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White Coat Investor Podcast

151: How to Pick a Charity

White Coat Investor Podcast

Dr. Jim Dahle of the White Coat Investor

Medicine, Health & Fitness, Business, Investing

4.92.3K Ratings

🗓️ 26 March 2020

⏱️ 44 minutes

🧾️ Download transcript

Summary

Choosing which charities to give to is important. It takes just as much effort to give well as it does to earn, save, invest and spend well. We all know that some charities are better than others so how do you choose a charity to give to? What should you look for in that charity? For me, the most important thing is to to begin with choosing a cause that you want to support. Once you know the cause you want to to support, there are resources to identify the best charities for that cause. See the show notes at https://www.whitecoatinvestor.com/classic-blog/ for links to the resources. In this episode we discuss how to pick a charity to donate your money to as well as using a donor advised fund and donating shares to charity. Besides charitable giving, we answer listener questions about getting disability and life insurance outside of the United States, asset location, how to balance Roth conversions against ACA subsidies, PLLC vs LLC, resources to use for budgeting, and more.

This episode is sponsored by Laurel Road https://www.whitecoatinvestor.com/laurelroad has helped thousands of medical professionals across the country refinance federal and private school loans. In addition to offering a $300 bonus for WCI readers and listeners who refinance student loans with Laurel Road, Laurel Road also offers those in residency or fellowship the ability to make reduced payments throughout their training and up to six months after. Terms and conditions apply. For more information and to submit an application, simply visit Laurel Road. https://www.whitecoatinvestor.com/laurelroad

Transcript

Click on a timestamp to play from that location

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's your host, Dr. Jim Dolly.

0:18.0

This is the White Code Investor Podcast number 151, How to Pick a Charity.

0:22.0

Laurel Road has helped thousands of medical professionals across the country refinance federal and private school loans.

0:28.0

In addition to offering a $300 bonus for WCI readers and listeners who refinance student loans with Laurel Road,

0:34.0

they also offer those in residency or fellowship the ability to make reduced payments throughout their training and up to six months after.

0:42.0

Terms and conditions apply, but for more information, submit an application.

0:46.0

Simply visit whitecodeinvestor.com slash Laurel Road.

0:50.0

Thanks for what you do. Medicine isn't easy, especially when we have pandemic coming, and you're going to be asked at times to put the lives of yourself and even your family at risk taking care of other patients.

1:02.0

Thanks for what you do. It is not an easy work. There's a reason you get paid as much as you do.

1:08.0

Our quote of the day today comes from Jack Bogle. If you have trouble imagining a 20% loss in the stock market, you shouldn't be in stocks.

1:14.0

And if you didn't learn that lesson in the last month, the market's going to teach it to you.

1:18.0

Now, we just finished WCI con a couple of weeks ago, and we've got an eversion of the course out. If you come to whitecodeinvestor.com, it's very prominently displayed.

1:28.0

And you can check that out. It gives you all 27 or really 29 hours of the conference.

1:34.0

And you can watch it in the privacy of your own home at your own time that you desire. You can even listen to it in your car, just like you would this podcast.

1:43.0

So check that out. It's going to be great. You'll love it. You'll feel like you were right there with us.

1:49.0

And hopefully get you those pearls of wisdom that were dispensed by many awesome speakers that we had at the conference.

1:55.0

Today we're going to be answering listener questions off the speak pipe. Now, if you know what the speak pipe is, you just need to go to speakpipe.com slash whitecode investor or whitecode investor.com slash speak pipe.

2:06.0

Either one will take you to the same place. And you can record a question there that will play on the podcast. And I'll answer for you.

2:13.0

So go ahead and leave those for us. And we'll get your questions on the podcast. So far we've been able to keep up with them.

2:19.0

Anybody that's left any sort of a reasonable question has gotten it answered on the podcast. I don't know how long we'll be able to keep up with that.

...

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