MtoM #84 - Primary Care Doc Gets Back to Broke
White Coat Investor Podcast
Dr. Jim Dahle of the White Coat Investor
4.8 • 2.4K Ratings
🗓️ 19 September 2022
⏱️ 14 minutes
🧾️ Download transcript
Summary
This doctor shows that you can be successful in primary care even with a large loan burden. You can do it in a lot of different ways. All you have to do is become financially literate, have some kind of a plan, have a reasonable amount of financial discipline and you will make progress. You will have the success that you want. This post will help you get a plan: https://www.whitecoatinvestor.com/how-to-write-an-investing-personal-statement/
If you are finding our podcasts informative and helpful, check out our website! Since 2011 we have been working hard to provide valuable personal finance and investing information through thousands of blog posts written by an array of authors. You can find information on how to manage your student loans, fix and avoid common financial mistakes, understand your retirement accounts, optimize your investments, find professional help at a fair price, get started investing in real estate, and so much more, all at no cost to you. You can find out more about the courses we offer, the conferences we put on, the newsletters we provide, and interact with other WCI readers through our online forum. Head on over to https://www.whitecoatinvestor.com to start learning today. You can do this and The White Coat Investor can help.
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 84. Primary care doc gets back to broke. |
| 0:17.6 | This podcast is brought to you by MLG Capital. Over the last 35 years, MLG Capital is focused on |
| 0:22.7 | making smart investments in real estate and building relationships with our investors. |
| 0:26.5 | So our investor-centric fund structures accredited investors invest their money with confidence |
| 0:30.8 | in funds that target diversification, prioritize cash flow and low leverage with unique dual |
| 0:35.7 | sourcing strategy. I'm sure about investing due to rising inflation or volatility in stock markets, |
| 0:40.7 | investing in real estate is historically one of the best hedges against inflation. |
| 0:45.1 | If you're a medical professional, would like to learn more about investment with MLG, |
| 0:48.4 | visit whitecodeinvestor.com slash MLG, MLG Capital, smart investments, relationship driven. |
| 0:55.0 | All right, well, this is the third week in a row when we have a whitecode investor who's gotten |
| 1:02.0 | back to broke. We started with a OBGYN and we had an anesthesiologist. Today, we have a primary |
| 1:08.3 | care doc. I hope you're getting the message that your specialty doesn't matter so much. It's more |
| 1:14.7 | about what you do with that income when you get it. If you have a plan for your income and that |
| 1:20.8 | first year out of residency, you can use it to build wealth, whether that's paying down debt, |
| 1:25.3 | whether that is investing, whether that is getting into your dream house, etc. You can do it. |
| 1:32.0 | You just got to have a plan and then work your plan. Let's get today's guest Matt on the line and |
| 1:37.6 | talk about his plan. All right, our guest today on the milestones to millionaire podcast is Matt. |
| 1:43.5 | Welcome to the podcast. Thanks for having me. So tell everybody a little bit about you. What do you do |
| 1:49.0 | for living? How far are you out of training? Some of primary care doctor and turtle medicine trained. |
| 1:54.2 | I finished residency in June of 2020 just after the pandemic started. Started working at my full-time |
... |
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