Episode 293: Avoid These Common Mistakes When Buying Your Second Home - With Jeff Chisum

MONEYFITMD PODCAST

Dr. Latifat is the author of the Amazon bestselling books Done With Broke: The Woman Physician’s Guide to More Money and Less Hustle and The Power to Choose: The Woman Physician’s Guide to Financial Liberation and Life on Your Terms. She is also the founder of MoneyFitMD, a financial empowerment platform designed to help women physicians achieve financial independence without sacrificing their well-being.

In this episode, she is joined by Jeff Chisum, a seasoned Loan Officer who is dedicated to helping families build their financial legacy through real estate. The conversation explores topics such as the common mistakes and misconceptions clients make when purchasing a property.

Key Takeaways:

1. Opportunities and interest rates are both temporary.
2. Education is essential to create opportunities.
3. Credit Unions offer lower rates.

Timestamps:
00:01:10 why she’s talking about short-term rentals
00:02:44 what “passive income” really looks like
00:04:00 the difference between emotional and strategic investing
00:05:35 red flags when evaluating real estate deals
00:07:20 what she learned from coaching clients with regrets
00:09:55 the importance of asking “what problem is this solving?”
00:12:30 the pressure to copy others’ money moves
00:14:05 what people misunderstand about wealth and freedom
00:16:22 why buying real estate isn’t always smart
00:18:10 how to check your motives and long-term vision
00:21:40 tools and questions to assess financial decisions

Connect with Jeff Chisum:
🔗https://buildfinanciallegacy.com/

Connect with Dr. Latifat:
☎️ Book A Call: https://www.moneyfitmd.com/call
💡 Instagram: @moneyfitmd
🔗 LinkedIn: https://www.linkedin.com/in/dr-latifat-akintade-0137b5200
📩 Email: [email protected]
👥 Facebook Group: https://www.facebook.com/share/g/164eQz53kD/
💸 You

The 3-Day Physician’s Financial Breakthrough Solution

Turn Your Current Clinical Income Into More Money, Peace of Mind & Freedom—Without More Work

July 7-9, 2025 | 4-5:00 PM PT | Virtual Live Event

Cost: $0

Join our FREE workshop for women physicians who want to master how to earn more, spend better & grow their money without working more hours ⬇️
https://www.moneyfitmd.com/flp

Click Here to Secure Your Spot for the 2025 Wealthy You In-Person Gathering.

Ready to explore the transformative power of sabbaticals?
Download the free Sabbatical Guide at Moneyfitmd.com/Sabbatical and embark on a journey to financial freedom and personal growth. Share the link with your fellow physicians and join the movement to normalize taking pauses for a healthier and more fulfilling life.
If you are a Hardworking, Busy Woman physician who wants to get good at money without wasting more time sifting through the internet. This is for you. https://www.moneyfitmd.com/guide
We are social:
Facebook: https://web.facebook.com/MoneyfitMD/
Instagram: https://www.instagram.com/moneyfitmd/
Youtube: youtube.com/@moneyfitmd