MtoM #249: Emergency Physician Becomes a Multimillionaire by Mid-Career and Finance 101: Real Estate Syndications
White Coat Investor Podcast
Dr. Jim Dahle of the White Coat Investor
4.9 • 2.3K Ratings
🗓️ 17 November 2025
⏱️ 26 minutes
🧾️ Download transcript
Summary
Today we are talking with an emergency doc who has become a multimillionaire. We love this conversation because he has the most boring and consistent financial story. He didn't build a real estate empire or get lucky with Crypto or some fancy investment. He just has a written financial plan that he has followed consistently. He built wealth the boring old fashioned way, with nothing fancy, but lots of success. He feels strongly about spending on what you are passionate about and being cheap on the things you don't care about. He spends lavishly on travel and even has a language tutor. He currently speaks 4 languages and has been to 45 countries. After the interview we are talking about real estate syndications for Finance 101.
Mortar Group is a premier real estate investment firm focused on multifamily properties in both ground up and value add projects in the competitive markets of New York City since early 2000s. With over $300 million in assets under management and over 30 investments since inception, their fully integrated firm model allows Mortar to maximize efficiency and value across their investments in these niche markets. Mortar leverages over two decades of experience in architecture, development and asset management in their projects to build value and minimize risk for investors. Invest in tax efficient, high return, risk adjusted strategies with Mortar Group at https://whitecoatinvestor.com/mortar
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 #249
04:58 Emergency Doc Becomes a Multimillionaire
09:20 Advice For Others
21:35 Real Estate Syndications
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 249. |
| 0:16.9 | Emergency physician becomes multimillionaire by mid-career and finds a silver sword. |
| 0:22.6 | Mortar Group is a premier real estate investment firm focused on multifamily properties in both ground-up and value-add projects in the competitive markets of New York City since the early 2000s. |
| 0:31.6 | With over 300 million in assets under management and over 30 investments since inception, their fully integrated firm model |
| 0:38.0 | allows Mortar to maximize efficiency and value across their investments in these niche markets. |
| 0:43.1 | Mortar leverages over two decades of experience in architecture, development, and asset management |
| 0:47.6 | in their projects to build value and minimize risk for investors. |
| 0:51.3 | Invest in tax-efficient, high return, risk-adjusted strategies with Mortar Group |
| 0:54.7 | at whitecoatinvestor.com slash mortar. All right, welcome back to the podcast. I just got back from a |
| 1:01.0 | canyaneering trip. I try to do a couple of those a year, and it's always a lot of fun. This one was great. |
| 1:07.9 | I got to take Michelle, who is my sister, but also many of you may know because |
| 1:13.7 | she's represented us on social media for years now. So if you've met her at the conference or if |
| 1:18.3 | you interacted with her on social media, you know who she is, took her along for her first |
| 1:22.7 | kind of high-level canyering trip. And, you know, mind-blown, of course, when you realize these sorts |
| 1:29.2 | of places exist in the world. But on our first day, we got into a pretty technical canyon that was |
| 1:35.5 | in what we call hard mode, which usually means the amount of water in the canyon is not very high. |
| 1:40.9 | And so it makes some of the challenges we deal with even more challenging. This is not a published |
| 1:46.0 | canyon. It's a canyon that's maybe only been done about four or five times. And it was my third |
| 1:51.5 | time doing it. So I've been on most of the trips that anybody's been through this canyon. But we got |
| 1:57.3 | toward the end part of it after a long day because it'd take us much longer than we expected. |
... |
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