MtoM #196: Surgeon Gets Back to Broke During Residency and Finance 101: The Basics of Real Estate Investing
White Coat Investor Podcast
Dr. Jim Dahle of the White Coat Investor
4.9 • 2.3K Ratings
🗓️ 11 November 2024
⏱️ 31 minutes
🧾️ Download transcript
Summary
This general surgery resident is back to broke before he has even completed training. He became financially literate early in his training and got to work saving and investing and it has already paid off. He said he has had this success because he knows how to set goals and delay gratification. He shared the importance of creating good habits and mindset around money. After the interview we will be talking about the basics of real estate investing for finance 101.
One of the most underrated financial moves in medicine is working locum tenens. It pays significantly more on average, and you can work locums full time or on the side of your full time. And when you work with CompHealth, the #1 staffing agency, they cover your housing and travel costs —which on top of higher pay, really adds up. Locums also gives you more control of your career, allowing you to go where you want, when you want, with a schedule that works for you. It’s the perfect way to get ahead financially while getting focused on what you love. Whether it’s locum tenens or a regular permanent position, build your career your way with the power of CompHealth. Learn more at https://CompHealth.com
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, celebrating stories of success |
| 0:06.0 | along the journey to financial freedom. |
| 0:13.2 | This is Milestones to Millionaire podcast number 196. |
| 0:17.3 | Surgeon gets back to broke during residency. |
| 0:20.6 | One of the most underrated financial moves in medicine is working locum tenants. |
| 0:24.6 | It pays significantly more on average, and you can work Locum's full-time or on the side of your full-time. |
| 0:29.6 | And when you work with Comp Health, the number one staffing agency, they cover your housing and travel costs, |
| 0:34.6 | which on top of higher pay really adds up. |
| 0:41.9 | Locums also gives you more control of your career, allowing you to go where you want, when you want, with a schedule that works for you. It's the perfect way to get ahead financially while |
| 0:46.4 | getting focused on what you love. Whether it's Locum tenants or a regular permanent position, |
| 0:51.4 | build your career your way with the power of comp health. Learn more at |
| 0:55.1 | comphalph.com. All right, welcome back to the podcast. We have got a great podcast for you today. |
| 1:04.0 | You are going to love it. We're going to talk about somebody who's done some great things. |
| 1:10.0 | It's a relatively early milestone we're talking about today. |
| 1:13.8 | But I found it really fun to consider this and compare it to what we talked about last week |
| 1:20.6 | with the Deca Millionaire, who's now gone to part-time work as a radiologist. |
| 1:26.1 | One other thing I want you to know about is that we are doing |
| 1:29.4 | a real estate webinar. And I say we, it's going to be mostly me doing it. And this is my opinions |
| 1:35.4 | about real estate. And I'm going to teach you some things that have led to my success as a real |
| 1:40.2 | estate investor. We're going to do this on the 12th of November, 6 p.m. Mountain. |
| 1:44.8 | Okay, so that's five Pacific, eight o'clock Eastern. That's the time that seems to work best for |
| 1:49.7 | these webinars. I know it doesn't work for everybody. We will record it. We'll make it |
... |
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