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

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Real Estate Investing 101 For Doctors
Real Estate Investing 101 For Doctors Real estate investing has started to become popular among doctors and other high-income professionals as they have begun to focus on growing . If done right, you could see great returns on your money but, as with any type of investment, “never invest in...  Read More
Do You Have A Fear Of Money?
Do You Have A Fear Of Money? – Chrometophobia Whether you realize it or not, many people have some type of irrational fear of money. There’s actually a specific term for it: Chrometophobia – which is the extreme fear of money stemming from the Greek words “chrimata” (money) and “phobos” (fear)....  Read More
Money Mindset – 3 Steps From Poor To Rich Mindset
Money Mindset – 3 Steps To Shift From Poor To Rich Mindset It seems the more I learn, the more I realize that if we want to achieve or improve at anything in life, including our financial life, it starts with a mindset shift. Most docs and other high-income earners that join our . Recently, I was...  Read More
Is It Better To Pay Off A Mortgage Or Invest?
Is It Better To Pay Off Mortgage Or Invest? One of the biggest debates in the financial world has to do with the question….Is it better to pay off mortgage or invest? As someone who has followed , let’s take a look at what he’s recently had to say about this to callers on his show. Is It Better To...  Read More
Leverage – The Extreme Real Estate Advantage
What Is Leverage In Real Estate? When I first think of the term “leverage“, nightmares of college physics class comes to mind. I still don’t understand why we had to take some of the classes that were required such as physics and organic chemistry but hey, I’m glad those days are long gone. During...  Read More
What Are Dave Ramsey’s Baby Steps?
I can still vividly remember where I was when I first heard the . At the time, I was completing a dental residency in New Orleans. Honestly, I hadn’t given too much thought to my accumulating student loan debt ($250K+) because I thought that I’d make decent money once I finished. Unfortunately,...  Read More
Freedom Founders – My Personal Experience
Freedom Founders – My Personal Experience Years ago I realized that I needed more streams of income, specifically . More on that shortly. After doing some research, I found out about Dr. David Phelps who ran a mastermind group called Freedom Founders. His group focused mainly on dentists/physicians...  Read More
13 Lessons From Think And Grow Rich Napoleon Hill
13 Lessons From Think And Grow Rich Napoleon Hill The older I get, the more I try to learn new information for personal development in a way that takes the least amount of time and energy. How? By not trying to reinvent the wheel. For instance, with the coronavirus crisis, it seemed that everyone...  Read More
7 Lessons Learned During The Coronavirus Pandemic
7 Lessons Learned During The Coronavirus Pandemic I can still remember that night like it was yesterday. My son and I were watching his favorite NBA team play on TV, the Dallas Mavericks. That Wednesday was only 3 days away from his birthday trip/gift – (near)court side seats to watch his favorite...  Read More
How To Tithe Correctly And Still Get Wealthy
How To Tithe Correctly And Still Get Wealthy Whether you’re a Christian or not, the simple act of giving makes you an overall better person and it’s a topic that’s discussed rather frequently on other personal finance blogs such as: The Physician On Fire:  My wife and I began teaching this...  Read More
What Is Real Estate Syndication Deals - And How To Find Them
What Is Real Estate Syndication Deals – And How To Find Them One of the reasons I created the  is to educate doctors and other high-income earners about their passive real estate options. After joining, the first step is to have a brief discussion regarding their financial goals and answer their...  Read More
The Cashflow Quadrant – How You Earn Money Matters
Robert Kiyosaki Cashflow Quadrant One of the ways that I develop a list of to read (both fiction and non-fiction) is by asking successful people.   Reading fiction books not only keep me entertained, but also help with developing more creativity while writing. I now pay attention to how...  Read More
Financial Stress During a Crisis – 5 Lessons Learned
Financial Stress During a Crisis – 5 Lessons Learned I still vividly remember eating lunch with my friends (Ben and Brad) back in 2009 when the markets were sinking on a daily basis. We had a weekly routine of loading up on a generous helping of soul food at  here in Monroe, LA. One Tuesday, Ben...  Read More
Dave Ramsey Baby Steps: Are You Prepared For The Next Crisis?
