MtoM #62 - EM Resident Gets Back to Broke
White Coat Investor Podcast
Dr. Jim Dahle of the White Coat Investor
4.9 • 2.3K Ratings
🗓️ 18 April 2022
⏱️ 14 minutes
🧾️ Download transcript
Summary
This resident made a decision to let the student loan debt ride and offset it with building assets. That has helped him get back to broke. He has taken his financial knowledge and is paying it forward to his peers by completing a financial education curriculum. He shares the results of the curriculum in this interview. Learn how to establish a financial literacy curriculum in your program here: https://www.whitecoatinvestor.com/how-to-establish-a-financial-literacy-curriculum/
PearsonRavitz are Disability and Life Insurance Advisors founded BY and FOR physicians. This White Coat Investor-recommended agency grew out of one M.D.’s experience with a career-changing on-the-job injury. Today, PearsonRavitz serves the medical community in all 50 states. At PearsonRavitz, they help you as a doctor safeguard your most valuable asset — your income — so you can protect the most important people in your life — your family. PearsonRavitz makes human connections before they make quotes. Go to https://pearsonravitz.com today to schedule your consultation with a PearsonRavitz advisor.
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 Whitecode Investor Podcast, milestones to millionaire, celebrating stories of success |
| 0:05.6 | along the journey to financial freedom. |
| 0:12.7 | This milestones to millionaire podcast number 62, EM resident gets back to broke. |
| 0:18.4 | Pearson Ravits are disability and life insurance advisers founded by and four physicians. |
| 0:22.7 | This Whitecode Investor recommended agency grew out of one MD's experience with the career |
| 0:26.5 | changing on the job injury. Today Pearson Ravits serves the medical community in all 50 states. |
| 0:31.6 | At Pearson Ravits they help you as a doctor safeguard your most valuable asset, your income. |
| 0:35.9 | So you can protect the most important people in your life, your family. |
| 0:39.2 | Pearson Ravits makes human connections before they make quotes. Go to PearsonRavits.com today to |
| 0:43.5 | schedule your consultation with a Pearson Ravits advisor. All right, welcome back to the podcast. |
| 0:50.0 | This is milestones to millionaire. This podcast is about you and what you've accomplished, |
| 0:53.7 | whatever those milestones might be. Today we're going to be talking to someone who's accomplished |
| 0:58.5 | the first of the milestones on the pathway for most doctors, which is just getting back to broke. |
| 1:04.8 | So I'm looking forward to this discussion. Let's go ahead and get our guests on the line. |
| 1:09.3 | All right, today on the milestones millionaire podcast we have Dr. Scott Rupp. Welcome to the podcast, |
| 1:14.4 | Scott. Thanks, Jim. It's great to be here. First, we're going to do a little celebration here because |
| 1:19.3 | you have hit a milestone. You've gotten back to broke. Yes. Well, like I said, you may have caught |
| 1:25.5 | me right at the time where we had that market correction. So I check in the numbers today and |
| 1:30.2 | it's real plus minus like 5,000. Yeah. So we're recording this on March 8th and we're in the middle of |
| 1:37.7 | a bit of a market correction for sure. And so I think when Scott applied to be on the podcast, |
| 1:42.8 | he hit the milestone. And the wonderful thing about this is now he gets to hit it twice. So |
| 1:47.0 | two celebrations. It's great. But tell us about you and where you're at in your career, |
... |
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