MtoM #171: Medical Student Creates a Budget and Finance 101: Donor Advised Funds

White Coat Investor Podcast

Dr. Jim Dahle of the White Coat Investor

Medicine, Health & Fitness, Business, Investing

4.9 • 2.3K Ratings

🗓️ 20 May 2024

⏱️ 22 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Today we interview an MS1 who is celebrating making a budget for the first time. He said he wants to inspire others to do whatever they can to mitigate the financial burden of medical school. He shared that simply by having a budget he is actually spending less because he is more aware of where all of his money is going. We know that the earlier you get started becoming financially literate the better off you will be and this student is well on his way! After the interview we are talking about donor advised funds for Finance 101.

At PKA Insurance Group Inc – Pradeep Audho, and Matthew Pedersen are independent brokers focusing on Disability and Life insurance. They excel in securing coverage for physicians, including those on visas like J1, H1B, etc. Protecting your family in the event of a disability or death is important. There is now an A+ rated carrier offering up to $10Million of Life insurance without labs. If you are very healthy with limited or no medical issues, approval is likely in 5 minutes. Reach out to PKA Insurance to discuss your Disability or Life insurance needs at https://www.whitecoatinvestor.com/pka 1-800-258-1018 - OR – emailing [email protected]

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 171. Medical Student Creates a Budget.
0:19.5	At PK Insurance Group Inc, Pradip Ad, and Matthew Peterson, are independent brokers focusing on disability
0:26.0	and life insurance. They excel in securing coverage for physicians, including those on
0:30.4	pieces like J1B, etc.
0:33.7	Protecting your family in the event of a disability or death
0:36.0	is important.
0:36.8	There is now an A-plus rated carrier offering up to 10 million
0:39.7	of life insurance without labs.
0:41.8	If you're very healthy with limited or no medical issues
0:43.8	approval is likely in five minutes. Reach out to PKA insurance to discuss your
0:48.4	disability or life insurance needs at whitecoat investor.com slash PCA or by calling 1800 258 1018 or emailing
0:57.0	info at pkA insurance.com.
1:00.0	All right, we went over in our company meeting earlier today the results of last year's
1:08.6	white code investor survey. We surveyed the whole audience and try to find the ways we can serve you better.
1:13.7	A recurring theme was that people want more basic information.
1:18.4	So we're doing all kinds of things to try to get that out there, including adding to this podcast episode, you know, short snippets of basic information about the basics of personal finance and investing, trying to increase your financial literacy.
1:32.0	But there's a whole bunch of other stuff we do as well. trying to increase your financial literacy.
1:32.6	But there's a whole bunch of other stuff we do as well.
1:35.3	For example, we have a WCI 101.
1:38.3	This is the Basics email series.
	...

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