Docs Outside The Box

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My next guest is Dave Denniston who is a Chartered Financial Analyst that works with physicians. He also is a fellow podcaster and hosts the Freedom Formula for Physicians Podcast. I am definitely a fan of the podcast and this is due to his knowledge, consistency, and genuineness. The show covers a wide range of relevant topics to docs including student loan debt, burnout, and reducing tax burden.

I brought him on the show to talk about how the Docs Outside the Box Nation can learn to manage taxes more efficiently. Don’t dismiss this podcast – you’ll going to learn a lot from this interview. This is a very important subject especially if you plan on living outside the box, which is quite different than a W2 situation.

Dave is also an author of four books that you can find on Amazon.com right now:

• Freedom Formula for Physicians: A prescription for First-Class Financial Health For Doctors
• Insurance Guide for Doctors
• 5 Steps to Get Out of Debt for Physicians Workbook
• 17 Myths Uncovered About Financial Freedom for Doctors: It’s Not What You Make, It’s What You Keep

Things you’ll learn in this episode:

• Dave shares his touching personal story as to why he works with doctors
• Compare and contrast W2 vs 1099
• Is there a risk to being an independent contract and the public service loan forgiveness program
• What’s the difference between a LLC and a S corporation
• How tax deductions help business owners
• Common tax deductions that he sees physicians miss all the time

 

Disclaimer: ***Please see your Tax CPA before taking this advice***

 

Links talked about during the show:

7 Financial Lessons from The Doc Outside the Box

https://empireflippers.com/podcasts/

http://webequityshow.com/

https://itunes.apple.com/us/podcast/empire-podcast-buying-selling-websites-investing-in/id476852137?mt=2

https://itunes.apple.com/us/podcast/web-equity-show-justin-cooke/id1022624233?mt=2

 

If you enjoy the show please be sure to review this podcast episode on Apple Podcasts – I would so appreciate it….plus I read all the reviews on the show!

Please subscribe for future great episodes!!!

Apple Podcasts| GooglePlayMusic | Stitcher

My next guest is Dave Denniston who is a Chartered Financial Analyst that works with physicians. He also is a fellow podcaster and hosts the Freedom Formula for Physicians Podcast. I am definitely a fan of the podcast and this is due to his knowledge, consistency, and genuineness. The show [...]

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

Most studies say expect the stock market to crash about every eight years. Basically its 2017 and we’re overdue for one. Having a diversified market portfolio can help defray the risk, but if a crash like 2008 occurs again, how can you protect yourself better?

My next guest believes he has a better way to invest and handle risk. Dr. Kenyon Meadows is on the show to talk about investing in alternative assets and his book Alternative Financial Medicine – High Yield Investing in a Low Yield World. Alternative assets are assets that are not considered the traditional types like stocks and bonds. Dr. Meadows believes these assets not only can help to diversify portfolios, but also produce a pretty good yield even when traditional assets are tanking.

Kenyon originally hails from Youngstown, Ohio. He completed his undergraduate and medical school degrees at Case Western Reserve University. Afterwards, he completed his Radiation Oncology training at the University of Florida. Dr. Meadows currently practices full-time in southeast Georgia. He has been featured in numerous media outlets including: MSN Money, Alternative Investment Coach, and the Bigger Pockets Podcast.

Things to pick up in this episode:

What are alternative assets

His top 2 tips for success on online crowd-funding sites

We talk about what is peer to peer lending

How he handled large student debt and investing

How he answers #imnotjustadoc

 

To learn more about Dr. Kenyon Meadows be sure to check him out at:

http://alternativefinancialmedicine.com/

Check out The White Coat Investor’s review of Dr. Meadows’ book: http://bit.ly/2wNy72v

If you enjoy the show please be sure to review this podcast episode on Apple Podcasts – I would so appreciate it….plus I read all the reviews on the show!

Please subscribe for future great episodes!!!

Apple Podcasts| GooglePlayMusic | Stitcher

Check out our sponsor Set for Life Insurance: www.setforlifeinsurance.com

 

Disclaimer:

Be aware that nobody involved in the production of the podcast is a licensed financial advisor, registered broker, dealer or is in any other way qualified to give financial advice. Information provided in any form, be it by the host or any of the guests on the show or any other published material associated with this site is of a general nature and is designed to provide generic information and entertainment only. It is in no way tailored to any listener’s or reader’s particular individual situation.

The post 032 – Dr. Kenyon Meadows thinks outside the box on his finances. appeared first on DOCS OUTSIDE THE BOX.

Most studies say expect the stock market to crash about every eight years. Basically its 2017 and we’re overdue for one. Having a diversified market portfolio can help defray the risk, but if a crash like 2008 occurs again, how can you protect yourself better? My next guest believes he [...]

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

Imagine if the same amount of research and development that goes into creating the newest iPhone went into fixing electronic medical records. I would definitely be all for that. Although not the entire EMR, my next guest, has made it his passion to create a solution for one of the most critical aspects of patient care in the hospital: the sign-out process. Frustrated that there was more technology in his iPhone compared to the process of handing off vital information about patients, Gautam created Medisas – an electronic version of the sign-out process/sheet that you can access across multiple platforms including your smartphone.

We get to learn about Dr. Sivakumar’s company as well as the spark in 2011 that led him to leave his surgery residency and start programming Medisas in his childhood bedroom. He had the option to either sink or swim, and swim he has – six years later Medisas is now in some of the largest hospitals in the US.

