Physician's Guide to Doctoring with Bradley B. Block, MD
Health & Fitness:Medicine
Exploring Financial Planning and Land Flipping
This episode is sponsored by @PearsonRavitz.
The episode features Dave Denison, a financial planner and host of the Freedom Formula for Physicians Podcast. They delve into the concept of financial freedom for physicians, which involves becoming debt-free, having a strategic plan for income generation, and exploring tax reduction strategies. They clarify that while consumer debt is unfavorable, investment debt can be beneficial for cash flow and acquiring assets.
Looking for something specific? Here you go!
00:02:01 Financial freedom formula: Debt-free, strategic planning, lower taxes.
00:09:57 Negotiate fees with a financial advisor.
00:11:52 Different fee structures for advisors.
00:17:26 Utilize tax-saving strategies for physicians.
00:21:03 529 plans can be converted to Roth for kids.
00:30:42 Tax advantages of short-term rentals.
00:32:26 Passive income is not truly passive.
00:36:46 Tax efficiency in investments.
Bio/links!
As a financial advisor for Eagle Strategies, a wholly-owned subsidiary of New York Life, David specializes in creating custom insurance and financial solutions to meet the needs of clients like you. Working together, we’ll develop a comprehensive approach that addresses today’s needs, tomorrow’s goals, and helps transfer wealth to the next generation.
Connect with David here: dadenison@ft.newyorklife.com
Did ya know…
You can also be a guest on our show? Please email me at brad@physiciansguidetodoctoring.com to connect or visit www.physiciansguidetodoctoring.com to learn more about the show!
Socials:
@physiciansguidetodoctoring on FB
@physicianguidetodoctoring on YouTube
@physiciansguide on Instagram and Twitter
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