WCI #178: Practicing Medicine in Australia

White Coat Investor Podcast

Dr. Jim Dahle of the White Coat Investor

Medicine, Health & Fitness, Business, Investing

4.9 • 2.3K Ratings

🗓️ 1 October 2020

⏱️ 64 minutes

🔗️ Recording | iTunes | RSS

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Summary

What is it like to practice medicine in Australia? Our guest in this episode walks us through the training and practicing of physicians in the land down under. We talk about what the medical system is like in Australia as well as how physicians are compensated. From time to time we bring doctors on the show from other countries, we've had a British physician and a doctor who trained in Venezuela on. It is fun to dive into the medical world of another country. Sometimes in the U.S. we get these almost blinders on and think we're the only country in the world. We don't really realize that there are a lot of lessons that could be learned from other countries, that we can really apply in our own lives to simplify both our medical system and our financial system. I think you will find this interview really interesting.

I estimate that 80% of doctors need, want, and should use a financial advisor and/or an investment manager. Some investment gurus such as Dr. William Bernstein think my estimate is way too low. At any rate, if you want to use an advisor temporarily or for your entire life, there is no reason to feel guilty about it—just make sure you are getting good advice at a fair price. If you need help updating your financial plan or just getting one in place, check out our list of recommended financial advisors at https://www.whitecoatinvestor.com/financial-advisors. 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 White Coat Investor Podcast
0:20.0	number 178, practicing medicine in Australia.
0:23.0	I estimate that 80% of doctors need, want, and should use a financial advisor and or an investment
0:28.6	manager.
0:29.6	Some investment gurus such as Dr. William Bernstein think my estimate is way too low.
0:33.4	At any rate if you want to use an advisor temporarily or for your entire life there's no
0:38.6	reason to feel guilty about it. Just make sure you're getting good advice at a fair price.
0:43.4	If you need help updating your financial plan or just getting one in place,
0:47.0	check out our list of recommended financial advisors at whitecoat investor.
0:50.6	com slash financial dash advisors. You can do this and the
0:54.8	white code investor can help. It is September 21st. We're recording this to run on
0:59.9	October 1st. It's going to be a great episode. I think you're really going to enjoy it.
1:03.9	You know, we've from time to time we've brought on doctors from other countries. The White Coat
1:08.8	Investor, both the blog and the podcast does have an international readership and
1:13.7	viewership. It's the vast majority is US docs. But there are people from
1:18.0	other countries that read and listen to the white-coat investor. So it's a lot of fun I think to bring people on from
1:24.2	other countries ever now and then and give you a sense for what it's like to
1:28.2	practice medicine in another country. In the past we've had a dock from the UK on
1:31.6	here we've had a dock from the UK on here we've had a dock from Venezuela on here and
	...

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