"Episode Summary

Welcome back to the Luxury Rental Doctor Podcast! 🎧

In this powerful conversation, Dr. Rachel sits down with Dr. Latifat Akintade—GI doctor turned money coach for women physicians and founder of MoneyFitMD—to show busy women of color and minority women doctors how to buy back time, reduce burnout, and build true wealth with simple investing, smart tax strategy, and better negotiation (without adding another 20 hours to your schedule).

From paying off six-figure student loans in 2.5 years to taking a year-long sabbatical while maintaining income, Dr. Latifat breaks down how high W-2 earners can move beyond “debt-free at all costs,” leverage assets (stocks + real estate), and use four focused hours a week to create passive income and a work-life balance that actually lasts.

If you thought financial freedom = debt free, this episode will redefine wealth—on your terms.

💡 Key Takeaways (built for high-income, time-strapped physicians):

- Debt-Free ≠ Freedom: Why investing (not just paying off debt) creates time freedom and optionality.

- Badasses Love Assets: How high-earning physicians can shift from cash hoarding to asset building (stocks + real estate) in 4 hours/week.

- Tax Strategy for Doctors: Intro to practical tax “loopholes” and optimizations busy clinicians overlook—so your overtime stops leaking to taxes.

- Dave Ramsey, With Nuance: Where his advice helps, and where it hurts physicians with late starts, higher debt, and bigger income potential.

- The 10 Arms of Wealth: Money, rest & sleep, relationships, play, and more—because burnout is a money problem too.

- Negotiation Wins: Physicians adding $80k–$120k/year with strategic negotiation or reducing a clinical day without income loss.

- Sabbaticals Without Panic: How to plan 3–12 months off using assets, cash flow, and goal-aligned spending.

- First 15 Minutes Tonight: Find your money leaks, start pay-your-future-self-first, and pick one negotiation move.

🗂️ Topics Covered

[00:01:00 ] From GI Doc to Money Coach: Reluctant pivot, pandemic wake-up call

[00:04:00 ] The Debt-Free Myth vs. Investing for Freedom

[00:06:00 ] From Shame to Strategy: DIY finance, ending advisor dependency

[00:07:30 ] Dave Ramsey for Physicians—when it helps, when it harms

[00:10:00 ] Burnout, culture of medicine, and redefining “wealth”

[00:12:00 ] 10 Arms of Wealth framework (money, rest, relationships, play)

[00:15:00 ] Why no physician should work full-time (unless it’s a choice)

[00:18:00 ] Year-long sabbatical: assets, net worth, family travel

[00:21:00 ] First steps to financial liberation in 15 minutes

[00:23:00 ] Negotiation: +$100k/year or a day off—how to ask

[00:25:00 ] Pay Your Future Self First: from cash addiction to assets

[00:26:30 ] Live Event (San Diego, Sept 19–21) for women physicians & dentists

[00:29:00 ] Where to find MoneyFitMD (podcast, site, books)

🎙️ Featured Guest

Dr. Latifat Akintade

Founder, MoneyFitMD | GI Doctor | Money Coach for Women Physicians

IG: @moneyfitmd • Podcast: MoneyFitMD (300+ episodes) • Books: Done with Broke, The Power to Choose

Dr. Latifat helps six-figure doctors transform clinical income into assets and time freedom, with a framework that centers burnout prevention, rest, and joy.

🎁 FREE RESOURCES

- Download the “75 Gems” Training: shorttermgems.com/75gems

- Join Our Community: facebook.com/groups/422973842093365

- Follow Us on IG: instagram.com/short.term.gems

- Website: shorttermgems.com

- Book a Strategy Call: shorttermgems.com/book

- Listen to the Podcast: shorttermgems.com/podcast

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