MtoM #206: Urologist Becomes a Millionaire and Finance 101: Changing Your Family Tree
White Coat Investor Podcast
Dr. Jim Dahle of the White Coat Investor
4.9 • 2.3K Ratings
🗓️ 20 January 2025
⏱️ 28 minutes
🧾️ Download transcript
Summary
This doc has become a millionaire just 4 years out of training. He comes from a two doc family who saved up enough to cover the cost of under grad and medical school. Getting out of training with no debt made a massive impact on his financial future. He expressed a huge amount of gratitude. He also said he was not financially literate and did not really learn about finances until he picked up the WCI book during residency. Between the help from his parents and becoming financially literate he was able to hit the ground running and start building his wealth. His big advice to you is before you get a paycheck, have a plan for it. His next goal is to celebrate his upcoming wedding and then to start saving for house, which is no small goal in New York City where he lives. Stick around after the interview to talk about changing your family tree for Finance 101.
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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 podcast, Milestones to Millionaire, celebrating stories of success |
| 0:06.0 | along the journey to financial freedom. |
| 0:13.3 | This is Milestones to Millionaire podcast number 206. |
| 0:16.5 | Urologist becomes a millionaire. |
| 0:18.6 | One of the most underrated financial moves in medicine is working locum tenants. It pays significantly more on average and you can work Locum's full time or on the side of your full time. When you work with Comp Health, the number one staffing agency that 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 |
| 0:37.9 | want, when you want, with a schedule that works for you. It's the perfect way to get ahead financially |
| 0:42.9 | while getting focused on what you'd love. Whether it's Locum tenants or a regular permanent position, |
| 0:48.9 | go to whitecoat investor.com slash comp health to build your career, your way, with the power of comp health. |
| 0:56.4 | All right, welcome back to the milestones podcast. |
| 0:58.8 | This is podcast. |
| 0:59.6 | It's all about you. |
| 1:01.5 | We want to celebrate your milestones, use them to inspire somebody else to do the same. |
| 1:08.5 | The other thing we do to inspire white code investors every year is we put on a |
| 1:12.2 | conference you may not have heard of. It's called the Physician Wellness and Financial Literacy |
| 1:16.5 | Conference or WCICON. And WC. Icon 25 this year is going to be in San Antonio, February 26th through March |
| 1:26.6 | 1st. |
| 1:32.8 | However, you only got a week until the hotel block is going to close. |
| 1:38.4 | Okay, so if you want to get a discounted room at the conference hotel in San Antonio, |
| 1:40.6 | it's actually outside of San Antonio in the Hill Country, |
| 1:43.5 | then you only have until the 27th to book that. So it's really a good time to book |
| 1:45.6 | now if you want to come in person to the conference. So I'm going to bribe you to do it. |
| 1:52.4 | $200 off using code save $200. You can come to the conference for $200 off. Now, if you just can't make |
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