WCI #186: Pilots are High Income Professionals Too
White Coat Investor Podcast
Dr. Jim Dahle of the White Coat Investor
4.9 • 2.3K Ratings
🗓️ 26 November 2020
⏱️ 48 minutes
🧾️ Download transcript
Summary
The financial pathway of a major airline pilot is remarkably similar to that of a doctor. A lot of people don't realize they make doctor-like incomes and actually have a lot of doctor-like financial challenges. You make little to no income for a decade, then pretty good income for as long as you can go without burning out. Joining us in this episode is Jason Depew, a veteran and current captain with Delta. We discuss the parallels between the financial lives of doctors and pilots like high income, burnout, geographical arbitrage, lack of financial education, and the loss of income during this pandemic. Pilots are unionized. We talk about the benefits and drawbacks of being part of a powerful union, which may be the future of medical professionals. Pilots, especially with the major airlines, are a high income professional category that we don't discuss a lot at the White Coat Investor, but this episode will be a great resource for our pilot listeners as well as all other high income professionals.
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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's your host, Dr. Jim Dolly. |
| 0:18.0 | This is White Coat Investor Podcast number 186. |
| 0:21.0 | Pilots are high-income professionals too. |
| 0:24.0 | We're recording this. Let's see. It's a 17th of November. |
| 0:28.0 | This is going to run on the 26th of November, so just a few days from now. |
| 0:32.0 | And I hope you are staying safe out there in this pandemic. |
| 0:36.0 | Still not sure what to do with your student loans? |
| 0:39.0 | Overwhelmed with how to tackle that giant debt in an ever-changing political climate? |
| 0:43.0 | The experts at studentloneadvice.com are here to help guide you through the best options to manage your loans. |
| 0:49.0 | Our experienced staff have consulted on over $250 million in student loan debt. |
| 0:54.0 | And the average studentloneadvice.com client has saved over $190,000. |
| 0:59.0 | You will receive a customized student loan plan using the principles of the White Coat Investor. |
| 1:03.0 | Get answers to all of your student loan questions, gain clarity about your financial future, |
| 1:08.0 | and start down the right path toward financial freedom. |
| 1:11.0 | Book a consult today at studentloneadvice.com. |
| 1:15.0 | You can do this and the White Coat Investor can help. |
| 1:18.0 | All right, our quote of the day today comes from Ray Dalio, who says, |
| 1:21.0 | he who lives by the crystal ball must get used to eating a lot of broken glass. |
| 1:27.0 | And I think that is very true. |
| 1:30.0 | I've tried to set up my portfolio so that I don't have to have a functioning crystal ball in order to reach my financial goals. |
... |
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