MtoM #232: Med Student Graduates Debt Free with Limited Parental Help and Finance 101: The Pennies Issue with the Backdoor Roth IRA
White Coat Investor Podcast
Dr. Jim Dahle of the White Coat Investor
4.9 • 2.3K Ratings
🗓️ 21 July 2025
⏱️ 25 minutes
🧾️ Download transcript
Summary
Today we are taking with a newly graduated med student who made it through school debt free. She worked four different jobs and ended up joining the National Guard to help cover costs. She worked hard to save up enough to pay cash for her first year of school before joining the military to cover the last 3 years. After the interview we are talking about the pennies issue with the backdoor Roth IRA.
This podcast is sponsored by Bob Bhayani at Protuity. He is an independent provider of disability insurance planning solutions to the medical community in every state and a long-time white coat investor sponsor. He specializes in working with residents and fellows early in their careers to set up sound financial and insurance strategies. If you need to review your disability insurance coverage or to get this critical insurance in place, contact Bob at https://whitecoatinvestor.com/protuity today, by email [email protected] or by calling (973) 771-9100.
The White Coat Investor has been helping doctors, dentists, and other high-income professionals with their money since 2011. Our free personal finance resource covers an array of topics including how to use your retirement accounts, getting a doctor mortgage loan, how to manage your student loans, buying physician disability and malpractice insurance, asset allocation & asset location, how to invest in real estate, and so much more. We will help you learn how to manage your finances like a pro so you can stop worrying about money and start living your best life. If you're a high-income professional and ready to get a "fair shake" on Wall Street, The White Coat Investor 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. |
| 0:13.2 | This is Milestones to Millionaire podcast number 232. |
| 0:16.9 | Medical student graduates from med school debt-free with limited parental health. |
| 0:21.7 | This podcast is sponsored by Bob Bayani at Protuity. |
| 0:24.8 | He's an independent provider of disability insurance planning solutions to the medical |
| 0:28.2 | community in every state and a longtime white coat investor sponsor. |
| 0:32.6 | He specializes in working with residents and fellows early in their careers to set up sound |
| 0:36.6 | financial and insurance strategies. If you need to review your disability insurance coverage or to get this |
| 0:42.1 | critical insurance in place, contact Bob at whitecoatinvestor.com slash protuity today by emailing |
| 0:49.0 | info at protuity.com or by calling 973-771-9100. All right. Welcome back to the podcast. This is the |
| 0:59.5 | milestones to Millionaire podcast. We try to celebrate your accomplishments, congratulate you, |
| 1:05.8 | and use them to inspire others to do what you have accomplished. You can apply to come on the |
| 1:10.4 | podcast, a whitecoat investor.com slash milestones. Okay, something I others to do what you have accomplished. You can apply to come on the podcast |
| 1:10.9 | at whitecoat investor.com slash milestones. Something I wanted to make sure you knew about was this |
| 1:17.1 | company we partnered with called Boldin, B-O-L-D-I-N. You can learn more at whitecoat investor.com |
| 1:23.3 | slash boldin. It's considered a perfect companion for DIY investors, especially if you want to use |
| 1:30.2 | alongside something like our fire your financial advisor course. You can empower yourself as a DIY |
| 1:35.4 | investor, take control of the variables that impact your wealth, retirement, timing, and long-term |
| 1:40.7 | financial security. Okay, for example, some of the features they have on there, it's a, it's a, you know, |
| 1:46.8 | calculator that you can use to run the numbers for your retirement, but they've got |
| 1:52.6 | custom withdrawal orders, right? |
... |
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