MtoM #154: Psychiatrist Pays Off $460,000 in Student Loans and Finance 101: Rebalancing Your Portfolio

White Coat Investor Podcast

Dr. Jim Dahle of the White Coat Investor

Medicine, Health & Fitness, Business, Investing

4.9 • 2.3K Ratings

🗓️ 22 January 2024

⏱️ 28 minutes

🔗️ Recording | iTunes | RSS

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Summary

This Psychiatrist paid off a whopping $460,000 in only 2 1/2 years! How did he do it? He picked up an extra job and worked as much as possible to bring in as much money as he could and ended up putting nearly $25,000 per month towards the debt! He made a handful of mistakes including over spending and stock picking before he learned that there was a better way! His financial awakening happened when a friend introduced him to the White Coat Investor Podcast. He shared that it is easy to make mistakes and it is okay to make mistakes. But consistency is key and even with some mistakes you too can do this! Stick around after the interview to learn about rebalancing your portfolio.

If you’re like most doctors, nobody taught you anything about personal finance or investing during your undergrad, professional school, or residency.
And even though your family - and perhaps even your business - rely on you to be the Chief Financial Officer, you have never been given the tools to succeed. Enroll in WCI Financial Boot Camp, a FREE educational email series, and learn to convert your high income to wealth. You will learn the basics of investing, saving, insurance, and more. Your high income alone will not lead to financial success, but as always, we want to help you on your financial journey.
Go to https://whitecoatinvestor.com/financialbootcamp to sign up today!

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!

Be a Guest on The Milestones to Millionaire Podcast: https://www.whitecoatinvestor.com/milestones

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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 154.
0:16.4	Psychiatrists pays off $460,000 in student loans.
0:21.8	If you're like most doctors, nobody taught you anything about personal finance or
0:24.6	investing during your undergrad, professional school, or residency.
0:28.3	Even though your family and perhaps even your business rely on you to be the chief financial
0:32.0	officer, you've never been given the tools to succeed.
0:34.8	Enroll in WCI Financial Boot Camp, a free educational email series and learn to convert
0:40.7	your high income to wealth. You'll learn the basics of investing, saving, insurance, and more.
0:46.0	Your high income alone will not lead to financial success,
0:48.8	but as always we want to help you on your financial journey.
0:52.0	Go to Whitecode Investor.com
0:54.0	financial boot camp to sign up today.
0:56.0	You can do this and the White Code Investor can help.
0:59.0	Welcome back to the Milestones to Millionaire podcast
1:02.0	where we celebrate the milestones on the way to be in a
1:05.5	millionaire and beyond. In fact, we'll celebrate any milestone with you. I don't care how small
1:11.7	it is. Maybe it's, you know, paying off a bicycle loan.
1:16.0	Maybe it's getting back to broke. Maybe it's paying off credit cards or mortgage or student loans or hitting $10,000 in net worth,
1:24.4	or $100,000 in net worth, we'll celebrate it with you.
1:28.0	Maybe you're on the other end of the scale, you become financially independent,
	...

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