MtoM #203: Intern Saves Up an Emergency Fund and Finance 101: Year End Calculations

White Coat Investor Podcast

Dr. Jim Dahle of the White Coat Investor

Medicine, Health & Fitness, Business, Investing

4.9 • 2.3K Ratings

🗓️ 30 December 2024

⏱️ 24 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Today we are chatting with an intern who has saved up an emergency fund. He is only 4 months into residency and he has built up enough to cover two months of expenses. We love these smaller milestones that show starting small and getting on the right track now will set you up for success when you become an attending. This doc is going to hit the ground running and we are certain he will grow his wealth quickly. After the interview we are going to talk about year end calculations for Finance 101.

Resolve is the #1 rated physician contract team, reviewing 1000+ physician contracts every year. They empower physicians with location specific compensation data which leads to unparalleled leverage during the physician contract negotiation process. A physician contract lawyer is included and can negotiate on your behalf – alleviating the stress that can go along with reviewing complex legal terms. Flat-rate pricing and flexible schedules are designed for a physician’s schedules. Visit https://WhiteCoatInvestor.com/Resolve and use code WHITECOAT10 for 10% off!

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 Milestone to Millionaire podcast number 203.
0:17.1	Interns saves up an emergency fund.
0:20.2	Resolve is the number one rated position contract team, reviewing 1,000-plus physician contracts every year.
0:25.9	They empower physicians with location-specific compensation data, which leads to unparalleled leverage during the physician contract negotiation process.
0:33.5	A physician contract lawyers included can negotiate on your behalf, alleviating the stress
0:38.2	that can go along with reviewing complex legal terms.
0:41.2	Flat rate pricing and flexible schedules are designed for a physician's schedule.
0:45.0	Use code whitecoat 10 for 10% off, the whitecoat investor.com slash resolve.
0:51.1	All right, so those of you out there who could use a little more income, here's a way you can get it.
0:56.4	Paid surveys. This is for physicians, really. I know lots of you out there aren't docs and that's okay,
1:01.8	but this one's for physicians, all right? If you go to whitecoatinvestor.com slash physician surveys,
1:07.2	you will discover a number of companies who are willing to pay you for your opinion.
1:12.1	No big commitment.
1:13.5	If you don't have time, you don't do any.
1:15.3	If you got some time, you're sitting around waiting for a flight or you're veging on the
1:19.1	couch watching TV after a hard shift or whatever.
1:22.3	Why not get paid to do it?
1:24.0	Right?
1:24.3	Fill out a few of these surveys and they send you some money.
1:27.7	One of our columnists made $30,000 in a year just doing these surveys.
	...

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