MtoM #43 - Doc Dumps Whole Life Policy And Becomes Millionaire
White Coat Investor Podcast
Dr. Jim Dahle of the White Coat Investor
4.9 • 2.3K Ratings
🗓️ 6 December 2021
⏱️ 20 minutes
🧾️ Download transcript
Summary
This doctor followed advice of WCI to navigate complexities of a 1035 exchange, and recovered from many poor insurance products he was sold. Only 2 years after becoming financially literate he reached millionaire status, proof you can recover from financial mistakes and achieve success fairly quickly. Check out the 10 biggest Financial Mistakes Physicians Make & How to Avoid Them https://www.whitecoatinvestor.com/stupid-doctor-tricks-biggest-financial-mistakes/
This podcast is sponsored by Bob Bhayani at https://drdisabilityquotes.com. He is an independent provider of disability insurance planning solutions to the medical community in every state and a long-time white coat investor sponsor. He specializes in working with residents and fellows early in their careers to set up sound financial and insurance strategies. If you need to review your disability insurance coverage or to get this critical insurance in place, contact Bob at https://drdisabilityquotes.com today by email [email protected] or by calling (973) 771-9100.
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. |
| 0:16.0 | This is Milestones 2 Millionaire podcast number 43. Doc dumps whole life policy and becomes a millionaire. |
| 0:22.3 | This podcast is sponsored by Bob Bionny, DRDisabilityQuotes.com. He's an independent |
| 0:26.8 | provider of disability insurance planning solutions to the medical community in every state |
| 0:30.8 | and a long time White Co-investor sponsor. Specializing and working with residents and fellows, |
| 0:35.3 | early in their careers to set up sound financial and insurance strategies, |
| 0:38.9 | can you do review your disability insurance coverage or to get this critical insurance in place? |
| 0:42.9 | Contact Bob, DRDisabilityQuotes.com today. By emailing info at DRDisabilityQuotes.com or by |
| 0:49.7 | simply calling 973-771-9100. All right, we got a great episode for you today. This is actually one |
| 0:57.0 | of our WCI columnists and it's a pretty interesting story because he was not doing so well for quite |
| 1:04.0 | a number of years as an attending physician and then became financial literate and everything changed. |
| 1:11.0 | I think you're going to enjoy hearing about how he did that as well as what he did with the |
| 1:16.0 | whole life insurance policy that he realized he never should have bought. Let's get him on the line |
| 1:20.9 | here. All right, so my guest today on Milestone to Millionaires podcast or Milestones to Millionaires |
| 1:26.9 | podcast, I guess it is, is Dr. Ricky Ricella, neurologist also a WCI columnist. Welcome to the podcast. |
| 1:34.4 | Jim, thank you so much. It's a huge honor. Thank you for all that you do for us and all the other |
| 1:38.5 | high income professionals. Well, this is going to be an interesting podcast because we're going to |
| 1:42.5 | celebrate with you your newfound status and also talk a little bit about one of the kind of unique |
| 1:48.9 | things you did on your way there. But let's start with just the basics. What's your profession and |
| 1:54.8 | how far are you out of school? Yeah, so like you said, so neurologist and based out of New Jersey, |
... |
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