MtoM #79 - Pilot Gets Back to Broke
White Coat Investor Podcast
Dr. Jim Dahle of the White Coat Investor
4.8 • 2.4K Ratings
🗓️ 15 August 2022
⏱️ 14 minutes
🧾️ Download transcript
Summary
This airline pilot has a net worth of $50K having paid off $78K in flight school loans, 2.5 years out of training. His income has only been $28K- $110K/year. His secrets to success? Working really hard and having a plan for every dollar. If your budgeting skills could use some help, check out this article. https://www.whitecoatinvestor.com/how-to-set-up-a-budget/
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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 is milestones to millionaire podcast number 79, pilot gets back to broke. |
| 0:17.3 | This podcast is brought to you by the Peak Housing Read, an investment opportunity that enables |
| 0:21.2 | you to passively invest in single-family rental units at scale. With a minimum investment of |
| 0:25.7 | $25,000, the Peak Housing Team can immediately put your money to work across seven rapidly growing |
| 0:30.3 | markets in the US. To learn more about the Peak Housing Read, visit whitecodeinvestor.com-slage-peak. |
| 0:36.9 | This is the milestones to millionaire podcast, where we celebrate your financial accomplishments |
| 0:41.8 | and use them to inspire others to do the same. I don't care what your accomplishment is, |
| 0:46.6 | we'll celebrate it with you. We've had some interesting ones called in in the last few months, |
| 0:52.0 | but whether you've become a Deca millionaire or whether you've just paid off your beater, |
| 0:57.1 | I don't care. We'll use your example to help others because there's somebody that's at your same |
| 1:02.0 | financial stage and they could use a little bit of encouragement and a little bit of inspiration. |
| 1:07.3 | So if you'd like to come on, go to whitecodeinvestor.com-slage-milesstones and apply. We'll see if we |
| 1:13.7 | can't get you on one of these episodes. All right, we've got a great guest today. He's a pilot, |
| 1:18.7 | early in his career. Let's bring him on. All right, my guest today on the milestones to millionaire |
| 1:24.1 | podcast is Sam. Welcome to the podcast. No, I appreciate you having me. We are celebrating a great |
| 1:29.3 | milestone. One of my favorites. You're back to broke. Congratulations. Thank you. |
| 1:34.5 | As it has a field, be back to broke. It's good. I'm a little past back to broke now and it |
| 1:40.9 | feels even better than it did then. It's cool. It's a lot of weight off my shoulders. That's a good |
| 1:45.5 | sign. With the way the markets are going this year, this year, I'm afraid people will come on to |
| 1:50.8 | do back to broke and actually not be there because the market changes. But I'm glad you're doing |
... |
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