Docs Outside The Box

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Nii brings back Eric McGlothen, CPA and Founder of Eric McGlothen, LLC, with another tax tip, this time focusing on home office deductions, specifically how to designate space in your home and calculate and reduce your tax burden.
 
 Things to expect in this episode:

• How to designate space in your home as an office
• Home office deductions for W-2 employees
• Your business designation and deduction eligibility
• How to claim a portion of your rent and/or home expenses

Guest Contact Information:

• Website: https://www.emac-cpa.com/
• Email: [email protected]
• Twitter: @emaccpa
• Facebook: https://www.facebook.com/people/Eric-McGlothen-LLC-CPA/100063691114849/
• Phone: (404) 946-1855
• Youtube Show: Level Up with Eric McGlothen

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Text word PODCAST to 833-230-2860

Twitter: @drniidarko
Instagram: @drniidarko
Email: [email protected]

Podcasting Course: www.docswhopodcast.com
Merch: https://docs-outside-the-box.creator-spring.com

This episode is edited by: Your Podcast Pal

This episode is sponsored by 

Locumstory. Learn how locum tenens helps doctors make more and have the lifestyle they deserve! Check them out HERE!

SEND US A TEXT MESSAGE!!! Let Drs. Nii & Renee know what you think about the show!

We're back with another Tax Series Money Tip with Eric McGlothan, CPA and CEO of Eric McGlothen, LLC CPA.  In this episode, we address the options employed doctors have to decrease their taxes. Eric explains why W-2 income is the hardest income to plan for.

Things to expect in this episode:

• The benefits of maximizing money going into retirement and health saving accounts, plus charitable contributions
• The upside and downside of conservation easements
• The role of 401ks, HSAs, and IRAs in reducing taxable income

Guest Contact Information:

• Website: https://www.emac-cpa.com/
• Email: [email protected]
• Twitter: @emaccpa
• Facebook: https://www.facebook.com/people/Eric-McGlothen-LLC-CPA/100063691114849/
• Phone: (404) 946-1855
• Youtube Show: Level Up with Eric McGlothen

WE WANT TO HEAR FROM YOU!!!!  FILL OUT THE DOCS OUTSIDE THE BOX PODCAST SURVEY (in partnership w INCROWD)

INCROWD
MAKE EXTRA MONEY AS A RESIDENT OR ATTENDING - COMPLETE MEDICAL SURVEYS WITH INCROWD

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Join our community
Text word PODCAST to 833-230-2860

Twitter: @drniidarko
Instagram: @drniidarko
Email: [email protected]

Podcasting Course: www.docswhopodcast.com
Merch: https://docs-outside-the-box.creator-spring.com

This episode is edited by: Your Podcast Pal


This episode is sponsored by:

Provider Solutions & Development. Experts in holistic career coaching – check them out HERE
Twitter: @PSDConnects
Facebook: @PSDConnects
LinkedIN: Provider Solutions & Development

Set For Life Insurance. What the Darkos use for great disability insurance at a low cost!! Check them out at www.setforlifeinsurance.com

SEND US A TEXT MESSAGE!!! Let Drs. Nii & Renee know what you think about the show!

Nii and Renée hash out President Biden’s student loan debt relief program, how Tesla’s “full self-driving” has escalated to lawsuits and banned Youtube videos, as well as the impact of quiet quitting in the medical field.
 
Things to expect in this episode:

• A break-down of Biden’s three-part student debt relief plan 
• Is Biden’s student debt relief plan a temporary fix?
• Are some student loans more forgivable than others?
• Why some parents put their kids in front of Tesla cars to prove their safety
• Are doctors quiet quitting and what does that term really mean?

Resources:
Every medical resident should go to: https://studentaid.gov/debt-relief-announcement/
Tesla Full Self Driving running over child mannequins
NPR on Quiet Quitting

WE WANT TO HEAR FROM YOU!!!!
FILL OUT THE DOCS OUTSIDE THE BOX PODCAST SURVEY (in partnership w INCROWD)

INCROWD - MAKE EXTRA MONEY AS A RESIDENT OR ATTENDING - COMPLETE MEDICAL SURVEYS WITH INCROWD

WATCH THIS EPISODE ON YOUTUBE!

