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

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

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

By: Dr. Disha Spath MD FACP
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 Financial Freedom and Peace of Mind. For all of us. A podcast by The Frugal Physician for healthcare professionals looking to get their financial house in order and design their ideal lives.2023 Economics Education Personal Finance
Episodes
  • Ep114: How Doctors Can Access Fair Loans and Build Successful Practices: Financial Freedom with Doc2Doc CEO Dr. Zwade Marshall - Part 2

    Ep114: How Doctors Can Access Fair Loans and Build Successful Practices: Financial Freedom with Doc2Doc CEO Dr. Zwade Marshall - Part 2
    Dec 5 2025
    This is Part 2 of our conversation with Dr. Zwade Marshall and the final episode for a while as Dr. Disha begins a new chapter, opening her own Direct Primary Care practice. Dr. Zwade Marshall is an Emory and Harvard trained anesthesiologist, interventional pain specialist, CMO of Regenerative Spine and Pain Specialists, and co-founder and CEO of Doc2Doc Lending, a lending platform created by doctors for doctors. In this closing installment, Dr. Marshall explains what it truly means for physicians to make empowered decisions when opening, financing, and building their own practice. He shares the financial pitfalls many doctors overlook, the importance of understanding market demographics, and how tools such as Tenant Improvement Allowance and ownership-based tax benefits can significantly shape long-term wealth for private practice physicians. If you are planning to open a clinic, transition into DPC, or simply want to understand practice financing more clearly, this episode offers practical guidance that medical training rarely covers. Key Topics Covered: 1. How empowered doctors make empowered decisions Why physicians must learn to evaluate risk, financing, long-term ROI, and operational decisions with the same confidence they use in clinical care—and how that mindset shift changes everything. 2. Financing your own medical practice Understanding budget allocations, startup capital, cost projections, and what you should (and shouldn't) take on debt for when building your practice from scratch. 3. The Market Demographic Survey What a demographic report actually tells you, how it affects patient volume and payer mix, and why it's one of the most critical early steps in choosing your practice location. 4. Tenant Improvement Allowance (TIA) What TIA is, how landlords use it to attract medical tenants, how much you can negotiate, and how it reduces upfront buildout costs for new practice owners. 5. Why owning your medical practice building is a long-term wealth strategy The tax benefits, equity growth, and stability that come with being your own landlord—and why many physicians only realize these advantages too late in their careers. 6. Financing (How do doctors get capital?) Especially when they don't have revenue yet. Listener Takeaways: The mindset shifts required to become an empowered, financially confident physicianHow to allocate budget and financing when opening a practiceWhy demographic surveys are essential for choosing the right locationHow Tenant Improvement Allowances work and how to negotiate themThe long-term tax benefits and wealth advantages of owning your practice propertyHow platforms like Doc2Doc support physicians with smarter, physician-centered lendingReal-world financial advice every doctor should know before launching a private practice or DPC model Connect with Us: Host: Dr. Disha Spath, The Frugal Physician Guest: Dr. Zwade Marshall, CEO of Doc2Doc Lending This episode is brought to you by Doc2Doc Lending. Doc2Doc Lending offers personal loans up to $100,000 for doctors — designed to help you consolidate debt, invest in your goals, or get ahead financially. Founded by doctors for doctors, we make funding simple, transparent, and tailored to the medical community. Visit their website at: https://www.doc2doclending.com/personal-loans-for-physicians/?utm_source=FrugalPhysician&utm_medium=podcast&utm_campaign=FP This episode is brought to you by Black Swan Real Estate, led by physician-investor Dr. Elaine Stageberg. Dr. Stageberg, a Mayo Clinic–trained physician, together with her husband Nick, has spent years building Black Swan Real Estate into a diversified, large-scale portfolio now approaching half a billion dollars across 2,000 doors. Now, through their Secure Freedom Fund, a 10% fixed rate of return offering, you can invest alongside them. The Secure Freedom Fund offers institutional-quality real estate opportunities—designed to deliver strong cash flow, long-term growth, and remarkable tax advantages. This fund is uniquely structured so that each investor can tailor it to their own individual goals: a minimum investment of just $25,000, the ability to choose monthly cashflow distributions or to elect the compounding option for higher overall growth, the option to exit the fund on your timing, the flexibility to invest in your personal name, a trust, an LLC, or a retirement account, and so much more. If you're an accredited investor who's ready to diversify beyond Wall Street and invest with experienced, trust worthy operators who've been exactly where you are, visit SecureFreedomFund.com today to learn more. From there, you can review the slides, watch the webinar, and even a book a call directly 1:1 with Dr. Elaine Stageberg. That's SecureFreedomFund.com.
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    59 mins
  • Ep113: How Doctors Can Access Fair Loans and Build Successful Practices: Financial Freedom with Doc2Doc CEO Dr. Zwade Marshall

