Why So Many Physicians Feel Broke On A Big Paycheck With Scott Jarred

🎙️ 𝗪𝗲𝗹𝗰𝗼𝗺𝗲 𝗯𝗮𝗰𝗸 𝘁𝗼 𝘁𝗵𝗲 𝗣𝗵𝘆𝘀𝗶𝗰𝗶𝗮𝗻𝘀 𝗮𝗻𝗱 𝗣𝗿𝗼𝗽𝗲𝗿𝘁𝗶𝗲𝘀 𝗣𝗼𝗱𝗰𝗮𝘀𝘁 𝘄𝗶𝘁𝗵 𝗵𝗼𝘀𝘁 𝗗𝗿. 𝗔𝗹𝗲𝘅 𝗦𝗰𝗵𝗹𝗼𝗲.

💡 What if the reason so many physicians still feel financially behind is not because they do not make enough money… but because nobody ever taught them how to organize, protect, and direct their money toward the life they actually want?

In today’s episode, I’m joined by Scott Jarred—founder and CEO of INVST. Scott left corporate America to build a different kind of wealth firm, one focused less on pushing products and more on helping people truly understand, grow, and protect their financial lives through what he calls a personal CFO approach. 

This conversation is about a lot more than investing. Scott shares his own story of growing up around financial instability, chasing money, reaching income success, and then realizing that money without purpose still feels empty. From there, we dive into the real physician dilemma: long training, delayed financial literacy, lifestyle creep, fear-based money decisions, and the struggle to build wealth while still trying to stay true to the work that matters most.

🔥 𝗪𝗵𝗮𝘁 𝘆𝗼𝘂’𝗹𝗹 𝗹𝗲𝗮𝗿𝗻:
 ✔️ Why so many physicians feel financially behind despite making a strong income
 ✔️ Why more money does not automatically create more freedom
 ✔️ Scott’s three-part framework: protect yourself, get organized, and pay yourself first
 ✔️ Why many traditional financial advisors miss the mark for physicians
 ✔️ What it means to take a personal CFO approach to your money
 ✔️ How to think like an owner instead of staying stuck in the system
 ✔️ Why your financial plan should be built around purpose, time, and the life you actually want
 ✔️ How better money decisions can create more freedom, generosity, and long-term fulfillment

🔥 𝗞𝗲𝘆 𝗧𝗮𝗸𝗲𝗮𝘄𝗮𝘆𝘀:
 ✅ High income does not equal financial clarity
 ✅ Physicians often feel stuck because they start late and never get real financial education
 ✅ Protecting your earning ability, getting organized, and paying yourself first matter more than chasing the next shiny investment
 ✅ The right strategy is not just about building net worth — it is about building choice
 ✅ Real freedom comes when your money supports your purpose, relationships, and time
 ✅ Wealth becomes a lot more meaningful when it is built in alignment with the life you want to live

If you’ve ever felt like you are doing everything “right” on paper…

but still not building the life you actually want…

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Transcript

Scott Jarred: We had a client, he just sold his, um, pharmacy business 37 times revenue. Freaking awesome win. Uh, and then what we did is we sold it last year. We rolled the money into an opportunity zone. So opportunity zone, then you could grow that over 10 years and pay no tax.

Dr. Alex Schloe: Welcome to the Physicians and Properties Podcast, the show where we teach you how investing in real estate can give you the freedom to practice medicine and live life how you want. Doctor, doctor, doctor, doctor, doctor. Now here's your host, Dr. Alex Schloe.

Hello everyone. Welcome back to another episode of the Physicians and Properties Podcast. I'm your host, Dr. Alex Schloe, and today I'm joined by Scott Jarred who is the founder and CEO of INVST. Scott left corporate America to build a firm around a different vision for wealth. One that focuses less on pushing products and more on helping people really understand, grow and protect their financial lives. Invest describes itself as. Uh, its work is helping clients reach their full financial potential through a personal CFO approach. And Scott's Mission Centers on helping people make money work for them so they can live the life that they actually want. Today we're gonna be talking about what it really means to take control of your wealth, why so many high income professionals and physicians still feel financially stuck, and how doctors can think differently about money investing and freedom.

Scott, so great to see you. Thanks for coming on the podcast today.

Scott Jarred: Yeah. Thanks for having me, Alex. This is great.

Dr. Alex Schloe: Yeah, absolutely. And for folks who don't know, Scott and I 

met at, uh, Kyle Stevenson's Legacy RX conference in Indianapolis. Uh, had an amazing time and uh, really grateful for the connection and the time there. And I really hope that Kyle does the conference again so I can get back out in

Indianapolis to see you 

Scott Jarred: that'd be great. 

Dr. Alex Schloe: Yeah, I'd be awesome. 

Scott Jarred: That was so much fun.

Dr. Alex Schloe: Yeah, it sure was. Well, Scott, let's go ahead and start with your backstory and why you built Invest. So for, for those who haven't met you yet, who is Scott Jarred,

Scott Jarred: Uh, I'm just a dude, I guess just the normal guy. Uh, you know, I, my childhood was kind of rocky at the, uh, you know, my parents divorced when we were very young. We moved to Indianapolis. Um, my mom and dad, my dad was in the food business and working for Steak of Shake and. When they split, like we were very poor and I had a younger brother and sister that was much younger than I was.

So here I am now in charge of the house and we had to move to section eight housing, and I just felt that money was always a problem because it, you, you, you had no control because of the circumstances and you are subject to having to live on someone else's terms. And it was very hard because you, you, you had to stay at home and you're locked in this confined place and if you leave, something bad's gonna happen.

