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 401-425 of 519
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17 Pros and Cons of Owning a Laundromat
I’ll admit. I take being able to clean our clothes at home for granted. Actually, I’ve never given it much thought after we bought our first home after renting for eight years. It’s nice not having to pack up dirty laundry and take it out to get cleaned. I love having our own washer and dryer but...  Read More
5 Reasons Why Doctors Aren’t A Prodigious Accumulator Of Wealth
I first heard the term, “prodigious accumulator of wealth” in 1996 while reading Dr. Thomas Stanley’s book .  If you haven’t read it then head over to  and get it now. Even though some of the statistics might be outdated, the basic wealth building principles collected while surveying thousands of...  Read More
10 Pros And Cons Of Owning An Apartment Building
10 Pros And Cons Of Owning An Apartment Building It takes a lot of time and sacrifice to become a doctor. If you’ve been practicing for a while, it’s easy to forget how many years you’ve put in to get to where you are. Whenever a new , I have to remind them about their career path.  You’ve gotten...  Read More
59 Wealth Building Quotes From The Richest Man in Babylon
Don’t let the date (1926) fool you into thinking that the book, , is still not relevant today. It and other classics such as Napoleon Hill’s  (1937), contain wealth building lessons that will NEVER go out of style.  The Richest Man In Babylon has gained tremendous popularity due to the fact that...  Read More
7 Ways To Evaluate a Real Estate Sponsor
One of the most frequently asked questions new  members ask is how they can go about finding the best real estate deals. If you’re not familiar with how the process works then yes,  that would be a good question to ask.  Except it’s not. When investing in real estate, especially as a passive...  Read More
10 Ways Doctors Can Become Real Estate Millionaires
[Editor’s Note: Today’s article in a guest post from Landon Murie, CEO of . His company helps property managers market their services.] There are hundreds of thousands of comfortably retired millionaires who got that way through rental property investing.  Here are 10 ways that rental property...  Read More
Depreciation Recapture – How It Works When Selling Property
One of the reasons that keeps people from getting started in real estate is the amount of new “lingo” that has to be learned. For me, it was similar going from college to dental school. The first couple of months sitting in lecture halls confused the heck out of us. It was as if the professors were...  Read More
The Importance of Time Value of Money
You’ve probably heard about the importance of time value of money. But do you know what it really means? One of the first people to coin the phrase “Time is money” was Benjamin Franklin in his book, “Advice to a Young Tradesman, Written by an Old One”. The original quote was:                   ...  Read More
What To Do With 50K: 10 Year Look At Passive Investing
What To Do With 50K Each Year – A 10 Year Look At Passive Investing I recently posed this question on which is the largest forum for dentists: “For those that have been practicing for 5+ years & knowing what you know now regarding finances and investing, what would you do differently if you could...  Read More
9 Ways To Vet The Best Real Estate CPA
One of the main reasons many high-income earners join the  is to seek out ways to lower their tax bill investing in real estate. Why? They’re tired of paying more and more of their hard-earned money to the IRS as their income continues to climb throughout their careers. The main goal of this...  Read More
How To Evaluate An Investment Deal In Real Estate
So you’ve decided that you want to get into passive real estate investing. Good for you. One of the reasons new  members choose to go this route is that they realize that investing the “traditional” way for 35+ years in a 401k doesn’t give them many options. Investing for cash flow NOW to replace...  Read More
Is Becoming a Doctor Worth It? Why Doctors Don’t Get Rich
  I remember growing up watching Bill Cosby play Dr. Cliff Huxtable on the Cosby Show. There was one particular episode where he deliberately dressed in shabby clothes when purchasing a new car. He wanted to teach his kids that you shouldn’t ever dress like you’re wealthy when making large...  Read More
What To Do With 10 Million Dollars If It Fell In Your Lap
