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Unlocking Financial Freedom for Physicians with Dave Denniston | Medicine and Money Show

In this episode of The Medicine and Money Show, host Ryan sits down with Dave Denniston, CFA charter holder, financial advisor, and entrepreneur, to discuss financial strategies tailored for physicians. Dave shares his insights on different financial avatars in medicine, practical steps toward financial freedom, and the importance of thinking differently about risk, investing, and debt. The discussion also covers various income streams, the power of compounding, and behavioral pitfalls to avoid. Tune in to learn about building a solid financial foundation, making informed investment decisions, and preparing for market corrections. Whether you're a medical student, resident, or practicing physician, this episode offers valuable advice and actionable steps to achieve financial stability and independence.

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Reach David Denniston at:
www.daviddenniston.com
www.doctorfreedompodcast.com


00:00 Introduction to Dave Denniston
01:40 Understanding Doctors' Financial Mindsets
04:29 Dave's Personal and Professional Journey
09:36 Exploring Land Flipping
12:54 The Freedom Formula for Physicians
18:56 Financial Strategies for Doctors
24:07 Mindset Shift: From Consumer to Investor
24:40 The Snowball Effect of Wealth
26:43 Financial Strategies and Market Timing
31:11 Understanding Risk in Investments
34:56 Defining Financial Freedom
36:01 The Role of Index Funds
37:42 Market Cycles and Predictions
43:11 Final Thoughts and Advice