And you know, my mom would go to work at night and come home and very stressed out and how are we gonna get through? So that was just challenging. And so by the time at 12 I was like, I gotta figure this out. And started my own business favor, routing, just anything I could do, hustling, making money wherever I could.

And so I was always entrepreneurial, but I was always chasing money. And luckily I was able to get a scholarship to play. Um, I was, when we moved, I was able to play sports and got me into sport, and then it was like I got scholarships to go to college. And it was really cool because I didn't, never felt like I could ever get out.

And what was happening was every time I would decide to do something, I would control my own destiny. So instead of sitting in it, dwelling in it, what I learned was that I can actually, I, I was actually. Building my own future, whether I knew it or not. 'cause I made a decision that I am not going to sit in the same environment.

I'm gonna change my environment. So as that journey goes, I started realizing that, oh, I can go to college. Well, why not do a master's program? Why not do the best program? And then so I had to talk my way into a program like, Hey, can I get in this program? Well. You gotta have like, uh, you got, we only take Presidential Scholars and all this stuff.

What's your GPA? I was like, well I got two seven. Well who picks? And sure enough, I get into this architecture program, I'm like, wow, I can't draw a straight line. That was a bad idea. So like, you just keep learning as you go. And then finally I make it in a big tech and corporate America. And how great was that?

So I get into that side and um, and then I realize that I get, get into the job. And I realized that it's just not for me. And from there I was like, man, this money thing. 'cause I was always like, well, if I get a good job, then I get enough money, I can go build real real estate. um, what happened to me was I was in that section eight housing.

A helicopter dropped in and I was like, what is this dude doing? What game's he playing that we're not? And he owned all the properties, all the section eight housing. And I was like, man, I wanna be like that guy. And then my mom ended up getting a job working in the front office of, uh, real estate developer.

And I sat down, they had all the plants. They go, this is what you wanna do, boy, you wanna be on this side? And I'm like. So that's all I wanted, but it took money. So I was like, well, if I get a technology degree, then I can make money, get the money. So I was always chasing money. And then when I got, I finally made it, I finally got my income.

I was in the top of this great program. I moved to Tampa and I was, we bought a division of IBM, and I finally had made it. I'm like, this is horrible for me. And I go, what if I could create a business that worked with friends like myself that were chasing it, helped them make better choices? And we did like what we would help in big tech for average everyday people.

And so we called it, at the time it was called Jarred Bunch Consulting. So I thought consulting was the best thing you wanted because we were trained to go work at like. A big Accenture or an Ernst and Young Consulting, but I realized that consulting was overpriced, no value. I was like, huh. And then our, our mission was to educate, guide and counsel people toward reaching their full financial potential.

And that was built in 2003. So that was like literally on the back of a napkin over a couple beers saying that's what we're gonna build. So I convinced my roommate to quit his job first because he was in the financial business. I didn't know much about it. I just knew I wanted to know. And we split my paycheck and that's how this company was created.

So it was never built in the confines of a traditional, like I never had a finance degree. I never went through the traditional way of learning money. I just read books, Warren Buffett, you know, rich Dad, poor Dadd, um, real Estate Secrets, how to Build multifamily housing, like I read so many books 'cause I wanted to understand the game.

And then I would, I would surround myself with other real estate people that were doing real estate. So I got in with my friends that we were playing that back then we were playing basketball and he owns all these properties and he is very young, like, how do you do it? So he starts to show me who he works with.

And that's when I was like, well, let me help you organize yourself, let help you protect yourself, lemme help you your cash flow. And that's when we created our, like what we use now is like build our financial game boards, helping people make better choices. What you would say like a virtual family offices or a full service family office.

Was really what it was, but I didn't know what it was at the time. I was just saying, look, if I can help organize you, help you make better decisions, find money leaking outta your life to create millions of extra dollars, I'll do it for free if you just let me try it. So I'll do it at no cost. And they're like, are you serious?

It's like, I mean I, yeah, and literally I would just create value and next thing you know we got a company. That's literally how it started. So you fast forward to now we're like one of the fastest growing, we're now an RAA and. We have real estate, we've got, you know, this whole cool thing. But it's really about the data and managing information to help people make better choices.

So that's the, the longest Winding, who is Scott? Jarred, I wrote a book on it called Future Hack, but it's literally that you're hacking your future every single day. So if you don't like the environment you're in, well think about it in another way. Like what would the environment that I'd want to be? So think about what your future would be, and if you could design that.

That's what it's, so if I'm gonna help you reach your full potential, well the first thing I do is I gotta teach you how to think about your thinking and think about where you want to go. So when you go through our program, all I care about is why. Why do you want it? Where are you gonna go? Where do you see yourself three years from now?

Where do you see yourself 10 years from now? If you were dead, heaven forbid, what would they say about you? Would it be a life of significance? If it's not, why don't we do that today? So when you get your mind in the framework, 'cause your mind is over money. So then if you think about it, so in future hack it's like how do you build a better mind?

Start with your why. Understand your data. How do you make financial choices? That became what invest is today. So that's like the whole thing in one scoop, but it's in the book.

Dr. Alex Schloe: That was awesome. Yeah. Well, I think something that's so cool that hopefully folks picked up on is how many times you changed your environment that set you up for success, and how many times you kind of surrounded yourself with the people that you wanted to be around, um, both in books but also in real life and how that created the life that you live now in the company that you built.

I also love that it was a couple beers in back of the napkin. I feel like that's where all

great companies start from,

uh, which 

Scott Jarred: it does.

