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The Freedom Formula for Physicians | How Doctors Cut Debt & Slash Taxes | Business Of Medicine | Financial Education

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My name is Dave Denniston. I started podcasting in 2014 as my way of paying back physicians for helping my family with our miracle child, Evangeline, who was born at a mere 12.4 ounces/ 23 weeks gestationally. Through this journey, I've had the honor of interviewing Dr. Jim Dahle (The White Coat Investor), Dr. Kevin Pho (KevinMD), Dr. Pamela Wible, Dr. Dike Drummond, Dr. Nii Darko, and so many more. This is my personal podcast, dedicated to physicians. It is focused on “financial freedom” and just as importantly, how physicians can engage in healthy & a prosperous mindset! My philosophy is that we can all learn from others and who better to talk to physicians than other physicians and experts in various areas! I want to see every physician lower their taxes, destroy their debt, and enjoy a joyous, liberated lifestyle so that they can focus on what they love most- their families, their patients, and the activities that give them joy. I speak and interview folks on a whole host of issues that are important to physicians- burnout, how to protect their families, divorce, taxes, medical school debt, how to be a blogger & author, how to start an independent practice, and much more. I also occasionally speak about the resources that I am discovering. My goal is to create insightful, relevant content that you can put to work in your personal and professional life. If you are a physician- or aspire to be- then this podcast is for you! I typically post once per week, sometimes more often. Make sure to subscribe and stay tuned. The best is yet to come!

My name is Dave Denniston. I started podcasting in 2014 as my way of paying back physicians for helping my family with our miracle child, Evangeline, who was born at a mere 12.4 ounces/ 23 weeks gestationally. Through this journey, I've had the honor of interviewing Dr. Jim Dahle (The White Coat Investor), Dr. Kevin Pho (KevinMD), Dr. Pamela Wible, Dr. Dike Drummond, Dr. Nii Darko, and so many more. This is my personal podcast, dedicated to physicians. It is focused on “financial freedom” and just as importantly, how physicians can engage in healthy & a prosperous mindset! My philosophy is that we can all learn from others and who better to talk to physicians than other physicians and experts in various areas! I want to see every physician lower their taxes, destroy their debt, and enjoy a joyous, liberated lifestyle so that they can focus on what they love most- their families, their patients, and the activities that give them joy. I speak and interview folks on a whole host of issues that are important to physicians- burnout, how to protect their families, divorce, taxes, medical school debt, how to be a blogger & author, how to start an independent practice, and much more. I also occasionally speak about the resources that I am discovering. My goal is to create insightful, relevant content that you can put to work in your personal and professional life. If you are a physician- or aspire to be- then this podcast is for you! I typically post once per week, sometimes more often. Make sure to subscribe and stay tuned. The best is yet to come!
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United States

Description:

My name is Dave Denniston. I started podcasting in 2014 as my way of paying back physicians for helping my family with our miracle child, Evangeline, who was born at a mere 12.4 ounces/ 23 weeks gestationally. Through this journey, I've had the honor of interviewing Dr. Jim Dahle (The White Coat Investor), Dr. Kevin Pho (KevinMD), Dr. Pamela Wible, Dr. Dike Drummond, Dr. Nii Darko, and so many more. This is my personal podcast, dedicated to physicians. It is focused on “financial freedom” and just as importantly, how physicians can engage in healthy & a prosperous mindset! My philosophy is that we can all learn from others and who better to talk to physicians than other physicians and experts in various areas! I want to see every physician lower their taxes, destroy their debt, and enjoy a joyous, liberated lifestyle so that they can focus on what they love most- their families, their patients, and the activities that give them joy. I speak and interview folks on a whole host of issues that are important to physicians- burnout, how to protect their families, divorce, taxes, medical school debt, how to be a blogger & author, how to start an independent practice, and much more. I also occasionally speak about the resources that I am discovering. My goal is to create insightful, relevant content that you can put to work in your personal and professional life. If you are a physician- or aspire to be- then this podcast is for you! I typically post once per week, sometimes more often. Make sure to subscribe and stay tuned. The best is yet to come!

Language:

English


Episodes

S2, Episode 8-How to (Legally) Max Out Your Social Security

10/11/2019
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Are you getting close to retirement? Have you been wondering what to do about social security? Is there a right way to take the money? In this podcast, Dave Denniston talks about what's been happening with social security and how it effects you. He breaks it down by age and what each person should be thinking about. He reveals... - Why people have been file and suspending. Is this something you should do (or can do)? - The strategy that he made sure his parents used (but isn't available...

Duration:00:11:18

S2, Episode 7-A New Way To Become The MacGyver of Reimbursements

10/4/2019
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Have you ever felt like your income is getting flatter than a pancake? Have you felt the pressure from decreasing reimbursements? Wondering if you could get that productivity bonus? Your host, Dave Denniston, was recently reading an article that was eye-opening on a common method that physicians miss. In this podcast, Dave Denniston talks about this method and how primary care docs (and perhaps many others) can drastically increase the revenue per patient. For all the show notes,...

