Welcome to Tax Reduction & Freedom Month and my latest episode on The Freedom Formula for Physicians Podcast.
This month we are talking a lot about taxes and what physicians can do to both growth their practices and tackle tough tax issues.
Of course before you have any major tax issues, you need to be making a lot of dough!That’s why I thought I’d bring a special guest to the podcast, Mark Foreman, CPA.
Mark is one of our CPA partners with Foreman & Airhart. He has specialized in small businesses- particularly white coats like doctors and dentists.
In this podcast, it is revealed how to:
- Learn 3 Awesome Financial & Marketing Tools That Both Mark & Dave Utilize In Their Businesses
- Discover How To Focus On Your Ideal Patient & Create Their Avatar
-Discover The Problem Mark Had With A Recent Client's Partnership Capital Account
- How Mark Would Analyze & Interview Potential Members of Your Board of Directors (Plus: The Resource You Need To Know To Do A Background Check Of Your CPA!)
For all the show notes, transcription and more, check out the podcast website at www.doctorfreedsompodcast.com

S1, Episode 12-Mark Forman CPA- Learn How to Grow a Thriving Practice

Helping Physicians Slash Their Debt, Slash Their Taxes, and Live a Liberated Lifestyle

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Welcome back my friends to the latest episode of Freedom Formula for Physicians' Podcast.  I'm honored to have a guest on here with us today that has tons of experience in podcasting. With over 6 million downloads of his podcast and an accomplished career in the financial world, he is now enjoying life, traveling the world, and helping people with financial issues and questions. Please help me welcome David Stein of Money for Rest of Us.  

In this podcast episode you will:  
Be motivated to not just settle with getting by
Learn how to think "forward" as our economy is always changing
Hear David's story of starting with nothing and moving to prosperity based on moving his thoughts to actions and taking necessary risks
Discover David's formula for how his podcast is growing-it involves investing in his listeners and giving away resources for FREE
Learn what some of the biggest financial pitfalls can be
Be motivated to develop a lifestyle business after retiring, especially if you retire early 
Resources mentioned in this episode:
Money For The Rest of Us Podcast 

If you have questions or want to share your story, I'd love to hear from you. Contact me at dave@doctorfreedompodcast.com or on my websitewww.doctorfreedompodcast.com.
If you are confused about this tax stuff and you want the latest copy of the Tax Reduction Prescription and that calculator I was talking about in January, there's no better time to grab that than right now! Text LESSTAXES to 44222.
Remember, make sure to slash your debt, slash your taxes, and live a liberated lifestyle.
 
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Investment advice is only offered in jurisdictions where Centurion Financial Strategies, LLC (“Centurion”) is appropriately registered or exempt from registration. Our Form ADV Part 2 brochure can be obtained free of charge at https://adviserinfo.sec.gov by searching for our firm by name or its unique CRD number (316454). This podcast is not a solicitation to provide advisory services in any jurisdiction in which we are not appropriately registered or excluded from registration.
The information, statements, and opinions contained in this podcast have been obtained from or are based upon information obtained from sources which we believe to be reliable, but we do not warrant or guarantee the timeliness or accuracy of any such information. This podcast is intended for informational purposes only and should not be construed as personalized investment, tax, or legal advice. Opinions expressed by any guest are their own opinions and do not necessarily reflect the firm’s views. You should carefully consider your unique financial circumstances and needs prior to making any investment in securities or purchasing any insurance products. Past performance is not indicative of future results. Investing in securities involves the risk of loss.
Insurance products are backed by the financial strength and claims-paying ability of the issuing insurance company and may be subject to restrictions, limitations, and early withdrawal fees which vary by issuer. You should consider the charges, risks, expenses, and investment objectives of any insurance products before entering a contract.

[REPLAY] S4 Episode 12-”Taking Wise and Necessary Risks”-Enjoying Life with David Stein from Money for the Rest of Us

Hello my friends, welcome back to another episode of Freedom Formula for Physician's Podcast, the podcast dedicated to helping doctors like you slash your debt, slash your taxes, and live a liberated lifestyle.  
I am excited for the start of the year here, as we are well on our way into 2018.  I would like to ask a favor-could you take 5 minutes or less to rate and review the podcast on iTunes?   I'd like to give some listener love to a few people who have recently received the podcast:
Todd, KS (paraphrased)-I came across this podcast in early 2017, and it has been a wonderful addition to my morning routine and commute.  Dave has great guests on and gets right to their personal stories. These stories include financial struggles and pearls of wisdom-an an enjoyable listen. Highly recommended!
Dr. Mike WM-An excellent podcast for physician's-young and old.  As doctors, we get zero business education in medical school, and Dave gives practical advice to help us on our financial journeys. Highly recommended!
There have been some BIG changes with taxes, and I've had a huge focus on addressing these changes between 2017 and 2018!  And as a friendly reminder, you can text LESSTAXES to 44222, and that will give you all kinds of information with the tables I've been going over and possibly help you to apply for your specific situation.
In this podcast you will:
Learn how itemizing is a much more difficult barrier for residents and fellows to get over
Discover the difference in tax savings between being single and being married
If you think you may be paying more taxes than the numbers I've crunched, I'd love to hear from you and look over those numbers with you to see if I might be off on your calculations or if you might be off on your calculations.  Also remember, you can e-mail me at dave@doctorfreedompodcast.com.



