MtoM #239: A Professor and a Dentist Become Multimillionaires and Finance 101: Financial Waterfalls
White Coat Investor Podcast
Dr. Jim Dahle of the White Coat Investor
4.9 • 2.3K Ratings
🗓️ 8 September 2025
⏱️ 20 minutes
🧾️ Download transcript
Summary
Today we are chatting with a professor who has become a multimillionaire. His wife is a dentist who owns a private practice. They are both about 10 years out of training. They are debt averse and excel at tackling their goals. He said they have worked hard to pay off their mortgage, saved to build wealth, and they have also started their real estate journey by purchasing their first rental property. One of their big secrets to success is having a monthly date night where they go over and discuss their finances. This keeps them focused on their goals and helps them ensure they are doing everything they can to meet those goals. For Finance 101 we are talking about financial waterfalls.
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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00:00 MtoM Podcast #239
02:00 Multimillionaire Status
09:50 Advice For Others
13:50 Financial Waterfalls
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 Milestones to Millionaire podcast number 239. |
| 0:16.8 | A professor and a dentist become multimillionaires. |
| 0:20.1 | This podcast is sponsored by Bob Bayani at Protuity. |
| 0:23.2 | He's an independent provider of disability insurance planning solutions to the medical |
| 0:26.7 | community in every state and a longtime white coat investor sponsor. |
| 0:30.9 | He specializes in working with residents and fellows early in their careers to set up sound |
| 0:34.3 | financial and insurance strategies. |
| 0:35.8 | If you need to review your disability |
| 0:37.6 | insurance coverage or to get this critical insurance in place, contact Bob at www. whitecoatinvestor.com slash protuity, P-R-O-T-U-I-T-Y-T-Y-Y-T-Y-Y-Y-T-Y-Y-E-Y-E-R-O-T-Y-E-E-L-E. 973-771-910. |
| 0:55.9 | Disability insurance. |
| 0:57.1 | If you don't have it |
| 0:57.9 | and you are depending on your income, you need it. Get it in place today. All right, don't forget |
| 1:04.5 | if you have interests in real estate investment, particularly if you were interested in investing |
| 1:10.0 | passively in real estate, |
| 1:11.8 | check out our opportunities list. This is a list where we introduce you to companies, |
| 1:16.7 | mostly fund providers, private fund providers, that offer real estate investments. You know, |
| 1:22.6 | and this might be on the debt side, it might be on the equity side, whatever. There's a bunch of |
| 1:26.1 | different options there. We have a turnkey provider on there, lots of different ways you can invest in real estate. |
| 1:31.4 | You can find all that at whitecoatinvestor.com slash re-opportunities. |
| 1:37.0 | But this is the milestones to millionaire podcast. This podcast is driven by you. |
... |
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