WCI #139: Physician Millionaires - How'd They Do It?

White Coat Investor Podcast

Dr. Jim Dahle of the White Coat Investor

Medicine, Health & Fitness, Business, Investing

4.9 • 2.3K Ratings

🗓️ 2 January 2020

⏱️ 75 minutes

🔗️ Recording | iTunes | RSS

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Summary

It is possible for you to retire a millionaire. In this episode I interview 7 of your colleagues who have become millionaires before retirement. They share how they did it and what advice they have for you. See the full transcription at https://www.whitecoatinvestor.com/classic-blog/ They are dentists and physicians in varying specialties. People just like you. In 5-30 years they have built a net worth off 1 to 5.5 million dollars on incomes ranging from 80K-1 million annually. Some had six figure student loan debt upon leaving training. None received a big inheritance. Some are business owners. Most invest in real estate. All of them had a plan. You need a plan in order to become a millionaire. Listen to this episode to learn how to create your plan, how these doctors became millionaires, and how you can too.

Did you know that the White Coat Investor not only has a podcast and a blog but several books that will help you on your way to financial independence. These books cover topics such as asset protection and minimizing your taxes to keep more of your hard earned money. They discuss plans for insurance, housing, spending, student loan elimination, investing and estate planning. You can learn how to become a millionaire within 5-10 years of leaving residency and how to invest in a sensible low cost and effective manner with or without the assistance of a financial advisor. There is even a book geared directly toward medical and dental students so you can start optimizing your finances early in your professional journey. Find the book that is right for you at the WCI store at https://www.shop.whitecoatinvestor.com or on Amazon. 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

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	This is White Coat Investor Podcast
0:20.0	Number 139, the Physician Millionaire episode.
0:22.0	And this is an episode we've been looking forward to. 1.39, the Physician Millionaire episode.
0:22.9	And this is an episode we've been looking forward to for a long time and that we've been working
0:26.8	hard on.
0:27.8	So it's going to be great today.
0:28.6	You're going to love it.
0:30.2	Did you know that the White Coat Investor not only has a podcast and a blog, but several books that will help you on your way to financial independence?
0:36.5	These books cover topics such as asset protection and minimizing your taxes to keep more of your hard-earned money.
0:42.0	They discuss plans for insurance, housing, spending,
0:45.4	student loan elimination, investing, and estate planning. You can learn how to
0:50.0	become a millionaire within five to ten years of leaving residency and how to invest in a
0:53.8	sensible low-cost and effective manner with or without the assistance of a financial
0:58.1	advisor. There's even a book geared directly toward medical and dental students so you can
1:02.1	start optimizing your finances early in your professional journey.
1:05.6	Find the book that is right for you at the WCI store at shop.
1:09.2	whitecoat investor.com or on Amazon.
1:12.0	You can do this and the white code investor can help.
1:14.9	Our quote of the day today comes from J.L. Collins who said yes it is
	...

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