Dr. Alex Schloe: Yeah. Scott, I wanted to

ask about kind of that mountaintop moment that you had. You, you guys purchased that division of IBM. You were like, Hey, I'm here.

I've, I've hit my financial goals, or at least my income goals, but it sounds like you didn't really feel fulfilled. What was that like for you? I think a lot of physicians feel similarly sometimes where they finally get into med school, they finish residency, they start getting that attending paycheck, and then they're really in that day-to-day grind of being a physician and they're like, man, I am,

I'm just unfulfilled.

What was that like for you?

Scott Jarred: very similar. Like you're stuck in this corporate shell. To me it was like all you're gonna do is you're learning technology like you're learning. Language that works within the corporate world. So like, like I learned, I love at TI think it was the best experience ever. Best thing I ever did. I'm so grateful they gave me the shot because it taught me a lot about how to be a businessman, how to understand like the Bell system, the Bell Labs, you're talking to one of the largest, most successful companies of all time.

So successful, they had to break it up and keep breaking it up to keep it going. It's still alive, like you're just getting shot in the head every day and. Still one of the top companies. So you're like, wow, this is cool. So we really structured our company similarly to the building blocks of what at and t did.

But the thing is, is that where would I be? So if I started thinking about my future, and if I was thinking, okay, if I'm that person 20 years later and someone like me came in some young kid and just took my job, what would my life be like? How significant would it be? And what are my skills? Well, I know.

All this lingo, my relationships are only inside this company. And it was very hard for me. So like to me it was like my souls topped out and really, did I make any difference? Did I make anyone better? Like that's why I never really wanna do the big consulting route either, but, but if I can work with average everyday people that can work.

So on the physician world, flip it around. You already are in care, like you're helping people do better. So like if I wanna make money work for people. So I think health and wealth goes so close together because if you're not healthy, what gives the money? And I was like, you need, and I always thought there, you need two kinds of people in your life, A really good physician and a wealth guy.

You got those two, you're good. And I'm like, well shoot, I better pick one. I definitely don't know health. So maybe that was like really where I was going with it. But in the end, the, and so when I got to Tampa. Tampa, the, the, the consolidation hadn't happened yet, like it did, like here in Indiana where I'm at now.

And, and so I was working with real estate people. So here's the problem with real estate people. They're always broke, like always. So it's either they get money and then they spend it real quick. Business owners, they're always that until they have a liquidity event. But you know, who's got cashflow physicians?

So we start a residency program. So I started working with residents and they don't understand money and they're inside healthcare systems and I'm like, what do you want? And they go, well, I just wanna do patient care. I wanna help my clients, but I also wanna be rewarded for it. So it's like, well, why don't you become in the business of medicine in that way?

So what was happening is it's that same confines. The confined structure, but you gotta see so many more patients. Your quality of patient care goes down and then your soul's ripped out because you can't do anything that you really, why you got into the business in the first place to help people and now you're being dictated by big insurance companies, regulations and things that has, has ruined your quality of care.

Selling drugs, pushing products similar in our business. 'cause you're not gonna survive if you don't. Increase your patient, do your procedures and all that stuff, and now you're, you're a cog in the wheel of the system. And so either you stay in it or you say, you know what? I'm not doing this anymore. I'm gonna break it.

I'm gonna change the industry, which is what we did. So that was the dilemma I was in, and I could see it every day. When the physicians come in, they're worn out, they're tired, they're frustrated, they're trying to find a better way, and I'm like, all right, clear the noise. Focus. What would it look like if I give you a perfect white canvas?

Tell me what it would be.

Dr. Alex Schloe: That's amazing. Yeah. It, it is so true. The, the amount of burnout, the cog in the wheel to see more, do more with less resources, just to keep your

income where it is, you know, not necessarily to even generate more income is, is so frustrating and we're seeing. Tons of physicians who are starting to really get into real estate and entrepreneurship and starting their own practices again, and those sorts of things.

So it's so cool to see physicians that are breaking the mold,

like what you did. Um, I think, you know, a lot of, uh, a lot of it, it comes down to the fact that like, we just don't get much financial education. I mean, I got none of it while I was in medical school. And, uh, now that's kind of changing and I'm so glad to hear about.

Invest RX and the things that you guys are doing with residents in order to help, um, get that financial literacy. But why do you feel like physicians still feel like so behind stressed or uncertain despite making good money? What's kind of come up as you've talked with more and more docs? Mm-hmm.

Scott Jarred: first of all, um. I've like, so in my cr like in in financial world, you can go to school for four years and go start. So they've already got a head start on you. So most people are getting out. So a physician, you gotta get med, you, you gotta go through medical school. Then you got your residency fellowship, and by the time you actually go and then you gotta work your way up to partner or whatever.

And then you gotta keep up with the Joneses 'cause mama wants a new house and you got the kids and you're like already in there. And that is, that is you're already behind the eight ball. And so the reason why physicians get into real estate isn't 'cause they like real estate is 'cause they want cash flow, they want sensitivity.

They don't want to be controlled by the system. They don't wanna be cog in the wheel. They want to be able to control their own destiny. So they're trying to find other ways to get passive income and that's why they're attracted to real estate, most of them. Because they didn't, if they were attracted to real estate, they would've been real estate in the beginning.

They wouldn't have went to the medicine. Like, it's just pretty simple. They're now changing their unique ability, which what I wanna do is take our clients bo unique gifts, what gives some passion, what drives their, their inputs to do something, not focus on something that gives you your chasing something again.

So, but if I could teach you the business of medicine, do that well and own medical real estate, own surgery centers or whatever your business is now. You're doing your passion, you're making a difference. You're helping the people that you wanted to serve in the first place, and you do it in that way. So that's where our clients are coming in.

