MtoM #25 - Psychiatrist Millionaire

White Coat Investor Podcast

Dr. Jim Dahle of the White Coat Investor

Medicine, Health & Fitness, Business, Investing

4.9 • 2.3K Ratings

🗓️ 2 August 2021

⏱️ 13 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

This psychiatrist has a net worth of 2 million dollars, 7 years out of training, despite living paycheck to paycheck with her 6 figure income, until a friend encouraged her financial education as an attending. https://www.whitecoatinvestor.com/why-many-doctors-live-paycheck-to-paycheck/

This episode is brought to you by 37th Parallel Properties. There's a substantial body of evidence supporting commercial real estate investing. As one of the good guys in the industry, 37th Parallel Properties is a partner I trust. They've been around for more than 10 years and still maintain100% profitable track record with clear reporting and excellent educational content. Many of my readers have invested with 37th Parallel and so have I. I've been happy with my investment. To check them out, hop on over to https://www.whitecoatinvestor.com/37parallel

The White Coat Investor has been helping doctors with their money since 2011. Our free financial planning resource covers a variety of topics from doctor mortgage loans and refinancing medical school loans to physician disability insurance and malpractice insurance. Learn about loan refinancing or consolidation, explore new investment strategies, and discover loan programs for specifically aimed at helping doctors. If you're a high-income professional and ready to get a "fair shake" on Wall Street, The White Coat Investor channel is for you!

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Transcript

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0:00.0	This is the White Co-investor podcast, Milestones 2 Millionaire,
0:04.5	celebrating stories of success along the journey to financial freedom.
0:09.0	Here is your host, Dr. Jim Dolly.
0:16.1	This is Milestones 2 Millionaire podcast number 25.
0:19.4	This episode is brought to you by 37 parallel properties. There's a substantial body of evidence
0:23.6	supporting commercial real estate investing. There's one of the good guys in the industry, 37
0:27.6	parallel properties as a partner I trust. They've been around for more than 10 years
0:31.1	and still maintain 100% profitable track record with clear reporting and excellent educational content.
0:36.6	Many of my readers have invested with 37 parallel and so have I. I've been happy with my investment.
0:41.0	Check them out hop on over to whitecodeinvestor.com slash 37 parallel.
0:46.7	All right, we've got a great episode for you today. Another millionaire on the show,
0:50.5	and I think you're really going to love this one. Let's get our guest on the show.
0:53.6	All right, our guest today is Maryam. Welcome to the Milestones 2 Millionaire podcast.
0:58.9	Thank you so much for having me. What is your specialty and how far are you out of training?
1:03.6	I'm a psychiatrist and seven years out of training.
1:06.4	And what is your approximate net worth?
1:09.0	It's about two million dollars.
1:10.8	About two million dollars, seven years out of training. Pretty awesome.
1:14.7	Thank you. And what's that divided up into?
1:17.2	So it's about 1.4 million investments, 400,000 in real estate and then the rest in cash.
1:26.9	Real estate like the house you live in or real estate investments?
1:30.0	Yeah, one is the equity in our current home that we're living in and one is an investment property that we have.
	...

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