Join our community
Text word PODCAST to 833-230-2860

Twitter: @drniidarko
Instagram: @drniidarko
Email: [email protected]

Podcasting Course: www.docswhopodcast.com
Merch: https://docs-outside-the-box.creator-spring.com

This episode is edited by: Your Podcast Pal


This episode is sponsored by :

Set For Life Insurance. What the Darkos use for great disability insurance at a low cost!! Check them out at www.setforlifeinsurance.com

St. John Associates - Our expert consultants thoughtfully match physicians and employers nationwide. www.StJohnJobs.com/Docs 

SEND US A TEXT MESSAGE!!! Let Drs. Nii & Renee know what you think about the show!

Nii and Renée present Money Trap #6: Not investing enough or making risky investments. In this episode, they delve into topics like having the mindset of a long-term investor, peer-to-peer lending, reasons not to invest, what to invest in, and their personal approach to risky investments.
 
Things to expect in this episode:

• The biggest reasons why doctors feel burned out
• Understanding the market and investments other than stocks
• Why you should invest in index funds, plus a book recommendation
• Top two reasons why you should NOT invest  
• A safer approach to risky investments, including Crypto and whole life insurance

Book: The Simple Path to Wealth: Your road map to financial independence and a rich, free life

NY Income Tax Calculator:
https://www.forbes.com/advisor/income-tax-calculator/new-york/350000/?filing=married&deductions=0&k401=0&ira=0&dependents=2


WE WANT TO HEAR FROM YOU!!!!
FILL OUT THE DOCS OUTSIDE THE BOX PODCAST SURVEY (in partnership w INCROWD)

INCROWD
MAKE EXTRA MONEY AS A RESIDENT OR ATTENDING - COMPLETE MEDICAL SURVEYS WITH INCROWD

WATCH THIS EPISODE ON YOUTUBE!
 
Join our community
Text word PODCAST to 833-230-2860

Twitter: @drniidarko
Instagram: @drniidarko
Email: [email protected]

Podcasting Course: www.docswhopodcast.com
Merch: https://docs-outside-the-box.creator-spring.com

This episode is edited by: Your Podcast Pal


This episode is sponsored by

St. John Associates - Our expert consultants thoughtfully match physicians and employers nationwide. www.StJohnJobs.com/Docs 

SEND US A TEXT MESSAGE!!! Let Drs. Nii & Renee know what you think about the show!

Nii and Renée return from their Disney vacation to discuss Money Trap #5. This conversation is about what physicians, at every level, should be spending their money on. They also discuss the perceived notion that all doctors are millionaires and the reality and implications of overspending.
 
Things to expect in this episode:

• Nii and Renée talk about their hella expensive Disney vacation
• The perception that all doctors are millionaires
• Overspending and the lifestyle creep
• Medscape’s survey on how physician compensation changed in 2021
• Why the biggest flex in life is the ability to say ‘No’

Check out St. John Associates to help you find your next job AND reach your lifestyle goals. www.StJohnJobs.com/Docs

WE WANT TO HEAR FROM YOU!!!!
FILL OUT THE DOCS OUTSIDE THE BOX PODCAST SURVEY (in partnership w INCROWD)

INCROWD MAKE EXTRA MONEY AS A RESIDENT OR ATTENDING - COMPLETE MEDICAL SURVEYS WITH INCROWD

WATCH THIS EPISODE ON YOUTUBE!
 
Join our community
Text word PODCAST to 833-230-2860

Twitter: @drniidarko
Instagram: @drniidarko
Email: [email protected]

Podcasting Course: www.docswhopodcast.com
Merch: https://docs-outside-the-box.creator-spring.com

This episode is edited by: Your Podcast Pal

SEND US A TEXT MESSAGE!!! Let Drs. Nii & Renee know what you think about the show!

Nii brings talks to Dr. Rachael Consoli, an OB/GYN who presently is working in a United States military hospital in South Korea and has the unique distinction of having delivered babies on nearly every continent in the world. Listen in as Nii asks Rachael why she chose to follow this less-than-traveled path in medicine.
 
