Financial Freedom for Doctors

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Doctors and other medical professionals have excellent pay and prestige. For the first 30 years of their life they are often the top of the class.

The downsides are malpractice suits. Stemming from negligence claims from misdiagnosis, superfluous patience claims or untimely release. Side note (I am not a lawyer) I believe all doctors should have an international trust and not mess around with flimsy LLCs which I have seen getting blown up all the time or pressured into a bad settlement amount (average malpractice settlement amount was $350k per the The National Practitioner Data Bank.)

Insurance is a way to mitigate this but this results in heavy insurance costs. Add that to the decreasing margins taken by insurance companies and for-profit hospitals is making the rich doctor extinct.

 

Live Coaching Call with a Doctor going 45 => 75 MPH!

Doctor Using Short Term Rentals for FI – David Draghinas from DoctorUnbound

Show notes:

  • 4-8k a month passive with short term rentals
  • Started with assisted living for a year but its very intense from an operator prospective and discovered it was too hard
  • Better paying tenants
  • Rental arbitrage game to scale up quickly and downsides
  • Get bookings on own website
  • Why are there so much engineers investors? And the doctor paradigm. And paying off student debt.
  • Pros & Cons of Short Term AirBNB & VROB rentals landlording
  • Better paying tenants
  • Rental arbitrage game to scale up quickly and downsides
  • Get bookings on own website
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