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 501-525 of 551
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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
How a 24 Year Old Creates Passive Income from $40 Million In Multifamily
Passive Income A few months ago, my teenage son approached me and asked, “Dad, when I get older, can you teach me about that real estate stuff you’re always reading about?” For those of you that have teenagers, not only was I just completely surprised that he wanted to learn about something, but he...  Read More
How To Tell If A Passive Real Estate Deal Is Good Or Not
Real Estate Executive Summary – What Does A Good Deal Look Like? One of the top questions members of our  typically ask is, “What does a good real estate deal look like?” To answer that question, we must first look at how most of the  deals are marketed to investors. Many times they’ll use what is...  Read More
Equity Multiple In Real Estate – What You Should Know
Equity Multiple Real Estate I had a call today with an owner of a marketing company to discuss different strategies I’d like to look into for next year regarding my . I actually found her through someone that I currently passively invest with in . She’s married with five kids and loved the fact...  Read More
7 Steps To Investing In Your First Apartment Syndication
7 Steps To Investing In Your First Apartment Syndication If you’re anything like I used to be, the only real estate transaction you’re familiar with was purchasing a home. Do you remember the process you went through when you bought your first home? It probably went something like this…. Initially...  Read More
Dave Ramsey Mortgage Advice – Should You Buy A House With Student Loans?
Dave Ramsey Mortgage Advice – Should You Buy A House With Student Loans? A topic about mortgages appeared recently on , which is the world’s largest online community for dentists. The post discussed a video (see below) in which the wife of a recent dental school grad that called in to get some Dave...  Read More
7 Impressive Benefits To Mobile Home Investing
Mobile Home Investing Whenever I see a patient for the first time, I like to find out a little more about them before diving into the real reason they’re visiting our clinic. One of the ways I do this is by asking them about their likes/interests/hobbies on one of our intake forms. Recently, one of...  Read More
7 Minute Read: Rich Dad Poor Dad Summary
Rich Dad Poor Dad Summary Occasionally I get so much information that comes across my desk that finding material to write about is a cinch. On the other hand, I sometimes need help coming up with topics that would benefit you so I reach out to other bloggers for help. So recently I did just that. I...  Read More
Cost Segregation Study – How To Seriously Lower Your Taxes
Cost Segregation Study One of the biggest expenses doctors and other high-income earners face are taxes. In the past, I’ve shared  that can help us save thousands or more per year. Now, I want to make it clear that I’m a periodontist and NOT a CPA. If you have tax questions, especially when it...  Read More
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