MtoM #93 - Dermatology Resident Dumps His Lease
White Coat Investor Podcast
Dr. Jim Dahle of the White Coat Investor
4.8 • 2.4K Ratings
🗓️ 21 November 2022
⏱️ 18 minutes
🧾️ Download transcript
Summary
This derm resident has just begun his journey to financial independence. He is learning from mistakes made in his early years and changing his ways. Today we celebrate one of the first of what will surely be many financial milestones for him! He dumped his lease and bought a beater that he now owns outright. He is now saving for his family's future. If you want to learn more about saving while still in residency, check out this article: https://www.whitecoatinvestor.com/the-five-big-money-items-you-should-do-as-a-resident/
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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 White Code Investor Podcast, milestones to millionaire, celebrating stories of success |
| 0:05.6 | along the journey to financial freedom. This is milestones to millionaire podcast number 93, |
| 0:15.5 | Durham resident dumps his lease. This podcast is sponsored by Bob Bionny at drdisabilityquotes.com. |
| 0:21.8 | He's an independent provider of disability insurance planning solutions to the medical |
| 0:25.2 | community in every state and a long time White Code Investor sponsor. He specializes in working |
| 0:30.1 | with residents and fellows early in their careers to set up sound financial and insurance strategies. |
| 0:34.7 | If you need to review your disability insurance coverage or need to get this critical |
| 0:38.2 | insurance in place, contact Bob at drdisabilityquotes.com today by emailing info at drdisabilityquotes.com |
| 0:45.2 | or by calling 973-7719-100. All right, I have been telling you on this podcast for years that we |
| 0:54.9 | will celebrate any milestone, any financial milestone you have accomplished. I will celebrate with |
| 1:01.1 | you and use it to inspire somebody else to do the same. We have a new milestone today that we |
| 1:05.6 | have never had on the podcast and I'm pretty excited about it. So let's get Mike on the line and |
| 1:12.4 | talk about this milestone that he has accomplished. Well, our guest today on the milestones to millionaire |
| 1:18.5 | podcast is Mike. Welcome to the podcast. Thank you. Thank you so much for having me. It's been a long |
| 1:23.5 | time coming. It's awesome to have you on here. You know, we were chatting just before we started |
| 1:27.6 | recording. You've actually listened to all of the milestones podcast. Oh, yeah, absolutely. |
| 1:33.6 | And then some too. That's the small feat. So it helps me stay focused financially. |
| 1:39.7 | Yeah. Well, focus is important, especially at the beginning. And we're going to be talking a lot |
| 1:45.7 | about being at the beginning today. But let's tell everybody where you're at in life. What are you |
| 1:51.2 | doing? What's your job? What do you do? So I'm a third year or PGY3 second year |
| 1:57.7 | dermatology resident. My wife, we recently got married three weeks ago now is a thank you PGY3 |
| 2:06.2 | and a speciology resident. So we don't have kids. We have a loving Bernadudeau who is about |
... |
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