145: Faith, Family, and Finance with Rogue Dad, M.D.

White Coat Investor Podcast

Dr. Jim Dahle of the White Coat Investor

Medicine, Health & Fitness, Business, Investing

4.9 • 2.3K Ratings

🗓️ 13 February 2020

⏱️ 59 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

In this episode we are looking at faith, family, and finances through the lens of medicine. Fahd Ahmad, also know as Rogue Dad, M.D. is our guest. See the full show notes and transcription at https://www.whitecoatinvestor.com/classic-blog/. Three years ago the concept of Rogue Dad, M.D. originated as an anonymous, creative outlet born out a desire Dr. Ahmad had to express himself when he was frustrated and dismayed by the presidential election of 2016. We don't delve into politics too much in this episode but as a Muslim son of immigrants, he felt very frustrated, worried, and upset, and wanted an outlet to talk about that. I first met Fahd at the WCI Conference in March 2018 in Park City where he was on a blogger panel. I was so impressed with his presence on stage that I thought he would make for a great keynote speakermat the next White Coat Investor conference. I'm excited about the topic he will speak on at our conference. I think it is an important one, a really significant contributor to burnout. He will be discussing second victim syndrome. We talk about second victim syndrome in this episode a bit but for those of you who are coming to the conference, make sure you catch his talk and for those of you who aren't coming to the conference, you will be able to buy the conference videos afterward and watch the talk in it's entirety.

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Transcript

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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 145, Faith, Family, and Finance with Fodomod.
0:24.0	This episode is sponsored by Zoe Financial.
0:26.0	Mortgage is college planning, owning an independent practice, financial planning is tricky. Luckily, you don't have to do it alone.
0:32.0	Zoe Financial Certified Advisors are independent, commission-free, financial advisors who have been vetted and will work holistically with you.
0:39.0	A Zoe Advisor makes sure you have a financial plan that perfectly suits your unique situation.
0:43.0	Ready to learn more? Visit us at zoefin.com slash white-code.
0:49.0	Thanks so much for what you do. Just before we started recording this, I came from a five-hour meeting.
0:55.0	My button a chair for five hours straight. We had a trauma meeting, then we had an M&M meeting, then we had our three-hour partnership meeting.
1:04.0	By the end of it, I was super grateful to be able to go out the door to another eight-hour day of work.
1:09.0	I tell you what, though, sometimes, we forget all the difficult things in medicine.
1:14.0	We are asked to do these things on the side. Hospital committees, partnership meetings, you got to keep a business running,
1:21.0	and you got to see patients and keep them alive. It's not an easy job. That's part of the reason why it pays so well.
1:27.0	If nobody's thanked you for it today, let me be the first.
1:30.0	Our quote of the day comes from John C. Bogel, who said, I didn't start the Vanguard S&P 500 Index Fund because I believed in the efficient market hypothesis.
1:39.0	I did it because I believed in the cost matters hypothesis.
1:42.0	And I think that's also a really important point that the reason index funds work is not necessarily because the market is perfectly efficient.
1:50.0	But because there's so much cheaper than active management. In fact, in a lot of ways, active management can work.
1:56.0	It just can't work well enough to overcome the costs of doing so.
1:59.0	If you haven't checked out our recommended pages, we have some awesome recommendations for you for services you may need.
	...

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