MtoM #219: Veterinarian Gets Back to Broke in 10 Months and Finance 101: Mutual Funds
White Coat Investor Podcast
Dr. Jim Dahle of the White Coat Investor
4.9 • 2.3K Ratings
🗓️ 21 April 2025
⏱️ 21 minutes
🧾️ Download transcript
Summary
Today we hear from a Veterinarian who is back to broke only 10 months out of training. This vet lives in the midwest and really shows what geo arbitrage can do. He has a fantastic income and a very low cost of living and those two things make a huge impact on finances. He has paid off almost all of his student loans and has saved for a down payment at the same time. His frugality, smart decisions, and hard work has made all of this possible. Using those skills will ensure that he will be financially independent in no time. After the interview we will talk about mutual funds for finance 101.
Full disclosure, this is a sponsored promotion for Locumstory.com. But the weird thing here is there’s nothing they’re trying to sell you. Locumstory.com is simply a free, unbiased educational resource about locum tenens – it’s not an agency. They simply exist to answer your questions about the how-to’s of locums on their website, podcast, webinars, videos, and they even have a locums 101 crash course. Learn about locums and get insights from real-life physicians, PAs and NPs at https://Locumstory.com.
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 219. Veterinarian gets back to broke in 10 months. |
| 0:20.5 | Full disclosure, what I'm about to say is a sponsored promotion for locumstory.com. |
| 0:24.4 | But the weird thing here is there's nothing they're trying to sell you. |
| 0:27.3 | Locomstory.com is simply a free, unbiased educational resource about locum tenants. |
| 0:31.9 | It's not an agency. |
| 0:33.3 | They simply exist to answer your questions about the how-toes of Locums on their website, |
| 0:37.3 | podcast, webinars, podcast, |
| 0:37.9 | webinars, videos, and they even have a Locom's 101 crash course. |
| 0:41.1 | Learn about Locums and get insights from real-life physicians, PAs, and NPs at LocomStory.com. |
| 0:47.8 | All right. |
| 0:48.9 | Thanks for being out there in White Coat Investorland. |
| 0:51.2 | I know not all of you are hardcore do-it-yourselfers, and that's okay. |
| 0:56.4 | You can be financially successful without taking this on as your favorite hobby. |
| 1:00.8 | A lot of you, in fact, are delegators. |
| 1:02.7 | You want a money person that you can dump all this stuff on and have them take care of it. |
| 1:07.1 | Well, the best place to find a high-quality financial advisor that would give you good advice for a fair |
| 1:12.7 | price is our recommended advisor list. If you go to whitecoatinvestor.com slash financial dash advisors |
| 1:18.7 | or just go to the recommended tab on the website, you will see this list of folks. And know that at least, |
| 1:26.2 | you know, you're paying a fair price, getting good advice, |
| 1:28.5 | and you're going to be successful anyway. Does that maybe happen slightly slower than if |
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