Love Lab MD with Dr. Kate Mangona

WHAT YOU WILL DISCOVER IN EPISODE 52

• What we look for in an offering
• Why do the people you invest with matter
• What does it mean to have aligned goals as an investor 
• Why location matters
• Why the structure matters (preferred rate of return, PRR)
• What is PRR and why is this good for passive investors
• How a K1 is helpful
• When Financial Advisors are helpful

TAKE HOME POINTS FROM The Mangonas

1. The people you invest with matter!
2. No one will care about your money more than you! 
3. There is always more to learn when it comes to your finances. This is the main reason Victor continues to teach in his 39.6 community!

WALK AWAY ASKING YOURSELF

• What are your motivations?
• Do I qualify for REPS? If I want to, how can I?
• Do I want to actively or passively invest or both?

FEATURED ON THIS SHOW

• Facebook Group: https://www.facebook.com/groups/39point6/
• MULTIFAMILY MASTERCLASS: Click here to enroll!
• Learn from the experts in the syndication industry: Click here!
  • Learn The framework of a real estate syndication
  • Become an expert in the terminology involved in real estate syndications
  • Our instructors have over $500,000,000 in multifamily assets under management
  • Join our private Facebook group only for our students and instructors
  • Online sessions with our instructors

For a free copy of The Medical Marriage Survival Guide: An Instruction Manual For Physicians in Love, download it here! 

If you spent less time arguing with your spouse, what would your life look like? → sign up to find out at https://www.medicinemarriageandmoney.com and click “I AM READY” for a free 45-minute discovery call! Let me coach you! I can show you what is possible.

For a free copy of The Medical Marriage Survival Guide: An Instruction Manual For Physicians In Love visit:

https://library.medicinemarriageandmoney.com/the-medical-marriage and I will send it to you!

If you spent less time arguing with your spouse, what would your life look like? → sign up to find out at https://www.medicinemarriageandmoney.com and click “I AM READY” for a free 45-minute discovery call! Let me coach you! I can show you what is possible.

WHAT YOU WILL DISCOVER IN THIS EPISODE

Real Estate:

• Process of obtaining a Mortgage (and mortgage rates) back in the day (the early 2000s)
• Why it was smarter to own than to rent 
• Was buying his first real estate property scary????
• Why his investment went from $60K to $13K in less than a year
• Why I (his wife) rented instead of owned during our 5-year residency
• How much money Victor spent updating his Condo
• What he did with the condo once graduating residency
• How much he cash flowed
• Why and how Victor sold his first rental property

TAKE HOME POINTS FROM Dr. Victor Mangona

1. What seems impossible to one person, is more than possible to another person. What is your impossible goal?  Say it out loud! Find someone else who does what you want to do and model after them! Figure out how others reach this said “impossible goal” and borrow their habits and thoughts to reach the goal. 
   1. Limiting belief: I need a lot of money to invest in real estate. Money is NOT the limiting factor. So what is??? YOUR MIND!
   2. Why money is NOT the limit factor: Time, resources, sweat equity, & networking are all variables that count.
2. There are a lot more financial possibilities than we give ourselves credit for.
   1. If you have 1, 5, or 10-year goals, it is okay for them to change and evolve as life continues and as you learn and grow! 
3. Flexibility and an open mind are key to being successful. 

WALK AWAY ASKING YOURSELF

• Is real estate scary or confusing? Why or why not?
• How could I comfortably house hack?
• How am I protecting my downside?
• What is stopping me from investing in my real estate investment?
• What type of real estate investment is most intriguing to me?
• How can I invest in myself?

FEATURED ON THIS SHOW

• Facebook Group: https://www.facebook.com/groups/39point6/

*This podcast is a member of the Doctor Podcast Network

SPONSOR: Deputy - doctorpodcastnetwork.com/deputy

For a free copy of The Medical Marriage Survival Guide: An Instruction Manual For Physicians In Love visit:

https://library.medicinemarriageandmoney.com/the-medical-marriage and I will send it to you!

