MtoM #53 - Dentist Reaches Financial Independence

White Coat Investor Podcast

Dr. Jim Dahle of the White Coat Investor

Medicine, Health & Fitness, Business, Investing

4.9 • 2.3K Ratings

🗓️ 14 February 2022

⏱️ 11 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

There is value in persistence. Even if you do not have the highest income, if you persistently save a significant percentage of it and invest it in a reasonable way, eventually it grows to be quite a sum of money, and you will free from the need to work for your money. A typical rule for financial independence is when you can live on 4% of your nest egg. Learn how to reach financial independence and retire early here: https://www.whitecoatinvestor.com/the-fire-movement/

DLP Capital now offers five funds giving more options to a wider range of investors– two that are brand-new to the market and three existing funds. All funds have the following criteria: 1) all DLP funds are evergreen, 2) they invest in critical workforce housing, 3) they are targeted to provide above-market returns, and 4) they pay preferred returns before DLP takes a management fee. For White Coat Investor referrals, the minimum investment for all of the above funds is only $200,000, compared to their normal investment minimum of $500,000. Check them out at https://www.whitecoatinvestor.com/DLP

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.
0:16.2	Milestones 2 Millionaire podcast number 53, dentist reaches financial independence.
0:21.2	TLP Capital now offers five funds, giving more options to a wider range of investors,
0:25.5	two that are brand new to the market, and three existing funds. All funds have the following
0:29.1	criteria. For Evergreen, they invest in critical workforce housing,
0:33.1	they are targeted to provide above market returns, and they pay preferred returns before
0:37.0	DLP takes a management fee. For White Co-investor referrals and minimum investments for all of the
0:41.6	above funds is only 200,000 compared to the normal minimum of 500,000. Check them out at
0:46.8	whitecoinvestor.com slash DLP. We've got a great episode today. We've got a dentist we're going
0:53.3	to bring on and talk about his accomplishments over the last couple of decades.
1:00.4	Okay, our guest today on the Milestones 2 Millionaire podcast is Dr. G. Welcome to the podcast.
1:05.2	Thank you very much. Thanks for having me on the show.
1:08.0	I understand you recently became financially independent.
1:11.0	That is correct. Awesome. Congratulations on that.
1:14.3	Thanks so much. Tell us what's your profession and specialty and how far are you out of your
1:20.0	schooling and training? I am in general dentistry and I'm about 20 years out of dental school.
1:26.9	20 years out of school. And what's your approximate net worth at this point?
1:30.5	It is about 7 million. Seven million. And what's that divided up into?
1:36.7	I've got about 5 million in the stock market, about 2 million in real estate, and about 2 million in
1:44.4	the dental practice. Okay, so 9 total then, huh? Awesome. And what's been your range of income
	...

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