So we help 'em build out their surgery centers, build out their practices. It's David versus Goliath. How do we compete against the big boys? Get insurance reimbursement, build our own healthcare platform, do functional medicine, whatever it might be, and we're creating a new dynamic and solving the problem.

Longevity. That's the problem. People wanna live longer. They're not. The system's broken. Fix it. It's a huge opportunity. And so now you're like, oh, I never thought of it that way because we were trained. You go to school, you learn a bunch of stuff, and you're trained to go get a job in a healthcare system.

That's what they want because that's what it is. Which is perfectly the system. That's the system. It's what it's set up for. Great. You signed up for it. So either you wanna do it or you don't. And if you don't, then what do it look like? If you could design the life, and to me that is the investor's dilemma.

That is the physician's dilemma. That is what my dilemma was. And I can see a parallel. That's why I was so excited to work with physicians start the residency program and the ones that worked with me. Are making a lot more money than they were the ones that didn't because they're in business of medicine.

And it's so interesting to see how we've done over the last 20 years, the ones that are now, you know, in, in their career and how much more successful they are. Then the other ones just because they still gotta do their practice, but they have some ownership and they still have the real estate, they have all these things, but they did it in a way where they designed what they want, not chasing someone else where, Hey, buy my real estate stuff, you're gonna get rich.

That never works out. Right. It's, it's you doing it. I mean, I wouldn't say never, but a lot of things have to work out for it to actually work out.

Dr. Alex Schloe: Yeah. That's great. And you've been working with physicians for a long time. It, you know, folks might have just missed that it's been 20 years that you've been working with some of these folks, and I know you've had a soft spot for physicians for a long time and really love working with them from a client base.

What are some other things that you've seen that have been common themes amongst physicians who have either come to work with you initially that they. Really, uh, maybe struggle with from a mindset perspective or what, what have they learned as they've been, as they've been working with you at Invst?

Scott Jarred: So there's th three things they gotta do, and, and a lot of 'em get outta order. First of all, you gotta protect yourself like you're your goose laying golden eggs. If you ensure the eggs not the goose, that could be a problem. So the first thing you do is make sure that if you're a unique specialist, that you're ensuring your ability to do your role.

And there's a big disconnect on the way you protect your. Asset you like what you're doing. So first of all, you gotta protect yourself because if that stops, then nothing happens. You gotta get organized. So you gotta organize yourself and get clear on what you want. Uh, because when do you actually get to sit down and think about what you want?

You don't because you got, you got, you're, you're, I mean, you're at the office, the first one, you're the last one to leave and it's every day, all day. And it's not like life stops. So that's good. That's how they keep you on the wheel. 'cause you never get to slow down to think about what you want and then you gotta pay yourself first.

So what happens is it's the lifestyle creed. Well, I can't pay myself first. I got my student loans, gotta pay all those off and I need to get a house. And I, I'm, I'm so trying to catch up, but the problem is compound interest really does work. So if you took a percentage of everything you made and saved it first, or invested it first, paid yourself first and then figured out the difference, but that's not what happens.

The physicians is make, are making decisions because they don't like debt, I'm afraid. And this, and it, and it may be true, may not be true. So what you gotta do is you gotta have a way to be able to decide is. I if you're making decisions outta your emotion, not outta logic. So how do we make the logical decision?

Understand your emotions? 'cause messing with your money is like messing with your emotions, right? So how do you make sure you make the best decision, but you have no experience managing money and now you got money. So that's the dilemma. So it's not only did you get started late, you got all this catching up to do and you're trying to accelerate down versus.

Paying yourself first, organizing, protecting the golden goose. And then we start to build up. And then that's when we start to accelerate down debt over a long period of time. And that's what you're doing. So if I can help you understand from option A to option B, but that to me is a lot of it because they don't understand money, they're afraid of it, and it's, um, they don't wanna have to be subject to the, the system again and be in a situation where they're not just like I was when I was contained in this little house.

Like, I wanna get out, I can't get out.

Dr. Alex Schloe: Yeah, I think, I think that's huge. And I think a lot of times physicians are really scared about being preyed upon by some of those different financial services and products that may exist, or, uh, advisors, uh, that, that, you know, really are kind of, uh, peddling things and aren't too terribly beneficial 'cause they want to commission or something like that.

So how do you feel like, um. I know we've talked about before, kind of the traditional advisor services approach and what that's like. How do you feel like invest is different than that and more geared towards physicians?

Scott Jarred: I'll tell you what's funny is when I was at at and t, these financial advisors would call me and wanted to help me with my money. I couldn't get off the phone fast enough. Like I just felt like I wanted to vomit in my mouth. You know what I mean? Like just like, and that's a little aggressive for a podcast, but like I just felt the most, I mean, granted, I grew up in the hood pretty much, so you can tell a shark pretty close when they walk up to you is like, that's a bad dude.

And you just felt that their intent wasn't about helping me, it was about selling a product and disability insurance provisions or whatever, but I just felt this amount of distrust in it, and I was like, the last person in the world that I would trust with my money is you. Because first of all, you don't have it.

And then it's like, how are you gonna help me with my decisions when you're not even. Asking me the right questions. And so to me, that was where I, that's where I saw the opportunity. I was like, wow, this industry is wrecked, man. There, there's some product, they're, they're looking for commissions, they're pushing products that aren't even set up.

The insurance companies really just wanna make money. Um, the financial companies just wanna charge you on something. The data, the information company. So if you use a, a FinTech or a, an AI platform or something, they just wanna sell your data. So everyone's on an agenda. I was like, no, no, no. I wanna represent the people.