If you spent less time arguing with your spouse, what would your life look like? → sign up to find out at https://www.medicinemarriageandmoney.com and click “I AM READY” for a free 45-minute discovery call! Let me coach you! I can show you what is possible.

WHAT YOU WILL DISCOVER IN THIS EPISODE

Real Estate:

• Process of obtaining a Mortgage (and mortgage rates) back in the day (the early 2000s)
• Why it was smarter to own than to rent 
• Was buying his first real estate property scary????
• Why his investment went from $60K to $13K in less than a year
• Why I (his wife) rented instead of owned during our 5-year residency
• How much money Victor spent updating his Condo
• What he did with the condo once graduating residency
• How much he cash flowed
• Why and how Victor sold his first rental property

TAKE HOME POINTS FROM Dr. Victor Mangona

1. What seems impossible to one person, is more than possible to another person. What is your impossible goal?  Say it out loud! Find someone else who does what you want to do and model after them! Figure out how others reach this said “impossible goal” and borrow their habits and thoughts to reach the goal. 
   1. Limiting belief: I need a lot of money to invest in real estate. Money is NOT the limiting factor. So what is??? YOUR MIND!
   2. Why money is NOT the limit factor: Time, resources, sweat equity, & networking are all variables that count.
2. There are a lot more financial possibilities than we give ourselves credit for.
   1. If you have 1, 5, or 10-year goals, it is okay for them to change and evolve as life continues and as you learn and grow! 
3. Flexibility and an open mind are key to being successful. 

WALK AWAY ASKING YOURSELF

• Is real estate scary or confusing? Why or why not?
• How could I comfortably house hack?
• How am I protecting my downside?
• What is stopping me from investing in my real estate investment?
• What type of real estate investment is most intriguing to me?
• How can I invest in myself?

FEATURED ON THIS SHOW

• Facebook Group: https://www.facebook.com/groups/39point6/

*This podcast is a member of the Doctor Podcast Network

SPONSOR: Deputy - doctorpodcastnetwork.com/deputy

I encourage you to reach out to me at [email protected] with any questions, concerns, or suggestions!

For a free copy of The Medical Marriage Survival Guide: An Instruction Manual For Physicians in Love E-book/Workbook?→ Visit https://library.medicinemarriageandmoney.com/the-medical-marriage and I will send it to you!

If you spent less time arguing with your spouse, what would your life look like? → sign up to find out at https://www.medicinemarriageandmoney.com and click “I AM READY” for a free 45-minute coaching consult! Let me coach you! I can show you what is possible.

WHAT YOU WILL DISCOVER IN THIS EPISODE

Medicine: 

• Why he did a 3-year residency after dental school
• Why Joel wanted additional streams of income even though his hospital job creates joy and fulfillment in his life
• Why Winnie left banking to become an ICU nurse 

Marriage: 

• Meeting at an Asian Jam
• Falling in love during their deep dating conversations
• Why they did 3 years of international long distance
• Why they had 3 marriage ceremonies

Money:

• Growing up in a family without financial literacy
• How being a teller and working in the bank changed her views on money
• The financial lessons Winnie learned from her immigrant parents

TAKE HOME POINTS FROM WINNIE AND JOEL NAPENAS

1. When you think something is impossible (like planning a wedding in ONE week), just VISUALIZE IT!!!! Same thing with investing in real estate!!!
2. There is not just one path to accomplish your dreams. You can have multiple passions and multiple things in your life which bring you fulfillment.
3. It is okay to take a step back and breathe while your spouse handles something. 
4. Believe in your spouse more than they believe in themselves. If you do this, the rewards will be endless. If you can’t do this, ask yourself why? Having a supportive spouse is one of the main things all of us ever want. To have support...be loved...be accepted by the most important person in our lives….It is MUCH easier to reciprocate this after one of you begins it, so it might as well be you... today!

