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White Coat Investor Podcast

MtoM #133: CRNA Becomes a Millionaire and Finance 101: Disability Insurance

White Coat Investor Podcast

Dr. Jim Dahle of the White Coat Investor

Investing, Medicine, Health & Fitness, Business

4.82.4K Ratings

🗓️ 28 August 2023

⏱️ 21 minutes

🧾️ Download transcript

Summary

This CRNA just became a millionaire. He had his financial awakening after an expensive divorce and realized he needed to learn more about finances if he ever wanted to retire. He dove in and read everything he could. He is now on his way to financial independence. He said there is no secret to any of this - you just have to do the work. He encourages us to admit to ourselves what we don't know, then get educated and get to work. After the interview stick around for a discussion on disability insurance for Finance 101.

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

Click on a timestamp to play from that location

0:00.0

This is the White Coat Investor podcast, Myel Stones to Millionaire,

0:04.2

celebrating stories of success along the journey to financial freedom.

0:13.6

This is Myel Stones to Millionaire podcast number 133, a CRNA who becomes a millionaire.

0:19.5

Getting quality disability and life insurance should be the first financial chore for a doctor

0:23.2

to complete. Most docs don't have the ideal policy for their gender, especially state or health

0:27.2

status. One in seven doctors get disabled at some point during their career.

0:31.3

Because these policies can only be purchased through brokers, we have put together a list of

0:34.7

vetted agents who are experienced with working with the specific needs of medical professionals

0:39.0

and who have your best interest at heart. If you have questions about insurance and what kind of

0:42.8

policies would be the best fit for you, check out our insurance recommended list at whitecodeinvestor.com

0:47.9

slash insurance. Feel the peace of mind that comes with knowing you have the optimal policy in place.

0:52.6

You can do this and the White Coat Investor can help.

0:55.4

All right, we got a great interview today. I think you're going to enjoy a lot. We have

0:59.6

a new millionaire among us in the White Coat Investor community and we're going to be talking to

1:04.3

him shortly. Afterwards, stick around. I just got off the phone a few minutes ago with the

1:09.0

disability insurance agent. I think I have a few pearls to share that would be worth hearing.

1:14.2

So we're going to talk a little bit about the position of disability insurance afterwards.

1:19.3

All right, our guest today on the Myel Stones to Millionaire podcast is Matt.

1:23.4

Matt, welcome to the podcast. Thank you. I appreciate you having very much. I'm a fan.

1:27.1

Awesome. Well, tell us what you do for a living and how far you are out of school.

1:30.4

I'm a CRNA. I'm an independent locum's provider. I've been that way for a couple of years. I graduated

1:35.6

in 2010 for Manacee's School. Okay. So you have worked in where with through those locums. What

...

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