Duration:00:06:19

S2, Episode 5-How IBR and PER Could Help You Win The Game of Thrones

9/27/2019
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In the last episode, we walked through the Public Service Loan Forgiveness (PSLF) program. It's the most common way physicians get their loans forgiven. But, once you decide to enroll in that program... you have to wrestle with the incredibly tough question of, which repayment plan should I choose? In this podcast, we explore when, why, and how you should choose a given repayment plan. Check it out and let Dave know what you think! For all the show notes, transcription and more, check...

Duration:00:12:03

S2, Episode 4-9 Insane (But True) Things About PSLF

9/20/2019
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Have you ever wondered, what the heck can I do about all this debt? Is a debt forgiveness program right for me? In this podcast, Dave reveals 9 incredibly important aspects that you need to know about the most popular debt forgiveness program, the Public Service Loan Forgiveness Program (PSLF). He outlines who is eligible for this program, how much you have to work, and when you should start to apply. If you are under a mountain a debt, make sure to check this out! For all the show...

Duration:00:10:21

S2, Episode 3-19 Facts About Health That Everyone Thinks is True with Dr. Wendie Pett

9/13/2019
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In medicine, we talk a lot about prevention. Have you ever felt like you were preaching to the choir? That maybe you let your own health slip, that maybe you need some help and some tips with taking care of your own health. There are many doctors who are happy and healthy, and then there are those of us who are struggling with burn-out and the grind of practicing medicine. In this podcast, Wendie reveals: - Learn the effects of having no margin on your day - How one piece of advice could...

Duration:00:30:32

S2, Episode 2-3 Practice Building Lessons from Beachbody

9/6/2019
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In this podcast, Dave reveals one of his greatest passions- working out! He's never been a jock, but he has put a ton of effort and resources into staying in shape. Since moving to Minnesota, he's invested in products from Beachbody, the makers of P90X, Insanity, and T25. Have you ever felt like you never got the financial education, the business education that you wanted? Many physicians feel this way and with all of the time spent on training and residency, it's not surprise. As he's...

Duration:00:06:21

[Throwback] S1, Episode 35 Dave Sounds Off- Rent vs. Buy- Is Mr. Money Mustache Right???

8/30/2019
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Rent versus Buying. We should all rent??? Is Mr. Money Mustache Right?? Dave breaks it down to talk about how Mr. Money Mustache got it right.... and how he got it wrong- specifically for physicians. He rants for a few minutes on the top decisions physicians need to make in considering when to buy their first place. What about you? Are you renting a home? Did you buy a home? Why? Do you regret your decision? What advice would you give to a medical student or a resident/fellow? For...

Duration:00:05:24

[Throwback] S1, Episode 34-Dave Sounds Off- What Dave Ramsey Missed

8/23/2019
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In this podcast, Dave Denniston talks about an article he read recently on Dave Ramsey's website. You can check out that article here. He rants for a few minutes on the top decisions physicians need to make in considering what to do for their kiddos' education. In this podcast, you'll learn the 5 BIGGER questions you should be asking before your child goes to college. For all the show notes, transcription and more, check out the podcast website at www.doctorfreedsompodcast.com

Duration:00:06:25

S1, Episode 33-Kim Aikens- When Physician Mindfulness Training is More Tempting Than a Cinnabon

8/16/2019
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Have you ever been at a place where you just didn't want to go to work anymore? Maybe... you're feeling tired, emotionally callous, worn-out... burned out. I read a statistic the other day that shocked me... 50%, yup, that's no lie, 50%- 1 out of every 2 physicians are burned out today. Our next guest is a physician that underwent fellowship training in integrative medicine. She spent 15 years in a private internal medicine practice. She then transitioned out of practice by combining...

Duration:00:27:10

[Throwback] S1, Episode 32-Dave Sounds Off- My Most Embarrassing Moment

8/9/2019
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In this podcast, Dave Denniston talks about his most embarrassing moment ever! What about you? What was your most embarrassing moment? Have you ever been embarrassed about a decision with money? What have you done about it? For all the show notes, transcription and more, check out the podcast website at www.doctorfreedsompodcast.com

Duration:00:07:00

[Throwback] S1, Episode 31-Dave Sounds Off- [BOOK REVIEW & GIVEAWAY] The Final Hurdle

8/2/2019
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In this podcast, Dave reviews over Dennis Hursh's book "The Final Hurdle". Dave shares the following: - The highlights of RVUs and what every resident & fellow should consider - How physicians considering private practice can avoid pitfalls - What benefits can be negotiated and not negotiated Finally, he is giving away ONE free copy! The first person to e-mail dave@daviddenniston.com with your name & address will get a free copy! For all the show notes, transcription and more, check...

