Welcome to episode 34 of our podcast, where we have a special guest, David Denniston, to talk about land investing and how it can generate residual income. David is a seasoned real estate investor and coach who helps busy professionals find financial freedom through passive income streams.
David believes that busy professionals need to explore their zone of genius and find ways to create residual income streams to ensure financial security in the long term. Land investing can be a great way to achieve this, as it can generate passive income even when you are not actively involved.
David advises that starting with a foundation of traditional investments like 401k and RA can help create leverage to invest in other areas, such as real estate. Stocks, mutual funds, and 401k are passive investments, but they can still form a solid foundation for creating wealth.
David also emphasizes that financial freedom allows us to spend time with loved ones and do the things we enjoy without worrying about finances. Creating residual income streams through land investing can help us achieve this goal.
Overall, David’s insights are valuable for anyone looking to achieve financial freedom and create a secure future. We hope you found this episode informative and inspiring. Thank you for tuning in!
ABOUT MY GUEST
Highly sought-after writer, speaker, and thought-leader, David Denniston, CFA is the financial expert for medical professionals. Host of the Freedom Formula for Physicians Podcast, Dave is uniquely poised to offer unbiased and focused planning advice to a growing tribe of residents, fellows, and practicing physicians.
In his hit book The Freedom Formula for Physicians: A Prescription for First Class Financial Health for Doctors, Dave explains the six dimensions of retirement preparation including how to plan & prosper, debt elimination, tax strategies, and cutting edge investment strategies.
Dave’s passion for helping physicians was born out of the medical journey he and his family went through with the premature birth of his “miracle baby,” Evangeline. Born at 23 weeks and weighing only 12 ounces, Evangeline was saved by an incredible team of skilled medical professionals, inspiring Dave to use his own professional skills to help the medical community.
He now helps physicians create financial freedom and security with his proprietary system the 5-step Physician Financial Prescription for Lifestyle Liberation.