Like I wanna work on their side of the table to help them make better choices. Because someone helped me one day when I was trying to learn and they said, Hey, I'll help you get into sports. Like, why couldn't I do that for people and money? So that's why I'm like, how can you just authentically say, these are my core values.

How do we help you design this future you love? And then help you understand here's how money works from a fiduciary standpoint. So that way you understand where the hidden commissions, fees and risks and all that, all that, where all those things are locked in. But if you don't have the tools to uncover those decisions, then you feel like you have no choice and then you try to do it yourself, which becomes even worse.

Um. And then it's just a vicious cycle, and then the fear of doubt, and you just keep going through this cycle. It's like going to, alcohol is anonymous over and over and over again. It's like trying to get out of it, but that's like the fear of money. It's like you keep going through and it's like, it's just this investor's dilemma if you look at it that way.

Dr. Alex Schloe: Yeah, that's, that is a great point for sure. And, uh, I think that one thing I, uh, I like that I've heard you talk about is kind of personal economy in the financial game board, uh, strategy. What does that look like for folks who are trying to, to get started, um, and thinking about a different way about money?

Scott Jarred: Yeah, so what was interesting when we started invest, I was like, how do I do it? 'cause the traditional in investment firm says, well, I'll help you if you got like 500,000 bucks. I'm like, okay. So you're not a wealth builder. You're basically a. A partner of mine, I built the wealth. So you just wanna get your cut?

Is that okay? Got it. Uh, so like, I'm like, I wanna be in the wealth building business. I don't care. I don't care if you have money or not. Well, you're a physician, so you did some work. Uh, do you love your family? Yeah, I wanna get family. Cool. Are you abundant minded? Like do you think you could do better?

Absolutely. All right. Cool. Sign up. Do you have, do you have money? I don't care. So I can go to a residency program and start there. And you would do the same process you would do for that doctor? That you would for the client? The one that I helped that built a whole healthcare network and sold it for a billion dollars.

It's the same exact process. So we get 'em organized and we make sure that they can pull up everything they have and understand what they have. And so we aggregate their data so you can see your personal balance sheet and, and then from there it's organized properly. Most people don't even know how to organize their, their dollars, right?

And so remember I wasn't very smart, so I had to like break it down like for like a 5-year-old. So like, it's only like, there's only 19 things that you have in your life. There's only four ways to protect. There's only so much savings. So if I have a protection, I got my balance sheet, and I've got a p and l.

Now you can look at things four dimensionally, but every decision that you make has an interface. It like it pulls off. So I put money in a 401k. Well, you actually have a deferred liability. You're building a, a more deferred liability and you can't take it out to your 59 point a half. Yes, you save some money on cashflow because you don't pay the tax.

It is protected because it's protected, but then again, you don't have any money that you can get to. You have to wait till 59 and half. So that is. Locking up your money. Now, if I could say instead of doing a 401k, what if I put it into a savings account and after I built three to six months liquidity, then I have a year of liquidity and then that money's working.

But yeah, then I would've to pay more in tax. 'cause I couldn't defer it. So I have a new tax liability. It's, is it protected? Well, no. Not unless I set it in a family trust or put it in an LLC or a qualified wage account. So option A is qualified plan, option B is outside. Then you go, well, what if I then wanna buy a piece of real estate?

Well, if the money's outside, couldn't I then take a loan against my investment portfolio and then buy the property, and then cash flow the property, then restructure the debt on the property, create cash flow, then put that money back in, and then, oh, by the way, I get a tax benefit. Oh, never thought of that.

So then, oh, I could, so it's not the same then, then I can write off things that I wasn't able to do before. So what you're doing is if you're a resident or you're first year, second year, fifth year, a hundredth year, whatever, in the business, it's the same methodology. But what you're doing is it's like you're not gonna diagnose a patient without the X-ray or the MR mri.

Why aren't we doing that for your personal life too? But we're not, you don't have the tools. So in our book, accelerate it shows like this is how you organize yourself. But if you go to like mint.com or you go to any of these other platforms. They're not trying to organize you for that. They're trying to sell you something that's not what they're doing.

You need to be able to make better decisions. So it's like you went to school to learn how to diagnose a patient. Look at the MR mri, look at the CAT scan and make a diagnosis. Same thing. I'm looking at the cat. Here's the x-ray. Now, do you understand the x-ray? Okay. I'm gonna walk this real slow for you.

Option A is 401k. Option B is, we're gonna start saving outside of 401k just so you can build some liquidity up. What's that look like? Option A is pay off student debt quickly. Option B, don't pay off student debt. Pay it off slowly, over a long period of time. Does that make sense? So now every decision you're making, you're making a decision based on option A to option B, and what's the output from where I am today?

Where is it going in the future from four dimensions? Am I protected? Am I building more assets? Do I have liability in my cashflow? There's no system that I've seen that can actually do that and help you in all those areas and help you participate in cashflow real estate, because if you work for an investment firm or a bank or a broker dealer, you're not allowed.

Why? Because it's not an approved product. So I'm like, well, that sucks. 'cause all the people I know of money have businesses in real estate. Like, why would I wanna play a loser's game? Like, so I'm like, all right, here's the deal. We're gonna be an ra, we're gonna help you on those decisions because everyone I know has a business, which is what I want.

I wanna own real estate. And so do they. So now I sit on the same side because I'm doing it too. So ask the financial advisor, what do you do with your money? Show me your financial game board. Show me your plan. 'cause I would walk out there with my broke money and I'd say, look, here's mine. I know I ain't got nothing, but I'm gonna do this, but I'm gonna do this for you.

