Finding Financial Freedom with The Frugal Physician - Finance, Wellness, Budget, Student Loans, Wealth, Doctor, Fitness, Money

• Ep90: From Medicine & Marketing to Million-Dollar Real Estate with Dr. Gelerie and Erik - Part 2

  In this episode of the Finding Financial Freedom Podcast, Erik and Gelerie Stenbakken share the next chapter of their inspiring real estate journey. From saving for their dream home to transitioning into real estate investing, they reveal how they scaled from long-term rentals to a thriving short-term rental business. Discover how they built lasting relationships with vendors, optimized their systems, and found more time for family—all while pursuing financial freedom.   Whether you’re starting out or looking to scale your real estate business, Erik and Gelerie’s experience is packed with actionable insights to help you achieve your own investing goals.  Key Topics Covered: 1. Scaling Systems for Short-Term Rentals  How they built efficient processes to manage multiple properties.   2. Optimizing Vendor Relationships The importance of building partnerships with trusted vendors and companies.   3. Short-Term vs. Long-Term Rentals The key differences and what to expect from each.   4. Family Time and Gaining Freedom Through REI  How real estate investing gave them more quality time as a family.   5. The Value of Giving Back Why improving the lives of others is part of their mission.   6. Getting Started in Real Estate  How to take your first step into real estate investing.   7. Professional Status & Property Management What it means to pursue real estate professional status and manage rental properties effectively.    Resources Mentioned: BiggerPockets The Millionaire Next Door  The Real Estate Pessimist Podcast Follow Erik’s Podcast Page on Instagram STR in an hour course Listener Takeaways: Systems and relationships are crucial for scaling your business.   You don’t need a huge budget to get started—just a willingness to learn and take action.   Short-term rentals offer unique opportunities but come with their own set of challenges.   Prioritizing family and giving back can be key drivers of long-term success. Connect with Us: Host: Dr. Disha Spath, The Frugal Physician Guests: Dr. Gelerie and Erik Stenbakken Thank you for tuning in! Be sure to share this episode with anyone thinking about investing in real estate.   This episode is sponsored by Reza & Sharif CPAs - They provide more than just tax returns and financial statements—they deliver strategic financial solutions tailored to your needs. Whether you're a business owner, physician, or investor, they help you navigate complex tax laws, maximize savings, and build long-term wealth. With expert tax planning, accounting, and advisory services, they ensure your finances work for you—not the other way around. Take control of your financial future today. Visit rezasharif.com to see how they can help.   This episode is also sponsored by Set for Life Insurance – Providing more than just insurance policies—they deliver personalized coverage and expert guidance tailored to your needs. Whether you're looking for life, disability, or long-term care insurance, their team ensures you get the best protection at the most cost-effective rates. With priority underwriting, special discounts, and access to top-rated insurers, they make securing your future simple and stress-free. Take the next step in protecting what matters most. Visit setforlifeinsurance.com or call 1-888-553-3559 today.

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• Ep89: From Medicine & Marketing to Million-Dollar Real Estate with Dr. Gelerie and Erik

  In this episode of The Finding Financial Freedom Podcast, we sit down with Dr. Gelerie, an anesthesiologist with 20 years in the medical field, and Erik, an expert in teaching, marketing, PR, and photography. Together, they share their journey into real estate—how they started, the challenges they faced, and the strategies they used to build a successful investment portfolio. From buying their first property to understanding market cycles, setting up systems, and shifting career paths, this conversation is packed with insights on making real estate work for us. Key Topics Covered: Getting Started in Real Estate How Dr. Gelerie and Erik transitioned from medicine and marketing into investing. Buying & Renting Their First Property Lessons learned from their first real estate deal. Understanding Market Cycles How real estate moves in cycles and why timing matters. Building Systems & Relationships for Long-Term Success The key to scaling a real estate business efficiently. Shifting Careers & Investing with Confidence How a mindset shift helped them navigate new opportunities. Investing creatively Creative financing strategies that work. Managing Rental Properties What property management really looks like behind the scenes.   Resources Mentioned: Cashflow Quadrant by Robert Kiyosaki Rich Dad Poor Dad by Robert Kiyosaki BiggerPockets  Short-Term Rental, Long-Term Wealth by Avery Carl EVOLVE Company Listener Takeaways: You don’t need a real estate background to get started—just the willingness to learn. Investing with little to no money down is possible with the right strategy. Systems and relationships are key to scaling in real estate. Connect with Us: Host: Dr. Disha Spath, The Frugal Physician Guests: Dr. Gelerie and Erik Stenbakken Thank you for tuning in! Be sure to share this episode with anyone thinking about investing in real estate.   This episode is sponsored by Reza & Sharif CPAs - They provide more than just tax returns and financial statements—they deliver strategic financial solutions tailored to your needs. Whether you're a business owner, physician, or investor, they help you navigate complex tax laws, maximize savings, and build long-term wealth. With expert tax planning, accounting, and advisory services, they ensure your finances work for you—not the other way around. Take control of your financial future today. Visit rezasharif.com to see how they can help.   This episode is also sponsored by Set for Life Insurance – Providing more than just insurance policies—they deliver personalized coverage and expert guidance tailored to your needs. Whether you're looking for life, disability, or long-term care insurance, their team ensures you get the best protection at the most cost-effective rates. With priority underwriting, special discounts, and access to top-rated insurers, they make securing your future simple and stress-free. Take the next step in protecting what matters most. Visit setforlifeinsurance.com or call 1-888-553-3559 today.

