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 426-450 of 551
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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
The 7 Dave Ramsey Baby Steps Explained
The Dave Ramsey Baby Steps Explained If you enjoy reading and learning about personal finance, then it’s safe to say you’ve probably heard the name . Since the 90’s, The Dave Ramsey Baby Steps have helped millions of people  and start them down the path to achieving financial freedom. No matter how...  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
Living Below Your Means vs Expanding Your Means – How To Get Rich
Living Below Your Means vs Expanding Your Means It wasn’t until recently that I heard a podcast host mention that instead of focusing on living below your means, we should instead EXPAND them.  The majority of finance articles focused on  This principle is even listed as one of the main lessons in...  Read More
5 Outstanding Tax Strategies For High Income Earners
Do you want to lower your income tax bill? Who doesn’t? But the more money you make, the higher taxes you have to pay, right? Well, maybe not. Why do the ultra-wealthy like Donald Trump and  pay so little in taxes as compared to their income? It’s because they know how to play the tax game. Even if...  Read More
How To Invest 200K In Hassle Free Real Estate
How To Invest 200K In Hassle Free Real Estate A  due to the pandemic. We’d like to invest $200K in something other than the stock market. Can you help?” The March 2020 national shutdown caused many folks to take a step back and re-evaluate their finances. For some, it was a good thing as many...  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
3 Levels of Wealth
The 3 Levels of Wealth From a Billionaire’s Perspective I’ve been a member of several online groups for  in the past. The majority have used a messaging tool called Slack for internal communication among members. Since the pandemic shutdown across the U.S., Slack has allowed companies to continue...  Read More
Straight Outta Training - How To Retire In 10 Years With No Savings
How To Retire In 10 Years With No Savings Here’s an email I received this morning. I removed the dentist’s name to protect his identity: Good morning Dr. Anzalone, My name is Dr. X, currently practicing at a corporate practice right out of school in Alabama. You were on one of .   I’m very...  Read More
I Can’t Do It Anymore: 3 Reasons Doctors Hate Their Job
For the non-medical professional hearing a doctor say, “I hate being a doctor” would be like Michael Jordan back in the day saying, “I hate being a NBA player.” It doesn’t make sense, right? Unfortunately it’s hard to put ourselves in someone else’s shoes until we walk in them too. I searched the...  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
How To Use a Delaware Statutory Trust for 1031 Exchanges
How To Use a Delaware Statutory Trust for 1031 Exchanges As a high-income earner, one of the largest expenses you have is taxes. Unfortunately, too many doctors become complacent with paying almost half of their salary to the IRS and never do anything about it. Why? I don’t know. Look, I’m not an...  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
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