Things to expect in this episode:

• Dr. Rachael’s journey from EM residency to OB/GYN
• The challenges and rewards of humanitarian and locums work
• Traveling the world and immersing oneself in the local culture
• Saving for retirement and vetting humanitarian organizations
• Her experience serving the people of Utqiagvik, Alaska, the most northern city in the world

WE WANT TO HEAR FROM YOU!!!!
FILL OUT THE DOCS OUTSIDE THE BOX PODCAST SURVEY (in partnership w INCROWD)

INCROWD
MAKE EXTRA MONEY AS A RESIDENT OR ATTENDING - COMPLETE MEDICAL SURVEYS WITH INCROWD

WATCH THIS EPISODE ON YOUTUBE!

Join our community
Text word PODCAST to 833-230-2860

Twitter: @drniidarko
Instagram: @drniidarko
Email: [email protected]

Podcasting Course: www.docswhopodcast.com
Merch: https://docs-outside-the-box.creator-spring.com

This episode is edited by: Your Podcast Pal


This episode is sponsored by:

Locumstory. Learn how locum tenens helps doctors make more and have the lifestyle they deserve!. Check them out HERE!

SEND US A TEXT MESSAGE!!! Let Drs. Nii & Renee know what you think about the show!

We're continuining the Tax Series  with Eric McGlothen - CPA and CEO of Eric McGlothen, LLC. In this episode we're talking about how to best save for retirement through your 9-5 employer’s 401k plan AND/or your own business’s retirement accounts. Eric lays out how your business' 401k plan reduces your taxable income. 
 
Things to expect in this episode:

• Designing your solo 401k plan and the beauty of being an entrepreneur
• The benefits of starting a payroll for your businesss
• The tax efficient way to set up your retirement

Guest Contact Information:

• Website: https://www.emac-cpa.com/
• Email: [email protected]
• Twitter: @emaccpa
• Facebook: https://www.facebook.com/people/Eric-McGlothen-LLC-CPA/100063691114849/
• Phone: (404) 946-1855
• Youtube Show: Level Up with Eric McGlothen

WE WANT TO HEAR FROM YOU!!!!  FILL OUT THE DOCS OUTSIDE THE BOX PODCAST SURVEY (in partnership w INCROWD)

INCROWD
MAKE EXTRA MONEY AS A RESIDENT OR ATTENDING - COMPLETE MEDICAL SURVEYS WITH INCROWD

WATCH THIS EPISODE ON YOUTUBE!


Join our community
Text word PODCAST to 833-230-2860

Twitter: @drniidarko
Instagram: @drniidarko
Email: [email protected]

Podcasting Course: www.docswhopodcast.com
Merch: https://docs-outside-the-box.creator-spring.com

This episode is edited by: Your Podcast Pal


This episode is sponsored by:

Provider Solutions & Development. Experts in holistic career coaching – check them out HERE
Twitter: @PSDConnects
Facebook: @PSDConnects
LinkedIN: Provider Solutions & Development

Set For Life Insurance. What the Darkos use for great disability insurance at a low cost!! Check them out at www.setforlifeinsurance.com

SEND US A TEXT MESSAGE!!! Let Drs. Nii & Renee know what you think about the show!

Dr. Nii returns with Eric McGlothen with Tax Series #2: How to Vet a Great CPA in this Docs Outside the Box special tax series. Eric is a CPA and CEO of Eric McGlothen, LLC. In this episode, Nii and Eric discuss how to find and build a relationship with a CPA, the obligations that both the client and the CPA must meet, and the reasonable expectations that must be met.

Things to expect in this episode:

• Referrals, plus discerning whether a potential CPA is reactive or proactive 
• The importance for clients to provide their CPA with as much information as possible 
• CPAs and tax planning

Guest Contact Information:

• Website: https://www.emac-cpa.com/
• Email: [email protected]
• Twitter: @emaccpa
• Facebook: https://www.facebook.com/people/Eric-McGlothen-LLC-CPA/100063691114849/
• Phone: (404) 946-1855
• Youtube Show: Level Up with Eric McGlothen

WE WANT TO HEAR FROM YOU!!!!
FILL OUT THE DOCS OUTSIDE THE BOX PODCAST SURVEY (in partnership w INCROWD)

INCROWD
MAKE EXTRA MONEY AS A RESIDENT OR ATTENDING - COMPLETE MEDICAL SURVEYS WITH INCROWD


WATCH THIS EPISODE ON YOUTUBE!


