Welcome to another installment in the Future Proof Docs series. As a reminder, this is a series of posts highlighting physicians who excel at something outside of medicine and care enough to share their passions with us. Today I want to introduce Live Free MD - a sports medicine physician, avid outdoorsman and personal finance blogger. I hope you will enjoy this Q&A.
Live Free MD is a sports medicine physician, big mountain enthusiast, cyclocross racer, and blogger. He is passionate about financial freedom, nutrition, functional strength training, and curing the obesity epidemic. If you’re not sure what cyclocross is, shame on you. Educate yourself here.
[FPMD: Can't say I knew what cyclocross was before the video but it looks like quite a rush. Personally, I prefer my cardio workout of an indoor variety.]
When and why did you decide to become a physician?
As an athlete, I have always been interested in health and sports performance. After my undergraduate degree in Bioengineering, I took a break from all the computer programming and complex mathematics to work as a personal trainer for a weight management program at the Pro Sports Club in Bellevue, WA called 20/20 Lifestyles. While working as a personal trainer, I decided that the best way to promote exercise and improve the health of society was to become a physician.
[FPMD: Weight management program? I may need your personal training advice!]
Why your specialty?
Sports Medicine was a clear choice based upon my interests and background. There are several routes towards sports medicine, including orthopedic surgery, family medicine, and Physical Medicine and Rehabilitation (PM&R). I chose the route through PM&R.
PM&R is a lesser-known specialty that focuses on non-surgical management of orthopedic issues. Since the vast majority of sports injuries and musculoskeletal problems are non-surgical, this seemed to be a reasonable choice to serve the greatest number of people.
I currently practice up in Alaska with an orthopedic group, where I treat sports injuries and work injuries to keep my patients active. I perform fluoroscopically-guided spine injections, ultrasound guided peripheral joint/tendon/nerve injections, EMGs/Nerve Conduction Studies, and impairment evaluations for the Worker’s Compensation system.
[FPMD: It's always interesting to hear how different physicians arrive at their chosen specialties, also how different specialties can practice very similarly depending on our training. For example, for some interventional radiologists, fluoro-guided spine injection is a routine part of their practice.]
When and why did you start your blog?
At the end of residency, I found myself over $400,000 in debt. Being in a financial crisis wears on your soul and limits your options in life. After refinancing my loans and paying them off about a year ago, my outlook on life and work has improved significantly. It is clear that financial health can be just as important as physical health. I started my blog in December of 2016 to help others improve their financial situation so that they can pursue their passions and contribute to society without financial stress.
[FPMD: Even for a physician, $400,000 is quite a deep hole to find yourself in. If you haven't already, I recommend reading Live Free MD's post How I paid off $400,000 worth of debt. The short version is there are no shortcuts.]
What is the biggest challenge running your blog while being a doc at the same time? How do you deal with it?
I’m in this for the long haul, so I don’t feel a need to rush my content. At this point, my goal is to produce one post per week, which is certainly manageable even though I am working 50 hours per week on clinical activities. I spend a considerable amount of time, perhaps 10-15 hours per week, reading financial books and other blogs but I have no problem fitting this in at the end of the workday or weekends. Reading, commenting on posts, and engaging on social media is actually a nice break from the intense and harried pace of clinic. This is purely an enjoyable and educational pursuit at this point. I have no intention of monetizing the site in the near future, so I have no conflicts of interest to report!
[FPMD: It definitely sounds like Live Free MD is handling his time with much higher efficiency than I do. Great to hear that blogging hasn't taken too much time away from your career and family.]
What are the top 3 life lessons you have for FPMD readers?
- Figure out what you are passionate about and then go do it. If you haven’t found your passion, keep searching. If you know what you are passionate about but it doesn’t make any money, then gun for financial independence as soon as possible and THEN pursue what you are passionate about.
- Keep yourself healthy by exercising daily and being disciplined with your nutrition. Financial freedom will mean nothing if you aren’t healthy enough to enjoy it.
- Find a way to contribute to society. Many professions, such as physicians and teachers, already contribute in meaningful ways. However, there may be things that feel more meaningful to you than a full time job. For me, this might be teaching a financial education class to high schoolers, writing a book, starting a business, or lecturing on the importance of preventive medicine.
[FPMD: Agree with all 3. Personally I've had my share of troubles with #1. For majority of my adult life, I've been pre-occupied with how I want other people to think about me that I haven't focused on what I'm passionate about. Well I've slowly come into my own and I'm sure FPMD readers will as well.]
Give me 3 blog posts that FPMD readers can visit to get the “core” of what you stand for.
- How I paid off $400,000 of debt. Don’t despair if you are buried in debt. You can annihilate your debt and get your life back on track.
- You need to learn how to suffer. Discipline, attitude, and behavior are more important than knowledge when it comes to financial and physical health.
- How to Earn your Freedom. This is what it’s all about. The freedom to fully pursue your dreams and passions without the restrictions of a full time job. Want to train for an ironman triathlon, volunteer overseas, learn to kitesurf, or start a business? Everything is possible when you’re free.
[FPMD: Be sure to check out all 3. Big thanks to Live Free MD for coming on as a guest. I will continue to follow along his path to financial freedom and I hope you will as well. Stay tuned for our next Future Proof Doc!]
Ryan created his virtual, fee-only practice to help young physicians take control of their finances. As part of a physician family, Ryan knows the pains, struggles and joys that come from a career in medicine. When his wife was in residency, he witnessed how vulnerable she was to poor financial advice that wasn’t in her best interest. Because of this, he shifted his practice to work exclusively with young physicians who could truly benefit from unbiased, quality financial advice. PWS seeks to provide clients with the financial literacy they didn’t received despite decades in school. He offers student loan analysis, comprehensive financial planning (starting at $200/mo.), and investment management (.75% per year) with no investment minimums. Wondering if you can save for retirement while paying off student loans? Click here.