WALK AWAY ASKING YOURSELF

• How can I start visualizing my impossible goals in my life on a daily basis?
• How can I encourage my spouse to do what makes them most happy?
• What is my money mindset?
• What is my investment mindset?
• Do I work hard for my money or do I allow my money to work hard for me?

FEATURED ON THIS SHOW

• 5DH Partners on Linked in: https://www.linkedin.com/company/5dh-partners/?fbclid=IwAR30E9w5BRMxCVjvbtIMvEBDCVZRiSdsN3j-u8JVnbOKBLlAHs3fBDYP3x0
• 5DH Partners - www.5dhpartners.com 
• Facebook: https://www.facebook.com/joel.j.napenas
• Linkedin: www.linkedin.com/in/joel-j-napenas 

*This podcast is a member of the Doctor Podcast Network

SPONSOR: Vive Funds (Veena Jetti) doctorpodcastnetwork.com/vivefunds

I encourage you to reach out to me at [email protected] with any questions, concerns, or suggestions!

For a free copy of The Medical Marriage Survival Guide: An Instruction Manual For Physicians in Love E-book/Workbook?→ Visit https://library.medicinemarriageandmoney.com/the-medical-marriage and I will send it to you!

If you spent less time arguing with your spouse, what would your life look like? → sign up to find out at https://www.medicinemarriageandmoney.com and click “I AM READY” for a free 45-minute coaching consult! Let me coach you! I can show you what is possible.

WHAT YOU WILL DISCOVER IN THIS EPISODE

Medicine: 

• Why he did a 3-year residency after dental school
• Why Joel wanted additional streams of income even though his hospital job creates joy and fulfillment in his life
• Why Winnie left banking to become an ICU nurse 

Marriage: 

• Meeting at an Asian Jam
• Falling in love during their deep dating conversations
• Why they did 3 years of international long distance
• Why they had 3 marriage ceremonies

Money:

• Growing up in a family without financial literacy
• How being a teller and working in the bank changed her views on money
• The financial lessons Winnie learned from her immigrant parents

TAKE HOME POINTS FROM WINNIE AND JOEL NAPENAS

1. When you think something is impossible (like planning a wedding in ONE week), just VISUALIZE IT!!!! Same thing with investing in real estate!!!
2. There is not just one path to accomplish your dreams. You can have multiple passions and multiple things in your life which bring you fulfillment.
3. It is okay to take a step back and breathe while your spouse handles something. 
4. Believe in your spouse more than they believe in themselves. If you do this, the rewards will be endless. If you can’t do this, ask yourself why? Having a supportive spouse is one of the main things all of us ever want. To have support...be loved...be accepted by the most important person in our lives….It is MUCH easier to reciprocate this after one of you begins it, so it might as well be you... today!

WALK AWAY ASKING YOURSELF

• How can I start visualizing my impossible goals in my life on a daily basis?
• How can I encourage my spouse to do what makes them most happy?
• What is my money mindset?
• What is my investment mindset?
• Do I work hard for my money or do I allow my money to work hard for me?

FEATURED ON THIS SHOW

• 5DH Partners on Linked in: https://www.linkedin.com/company/5dh-partners/?fbclid=IwAR30E9w5BRMxCVjvbtIMvEBDCVZRiSdsN3j-u8JVnbOKBLlAHs3fBDYP3x0
• 5DH Partners - www.5dhpartners.com 
• Facebook: https://www.facebook.com/joel.j.napenas
• Linkedin: www.linkedin.com/in/joel-j-napenas 

*This podcast is a member of the Doctor Podcast Network

SPONSOR: Vive Funds (Veena Jetti) doctorpodcastnetwork.com/vivefunds

I encourage you to reach out to me at [email protected] with any questions, concerns, or suggestions!