And they're like, you're an idiot man. All right, fine. You're gonna do it for free. Yes. Let me help you. And then that was it. And so you add value, you build wealth, you add value, and success comes. And that's how we built the company.

Dr. Alex Schloe: That is awesome. I want to talk about adding value 'cause I think that's something that you guys do so well. Um, but when we were in Indianapolis, uh, Scott and, uh, Invst team had us in their, in their box right on the end zone of the Indianapolis Colts, um, uh, game. And it was absolutely incredible and I think that that's something that you do.

And I know Kyle was talking about the Indy 500 and some of the other events. Obviously definitely a sports guy, but I think that something that you guys do that's so cool is you, you really. Go the extra mile to provide value and have these like unique, incredible experiences for folks. So let's, let's talk a little bit about that.

What is that like to, um, go the extra mile? How have you seen that impact business for you, um,

going forward? 

Scott Jarred: So, um, yeah, it is funny. People are like, oh man, you got in all this stuff. It is like, not really by design. Okay. Like I. It because you gotta remember, if you go back to my, my journey, like. It was a basketball coach that picked me up and got me shoes to play basketball. It was the football program that showed me that, hey, you can get outta this by playing football.

So if I'm sitting there, when I was in Tampa, we used to work with the Bucks and Tony Dungy was there. So I would, I just had a passion for helping those athletes because I knew that they were in the same situation. They were coming from nothing, and they were building it up, and their success rate was zero, basically.

Like they all go bankrupt. They run outta money. So I was just like. There were friends, I could talk, I could, I could relate to them, to the, what they're doing. Um, and so I was like, I, I would like to be a hero to 'em. So like, I was like, so I'm gonna help athletes because that's what I was, and, and I just thought that I love the game.

I love being in it. And then, and then I like physicians and I like business owners. So I was like, I'm just gonna build a company that works with them and my friends, because that's what we are, right. Um, that being said here, you're gonna, the bucks, you're picking up game checks back then and you're putting 'em in.

And then by the time the summer comes around, I was the pawn man, like, Hey, can you help me with my motorcycle and my diamond rings and all this stuff? 'cause I'm outta money. 'cause the, the, it stopped. I was like, y'all need some like financial literacy. So then, um, so I got an N-F-L-P-A and next thing you know, um, Jim Mercey passed away here at the Colts.

And then Carly's like. She was in YPO with us and stuff, and, and, um, there, when Tony came here, he had created this program for the players. DT was running it and sure enough they said like, Hey, would you guys be interested in being a wealth partner of the cold? So I'm like, seriously, like to be really cool.

And, but you gotta remember, we had already worked with all, a lot of the players we've had built history. So it was a 20 year in the deal and it was just such an honor to be able to say that because I. Just love the journey. I love the stories. I love the underdog story. The IndyCar thing was a different one.

Um, so in IndyCar we had a, uh, a driver. So we have a, the sports agent, see that we help build up and then go and, and I don't know if you know about IndyCar, but usually the drivers are broke. Like they have no money. So it's like literally they're just trying to find someone to sponsor their next deal. So Jack Harvey was just an old farm town kid that.

I wouldn't say old, but um, he is kinda old now, but he was, um, a farm town kid that really came up from nothing. Like you think, oh he is IndyCar driver is loaded. It's like, no, we actually go kart in a farm town and outside the UK worked his way up, could have gone Formula One, one got second place Indy Lights and makes it in Indy five and two IndyCar.

And then sure enough his sponsorships just got taken by teams and, and things went there. So he comes in as Zen Invest, he's like, yeah, I don't know what my next step is. So we started helping him. He is like. Do we, do you want to help? Help me get on my cars. I don't know what that means, man. That's like how billionaires become millionaires is what I, what I understand about IndyCar.

And um, so then Dale Coy comes in and he's like, Hey, it is like the worst team in IndyCar. He is like, Hey Sonny. He's like, I was like, I was like, dude, the race, you start in two weeks. He's like, you know, some money's better than no money. And I was like, this guy's the biggest redneck, crazy guy ever. I freaking love him.

Like I'm in, man. So. We did it. I was like, what a great experience that you could go take someone down on a, on a track, see cut rubber, this dude's an underdog story, and you, you can bring your clients down and then they can get on the car too and tell their story through the car, the experience. So think about high level experiential events that you don't usually get.

I was like, wow, if I'm gonna do an event, I don't wanna go do a lunch and learn or some like hotel. Let's go to the track, man. Let's go to the Colts game. Let's, let's have fun with it and let Jack Harvey tell the story. Let. That person because guess what? He's now on the track. He's the fox commentator. I was like, dude, you're the face of IndyCar.

I gu. And he is like, what do you mean? I was like, no, I see you as the face of IndyCar. He is like, what do you mean? He's like, dude, Fox is coming into IndyCar. He's like, what's that mean? I was like, that means we need to get you on the commentating. You should be commentating. And he, and he is like, well, I thought about that.

He kind of approached it to me. He is like, what are we gonna do? He was like, we're gonna go to the super bowl. What do you mean we're gonna the Super Bowl? Well, we're gonna take our IndyCar to the Super Bowl. What? Like Yeah. And then my wife got her uncle to go and interview Jack on a Fox affiliate out of Pittsburgh.

And sure enough. go into our hotel and there's Fox. We walk down on the no credentials, just walk right in and start talking out Fox people. Within a few weeks, he's now a Fox commentator. And then so now Inves has Jack, Jack, Hollywood Harvey running the in Inves car in Indy 500. We were in fifth place for a good chunk of the race.

