Physician Financial Well-Being | PPhREI Network Roundup | 11-18-22

by The Darwinian Doctor

In today’s PPhREI Network roundup, we hear about gratitude for guests, the importance of physician financial well-being, and my $105k tax refund from the IRS.

This post may contain affiliate links.

Carpe Diem MD

This gratitude filled post from Ian Cook is very apropos for the upcoming Thanksgiving week. It’s something that’s been on my mind recently as I read all the news articles about the “Airbnb bust” being experienced by many hosts across the country. I’ve certainly noted this in my own short term rental portfolio, especially in my cabin in Broken Bow.

So when I see guests booking my properties, I’m especially grateful these days. I try to go out of my way to ensure a stellar experience. That’s why it was great to read Ian’s post and get a good reminder about how all hosts should be grateful for their short term rental guests.

Read the original post on the Carpe Diem MD blog: 5 reasons to be thankful for guests

The Darwinian Doctor

My post on the blog this week served two purposes. First, it outlined the “full-circle” details about my successful cost segregation and accelerated depreciation of my Palm Springs short term rental. This combination of tax concepts is really powerful, and led to a 100% legal tax refund of $105k.

It also served as the formal introduction of our latest sponsor at The Darwinian Doctor blog: Engineered Tax Services. My contact there, Kim Lochridge, is an advanced tax expert, real estate investor, and all around amazing human being.

Read the original post on the Darwinian Doctor blog: How a Cost Segregation with Engineered Tax Services got me a $105k Tax Refund

The Prudent Plastic Surgeon

As a full time surgeon (on a temporary sabbatical), I think a lot about physician wellness. For example, in a recent post, I wondered if some of our burnout epidemic is related to the rise of employed medicine.

Jordan Frey is also passionate about physician wellness, and feels strongly that it’s tied to financial wellness. He shares his story in this heartfelt post and goes back to the stressed out situation he had after fellowship: burnout + $500k of student debt. He then shows the way out: basic financial education, prudent saving and spending, and uniting behind a strong “why.”

Read the original post on the Prudent Plastic Surgeon blog: Why I Care About Physician Financial Well-Being

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