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White Coat Investor Podcast

MtoM #20 - Psy-Fi MD Millionaire

White Coat Investor Podcast

Dr. Jim Dahle of the White Coat Investor

Medicine, Health & Fitness, Business, Investing

4.92.3K Ratings

🗓️ 28 June 2021

⏱️ 14 minutes

🧾️ Download transcript

Summary

This doctor couple went from -500K to millionaire status in 9 years with an income ranging from $200-$500K. What makes this episode different is that one of them became disabled during that time. They had to sell the practice and collect disability insurance payments. There is a reason disability insurance is the first step in our Bootcamp. Here is what you need to know about disability insurance. https://www.whitecoatinvestor.com/what-you-need-to-know-about-disability-insurance/

https://StudentLoanAdvice.com is a White Coat Investor company created to help doctors, dentists, and other high earners tackle and defeat their student debt. Letting a professional guide you through the best options to manage your loans will save you hours of research and stress and potentially save hundreds to thousands of dollars with your custom student loan plan. Book a consult with Andrew Paulson, the Lead Student Loan Consultant and Co-Founder of https://StudentLoanAdvice.com 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 for 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

Main Website: https://www.whitecoatinvestor.com
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Transcript

Click on a timestamp to play from that location

0:00.0

This is the White Co-investor podcast, Milestones 2 Millionaire,

0:04.5

celebrating stories of success along the journey to financial freedom.

0:09.0

Here is your host, Dr. Jim Dolly.

0:16.1

This Milestones 2 Millionaire podcast number 20, Sci-Fi MD Millionaire.

0:22.0

Studentaloneadvice.com is a White Co-investor company created to help doctors,

0:25.8

dentists and other high earners tackle and defeat their student debt.

0:29.1

Letting a professional guide you through the best options to manage your loans will save you hours of research and stress,

0:34.4

and potentially save hundreds to thousands to even more dollars with your custom student loan plan.

0:40.9

Book a consult with Andrew Paulson, the lead student loan consultant and co-founder of studentaloneadvice.com today.

0:47.3

All right, I was on the Reddit the other day in the White Co-investor subreddit and came to my attention

0:53.6

a thread there about one of our Milestones 2 Millionaire episodes, number 10. Apparently, when we did

1:00.0

the episode, the numbers in the episode, as was a millionaire episode, didn't quite add up to

1:05.6

a million dollars. And what it turned out to be, once we dove into it, was that person had actually

1:11.0

reported them wrong a little bit and had rather than the value of the home, they'd used the equity

1:18.3

of the home at any rate. All the numbers actually did add up to them being millionaires and so,

1:24.0

don't worry, they still qualified as millionaires, but it kind of illustrated a point, right? We're

1:29.6

not auditing people on this podcast. They don't have to send in their brokerage statements and

1:34.3

their zilo of their house to show that they're actually millionaires. All right, we're taking their

1:38.9

word for it. And the podcast is meant for inspiration, right? For people who have done something

1:45.2

cool financially and we want to celebrate with them and we want to use their experience to inspire

1:50.2

others to do the same. So obviously, some people are going to have an easier time than others, right?

1:55.1

If you come out of medical school with no debt because your parents paid for your medical school,

...

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