And then his brake went out of course, but that was fun. And then this next year we're running it. So imagine bringing. Your most high level relationships, they can come in. So we have a medicine day. Uh, so we have CEOs and executives from healthcare coming in, learning about, um, medicine and, and the sport of medicine and, and so with one of our sponsors.

So now we can do, we did a real estate summit. Uh, we did an investor day. So we had like Angelo Piza that Rudy and Hoosiers, and he's doing a, um. Working on any 500 movie, like how movie finances, work, home field apparel. They're big at iu. So the guy started designing stuff in his house, so we helped him with his capital stack.

And so he does all the apparel for the 500 and like what that business is like. Um, one of my friends, his family was a part of the Holman family that sold the tracks, so he was. Generation three. And he used to run it before he sold it to Penske and he created a, a ski that's got shocks on it. So 

Dr. Alex Schloe: Oh sweet. 

Scott Jarred: So like, so we have this investor day with all our friends, some about these great ideas and these businesses that are transforming industries. So, so that's a fun event. So does that make sense? So like, think about awesome engaging events. With the people like sports and physicians and business all together, and we're, we're creating, we're experiencing together and then we're creating just like what we did with physicians Rx, you come in, we teach, and then we have a, like, have like the football player come and tell their story and say like, that's your mind over money game.

And, and, but if I can get you to experience something and say, look, no, that guy was just a dude just like you or us that was there and the guy who owns the team. Is the same too. And now you're getting a, an experience. You can say these are just normal people that have designed a life that they love.

That's all we're doing. So now the clients have more connection to that, and then they can say, oh, I can do this. So think about this tribe, this following of abundant minded people at love and wanna win. They're abundance. They're like, they're a different type of person. Like they're not thinking about, what can I take from you?

What can I get? They're givers, not takers. That's what the invest community is all about. That's what I want to be. I don't wanna be with people that aren't like that. So I'm like, I wanna build it with my friends this way and that the whole community grows. We all win.

Dr. Alex Schloe: Absolutely. I love that. That is exactly how we feel too. Uh, the Go givers one of my favorite books by Bob Berg. A si very similar mindset of course to that. And, you know, that's, that's how we got started investing in assisted living was, um, and some other real estate, uh, that we do. But it was like, hey, I, these are just some of my best buddies and I want to keep doing life with them and growing with them, uh, as we build this company.

And we're just gonna try, you know, our goal through, we have an assisted living mastermind called the Rail Room and our goal. Through that is like, Hey, how can we empower a thousand entrepreneurs to open boutique luxury assisted living homes that are gonna take exceptional care of grandmas and grandpas?

And we're like, there's such a huge need for that. And I think, um,

something that's really evident in what you've shared is like, there's such a huge need. You feel this calling, you're getting so fulfilled in what you're doing. Um, and compare that back to like. Corporate America, Scott, and, and where you were there.

And it's so cool to see you living out that dream and having that mindset and doing that. So I would encourage folks who are listening to this, like listen to what Scott said about mindset and, and, and the ability to like, create the life that you wanna live. No matter how big that is, you can do that.

And so it's, uh, it's really exciting to to share that.

Scott Jarred: absolutely. It, it really is. And when you think about. If you could do your unique ability, unique ability is important to understand. It's something that you can do that you would never get tired of doing, that you could go and never, and you just keep that excitement. If you could find that in your.

That's purpose, right? That's your so freedom. There's four freedoms in your life and purpose is one of them. And 'cause if you can't live your unique ability then, then it's a drag. It's like getting outta bed and you didn't get a good night's sleep. It's like, I can't do it anymore. Like you have no energy.

But it's like if I'm going on vacation, like let's go. I'm up and I'm ready to go. Like my kids are out of bed. I was like, why don't you guys get out of bed? Well, we're not going on vacation because you know. So purpose, but you want freedom of your money. You want freedom of your time. 'cause money gets your time back.

So like if you don't have money, then you can't do time. Why do you want time to spend it with the relationships and the people that you love so you can live your bigger purpose? So like every person that comes into my office, and I've met with thousands of people, thousand, all these different doctors, because I like to work in it because I was like, how?

How can I help a million people be free from. Financial worry and actually achieve whatever their potential is. It's not for me to decide, it's for them. So like if I give 'em the tools and secrets that I learned in the hacks, the shortcuts that they would like to see, and little simple tools, those hacks, shortcuts and tools that they can help them, how much more, how much better would that be?

For me selfishly, because I get to experience their success by watching them succeed. It's cool. It's like seeing, taking your kid to Disney World for the first time or taking a new person to the Indy 500 and see their head pop off or like we did get a sit on a field suite and you got the players jumping into the suite saying, what's 

Dr. Alex Schloe: Uh, amazing. 

Scott Jarred: They love us because why? Because we are literally authentically here for them. And so to me that's just like, that is just like all like, it's like I don't even care. Like the money is not about it. That's purpose living right there. So to me, but I never went for it for money. I always went for it for value.

I was chasing money. But once I realized I could add value, the money just came. So then it changed my mindset that I was like, I can be a giver. And somehow the world of abundance just works.

Dr. Alex Schloe: Yeah, I, I love that. That's so true. I, I had kind of a similar upbringing, not to the same degree as yours, but there was always this, uh, attention amongst finances. My family also divorced and it was, yeah, it was this drive and this motivation for me too, of like, I never want my kids to feel that financial tension.

That financial stress always wanted to be a doctor, and at the time, doctors made a lot more money than they did now. It was, uh, it was like, Hey, how can I go after that path? And through that, you know, my life has, uh, changed and, and so forth. But it's, uh, it, it's so true to see that like once you kind of break the shackles of, of money and like that need to like keep all that you have and not give back 'cause you're scared that you're not gonna have enough for whatever reason and you start giving more, like, yeah, you're right.

