MtoM #82 - Gynecologist Gets Back to Broke
White Coat Investor Podcast
Dr. Jim Dahle of the White Coat Investor
4.8 • 2.4K Ratings
🗓️ 5 September 2022
⏱️ 15 minutes
🧾️ Download transcript
Summary
This physician had a swing of about $600K in net worth in 2.5 years, basically on one attending and one resident income. Have a financial plan. It works. Dedicating a big chunk of your income to building wealth works. It takes time. It isn't a get rich quick scheme. But it will work. You will become rich. https://www.whitecoatinvestor.com/why-youre-going-to-be-rich/
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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 82, |
| 0:15.3 | gynecologist gets back to broke. If you're considering locomotents either full time or on the |
| 0:20.5 | side, you probably have a question or two or 20. Fortunately, locomstory.com has the answers |
| 0:25.2 | you need. It's packed with unbiased information and advice from physicians like you. |
| 0:29.6 | locomstory.com is nothing to sell. It's simply a resource for information. You'll find super handy |
| 0:34.6 | tools that let you see locomotents trends for your specialty compared to different locomotents agencies. |
| 0:38.7 | There's even a quiz to help you decide if locomotents is right for you. |
| 0:41.9 | locomstory.com is a perfect place to start if you want to learn more about locomotents. |
| 0:47.5 | It's great being back on the podcast. We've got a great interview today. I know you're going to enjoy |
| 0:51.8 | it. Let's get Neelu on the phone. Our guest today is Neelu. Welcome to the milestones to millionaire |
| 0:59.6 | podcast. Thank you. I'm very excited to be here. You should be excited. You've accomplished something |
| 1:05.3 | awesome. I understand you are back to broke. Yeah, that feels kind of like an accomplishment. |
| 1:15.7 | Definitely in the in the timeframe, it certainly feels good. Yeah, I mean, this is a major |
| 1:21.4 | accomplishment. This is perhaps it's the first accomplishment on the pathway to become a millionaire. |
| 1:28.8 | But it is no small feat. First before we get into the numbers, tell people what you do for a living. |
| 1:36.2 | I am an OBGYN, a generalist. Okay, so just standard bread and butter, OBGYN practice. |
| 1:43.1 | Yep, pretty much exactly. Employed or a partner or a practice owner. |
| 1:48.6 | I work for a hospital owned practice in a kind of a smaller part of Indiana, a smaller hospital in |
| 1:58.6 | Indiana, although we're trying to grow. Okay. And how far are you out of training? |
| 2:03.3 | I graduated from residency in 2019. So just what now three years? Yeah, two and a half, |
... |
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