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• Ep88: Retirement Planning Secrets: Building Your Paycheck & Finding Fullfillment with Fritz Gilbert

  In this episode of Finding Financial Freedom Podcast, Dr. Disha Spath sits down with Fritz Gilbert, founder of The Retirement Manifesto and award-winning blogger, to uncover the secrets of a successful retirement. Fritz shares how he planned his early retirement, built financial security, and navigated the emotional and relational aspects of this major life transition.   Discover the strategies behind his three-year cash cushion, the bucket system for managing retirement spending, and how he handled investments during market downturns. Plus, get insights on Roth IRA conversions, the 72(t) rule, and why non-financial aspects of retirement are just as important as the numbers.  Key Topics Covered: 1. Preparing for Early Retirement What inspired Fritz to retire early and how he planned for it.   2. Building a Three-Year Cash Cushion How cash reserves provide security in retirement.   3. Estimating Retirement Spending Using cash buckets to create a sustainable withdrawal strategy.   4. Investment Strategy During Market Downturns Did Fritz pause withdrawals during COVID?   The 72(t) Rule Explained 5. How it allows penalty-free early retirement withdrawals.   Roth IRA ConversionsTax-efficient strategies for long-term wealth.   6. Beyond Money The Emotional Side of Retirement Why relationships and purpose matter just as much as finances.   7. Avoiding Common Retirement Planning Mistakes Lessons from Fritz’s experience.   Resources Mentioned: Keys to a Successful Retirement by Fritz Gilbert The Retirement Manifest Blog by Fritz Gilbert How to Retire by Christine Benz Listener Takeaways: Build a cash cushion to weather market downturns in retirement.   Structure your retirement paycheck with a clear spending and withdrawal plan.   Understand the key tax strategies, like Roth conversions and the 72(t) rule.   Plan beyond finances—focus on relationships, purpose, and fulfillment.  Connect with Us: Host: Dr. Disha Spath, The Frugal Physician Guest: Fritz Gilbert: Founder of The Retirement Manifesto   Thank you for tuning in! Be sure to share this episode with anyone navigating student loan repayment.   This episode is also sponsored by FacetWealth Discover how Facet is transforming financial planning for physicians with personalized, flat-fee financial planning—visit facet.com/frugalphysician to start building your financial future today.

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• Ep87: How Direct Primary Care is Breaking Barriers in Healthcare with Dr. Josh Umbehr - Part 2

