MtoM #144: IMG Comes to America and Becomes Financially Successful and Finance 101: Guidance for International Medical Graduates
White Coat Investor Podcast
Dr. Jim Dahle of the White Coat Investor
4.8 • 2.4K Ratings
🗓️ 13 November 2023
⏱️ 28 minutes
🧾️ Download transcript
Summary
This radiologist moved here from Brazil 20 years ago after completing medical school. She wanted to come on the podcast to help educate other international medical graduates about how to succeed in the US financial system. It was a steep learning curve but she wants all immigrants to know they can do this and be successful! This episode is packed full of advice and encouragement. Raquel Oliva Alencar, is an MD, PhD, and CEO and Founder of Scientia Imaging. After the podcast Dr. Dahle talks more about IMGs.
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, Milestones to Millionaire, |
| 0:04.1 | celebrating stories of success along the journey to financial freedom. |
| 0:08.3 | This is White Coat Code Investor Podcast Number 144. |
| 0:15.0 | IMG comes to America and becomes financially successful. |
| 0:20.0 | Getting quality, disability, and life insurance should be the first financial |
| 0:24.4 | chore for a doctor to complete. Most docs don't have the ideal policy for their |
| 0:27.5 | gender, especially state or health status. One in seven doctors get disabled |
| 0:31.2 | at some point during their career. |
| 0:33.0 | Because these policies can only be purchased through brokers, |
| 0:35.1 | we put together a list of vetted agents |
| 0:37.3 | who are experienced with working with the specific means of medical professionals |
| 0:40.4 | who have your best interests at heart. |
| 0:42.2 | If you have questions about insurance, what kind of policies would be the best fit for you, check out our insurance recommended list at white code investor. |
| 0:48.0 | Com slash insurance and feel the peace of mind that comes with knowing you have the optimal policy in place. You can do this, the |
| 0:54.4 | white code investor can help. All right, this episode is all about the IMG experience. |
| 1:00.9 | IMG International Medical Graduate. We're talking a doc that grew up somewhere else, went to |
| 1:05.8 | medical school there and then came here either for residency or fellowship and is practiced here. |
| 1:10.4 | This is a challenging thing to do, to to a new country figure out not only their medical system |
| 1:16.4 | but figure out their financial system and so it's a little bit of a barrier for lots of our listeners. Now they often have one big advantage. They often come |
| 1:25.2 | with no student loans, which is a huge advantage for IMGs and you should totally take advantage |
| 1:29.8 | of that to be investing right from the get-go where a lot of docs are trying to get their student loans paid off. |
| 1:34.9 | But even so, it's tricky to learn all this stuff, all this new financial stuff and start your life over. So we've got an |
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