A Life Well Lived: A Physicians Guide to Wealth

Ep4: Locums Lowdown—Deductions You Don’t Know You’re Missing That Could Cost You Thousands

Episode Summary

James Nutter and Jeff McPherson are joined by CPA Matthew Barczak to break down powerful 1099 deduction strategies every physician should know.

Episode Notes

1099 income can open incredible financial opportunities — if you know where to look. In this special edition of A Life Well Lived, James hosts a live IM Wealth Masterclass featuring CPA Matthew Barczak, who partners with over 200 physicians nationwide.

Together, they dive deep into the tax strategies most physicians miss — from family payroll hacks to the Augusta Rule — and how to stop overpaying Uncle Sam. Real-world physician questions, practical case studies, and a clear call to action to help you stop leaving money on the table.

Whether you’re full-time 1099 or picking up moonlighting shifts, this episode is packed with ways to build wealth, reduce taxes, and reclaim financial peace of mind.

Key Takeaways

1. Capture Every Dollar — Most physicians miss thousands in deductions every year. Time to change that.
2. Family Payroll Hacks — Yes, you can hire your kids and fund their Roth IRAs. Learn how to do it right.
3. The Augusta Rule is Real — Renting your home to your practice could be your next tax break.
4. Be Proactive, Not Reactive — The biggest mistake? Waiting until tax time. Intentional planning changes everything.

Resources & Next Steps:

• Download the PSLF Hacks Checklist
• Book a free financial wellness session with James
• Get access to exclusive physician financial tools at www.imwealth.com
• 1% of IM Wealth’s revenue is dedicated to providing scholarship funds to medical students. Learn more about the Meaningful Journeys Scholarship and how you can join the fight here.
• Learn more about the impact IM Wealth is making in the lives of physicians here.
• Gain FREE immediate access to all of IM Wealth’s exclusive physician financial wellness resources here.

About the Show:

This isn’t just another finance podcast—it’s a movement. We’re challenging the status quo, cutting through the noise, and giving physicians real strategies to take control of their money and their future. 

Because true wealth isn’t just about numbers—it’s about freedom.

Find and follow the show on YouTube. 

About James Nutter:

James Nutter is on a mission to help physicians reclaim their financial power. With a deep understanding of the unique challenges doctors face, he provides real-world strategies that cut through the noise and lead to lasting financial freedom.

Follow James on Instagram.