  In this episode, we continue our insightful conversation with Dr. Josh Umbehr, founder of Atlas MD, to explore how Direct Primary Care (DPC) is transforming healthcare. From building a scalable electronic medical record (EMR) system to addressing the barriers of traditional insurance, Dr. Umbehr sheds light on the innovations making healthcare more accessible, affordable, and patient-focused.   Dr. Umbehr also discusses the future of DPC, advice for physicians starting their own practices, and the importance of work-life balance. This episode is packed with actionable insights and practical advice for both healthcare professionals and patients seeking a better healthcare model.  Key Topics Covered: 1. The Story Behind Atlas MD Discover the inspiration behind the creation of Atlas MD and how Dr. Josh built a platform that empowers DPC practitioners nationwide.  Learn why building a fast and scalable EMR system was key to the success of Atlas MD.   2.  Revolutionizing Healthcare Costs  Understand why Dr. Umbehr believes the answer to affordable healthcare lies in not relying on insurance for routine care.   3. The Future of Direct Primary Care   Gain insights into the next big challenges DPC could tackle and how it can reshape the healthcare landscape further.   4. Advice for Physicians Entering DPC Hear what Dr. Josh would tell physicians considering starting their own DPC practice and how they can overcome common challenges.   5. Managing Work-Life Balance in Medicine Learn how Dr. Umbehr prioritizes balance to maintain both professional and personal well-being.   6. Understanding Malpractice Insurance in DPC Get an overview of malpractice insurance costs for DPC practitioners and how it differs from traditional practices.   Resources Mentioned: Cure That Works Risking Business: Why Insurance Companies Fail and What to Do About It Radical Candor Atlas MD Website Listener Takeaways: Understand how DPC is breaking barriers in healthcare through affordability and transparency.   Learn practical steps to build a DPC practice that prioritizes the doctor-patient relationship.   Discover the benefits of reducing reliance on insurance for routine care.   Gain inspiration to innovate and create meaningful change in the healthcare system. Connect with Us: Host: Dr. Disha Spath, The Frugal Physician Guest: Dr. Josh Umbehr: Founder of Atlas MD and advocate for direct primary care.  Follow him on LinkedIn Thank you for tuning in! Be sure to share this episode with anyone navigating student loan repayment.   This episode is also sponsored by FacetWealth Discover how Facet is transforming financial planning for physicians with personalized, flat-fee financial planning—visit facet.com/frugalphysician to start building your financial future today.

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• Ep86: How Direct Primary Care is Breaking Barriers in Healthcare with Dr. Josh Umbehr - Part 1

  In this episode of the Finding Financial Freedom podcast, we sit down with Dr. Josh Umbehr, founder of  Atlas MD and a pioneer in the field of direct primary care (DPC) , often referred to as "concierge medicine." With over 1,700 doctors nationwide on their platform, Atlas MD is revolutionizing the way healthcare is delivered, focusing on transparency, affordability, and rebuilding trust in the doctor-patient relationship.   Dr. Umbehr shares his journey into medicine and the inspiration behind starting Atlas MD, offering valuable insights into how DPC differs from traditional primary care. He also dives into the importance of putting patients first and how this innovative model prioritizes the doctor-patient connection while reducing administrative burdens.   This episode is packed with insights to help you understand this growing movement in healthcare. Stay tuned for part two! Key Topics Covered: 1. The Journey to Atlas MD Learn about Dr. Josh Umbehr's career path, what inspired him to innovate in the medical field, and how Atlas MD became a platform to support DPC practitioners nationwide.   2. What is Direct Primary Care (DPC)? Discover how DPC differs from traditional primary care.   Understand why it’s often called the “Costco” of healthcare, with its focus on subscription-based, transparent, and affordable pricing.   3. Why Traditional Healthcare Models Are Losing Trust  Explore the reasons behind the loss of trust in traditional healthcare systems.  Learn how DPC fosters trust through fair, transparent pricing and personalized care.   4. A Revolutionary Approach to Billing Dive into the simplified billing process used in DPC, which allows doctors to spend more time with patients and less time navigating insurance red tape.   5. The Rise of the Doctor-Patient Relationship Understand why meaningful doctor-patient relationships are at the core of DPC and how this model enhances communication, trust, and outcomes.     Resources Mentioned: Atlas MD Website Listener Takeaways: Gain a clear understanding of how DPC works and why it’s a game-changer for healthcare.   Learn actionable steps to rebuild trust with patients through transparency and personalized care.   Understand how doctors can reduce administrative burdens and prioritize patient care.   Explore the potential of DPC to reshape the future of healthcare.     Connect with Us: Host: Dr. Disha Spath, The Frugal Physician Guest: Dr. Josh Umbehr: Founder of Atlas MD and advocate for direct primary care.  Follow him on LinkedIn Thank you for tuning in! Be sure to share this episode with anyone navigating student loan repayment.   This episode is also sponsored by FacetWealth Discover how Facet is transforming financial planning for physicians with personalized, flat-fee financial planning—visit facet.com/frugalphysician to start building your financial future today.

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