In this episode we’re exploring how to achieve both time and financial freedom. We dive deep into practical strategies and actionable tips with our guest, Doug Vestal, to empower you on your journey towards a more liberated and fulfilling OT life. We discuss:
- What financial freedom and time freedom mean for OTs and how to achieve them.
- The importance of financial literacy for OTs.
- Tips for occupational therapists to gain financial independence, including paying off student debt, diversifying income and automating business operations.
- Understanding and utilizing the “Freedom Number” to set financial goals.
- Aligning spending with personal values and rethinking financial priorities.
- Tackling common financial misconceptions in the OT community and the benefits of financial well-being.
- Strategies for OTs to manage and pay off student debt effectively.
- Practical advice for enhancing financial growth and managing debt for occupational therapists.
Doug Vestal is the author of the book: Financial Freedom for OTs: A Guide to Building Wealth Without Burnout. Doug helps OTs achieve occupational choice and freedom by starting private pay practices. He co-founded The Functional Pelvis, a private pay OT practice with his OT wife, Lindsey Vestal. He has over 10 years’ experience managing an OT private practice and has helped 100s of OTs start private practices. Before working with OTs he spent 15 years in senior management positions on Wall Street. He loves combining his business acumen, passion for entrepreneurship, and his knowledge of OTs to help them find time and money freedom on their terms. He has a Master’s in Financial Mathematics and a Ph.D. in Applied Probability.
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