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 351-375 of 502
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How To Battle Inflation With Real Estate Investing
For the past decade, the average inflation rate has hovered around the 2% mark for the United States. Many of the “financial experts” are forecasting higher inflation than normal due to the 2020 pandemic.  They state this is from a rise in unemployment rates, higher costs of goods, failing...  Read More
How To Short The Dollar Using Real Estate
I recently came across a saying that you’re likely familiar with: “A dollar today is worth MORE than a dollar tomorrow.“ This reminded me of one of my grandmother’s sayings, “Son, I remember when a gallon of milk cost a dime.” Thinking about the  made me curious as to what $10 would be worth the...  Read More
How To Use Your 401k To Invest In Real Estate
If you’re someone that wants to access your “locked up” retirement funds to invest in assets other than what the stock market provides, I’ve got good news for you.  You can use both your 401k and individual retirement account (IRA) to accomplish this by investing in assets such as real estate....  Read More
Forced Appreciation: How Passive Investors Can Use It
“OUCH! Ok dad, I’ll clean  up my room if you’ll stop twisting my arm!” When my kids were much younger, I could get away with a little “force” to get them to do what I wanted them to do. Twisting an arm, finger or ear would usually do the trick. Now as teenagers, it’s much harder to accomplish (they...  Read More
Pros and Cons of Creating an LLC For Rental Property
[Editor’s Note: Today’s article is a guest post from Lyle Solomon is a licensed attorney in California. He has been affiliated with the law firms in California, Nevada, and Arizona since 1991. As the principal attorney of , he gives advice and writes articles to help people solve their debt...  Read More
7 Ways To Think Like A Millionaire
If my kids want better results and learn something new, I teach them to study others that have accomplished what they’re trying to achieve. It’s really that easy.   My oldest is playing QB for his high school team and has a similar build to Tom Brady (not the arm yet!).  I told him that he should...  Read More
5 Reasons You Should Consider Raw Land Investing
If I were to ask you what it means to invest in real estate, how would you answer? If you’re an average real estate investor, you may state it has to do with buying a single family home or apartment. Or if you invest passively (like me), you might say it involves pooling your money with others ()...  Read More
117 Inspiring Warren Buffett Quotes
If you want to accomplish something in life, one of the best ways is to study those that have already done what you’re trying to acquire.  If one of your goals is to build wealth, look no further than .  He’s considered to be one of the most successful (and famous) investors in the world, with...  Read More
Who Not How Book Summary
There’s something special about those of us that grew up in the 80’s and 90’s :). One of those reasons happens to be that during this time, the greatest basketball player of all time, Michael Jordan, was selected as the third overall pick in the NBA draft by the Chicago Bulls. To put things in...  Read More
How To Make Money Work For You So You Can Stop Working
Growing up, I’d frequently hear successful people say, “If you want to get rich, you have to make your money work for YOU.” When I first heard this advice in high school, I didn’t have a clue what it meant. Just last night my wife and I were eating at our  in our home town of Monroe, LA. The...  Read More
3 Valuable Rich Dad Poor Dad Lessons You Should Know
These people tend to be more  and willing to help others out. They know that it’s not ONLY about themselves. Related article: Building Wealth Takes Big Changes There are several other Rich Dad Poor Dad financial lessons in the book but I felt that these were the BIGGEST for the doctor/high-income...  Read More
117 Inspirational Quotes About Money And Happiness
When it comes to self-improvement, building wealth is one thing  many struggle with.  Whenever I’m wanting to learn something new or stay focused on a particular area, having quotes around help keep me on the right track. Here’s my favorite 117 quotes about money and happiness.      Don’t...  Read More
Escape The Rat Race: What School Failed To Teach You About Money
Do you remember when you first started school? What was the goal by the end of kindergarten? To make it to first grade, right? Then it was to get into second, third, and fourth grade, etc. until you reached high school. That’s when the real pressure was put on to not only make good grades but do...  Read More
How To Syndicate A Real Estate Deal As A Busy Professional
A new  member recently asked, “Jeff, how can I purchase an apartment building and bring in others to invest?” After asking him a few questions about his background, I learned:     he was a pulmonologist in the Midwest     has been practicing for 16 years     was married with three kids     only...  Read More
How To Make Passive Income With Vacation Rental Property
One of the BIGGEST lessons Robert Kiyosaki’s book “” taught me was: To take it a step further, billionaire Warren Buffet once said, “If you don’t find a way to make money while you sleep, you will work until you die.” Now if the rich don’t work for money and if we don’t make money while we sleep...  Read More
How To Calculate Your FI Number
It’s amazing how many younger  members begin pursuing financial independence (FI) shortly after completing their training. I first learned about the financial independence/retire early or FIRE community after 10 years of practicing as a periodontist. Honestly, the concept of financial independence...  Read More
Golden Handcuffs: The Ultimate Doctor Restraint
You finally made it. The grueling and exhaustive medical training is now over and recently you landed your dream job with a six-figure salary that’s going to provide a sweet lifestyle. Not to mention a MUCH better way to pay off that $400,000 worth of student loans and mounds of credit card debt....  Read More
Understanding Cap Rate vs Cash on Cash Return
One of the issues first year dental students face is becoming familiar with all of the “dental lingo” involved. It took me a while to get comfortable with terms such as:     mesial/distal     apicoectomy     probing depth (PD)     loss of attachment (LOA)     exostosis This is no different when...  Read More
How To Create Passive Income With Self Storage Investing
Who would have thought that a pandemic causing a world to shut down would cause some businesses to fail and others to thrive such as the self storage industry. That’s right, . It seems that when American households couldn’t work and free money was sent to them via the government, their boredom was...  Read More
Influence Book Summary – The Psychology of Persuasion
If there’s one book that I’ve read that has helped me in ALL aspects of life (work, family and social), it would be Dr. Robert Cialdini’s . It’s also frequently mentioned on  as being on the interviewers favorite books. There’s something about both psychology and negotiation that has always...  Read More
Doctor Real Estate Investing: 4 Ways To FI
Who would have thought that a global pandemic in 2020 sending thousands of people to hospitals throughout the U.S. would cause ? Doesn’t make sense, right? You’d think the demand would now be higher but it seems that many hospitals have lost so much money that hiring new docs is next to impossible....  Read More
Qualified Purchaser vs Accredited Investor – What’s The Difference?
For the first 10 years of my career as a periodontist, I socked money away in the only investment opportunities I was familiar with….the stock market. This was due to my limited financial knowledge. At that time, the majority of our investments were in good ‘ole boring Vanguard index mutual funds...  Read More
What To Do If You’re Thinking About Quitting Dentistry/Medicine
I recently came across a post on a forum at  from a 34 year old dentist that made me do a double take based on the amount of views it had gotten (at the time over 35,000 views). Here’s what he posted: Don’t Worry, Be Happy My friend Dr. Jimmy Turner, , practices in a high stress field...  Read More
Financial Planning For Dentists In 7 Steps
“What happens if Washington votes to raise our taxes?” “Do you think all the stimulus money is going to cause inflation to rise?” Questions like these commonly appear in my inbox from members and honestly I can’t answer them (I don’t have a crystal ball). The government’s tax policy and the future...  Read More
3 Reasons Value Add Real Estate Investing Can Work For You
3 Reasons Value Add Real Estate Investing Can Work For You My dad’s father and uncle started a hardware store (Star Hardware) in 1941 that my dad still runs today. There’s nothing that I’ve ever seen that he couldn’t fix. (Maybe that’s why his nickname is “Mr. Fix-it“? Occasionally my wife and I...  Read More
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