It just flows right back to you and you feel so much better and you have that purpose. And, and that's what I think folks are really chasing is that purpose

over prop. The prophet's gonna follow. And so I love that. We started recently, um, probably about a year and a half ago. We were just like, yeah, we're, we're giving to the church and we're giving to, you know, um, young life and some other, you know, Christian nonprofits that we love. And um, but we really wanted to just like start a giving account so that when you have those moments. That come up where like, Hey, someone's car breaks down. You can just be like, yeah, here's this money that I've already earmarked that gets pulled out of my income. And I, I feel no attachment to that money and I just want to give that away.

And so that's something that we started doing as a family. And gosh, I love it. And it's been so cool to see like,

uh, a. My buddy leads young life and he is like, Hey man, uh, the, we're we're $500 short for the bus to take all these high school kids to camp. And I'm like, yeah, here's 500 bucks. And, and it, it was like, it's just so cool to like be able to have the opportunity to do that and to impact folks, but I think you also have to think about your strategy and how you're gonna set up your finances to be able to do that.

Um, but uh, yeah, it's just, that's when you feel most fulfilled.

Scott Jarred: It is so funny, like, 'cause we had a client, he just sold his, um, pharmacy business 37 times revenue. Freaking awesome win. Uh, and then what we did is we sold it last year. We rolled the money into an opportunity zone. So opportunity zone, then you could grow that over 10 years and pay no tax. And uh, the problem is it was last year, so the tax is actually due in 12 months.

So then we set up a charitable fund. So then what they do is you can donate the money into the charity, and then the charity then pays the income to the actual, to the charity or choice. And you do it over, um, a like, I think this one was like a 15 year period, but then you can manage all the decisions inside the, the trust.

And after the, the trust time is over. Now you can have back the assets. So it was like a triple whammy to offset taxes. So we could either. Pay it or we could use the charitable side or we could keep it. So it's about that game board of looking at tax code. How do you own it? How you can move things around on the game board to see, well, if I'm gonna give it anyway, I might as well give money to the charity then to the IRS.

Or if I could defer it, then I could build like Warren Buffett did. He is like, I'm gonna build, I'm never gonna pay my dividend. I'm gonna let Berkshire Hathaway become the biggest company and then right before it's there, I'm gonna give it away the whole thing. And then I paid no tax. Like it's unbelievable.

Yeah.

Dr. Alex Schloe: Yeah,

it's amazing. Yeah. I'm reading Poor Charlie's Almanac right now, and it's been

so cool to learn about the Buffet, Charlie Munger

relationship and how they structured things. It's uh, it is incredible. That is awesome. Well, Scott, I wanna be respectful of your time. Um, and so how can folks reach out to you, learn more about invest, uh, and uh, and connect with you?

Scott Jarred: Uh, it's, you can email me anytime. It's Scott at invst, uh, we can't spell, so there's no e, so INVS t.com. Scott, with two t's. Uh, that's my email, so feel free to hit me up. I'm always available. And then our website's, invst.com. And on there there's a quiz you can take if, uh, that a freedom quiz and it, it goes through our six principles.

Um, I don't know if you've ever read Elon Musk's book, which was really cool and I didn't know this at the time, but when I wrote Accelerate. I was like, could you have financial principles that would stay in the course of time no matter what? And so he talks about the algorithm. The algorithm is principles based thinking first, and then you move into faster and, and, and I'm like, oh my gosh, like, so accelerator is the principles.

So in there, there's six key principles and then you can go through it. You could tell you where you're at on the six principles, and if you got a flat tire here or wherever. So it gives you a framework to be able to think through that. But it's everything that you'll see like in like, like, like so poor Charlie's Almanac is rules, like you're talking about value-based investors.

These are the rules that Mel, the who's do your job, right? So a lot of that buffet ISS that are in there, and Charlie Munger, because that's just your investment thesis and like they have theirs. And so it's in that. So, so if you go on the website, you can go through that journey and see where you're at and if you say, Hey, gimme the game board.

Then we can engage with that. And like I said, just take it, man. See what you can learn. If we can help, great. If not, we're here to exist. So just think of it just as like you're just, we're just being, we're all looking at winning. And if there's a way for us to help you in some way, or there's a product or service that we can offer, we'd love to.

But if not, here's all my stuff I can give away for free. It's there.

Dr. Alex Schloe: I love that. Thanks, God. I really appreciate it. This was a great conversation and I think a lot of docs who are listening are gonna resonate with the idea of, hey, how we really have to take control of our financial life. Uh, I appreciate the, the way that you do it, man. I love, uh, your mindset and your ability and your abundance.

And so thank you so much for your time,

Scott, and, uh, hope you have a good rest of the day.

Scott Jarred: You too. Appreciate it, guys. Yep.

Dr. Alex Schloe: Hey, real quick, if you're still listening to this, I'm assuming you got value from it, so I need your help. Specifically, my two year vision with this podcast is to help 100,000 physicians learn how investing in real estate can give you the freedom to practice medicine and live life how you want. There are two main ways that a podcast grows.

One is the ratings and reviews and the other is word of mouth. If you can please leave me a five star rating and review on Apple Podcast and Spotify as well as send this to one to two friends that you think would get value from it, we can reach the physicians that we want to reach. Thanks in advance and talk to you on the next episode.

Please know any information sharing on this podcast on this. Guests do not necessarily reflect views the Department of Defense or the United States.