Join our community
Text word PODCAST to 833-230-2860

Twitter: @drniidarko
Instagram: @drniidarko
Email: [email protected]

Podcasting Course: www.docswhopodcast.com
Merch: https://docs-outside-the-box.creator-spring.com

This episode is edited by: Your Podcast Pal


This episode is sponsored by:

Locumstory. Learn how locum tenens helps doctors make more and have the lifestyle they deserve! Check them out HERE!

Set For Life Insurance. What the Darkos use for great disability insurance at a low cost!! Check them out at www.setforlifeinsurance.com

SEND US A TEXT MESSAGE!!! Let Drs. Nii & Renee know what you think about the show!

Nii is joined by Eric McGlothen, CPA and CEO of Eric McGlothen, LLC, to kick off a special tax series for doctors looking to save on taxes and build wealth. Eric brings over 20 years of experience to a conversation focused on teaching physicians and other high-earning professionals how to give less of their money to the IRS and government. This show is for those going into side hustles, real estate, who are independent contractors or own their own private practice or business.

Things to expect in this episode:

• Eric McGlothan’s resume, plus when to talk to a CPA or a tax attorney
• Where the advantages and disadvantages are in the IRS tax code
• Corporate structure options to maximize tax benefits and asset protection

Guest Contact Information:

• Website: https://www.emac-cpa.com/
• Email: [email protected]
• Twitter: @emaccpa
• Facebook: https://www.facebook.com/people/Eric-McGlothen-LLC-CPA/100063691114849/
• Phone: (404) 946-1855
• Youtube Show: Level Up with Eric McGlothen

WE WANT TO HEAR FROM YOU!!!!
FILL OUT THE DOCS OUTSIDE THE BOX PODCAST SURVEY (in partnership w INCROWD)

INCROWD
MAKE EXTRA MONEY AS A RESIDENT OR ATTENDING - COMPLETE MEDICAL SURVEYS WITH INCROWD

WATCH THIS EPISODE ON YOUTUBE!
 
Join our community
Text word PODCAST to 833-230-2860

Twitter: @drniidarko
Instagram: @drniidarko
Email: [email protected]

Podcasting Course: www.docswhopodcast.com
Merch: https://docs-outside-the-box.creator-spring.com

This episode is edited by: Your Podcast Pal

This episode is sponsored by

Provider Solutions & Development. Experts in holistic career coaching – check them out HERE
Twitter: @PSDConnects
Facebook: @PSDConnects
LinkedIN: Provider Solutions & Development

SEND US A TEXT MESSAGE!!! Let Drs. Nii & Renee know what you think about the show!

Nii sits down with Dr. Ronnie Shalev, an Emergency Medicine doctor who exited her high-pressure job to pursue a career in real estate investment in order to gain the time and financial freedom she desired. In this discussion, Dr. Shalev shares her journey, her motivation, successes, and failures. She also gives advice to doctors who are where she was -  burned out, disillusioned, and looking for options outside of clinical medicine.

 Things to expect in this episode:

• Dr. Shalev’s journey from ER doc to real estate investor 
• What is a real estate syndication?
• House hacking, 401k, and other ways to get into investing
• Cash flowing assets and other investment opportunities
• How to choose investors you can trust

Guest Contact Information:
Website: Invest.shalwinproperties.com
Email: [email protected]
LinkedIn: www.linkedin.com/in/ronnieshalevmd


WE WANT TO HEAR FROM YOU!!!!
FILL OUT THE DOCS OUTSIDE THE BOX PODCAST SURVEY (in partnership w INCROWD)

INCROWD
MAKE EXTRA MONEY AS A RESIDENT OR ATTENDING - COMPLETE MEDICAL SURVEYS WITH INCROWD

WATCH THIS EPISODE ON YOUTUBE!
 
Join our community
Text word PODCAST to 833-230-2860
 
Twitter: @drniidarko
Instagram: @drniidarko
Email: [email protected]
 
Podcasting Course: www.docswhopodcast.com
Merch: https://docs-outside-the-box.creator-spring.com

This episode is edited by:Your Podcast Pal

This episode is sponsored by 

Provider Solutions & Development. Experts in holistic career coaching – check them out HERE

Twitter: @PSDConnects
Facebook: @PSDConnects
LinkedIN: Provider Solutions & Development