MtoM #65 - Family Doc Achieves $0 Net Worth

White Coat Investor Podcast

Dr. Jim Dahle of the White Coat Investor

Medicine, Health & Fitness, Business, Investing

4.9 • 2.3K Ratings

🗓️ 9 May 2022

⏱️ 19 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

This Canadian family doc and her social worker partner applied to be a guest on the show when they achieved $0 net worth. But since applying they paid off all their student loans. They’ve had a savings rate of 60-70%! Tracking their lifestyle inflation percentage, concrete spending/savings goals and monthly financial meetings together have catapulted them to their goals. Here are some ideas for working together with your partner on your finances. https://www.whitecoatinvestor.com/7-ways-to-get-your-partner-on-board-financially/

A lot of physicians have questions about locum tenens, and https://locumstory.com is the place for them to get real, unbiased answers to those questions, basic questions like, “What is locum tenens?” to more complex questions about pay ranges, taxes, various specialties, and how locum tenens works. And then there’s the big question: is it right for you? Go to https://locumstory.com and get the answers.

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

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0:00.0	This is the White Code Investor Podcast, milestones to millionaire, celebrating stories of success
0:05.6	along the journey to financial freedom.
0:12.8	Hi and welcome to another episode of milestones to millionaire with the White Code Investor.
0:17.4	Today's episode is number 65, Family Doc reaches $0 in network.
0:22.8	Today's episode is sponsored by Look and Story.
0:25.6	Have you ever considered a different way of practicing medicine, whether you're burned out,
0:29.5	need a change of pace, or looking to supplement your income?
0:32.2	Locomptennians might be the solution for you.
0:34.8	Not sure where to start.
0:36.0	Look and Story.com is a place where you can get real unbiased answers to your questions.
0:41.0	They answer basic questions like, what is Look and Tenants to more complex questions about
0:45.3	pay ranges, taxes, and various specialties, and how Look and Tenants can work for you.
0:50.7	Go to Look and Story.com and get the answers.
0:53.3	All right, today we have a really special guest, Dr. Amanda Witten, who is here to share her story
1:00.0	about how her family reached a $0 net worth, which is amazing, given the fact that we have to go
1:07.4	so negative into debt in order to get into medical school.
1:11.2	She's a family physician and her partner's a social worker.
1:15.8	And also, they're here to celebrate a second achievement, which is paying off their student loan.
1:21.5	So, Dr. Witten, welcome.
1:23.4	Thank you so much for having me.
1:25.2	I've such a pleasure. I'm a big fan, so I feel so excited to be on this show today.
1:28.8	Oh, I'm so glad to have you.
	...

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