MtoM #148: Nurse Practitioner Hits $250,000 Net Worth and Finance 101: Pathways with the Military
White Coat Investor Podcast
Dr. Jim Dahle of the White Coat Investor
4.8 • 2.4K Ratings
🗓️ 11 December 2023
⏱️ 19 minutes
🧾️ Download transcript
Summary
This family nurse practitioner hit a net worth of $250,000 only a few years out of training. This NP served our country and saved a lot of money while he did. He said learning to have delayed gratification has been a huge part of his success. In addition to investing he has purchased a short term rental property and a condo that are adding to his overall wealth. After the interview we will talk about some of the different pathways you can take with the military to get your career started.
I estimate that 80% of doctors need, want, and should use a financial advisor and/or an investment manager. Some investment gurus such as Dr. William Bernstein think my estimate is way too low. At any rate, if you want to use an advisor temporarily or for your entire life, there is no reason to feel guilty about it—just make sure you are getting good advice at a fair price. If you need help updating your financial plan or just getting one in place, check out our list of recommended financial advisors at https://www.whitecoatinvestor.com/financial-advisors. 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 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 Podcasts to Millionaire, |
| 0:04.2 | celebrating stories of success along the journey to financial freedom. |
| 0:08.3 | This is Milestones to Millionaire Podcast Number 148. |
| 0:16.8 | Nurse practitioner hits a quarter million dollars. |
| 0:20.6 | Thousands of doctors have trusted pattern to help them understand and obtain disability insurance. |
| 0:25.0 | The trust pattern because the pattern knows their time is valuable and the doctors have more important |
| 0:29.1 | things to do than worry about insurance. |
| 0:31.1 | They gather quotes from the top five providers to deliver options |
| 0:33.4 | unique to your situation. Here's how they do it. Number one, request your quotes. Number two, |
| 0:37.6 | compare your quotes in a short meeting with one of their expert sales advisors, number three, buy risk-free. So request your quotes today at |
| 0:45.1 | W.W.P pattern life.com slash W.c. I podcast. |
| 0:50.9 | All right welcome back to the milestones to Millionaire Podcast. |
| 0:53.2 | This is your podcast. |
| 0:54.8 | We bring on you and your successes and use them to inspire others to do the same and to reach |
| 1:00.6 | their goals. |
| 1:02.2 | This financial stuff is a single-player game. |
| 1:05.0 | It's you against your goals. But it's still nice to hear about how other people are doing, |
| 1:10.0 | what they're doing, and to use their experiences to inspire you to keep it up because it takes |
| 1:16.7 | time to reach most important financial goals and a little bit of inspiration along the way goes |
| 1:22.1 | far. So if you'd like to come on the podcast and share your story |
| 1:25.2 | you can apply at whitecoatinvestor.com slash milestones. We've got a guest today |
| 1:30.3 | that's reached a net worth milestone. We'll bring them on the line shortly but stick around |
... |
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