For a free copy of The Medical Marriage Survival Guide: An Instruction Manual For Physicians in Love E-book/Workbook?→ Visit  https://library.medicinemarriageandmoney.com/the-medical-marriage

If you spent less time arguing with your spouse, what would your life look like? → sign up to find out at https://www.medicinemarriageandmoney.com and click “I AM READY” for a free 60-minute coaching consult! Let me coach you! I can show you what is possible.

WHAT YOU WILL DISCOVER IN THIS EPISODE

Medicine: 

• Meeting the first week of TY year at orientation
• Splitting the difference 85 miles apart

Marriage: 

• The proposal in Venice with an upgrade to the Royal Suite
• • Put the biggest ring he could afford on a CC
  • Sutured it into the money belt
• “If you want to leave me, you can”
• This is not the man you married. You have a free pass to leave
• How trauma made them stronger
• Where do you want to see yourself in 3 or 5 years

Money:

• How they switched roles financially, (Scrooge)
• How shattering his acetabulum changed his life
• 14 days in inpt rehab
• What he visualized during rehab
• Both nurses named Angels 
• Epiphanny during snowboarding to get disability insurance
• Why to buy a home based off one physician's income
• Why he regrets selling a property 
• How they Changed their investment strategy
• Why they invested in a pool and backyard
• Why they borrowed money from backyard fund to invest in a short term rental property
• How Bakersfield property was a learning experience (super bad)

TAKE HOME POINTS FROM DRS.  IAN COOK & LAUREN IHDE

1. Visualize your success. Not just the success of today or next month….but your success 3 years from now! 
   1. WE don’t buy insurance because we know or want bad things to happen. You get insurance for when the unexpected happens! You get insurance so your family does not have to suffer by a split second decision you could make at any time. 
2. Get good insurance!
3. Turn bad experiences into learning opportunities.

WALK AWAY ASKING YOURSELF

• How can I spend a little bit more time on my marriage this week?
• When can I take my next weekend getaway?
• What is my investment strategy and does it align with my life goals?
• How can I turn my financial failures into learning experiences?

FEATURED ON THIS SHOW

• Website: www.carpediemmd.com
• Facebook: Carpe Diem MD
• Facebook Group:  The Carpe Diem MD Short-Term Rental Group
• Instagram: @thecarpediemmd
• Twitter: @thecarpediemmd

*This podcast is a member of the Doctor Podcast Network

I encourage you to reach out to me at [email protected] with any questions, concerns, or suggestions!

For a free copy of The Medical Marriage Survival Guide: An Instruction Manual For Physicians in Love E-book/Workbook?→ Visit  https://library.medicinemarriageandmoney.com/the-medical-marriage

If you spent less time arguing with your spouse, what would your life look like? → sign up to find out at https://www.medicinemarriageandmoney.com and click “I AM READY” for a free 60-minute coaching consult! Let me coach you! I can show you what is possible.

WHAT YOU WILL DISCOVER IN THIS EPISODE

Medicine: 

• Meeting the first week of TY year at orientation
• Splitting the difference 85 miles apart

Marriage: 

• The proposal in Venice with an upgrade to the Royal Suite
• • Put the biggest ring he could afford on a CC
  • Sutured it into the money belt
• “If you want to leave me, you can”
• This is not the man you married. You have a free pass to leave
• How trauma made them stronger
• Where do you want to see yourself in 3 or 5 years

Money:

• How they switched roles financially, (Scrooge)
• How shattering his acetabulum changed his life
• 14 days in inpt rehab
• What he visualized during rehab
• Both nurses named Angels 
• Epiphanny during snowboarding to get disability insurance
• Why to buy a home based off one physician's income
• Why he regrets selling a property 
• How they Changed their investment strategy
• Why they invested in a pool and backyard
• Why they borrowed money from backyard fund to invest in a short term rental property
• How Bakersfield property was a learning experience (super bad)

TAKE HOME POINTS FROM DRS.  IAN COOK & LAUREN IHDE

1. Visualize your success. Not just the success of today or next month….but your success 3 years from now! 
   1. WE don’t buy insurance because we know or want bad things to happen. You get insurance for when the unexpected happens! You get insurance so your family does not have to suffer by a split second decision you could make at any time. 
2. Get good insurance!
3. Turn bad experiences into learning opportunities.