    Ep113: How Doctors Can Access Fair Loans and Build Successful Practices: Financial Freedom with Doc2Doc CEO Dr. Zwade Marshall
    Nov 21 2025
    In today's episode, Dr. Disha Spath sits down with Dr. Zwade Marshall—Emory- and Harvard-trained anesthesiologist, interventional pain specialist, CMO of Regenerative Spine and Pain Specialists, and co-founder/CEO of Doc2Doc Lending, a lending platform built by doctors for doctors. Dr. Marshall shares the real story behind why traditional banks misunderstand early-career physicians, how his own relocation struggle sparked Doc2Doc, and how their proprietary underwriting finally evaluates doctors based on potential, not current cash flow. Whether you're an early-career doctor trying to get approved for a loan, or an experienced physician thinking about launching your own practice, this episode is full of practical, real-world financial advice that medical training never covered. Key Topics Covered: 1. Why traditional banks undervalue physicians How big student loans and low early income distort our financial picture and why banks overlook our recession-proof earning potential. 2. How Doc2Doc Lending was born The moment Dr. Marshall realized the system was broken and how he built a lending model that evaluates physicians prospectively, not punitively. 3. What makes Doc2Doc underwriting different NPI verification, training stage, specialty, geography, cash-flow behaviors, and machine-learning insights that actually reflect physician realities. 4. When using leverage makes sense Why personal loans can be powerful tools for practice start-up costs, fix-and-flips, or bridging SBA delays and why they shouldn't be used for consumption. 5. Understanding loan types, rates, and flexibility How Doc2Doc's unsecured personal loans work, the monthly rate model, no-prepayment-penalty structure, and common use cases among physicians. 6. Credit scores, shame, and starting from scratch A discussion especially relevant for immigrants and young physicians with thin credit files plus why your early FICO score doesn't define your financial future. Listener Takeaways: How Doc2Doc evaluates doctors differently than banksWhy physicians are statistically low-risk borrowers (even with $300K+ in loans)What new attendings need to know about credit scores, debt, and loan approvalsAccessing fair and fast personal loans as a resident, fellow, or new attendingHow physicians can use lending to start a medical practiceThe most common mistakes new practice owners make and how to avoid themWhy private practice and cash-based care models are creating new physician freedom Connect with Us: Host: Dr. Disha Spath, The Frugal Physician Guest: Dr. Zwade Marshall, CEO of Doc2Doc Lending This episode is brought to you by Doc2Doc Lending. Doc2Doc Lending offers personal loans up to $100,000 for doctors — designed to help you consolidate debt, invest in your goals, or get ahead financially. Founded by doctors for doctors, we make funding simple, transparent, and tailored to the medical community. Visit their website at: https://www.doc2doclending.com/personal-loans-for-physicians/?utm_source=FrugalPhysician&utm_medium=podcast&utm_campaign=FP This episode is brought to you by Black Swan Real Estate, led by physician-investor Dr. Elaine Stageberg. Dr. Stageberg, a Mayo Clinic–trained physician, together with her husband Nick, has spent years building Black Swan Real Estate into a diversified, large-scale portfolio now approaching half a billion dollars across 2,000 doors. Now, through their Secure Freedom Fund, a 10% fixed rate of return offering, you can invest alongside them. The Secure Freedom Fund offers institutional-quality real estate opportunities—designed to deliver strong cash flow, long-term growth, and remarkable tax advantages. This fund is uniquely structured so that each investor can tailor it to their own individual goals: a minimum investment of just $25,000, the ability to choose monthly cashflow distributions or to elect the compounding option for higher overall growth, the option to exit the fund on your timing, the flexibility to invest in your personal name, a trust, an LLC, or a retirement account, and so much more. If you're an accredited investor who's ready to diversify beyond Wall Street and invest with experienced, trust worthy operators who've been exactly where you are, visit SecureFreedomFund.com today to learn more. From there, you can review the slides, watch the webinar, and even a book a call directly 1:1 with Dr. Elaine Stageberg. That's SecureFreedomFund.com.
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    38 mins
  • Ep112: Turning Fear into Financial Freedom: Dr. Elaine Stageberg on Building Passive Income

