MtoM #31 - Millionaire Dentist
White Coat Investor Podcast
Dr. Jim Dahle of the White Coat Investor
4.9 • 2.3K Ratings
🗓️ 13 September 2021
⏱️ 13 minutes
🧾️ Download transcript
Summary
As this dentist demonstrated, owning your own practice pays off. Everything extra comes to you. Save and invest that extra and you’ll be a multimillionaire. If you’ve been thinking about starting your own practice, check out these tips: https://www.whitecoatinvestor.com/medical-practice-startup/
By lowering out-of-pocket medication costs, GoodRx estimates it has helped patients get at least 78 million prescriptions they otherwise may not have been able to afford. Hand out GoodRx savings cards to your patients or recommend the GoodRx app, and you could be saving them up to 80% on prescriptions. Helping patients afford their prescriptions makes it more likely they will adhere to their treatment. GoodRx is accepted at over 70,000 U.S. pharmacy locations, no insurance needed, and all patients have to do is show the card or app to the pharmacist to save. Learn more at https://goodrx.com/WCI
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 31, a millionaire dentist. |
| 0:21.3 | Did you know that since 2011, GoodRx has helped Americans save approximately 30 billion |
| 0:26.0 | on their prescription costs? That's a lot of money saved. But GoodRx is about much more than |
| 0:30.6 | saving people money. GoodRx also helps people afford and adhere to the treatment plans |
| 0:35.2 | of doctors' prescribing. In fact, by lowering out of pocket medication costs, GoodRx estimated |
| 0:40.0 | it as help patients get at least 78 million prescriptions, the otherwise may not have been able |
| 0:44.0 | to afford. That increased level of adherence thanks to GoodRx leads directly to better health |
| 0:48.5 | outcomes. So recommend GoodRx and help your patients save up to 80% on their prescription so |
| 0:52.8 | they can afford, start and stay on their treatment. Learn more at GoodRx.com slash WCI. |
| 0:59.2 | All right, we've got a great interview for you today. Let's get our guest on the phone and talk |
| 1:03.4 | about him and his recent milestone. All right, we have Dr. X on the phone today. Welcome to the |
| 1:10.8 | Milestones 2 Millionaire podcast. Thank you very much and I'd like to take this opportunity to |
| 1:16.6 | thank you so much for everything you do for all of us out there in the medical profession. And |
| 1:23.9 | I kind of have to say I really wish we had service like the White Code Investor when I first |
| 1:30.9 | started. Yeah, me too. Now that you mentioned it. Yeah, yeah, yeah. Because we have some similarities |
| 1:36.8 | in that when I first started, I ran into a lot of problems with, I didn't have the right |
| 1:43.5 | help coming out. And I decided to defer all my investments to financial advisors that later on |
| 1:51.4 | I found out we're really just salesmen. And I'm not saying there aren't good ones because I know |
| 1:56.5 | there's quite a few good ones, but it's just a matter of finding the right one. And I just wish |
... |
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