WCI #128: Resident Physician Financial Mistakes
White Coat Investor Podcast
Dr. Jim Dahle of the White Coat Investor
4.9 • 2.3K Ratings
🗓️ 17 October 2019
⏱️ 69 minutes
🧾️ Download transcript
Summary
There are some aspects of finances that are unique to resident physicians. It is really during this time that you are putting on the training wheels and learning to manage your finances before the big money comes in. We interview a resident in this episode and discuss cashflow/budgeting, filling out a W-4, doing Roth or tax deferred retirement accounts when going for PSLF, seeking student loan management advice, disability insurance for a two resident couple, and dealing with an HSA when switching between programs after your intern year. See the full transcriptions for this episode at https://www.whitecoatinvestor.com/classic-blog/
If you’re looking to Boost Returns, Lower Taxes & Build Wealth, join the WCI monthly Real Estate Opportunities list for tips and strategies to maximize your real estate returns and for introductions to exclusive investment opportunities. Expect educational emails that introduce you to syndicators, fund companies, online courses, and online real estate platforms. Go to https://www.whitecoatinvestor.com/reopportunities to sign up 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 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!
Main Website: https://www.whitecoatinvestor.com
YouTube: https://www.whitecoatinvestor.com/youtube
Student Loan Advice: https://studentloanadvice.com
Facebook: https://www.facebook.com/thewhitecoatinvestor
Twitter: https://twitter.com/WCInvestor
Instagram: https://www.instagram.com/thewhitecoatinvestor
Subreddit: https://www.reddit.com/r/whitecoatinvestor
Online Courses: https://whitecoatinvestor.teachable.com
Newsletter: https://www.whitecoatinvestor.com/free-monthly-newsletter
Transcript
Click on a timestamp to play from that location
| 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 is your host, Dr. Jim Dolly. |
| 0:15.0 | Welcome to White Coat Investor Podcast |
| 0:20.0 | number 128, resident finances. |
| 0:22.0 | We're having a lot of big changes around here at the |
| 0:25.6 | white code investor household. I came home from a trip to Lake Powell earlier this |
| 0:31.0 | week to find that our entire lot had been deforested. I had no idea |
| 0:35.2 | that I had 125 trees on the property. We now have two. We have had them all chopped |
| 0:41.2 | down so we get rid of them in bulk trash pickup day in preparation for |
| 0:46.1 | our upcoming home renovation. |
| 0:48.3 | But we're also packing boxes like crazy. |
| 0:51.0 | We're moving to another house in the neighborhood. We're going to be renting |
| 0:53.4 | for about seven months as we move out of here in order to do this home renovation. It's going to be |
| 0:58.8 | a pretty major deal. You know how these things are. You get started and then you start asking well while we're doing that |
| 1:04.4 | Let's do this and that just kind of snowballs until now we're knocking out all four walls of our home and having a real major |
| 1:14.0 | Home renovation It should be an interesting time, but it's going to mean a few changes around here. |
| 1:18.0 | You may notice a few, I don't think you will, but you might. |
| 1:21.0 | We're moving from our basement podcast in studio here to basically recording |
| 1:27.2 | this podcast out of a bedroom at the new place. So maybe the sound will be a little bit different |
| 1:32.0 | in future podcasts. We'll have to see. |
| 1:34.1 | Hopefully we can still keep it a high quality. We're excited though when we move back into the house |
... |
Please login to see the full transcript.
Disclaimer: The podcast and artwork embedded on this page are from Dr. Jim Dahle of the White Coat Investor, and are the property of its owner and not affiliated with or endorsed by Tapesearch.
Generated transcripts are the property of Dr. Jim Dahle of the White Coat Investor and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.
Copyright © Tapesearch 2025.