    Ep112: Turning Fear into Financial Freedom: Dr. Elaine Stageberg on Building Passive Income
    Oct 17 2025
    In this inspiring episode of Finding Financial Freedom, host Dr. Disha Spath sits down with Dr. Elaine Stageberg, co-owner and principal of Black Swan Real Estate, to explore how she turned one rental property into a half-billion-dollar real estate empire—all while raising five kids and maintaining a career in psychiatry. Dr. Elaine's journey from a difficult childhood marked by financial instability to becoming a leading real estate investor is a testament to resilience, intention, and the power of mindset. Together with her husband, she built Black Swan Real Estate, a diversified portfolio with over 2,000 doors and nearly $500 million in assets. Tune in as Dr. Elaine shares how she overcame scarcity thinking, leaned into fear, and built financial freedom through strategic investing. Key Topics Covered: 1. Overcoming Adversity and Finding Purpose Elaine's early life shaped by financial scarcity and addiction in her family.The role of love and stability in the midst of chaos—and how it formed her values today. 2. From Medicine to Mindset Why Elaine chose psychiatry and how her background influenced her specialty.The importance of paying it forward and mentoring others. 3. The Accidental Landlord Story How an underwater mortgage led Elaine and Nick to rent out their first home.What she learned about property management, cash flow, and providing housing.Discovering the joy and purpose of real estate beyond spreadsheets. 4. Building Black Swan Real Estate Their first intentional investment: turning a vacant, foreclosed home into a thriving rental.The philosophy behind building value and creating "sacred work" through housing. 5. Mindset, Marriage, and Money Why Elaine says there's never a "perfect time" to start investing—only the courage to begin.How facing fear and uncertainty became their superpower for growth. 6. Introducing the Secure Freedom Fund How investors can partner with Black Swan Real Estate through the Secure Freedom Fund.Earn a 10% fixed rate of return through institutional-quality real estate investments. Listener Takeaways: Lean into fear—growth happens outside your comfort zone.Real estate can be sacred work that provides both purpose and profit.Adversity can be a foundation for resilience and success.Start before you're ready—there's never a perfect time to invest.Financial freedom is not just about money but about designing life on your terms. Resources Mentioned: Black Swan Real EstateSecure Freedom Fund Connect with Us: Host: Dr. Disha Spath, The Frugal Physician Guest: Dr. Elaine Stageberg – Co-Owner & Principal, Black Swan Real Estate This episode is brought to you by Black Swan Real Estate, led by physician-investor Dr. Elaine Stageberg. Dr. Stageberg, a Mayo Clinic–trained physician, together with her husband Nick, has spent years building Black Swan Real Estate into a diversified, large-scale portfolio now approaching half a billion dollars across 2,000 doors. Now, through their Secure Freedom Fund, a 10% fixed rate of return offering, you can invest alongside them. The Secure Freedom Fund offers institutional-quality real estate opportunities—designed to deliver strong cash flow, long-term growth, and remarkable tax advantages. This fund is uniquely structured so that each investor can tailor it to their own individual goals: a minimum investment of just $25,000, the ability to choose monthly cashflow distributions or to elect the compounding option for higher overall growth, the option to exit the fund on your timing, the flexibility to invest in your personal name, a trust, an LLC, or a retirement account, and so much more. If you're an accredited investor who's ready to diversify beyond Wall Street and invest with experienced, trust worthy operators who've been exactly where you are, visit SecureFreedomFund.com today to learn more. From there, you can review the slides, watch the webinar, and even a book a call directly 1:1 with Dr. Elaine Stageberg. That's SecureFreedomFund.com.
    Show More Show Less
    53 mins
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