17. How a Doctor Reached Financial Freedom in 3 Years with Larry Daugherty

In this episode of Paging Financial Freedom, Dr. Daniel Shin, surgeon and real estate investor, and Lila Kaplan, former Wall Street professional and certified financial planner, sit down with Dr. Larry Daugherty, board-certified radiation oncologist, real estate investor and founder of The Freedom Physician, to discuss how he built financial independence through real estate while creating a life centered around autonomy, family and adventure. Larry shares how growing up with financial scarcity shaped his relationship with money, why he moved from Florida to Alaska, and how an unexpected crisis in his medical practice transformed real estate from a side investment into a path toward financial freedom. After buying his first fourplex in 2020, he rapidly grew his portfolio and reached the point where his real estate cash flow exceeded his physician income within three years. The conversation also explores Larry’s experiences completing the Iditarod and summiting Mount Everest, the role his wife played in building their portfolio, the realities of active real estate investing and why financial independence ultimately allowed him to rediscover his love for medicine on his own terms. Key Takeaways ~00:00 – Larry’s background and the Freedom Physician ~02:20 – Building Radiating Hope ~04:00 – Growing up with financial scarcity ~07:30 – How debate led Larry toward medicine ~11:30 – Discovering his passion for adventure ~14:00 – Losing autonomy in academic medicine ~17:00 – Moving to Alaska and pursuing the Iditarod ~21:00 – Reaching a positive net worth at 40 ~23:00 – Discovering real estate at PIMDCon ~25:00 – His first fourplex and real estate cash flow ~28:00 – How COVID changed his financial priorities ~30:00 – Reaching financial freedom in three years ~34:30 – Practicing medicine on his own terms ~36:00 – Prairie’s role in their real estate journey ~39:00 – The reality of active real estate investing ~42:00 – Investing in today’s real estate market About the Larry: Dr. Larry Daugherty is a board-certified radiation oncologist, real estate investor and founder of The Freedom Physician. Based in Alaska, he has built a real estate portfolio of approximately $40 million and more than 200 multifamily units while mentoring physicians on financial independence and intentional living. He is also an accomplished adventurer who has completed the Iditarod four times, summited Mount Everest and co-founded Radiating Hope, a nonprofit expanding access to cancer treatment in underserved countries. ˍˍˍˍˍˍˍˍˍˍˍˍˍˍˍˍˍˍˍˍˍˍˍˍˍˍˍˍˍˍˍˍˍˍˍˍˍˍ Connect with Larry!  Follow him on Instagram Check his website: The Freedom Physician Larry’s email: [email protected] Some websites Larry would like for you to check it out: Radiating Hope and Basecamp Mastermind   ˍˍˍˍˍˍˍˍˍˍˍˍˍˍˍˍˍˍˍˍˍˍˍˍˍˍˍˍˍˍˍˍˍˍˍˍˍˍ Links from the Episode: 🔗 Apple Podcast 🔗 Spotify 🔗 Dr. Daniel Shin’s Real Estate Platform: Cereus Real Estate 🔗 Lila Kaplan’s Real Estate Investment Firm: Silverback Equity Partners ˍˍˍˍˍˍˍˍˍˍˍˍˍˍˍˍˍˍˍˍˍˍˍˍˍˍˍˍˍˍˍˍˍˍˍˍˍˍ Stay Connected with Us: 👉 LinkedIn 👉 Instagram: Daniel Shin and Lila Kaplan 👉 YouTube:The Paging Financial Freedom Podcast