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White Coat Investor Podcast

MtoM #37 - The Veterinarian Millionaires

White Coat Investor Podcast

Dr. Jim Dahle of the White Coat Investor

Medicine, Health & Fitness, Business, Investing

4.92.3K Ratings

🗓️ 25 October 2021

⏱️ 10 minutes

🧾️ Download transcript

Summary

This dual couple veterinarians, 7.5 years out of training, have a $2-4 million net worth depending on how you value their practice. They attributed their success to targeting debt aggressively and buying a practice. This couple has been able to get their income up but many would not consider veterinarians high income earners. Veterinarians share many of the same financial and life challenges faced by other medical professionals. And financial independence is still possible. https://www.whitecoatinvestor.com/financial-independence-on-a-low-income/

This podcast was sponsored by the Peak Housing REIT, a diversified single-family rental portfolio designed to deliver stable, passive income and appreciation while minimizing the impact of taxation. With a rare $25k minimum investment, this evergreen fund is breaking down the traditional barriers of investing in real estate with their strategy of building, acquiring and operating SFR properties in growing secondary cities. With a portfolio of homes totaling 1500 by the end of 2021, and a forecasted 10,000 homes by 2026, now is the time to invest in the Peak Housing REIT. Learn more at https://www.whitecoatinvestor.com/peak

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!

Be a Guest on The Milestones to Millionaire Podcast: https://www.whitecoatinvestor.com/milestones

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Transcript

Click on a timestamp to play from that location

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.

0:16.0

This is Milestones 2 Millionaire, podcast number 37, the millionaire veterinarian.

0:20.8

This podcast was sponsored by the Peak Housing Reat, a diversified single family rental portfolio

0:25.8

designed to deliver stable passive income and appreciation while minimizing the impact of taxation.

0:30.9

With a rare 25,000 minimum investment, this evergreen fund is breaking down the traditional barriers

0:36.6

of investing in real estate with their strategy of building, acquiring, and operating SFR

0:41.7

properties in growing secondary cities. With the portfolio of homes totaling 1500 by the end of

0:46.5

2021 and a forecasted 10,000 homes by 2026, now is the time to invest in the Peak Housing Reat.

0:53.0

Learn more at whitecoatinvestor.com slash Peak.

0:56.8

Welcome back to the Milestones 2 Millionaire podcast. This is the short version of the White Co-investor

1:01.2

podcast where we just have a guest on who has accomplished a financial milestone. Whatever that

1:07.3

might be, might be paying off debt, it might be achieving a net worth milestone or becoming

1:12.9

financially independent, whatever your milestone is. We want to celebrate it with you and use it to

1:18.2

inspire other listeners to do the same thing you have done. Today we have a special guest

1:23.3

and I'd like to get on. He is a veterinarian and a millionaire. Let's get him on the call.

1:29.2

Okay, we have Jason here with us. Jason, what is your profession and how far out of school are you?

1:34.3

My wife and I are veterinarians, just general practitioners, and we are about seven and a half

1:39.2

years out of school. And what is your approximate net worth? Depending on how you define it,

1:44.1

somewhere between two and four million at this point, a big variation based on how you

1:49.8

evaluate our practice as a business. That's always the most variable part, isn't it?

...

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