MtoM #234: Psychiatrist Opens a Private Practice and Still Manages to Pay Off Her Student Loans in 2 years and Finance 101: How to Invest at All Time Highs
White Coat Investor Podcast
Dr. Jim Dahle of the White Coat Investor
4.9 • 2.3K Ratings
🗓️ 4 August 2025
⏱️ 25 minutes
🧾️ Download transcript
Summary
Today we are celebrating a psychiatrist who opened a private practice and paid off her student loans only a few years out of residency. She said she is very debt averse and poured every dollar she could to crushing the loans. Not only did she tackle her loans but she also opened a private practice at the same time. She wanted to provide the highest quality of care for her patience and believed private practice was the best way to do that. She also wanted the freedom and flexibility that comes from working for herself. Opening a private practice was scary but she never doubted her decision and has been super successful. After the interview we are talking about investing when the market is at an all time high for Finance 101.
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, |
| 0:04.2 | celebrating stories of success along the journey to financial freedom. |
| 0:13.2 | This is Milestone to Millionaire podcast number 234. |
| 0:17.3 | Psychiatrist opens a private practice but still manages to pay off student loans in less than three years. |
| 0:23.3 | This podcast is sponsored by Bob Bayani at Protuity. |
| 0:26.1 | He is an independent provider of disability insurance planning solutions to the medical community in every state and a longtime white code investor sponsor. |
| 0:33.4 | 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 |
| 0:41.9 | this critical insurance in place, contact Bob at whitecoatinvestor.com slash protuity today. |
| 0:46.8 | You can also email info at protuity.com or you can just pick up your phone and call 973-771-910. |
| 0:56.0 | The Physician Wellness and Financial Literacy Conference, 2026 speakers have now been announced. |
| 1:01.3 | Head over to whitecodeinvestor.com slash WCiCon to see the full lineup and session topics. |
| 1:07.5 | Whether your career is just getting started or you're planning your exit strategy, this group of finance and wellness experts will help you get closer to the life you actually want. |
| 1:16.5 | Mark your calendar to join us, March 25th through 28th of the J.W. Marriott Las Vegas Resort and Spa in Beautiful Summerland, just west of the strip. |
| 1:24.5 | It's a peaceful desert retreat near the Red Rocks, one of my favorite |
| 1:28.1 | places, but still close enough to all the action on the strip. Early boarded registration |
| 1:32.9 | opens September 1st, sign up for a reminder to register with the lowest prices at whitecoatinvestor.com |
| 1:38.6 | slash WCICO. We have a great interview today. I think you guys are going to really like this when I |
| 1:43.9 | enjoyed doing it. |
| 1:45.0 | Stick around afterward. |
| 1:46.1 | We're going to talk about how to invest at all-time highs. |
| 1:51.3 | Our guest today on the Milestones to Millionaire podcast is Danielle. |
| 1:54.4 | Danielle, welcome to the podcast. |
... |
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