WALK AWAY ASKING YOURSELF

• How can I spend a little bit more time on my marriage this week?
• When can I take my next weekend getaway?
• What is my investment strategy and does it align with my life goals?
• How can I turn my financial failures into learning experiences?

FEATURED ON THIS SHOW

• Website: www.carpediemmd.com
• Facebook: Carpe Diem MD
• Facebook Group:  The Carpe Diem MD Short-Term Rental Group
• Instagram: @thecarpediemmd
• Twitter: @thecarpediemmd

*This podcast is a member of the Doctor Podcast Network

I encourage you to reach out to me at [email protected] with any questions, concerns, or suggestions!

For a free copy of The Medical Marriage Survival Guide: An Instruction Manual For Physicians in Love E-book/Workbook?→ Visit https://library.medicinemarriageandmoney.com/the-medical-marriage  and I will send it to you!

If you spent less time arguing with your spouse, what would your life look like? → sign up to find out at https://www.medicinemarriageandmoney.com and click “I AM READY” for a free 60-minute coaching consult! Let me coach you! I can show you what is possible.

WHAT YOU WILL DISCOVER IN THIS EPISODE

Medicine: 

• The inappropriate conversation and Falling in love with her hairdresser
• Why she calls her hubby her human Xanax

Marriage: 

• The firecracker and the volcano (fizzles out and destruction)
• Learning to take ownership over my experiences instead of controlling his

Money:

• Why asking for money is not greedy
• How feeling undervalued affects how we practice medicine

Negotiation:

• What is conversational intelligence
• What is negotiation
• How to create positive reactions with words
• How to create a higher trust, co-creative placed
• The addiction of being right

TAKE HOME POINTS FROM Dr. Linda Street

1. Negotiation does not have a winner and a loser, especially in marriage. This is a discussion where we WANT to agree. Why would we want our spouses to feel they could not trust us or not share their ideas? 
2. Language selection is SO IMPORTANT  in our conversations- appreciative over judgemental. I really want to understand...how can we parent in a way that we are both happy with instead of “Why did you…..” judgey to defensive mode, We both want to parent our children so they don’t end up in prison. Culturally we have been conditioned to be right...an addiction to be right!
3. Negotiating with our patients...What are their concerns? Why won’t they take the medication or follow our advice??? We have the same goals right? HEALTH!!! Stay curious!

WALK AWAY ASKING YOURSELF

• Who is my human Xanax?
• Am I addicted to being right?
• How can I approach my next conversation with language that creates a higher trust?
• How can I foster conversational intelligence amongst my children, spouse, and co-workers? 

FEATURED ON THIS SHOW

• Website: www.simplystreetmd.com, 
• Podcast: https://podcasts.apple.com/us/podcast/simply-worth-it-physician-negotiations/id1548597809
• Facebook: Www.facebook.com/groups/negotiather

*This podcast is a member of the Doctor Podcast Network

I encourage you to reach out to me at [email protected] with any questions, concerns, or suggestions!

For a free copy of The Medical Marriage Survival Guide: An Instruction Manual For Physicians in Love E-book/Workbook?→ Visit https://library.medicinemarriageandmoney.com/the-medical-marriage  and I will send it to you!

If you spent less time arguing with your spouse, what would your life look like? → sign up to find out at https://www.medicinemarriageandmoney.com and click “I AM READY” for a free 60-minute coaching consult! Let me coach you! I can show you what is possible.