 
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Investment advice is only offered in jurisdictions where Centurion Financial Strategies, LLC (“Centurion”) is appropriately registered or exempt from registration. Our Form ADV Part 2 brochure can be obtained free of charge at https://adviserinfo.sec.gov by searching for our firm by name or its unique CRD number (316454). This podcast is not a solicitation to provide advisory services in any jurisdiction in which we are not appropriately registered or excluded from registration.
The information, statements, and opinions contained in this podcast have been obtained from or are based upon information obtained from sources which we believe to be reliable, but we do not warrant or guarantee the timeliness or accuracy of any such information. This podcast is intended for informational purposes only and should not be construed as personalized investment, tax, or legal advice. Opinions expressed by any guest are their own opinions and do not necessarily reflect the firm’s views. You should carefully consider your unique financial circumstances and needs prior to making any investment in securities or purchasing any insurance products. Past performance is not indicative of future results. Investing in securities involves the risk of loss.
Insurance products are backed by the financial strength and claims-paying ability of the issuing insurance company and may be subject to restrictions, limitations, and early withdrawal fees which vary by issuer. You should consider the charges, risks, expenses, and investment objectives of any insurance products before entering a contract.

[REPLAY] S4 Episode 11-How the Tax Reform Impacts You-Part 5-Residents and Fellows

Hello, my friends, this is Dave Denniston, and welcome back to another episode of Freedom Formula for Physician's Podcast, the podcast dedicated to helping doctors like you slash your debt, slash your taxes, and live a liberated lifestyle.  And today we're focusing on the debit side of that equation.  
Our next guest founded Student Loan Planner after helping his physician now wife, now wife navigates ridiculously complex student loan repayments following med school.  To date, he has personally consulted on over $200 million in student debt, personally more than anyone else in the country.  And this is a guy after my heart's own heart-he is an Eagle Scout, a CFA (chartered financial analyst, he used to do a bunch of trading back in the day.  Now, his focus is on student loan debt payment.  Please help me welcome Travis Hornsby.
 

 
In this podcast you will:
 
Learn how to make a strategic plan when graduating from med school with significant debt
Get an inside look at Public Service Loan Forgiveness (PSLF) and how and when to apply
Discover how Travis and his wife Christine navigated through the FFEL (Federal Family Education Loan) program
Why you shouldn't consolidate all your loans at END of your residency
Learn about the Direct Loan Program
Why refinancing may be the best option to repay your student loans during residency
Resources mentioned in this podcast:
Contact Travis directly at travis@studentloanplanner.com
Student Loan Planner

 "To learn more about Student Loan Planner's services, see if a student loan consultant is right for you.
 
If you're confident you want to pay back your med school loans as fast as possible, check out these cashback bonuses for refinancing student loans."

 


If you have questions or want to share your story, I'd love to hear from you. Contact me at dave@doctorfreedompodcast.com or on my websitewww.doctorfreedompodcast.com.
If you are confused about this tax stuff and you want the latest copy of the Tax Reduction Prescription and that calculator I was talking about in January, there's no better time to grab that than right now! Text LESSTAXES to 44222.
Remember, make sure to slash your debt, slash your taxes, and live a liberated lifestyle.
 
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Investment advice is only offered in jurisdictions where Centurion Financial Strategies, LLC (“Centurion”) is appropriately registered or exempt from registration. Our Form ADV Part 2 brochure can be obtained free of charge at https://adviserinfo.sec.gov by searching for our firm by name or its unique CRD number (316454). This podcast is not a solicitation to provide advisory services in any jurisdiction in which we are not appropriately registered or excluded from registration.
The information, statements, and opinions contained in this podcast have been obtained from or are based upon information obtained from sources which we believe to be reliable, but we do not warrant or guarantee the timeliness or accuracy of any such information. This podcast is intended for informational purposes only and should not be construed as personalized investment, tax, or legal advice. Opinions expressed by any guest are their own opinions and do not necessarily reflect the firm’s views. You should carefully consider your unique financial circumstances and needs prior to making any investment in securities or purchasing any insurance products. Past performance is not indicative of future results. Investing in securities involves the risk of loss.
Insurance products are backed by the financial strength and claims-paying ability of the issuing insurance company and may be subject to restrictions, limitations, and early withdrawal fees which vary by issuer. You should consider the charges, risks, expenses, and investment objectives of any insurance products before entering a contract.

