MtoM #111 - Internal Medicine Doc Becomes a Millionaire
White Coat Investor Podcast
Dr. Jim Dahle of the White Coat Investor
4.8 • 2.4K Ratings
🗓️ 27 March 2023
⏱️ 28 minutes
🧾️ Download transcript
Summary
This internal medicine doc has become a millionaire not long out of training. He has lived like a resident and saved a huge portion of his income. This doc has done a little bit of everything from saving cash, investing in the stock market and starting his real estate empire. He is passionate about creating low income housing and helping to better the community he grew up in. His advice to you is to make a commitment to building wealth. He says to have a solid mind set, strong work ethic and to start young so your wealth can grow exponentially. Want to learn more about real estate? Check out our No Hype Real Estate Course: https://www.wcicourses.com/p/no-hype-real-estate-investing
I estimate that 80% of doctors need, want, and should use a financial advisor and/or an investment manager. Some investment gurus such as Dr. William Bernstein think my estimate is way too low. At any rate, if you want to use an advisor temporarily or for your entire life, there is no reason to feel guilty about it—just make sure you are getting good advice at a fair price. If you need help updating your financial plan or just getting one in place, check out our list of recommended financial advisors at https://www.whitecoatinvestor.com/financial-advisors. You can do this and The White Coat Investor can help.
The White Coat Investor has been helping doctors with their money since 2011. Our free financial planning resource covers a variety of topics from doctor mortgage loans and refinancing medical school loans to physician disability insurance and malpractice insurance. Learn about loan refinancing or consolidation, explore new investment strategies, and discover loan programs specifically aimed at helping doctors. If you're a high-income professional and ready to get a "fair shake" on Wall Street, The White Coat Investor channel is for you!
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Transcript
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| 0:00.0 | This is the Whitecode Investor Podcast, milestones to millionaire, celebrating stories of success |
| 0:05.6 | along the journey to financial freedom. This is Whitecode Investor Podcast number 111. |
| 0:15.3 | Hospitalists becomes a millionaire. This episode is sponsored by all global circle. |
| 0:20.6 | You have valuable knowledge and can always use the little extra money. The all-global circle |
| 0:24.5 | community is set up to provide a clear, easy and efficient means of communication |
| 0:28.6 | between the pharmaceutical industry, the research industry, and those professionals who are |
| 0:32.1 | using new developments and end products on an ongoing daily basis. If all global circle can't |
| 0:37.5 | get you a survey to take within 90 days, they'll pay you a loyalty bonus just for logging in and |
| 0:42.0 | checking a couple of times per month. By signing up at whitecodeinvestor.com slash global, |
| 0:46.9 | you'll get an extra $50 just for being a member of the WCI community. All right, as you're hearing |
| 0:54.6 | this, it's the last week of March. We've had an eventful March here at WCI. We had our conference |
| 1:00.6 | and it was fun to go through the feedback for the conference. We asked people, what was your |
| 1:05.2 | favorite part of the conference? Let me give you a couple of the answers we got. Here's one |
| 1:10.2 | chance to focus on wellness and finance. Tying these two together is key. There's another. I felt |
| 1:15.0 | like this conference had more impact than the more pure medical type conference. Presentors were |
| 1:20.0 | outstanding. Not an included humor and were interactive. Stacey's choose to thrive talk was amazing |
| 1:25.2 | and inspirational. We need more talks like this. I love the inclusion of various wellness activities, |
| 1:30.1 | such as pickleball yoga and fun run. Appreciate it. The group dinner sign-ups was helped us connect |
| 1:34.8 | with others. There's another one. I was very impressed with the organization. This event, it was |
| 1:39.2 | clear that a lot of thought went into everything from the app to the musical transitions between |
| 1:42.9 | keynote speakers. Very cool. I was especially impressed with how well everyone stayed on schedule. |
| 1:47.5 | Great venue. Love the pickleball and the snacks. Very well done. We asked them, why is WCI |
... |
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