WCI #151: How to Pick a Charity
White Coat Investor Podcast
Dr. Jim Dahle of the White Coat Investor
4.9 • 2.3K Ratings
🗓️ 26 March 2020
⏱️ 44 minutes
🧾️ Download transcript
Summary
Choosing which charities to give to is important. It takes just as much effort to give well as it does to earn, save, invest and spend well. We all know that some charities are better than others so how do you choose a charity to give to? What should you look for in that charity? For me, the most important thing is to to begin with choosing a cause that you want to support. Once you know the cause you want to to support, there are resources to identify the best charities for that cause. See the show notes at https://www.whitecoatinvestor.com/classic-blog/ for links to the resources. In this episode we discuss how to pick a charity to donate your money to as well as using a donor advised fund and donating shares to charity. Besides charitable giving, we answer listener questions about getting disability and life insurance outside of the United States, asset location, how to balance Roth conversions against ACA subsidies, PLLC vs LLC, resources to use for budgeting, and more.
At some point in our financial lives, it will be time to buy a home. A physician mortgage can be a good vehicle for a young doctor who’s just out of school and has a more effective place to use their money than on a big down payment. These loans allow doctors to secure a mortgage with fewer restrictions and a lower down payment than a conventional mortgage. But if you’re further advanced in your career or deeper into your journey to financial freedom, buying a home with a conventional mortgage and then, later on, potentially refinancing that loan to a better rate with a shorter time frame could be a great move. Wherever you are in your financial journey, make sure you use the mortgage that will be most financially beneficial for you. Hop over to our recommended tab to learn more about all of your mortgage and refinancing options at https://www.whitecoatinvestor.com/mortgage. 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 | This is the White Coat Investor, |
| 0:19.0 | Podcast number 151, how to pick a charity. |
| 0:22.0 | At some point in our financial lives it will be time to buy a home. |
| 0:26.3 | A physician mortgage can be a good vehicle for a young doctor who's just out of school and has a more |
| 0:31.1 | effective place to use their money than on a big down payment. |
| 0:34.0 | These loans allow doctors to secure a mortgage with fewer restrictions and a lower down payment |
| 0:39.0 | than a conventional mortgage. |
| 0:40.0 | But if you're further advanced in your career, |
| 0:42.0 | or deeper into your journey to financial freedom, |
| 0:44.3 | buying a home with a conventional mortgage and then later on, potentially refinancing that |
| 0:48.4 | loan to a better rate with a shorter time frame could be a great move. |
| 0:52.3 | Wherever you are in your financial journey, make sure you use the mortgage |
| 0:55.3 | that will be most financially beneficial for you. Hop over to our recommended tab to learn more about all of your mortgage |
| 1:00.9 | and refinancing options at whitecoat investor. |
| 1:03.8 | com slash mortgage. You can do this and the white code investor can help. |
| 1:08.0 | Thanks for what you do. Medicine isn't easy, especially when we have a pandemic coming and you're going to be asked at times to put the lives of yourself and even your family at risk taking care of other patients. |
| 1:19.5 | Thanks for what you do. It is not an easy work. There's a reason you get paid as much as you do. |
| 1:24.7 | Our quote of the day today comes from Jack Bogle. If you have trouble imagining a 20% loss |
| 1:29.7 | in the stock market you shouldn't be in stocks. and if you didn't learn that lesson in |
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