[REPLAY] S4 Episode 10-Med School, Residency, Loans-”OH MY”!-Navigating the course of Medical School Debt with Travis Hornsby

There have been some BIG changes lately with taxes and they are likely to impact you in a big way!
You may have heard of the tax reform package, called appropriately, The Tax Cut & Reform Bill.
However, it may not be a win for everyone. Listen to this podcast and discover why.
In this podcast you will:
Learn how to qualify for the 2018 child tax credit under the new tax reform bill.
Discover the difference in taxes for high earners, 600K or above with a mortgage and children.
In 2018 high earners have maxed out the number of their total deductions.
What will happen if you have no state income tax? What states would you benefit more from by paying no state income tax?
For all the show notes, transcription, and more, check out the podcast website at http://doctorfreedompodcast.com/
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Investment advice is only offered in jurisdictions where Centurion Financial Strategies, LLC (“Centurion”) is appropriately registered or exempt from registration. Our Form ADV Part 2 brochure can be obtained free of charge at https://adviserinfo.sec.gov by searching for our firm by name or its unique CRD number (316454). This podcast is not a solicitation to provide advisory services in any jurisdiction in which we are not appropriately registered or excluded from registration.
The information, statements, and opinions contained in this podcast have been obtained from or are based upon information obtained from sources which we believe to be reliable, but we do not warrant or guarantee the timeliness or accuracy of any such information. This podcast is intended for informational purposes only and should not be construed as personalized investment, tax, or legal advice. Opinions expressed by any guest are their own opinions and do not necessarily reflect the firm’s views. You should carefully consider your unique financial circumstances and needs prior to making any investment in securities or purchasing any insurance products. Past performance is not indicative of future results. Investing in securities involves the risk of loss.
Insurance products are backed by the financial strength and claims-paying ability of the issuing insurance company and may be subject to restrictions, limitations, and early withdrawal fees which vary by issuer. You should consider the charges, risks, expenses, and investment objectives of any insurance products before entering a contract.

[REPLAY] S4, Episode 9-How The New Tax Packages Effects You- Part 4- With Kids and High Earners

Our next guest is a board-certified anesthesiologist working both in academic/private hospitals in Los Angeles. She is an entrepreneur, an author and a mother of two, and a wife. Where does she find the time?
In an attempt to raise money for her start-up, she accepted the challenge and opportunity to compete as a castaway on the hit reality TV show Survivor. She was on the hit TV show during season 5 of Shark Tank.
Edna has written three children’s books that celebrate cultural and racial diversity.
Outside of the operating room, Edna attempts to balance work, life, and being a mother/wife. I bet she has some tips we all could use for work-life balance.
Please help me welcome Dr. Edna Ma!
In this podcast you will:
Learn Edna's different views on debt from residency to now.
Discover her influences on money and how her unique childhood affects how she handles money today.
Acquire her view on what financial freedom is to her and her family.
Learn how creatively juggled her anesthesiology career and her side hustle.
Find out why she calls her Survivor experience "creative financing!"(HINT: You won't believe this story)
For all the show notes, transcription, and more, check out the podcast website at http://doctorfreedompodcast.com/
----more--------more----
Investment advice is only offered in jurisdictions where Centurion Financial Strategies, LLC (“Centurion”) is appropriately registered or exempt from registration. Our Form ADV Part 2 brochure can be obtained free of charge at https://adviserinfo.sec.gov by searching for our firm by name or its unique CRD number (316454). This podcast is not a solicitation to provide advisory services in any jurisdiction in which we are not appropriately registered or excluded from registration.
The information, statements, and opinions contained in this podcast have been obtained from or are based upon information obtained from sources which we believe to be reliable, but we do not warrant or guarantee the timeliness or accuracy of any such information. This podcast is intended for informational purposes only and should not be construed as personalized investment, tax, or legal advice. Opinions expressed by any guest are their own opinions and do not necessarily reflect the firm’s views. You should carefully consider your unique financial circumstances and needs prior to making any investment in securities or purchasing any insurance products. Past performance is not indicative of future results. Investing in securities involves the risk of loss.
Insurance products are backed by the financial strength and claims-paying ability of the issuing insurance company and may be subject to restrictions, limitations, and early withdrawal fees which vary by issuer. You should consider the charges, risks, expenses, and investment objectives of any insurance products before entering a contract.

S1, Episode 12-Mark Forman CPA- Learn How to Grow a Thriving Practice

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