{"type":"rich","version":"1.0","provider_name":"Transistor","provider_url":"https://transistor.fm","author_name":"The DOC Podcast","title":"Creating Margin in Your Schedule & Your Bank Account (w/Dr. David Phelps) [Ep.151]","html":"","width":"100%","height":180,"duration":5395,"description":"Episode Summary\n\nIn this powerful episode, I sit down with Dr. David Phelps, dentist turned financial freedom educator, real estate investor, and founder of Freedom Founders. Both of us retired from our clinical practices in our mid-40s and share remarkably parallel journeys. We dive deep into why earning more won't set you free, how to build genuine margin in your money and your time, the danger of tying your identity to your profession, and why having hard conversations with your spouse about money is the most important financial move you can make. Dr. Phelps also shares the deeply personal story of his daughter's battle with leukemia and a liver transplant, and how a family health crisis became the catalyst for his financial freedom journey.\nKey Topics CoveredWhy income alone will never create freedom, and what willThe power of living below your means and compounding savings over timeWhat your schedule says about how \"free\" you really areHow to have honest money conversations with your spouseThe negotiables and non-negotiables every couple needs to define togetherLetting go of your identity as \"the doctor\" when stepping away from practiceRecognizing and recovering from burnoutWhy starting small is the only way to start at allBuilding passive income outside the practice as a path to optionalityTimestamps\n\n0:23 — Episode introduction: Dr. Mike introduces Dr. David Phelps and his mission to help professionals achieve financial freedom\n4:08 — Dr. Phelps' background: growing up an entrepreneur and why dentistry appealed to him\n7:41 — First real estate investment in dental school: partnering with his dad to buy a property and discovering the power of assets\n12:00 — The question that changes everything: how both doctors ended up retiring from clinical practice in their mid-40s\n12:16 — Dr. Phelps shares his daughter's diagnosis with high-risk leukemia and the years of treatment that followed\n17:06 — Update: his daughter is now 34 and thriving — and the pride of...","thumbnail_url":"https://img.transistorcdn.com/Wf6VIMhB_ulpfJzsJlix0BOF0i4W9yk8xxJ6-5X1Y6E/rs:fill:0:0:1/w:400/h:400/q:60/mb:500000/aHR0cHM6Ly9pbWct/dXBsb2FkLXByb2R1/Y3Rpb24udHJhbnNp/c3Rvci5mbS9zaG93/LzQxOTI3LzE2OTg2/MzExNDktYXJ0d29y/ay5qcGc.webp","thumbnail_width":300,"thumbnail_height":300}