MtoM #112 - Family Physicians Start Direct Primary Care Practice
White Coat Investor Podcast
Dr. Jim Dahle of the White Coat Investor
4.8 • 2.4K Ratings
🗓️ 3 April 2023
⏱️ 26 minutes
🧾️ Download transcript
Summary
This doc is our second returning guest. Since she paid off her student loans in August of 2021 her and her husband were able to take a financial risk, leave their jobs in academia, and start a private direct primary care practice. They got their financial ducks in a row and recognized they wanted to change the way they worked. This change reduced burnout and created the life/work balance they want. She said making less money is worth the balance they have created. Are you battling burnout? Check out this post for some tips to reduce burnout: https://www.whitecoatinvestor.com/physician-burnout-factors-cures/
At some point in our financial lives, it will be time to buy a home. A physician mortgage can be a good vehicle for a young doctor who's just out of school and has a more effective place to use their money than on a big down payment. These loans allow doctors to secure a mortgage with fewer restrictions and a lower down payment than a conventional mortgage. But if you're further advanced in your career or deeper into your journey to financial freedom, buying a home with a conventional mortgage and then, later on, potentially refinancing that loan to a better rate with a shorter time frame could be a great move. Wherever you are in your financial journey, make sure you use the mortgage that will be most financially beneficial for you. Hop over to our recommended tab to learn more about all of your mortgage and refinancing options at https://www.whitecoatinvestor.com/mortgage. 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. |
| 0:12.7 | This milestones to millionaire podcast number 112, family positions start direct primary care |
| 0:17.8 | practice. Our sponsor for this episode is SoFi. Right now, qualifying medical professionals can |
| 0:23.7 | refinance a private student loans with an up to 1% rate discount. Still a resident with SoFi |
| 0:28.7 | student loan refinancing, you could pay just $100 a month during your residency. And as a SoFi |
| 0:33.5 | member, you'll have access to a powerful set of tools, education, even financial planners to help |
| 0:37.6 | you not only save money, but help you get on the road to financial freedom. Check out the |
| 0:41.2 | payment plans and interest rates at sofi.com slash Whitecode Investor. SoFi student loans originated |
| 0:47.2 | by SoFi bank and a member FDIC additional terms and conditions may apply. Animal S696891. |
| 0:54.6 | All right, today we're going to do two things. We've been listening to you. I know it's weird |
| 0:59.8 | that people would actually take your feedback and use it, but we appreciate your feedback. |
| 1:04.3 | Feedbacks an interesting thing though, right? I mean, all of you have asked for feedback from your |
| 1:08.8 | superiors during your training, you know, and you know, maybe an attending gave you a few tips, |
| 1:14.3 | and it didn't feel good maybe to to hear them at the time, but you knew it was it was helpful |
| 1:19.7 | advice and the implementer and became better because of it. Well, imagine if you had 2500 or 3000 |
| 1:25.6 | attendings, all given you advice, you know, some of it's contradictory, some of it's useful, some |
| 1:31.6 | it's not as useful, but after reading through suggestions for improvement from 2000 plus people, |
| 1:38.2 | you don't necessarily feel all that good about yourself. It's just the sheer volume of it. |
| 1:42.7 | Every individual tips super helpful. When you read it all at once, bad idea turns out you should |
| 1:47.4 | definitely read it slowly in, you know, multiple sessions, but we got lots of great advice for how |
| 1:54.6 | to improve the podcast will be implementing lots of those things over time this year. And so we |
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