MtoM #39 - Buying a Car with Cash
White Coat Investor Podcast
Dr. Jim Dahle of the White Coat Investor
4.8 • 2.4K Ratings
🗓️ 8 November 2021
⏱️ 12 minutes
🧾️ Download transcript
Summary
Our guest is a general dentist three years out of training. He has hit a couple of milestones, back to broke and a six figure net worth. But he came on the podcast today to celebrate buying a car with cash. He purchased a 2017 minivan with 20K miles and felt rich doing it! How much car can you afford? Check out this episode for the answer. https://www.whitecoatinvestor.com/how-much-car-can-you-afford/
At some point in our financial lives, it will be time to buy a home. A physician mortgage can be a good vehicle for a young doctor who's just out of school and has a more effective place to use their money than on a big down payment. These loans allow doctors to secure a mortgage with fewer restrictions and a lower down payment than a conventional mortgage. But if you're further advanced in your career or deeper into your journey to financial freedom, buying a home with a conventional mortgage and then, later on, potentially refinancing that loan to a better rate with a shorter time frame could be a great move. Wherever you are in your financial journey, make sure you use the mortgage that will be most financially beneficial for you. Hop over to our recommended tab to learn more about all of your mortgage and refinancing options at https://www.whitecoatinvestor.com/mortgage. You can do this and The White Coat Investor can help.
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, |
| 0:02.5 | 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 39, buy in a car with cash. |
| 0:21.4 | This podcast is sponsored by Bob Bionny at drdisabilityquotes.com. |
| 0:25.8 | He's an independent provider of disability insurance planning solutions to the medical |
| 0:29.2 | community in every state and a long time White Co-investor sponsored. |
| 0:32.8 | Specializes in working with residents and fellows early in their careers to set up |
| 0:35.9 | sound financial and insurance strategies. |
| 0:38.0 | If you need to review your disability insurance coverage or to get this critical |
| 0:40.9 | insurance in place, contact Bob drdisabilityquotes.com today by email info at drdisabilityquotes.com |
| 0:48.8 | or by calling 973-771-9100. |
| 0:54.0 | All right, we've got some interesting stuff today. |
| 0:58.6 | We have a new milestone that in the previous 38 episodes, we have never had |
| 1:04.0 | on this podcast. |
| 1:05.1 | And I'm really looking forward to getting into it today and talking about this particular milestone. |
| 1:09.5 | I've told you many times that whatever your milestone is, we'll celebrate it with you |
| 1:13.8 | and use it to inspire others to reach the same milestone. |
| 1:16.5 | And today, you're going to see that I wasn't kidding. |
| 1:18.5 | We're going to take a somewhat unique milestone and use it to inspire you to do the same. |
| 1:24.3 | Let's get our guest, Ricky on here. |
... |
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