4.9 • 2.3K Ratings
🗓️ 27 June 2019
⏱️ 45 minutes
🧾️ Download transcript
A listener asked me how to prioritize loans from their parents. I am not a fan of borrowing money from family. I'd hate to owe money to my parents. Paying that off would be a major priority for me. But if you are still going to do it, remember that when you borrow money from family, you have to pay a reasonable interest rate and it is a good idea to have written terms. We get into more details about borrowing money from family in this episode but don't become debt numb just because you are offered money at a low interest rate. Check out the show notes for this episode at https://www.whitecoatinvestor.com/
This episode is sponsored by the Origin Income Plus Fund, a diversified private real estate fund targeting a total annual return of 9 to 11%. Learn more by visiting www.originincomeplus.com/wci.
If you are a member of our private Facebook group, White Coat Investors, you'll know that we have been doing some Facebook live events there. Sometimes they are by myself and other times I bring on a sponsor and we answer your questions. If you want to interact with us live, face-to-face, and ask your questions, all you have to do is type them in as a comment, we'll answer your questions. It's like this podcast, except it's live. Become a member of the Facebook group at https://www.facebook.com/groups/whitecoatinvestors/ to participate in the next Facebook Live event.
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0:00.0 | This is the White Code Investor Podcast, where we help those who wear the White Code get a fair shake on Wall Street. |
0:06.0 | We've been helping doctors and other high-income professionals stop doing dumb things with their money since 2011. |
0:12.0 | Here is your host, Dr. Jim Dolly. |
0:18.0 | This is White Code Investor Podcast number 112. How do you treat dad loans? |
0:23.0 | Are you tired of the ups and downs of the stock market? |
0:25.0 | Private real estate is known for its stability and high returns, and Origin Investments has a great new fund that delivers both. |
0:31.0 | The Origin Income Plus Fund is a diversified private real estate fund targeting a total annual return of 9 to 11 percent, inclusive of 6 percent in annual distributions. |
0:40.0 | The principles are investing 10 million of their personal capital alongside investors in the fund. |
0:44.0 | Learn more by visiting www.originincomeplus.com slash WCI. |
0:51.0 | Thanks for what you do. I know you're probably in your way into work, your way home from work, maybe working out at the gym, whatever. |
1:02.0 | Medicine is stressful. Dentistry is stressful. Law is stressful. I don't know what you do for a living. |
1:07.0 | But chances are that in order to become a high-income professional, you would spend a long time in school. |
1:12.0 | You spend a long time training for it and you put up with a lot of crap. |
1:15.0 | So if nobody's told you thank you today, let me be the first. |
1:19.0 | Alright, coming up here in a couple of weeks, we have got the White Code Investor Con WCI Con 20, which is March 12 through 14th of 2020 in Las Vegas at the Paris Hotel. |
1:33.0 | We are going to have an awesome conference. There's 27 hours of material. You're not even going to be able to attend it all, but don't worry. |
1:40.0 | We're going to record it and we're going to give it to you recorded. So you can finish watching it at home if you can't attend it all. |
1:45.0 | But we've got some awesome big names coming. We've got Harry Sit, we've got Paul Merrimon, we've got Rick Ferry, we've got Morgan Howellzel, we've got Phil DeMuth, we've got all the top position financial bloggers and podcasters and Facebook group leaders. |
1:59.0 | There's going to be some awesome people there, some great panels, some great presentations and lots of wonderful networking for the beginner and the advanced White Code Investor alike. |
2:09.0 | So I encourage you to sign up for that. What you need to know, however, is that signups are going to open at 7pm mountain time on Monday, July 8th. |
2:18.0 | I don't know how long they're going to be open for. This thing could fill in minutes, maybe it fills an hours. I think more likely it fills over a couple of days, but no guarantee. |
2:27.0 | If once it's full, it's full and I'm not going to be able to get you in there. So even if it takes a couple of weeks to fill, which I think is about the longest this is going to take given that our last conference filled in six days, I would encourage you to get on there right when it opens up. |
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