MtoM #130:Family and Sports Medicine Doc is Back to Broke and Finance 101: Tenant Contracts
White Coat Investor Podcast
Dr. Jim Dahle of the White Coat Investor
4.8 • 2.4K Ratings
🗓️ 7 August 2023
⏱️ 24 minutes
🧾️ Download transcript
Summary
This dual board certified doc is back to broke. She was in denial for a very long time about her finances and how much debt she had taken on and had the mindset of dealing with it down the road. She finished training with $440,000 of student debt plus some credit card debt and car loans. She said she negotiated her first contract aggressively and has always been a great earner, but she had to learn how to be a smart saver and investor. Her family is now saving aggressively, investing, and paying off debt. Her advice to you is to come up with a plan for your money. It is not Monopoly money. Get clear about where you are financially and where you money is going. Money can really leak out if you aren't paying attention. We think you will find her story very inspiring. For Finance 101 we will be talking about tenant contracts.
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Transcript
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| 0:00.0 | This is the White Coat Investor podcast, Milestones to Millionaire, |
| 0:04.2 | celebrating stories of success along the journey to financial freedom. |
| 0:13.6 | This is Milestone to Millionaire podcast number 130. Family medicine doc gets back to broke. |
| 0:19.4 | CLP is a familiar name within the WCI community. It's a long time members of our |
| 0:23.2 | investment opportunities list. We want to invest in the high growth impact investor that |
| 0:26.8 | believes in doing well while doing good. We encourage you to check out DLP. |
| 0:30.7 | The real estate backed investments build wealth and prosperity for all of their members, |
| 0:34.1 | investors, clients and partners. Plus their funds have historically had zero losses. |
| 0:38.6 | Find out more at whitecoatinvestor.com slash DLP. If you're thinking of getting into investment |
| 0:43.8 | housing, they should definitely be on the radar. All right, welcome back to the Milestone to Millionaire |
| 0:49.2 | podcast. The podcast where we feature you and your successes and your challenges and use them to inspire |
| 0:55.5 | others to do the same. This is a community where the whitecoat investors, |
| 1:01.2 | and we want everyone to be successful. The fun thing about this game we're playing, though, |
| 1:05.6 | is it's a one-player game, right? It's just you against your goals. You don't have to beat anybody |
| 1:10.7 | else. So to find your goals, start working toward them. Share with us your successes by coming |
| 1:15.9 | on the podcast. You can apply at whitecoatinvestor.com slash Milestones and we'll bring you on. |
| 1:22.0 | Today, we have a great interview with a family doc who has accomplished one of my favorite |
| 1:26.9 | milestones. We'll bring her on in just a minute, but afterwards, stick around. We're going to talk for |
| 1:32.9 | a few minutes about tenant contracts, landlord contracts that you have for rental properties, |
| 1:39.6 | for investment properties, and we'll go over some important things to have there. |
| 1:45.7 | All right, our guest on the Milestones to Millionaire podcast today is Mandy. Mandy, welcome to the |
| 1:50.5 | podcast. Thank you so much. All right. We are celebrating one of my favorite milestones today. |
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