WCI #130: How to Retire Early as a Doctor with the Physician on Fire
White Coat Investor Podcast
Dr. Jim Dahle of the White Coat Investor
4.9 • 2.3K Ratings
🗓️ 31 October 2019
⏱️ 54 minutes
🧾️ Download transcript
Summary
Have you ever dreamed of retiring from medicine in your 40s? In this episode we interview a doctor who actually did retire recently at the age of 43. Of course long time readers will know the Physician on Fire https://www.physicianonfire.com well. But he retired completely from medicine this summer after going part time a couple of years ago. We talk about what it is like as an early retiree in this show. We discuss how he is paying for health insurance, what he is doing to continue to find meaningful activities for his time, and how his relationships with his wife and children have changed now that he is home all day. We also talk about how he retired early including what his savings rate was, how he invested, how he decided he was financially ready to retire, and what he would change about his journey to financial independence if he could go back and do it again. If you are thinking early retirement might be for you, listen to this episode to learn how to do it and what it could be like. See the full show notes at https://www.whitecoatinvestor.com/classic-blog/
Still not sure what to do with your student loans? Overwhelmed with how to tackle that giant debt in an ever changing political climate? The experts at StudentLoanAdvice.com are here to help guide you through the best options to manage your loans – our experienced staff have consulted on over $250M in student loan debt, and the average studentloanadvice.com client has saved over $190,000 dollars. You will receive a customized student loan plan using the principles of The White Coat Investor, get answers to all of your student loan questions, gain clarity about your financial future and start down the right path toward financial freedom. Book a consult today at https://www.studentloanadvice.com. 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 is your host, Dr. Jim Dolly. |
| 0:15.0 | Welcome to White Coat Investor Podcast, |
| 0:20.0 | Number 130, Retired from Medicine at 43. Have you ever dreamed of retiring from |
| 0:25.2 | medicine in your 40s? Today we're going to talk to a doc who actually did it |
| 0:29.1 | recently and find out how it's going. Still not sure what to do with your student loans, overwhelmed with how to tackle that giant |
| 0:36.1 | debt in an ever-changing political climate. |
| 0:38.6 | The expert's Student Loan Advice.com are here to help guide you through the best options to manage your loans. |
| 0:44.0 | Our experienced staff have consulted on over $250 million in student loan debt |
| 0:49.0 | and the average student loan advice.com client has saved over $190,000. |
| 0:54.0 | You will receive a customized student loan plan |
| 0:56.6 | using the principles of the White Code investor, |
| 0:59.0 | get answers to all of your student loan questions, |
| 1:01.2 | gain clarity about your financial future, and start down the right path toward financial freedom. Book a consult today at student loan advice.com. You can do this and the white code investor can help. |
| 1:13.0 | All right, our quote of the day today comes from J.L. Collins, who said, |
| 1:18.0 | yes, it is possible for every middle class wage earner to retire a millionaire, though it's never going to happen. |
| 1:24.9 | And that's not because the numbers don't work. |
| 1:26.9 | I love that quote because it demonstrates the importance of behavior, even for those that don't |
| 1:31.2 | have the high income like you do. |
| 1:33.0 | But the truth is, with your high income, you have no excuse whatsoever to not become a millionaire. |
| 1:39.0 | If you're not familiar with the White Coat Investor website because you're just a podcast listener I would |
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