WCI #105: How to Think About Money with Jonathan Clements
White Coat Investor Podcast
Dr. Jim Dahle of the White Coat Investor
4.8 • 2.4K Ratings
🗓️ 9 May 2019
⏱️ 59 minutes
🧾️ Download transcript
Summary
Our guest this episode is Jonathan Clements, a previous WSJ columnist, the blogger behind HumbleDollar.com, and the author of 8 books (7 financial and a novel) including one of my all time favorites, How to Think About Money. From Jonathan, "There are those who think the goal of investing is to beat the market and amass as much wealth as possible, that street smarts and hard work ensure investment success, and that the road to happiness is paved with more of everything. And then there are those who get it. Want a more prosperous, less stressful financial life?" Listen to this episode.
No more wading through dozens of books at the library, scrolling through hundreds of blog posts on dozens of blogs, or checking in daily with online forums trying to gain a financial education the way the hobbyists do. For a fraction of the price of hiring a professional financial planner, the Fire Your Financial Advisor online course will take you from feeling anxious and having no plan to having a written financial plan you can follow the rest of your investing career as a professional and a retiree. This course is the material that should have been taught to you in college, medical school, or residency but never was. Fire Your Financial Advisor also has a version eligible for CME credit. Get your financial life in order today. Go to https://www.whitecoatinvestor.com/courses to sign up. 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 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 is for you!
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Transcript
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| 0:00.0 | This is the White Coat Investor Podcast, where we help those who wear the white coat get a fair shake on Wall Street. |
| 0:06.0 | We've been helping doctors and other high-income professionals stop doing dumb things with their money since 2011. |
| 0:12.0 | Here's your host, Dr. Jim Dolly. |
| 0:14.0 | This is White Coat |
| 0:20.0 | This is White Coat Investor Podcast Number 105 |
| 0:22.0 | How to Think About Money with Jonathan Clemens. |
| 0:25.0 | No more waiting through dozens of books at the library, scrolling through hundreds of blog posts on dozens of |
| 0:29.7 | blogs or checking in daily with online forums trying to gain a financial education the way the hobbyists do. |
| 0:35.2 | For a fraction of the price of hiring a professional financial planner, the Fire Your Financial Advisor |
| 0:40.1 | online course will take you from feeling anxious and having no plan to having a |
| 0:44.6 | written financial plan you can follow the rest of your investing career as a |
| 0:47.8 | professional and a retiree. This course is the material that should have been |
| 0:52.2 | taught to you in college, medical school, a residency, but never was. |
| 0:55.0 | Fire your financial advisor also has a version eligible for CME credit. |
| 1:00.0 | Get your financial life in order today. |
| 1:01.0 | Go to white code investor. |
| 1:02.8 | dot com slash courses to sign up. You can do this and the white code investor can help. |
| 1:08.1 | Our quote of the day today comes from Nasim Nicholas Taleb, who said when an investor focuses on short-term investments, he or she is observing |
| 1:15.6 | the variability of the portfolio, not the returns, in short being fooled by randomness. |
| 1:22.0 | Thanks so much for what you do. The work you do each day is not easy. |
| 1:25.5 | I don't know sometimes it's difficult to drag yourself out of bed to go in to do it, especially |
| 1:29.2 | when the ER calls you at 3 o'clock in the morning to come do it. So thank you very much for what you're doing. I know sometimes |
... |
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