WHAT YOU WILL DISCOVER IN THIS EPISODE

Medicine: 

• The inappropriate conversation and Falling in love with her hairdresser
• Why she calls her hubby her human Xanax

Marriage: 

• The firecracker and the volcano (fizzles out and destruction)
• Learning to take ownership over my experiences instead of controlling his

Money:

• Why asking for money is not greedy
• How feeling undervalued affects how we practice medicine

Negotiation:

• What is conversational intelligence
• What is negotiation
• How to create positive reactions with words
• How to create a higher trust, co-creative placed
• The addiction of being right

TAKE HOME POINTS FROM Dr. Linda Street

1. Negotiation does not have a winner and a loser, especially in marriage. This is a discussion where we WANT to agree. Why would we want our spouses to feel they could not trust us or not share their ideas? 
2. Language selection is SO IMPORTANT  in our conversations- appreciative over judgemental. I really want to understand...how can we parent in a way that we are both happy with instead of “Why did you…..” judgey to defensive mode, We both want to parent our children so they don’t end up in prison. Culturally we have been conditioned to be right...an addiction to be right!
3. Negotiating with our patients...What are their concerns? Why won’t they take the medication or follow our advice??? We have the same goals right? HEALTH!!! Stay curious!

WALK AWAY ASKING YOURSELF

• Who is my human Xanax?
• Am I addicted to being right?
• How can I approach my next conversation with language that creates a higher trust?
• How can I foster conversational intelligence amongst my children, spouse, and co-workers? 

FEATURED ON THIS SHOW

• Website: www.simplystreetmd.com, 
• Podcast: https://podcasts.apple.com/us/podcast/simply-worth-it-physician-negotiations/id1548597809
• Facebook: Www.facebook.com/groups/negotiather

*This podcast is a member of the Doctor Podcast Network

Welcome to the First Medicine, Marriage, and Money Summer Showcase where we are spotlighting the other amazing doctor podcasts that are out there. This episode is from the Doctor Me First podcast with Dr. Errin Weisman.

For a free copy of The Medical Marriage Survival Guide: An Instruction Manual For Physicians in Love E-book/Workbook → Visit https://library.medicinemarriageandmoney.com/the-medical-marriage

Sponsor: Advice Media 

It’s time! We’ve finally gotten to sit back down and have an Alpha Female discussion. Spring is in the air and with it will come extremely LONG days for Craig so we knew we had to get it in. Listen as he shares what’s going on down on the farm and we chat about our family updates.  Corn is up in prices and we’ve been preparing the fields and the equipment to get the highest yield. Craig shares what that looks like as we try to record in a house full of needy kids! He’s also taken up day trading and watching a ton of financial shows. His interest has been piqued and he’s been reading and learning and watching which is why he hasn’t actually done much investing yet. But it’s fun to hear him talk about it.  The first thing Craig doesn’t know… I want to get rid of these kittens. There’s definitely more but after my Grandma passed away we split up her cats and the older cats are just so much more manageable. Also, I’m getting my ears pierced again! Craig and I have so much fun doing these episodes and giving you a peek into our lives and our family. We hope you enjoy it today!

“When you are married to an alpha female, remember the mantra, it’s no big deal.” Errin and Craig Weisman

In this episode: [04:19] Let's start by listening to what's happening down on the farm with Craig. [07:00] Craig shares his interest in day trading. [09:33] Let’s talk about things Craig doesn’t know. [13:02] Craig’s thoughts on all the things he doesn’t know. [14:33] Are you ready for our family update? [18:41] His thoughts on the “married to an alpha female” segment. [20:50] “It’s no big deal.” [23:59] Thank you for listening!

Links and Resources

Find Craig: Craig on Twitter: @highbanksfarmer

2 WAYS TO GET INCREDIBLE HELP AT LOW-COST!!! 1. Buy my Kindle Book, Doctor Me First, on Amazon 2. Join us for our Monthly Burnout Masterclass Series.