MtoM #122 - Orthopedic Surgeon Hits $4 Million Net Worth and Finance 101: Taxes
White Coat Investor Podcast
Dr. Jim Dahle of the White Coat Investor
4.8 • 2.4K Ratings
🗓️ 12 June 2023
⏱️ 32 minutes
🧾️ Download transcript
Summary
This doc just hit $4 million net worth. He has worked to boost his income at every step of his journey to allow for more savings. While he has a high income, he has always valued living fugally and saving as much as possible. His advice to you? Identify your goals, and find a job that can provide enough income to meet those goals.He said to keep expenses low out of residency, and don't over inflate your lifestyle. Today for Finance 101 Dr. Dahle is talking about taxes!
Getting quality disability and life insurance should be the first financial chore for a doctor to complete. Most docs don't have the ideal policy for their gender, specialty, state, or health status and 1 in 7 doctors get disabled at some point during their career. Because these policies can only be purchased through brokers, we have put together a list of vetted agents who are experienced with working with the specific needs of medical professionals and who have your best interest at heart. If you have questions about insurance and what kind of policies would be the best fit for you, check out our insurance recommended list at https://whitecoatinvestor.com/insurance and feel the peace of mind that comes with knowing you have the optimal policy in place.
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 White Coat Investor podcast, |
| 0:02.2 | Milestones to Millionaire, |
| 0:04.2 | celebrating stories of success along the journey |
| 0:06.9 | to financial freedom. |
| 0:13.7 | Milestones to Millionaire podcast number 122, |
| 0:16.6 | $4 million net worth and mid-career. |
| 0:19.4 | Getting quality disability and life insurance |
| 0:21.6 | should be the first financial chore for a doctor to complete. |
| 0:24.0 | Most docs don't have the ideal policy |
| 0:25.7 | for their gender, especially state or health status. |
| 0:28.4 | And one in seven doctors get disabled at some point |
| 0:30.5 | during their career. |
| 0:32.0 | Because these policies can only be purchased through brokers, |
| 0:34.1 | we put together a list of better agents |
| 0:36.0 | who are experienced with working with the specific needs |
| 0:38.3 | of medical professionals, |
| 0:39.7 | and who have your best interest at heart. |
| 0:41.7 | If you have questions about insurance |
| 0:42.9 | and what kind of policies would be the best fit for you, |
| 0:45.1 | check out our insurance recommended list |
| 0:46.8 | at whitecodeinvestor.com slash insurance. |
| 0:49.6 | And feel the peace of mind that comes with knowing |
... |
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