MtoM #242: Solo Family Practitioner Reaches Financial Independence and Finance 101: Financial Independence

White Coat Investor Podcast

Dr. Jim Dahle of the White Coat Investor

Business, Health & Fitness, Investing, Medicine

4.9 • 2.3K Ratings

🗓️ 29 September 2025

⏱️ 29 minutes

🔗️ Recording | iTunes | RSS

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Summary

Today we are talking with a family doc who has reached financial independence. This doc has followed a path that not too many follow anymore. He is a solo practice doctor and feels like his decision to own his own practice made all the difference in both his lifestyle and his finances. He took a risk to not only open his own practice but also to build and own the building he practices in. Impressively, he is completely debt free and can now just watch his wealth grow. After the interview we will be talking more about financial independence for Finance 101.

More info on Value Based Care: https://www.cms.gov/files/document/fact-sheet-ssp-py24-financial-and-quality-results.pdf

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]m 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 #242
03:00 Solo Family Practitioner Reaches Financial Independence
16:06 Advice For Others
22:41 Financial Independence

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 242.
0:16.5	Solo family practitioner reaches financial independence.
0:19.7	This podcast is sponsored by Bob
0:21.4	Bayani at Protuity, an independent provider of disability insurance planning solutions to the medical
0:26.0	community in every state and a longtime white code investor sponsor. Bob specializes in working
0:31.2	with residents and fellows early in their careers to set up sound financial and insurance
0:34.9	strategies. If you need to review your disability insurance
0:37.5	coverage or just need to get this critical insurance in place, contact Bob at whitecodeinvestor.com
0:43.3	slash protuity, P-R-O-T-U-I-T-Y-T-Y. You can also email info at protuity.com or just call 973-771-9-1-0.
0:54.0	Don't forget, our Champions program is open now. Now, we're starting
0:58.6	earlier this year. This is the program we use to give first-year medical, dental, other professional
1:06.2	students a copy of the White Code Investor's Guide to Students. We can't send them individually. We can't afford it. We don't have the time nor the money to do it. We got to send them in bulk. So we want to give them to your entire class. All we need is somebody to volunteer to pass them out. That's the champion, right? And it's just a volunteer. It's not like a competition to become the champion. You just got to say, hey, I'll pass the books out. And you got to, you know, show us how many people are in your class, so on and so forth. We send you a box of books. You pass them out. That's the whole program. Okay, the White Code Investor Champions program. You can sign up at whitecodeinvestor.com slash champion. But think about the value you're providing to your classmates.
1:46.6	If you, you know, this information is where you. com slash champion. But think about the value you're providing to your classmates.
1:46.5	If you, you know, this information is worth a couple of million dollars to each of your
1:50.7	classmates early in their career, right? And there's a hundred of your classmates in your
1:55.1	class. That's $200 million worth of value that you can provide for them with what?
2:01.9	12 minutes of your time, however long it takes to pass these books out.
2:05.5	It's super easy.
2:07.5	It's totally free.
2:09.2	We'll even bribe you to do it.
	...

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