating Huckleberry ice cream at my favorite Montana resort, . Whether you...  Read More
What Is FU Money?
There are many things money can buy, but the most important one of all is freedom.  With regards to freedom, I’m specifically talking about being able to do:     what you want     when you want     for as long as you want     with whomever you want And the best way that can be accomplished is...  Read More
The Psychology Of Money
Recently Morgan Housel’s book,  videos. Why?  I don’t know. Maybe “Google” was trying to tell me something?  ?? Anyway, after listening to his interview about his latest book, I had to order one for myself. I love his statement in the Introduction:  Housel states that we must apply a survival...  Read More
RealtyShares – What I Learned From Losing $50,000
RealtyShares – What I Learned From Losing $50,000 Yes, it was painful writing the title of this article as I realize that most people don’t like admitting their failures. And most people certainly don’t like putting their failures online for the entire world to see but I’ve made it a point to be...  Read More
How To Become A Millionaire From Nothing (5 Steps)
Everybody wants to be a millionaire, right? If you’re a doctor or other high income earner then you may think you’d have a better chance of attaining millionaire status vs the average person. Not so fast. Not only do we start practicing later in life (sometimes in mid to late 30’s) but our debt...  Read More
5 Real Estate Investing Principles From Rich Dad Poor Dad
This summer while bass fishing, my friend informed me that he’s started focusing on real estate, specifically fix and flips. What’s amazing is that even at 23 years old, he already understood the concept of “getting your money to work for you.” He wanted to know a few resources to begin learning...  Read More
Here’s What Dave Ramsey Thinks Of Cryptocurrency
It seems as if I missed the boat again. Back in early 2016, my wife and I were at a tennis camp in Miami. One of the other players introduced himself as being in the “crypto” space. I had no idea about Bitcoin or any other cryptocurrency and shrugged it off. He told me to consider...  Read More
The Real Estate Pro Forma: What Investors Should Know
So you want to invest in real estate as a passive investor but not quite sure where to start? As someone that’s been investing in rental properties (syndications) since 2016, there’s a lot of information to know but only a small amount to REALLY pay attention to. Actually, there’s 3 common...  Read More
What Cars Do Doctors Really Drive?
Occasionally during college I assisted my friend’s dad (general surgeon) in surgery at our local hospital.  I’d pull into the patient parking lot and walk by the “Doctor’s Parking Only” sign. It wasn’t hard to miss this section as it mainly consisted of:     Mercedes     BMWs     Lexus  ...  Read More
Medical Office Real Estate: Why Dentists Sell Their Buildings
What Should You Prioritize? One of the biggest benefits of selling a practice is found in the amount of time that it frees up. While owning and operating medical/dental practices is appealing, many often become disenchanted with the amount of work that goes into things that they had not accounted...  Read More
67 Top Grant Cardone Quotes For 10x Success
Grant Cardone started out as a successful entrepreneur teaching others how to sell then moved to the real estate investing space. He currently has several billions of dollars of real estate under management and is now a best selling author known for the book, ““. Here’s a list of some of the quotes...  Read More
How To Use Debt To Build Wealth
“We’re DEBT-FREE!!” After racking up $300K of student loan debt (dental school), I became a disciple hoping one day to be able to call his radio show and give our debt-free scream.  I thought his way was the ONLY way to building wealth. Heck, he even starts each radio show with, “…where debt is...  Read More
7 Streams of Income: The Secret To Becoming a Millionaire
When I began a start up specialist dental practice in 2005, I mainly focused on networking with other dentists for referrals and anything I could to increase new patient numbers. As a matter of fact, this was my MAIN focus for years. You see, shortly after training, marketing companies know that...  Read More
Rich vs Wealthy: What’s The MAIN Difference?
If you’re rich and make a lot of money, does that automatically make you wealthy? Doctors typically make a lot of money so all doctors are rich, right?  These are some of the topics we’re going to cover today.  If you’re a subscriber to this blog (thank you), then you’ve noticed that I’ve...  Read More
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