Doctors and medical practice managers typically don’t have as much time as they’d like to focus on tax strategies, reducing debt and creating wealth to generate long-term security. So, how can you create financial freedom and spend more time with your family?
In this episode, David Denniston, a chartered financial analyst and author of the book “Freedom Formula for Physicians”, joins guest host Keith Landry, to discuss the best ways for physicians to put (and keep) their financial houses in order.
Denniston discusses his formula to help physicians achieve financial freedom by leaning in on disciplined spending and generating additional revenues outside their medical practices.
Tune in to discover:
- How to put a plan in place for doctors to achieve financial freedom
- Create multiple streams of income outside of medicine
- Offer a defined benefit or cash balance plan to reduce your tax bill
- Live like a medical resident to avoid massive debt