What To Do With 10 Million Dollars If It Fell In Your Lap There’s a Louisiana Lottery and Powerball electronic sign in between our house and church. Every Sunday morning after we leave church, my 13 year old and I play a game. As we pass the sign I ask him, “What would you do if you won the...  Read More
Why Passive Income Beats Active Income
Most doctors and other high-income earners only focus on (and know about) active income. They buy their “stuff” with active income such as cars, boats, watches and suits. Active income is the MOST heavily taxed income there is. Read that sentence again and let that sink it. Related article:  Why...  Read More
37 Motivational Financial Freedom Quotes
37 Motivational Financial Freedom Quotes  is a term that gets tossed around quite a bit in the personal finance space. It can mean different things to different people. High income earners many times feel that becoming financially free is not possible as their income is too high to replace. The two...  Read More
7 Real Estate Investing Blogs Every Doctor Should Know
7 Real Estate Investing Blogs Every Doctor Should Know One of the top reasons doctors and other professionals in stressful careers join our Free . Now some do want to retire earlier. But for the most part, many get the itch to cut back to part time and pursue what they’ve been putting off due to...  Read More
Family Wealth – 3 Things To Pass On Besides Money
Family Wealth – 3 Things To Pass On Besides Money As I get older, it seems that my interests and priorities continue to change. I’m a Generation X’er which is defined as someone born between 1965 – 1979. In the U.S. we are 80+ million strong! So when I recently read about how over the next 25...  Read More
What’s an eQRP? 7 Advantages To Invest Vs IRAs
The first time someone mentioned , I thought they were talking about a hot stock tip. I remember first hearing the term two years ago in Dallas at a real estate conference about . Many attendees in the room were like most  members searching for alternate ways to invest their locked up retirement...  Read More
Apartment Investing 101 for Doctors
Apartment Investing 101 for Doctors By now, you probably know that I love to , but I also have a passion for sharing how to do it here with you each week. Why? Well, why not? It seems that people continue holding onto their  after their education/training is completed. I know I did many years after...  Read More
3 Ideas For Passive Income From a Plastic Surgeon
3 Ideas For Passive Income for college students, med students, dental students & beyond from a recently trained plastic surgeon. [Editor’s Note: Today’s article is a guest post from Dr. Jordan Frey who blogs at . He recently completed his training and is now practicing in Buffalo, NY. He’s married...  Read More
Financial Freedom – Can Doctors REALLY Achieve It?
What’s Your Financial Freedom Definition? It seems like everybody is striving for “” these days even though they’re not quite sure what it means. Literally every article I read or  I listen to has some mention of it. Let me ask you a question… What’s your financial freedom definition? If you...  Read More
7 Steps – How To Build A Real Estate Empire
How To Build A Real Estate Empire And Retire Early Most people only focus growing their active income. This type of income buys fancy cars, expensive homes, and designer clothing, all while simultaneously being taxed at the highest rate out of any income.  Yep, read that last part again. Active...  Read More
7 Minute Read: Tax Free Wealth Book Summary
7 Minute Read: Tax Free Wealth Book Summary I’ll admit. I’ve spent most of my life relying on other people for help in areas that I don’t know much about. One of them is construction. My dad owns a hardware store, so you’d think I’d be handy with tools. Think again! Unfortunately he didn’t pass...  Read More
Scarcity Mindset: How It Can Impact Your Kids
Scarcity Mindset: How It Can Impact Your Kids What’s holding you back from growing wealth and ? Could it be something inside your head? Is it negative, fearful thoughts focused on what you don’t have? This certainly could be the case whether or not you realize it. Unfortunately, many of the...  Read More
Depreciation: The #1 Tax Break For Dentists
Depreciation: The #1 Tax Break For Doctors Most doctors fall into the 32% or 37% tax bracket. Needless to say, taxes are and will continue to be our BIGGEST expense. After purchasing a building and new equipment many years ago, I remember my CPA mentioning something about saving taxes...  Read More
Displaying 401-425 of 519
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