Duration:00:04:45

[Throwback] S1, Episode 30-A Contract Horror Story

7/26/2019
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In this podcast, Dave Denniston talks about a crazy, insane story of a physician who got hit with an unexpected six figure bill! Dave shares the following: - The challenge that young physicians HAVE to consider when they leave when position to start another - How a physician was scraping by and begging friends and family to help them out afterwards - Learn how Contract Diagnostics was able to knock off five figure off the six figure bill For all the show notes, transcription and more,...

Duration:00:05:46

S1, Episode 29-Top 5 Podcasts for Physicians

7/19/2019
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In this podcast, Dave Denniston talks about the Top 5 Podcasts for Physicians. Dave shares the following: - The FIRST podcast is done by an ER physician and shares intriguing thoughts on medicine & life. - The SECOND podcast is hosted by a young physician who focuses on the future of medicine & entreprenuership - The THIRD podcast is done by a pair of doctors who focus on treatments - The FOURTH podcast is a done by a journal that I found fascinating - The FIFTH podcast sounds a bit...

Duration:00:04:29

[Throwback] S1, Episode 28-Dr. Tedd Koren- Where Private Practices Are Headed In the Next 5 Years

7/12/2019
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One of the areas I am incredibly passionate about is doctors becoming business owners. In this world where hospitals are gobbling more & more practices, there are a lot of financial & emotional incentives to start & maintain your practice. That’s why I thought I would bring as a guest, Dr. Tedd Koren. Dr. Koren is a great entrepreneur and healer. He has many words of wisdom that can help many whitecoats- whether you are a doctor, dentist, or chiropractor. In his own quest to heal from an...

Duration:00:25:49

[Throwback] S1, Episode 27-3 Shockingly Easy Elements of Physician Disability Policies

7/5/2019
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In this podcast, Dave Denniston talks about 3 Shockingly Easy Elements of Physician DI Policies. Dave shares the following: - The FIRST is the biggest determinant of your cost and you have COMPLETE control over it - The SECOND is an incredibly easy way to CUT your costs WITHOUT cutting your benefit - The THIRD is where a lot of insurance salespeople sell a "Cadillac Escalade" policy when all a physician needs is a Honda Civic. Find out how you can change your policy even if you have had...

Duration:00:05:14

[Throwback] S1, Episode 26-Dave Sounds Off- Single Parents Rock!

6/28/2019
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In this podcast, Dave shares how his wife was gone for two weeks in back-to-back-to-back trips and he was left as a single parent! He was left with a huge appreciation for folks that do this all the time and gives a big shout out to single parents. If you are a single parent that is a doctor or a dentist (or whoever!), how are you handling it? What are the financial challenges and struggles you are facing? How can Dave best help you out? E-mail dave@daviddenniston.com and let him know...

Duration:00:02:45

[Throwback] S1, Episode 25-Dave Sounds Off- My House Is On Fire!

6/21/2019
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In this podcast, Dave Denniston talks about a previous life event and the journey of getting back on his feet. For all the show notes, transcription and more, check out the podcast website at www.doctorfreedsompodcast.com

Duration:00:07:49

[Throwback] S1, Episode 24-Dave Sounds Off- My Timeshare Sucks!

6/14/2019
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In this podcast, Dave Denniston talks about a recent client experience and the journey of getting rid of a time share. Dave shares the following: - Three great resources to sell your time share (including one to see if it may even be possible!) - The EASY option to unload your time share and get a tax write-off - How you could buy more timeshare credits- where to buy and where NOT to buy them For all the show notes, transcription and more, check out the podcast website at...

Duration:00:04:33

[Throwback] S1, Episode 21-Dr. Philippa Kennealy- The Entrepreneurial MD

6/7/2019
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In this podcast, I interview the Entrepreneurial MD, Dr. Phillipa Kennealy. With so many physicians punching the clock every day, today, as employees, I really sense a shift coming. There are so many doctors that are unhappy now. I think a big change is upon us and that physicians want to reclaim their time & their freedom. I believe that physician entrepreneurs are going to come back. Who better to speak to this than a physician who has done it herself? That’s why I thought I would bring...

Duration:00:31:37

S1, Episode 22-Julia Orlando Sotile- 5 Big Keys to Unlock Happiness in Physician Marriages

5/31/2019
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My name is Dave Denniston. Welcome back to the latest episode of The Freedom Formula for Physicians Podcast. Physicians today are working so hard. In the midst of a grueling work schedule, our families can be forgotten. Unfortunately, this leads to doctors and dentists having some of the highest divorce rates in the country. In my book The Freedom Formula for Physicians, I talk about one of the biggest mistakes that many physicians make is this lack of work-life balance and not making the...

Duration:00:33:10