MtoM #208: PM&R Resident Gets Back to Broke and Finance 101: Turning Your Home into a Rental Property
White Coat Investor Podcast
Dr. Jim Dahle of the White Coat Investor
4.9 • 2.3K Ratings
🗓️ 3 February 2025
⏱️ 32 minutes
🧾️ Download transcript
Summary
Today we are talking to a resident who is already back to broke. He had a leg up from fantastic parents who were able to help pay for his first few years of medical school. He is a great example of showing that you can get started on your financial journey before you even get your first attending paycheck. His secret to success is educating yourself early, living like a resident, and being extremely conscious of where you are spending you money. His next goal is aggressively paying off his student loans as soon as he is out of training. After the interview we are talking about flipping your home to a rental property for finance 101 and if that is a good idea or not.
With Weatherby Healthcare, you choose your own healthcare career path. Our locums experts then support you every step of the way, helping you find the right opportunities at the right times. We understand your professional and personal goals, and are experts at helping you achieve them. Let’s keep your career interesting with new locations and settings, and diverse patients and cases. And, just as importantly, let’s make sure you get more free time for your hobbies… or to just relax. We’ll help you find that balance. With more jobs in more locations, Weatherby gets you where you want to go. https://www.whitecoatinvestor.com/weatherby
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 208. |
| 0:16.5 | PM&R resident gets back to broke. |
| 0:19.8 | With Weatherby Healthcare, you choose your own health care |
| 0:21.9 | career path. Our Locum's experts then support you every step of the way, helping you find the right |
| 0:27.6 | opportunities at the right times. We understand your professional and personal goals and are |
| 0:32.1 | experts at helping you achieve them. Let's keep your career interesting with new locations |
| 0:37.4 | and settings and diverse |
| 0:38.7 | patients and cases. And just importantly, let's make sure you get more free time for your hobbies |
| 0:44.1 | or to just relax. We'll help you find that balance with more jobs and more locations. Weatherby |
| 0:50.0 | gets you where you want to go. Whitecoatinvesture.com slash weatherbee. |
| 0:55.7 | Welcome to the milestones to millionaire podcast. |
| 0:58.9 | We sure think this is a fun time. |
| 1:00.8 | We love having you guys on this podcast. |
| 1:03.3 | Every time I interview somebody, I'm like, no, have you listened to any of these episodes? |
| 1:06.7 | And most of them say, I listen to all of them. |
| 1:09.6 | And so they kind of know the drill. |
| 1:11.8 | You know, granted, there might be a little editing between the interviews we record and what actually gets published on the podcast. |
| 1:18.1 | But for the most part, there's very little editing that takes place in the content that we're recording as we do this podcast. |
| 1:25.1 | You're hearing the interviews we're having. |
| 1:28.2 | And I think they're interesting discussions. I like talking finance with doctors, though. So if you like listening to |
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