MtoM #13 - Millionaire Internal Medicine Doctor
White Coat Investor Podcast
Dr. Jim Dahle of the White Coat Investor
4.8 • 2.4K Ratings
🗓️ 10 May 2021
⏱️ 10 minutes
🧾️ Download transcript
Summary
Teresa and her husband made a plan to live off one income. In 5 years post training they were able to reach millionaire status. There are many roads to reaching a net worth of a million dollars. They chose investing in real estate. But the principles are the same: earn money, carve a good chunk out, and invest it in a smart way. It doesn't take long until you've reached your goals. Every one of you can be a millionaire. https://www.whitecoatinvestor.com/everyone-a-millionaire/
Did you know that the White Coat Investor not only has a podcast and a blog but several books that will help you on your way to financial independence. These books cover topics such as asset protection and minimizing your taxes to keep more of your hard earned money. They discuss plans for insurance, housing, spending, student loan elimination, investing and estate planning. You can learn how to become a millionaire within 5-10 years of leaving residency and how to invest in a sensible low cost and effective manner with or without the assistance of a financial advisor. There is even a book geared directly toward medical and dental students so you can start optimizing your finances early in your professional journey. Find the book that is right for you at the WCI store at https://www.shop.whitecoatinvestor.com or on Amazon. 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 for 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 Co Investor Podcast, Milestones 2 Millionaire, |
| 0:04.5 | celebrating stories of success along the journey to financial freedom. |
| 0:09.0 | Here is your host, Dr. Jim Dolly. |
| 0:16.0 | This is Milestones 2 Millionaire, podcast number 13, Teresa the Millionaire. |
| 0:21.2 | If you'd like to be a guest on our podcast, you can apply at whitecoatinvestor.com slash |
| 0:25.2 | Milestones. Whatever the Milestone you've reached is, whether it's paying off debt or |
| 0:29.4 | becoming a Deca Millionaire, we'd like to feature you and use your story to inspire others. |
| 0:34.5 | This episode is brought to you by 37 Parallel Properties. There's a substantial body of evidence |
| 0:38.8 | supporting commercial real estate investing. As one of the good guys in the industry, 37 Parallel |
| 0:43.5 | Properties is a partner I trust. They've been around for more than 10 years and still maintain |
| 0:47.6 | a 100% profitable track record with clear reporting and excellent educational content. |
| 0:52.5 | Many of my readers have invested with 37 Parallel and so have I, and so far have been happy with |
| 0:56.6 | my investment. Check them out, hop on over to whitecoatinvestor.com slash 37 Parallel. |
| 1:02.0 | All right, let's get our guest on the podcast. All right, our guest today is Teresa. |
| 1:06.9 | Teresa, welcome to the Milestones 2 Millionaire podcast. Thank you. Thank you for having me, Dr. Dolly. |
| 1:14.0 | So tell us about what your specialty is and how far you are out of training. |
| 1:18.8 | So I'm an internal medicine geriatric physician. I graduated in 2016 from fellowship. |
| 1:25.9 | So I've been out now for almost five years. And you are a millionaire, five years out of training, |
| 1:32.0 | internal medicine doc, and you're a millionaire. That's awesome. Congratulations on your success. |
| 1:37.5 | Thank you. Now what's your approximate net worth right now? Right now a little bit over a million. |
| 1:43.1 | Markets have been good to you lately. Yes, and that's a big help. That's a big help for sure. |
| 1:48.3 | What's your net worth divided into? How much is in retirement accounts, other investments, |
... |
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