Dave Ramsey Baby Steps: Are You Prepared For The Next Crisis? [Editor’s Note: Today’s article in a guest post from Dr. Adebayo Fasanya who blogs at   He’s a pulmonary and critical care doctor by day, a personal finance blogger/debt slaying ninja at night. After paying off $300,000 in student loan...  Read More
The Coronavirus Financial Survival Kit for Healthcare Professionals
The Coronavirus Financial Survival Kit for Healthcare Professionals [Editor’s Note: Today’s article in a guest post from Dr. Brent W. Lacey, M.D. is a gastroenterologist who is passionate about helping physicians succeed with business and personal finances. As a physician, he understands how...  Read More
The ONE Thing Summary – Do You Know Your ONE Thing?
The ONE Thing Summary I remember first reading  by Gary Keller and Jay Papasan shortly after it was released in 2012. Back then, I didn’t know what my one thing was. Recently after watching Jay Papsan’s Wealth Building With The ONE Thing & Millionaire Series talk he gave at Google (see video...  Read More
How Much Money Is Enough? – It May Be Less Than You Think
How Much Money Is Enough? A hot topic these days among the . Specifically:     “How much money is enough?” or…     “How much money do I need to stop working and enjoy life?” To answer this, it depends on who you ask. What do you think? Have you ever thought about your “magic” number? Most of us...  Read More
Multiple Streams of Income – 4 Ways To Make Money In Real Estate
Multiple Streams of Income – How To Make Money In Real Estate Are you where you want to be in your financial journey? Most doctors and other high-income earners that initially join the  typically don’t seem to be. Why? For the most part, they haven’t taken the time to evaluate their investments. To...  Read More
7 Ways to Invest in Real Estate Without Buying Property
7 Ways to Invest in Real Estate Without Buying Property [Editor’s Note: Today’s article is a guest post from Andrew, the founder of  through side hustles while raising 2 kids on a single income.] How do many wealthy people get that way? They invest in real estate. It is a proven way to build...  Read More
What's The Preferred Return In Real Estate Investing?
Preferred Return A new member in our  asked a question that many investors also want to know....the return on investment. More specifically, she asked about something that she'd heard discussed on a , the preferred return or "pref". Her question was: NOI = annual rental income – the operating...  Read More
How Is Passive Income Taxed? 7 Things You Should Know About Taxes & Investing
How Is Passive Income Taxed? If you're an avid reader of the Debt Free Dr site, then you know how much I stress the importance of creating multiple streams of passive income. Related article:  If you want to work until you physically can't work anymore, then you don't need to worry about creating...  Read More
Mobile Home Park Investing For Passive Investors
Mobile Home Park Investing For Passive Investors A couple of months ago I decided to listen to a podcast called the . I must admit that it really opened my mind to how  think about investing and money. Paul Moore of Wellings Capital was an interviewee who had a fantastic story and also helps others...  Read More
7 Steps – How To Become Financially Independent
How To Become Financially Independent (FI) Recently while listening to a  I was reminded about something I’d heard of several years ago when I first started practicing, Parkinson’s Law. It was developed by English writer Cyril Northcote Parkinson and states that, “Work expands so as to fill the...  Read More
What Is A Good Cap Rate And Why It Matters
What Is A Good Cap Rate? When I first started , I began with zero real estate experience. This is similar to the many doctors turned real estate investors I speak with weekly. As someone that loves to read, this didn’t bother me too much. The more I learned, the more I realized that I had to...  Read More
The Magic Of Thinking Big Summary -12 Lessons Learned
The Magic Of Thinking Big Summary Occasionally I like to take a break from writing about finance and  and grab a book from my shelf that I think would benefit you. Well, today is your lucky day. David Schwartz’s book, . You see, most of us think too small. Don’t believe me? Let’s find out. Right...  Read More
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