MtoM #205: Emergency Doc Gets Back to Broke in One Year and Finance 101: Rollovers
White Coat Investor Podcast
Dr. Jim Dahle of the White Coat Investor
4.9 • 2.3K Ratings
🗓️ 13 January 2025
⏱️ 22 minutes
🧾️ Download transcript
Summary
This ER doc is back to broke only one year out of training. He decided to focus on investing and growing wealth instead of tackling his student loans. He refinanced before covid and got his loans locked in at a 2 1/2 percent interest rate, so he knew he could make more in the market. But don't worry he will have those loans paid off in only another 4 years. He is crushing the savings rate and will be a millionaire in no time. After the interview we will be talking about rollovers 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, |
| 0:04.2 | celebrating stories of success along the journey to financial freedom. |
| 0:13.3 | This is Milestones to Millionaire podcast number 205. |
| 0:16.7 | Emergency Doc gets back to broke in one year. |
| 0:20.0 | Resolve is the number one rated physician contract team, reviewing 1,000-plus position contracts |
| 0:25.0 | every year. |
| 0:26.1 | They empower physicians with location-specific compensation data, which leads to unparalleled |
| 0:30.7 | leverage during the physician contract negotiation process. |
| 0:34.2 | A physician contract lawyer is included and can negotiate on your behalf, alleviating the |
| 0:39.6 | stress and go along with reviewing complex legal terms. Flat rate pricing and flexible schedules |
| 0:44.3 | are designed for a physician's schedule. Use code white coat 10 for 10% off. All right, don't forget, |
| 0:50.8 | those of you who are first years out there or who know first years, right, |
| 0:54.9 | medical students, dental students, whatever students, okay? White Code Investor's Champion Program is in the |
| 1:00.2 | house. This only goes for a couple more months this year. And then you'll be second years and you no |
| 1:05.1 | longer qualify for it. Okay. What is the champion program? It is a book giveaway. We're giving away |
| 1:10.7 | the White Code Investors guide to students, but we can't afford to send them out one at a time. It's too much work. It's too much shipping cost. We got to send them boxes at a time. So we need someone willing to pass it out to their class. So if you're willing to do that, and nobody else in your class has yet volunteered, |
| 1:29.0 | you become your class champion, your WCI champion. And we'll send you the books and all you got to do is pass |
| 1:34.8 | them out. And in fact, if you'll take a picture with you and some of your classmates with the books, |
| 1:38.5 | we'll even send you some swag to go along with it, right? That's all it is. All you got to do is pass out some books. It's not too much work. But you know what? You can do a lot of good for a lot of people. This information |
| 1:48.7 | earlier in your career is worth millions of dollars over the course of your career. And you |
| 1:53.2 | multiply that by the number of people in your class. You can make a real difference for people. |
| 1:57.2 | So thanks for volunteering. You can sign up whitecoatinvestor.com slash champion. Last |
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