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Notes of the Episode
Stop trading time for money! Invest in real estate. It is the best way to achieve wealth and financial freedom so you can spend more quality time with your family and your true passion. Today, we sit down with Dr. Jeff Anzalone, a board-certified periodontist in the great state of Louisiana and founder of DebtFreeDr.com. Dr. Anzalone is passionate about sharing his debt-free journey and finance strategies with medical and high-income professionals.
Our conversation highlights the benefits of investing in commercial real estate and the importance of building multiple income streams. Dr. Anzalone learned that you don’t need to pay your debt or student loans all at once. You can invest your money in cash-flowing assets and use your passive income to pay off your debt! Be all ears as Dr. Anzalone shares his experiences and all the key learnings he picked up on his journey to achieving wealth and financial freedom!
Key Points from This Episode
- What led Jeff down the path of real estate.
- Money as a tool to free up your time.
- The importance of due diligence.
- The benefits of investing in commercial real estate syndications.
- Putting money to work to replace your monthly income.
- Enjoying tax advantages and passive income.
- Debt snowball in reverse or equity snowball.
- How Jeff’s life has changed in his first year of investing in real estate.
- How he lost $15,000 in his first deal.
- The necessity of having multiple income streams.
- What to prioritize after getting out of pharmacy school.
- Where is Jeff now in his journey to financial freedom?
- The mindset of getting your assets to pay for your debt.
- Jeff’s personal finance strategy.
Tweetables:
[00:09:15] “There are multiple different ways such as syndications and other things that you could do passively where you could keep practicing, working, taking that money, and slowly replacing your income, expenses, or whatever you want to do.”
“With the syndications, you can keep focusing on being a pharmacist and you can take that extra money and pool it with other people.” [00:11:41]
“This (real estate) is a people business. You’re investing in people.” [00:12:10]
Links Mentioned:
About Dr. Jeff Anzalone
Dr. Jeff Anzalone is a board-certified periodontist in the great state of Louisiana and founder of DebtFreeDr.com. He is a prolific writer, blogger, and YouTube creator. Dr. Anzalone started his blog after paying off close to $300K in student loan debt and reaching millionaire status by age 40. He discovered passive investing through real estate syndications (group investments). He now focuses on helping other doctors and professionals create passive income from real estate so they can STOP trading their time for money.
Transcript of Episode
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