188: Dr. Rick Hodes, a Life Dedicated to Service

White Coat Investor Podcast

Dr. Jim Dahle of the White Coat Investor

Medicine, Health & Fitness, Business, Investing

4.9 • 2.3K Ratings

🗓️ 10 December 2020

⏱️ 51 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

The work of Dr. Rick Hodes in Ethiopia is inspiring. He is working in an international inter-religious, interfaith, inter-ethnic environment to make the world a better place. He is the doctor we wrote we wanted to be in our medical school admission essay. We talk about how he got started practicing medicine internationally, the interesting work that he has done, and the many people that he has been able to help. We discuss the finances behind work like this and the effort put into fundraising. Some people have criticized international aid programs saying they are doing more harm than good and we get into that too. Many of our profession are suffering from burnout. Dr. Hodes has some advice on that as well, 30+ years into his career. We also talk about how you can help. For not a lot of money, we can help a lot of people. Rick shows us what a true calling in medicine can look like. Take a listen and see if you find this interview as inspiring as I did.

This podcast is sponsored by Bob Bhayani at drdisabilityquotes.com. He is an independent provider of disability insurance planning solutions to the medical community in every state and a long-time White Coat Investor sponsor. He specializes in working with residents and fellows early in their careers to set up sound financial and insurance strategies. If you need to review your disability insurance coverage to make sure it meets your needs or if you just haven’t gotten around to getting this critical insurance in place, contact Bob at drdisabilityquotes.com today by email [email protected] or by calling (973) 771-9100.

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 188, Rick Hodes, a life dedicated to service.
0:24.0	Thanks for what you do. Life's not easy these days. I saw a COVID patient the other day in the ER,
0:29.0	who was not that sick, could actually go home. I shot a chest X-ray, it looked pretty good, and the oxygen looked good.
0:36.0	So I was going to let him go home. We got his wife on the phone, and we were all talking together.
0:41.0	She threatened to sue me. If anything bad happened to him, what a great job we have that people are constantly threatening just to sue us in case anything bad happens,
0:50.0	even if our actions were completely reasonable.
0:53.0	I actually got him a pulse oximeter, sent him home with that, told him to drink a bunch of water because he was low dehydrated and called him the next day to make sure he was doing okay.
1:01.0	He said, yeah, I really was very dehydrated and just needed to do that. I'm feeling much, much better today.
1:06.0	Obviously, he's not going to sue me, but it's tough having a job where you have that liability hanging over your head all the time,
1:13.0	where people just walk up and threaten to sue you for millions of dollars for killing their spouse.
1:18.0	Thanks for what you do.
1:20.0	Let's have a word from our sponsor. This podcast is sponsored by Bob Bayani, Dr. Disability Quotes.com.
1:25.0	He's an independent provider of disability insurance planning solutions to the medical community in every state, and a long time whitecode investor sponsor.
1:32.0	He specializes in working with residents and fellows early in their careers to set up sound financial and insurance strategies.
1:38.0	If you need to review your disability insurance coverage to make sure it meets your needs, or if you just haven't gotten around getting this critical insurance in place,
1:44.0	contact Bob at drdissabilityquotes.com today.
1:47.0	You can email info at drdissabilityquotes.com or call 973-7719100.
1:56.0	All right, our quote of the day today comes from Thomas J. Stanley, a millionaire next door fam.
2:01.0	He said, if you're not wealthy yet, but want to be someday, never purchase a home that requires a mortgage that is more than twice your household's annual realized income.
	...

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