Dr. Sivakumar grew up in London and attended the famous Newcastle University Medical School.

Things to pick up in this episode:

• The transferrable skills between being a doctor and running a company
• What’s it like pitching an idea to venture capitalists
• The fears he had starting the company and contrasting that with regret of not taking his shot
• What lifehacks he uses to be more productive
• How he answers #imnotjustadoc

To learn more about Dr. Gautam Sivakumar check out: http://on.inc.com/2wmZkhd

To learn more about Medisas check out: https://www.medisas.com/

 

If you enjoy the show please be sure to review this podcast episode on Apple Podcasts – I would so appreciate it….plus I read all the reviews on the show!

Please subscribe for future great episodes!!!

Apple Podcasts | GooglePlayMusic | Stitcher

Check out our sponsor Set for Life Insurance: www.setforlifeinsurance.com

The post 031 – Dr. Sivakumar’s prescription for the tedious sign-out process appeared first on DOCS OUTSIDE THE BOX.

Imagine if the same amount of research and development that goes into creating the newest iPhone went into fixing electronic medical records. I would definitely be all for that. Although not the entire EMR, my next guest, has made it his passion to create a solution for one of the [...]

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

This night-owl doc spends his days creating fantasy worlds for his books in the genre of LitRPG. LitRPG is the combination of science fiction writing with role playing video games. This genre has quickly amassed a huge following that spans all over the world.

On this episode, Dr. Aleron Kong takes us on his journey from being just a fan of of LitRPG to earning the moniker “Father of LitRPG.” In a short period of time, Dr. Kong has authored 6 books in his series Chaos Seeds Saga. He’s doing this all while keeping busy as a nocturnist (internal medicine) in Atlanta, Georgia! This episode absolutely threw me for a loop – role playing games (a.k.a RPG) and science fiction is definitely not my forte.

Aleron touts that me may be the only person to have stayed within the Morehouse system for all phases of his education and career. He attended Morehouse College for undergraduate studies, then obtained his medical degree from Morehouse School of Medicine. Afterwards, he completed his internal medicine training with Morehouse at the famous Grady Memorial Hospital. We’ll just trust him on this one.

Side note: While I was a general surgery resident at Morehouse, I worked with Aleron when he was a medical student and resident.

Things to pick up in this episode

• Why he decided to write his own books.
• Check out his quick and easy ways to publish on Amazon
• How he is able to balance life as a nocturnist with being an Amazon Bestselling author
• His views on contrasting life as a physician with being a content creator
• How he answers #imnotjustadoc

To learn more about Dr. Aleron Kong check out: https://www.facebook.com/pg/LitRPGbooks/about/?ref=page_internal

If you enjoy the show please be sure to review this podcast episode on Apple Podcasts – I would so appreciate it….plus I read all the reviews on the show!

Please subscribe for future great episodes!!!

Apple Podcasts | GooglePlayMusic | Stitcher

Check out our sponsor Set for Life Insurance: www.setforlifeinsurance.com

 

The post 030 – Dr. Aleron Kong creates fantasy worlds in LitRPG appeared first on DOCS OUTSIDE THE BOX.

This night-owl doc spends his days creating fantasy worlds for his books in the genre of LitRPG. LitRPG is the combination of science fiction writing with role playing video games. This genre has quickly amassed a huge following that spans all over the world. On this episode, Dr. Aleron Kong [...]

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

Network marketing is a popular side-hustle among people who are not medical professionals. For various reasons, doctors have been slow to pick up this form of business. On this episode, we get to explore the ins and outs of network marketing with Vicki Chan, MD.

Besides being an amazing ophthalmologist, she currently runs a network marketing business with skin-care company Rodan+Fields. What first started off as turning her nose to the idea of network marketing, has now turned to a lucrative hustle that she now embraces. We get real in this conversation! She gives us a first-hand account into her self-imposed pressures of going part-time as an ophthalmologist, as well as the feedback she’s received from her colleagues on network marketing. 

Dr. Chan obtained her undergraduate degree from the University of Southern California, then went across the county and completed her medical school training at Johns Hopkins Medical School. While in medical school she met Dr. Peter Kim – you know, from Episode 13 (An Anesthesiologist taking the pain away from the home buying experience) and the rest is history. She then obtained her ophthalmology training at UCLA.

Learn more about Dr. Chan’s Rodan+Fields business (https://drchankim.myrandf.biz/) or contact her via email: [email protected]

Things to pick up in this episode:

• What is network/direct marketing
• How her husband’s skin care issues led her to network marketing
• Why network marketing has allowed her to love the practice of medicine even more
• The typical day of a successful network marketer
• How she answers #imnotjustadoc

If you enjoy the show please be sure to review this podcast episode on Apple Podcasts – I would so appreciate it….plus I read all the reviews on the show!

Please subscribe for future great episodes!!!

Apple Podcasts | GooglePlayMusic | Stitcher

Check out our sponsor Set for Life Insurance: www.setforlifeinsurance.com

 

The post 029 – Dr. Vicki Chan focuses on building a business empire appeared first on DOCS OUTSIDE THE BOX.

Network marketing is a popular side-hustle among people who are not medical professionals. For various reasons, doctors have been slow to pick up this form of business. On this episode, we get to explore the ins and outs of network marketing with Vicki Chan, MD. Besides being an amazing ophthalmologist, she currently [...]