MtoM #216: Two Doc Couple Gets Back to Broke While Raising Kids in New York City and Finance 101: Mortgages
White Coat Investor Podcast
Dr. Jim Dahle of the White Coat Investor
4.9 • 2.3K Ratings
🗓️ 31 March 2025
⏱️ 28 minutes
🧾️ Download transcript
Summary
Today we have a two doc couple on the podcast who are back to broke. This couple lives in NYC, has two young children and had nearly $1 million in student loans at the end of training. They have worked hard to get on the same page, save and build wealth, and still have fun living their lives in the process. They talked about the need to know what you care about and what you don't. They care more about travel than a fancy expensive apartment. Knowing what you value is critical. After the interview we are talking about mortgages for Finance 101.
Today’s sponsor, Black Swan Real Estate, offers accredited investors access to private multifamily real estate investments with an investor-first model. Unlike most firms, Black Swan collects no GP-level fees and takes no profit until investors receive a full return of capital. Their physician-led team brings a hands-on approach to managing their $375M portfolio, ensuring every asset is optimized for cash flow, appreciation, and tax advantages. With a track record of meeting and exceeding return targets, Black Swan Real Estate provides stability and growth for long-term wealth building. Discover more at https://www.whitecoatinvestor.com/blackswan
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 216. |
| 0:16.7 | Two-Doc couple gets back to broke while raising kids in New York City. |
| 0:20.9 | Are you ready to take control of your financial future through investments that you can |
| 0:24.5 | personalize to your specific goals? |
| 0:26.9 | Black Swan Real Estate specializes in helping high-income professionals, including physicians, |
| 0:31.2 | achieve financial freedom through private multifamily real estate investments. |
| 0:35.3 | With over 13 years of experience at $375 million portfolio and |
| 0:39.8 | 1600 plus units under management, Black Swan offers unique opportunities that put investors first. |
| 0:45.6 | They operate with no GP level fees ever, structurally virtually unheard of in the industry. |
| 0:52.7 | Led by physician Dr. Elaine Stagerberg and supported by a vertically integrated team, |
| 0:56.8 | Black Swan ensures hands-on management and a proven track record of strong, stable returns. |
| 1:01.4 | Learn more about their investor-aligned approach, a whitecoatinvestor.com slash Black Swan. |
| 1:06.5 | All right, welcome back to the milestones to Millionaire Podcast. |
| 1:09.0 | This is a podcast driven by you. |
| 1:11.1 | We want to celebrate your milestones with you and use them to inspire others to do the same. |
| 1:17.6 | You can apply to come on this podcast at whitecoatinvestor.com slash milestones. |
| 1:22.4 | As a reminder, something going on right now through April 8th is $100 off our newest online course. |
| 1:30.6 | This is our continuing financial education 2025 course. |
| 1:34.8 | This is good for CME. |
| 1:36.6 | I think it's 17 credit hours of CME. |
... |
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