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 476-500 of 534
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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
How To Build Wealth With Real Estate - 5 Ways
How To Build Wealth With Real Estate – 5 Ways I recently had an interesting call with a new member of the . He wanted to start investing in real estate but ultimately admitted that fear was holding him back. Once I dug in to learn a bit more of his situation, he told me that he’d always invested in...  Read More
The Ultimate Guide To A Real Estate Syndication Structure
Real Estate Syndication Structure It's amazing how many doctors and other high-income professionals members of our . Actually, until a few short years ago, I hadn't either. It seems that more and more doctors are in search of building  and syndications are a great way to help. Quick story. A...  Read More
The Geometry Of Wealth – How Money Figures In A Joyful Life
The Geometry Of Wealth  I love to read. It’s also my #1 prescription for anyone that suffers with insomnia. I typically average 5-7 books a month and usually get a list of book ideas from either the books I read (they reference other books) or from other people. When I met with Dr. Cherry Chen ()...  Read More
Grant Cardone Real Estate Guru - 9 Rules To Get Your Money Right
Grant Cardone Real Estate Guru – 9 Rules To Get Your Money Right Whether you love him or hate him,  has a HUGE following when it comes to playing the money game. I first stumbled on to him after reading his book . It inspired me to stop setting goals that were too low and instead, 10X them. For...  Read More
Is Farmland a Good Investment? What You Need to Know
Is Farmland a Good Investment? What You Need to Know [Editor’s Note: Today’s article in a guest post from Michael Dinich who blogs over at .  He’s worked in the personal finance industry since 1999, where he helped families plan for retirement, reduce taxes, eliminate unnecessary expenses, and plan...  Read More
506b vs 506c – What Passive Investors Should Know
506b vs 506c When I first started investing in , one of the terms that I kept hearing about was Rule 506 of Regulation D. Say what? Yes, that was my first thought too. As a  with no background in real estate investing, I had to spend months on self-educating myself as I do each day. Some of the...  Read More
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