MtoM #180: Pathologist Reaches Multiple Milestones and Finance 101: 5 Rules for Evaluating a Rental Property Investment
White Coat Investor Podcast
Dr. Jim Dahle of the White Coat Investor
4.8 • 2.4K Ratings
🗓️ 22 July 2024
⏱️ 26 minutes
🧾️ Download transcript
Summary
Our guest today is celebrating three big milestones. She has had a unique path to financial success including an intervention from her sister while she was in residency. When she got out of residency she was $600,000 in debt. 5 years later she has received PSLF, reached a net worth of $500,000 and paid off $120,000 in student loans. Once she realized the financial situation she was in she dove into educating herself and making the necessary changes to getting out of debt and growing wealth. Today for Finance 101 we will be giving you 5 Rules for evaluating a rental property investment.
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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 180. |
| 0:16.3 | Pathologists reaches multiple milestones. |
| 0:19.6 | This podcast is sponsored by Bob Biani at DR disability quotes.com. |
| 0:23.7 | He's an independent provider of disability insurance planning solutions to the |
| 0:26.8 | medical community in every state and a long time white code investor sponsor. |
| 0:30.4 | He specializes in working with residents and fellows early in their careers to set up sound financial and insurance strategies. |
| 0:36.0 | If you need to review your disability insurance coverage or to get this critical insurance in place, contact Bob at whitecoat investor.com slash D.R. disability quotes today. |
| 0:46.0 | You can also email info at d.R. disability quotes.com or you can call a 973771,9100. We got a pretty interesting interview today, but stick around afterward, we're going to talk a little bit about rules for evaluating an investment property. |
| 1:00.0 | My guest today on the Milestones to Millionaire podcast is Stel. |
| 1:03.4 | Stel, welcome to the podcast. |
| 1:05.3 | Thank you, thank you for having me, Jim. |
| 1:07.8 | Tell us what you do for a living, how far you are out of training, and what part of the country |
| 1:11.8 | you're in? I am five years out of training and what part of the country you're in? I am five years out of training and I am a pathologist |
| 1:16.5 | and I practice in the state of Texas. Okay well the exciting thing about this podcast is you have reached not one, not two, but three significant |
| 1:27.2 | milestones. Tell us what milestones will be celebrating today. |
| 1:30.3 | So today we are going to celebrate me actually completing PSLF program and also paying $120,000 in |
| 1:42.0 | $120,000 in credit card debt. |
| 1:46.2 | And then I believe the third one |
| 1:48.2 | is actually saving about $30,000 in travel hacking with my family of four. |
| 1:54.0 | So those are the three milestones that I would like to celebrate today. |
... |
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